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Share Name Share Symbol Market Type Share ISIN Share Description
Finsbury Food Group Plc LSE:FIF London Ordinary Share GB0009186429 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 70.00 69.00 71.00 70.00 70.00 70.00 25,766 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 313.3 17.0 9.8 7.1 91

Finsbury Food Share Discussion Threads

Showing 3626 to 3647 of 4750 messages
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DateSubjectAuthorDiscuss
28/2/2013
12:45
Absolute priority for me is restoration of dividend.
boffster
28/2/2013
12:27
that's a very valid point boff. If the rating doesn't improve and the share price rise then someone will be looking at the cash generated and the revised debt position, with a very keen interest i'm sure. Woody Post Note Space i'm not so sure debt reduction is an issue going forward now and any strong earnings enhancing aquisition would be favourable particularly if they could move on the restoration of the divi which must be given serious consideration.
woodcutter
28/2/2013
12:16
Of course this stands the group in great stead as a takeover target.
boffster
28/2/2013
12:15
Normally I strongly object when companies sell off bits because often they sell off the growth bit at too low a price instead of selling off the stodge at a reasonable rating. However the price sold was excellent and at this valuation there was no point in fighting with the brand owners. Both FIF and the brand owners have done well over the lifetime of the partnership. It seems that, by coincidence, FIF were tipped in Shares Mag. today so there will be a lot of people looking at it over the next week. The share price could easily double from here. (It is already more than double what I paid in 2011.)
this_is_me
28/2/2013
12:13
I'd rather see continued debt reduction than an acquisition.
spaceparallax
28/2/2013
12:13
yep agree.
woodcutter
28/2/2013
11:58
I don't think they are the crown jewels either, which is why the phrase was in quotation marks. The sale of a non-core business for a very good price which was a large chunk of market cap in both cases means the comparison with DCG still stands.
aleman
28/2/2013
11:48
Aleman i'm not so sure they are the crown jewels. My belief is the gluten free market is niche but limited and sales growth has been reducing so maybe they saw it plateauing, added to which possible further competition and erosion of margins so probably a good time to make the sale particularly for the price £21m for a loss of earnings of £600K and further debt reduction. It looks a no brainer to me. Woody
woodcutter
28/2/2013
11:29
I think there are strong similarities with what has happened here and at Dairy Crest. Both companies that had supposedly worryingly high debt but strong cashflows in low growth food industries and that have sold off the "crown jewels" at strong prices to raise cash for reinvesting in potential acquisitions in the core business. Now compare the ratings.
aleman
28/2/2013
10:59
Bought back in guys despite the directors dealings in the rights which led to my exit. Feel these have only one way to go
s34icknote
28/2/2013
10:58
I also suspect there will be an acquisition in the near future that will enhance earnings. There have been clear references to plans for acquisitions, once the balance sheet was strong enough.
aleman
28/2/2013
10:44
Looks like a great deal for FIF. Compare to PFD which is drowning in a sea of debt and having to make disposals at fire sale prices.
boffster
28/2/2013
09:46
BTW - it is noted the management still helped themselves to a larger slice of the company with the recent share issue for the machinery upgrades. Given they must have been in negotiations to sell - that could easily have been funded out of the cash received, with no need to shaft current holders.
bonio10000
28/2/2013
09:18
Well done FIF, that should finally put to bed the issue that many have carped about - serious rerating underway, the debt will now erode very quickly.
spaceparallax
28/2/2013
09:14
all in all i say this was a pretty good deal. Free from sales growth has been falling over the last few years from 14% to 10% so perhaps they saw the value in selling now. If the PBT is only £0.6m then i figure that's somewhere around 0.7p eps. The debt reduction at say £17.7m initially (excluding any pension provision) should result in somewhere around £1.5m reduction in interest payments . Adding this £1.5m back and taking out the free from pbt of £0.6m gives around 9+p eps, based on last years results. These are rough estimates nevertheless it looks a good deal and still very undervalued. would welcome any thoughts on my figures. Woody
woodcutter
28/2/2013
08:54
I think it is very good news. At long last they have sorted their balance sheet once and for all. This opens the gates for dividend payments, a re-rating and acquisitions (equity funded not debt). As I've said before, I expect a dividend this year. If this doesn't happen I will sell mine.
topvest
28/2/2013
08:41
Good news for the price but would echo comments about possibly selling off the crown jewels. Is it a compulsory purchase? I thought the binding agreement in place to sell expired some time ago?
bonio10000
28/2/2013
08:20
I didn't see that coming. The market seems to be giving it the thumbs up though.
dashton42
28/2/2013
07:20
Seems a very good price, althpugh selling the fastest growing part is somewhat disappointing. Still very undervalued.
this_is_me
25/2/2013
09:57
A little life this morning
spaceparallax
22/2/2013
16:36
methinks you're rather clutching at straws, given the miniscule percentage listed - this pales into insignificance cf the strides made in trading health over recent years. This is only likely to head upward over coming months - after all, they're offering fairly priced products that the market continues to want and be able to afford.
spaceparallax
22/2/2013
16:32
block listing about to happen....as option shares are added to the market Ready for some EPS dilution ? to add to the dilution resulting from the recent share issues....
markt
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