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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
  -2.00 -2.6% 75.00 74.00 76.00 78.00 75.00 77.00 118,592 11:15:46
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 306.3 2.9 -0.6 - 98

Finsbury Food Share Discussion Threads

Showing 3776 to 3800 of 4675 messages
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DateSubjectAuthorDiscuss
28/3/2013
15:53
I suspect the Mms are trying a tree-shake - anyone selling atm is bonkers IMHO.
spaceparallax
28/3/2013
12:02
Here's a suggestion: Volvere, (VLE), a turnaround specialist, has a business called SHIRE FOODS, which might be an interesting fit
dennis russell
28/3/2013
10:47
It's unfortunate you can't see the brrmedia video mrbluesky - I'd guess you have a browser, software or cookie issue? It may be worth contacting them, to see if they can help out. Very useful little site, that.
dashton42
28/3/2013
09:47
dashton: Cant run the Video. I have noticed that FIF like to use the phrase "generate returns for share holders" alot.It almost sounds a little desperate to get people to invest in FIF,just my observation! Lets hope they actulay mean it and do not issue many more shares as this kills the value for the share holder and kills confidence as well. Having read the latest RNS things do look well in hand and it will be interesting to see what "bolt on" acquisitions they are considering. Mr Bluesky
mr_bluesky
28/3/2013
08:45
Interview with John Duffy on brrmedia: http://www.brrmedia.co.uk/event/110934/john-duffy-chief-executive He does touch on the acquisition strategy.
dashton42
27/3/2013
17:45
Any comments on Ruffer LLP buying up shares on behalf of their discretionary clients? They are holding 12% of the company now.Does anyone have any idea who these clients are and what the intention might be i.e a take over bid in the making. I know there has been rumours in the past about take overs here so could this be renewed interest? Mr Bluesky
mr_bluesky
27/3/2013
14:36
oldnotbold - margins improved a fraction and the outlook says they are trading "comfortably" in line so far in H2. Food commodities prices have been easing and the company did okay despite much moaning a couple of years ago. The fundraising was for capex expected to cut costs by £2m and improve technical capability which should help margins. I agree acquisitions often destroy value but this will be debt financed rather than cheap equity and the return on capital will almost certainly by higher then the debt interest, making it earnings enhancing. I've seen several companies make small acquisitions recently and they've all been instantly earnings enhancing. It seems market valuations have yet to catch up with the low interest rate environment. (Granted this could change abruptly but the B of E suggest not.) Strategy since the new directors took over seems pretty sound so I fancy suitable acquisitions but will reserve judgement until they are announced. I don't know where you expect a big food manufacturer to sell if they don't sell to the big 5 which have 80% of the market! Being big didn't help RHM.
aleman
27/3/2013
11:54
I don't see a margin problem. The substantial increase in profitability in the results was achieved with ongoing debt reduction excluding the sale of Free From. Also, their continued focus on internal efficiency is a positive way to improve from within, even in the face of the tough times. On the acquisitions, I share your caution. For several years now FIF's share price has been pinned down by the indebtedness that arose from their acquisition spree of the late noughties. To my mind, it would be madness to increase indebtedness except for a few modest complementary bolt-ons that are genuinely too good to turn down. I'd be happy for FIF to grow organically for a couple of years during which time debt will continue reducing and perhaps when we're down below the £5M debt level it might be time to buy wisely but to keep debt below £10M.
spaceparallax
27/3/2013
11:40
I like this story for the cheap valuation but would like to get your thoughts on margins and acquisitions, both of which seem to be risks to the story. Firstly,it seems that FIF are competing with much deeper pocketed players; a limited number of big supermarkets as clients; and rising raw material prices. In a Porters Five Forces analysis, these are three big problems. But I am very new to the story. Does FIF have any unique products or brands that can help it to keep ahead of the margin pressure? Secondly, everyone seems to be assuming that they can make accretive acquisitions, but how likely is this? Most acquisitions turn out to be value-destroyers; and this is particularly true when the acquirer has a low PE multiple as it is difficult to find acquisitions which are accretive. I'd love to be told I'm wrong on both fronts...
oldnotbold
26/3/2013
16:16
Boffter: thanks! And very good. I think this will start getting the attention it deserves now and alot more liquidity and good trade volumes. I never arrive at the party early but I tend to get there just as the bowl of punch comes out ;) Mr Bluesky
mr_bluesky
26/3/2013
14:58
boff lol your an evil woman :-))
woodcutter
26/3/2013
12:04
Welcome to the boards Mr.Bluesky, its just a shame you weren't here a couple of years ago. Why did you have to hide away for so long, so long? ;o)
boffster
26/3/2013
07:02
IC reckons the forward p/e is 8, but I'm not sure where they get this figure from. Meanwhile, we get a mention in today's CityAM: http://www.cityam.com/article/finsbury-food-sets-sights-acquisitions-earnings-jump
dashton42
26/3/2013
00:54
It looks like Cenkos have upgraded the dividend forecast to 0.75p but left eps at 6.3p then 6.1p.
aleman
25/3/2013
23:58
Woodcutter don't knock mis-valuation, it's why we're investors :-) The wait is sweet.
smartmoney100
25/3/2013
18:13
Sector enterprize value/EBITDA is around 6.5 to 7. EBITDA looks set for around £12m without Live Well. That should give a market cap of around £75-£80m less debt of about £6-8m come June. That suggests market cap of over £1 per share. EPS looks set for 7-8p. Strong cashflows and low debt should give a p/e of at least 10, maybe 12, so 70-96p. An acquisition would almost certainly enhance earnings, given food company prices and interest rates. Whichever way, it's well undervalued and there should be plenty more to be had here. It's still at a very big discount to peers (as was noted when Zetar was taken over).
aleman
25/3/2013
18:06
what an astute move selling "free from" sales growth has gone from 14%, 10% to 7% (H1 this year, includes all bread sales) that Duffy seems a smart cookie to me. More wine wench! remove me from my computer before i post something i'll regret.
woodcutter
25/3/2013
17:52
given the reduction in debt, sale of free from, the results today and the cash generated from operations it's only a matter of time before some other business or private equity group is crawling all over it doing due diligence imv, unless we see a substantial re-rating in the share price It's got to be one of the most undervalued stocks i've ever had the fortune to be invested in and i'm completely puzzled as to why it so difficult for investors to see it. Valuation..........bonkers!:0) I'm sitting on over 100% profit now and i've given up on share price appreciation after today, mr market is not in tune with events. So i guess i'm here for the buyout now!! Woody wtf do they have to do? sorry wine speaking........heavy lunch
woodcutter
25/3/2013
17:44
I'm sure this has already been posted here - apologies if so... http://www.just-food.com/interview/uk-baker-finsbury-eyes-ma-following-free-from-sale_id122351.aspx
dashton42
25/3/2013
17:40
imho, even better than a bit of a share price rise is raising the profile of the co among the investment community. Mind you, I'll take the share price rise as well!!!!
dashton42
25/3/2013
17:34
An IC "buy" is should be worth a few pence on shares of a company like FIF. Might not happen until Friday when the magazine hits shelves, though.
aleman
25/3/2013
17:17
dashton: Very nice indeed mate ;) Mr Bluesky
mr_bluesky
25/3/2013
17:15
Investors Chronicle has covered the FIF results today ("Feast on Finsbury Food"), and maintained its Buy recommendation: http://www.investorschronicle.co.uk/2013/03/25/tips-and-ideas/share-tips/tips-of-the-week/feast-on-finsbury-food-q1iLzNy92QkO9mHNIzcJ8J/article.html
dashton42
25/3/2013
15:26
I DON'T MIND IF THE PRICE IS RIGHT
spaceparallax
25/3/2013
13:25
very valid point WC
jpjp100
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