Finsbury Food Share Discussion Threads

[boffster] 12/4/2013 13:08

Was just thinking the same share price , never thought we'd be back under 50p - Still, my dividend will buy more shares now :o)

[spaceparallax] 12/4/2013 12:16

I'm amazed by the extent of the retracement, surely a rebound is overdue.

[jpjp100] 05/4/2013 16:38

Sitting at a screen all day watching for a 1 tick move here or there isn't for me either... I know some people that love it, but I would hate it. There are plenty of opportunities in plenty of very liquid markets that don't require that. Ed Seykota, one of the most legendary of all traders, apparently checks the markets once a day, after the close. I like that approach

[woodcutter] 05/4/2013 15:35

well i'm not really a trader i just use ta for signals, although i have been giving some thought to opening a sb account. It's time consuming just looking after my current holdings and seeking new opportunities so not sure i could be sat at the screen all day every day for a sb day trading account, i guess i'd be looking to do more swing trading with a strict stop loss system. Each to their own i guess. Woody

[jpjp100] 04/4/2013 20:39

yes, I have read both of those, both good. I just downloaded to kindle 'Trading Beyond the Matrix. The Red Pill for Traders and Investors' by Van K Tharp Only read a couple of chapters so far, but it is shaping up well and making me think about my trading from different perspectives already. Which is good. I highly rate all of his previous books and credit Van as a major contributor to any success I have had / will have in my trading endeavours.

[jpjp100] 04/4/2013 20:36

FWIW, seeing as markt directed some comments specifically to me I have no doubts at all about the integrity of the CEO or the FD. I can't comment on any other Directors as I have not encountered any of them before. However, I am quite sure that the CEO and FD could and would act swiftly in the interests of FIF (and of course themselves) if there is anything untoward to deal with. I have, literally, no interest in anything that happened before I bought my shares. As for the incidents that you cite - I think the issue of options at the market price at the time was a sensible option to incentivise the participants and also to show their confidence in the future prospects of the business. - I have commented before that I think there was more to the share issue than the raising of a few £m. My views on that have not changed. Whether it was needed (your word) or not is irrelevant. - I am not sure that the Directors would have known about the Free From sale at the time of the rights issue. These things happen quickly and can go from low level discussions to either a done deal or to just fizzling out in one single meeting. - I don't entertain for one minute that any insider rules were broken at all. I am very comfortable with the conduct of the Directors since the new CEO was appointed.

[spaceparallax] 04/4/2013 11:45

Lol Markt, give it a rest - in the time since you started this bashing thread, the sp's doubled.

[woodcutter] 04/4/2013 08:09

jp have you read dr alexanders "trading for a living" it too is a good ta read. as is murphys "technical analysis of the financial markets" not read marben will take a look. WC

[jpjp100] 03/4/2013 15:15

I have just been re reading Brian Marber's excellent book Marber on Markets Marber has a long history of delivering highly regarded technical analysis and the book is a a gloriously good insight into technical analysis I think even he might start to get a bit excited at the current FIF chart The more I consider the situation just now, the more I think it is possible that someone will - maybe even as you read this! - be weighing up the possibility of a bid for FIF I don't know who, but maybe one of the PE houses with form in the food sector.

[dashton42] 03/4/2013 13:59

Today's share price tick-up despite going xd? Pretty impressive.

[woodcutter] 03/4/2013 13:13

i said the TA indicators looked good. Don't think there's much stock about, tried a dummy order for buy 6000 shares and couldn't get an electronic quote with TDW WC

[s34icknote] 03/4/2013 13:02

About to break out me thinks!

[spaceparallax] 03/4/2013 12:59

continuing to look very promising

[s34icknote] 03/4/2013 05:18

What would be the yield at 53 p?

[aleman] 02/4/2013 22:01

Without the updated dividend forecast, though. Should be 0.75p and 0.83p.

[woodcutter] 02/4/2013 15:34

several TA indicators are looking favourable for a breakout. some quite supportive buying today so maybe we're ready for the next leg up. WC

[spaceparallax] 02/4/2013 13:42

....which in one respect confirms strong support. Interesting to see what some fresh news might bring

[this_is_me] 02/4/2013 12:22

Still in the same trading range that it has been since the end of February.

[s34icknote] 02/4/2013 12:14

Bought back in this morning .

[spaceparallax] 02/4/2013 11:45

hallelujah, the share price returns to rightful progression

[aleman] 30/3/2013 15:15

http://www.thegrocer.co.uk/companies/finsbury-foods-on-the-hunt-for-acquisitions-after-free-from-sale/237956.article "We've already received a lot of calls and walked away from one deal because the price wasn't right

[dashton42] 28/3/2013 18:34

Interesting idea, dennis russell; Shire Foods looks like it would make a bite-sized acquisition, but as it concentrates on pies and pasties, and FIF concentrates on cakes and bread, I don't know that strategically it fits? Unless they want to get into the pie and pasty market, of course, but I don't recall any mention of this in the results, or in the brrmedia interview.

[spaceparallax] 28/3/2013 15:53

I suspect the Mms are trying a tree-shake - anyone selling atm is bonkers IMHO.