Finsbury Food Share Discussion Threads

[this_is_me] 15/7/2013 07:57

The FD sees the numbers first! The business is still on the up. Increased investment and reducing debt is impressive.

[woodcutter] 15/7/2013 07:49

Break out the champers guys, looking forwad to another leg up today. The finance director purchase seems well timed. Aleman you'll be able to buy a farm load of salad;-) Should be an interesting day. Profit expectations for the financial year ended June 2013 are significantly ahead of expectations Debt and interest costs significantly reduced Increased final dividend recommended Woody

[woodcutter] 12/7/2013 13:31

Aleman you're beginning to look like a rabbit! Looks like you've done well on PHNX today. Woody

[aleman] 05/7/2013 18:28

I've done a salad and sandwich shop again this week and next week looks like being the same. People in my bit of Yorkshire are starting to ask about drought orders due to the low river levels, although reservoirs are still respectable. Farmers are mechanically watering crops here. It's been very dry and sunny since April. Weather should be playing right into FIF's hands. I believe it's now the best summer since 2006.

[topvest] 04/7/2013 20:34

Yes, sounds sensible given the growth and margins in this business.

[spaceparallax] 01/7/2013 09:38

interesting news

[spaceparallax] 20/6/2013 17:45

Agreed, we're on a very strong upward trend with supporting fundamentals, reducing debt and good growth. The reducing debt is a virtuous circle that is leading us towards exponential improvement.

[battlebus2] 20/6/2013 17:32

Hold em tight imv dyor etc.

[dashton42] 20/6/2013 07:41

What can you say about the recent share price rise? Whatever's behind it, long may the rerating continue. I think it'll be interesting to see how it holds up today though, in light of the Fed's aim to moderate QE this year, and potentially end it by mid-2014. Not that I know of a direct correlation between US QE and FIF (?!), but I'm sure sentiment will be hit hard today, and risk will definitely be off. If the FIF share price does show resiliance, it'll be especially impressive, imho. Happy to be corrected if I'm spouting gibberish though.

[topvest] 19/6/2013 18:46

WOW - this is going great guns. Great news for LFI as well given their substantial holding.

[battlebus2] 19/6/2013 15:46

My crystal ball says news is coming very soon, long before 90p Woodcutter :))

[aleman] 19/6/2013 15:39

I think the Investors Chronicle website posted on the 13th about the director buy. Perhaps that has drawn in a bit of buying.

[spaceparallax] 19/6/2013 15:31

Yum yum, the long awaited price correction continues apace.

[aleman] 19/6/2013 15:22

I'm wondering if anything in particular is driving the shares up. Food commodities are very subdued which may help margins as contracts come up but I suspect the weather is helping sales. It's been rare in recent summers where I do a weekly shop where I buy for summer, i.e salads, sandwiches, ice cream, extra juice and beer, etc. but I have now done it a few times this year. It's been unusually sunny and warm here for about 7 weeks. (We need more rain for the plants and lawns as it has got too dry and rivers are low.) I reckon it's looking like the best summer since 2006 in Yorkshire if things don't take a sudden turn for the worse. I always thought FIF's forecasts seemed unduly cautious. I think they were going to be beaten slightly anyway but it's now looking like we could add in slightly better margins and higher turnover for at least a couple of months into the mix.

[woodcutter] 19/6/2013 14:36

yep agreed there Aleman, i think we're all happy bunnies. It's looking like it's going to be a long but rewarding enterprise. I always figured we'd make our way up towards 90p over a couple of years and i still think there's more in the tank.

[dashton42] 19/6/2013 10:53

Enjoying the ride!

[battlebus2] 19/6/2013 10:17

Continuing to move upwards :))

[topvest] 18/6/2013 20:35

Looking great here. It's been a long patient wait, but things seem to be coming good.

[edale] 18/6/2013 19:31

Normally a trading statement at the end of July so another six weeks away yet.

[aleman] 18/6/2013 16:36

Boff must be a happy bunny. I'm not terribly displeased myself.

[battlebus2] 18/6/2013 16:33

Yes very happy , just need some tasty news now!! :))

[woodcutter] 18/6/2013 12:56

b2 bet you're glad you're back in!!! should have added more than 8K. doh!!!

[battlebus2] 17/6/2013 18:16

Yep and i'm still of the view news is in the offing so have a decent holding now.

[this_is_me] 17/6/2013 15:49

Onwards and upwards!