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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
  -1.30 -1.33% 96.50 95.00 98.00 97.30 96.50 97.00 109,107 13:49:18
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 313.3 17.0 9.8 9.8 126

Finsbury Food Share Discussion Threads

Showing 3876 to 3900 of 4725 messages
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DateSubjectAuthorDiscuss
16/7/2013
19:10
How many options are outstanding currently?
mozy123
16/7/2013
18:18
This is very good news medium term as it diversifies the shareholder base. Lightbody has a lot of wealth tied-up with this and must have been biting his nails at one point when the share price was on the floor and the debt through the ceiling. He now has some serious money to spend and half his holding still intact. Be interesting to see who is on board. MAM may have added more I suspect, but there will be others.
topvest
16/7/2013
18:09
back from golf to find it was lightbody selling. Not so sure there's any need to begin to unwind your holding boff.............mind you it's probably bigger than mine and i've a few:-0 He must have had in mind to unwind some of his holding at some point and these next set of results do appear to be likely to show the final leg of the turnaround. Agree with aleman if he's wanted to unwind this many he'll have had to find a buyer and the insti's would be expecting a decent deal too. Who knows why he's selling he might have to...........divorce pending? it could be any number of reasons. I would be more concerned if he couldn't get them away to someone. Remember too an ED ex FD was a buyer recently at 56p. It's hard to judge what the pi's reaction might be but i'm at least waiting for the rns's and also the results figures. It might dip a bit in the short term on this news but i think it will recover and more. I think we also have to be mindful that Duffy who, at least in part, appears to have been the architiect of this turnaround has taken over 360K shares in exchange for his options and is unlikely imv to have done this without some knowledge of Lightbody's intentions. So i'd expect him to be pretty sharp. Woody post note If i had to place my trust in either Lightbody or Duffy then i think my preference would be Duffy. Lightbody if i recall correctly (it's so bloody long ago now) was before my time as an investor here but unless i'm mistaken presided over aggresive expansion and extensive debt. Since Duffy (and his FD) has arrived the business has grown from strength to strength. Debt down and productivity clearly up. I'll stick with Duffy for the time being.
woodcutter
16/7/2013
15:36
It would take time to sort this series of deals. The price would always move on a bit and it has only been over 60p recently. It's also worth waiting for more news as I think we might get some buying RNSes. I would not fret over the slight discount and concentrate on the coming results, although you may wish to sell a few if it is making you nervous to have so many. I sold a few recently either side of the tax-year end as my holding was getting a bit too large a part of my portfolio for my liking.
aleman
16/7/2013
15:24
Lightbody is no fool though.. I have to ask myself the question, why would he sell half of his holding at such a discount to the market price? The man hasn't become a multi millionaire by making daft decisions, this is (partly) the business he inherited and made prosper?
boffster
16/7/2013
15:16
Just seen it after my last post. Not quite certain but selling by the chairman seems to allow fulfillment of some options maturing and needs of an employee share trust without the dilution and market overhang you might normally expect for next year.
aleman
16/7/2013
15:01
Wish I was mate, really quite shocked by that announcement and I've got to say, I'm now considering whether its time to exit stage left on this one. Assume you've read the RNS.
boffster
16/7/2013
14:57
I agree with this_is_me. It looks like 6.5m was sold first, if you look at the times, and all the others look like arranged buys with the MMs taking a small cut. It was probably a multiple deal being lined up shortly before the price jumped over 60p that has only been completed recently. Can't be certain, though. I'm sure we'll have notification(s) in due course. I expect some of the directors now own notably more than a week ago. Boff's quiet. He may be in the know.
aleman
16/7/2013
13:59
I do not think that they were all sells; most were buys arranged by the broker on behalf of the seller of 6.5 million.
this_is_me
16/7/2013
13:51
The total sub bid sales at around 55p is 13.495m shares not far off the Lightbody holding so my guess would be he's been kindly pushed, all speculation of course. This could be good news as institutional investment holders pick up the shares and although we might see a few offloading small numbers in the short term it might be beneficial in the longer term and provide potentially a little more liquidity. To offload that quantity and have as little impact as it has someones clearly picking them up. We might be left with a slight overhang but i'd expect that to clear after such a good TS. Woody It may have also been David Marshall at London Finance
woodcutter
16/7/2013
13:39
TIM there are only a few shareholders with that kind of holding figs from DLook. London Finance 8m Ruffer 7.59m MAM 3.63m TDIT 2.72m and Lightbody himself 13.7m Ruffer, MAM and TDIT have all added recently so i'd be surprised if it was them. My guess would be lightbody has been coerced into selling but i could be wrong. Interesting few days brewing! Woody
woodcutter
16/7/2013
13:21
It looks to me like the 6.5 million (more than 10% of the company) was the main sell and this was taken up by various large buyers and some broker made serious money arranging it.
this_is_me
16/7/2013
12:25
someones dropped a shed load and the share price has hardly moved. i guess we'll have to wait for a rns before finding out out who. Wonder if it's lightbody selling to institutional demand? A whopping 8.5p below the bid too...............wasn't the boffster was it? WC
woodcutter
16/7/2013
07:57
Many of us have been here a long time and it's been a pleasure to be part of a trusted and well informed thread with some great contibutions from solid experienced investors. Along with the odd bit of fun too. One of a few threads i'm on that haven't been trashed by the lunatic fringe and Boffster deserves some credit here for filtering out the odd nutcase that's turned up on one or two occassions. Also big thanks to Aleman for his detailed financial analysis which i think has kept me in when i've had doubts on occassion. It's still got further to go imo and i've always felt true value will arrive at somewhere between 90p and 120p. I beleive we'll get there now. The management also deserve a substantial amount of credit and the BOD have done a truly great job of turning FIF around aimho. I retain my holding and see no reason to even top slice in the present climate and although i'm a little disappointed the share price hasn't risen further yesterday i feel when the figures are released we'll see further uplift. Woody
woodcutter
15/7/2013
18:08
I bought these at 40p and 20.75p, so I'm very happy. It's taken a long time though!
topvest
15/7/2013
15:05
IMO speciality breads expansion is a great use of some of the money that is in the coffers Dividend news, pitched to be positive but not too aggressive, is very welcome and will do a lot to help the share price continue its rise Can you imagine how pleased and proud you would be if you were on the Board of a company that had you had led into a position where it could issue a pre-close statement of that nature? Not that I am in position to advise anyone, but its surely not the time to sell these just yet. Crikey, only a few more pence upwards and I shall be expecting markt to have something positive to say!
jpjp100
15/7/2013
14:12
IC has reiterated it's Buy recommendation (unsurprisingly): http://www.investorschronicle.co.uk/2013/07/15/tips-and-ideas/share-tips/tips-of-the-week/finsbury-rising-nicely-C9ctDeGWucpfli0v6KVbVP/article.html
dashton42
15/7/2013
11:37
I always said I couldn't understand how Cenkos got such low forecasts and expected them to be beaten.
aleman
15/7/2013
11:13
current sellers will regret their choice (unless to fund the mid year tax bill) when we're heading towards £1 in the not too distant future.
spaceparallax
15/7/2013
09:33
Good opportunity for this go a lot higher once the annual report is out and people start looking to 2013/14 and beyond. It would be absolutely fantastic if this could get back to the £1 per share it was 5/6 years ago.
topvest
15/7/2013
08:47
Great TS, despite tough trading conditions the Company are making great strides - I'll be surprised if we don't broach 70p by Friday close.
spaceparallax
15/7/2013
08:07
What a complete stroke of luck for those investors that subscribed 3.8M in private offer for shares at lower price ? ...hope they didnt have any inside info ---- and for the dirs. who got...was it....20% of the company via options at 21p....
smithie6
15/7/2013
07:37
Yes, very good news here. Our patience is being rewarded after 5 years of pain. Hats off to the directors to turning this around without diluting shareholders of material value. I think the dividend is a bit on the low side though. I was expecting 0.75p anyway. Nevertheless, if they start from a low base it should be progressive from now on. Only £10m of debt...how good is that versus the c£50m of 4-5 years ago!
topvest
15/7/2013
06:57
The FD sees the numbers first! The business is still on the up. Increased investment and reducing debt is impressive.
this_is_me
15/7/2013
06:49
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
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