Finsbury Food Share Discussion Threads

[boffster] 09/8/2013 23:42

Bigfrocks my old friend.... Take a lesson from that book of mine which you have... don't kick yourself for not making the perfect transaction! You've made a good profit, there will be other sound investments you can make with the proceeds.

P.S. I would like that book back at some point !!

[battlebus2] 09/8/2013 18:16

I could be wrong as my memory is shot too but i still remember numbers like 90p :)) Will take a look thanks.

[woodcutter] 09/8/2013 18:12

b2 have a look at CRX, one for the future, you might try SDI too aimho.

[woodcutter] 09/8/2013 18:09

b2 if i recall correctly i orignally said 90p in two years time about a year ago when it was in the 30p range and then reiterated it when it was in the high 40p range so still another year yet but it's getting there, but my memory is fading these days so i could be wrong about the timing.

The important point is that it's continuing to climb and i still beleive it to be undervalued, particularly if we get a progressive divi arrangement. I've always felt that divi development would bring more institutions to the table and that certainly seems to be happening typically Ruffer and they're no fools.

I'm inclined to believe it could get to my rather exceptional forecast i gave when i quoted the 90p and that was as high as 120p with a little time. Much depends on commodity prices, energy costs and the pressure from supermarkets but we have good management and that's key to busienss success and i feel they'll deliver...........it's in their interests they like KPI options;-))

Woody

[spaceparallax] 09/8/2013 17:16

I wonder what the next EPS figure will be - it'll help clarify just where we stand PER wise? I'm anticipating C10pps, which would mean we're currently on a miserly PER7; if that's the case, the 90p that you mention would easily be justifiable.

[battlebus2] 09/8/2013 17:12

As long as you made a profit forget it. Very few can sell at highs anyway a great day again and the way this is moving Woodies 90p is closing in fast.

[spaceparallax] 09/8/2013 17:02

if it was the right decision at the time, then you should be happy with it.

[bigfrocks] 09/8/2013 16:22

Feeling sick selling out at 66.5

[spaceparallax] 09/8/2013 15:41

touching 70p, long may and should it last. This business is continuing to steadily grow and achieve financial stability, which in turn boosts the EPS and justifies the significant long overdue rerating of recent months.

[smithie6] 08/8/2013 08:48

I see that David Marshall (non-exec. dir) has employed Mr Beale (effectively an employee of his)
as chairman at another listed co. he controls and is the MD....Monteagle Marshall
listed in Luxembourg.

(both are non-execs. at FIF)

I well I guess that by giving the chairmans job to a someone who feeds from your hand....should gtee that the chairman will never go against you or give you a hard time !!


appears to ride rough shod over the regulations though imo.

(I thought that the bod was supposed to represent the interests of all shareholders.....and to have some freedom of action...to ensure that workers and shareholders are suitably safeguarded (OK, often doesnt work at all on AIM )


and that an MD giving a key board role to an employee of the MD was against the rules...

(Mr Beale is CEO of LFI subsidiary City Group...and LFI is controlled by the large shareholding of the Marshall family trusts...City Group is not listed but 100% of the votes are voted by David Marshall..so the Marshalls can easily remove any director at City Group such as Mr Beale


Mr Beale is of course only on the FIF board as the financial man to represent LFIs stake ...noting that LFI played a large part in creating FIF...and if he fell out of favour with LFI..such as by opposing a David Marshall decision at Monteagle Marshall..then LFI could easily have him removed from FIF. (the rest of the FIF board would not try to keep a worker on the bod if his employer and large shareholder decided it didnt want him there....)


LFI
sleeping voting partner at LFI..and in my opinion addition of block of votes of sleeping partner WH Lamb Ltd to give over 50%
...WH Lamb looks to also act as sleeping partner for Marshalls to give over 50% at another Marshall controlled company, pure coincidence ? ...I doubt it...coincidence doesnt tend to happen to often in financial world if holding a sleeping partner stake costs tens of thousands of pounds...)

-----

From Monteagle Marshall accounts....it appears that David Marshall uses a trust fund in Jersey to receive his salary or directors pay.

One assumes it is tax free.

If only everyone could do the same !

(would mean there would be no money for hospitals or schools though !)

[woodcutter] 07/8/2013 09:40

i don't think there's much stock about so like NBI any buying pressure is forcing it exponentialy higher.

Woody

[spaceparallax] 07/8/2013 09:22

looking lively this morning - next step up into the 70s looking likely

[spaceparallax] 06/8/2013 09:52

Great to see just how solid the sp's looking

[woodcutter] 30/7/2013 09:41

some nice chunks being bought today!

WC

[topvest] 23/7/2013 20:44

Isn't the improved results on both largely due to commodity prices coming off which benefits them in the short term, until price reductions are demanded by the supermarkets?

[edale] 23/7/2013 19:35

Increase in share price today may well be associated with better than expected results from Premier Foods.

[woodcutter] 23/7/2013 11:20

boff you've been in a long time and taking a little off the table is sound imv so i wouldn't be too harsh on yourself.

The market obviously like the Lightbody move so seems okay.

Going back to the debate on the options although from recollection i think i noted there were 7.7m outstanding we need to be mindful that these are the approved options and the unapproved options based on this years performance will be added to these and they are as yet unknown.

just a point worth noting, unless of course i've misunderstood it.

Ale..........if it gets to 90p we'll all need to take a tablet and lie down!

Woody

[boffster] 23/7/2013 11:02

Aleman I'm actually kicking myself for selling even a single share! Maybe I need to stop beating myself up

[spaceparallax] 23/7/2013 10:31

Simply taking the next leg up as the recent TS sinks in.

[aleman] 23/7/2013 10:10

Boff will need to take a tablet and have a lie down.

[edale] 23/7/2013 10:10

The cake's rising well. Someone put an extra pinch of baking powder in this morning

[aleman] 23/7/2013 10:08

Very lively. Something afoot?

[aleman] 23/7/2013 09:57

Perky again, today.

[spaceparallax] 22/7/2013 15:52

I wonder what EPS we'll see for the period to end Jun 13? Perhaps it'll approach 10pps - if so that still leaves loads of room for ongoing correction towards £1 share price It's been a real pleasure to reap the rewards for longstanding patience.