Finsbury Food Share Discussion Threads

[woodcutter] 03/10/2013 19:10

I've looked briefly before at WTM and thought it might pull back so i could find an entry point but it just keeps racing away from me and i'm a bit anxious about buying on the rise at present but thanks i'll have another look.

Away on hols at present so just keeping tabs on portfolio but will try and find some time away from mrs woodcutter.

WC

[battlebus2] 03/10/2013 08:18

Thanks Woody, i will take a look. I think WTM is worth a look with results out on Monday, several esteemed investors onboard. FIF still falling but could be due to market sentiment at the minute though your 60p is quite possible and your selling in the high 70's looks shrewd now.

[woodcutter] 03/10/2013 08:12

b2

We might see 60p again if it keeps falling at that price i'll be interested again

Picks and Shovels is a good policy b2, i'm in NBI long time for the same reason so NTQ is definately one to watch. Although i do have few oils and one miner at present. Bought SIA before the special divi, 10% yield, and recent news and future cash flows look to be excellent with 50% FCF to be returned to shareholders yoy for about 8% yield at current share price I've built quite a stake there and also GPK which is moving to NYSE but i'll still hold as it's massively undervalued imv and has promised to return cash to shareholders similar to SIA (GHF is in there too) and recently been nibbling AAZ which also looks undervalued, there's a resouce report due shortly. All three of these appear to have excellent reserves too.

I've been looking at SRX too but not bought yet, i think the product has a very erratic market price so not sure about it really. Having said that the presentation on their web site is compelling and the recent director purchase, CEO bought about £350K from memory.

WC

[battlebus2] 27/9/2013 13:45

Sorry for the O/T.

I agree Woody i wasn't finding anything myself recently but GHF put me onto a few like NTQ. I only took a modest holding as the revenue only starts to flow from 2014 onwards and as we all know a lot can happen between now and then. Never invest in mining stocks myself but as NTQ is on the peripheral i've allowed it through. Lots of upside to come from the majority of my current holdings so no rush. Keep me posted if you spot something and i'll do the same.

[woodcutter] 27/9/2013 13:31

b2

i noticed you're hovering around NTQ, i'm interested too but it's more of a punt at present and i'm not in. i tend to agree with Aleman, hard to find true value at present so i'm just nibbling. Perhaps it's one of those periods where you just have to accept that it's best to be out of the market.

My cash balance is my largest holding now by some significant margin and i'm disinclined to invest it just for the sake of it too. All of my filters and investment models aren't showing much at all to be honest.

For long term investments I'm only considering stocks with exceptional operational gearing at present were a decent uplift in sales with high gross margins and relatively low increases in o/heads can deliver an improved eps and there's very little of that about anywhere.

WC

[woodcutter] 27/9/2013 13:26

boff you've been a great host and i have to give you credit for not tolerating the one or two occasions when we've been on the end of some troublesome posters, i wish you well if you still in, i would have liked to have seen that infamous 90p share price and it may well get there but i think it's going to be a much slower ride from now on.

So i guess the answer is look after the baby for us:-))

Woody

Bought some AAZ at 32p with the proceeds this morning. I'm not a mining fan but it does look tasty and the chart has a very powerful flag formation developing anyway dyor etc. It's a trade rather than long term.

[boffster] 27/9/2013 12:54

Are you guys all leaving me here holding the baby then ;o)

[aleman] 27/9/2013 12:51

I've had an excellent run this year with a number of shares and have been taking profits (including FIF which now needs the acquisitions for more progress given the reluctance to pay out the strong cashflows as the fat dividend I was expecting). I'm finding it much harder to find new homes for the cash this year compared to 2008 to 2012 where the financial crisis created a great number of oversold possibilities. All the good ones seem to have recovered now and the rare opportunities I'm finding don't seem as compelling as those in recent years. It may seem a strange thing to say, even though it has been said by some famous investors such as Buffett, but I may not find any more great new investment opportunities until we have another recession.

[battlebus2] 27/9/2013 12:22

Good luck Woody, can't decide if i'm safer staying for the M&A or taking the profits and going elsewhere like you. Not seeing any share that's standing out ATM.

[woodcutter] 27/9/2013 12:00

Sorry guys but i've been offloading this week after giving it some consideration. With the wheat and sugar prices rising after a poor wheat harvest i figured they might get squeezed a bit going forward. Also the share options dilution and my belief that the major share price correction now the business has been turned around all contributed to my decision. I've pretty much tripled my intial investment so i've been very fortunate.

It's been a great ride and a good strong thread, big thanks to boffster for controlling it and all the contributors who have mixed some fun with some very detailed analysis.

Good luck to those still on board.............time to find a home for the cash now.

WC

[spaceparallax] 26/9/2013 17:07

Hmmm, I wonder how many 'employee's can manage to buy 250,000 - no doubt a Director cashing in.

[spaceparallax] 24/9/2013 11:55

The symbolism of the divi is more important here than the sum

[battlebus2] 24/9/2013 08:45

It is a small dividend but i'll spend it just the same :))

[dashton42] 24/9/2013 08:42

From today's City AM:

[dashton42] 24/9/2013 07:55

Agreed boffster, but as somebody else said, every little helps...

Nice one, bb2!

[boffster] 23/9/2013 22:14

To be fair a dividend yield of 1% is hardly that thrilling. Most savings accounts are beating that!

[battlebus2] 23/9/2013 18:22

Yep , i did email them earlier so good to see we get an early Christmas box :))

[dashton42] 23/9/2013 17:55

FIF gets a Buy tip update in IC today:



And I see we now have a divi payment date of 11 December 2013!!

[battlebus2] 23/9/2013 13:28

Me neither, looks like an omission they'll need to correct.

[dashton42] 23/9/2013 13:20

I couldn't spot the divi payment date in the results - does anyone know when this is, or if there'll be a separate rns?

[spaceparallax] 23/9/2013 12:28

sp rebounding nicely.

[jpjp100] 23/9/2013 11:15

Happy enough with the prelims here

Whether this turns out to be a consolidate and do it a bit better or whether FIF finds a way to lead the overdue and necessary industry consolidation is the big question now

[dashton42] 23/9/2013 09:56

FIF still a buy, according to IC in their daily news summary:

[spaceparallax] 23/9/2013 09:52

Results very solid. I'm a little disappointed with the EPS 6.5 figure; however we still remain on a very undemanding PER. Amazing that in 5 years they've managed to reduce the debt:EBITDA ration from 5 to 1!

Looks likely to consolidate around the 70p level for now unless perhaps we attract more institutional investment on the basis of the divi and future prospects.