Finsbury Food Share Discussion Threads

[boffster] 23/1/2014 01:08

They didn't expand the Nicolas & Harris bakery expecting sales to be flat.

[topvest] 22/1/2014 18:50

Well either someone knows something negative or this will bounce on the update. It's on a forward P.E of only 8.7. Looks cheap versus others at the moment. I suspect sales are flat or even down a bit, given low sales growth numbers at the big food retailers, but they have grown in the past and I'm sure they will grow again without the debt burden that was holding them back.

[uhound] 22/1/2014 15:50

Agree that a trading update probably due this week and I tend to think based on share price performance figures will be flat. At this level though looks good value unless there is a nasty supprise!

[spaceparallax] 22/1/2014 15:02

It does. On the issue of growth, unless we replace the contribution by Free From, the income stream will decline; however, the outgoings element will doubtless have declined by more given the substantial reduction in debt and its associated costs. Overall, I anticipate an improved EPS and a much reduced gearing, which to my mind indicates a more healthy company in a position to either manage organic growth (my preference) or take up promising minor acquisition opps. In a nutshell, we have regained control of our healthy business.

[boffster] 22/1/2014 14:53

I am still expecting growth this year although at a modest rate. With EPS 6p+ and little debt, 55p looks a miserly valuation.

[spaceparallax] 22/1/2014 14:44

if the decline continues, I'm looking to shuffle more money into FIF. There are no fundamental reasons for this share price decline.

[el1te] 22/1/2014 14:16

Yes, but a lot has changed since then, not least the debt size.

[this_is_me] 22/1/2014 14:13

The last time that I bought them they were less than 25p.

[el1te] 22/1/2014 14:06

Sub-30p would be a ridiculous valuation and there will be plenty of investors willing to buy above that!

[this_is_me] 22/1/2014 14:04

I am just glad that I sold out last August (around 70p - unfortunately a little early) Now that it is a low or no growth stock with a low yield I will not be tempted to buy back in above 30p unless things change.

[el1te] 22/1/2014 14:02

Might as well re-post my article from a few weeks back. Always good to look back over the fundamentals when a share is dropping. http://www.theel1tetrader.com/2013/12/finsbury-food-group-continuing.html El1te

[boffster] 22/1/2014 14:00

I have it on good authority that the TS will be either tomorrow or friday

[joeywald] 22/1/2014 13:59

El Let's hope so!

[el1te] 22/1/2014 13:51

Volumes don't seem to suggest that joey. The fall in the raw commodity prices should come across positively if anything Expecting a fully fledged reversal when it's released (with a little luck!)

[joeywald] 22/1/2014 13:47

There was a pre-close trading statement on the 23rd Jan last year. I'm wondering if there will be one tomorrow and people have wind that the figures don't look too good.

[mrphil] 22/1/2014 13:43

Boffster, I nearly sold some at 70p but decided against it. Now starting to wonder if that would have been a sensible idea!

[boffster] 22/1/2014 13:05

This is becoming an annoyance

[smartmoney100] 20/1/2014 15:12

I guess so, I've been buying here recently, seems a very overlooked company at the moment.

[boffster] 20/1/2014 14:26

Indeed there seems to have been no fundamental reason for this decline, peeps selling out to buy into more exciting action stocks I would imagine.

[el1te] 20/1/2014 12:34

A trading update this week (possibly next) should get FIF back on track

[spaceparallax] 20/1/2014 09:32

Indeed, lots of upside available here. Those able to sit tight will be rewarded handsomely.

[topvest] 17/1/2014 21:35

Patience required.

[joeywald] 17/1/2014 12:22

Very quiet here. I thought this share would be on everyone's new year shopping list as it looks well undervalued.

[spaceparallax] 10/1/2014 17:57

But I doubt that the free from profits outstripped the cost of interest on the debt burden that the sale has removed. Very happy to hold.