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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
  0.80 1.55% 52.30 51.60 53.00 52.30 51.50 51.50 3,602,827 16:26:43
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 306.3 2.9 -0.6 - 68

Finsbury Food Share Discussion Threads

Showing 4101 to 4124 of 4650 messages
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DateSubjectAuthorDiscuss
30/1/2014
17:11
Getting a bit sick of this death by a thousand cuts! Any opinions as to FIFs suitability as a takeover target? Given much reduced debt and miserly P/E.
boffster
28/1/2014
14:03
Yes, clearly Ruffer see a bright future here along with most on this thread. Interesting to find out who's disposing of so many that it's overridden the Ruffer increase - or is it just MMs playing tricks?
spaceparallax
27/1/2014
17:07
well after the recent falls thought i'd have a look at buying back in. Nice to see many familiar posters still here. Will browse back through the recent post history and have a review of the TS before committing. Ruffer upping there stake by a further 100K+ shares. As usual will post if i buy. Woody
woodcutter
27/1/2014
16:33
It was really the grimmest way of saying we're expecting higher profits this year and benefits of investment coming through the year after! :o)
boffster
27/1/2014
13:35
it is tough going out there for FIF clearly Am I the only one to detect a bit less enthusiasm in this pre close update than in prior recent announcements? I think they need to be careful here. 1. They need to keep taking market share from and trading better than competitors (easier said than done, but they can) 2. They need to work hard on costs and efficiencies and 3. They need to be positioned on the right side of the consolidator / consolidatee fence when that kicks off in their industry. (I am not sure which side of the fence is best for them just now tbh). It would be easy to get any one of those 3 things wrong - at great cost! Overall, disappointed.
jpjp100
27/1/2014
12:30
Will there be anything left of the once mighty Premier by the time they've done selling bits of it off?
boffster
27/1/2014
07:53
From PFD statement this morning: The Company therefore expects the short-term cash benefits from this transaction, excluding fees, to be approximately GBP28m, which it intends to invest in its core Grocery business. Specifically, it is intended that capital expenditure in 2014 will be predominantly focused on improving capacity in the cake business including the investment of approximately GBP20m in a new Snack Pack cake slice line at the Company's manufacturing site in Carlton, Barnsley.
this_is_me
24/1/2014
12:46
Their specialised bread business is interesting and poised for growth next year. FF always puts out relatively negative statements, given retailers (their customers) look very closely at the words. Presumably it helps on pricing discussions. The cake market is fairly mature though I suspect, although they have a very good position.
topvest
24/1/2014
12:37
never did like them selling the best bit of the business. removed all growth.
bonio10000
24/1/2014
12:26
I've been watching here too, the T/S isn't terrible but this one line caught my attention: "the Group plans to invest in up-weighted market activities to protect volumes" Buying retail space? Dropping cost prices for higher volumes?
funkmasterp12
24/1/2014
12:21
Trouble is that this is a profit warning disguised as a "trading statement". These things tend to come in threes. Will keep a watching brief until further updates from the company.
callumross
24/1/2014
09:51
A good point; financially, the Company's never looked healthier.
spaceparallax
24/1/2014
09:43
Yes, I'm happy to hold. A P/E of 8 is hardly demanding. On cost pressures, they have endured much more tricky times than now.
topvest
24/1/2014
09:36
I'm perfectly happy with the TS - it would be nice to see the cost price inflation contained, but as said they're in a much healthier financial position to work on improvements within the Company. I suspect the recent share price erosion is temporary and expect to see a return to the 60s pdq.
spaceparallax
24/1/2014
09:08
Been watching and waiting for this update but I won't be investing on the back of it. Flat to marginally declining sales and costs up....no mention of being able to recover the additional costs through price increases which is hardly surprising. I am putting this on my low level watch list but clearly there will be no positive news for quite some time.
salpara111
24/1/2014
08:31
A bit of an unfortunate contrast with RGD, which Investors Chronicle has been tipping recently. Jam tomorrow, I suppose.
dashton42
24/1/2014
08:15
I would anticipate a higher dividend this year. With debt all but eliminated, an EPS of over 6p gives plenty of room for an improved yield whilst retaining earnings for investment.
boffster
24/1/2014
08:11
You can get 6% yield on utility or similar solid very low growth companies so why invest in FIF at the current price?
this_is_me
24/1/2014
08:03
Yes, guess this announcement was already known by the market. The announcement is a bit on the gloomy side, but this is clearly a transitional year until their growth plans come to fruition. They have been very good at growing their business historically, and so I'm sure they will find some growth again over the medium term. In the meantime, there is a dividend and a low P/E.
topvest
24/1/2014
07:24
Interesting trading statement, and the chocolate/butter cost prices are probably what the market was tracking with the recent falls. However, results in line with expectations and expecting to show an improved pre-tax profit (i.e. at least £2.98m which I think was 3.3p in EPS for H1?)
el1te
24/1/2014
07:05
The Board expects to report first half profit in line with market expectations. Following the sale of the Free From business in February 2013, continuing first half Group sales revenues are £86.6m, versus £88.2m in the prior year period. The UK Bakery business declined by 2.1%, £1.6m, whilst Lightbody Europe, the Group's 50% owned joint venture business, was flat year on year. Cost inflation in key ingredients such as butter and chocolate combined with general cost inflation continues to keep pressure on margins. The Company has however mitigated this pressure with internal efficiency investment and a cost reduction focus. The planned cake capital investment programme is progressing well with the new cake slice 'snap pack' packaging format launched and further snacking cake automation investment on track for year end completion. Similarly the Nicolas and Harris bread facility expansion is being commissioned in January 2014. These and future capital investments will underpin further internal efficiency and capacity improvements to support sales growth in the coming years. The Board remains confident of reporting a year on year improvement in PBT but believes general cost inflation will impact the Group's performance during the second half of the financial year. In reaction to the current trading environment, the Group plans to invest in up-weighted market activities to protect volumes and undertake an overhead reduction programme which will be completed in the second half. The full year benefit of the overhead reduction will be seen in the next financial year. John Duffy, Chief Executive of Finsbury Food Group plc, commented; "Whilst the trading environment remains tough in the short term, in line with our stated strategy, our low level of debt and interest cost allows us to make significant investment in our factories and businesses for the future. "In a transitional year following the sale of the fast growing Free From division and consequent group restructuring and capital investment, I am pleased with the progress made and believe we will enter next fiscal in a stronger position for the eventual improvement in consumer market behaviour ahead."
battlebus2
23/1/2014
14:22
Duffy "We could easily double the size of our bread business in the next few years"
boffster
23/1/2014
13:32
Finsbury AGM was back in November, unfortunately I couldn't make it this year.
boffster
23/1/2014
12:34
Don't know how much to read into it, but Thorntons reported large growth in their FMCG division. I believe some of this is manufactured by FIF.This area at least should show growth if true.
whitej_d
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