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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 4151 to 4175 of 4650 messages
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DateSubjectAuthorDiscuss
26/3/2014
14:48
El1te I read that same note and it is a fair point. Consolidation in the industry could happen any time. If FIF's Directors want to acquire, rather than be acquired, they have to convince the 'money' involved that they are the better management team and that FIF is the better horse to back... They are doing the right sort of stuff to achieve that imo.
jpjp100
26/3/2014
09:02
No callum, I'm serious - FIF's performance over recent years has been excellent. They've transformed their finances and continued to compete well despite tough market conditions; a continuation of what they've been consistently doing will yield growth in turnover and profitability together with even greater financial solidity.
spaceparallax
25/3/2014
12:03
12-14 would be nearer the mark I reckon.
el1te
25/3/2014
11:59
"Crazy forward PER - should be nearer 20, given our financial solidity." For a food business spaceparallax! - you're having a laugh.
callumross
25/3/2014
10:58
Looks like I'll have to retract my previous statement. They really are ramping up capex. £14m to be spent in two years. Why the hell couldn't they say that in the results? You can see capex is high for this half at £3.7m but the interims don't really tell you that is going to continue for another 3 half years. Still, I suppose the forecasted £2m annual addition in profit from the £3.9m fund raising always did seem a high rate of return. They could have made it clearer at the time how large the capex projects were. HTTP://uk.finance.yahoo.com/news/finsbury-foods-doubles-investment-cake-business-7m-earnings-010720884.html
aleman
25/3/2014
09:49
I recall a note out from Webb Capital a month or so ago that read that Finsbury was quite possibly a takeover target itself.
el1te
25/3/2014
08:29
acquisitions might ideally be funded by equity of course but for FIF, which despite the impressive results in recent years, still has a very low rating, would find that difficult I suppose there is still some legacy around of the last equity funded acquisitions too, painful memories for some.
jpjp100
24/3/2014
22:05
They are generating more than enough cash to reinvest in the existing business. I said this at the fundraising and maintain this on seeing these results. A smaller dividend just builds up the acquisition war chest a little quicker.
aleman
24/3/2014
20:35
Yes, interim results quite positive in a difficult environment. Would have been nice to increase the dividend, but its still pretty nominal anyway. Better to reinvest in the business if this is needed.
topvest
24/3/2014
17:06
I think they are working hard behind the scenes on i) business as usual and ii) to put themselves in a strong position for industry consolidation ii) is more important in the long term. FIF has to get the balance of investment right: to keep the balance sheet in good order; to keep (potential) funders convinced that they (FIF) are better managers than their competitors and to have the most efficient and effective supply chain I haven't seen anything that would make me think they aren't doing that
jpjp100
24/3/2014
16:22
Solid performance and a more upbeat than usual sounding statement. Dividend still miserly but if they're investing heavily for future growth then I don't mind too much.
boffster
24/3/2014
12:06
Crazy forward PER - should be nearer 20, given our financial solidity.
spaceparallax
24/3/2014
10:44
FINSBURY FOODS the bread and cakes focused operation released Interim results earlier this morning, for the six months to www.privatepunter.co.uk/‎ FINSBURY FOODS the bread and cakes focused operation released Interim results earlier this morning, for the six months to 28 December 2013. •Group revenue from ongoing operations was down to £86.6m against the previous £88.2m •Pre-tax profit from continuing operations increased by 50.6% to £2.1m Compared to the £1.4m achieved in the corresponding period. •In-roads into the debt continue and that was reduced to a more palatable £11.8m from the £27.4m of 2012. Despite what appears to be a continuing challenging market place, Finsbury has made solid progress and as I noted in my last comment, looks to be operating on a much firmer footing. The shares are up a touch this morning at 54.25p and trade on a forward PER of under 9.
cheshire man
24/3/2014
10:27
Very solid, with minimal dip in revenue but significant improvements elsewhere on the balance sheet. I'd say that we're significantly undervalued given the strong position upon which FIF can gradually build.
spaceparallax
24/3/2014
08:50
At a quick glance, the results look fine if a little dull. The shares still look quite undervalued but there is no obvious spark to highlight that without an acquisition. The failure to increase the dividend is a bit of a slap in the face to shareholders. It would not have cost much. What are they thinking?
aleman
24/3/2014
08:08
happy enough with that, it is tough out there
jpjp100
24/3/2014
07:47
Bread and cake maker Finsbury Food Group reported operating profit up 5% to £2.6m in the first half-year to 28th December (H1 2012: £2.5m). Group revenue from continuing operations was down 1.8% to £86.6m (H1 2012: £88.2m). Profit before tax from continuing operations was up 50.6% to £2.1m (H1 2012: £1.4m). Net debt was down 57% to £11.8m (H1 2012: £27.4m). Proposed interim dividend is 0.25p per share (H1 2012: 0.25p per share). Operational highlights · New cake slice 'snap pack' packaging format launched · Snacking cake automation investment program on track for year end completion · Nicholas & Harris bread facility expansion has been commissioned in January · New Livlife Low Carb Bread progressing well John Duffy, CEO, said: "I am pleased with the progress made in what has been a transitional year for the Group. The sale of the Free From division, consequent group restructuring and capital investment have transformed the balance sheet and provided the Group with the strong foundation on which it is operating. "Whilst the trading environment remains tough in the short term, our low level of debt and interest costs allow us to make significant investment in our factories and businesses for the future, in line with our stated strategy. We believe that although the consumer markets remain challenging, an improvement in consumer behaviour lies ahead, and the Group is in a strong position to mitigate against these wider market challenges and focus on its strategy for growth." Story provided by StockMarketWire.com
battlebus2
24/3/2014
07:21
Headcount to fall again so some jobs to go unfortunately.
battlebus2
24/3/2014
07:20
Pretty much as the pre-close statement so at least no nasty surprises. Hopefully we will see a small increase in share price.
edale
24/3/2014
07:14
Results look good to me at first glance.. Summary · Operating profit up 5% to £2.6m (H1 2012: £2.5m) · Group revenue from continuing operations down 1.8% to £86.6m (H1 2012: £88.2m) · Profit before tax from continuing operations up 50.6% to £2.1m (H1 2012: £1.4m) · Net debt down 57% to £11.8m (H1 2012: £27.4m) · Proposed interim dividend of 0.25p per share (H1 2012: 0.25p per share) Operational highlights · New cake slice 'snap pack' packaging format launched · Snacking cake automation investment program on track for year end completion · Nicholas & Harris bread facility expansion has been commissioned in January · New Livlife Low Carb Bread progressing well Commenting on the results, John Duffy, Chief Executive of Finsbury Food Group plc, said: "I am pleased with the progress made in what has been a transitional year for the Group. The sale of the Free From division, consequent group restructuring and capital investment have transformed the balance sheet and provided the Group with the strong foundation on which it is operating. "Whilst the trading environment remains tough in the short term, our low level of debt and interest costs allow us to make significant investment in our factories and businesses for the future, in line with our stated strategy. We believe that although the consumer markets remain challenging, an improvement in consumer behaviour lies ahead, and the Group is in a strong position to mitigate against these wider market challenges and focus on its strategy for growth."
battlebus2
21/3/2014
16:42
Interims out Monday. Not optimistic, I have to say. That said, any profit improvement will underscore the low rating that Finsbury is trading at. El1te
el1te
22/2/2014
18:27
A few thoughts that may be of interest to others. http://www.privatepunter.co.uk/Companies/fif-22-february-2014
hastings
21/2/2014
14:15
price of sugar appears to have hit shares of a sector company.... although business model etc is not the same http://uk.advfn.com/p.php?pid=financials&symbol=LSE%3ARGD
smithie6
17/2/2014
11:53
Nice move up ahead of results maybe ! Finsbury Food Group PLC Notice of Results TIDMFIF RNS Number : 0552A Finsbury Food Group PLC 14 February 2014 Date: 14 February 2014 On behalf Finsbury Food Group plc ('Finsbury', 'the Company' of: or 'the Group') Embargoed until: 0700hrs Finsbury Food Group plc Notice of Results Finsbury Food Group plc (AIM: FIF), a leading manufacturer of cake, bread and bakery goods, will announce its interim results for the six months ended 28 December 2013, on Monday 24 March 2014. An analyst briefing will be held at 1000hrs on the day at Redleaf Polhill, First Floor, 4 London Wall Buildings, Blomfield Street, London, EC2M 5NT. Analysts wishing to attend the briefing should contact Rachael Brown on 0207 382 4736 or email rb@redleafpr.com to register. - ENDS - For further information: Finsbury Food Group plc www.finsburyfoods.co.uk John Duffy (Chief Executive) 029 20 357 500 Stephen Boyd (Finance Director) Cenkos Securities plc Bobbie Hilliam (Corporate Finance) Alex Aylen (Sales) Redleaf Polhill finsbury@redleafpr.com Rebecca Sanders-Hewett 020 7382 4730 Jenny Bahr Publication quality photographs are available via Redleaf Polhill on the numbers shown above Notes to Editors: -- Finsbury Food Group plc (AIM: FIF), is a leading manufacturer of cake, bread and bakery goods. Within its Cake business, the Group's focus is premium and celebration cakes plus low fat cake slices. Its Bread business manufactures artisan and organic bread and also morning goods. -- Finsbury Food Group is the second largest manufacturer of Ambient Packaged Cake (excluding In Store Bakery) in the UK, a market valued at GBP939m (Source: Kantar Worldpanel Total UK Coverage, January 2014). -- The Group's strategy is to generate returns for shareholders by building a crafted bakery group focused on premium, celebration and well being that delivers for customers and consumers. Finsbury continues to develop its licensed brand portfolio to complement its core retailer brand relationships and improve its understanding of and response to changing consumer needs. -- Whilst the Company sees exciting organic growth opportunities in all its businesses and its short-term focus is on integrating and growing its existing businesses, the aim is to take advantage of the appropriate bolt on acquisitions to drive longer term value as opportunities and circumstance allow. This information is provided by RNS
cheshire man
10/2/2014
09:16
Clever move battlebus :-)
cheshire man
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