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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
  2.00 2.17% 94.00 93.00 95.00 94.00 92.70 92.70 23,701 14:20:31
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 306.3 2.9 -0.6 - 123

Finsbury Food Share Discussion Threads

Showing 4201 to 4225 of 4700 messages
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DateSubjectAuthorDiscuss
26/11/2014
20:10
all good so far with the acquisition - no surprises or shocks it will take a year or three to get an acquisition of this size properly bedded in, but there should be evidence that it is going in the right direction (or not) as soon as the next trading statement lots of hard work to be done, but I am quite confident it will work out well
jpjp100
26/11/2014
11:10
Just come out of the agm, duffy was very upbeat!
bigfrocks
26/11/2014
10:52
Well the market seems to like the statement put out by FIF today. After a long plateau we have a decent % movement up.
hatter2
26/11/2014
09:24
if anyone can understand those figures they may well be a good buy.
manrobert
25/11/2014
11:13
I see that on the 24th November Ruffer increased their holding in Finsbury from 16% to17%. Not a massive increase on an already substantial holding but quite a vote of confidence from Ruffer who are no mugs.
hatter2
14/11/2014
10:07
ex-dividend today, only 0.75p but a little divy nevertheless.
hatter2
13/11/2014
23:49
@wheeliedealer just done Twitter posts on p/e and dividend yields....you can also see at Front Page where it has embedded Twitter feed on http:// www.wheeliedealer.weebly.com
pcourt
13/11/2014
15:26
Thanks for that Glaws2
hatter2
13/11/2014
15:24
In a nutshell it's the acquisition of Fletchers which makes FIF cheap. It quotes CNKS forecasts of profits growing to £10.3m (£6.6m in 2014) in 2015 and £13m in 2016. It's the first time I have seen profit forecasts - CNKS seem to keep them close to their chest. The other point made about the Fletcher's business is that it diversifies the business away from the main supermarkets with the lines of morning goods for coffee shops.
glaws2
13/11/2014
14:36
Blimey Glaws2, absolutely zero impact on the share price Do you have a summary of the shares mag views?
hatter2
13/11/2014
14:20
Full page buy recommendation in Shares this week.
glaws2
08/11/2014
09:02
Does it really matter?
topvest
07/11/2014
15:54
Last trade of 6000 shares is a buy, not a sell.How many other sells are really buys?
smithers
05/11/2014
16:23
Yes I agree. Whilst I don't always agree with him, I do always listen! and the podcasts are a great way to gain more insight.
hutch_pod
05/11/2014
15:47
Hutch_Pod thanks for the correction; I think Paul Scott is doing a cracking good job with those podcasts.
hatter2
05/11/2014
15:35
Hi Hatter, I agree with the sentiment, but I think it was Edward Roskill on this occasion - just as worthy though perhaps..
hutch_pod
05/11/2014
15:13
Hutch_Pod that was a very enthusiastic opinion from Edward Roskill of the future for Finsbury after their reverse takeover of Fletchers Group. In my view any comments from such a respected investor as Edward Roskill ( not Boros, my error) are worthy of consideration. Looks good to me but as usual all potential investors should DYOR.
hatter2
28/10/2014
10:30
I wonder if this podcast helped - Paul Scott's weekly interview, first stock mentioned FIF. hTTps://audioboom.com/boos/2596110-26-oct-2014-small-cap-value-edward-roskill-paul-scott#t=2m21s
hutch_pod
28/10/2014
09:07
Maybe starting to sink in just what a good acquisition Fletchers Gp was ;o)
fozzie
27/10/2014
12:18
Fletchers - I met management at the time of the capital raising and quizzed them closely about the price paid for Fletchers. It seems good value because a) Fletchers own a freehold site worth £4m; b) Fletchers had tax losses of £18m and capital allowances to be claimed - worth in total around £7m; c) Fletchers food services business which is 46% of revenues grew at 9% CAGR for last 5 years - impressive; d) Fletchers has been well invested in with £14m of recent investment; e) run rate EBITDA for Fletchers was stated to be around £8m. So, price paid including value for tax losses/capital allowances was around £50m and run rate EBITDA of around £8m = say 6 x EBITDA which is a very fair price. For the enlarged group EBITDA runrate is around £19m and maintenance capex is around £5m pa = £14m cashflow less interest and tax.
eswr
15/10/2014
20:56
No, it's a great fit. Only downside, and it's a significant one, is the price. FIF shares have been issued at an undervalue in my view, so its dilutive. They would never agree to a takeover at 59p and so why double your share issuance at that price?
topvest
15/10/2014
10:29
It is a good acquisition. I had contemplated that it might be a target, but had written it off as too big. Whilst I am pleased that a big acquisition is being made, I don't underestimate the difficulties of making it work. Sure, it would have been better if it was cheaper, but good strategic acquisitions that enable you to build a group that can grow aren't cheap and the seller (when it is someone like Vision) don't give stuff away. As it is paid for by a placing and not bank debt, the cost is easier to stomach. We have known for a while that a deal needed to be done for FIF to get to the next stage. I have spent some time wondering if the deal would see FIF as the acquirer or the target. I am most pleased that it is the former. Now that the group is getting towards £300m turnover and has an enterprise value of something like £111m, it starts to get it onto the radar of bigger investors too - which may have some benefits. Can you think of a better acquisition target in the market anywhere?
jpjp100
11/10/2014
15:28
Actually, here are the facts: Finsbury - enterprise value to EBIDTA 5.25 times Fletchers group - £56m divided by £6m EBITDA before exceptionals = 9.33 Probably would need to make a downward adjustment for Finsbury's pension deficit, but ignoring this. .........The target is valued approx 78% higher. Warren Buffet would not be happy with this!
topvest
10/10/2014
20:31
All very quiet on here given a major deal was announced today. Where has everyone gone?
topvest
10/10/2014
07:46
Well today's reverse takeover is a bit of a surprise. Looks a good and profitable business and sensibly funded. That said, it looks a little on the dilutive side for existing shareholders (i.e. paying a multiple of >> 10) for a business where FIF are currently on a multiple of less than 8. Have to say that it looks like they are giving away more than they are receiving, so it's now wonder the placing is over-subscribed. So, Finsbury is worth about £55m enterprise value (c£200m turnover) and Fletcher's Group is worth £56m (c£100m turnover). Better be lots of synergy! To be fair Fletcher's does offer foodservice distribution which they can channel the Finsbury product as well + the Kara brand. Looks like it will be earning enhancing next year though and helps give the growth clear growth momentum. Hopefully, that will also lead to a re-rating of the shares over time as they are still undervalued. Not surprising the placing was over subscribed. Shame existing shareholders are not given the opportunity through an open offer given the dilution we are suffering! Overall, mildly optimistic that this will be positive longer term but think it's definitely valued the target at nearly twice the relative valuation of Finsbury which is disappointing.
topvest
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