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
  -2.20 -2.58% 83.00 81.00 85.00 84.50 83.00 83.50 657,171 15:42:58
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 303.6 4.5 1.7 48.8 106

Finsbury Food Share Discussion Threads

Showing 4226 to 4250 of 4550 messages
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DateSubjectAuthorDiscuss
24/1/2015
02:27
I believe the best piece of ammo Finsbury has against the supermarkets is that all the capex of recent years has improved efficiency and with a strong balance sheet, I would imagine FIF can ultimately say to the supermarkets 'try and buy a product of this quality cheaper'
boffster
20/1/2015
14:05
Very pleased to see that organic growth number It is testament to the strength of the business and its leadership team that it can deliver organic growth whilst making such a large acquisition I, for one, do not underestimate how hard that must have been to do
jpjp100
19/1/2015
20:08
Yes, all is well. They are also always very cautious in their use of language, so not surprised that they don't talk about meeting market expectations. Why should they put that in their statement and give the big supermarkets (who no doubt read these announcements) any ammunition at all - that would be a real own goal! They always talk about intense competition etc. etc. It's part of the game.
topvest
19/1/2015
18:23
Food input costs dropping fast. Fixed costs fuel/light heat etc also falling. will mean upgrades tiger
castleford tiger
19/1/2015
13:02
We've seen grim times. On a positive note, with the tumbling petrol prices, we probably won't need to car share!
spaceparallax
19/1/2015
12:23
SP - doesn't seem that long ago we were contemplating car-sharing a drive off of Beachy head to save on petrol!
boffster
19/1/2015
12:02
Great TS - unusual in recent times to see such confidence.
spaceparallax
19/1/2015
11:35
A very pleasing statement which has reaffirmed my confidence in the group.
boffster
19/1/2015
09:02
Very encouraging words regarding the Fletchers acquisition. It would have been nice to see a few words saying that they are comfortable in meeting market expectations for the FY. I have been digging around in the numbers that they kindly provided to get a feel for what the end of year numbers could look like assuming that the old business has a similar second half and the new Fletchers arm continues trading as in November and December. I come up with a turnover in the order of £250m which looks to be on target in terms of turnover: brokers estimates around £253m but probably difficult to predict with the acquisition etc. There is also talk of improved operating margin which is nice but nowhere talk of PBT expectation. Still, overall encouraging update to my mind: and the share price up about 6%.
hatter2
19/1/2015
08:50
Fletchers will drive the growth here imo, 'transformational' i think was the word used in the October note. All looks good to me. Falling oil prices will help the bottom line but the extra money in shoppers pockets will mean treats and cakes are bought. Happy to hold even though i accept supermarkets will always try and squeeze their suppliers.
fozzie
19/1/2015
08:37
Looks very much on track to me, from today's update.
hutch_pod
16/1/2015
20:55
There is always immense pressure on the supply chain. Just business as usual for Finsbury Foods.
topvest
16/1/2015
08:26
I've sold FWIW. I hope the next update is a good one for shareholders, but with all the pressure on food suppliers, I can't envisage that will be the case: http://www.bbc.co.uk/news/business-30841416 I'd also like to see a clean post-acquisition summary balance sheet.
boystown
13/1/2015
20:58
Probably next week.
boffster
13/1/2015
12:49
Pre close trading update shortly?
hutch_pod
02/12/2014
12:57
just bt 9000 at same price as chairman so fingers crossed.
manrobert
02/12/2014
08:13
Maiden share purchase (46k) by Chairman
glaws2
01/12/2014
18:52
not sure whether the acq. of Fletchers is perhaps over priced a bit FIF looks to have a reported EBITDA of 10.7M giving a low ratio to cap. value of 3.7- 4 (with share price at 60p) EBITDA/share looks to have been around 16p (10.7M/66M) (that ratio would reduce even more if one removed the recent large investment in new machinery, phps 6-8M, and the property held and considered a value of EV wrt EBITDA, perhaps reducing the ratio to 3 !) and FIF was roughly debt free or would have been phaps in 1 yr while Fletchers EBITDA was 6M (59M new shares issued) yet Fletchers valued at 56M a ratio of around 9 (and had debt) a valuation ratio MUCH higher than the FIF ratio EBTDA/new share is 8.5....much lower than the 16 for 'old' FIF !!!!!!! (for this value I have deducted 1M as estimated interest cost for the 21M debt used with shares to obtain the 6M EBITDA from Fletchers) The large difference in EBITDA per share ratios between old FIF and Fletchers makes me wonder if FIF has over paid to acquire Fletchers, compared with options choices to benefit shareholders, such as perhaps increasing the divi for the old FIF to drive up the share price (towards 120p for the old FIF)....for a low risk solution to benefit shareholders. (from the summary info available...it looks difficult to me to calculate the expected EPS and debt. in 1 years time...although the cash generation should reduce the debt level and hence the finance costs...I guess some people will have enough data and have calculated some numbers...) I guess part of the idea is to increase the EPS over coming years by reducing the increased debt from cashflow.....(not going to attract many tech sector investors !) (I wonder if the shareholders would have done better if a larger divi was paid or share buybacks done....instead of using the cashflow to make this acquisition....last big acquisition was over priced and shareholders lost a lot of money as a result....) one can see possible cross selling benefits etc....but perhaps a lot of that was already included in the price paid for Fletchers...and cross selling possibilities is perhaps only in the direction from FIF to Fletchers rather than in the other direction ----- one might argue that FIF was 50% undervalued at 60p....as its takeover value... issuing a large number of FIF shares as part of the acquisition cost could be argued to be like giving away assets to the sellers of Fletchers, ..and one wonders whether FIF could have done something to have got the share price up before doing the acquisition, such as presentations, higher divi, a bonus divi announcement for X months in future etc. ---- Risk one might argue that FIF could have stayed as it was, and could have increased its divi to say 3p (from 6p EPS, after tax) which would have been a 5% divi wrt 60p share price. Or even higher if the cash was not needed. If all of the 6p EPS was paid out as a divi then one could argue the share price would have gone to 120p to give a yield of 5%. With little risk to FIF shareholders. Whereas the acquisition infers a level of risk, as well as opportunities perhaps. Be interesting to see how the share price and EPS performs over coming years and how it compares to a share price of 120p, if 6p divi had been paid from the old FIF. ------ Last big acquisition that FIF made, 5 or so years later....and with turnover doubled after the acqusition of each part to the merger.... the share price was 2/3rd of the price paid for the acquisition !! (some ppl have had doubts about the legality of that deal, whether to benefit shareholders (ref. the LAW) or the chairman.....who gained by selling X Million shares at arguably a false high price....to make him richer. Using his votes and those of David Marshall (LFI). London mkts are a cesspit (Quindell, Cupid, MOS, Lamprell, Sefton Res. the list is endless !.....with few or no prosecutions) Will this be the same ?!, share price of 2/3rd in 5 years time, 40p ?!
smithie6
26/11/2014
20:30
All very encouraging indeed. These should continue to do well. Business appears to have good momentum despite the difficult market conditions. Still undervalued.
topvest
26/11/2014
20:25
Were you at the agm jp?
bigfrocks
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
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