Finsbury Food Share Discussion Threads

[wirralowl] 23/3/2015 09:56

Superb results and as topvest says, very impressive dividend growth too; could well attract a whole new type of investor and support the share price growth. The Fletchers acquisition certainly seems to have been transformational for the company.

[topvest] 23/3/2015 08:43

All very positive indeed + the initiation of a proper dividend. Can see this moving up to a £1 or so now. Excellent.

[stewy_18] 23/3/2015 07:49

Amazing what is small increase in operating margins does for operating profit. If they can keep increasing operating margins by 130 Bps and increase growth by 5%+ operating profit should increase exponentially? Synergies with Fletches bakeries should make this possible.

Any brokers updates?

Best

Stuart

[jpjp100] 23/3/2015 07:29

looks pretty positive and seems to contains good numbers on first reading

lovely.

[boffster] 20/3/2015 15:48

The mood at the AGM back in November was very upbeat in my opinion.

[spaceparallax] 17/3/2015 15:14

I'm not expecting any unpleasant surprises.

[hatter2] 17/3/2015 14:22

Rather worrying step by step decline gathering pace today ahead of the interims on Monday: I hope all is well.

[spaceparallax] 06/2/2015 08:46

I'll look forward to the interims - should make very positive reading.

[imranawan] 26/1/2015 09:45

Was wondering why there was a sudden increase in the share price this morning. Thanks for posting the share tip.

[battlebus2] 24/1/2015 23:35

Midas share tip. GLAH.

[boffster] 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'

[jpjp100] 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

[topvest] 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.

[castleford tiger] 19/1/2015 18:23

Food input costs dropping fast.
Fixed costs fuel/light heat etc also falling.

will mean upgrades

tiger

[spaceparallax] 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!

[boffster] 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!

[spaceparallax] 19/1/2015 12:02

Great TS - unusual in recent times to see such confidence.

[boffster] 19/1/2015 11:35

A very pleasing statement which has reaffirmed my confidence in the group.

[hatter2] 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%.

[fozzie] 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.

[hutch_pod] 19/1/2015 08:37

Looks very much on track to me, from today's update.

[topvest] 16/1/2015 20:55

There is always immense pressure on the supply chain. Just business as usual for Finsbury Foods.

[boystown] 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:



I'd also like to see a clean post-acquisition summary balance sheet.

[boffster] 13/1/2015 20:58

Probably next week.

[hutch_pod] 13/1/2015 12:49

Pre close trading update shortly?