Finsbury Food Share Discussion Threads

[s34icknote] 01/5/2020 08:42

That's another two million through Sicknote

[sphere25] 30/4/2020 16:48

And then there was only one market maker left at 62p with the stock itching to push higher as buying volume increases.

This is a glaring anomaly in the market. You would think Mr Market prices stocks in such a way that you don't get opportunities like this where there is at least 30% near term upside (imo), but it does - time and time again.

Highlighted so many of these opportunities recently and alot of them have gone absolutely bonkers. It is also bizarre how those stocks which have minimal or zero revenue have bounced strong to recover a significant chunk of their losses and yet something like FIF hasn't bounced when a large amount of the revenue is seeing "unprecedented demand".

Highlighted this one in the past when they were 70p and they pushed on to just over £1. They did a similar thing then with lines of stock to clear with stock available in size before it all dried up, sellers cleared and the stock rose sharply on very little volume.

This seller at 62p is nearly done and I'd expect the stock to break out and head toward the mid 70's at least.

EDIT:

Delayed 1m print just hit at 60p. That is definitely another sign the seller is close to being done - stock has been drying up at these levels throughout this week.

[value viper] 30/4/2020 16:35

yes , shares tick up - seller (close to) done ?

[battlebus2] 30/4/2020 16:05

Did similar

[s34icknote] 30/4/2020 14:30

Topped up here Sicknote

[sphere25] 30/4/2020 12:33

Hello FIF

Do I smell rally time.

One of the last few decent stock laggards out there. FIF has some catching up to do.

[value viper] 29/4/2020 19:05

it won't budge - look at the wider market and AIM in general
either the seller continues thus can't yet move or it ain't gonna move until next update
maybe both - i would have hoped for just some form of rebound by now ..... guess its a patience job but opportunity cost being parked here

[arthur_lame_stocks] 21/4/2020 19:18

I'm banking on this year being bad for a lot of the stocks I am buying but that they will survive and be worth a lot more once normality resumes.

[pireric] 21/4/2020 18:45

Agree, but very conceivable that the 20% could be down 25-50% at least over March/April etc, which has a clearly negative impact on HY trading. And I'd imagine demand in the core bakery goods must be down at least high single digits? Given the business is operationally geared, imagine that makes profitability more challenging this year.

But on a multi-year view you'd imagine this all rebounds so if you can pick a low enough normalised multiple, then can be attractive for sure

[value viper] 21/4/2020 18:30

Yes but 20% of revs only and rightly closed at this time

[pireric] 21/4/2020 13:42

Presume the foodservice channel has fallen off a cliff

[value viper] 21/4/2020 13:13

Agreed - yet to rebound in any way

[arthur_lame_stocks] 21/4/2020 13:01

I've bought some of these again. Trading shouldn't be too bad and they have enough headroom in their facilities. Could easily double once the lockdown ends.

[ny boy] 12/4/2020 18:28

On my accumulation list

[s34icknote] 07/4/2020 09:08

Seller cleared ?Sicknote

[studentinvestor13] 24/3/2020 15:51

I've topped up

[kirmich] 20/3/2020 18:26

4,5 million shares traded at 0,55 on 132 million shares, nice, i bought in today after the fall

[jpjp100] 25/2/2020 17:52

nice update: good results, cautiously optimistic, considering acquisitions at the right price

opportunity to kick on in Europe with the new capacity in Poland that needs to be made to pay it's way

overall good

[spaceparallax] 24/2/2020 22:07

Impressive results year on year from FIF

[battlebus2] 24/2/2020 07:39

Good results and nice increase in the dividend. Confidence on FY.

[sphere25] 27/1/2020 13:19

Finsbury Foods (FIF)

Who’s trading? Citywire AAA-rated Ken Wotton & Brendan Gulston

The trade: Gresham House’s small cap experts upped their stake in commercial baker Finsbury Foods from 2.1% of the shares to 3.9%.

How have the shares performed? From a low of 63p in early September Finsbury has rallied to 98p, still below a 2016 high of 136p.

What does the company say? In a recent update, Finsbury chair Peter Baker said the business had ‘significantly outperformed’ its market late last year and was now in its ‘strongest position in recent years’ despite wider ‘consumer malaise’. In the year to June the company reported earnings per share 329% higher at 7.3p.

What’s the outlook? Following its November update broker FinnCap noted the company was booming as ‘UK grocers are turning to operators such as [Finsbury] to develop distinct and differentiated private-label products,’ rather than chase Aldi and Lidl on low pricing. The recent rally has overshot an average City price target of 93.5p, however.

[spaceparallax] 27/1/2020 10:45

Thanks Casper

[spaceparallax] 17/1/2020 10:16

Hopefully the passage of time will see a return on their investment.