Finsbury Food Share Discussion Threads

[sphere25] 06/9/2022 15:31

Sounds like Thursday. Some hope:

"Energy bills will be frozen at around £2,500 for households by Liz Truss in a huge intervention to protect Britons from soaring prices.

The rough figure was reached because households will still get the planned £400 a year off bills, taking the total to be paid to around £2,100 a year - just above the current price cap.

Ms Truss’s team has decided the package will be funded by borrowing, rejecting the proposal from energy companies for customers to pay the money back in higher bills over the next decade.

Businesses will also get support, possibly in the form of frozen energy prices, but the mechanisms and delivery for such a move are much more complicated than protecting consumers and are still being debated.

Figures close to Ms Truss stressed that the package remained a work in progress and a final, complete sign-off has yet to be taken."


We don't know the exact detail yet but it's something isn't it. As for FIF and other risers today, they're clearly some tentative buying and moves on the back of this. Yes, some might just be oversold bounces that eventually get sold into but we're all clearly looking for some positives and the eventual bottoms.

As for FIF, it looks close to a breakout so I'm hanging on. Most of the input costs have fallen away - call that relief. Energy the big one, will this package be enough to get some shares holding the bounces?

Interested to see how FIF and others move. Clearly I want to lob into a spike but the news is fluid and we will take all the positives we can.

All imo
DYOR

EDIT:

It looks like some of the answers to the post above are being revealed.

Big buying continuing with delayed large prints:

475k@74.75p
2 x 200k@75p
500k@75.25p

UPDATE 07/09/2022 13:58
Look at the auction two 500k bids at 75p and a 500k bid at 76p - some serious demand for shares here. That's after the delayed prints yesterday and further delayed big buy prints today of 250k @ 75.5p from yesterday

[spaceparallax] 06/9/2022 12:53

Interesting share price movement without fundamental prompt - might we have a takeover in th offing? It would have to be a stunning offer for such a financially sound and well run company.

[thecroots] 05/9/2022 20:43

Very. Always good to have a new institution...

[ntv] 05/9/2022 17:49

Interesting

[ntv] 28/8/2022 21:08

Small punt here
Interesting that Ldg have a stake

[briggs1209] 26/8/2022 07:43

The 3.7m was bought by DBAY on behalf of LDG. LDG is mostly a cash shell but DBAY get paid to turn a profit on the account.

[sphere25] 18/8/2022 12:53

3.7m print @ 69.5p

It's a big un for FIF. Someone clearly coming in to try and clear sellers. Chart range bound 68p vs 72p.

Let's see if there is any movement on the back of that big chunk or any more follow, including big delayed prints like SOM that can get the price making a bullish move.

They sounded confident they could navigate the challenges in the last update so maybe worth keeping an eye on. Long way off the highs if they do keep performing.

All imo
DYOR

[investorwil] 03/8/2022 14:31

Lots of bored sellers Lew, they will be kicking themselves soon.

[lewaus97] 02/8/2022 16:25

Does anyone think theres a seller holding it back ?

[spaceparallax] 25/7/2022 14:21

coming alive a little today

[thecroots] 22/7/2022 19:15

I think given the climate with cost of raw materials and energy costs, the pre-close trading statement is nothing short of outstanding.

In fact, i was shocked the share price didn't move up more. Perhaps today was the start of a modest retrace to its usual trading range of 90-100p

[jpjp100] 21/7/2022 18:02

>Simithie6 I was merely trying to show that the pre-close trading statements haven't mentioned profit / ebitda previously, so this one not doing so either isn't unusual.

As I read it, the statement "The Group delivered a robust full year performance in line with market expectations" is referring to the year ended 2 Jul 2022

I suppose we will know for sure on 26 Sep

[smithie6] 20/7/2022 16:52

Jpjp100

One of your 2 linjs is from January '21

& that is perf. data for some period in 2020.

Why not talk about 2018 or 2019 as well ?!

-----

It is now July 2022.

[llwynypia42] 20/7/2022 11:10

Looking to be very profitable in the circumstances. Sales up significantly over previous year whilst volume is up less, suggesting that margins are improving despite inflationary cost pressures.

[jpjp100] 20/7/2022 10:44

>Smithie6 Profit / EBITDA doesn't often feature in these pre close statements does it?

e.g.



This one does say "The Group delivered a robust full year performance in line with market expectations"

[spaceparallax] 20/7/2022 10:29

A tremendous TS, especially so in these difficult times.

[jpjp100] 20/7/2022 10:23

Fantastic performance for the year discussed in the trading update today.

I am especially pleased to see continuing active mention of targeted acquisitions.

Aside from Ultrapharm - which will be being dealt with - the other acquisitions have been chosen well & integrated effectively & efficiently.

Duffy and his team can run a bigger business and I think many large shareholders in potential target businesses will be looking at the FIF performance & thinking "we should chuck our lot in with them"

A deal could come sooner than some expect

Positive

[smithie6] 20/7/2022 08:42

The words profit, EBITDA are completely missing !!

Various mentions/inferrals of battling with labour cost, material, delivery cost & electricity/gas price inflation.

"...having to manage and adapt the business under exceptional macroeconomic and inflationary headwinds."

[thecroots] 20/7/2022 07:45

Wow. Great results

[spaceparallax] 28/6/2022 14:54

Just goes to show how manipulated the mkt is - Fif's financials are strong and their management has demonstrated impeccable handling over many years.

I'm happy to remain invested here and would caution against anyone getting involved in the trading game that averages very high losses - only the brokers and platforms win by taking a commission each time.

[wad collector] 25/6/2022 21:33

The biggest short increase in the FTSE this week, up 2.4% to 7.7%. Which itself is 3rd in the Short list only just behind Cineworld and Boohoo. That does not bode well.

[cerrito] 11/6/2022 16:46

I do not currently have shares in these but they are on my watch list to buy back on.
Lex in the FT pointed out that shares in the top US processed food makers-Kraft Heinz, Campbell, Kellog and General Mills-have gone up from 2.5pc to 9pc this year with the S&P down 14pc.
Kellogs and Cambells had av good first quarter.
Need to be careful drawing comparisons with FIF but does make you think

[smithie6] 26/4/2022 13:26

Since Dec. '21 the wholesale price of nat. gas (lse:ngas) has doubled !