Finsbury Food Share Discussion Threads

[s34icknote] 04/5/2011 21:08

May be 50 K sells . i smell the usual go away in May herd appearing !

[aleman] 04/5/2011 16:46

Strange to see such a fall on the day oil, wheat and sugar prices fell and the prospect for rate rises grew more remote.

[spaceparallax] 04/5/2011 12:43

tree-shake

[s34icknote] 03/5/2011 17:26

This is Following PFD up !

[boffster] 03/5/2011 15:31

two ~ 100k trades reported, worked buy?

[jpjp100] 03/5/2011 09:28

will the chart theories hold water this time and see some continued increases into the 30's?

[spaceparallax] 03/5/2011 09:11

Sp on the up again

[aleman] 29/4/2011 01:02

Boffster - YELL will multibag if turnover starts to level off so we know the debt will disappwear and management start to look like they know what they are doing. This has yet to look likely. The debt repayment was to be expected based on cashflows, even though shrinking. I don't see what has changed except some shorters who were shorting it unnecessarily harshly have perhaps changed their minds or some new buyers have been encouraged. Most of the shorters are still there and will stay there if turnover keeps falling. It still looks very risky, with huge potential upside but chance to go bust or be restructured. I will be watching for results with interest to look for moderating turnover and/or maintained cashflows but I don't see the debt repayment as anything special. I still think it is undervalued for now but don't expect much movement.

[s34icknote] 28/4/2011 21:51

On the move!
If we accept £5 million reduction in debt each year and the business stands still we will have debt of £21m in three years time.
If earning s gradually increase say 8-10p ? share price around 80p ?
300% return !!! average say 100% a year !
Not bad if it goes to plan!!

Thoughts on this welcomed.

Sicknote

PS 20 p to 25 p since i joined thats 25 % in weeks !
i,m happpy holding.

[boffster] 28/4/2011 18:49

Aleman, sorry for the O/T, what is your opinion on YELL after today's upbeat statement? Sorry for asking on here but the YELL board is like a zoo as you will know

[aleman] 28/4/2011 17:23

Quite a lot of horizontal resistance possible around 25p to overcome if you follow the red line of today's close. (You would have to check volumes to see how strong this could be.) The downtrend resistance has broken and the break upwards out of a 2 year triangulation looks significant. This often precedes a quick jump to the top of the triangle but there are several intermediate uptrend lines to break to get there so it would probably only go in stages, if indeed things turn positive. A backtest of the 200-day average at 22p would be quite common but there is a trend line at 23.5p that would also be a nice backtest point before further progress. With all the moving averages now rising, there could be a golden cross in a few days, which regularly precedes or just follows a significant jump upwards. This does not constitute a forecasts and I make my living from fundamentals but I think some charts are pretty. (Bear in mind, I find statistics an interesting science. :-) )

[spaceparallax] 28/4/2011 12:57

Intriguing inactivity today - almost like a standoff

[aleman] 28/4/2011 12:27

I've been surprised over the years how illiquid small caps do follow some chart patterns over the longer term even if they don't move on a day to day or even hour to hour basis like big blue chips. I don't trade on charts or averages. I'm a fundamentals investor. But I do sometimes let chart patterns influence the timing of buy or sell decisions I've already made. I think it's definitely added slightly to my gains over the years and compounding that little extra can add up to a significant amount.

[jpjp100] 28/4/2011 12:11

If the share price can hold this level until today's close, it will make a nice chart, even though its not really backed up by decent volumes.

Whether that actually translates to further share price increases remains to be seen of course and is by no means certain, but it has to be better to have a positive chart than a negative one doesn't it?

[aleman] 27/4/2011 20:54

Moving average charts look nice but chart showing falling resistance being broken is even nicer. Will post that later.

[jpjp100] 27/4/2011 16:48

I am no expert chartist but I recognise the potential significance of a close at these levels (above various moving averages) and also the potential significance of a reinforcement given by a repeat close above those levels tomorrow....

fingers crossed.

[spaceparallax] 27/4/2011 16:19

A few late sells seemingly mopped up with little impact on today's gain.

[spaceparallax] 27/4/2011 15:35

Your patience and resilience are admirable.

[boffster] 27/4/2011 15:32

SP, at one point I had a lot of RGD, and whilst I made a good profit on them, I made nowhere near what I could have if I had had bigger cajones! I think the investment case here is even more appealing so I'm going to sit tight and be brave for the moment. I'll have a look at your tip anyway.

[spaceparallax] 27/4/2011 14:59

as we speak, the graph is trying to go more vertical

[spaceparallax] 27/4/2011 14:58

Well, perhaps it might be wise to slide a few into something else e.g. ATD, which is languishing at the moment but will deliver results tomorrow, after which I think we'll likely see a significant correction. Have a look.

[boffster] 27/4/2011 14:54

SP......

too much. :o)

[spaceparallax] 27/4/2011 14:50

That is unusual - someone's clearly desperate for them. I know you've got a load, but what proportion of your portfolio do FIF take up?

[boffster] 27/4/2011 14:45

I am quoted 24.8p for selling 50k, and 24p for selling 250k. That is very unusual. Not that I am even thinking about it though (quite the opposite)