Finsbury Food Share Discussion Threads

[mrphil] 26/7/2011 09:04

Very encouraging indeed!

[this_is_me] 26/7/2011 08:40

It is good to see the turnover increase in a tough market. That means FIF is competing well against rivals and as long as margins do not vanish completely makes the long rerm prospects good.

[aleman] 26/7/2011 08:15

H2 revenue is £102.1m which is very nearly 20% higher than £85.4m last year.

[boffster] 26/7/2011 07:50

Yep, PFD would kill for numbers like that. Onwards and upwards I reckon

[topvest] 26/7/2011 07:43

Yes, overall an encouraging upate - good that they have extended facilities. These should be looking much better in a year or two.

[aleman] 26/7/2011 07:38

It is pleasing to have returned the Group to strong organic growth. However the challenging operating environment of the last few years continues to offer significant head winds, with consumer confidence and disposable incomes depressed for the foreseeable future. Commodity and cost inflation has been high throughout the year and again in recent months with no sign of relief. The combination of higher sales growth and savings from internal efficiency projects only partially offset these costs to date and operating margins have reduced as a consequence. Further actions to improve efficiencies and recover these and additional commodity costs with the help of our customers are already underway.

Overall we have traded in line with expectations and banking covenants whilst continuing to reduce debt levels. Existing banking facilities with HSBC have been extended from 2014 to 2016.

They've managed to increase turnover 13% and pay down debt despite high cost and commodity pressures pressuring margins. Turnover is up much more than forecast. Numbers should come very good if commodity increases abate. I've already highlighted the recent improvement in wheat.

[boffster] 25/7/2011 15:52

Would be nice to see sugar prices relaxing though, no sign of that at present.

[aleman] 25/7/2011 15:40

November wheat is still holding at a more sensible price. Spot hit £225 when this got dragged up to £200. Longer futures are now a touch lower but broadly flat at £150-165.

[aleman] 20/7/2011 10:59

Zetar results out - another confectionery company seemingly overcoming input cost problems. Shares up 5%.

[aleman] 19/7/2011 15:57

Updates have been Thurs, Weds, Thurs, Thurs for last 4 years. 21st or 28th would be favourites.

[boffster] 19/7/2011 14:39

Early in the last week of this month I am led to believe

[aleman] 19/7/2011 14:22

Did he say when the update will be? I've been wondering about ringing them to find out. It was end of June in 2007 and 2008 and end of July in 2009 and 2010.

[boffster] 19/7/2011 13:28

I was on the phone to Mr. Duffy the other day. Came across as a decent enough bloke. Obviously he couldn't tell me very much but I don't think we'll get any nasty surprises at the update, although he did mention continued pricing pressure as a result of high sugar prices.

[aleman] 19/7/2011 11:28

I'm not getting overexcited after the failure to hold at 23p but FIF has regained the 20-day average.

[aleman] 19/7/2011 10:40

Dairy Crest trading in line despite higher input costs.

[spaceparallax] 19/7/2011 10:25

anyone know what a contradictum is?

[aleman] 15/7/2011 17:14

I'm more than happy with well-reasoned negative posts as they might save me money. I tolerated your wild goose chases for long enough and am well known for having reasoned debate on other threads. It's disjointed, meandering, expansive, repetitive and misleadingly incorrect posting I don't care for as it wastes so much of my time trying to correct the inaccuracies and spoils the thread by interrupting the flow of other posters' debate.

[markt] 15/7/2011 16:52

19Wizard
careful.....they dont like any -ve posts here only positive ones allowed !!

[boffster] 15/7/2011 12:40

Are there any links etc you would like to see in the header?

[aleman] 15/7/2011 10:12

I've given up on him and joined the rest on the other thread, space.