Finsbury Food Share Discussion Threads

[boffster] 22/9/2011 13:21

Sugar and Wheat ETFs really on the back foot today

[aleman] 21/9/2011 14:58

:-)

I wasn't able to find a similarly precise chart for UK wholesale butter although I found a few rough charts that showed it had peaked mid-year. I thought it was interesting that the price has basically been flat since February. It would not be unfair to say that butter and sugar are trading at the same price as last winter and wheat and oil are down. Granted, there were sharp rises last year but it makes talk of volatility this year sound excessively gloomy. Given that we have been told price increases are being passed on, it almost looks positive for margins. I suppose it depends on how supply contracts are negotiated.

[boffster] 21/9/2011 11:11

It was probably just milk when he started watching it.

[spaceparallax] 21/9/2011 09:42

Ale, I've heard of trainspotters before but a butter watcher is a scary new phenomenon.

[aleman] 21/9/2011 00:40

US wholesale butter price.

[spaceparallax] 20/9/2011 15:11

RGD have published today with pretty positive figures in a closely related arena

[aleman] 20/9/2011 14:27

That was over quickly. Wonder if it has been the same seller offloading over the last year every time he can get 25p.

[spaceparallax] 20/9/2011 14:03

I like it.

[boffster] 20/9/2011 13:59

Clearly the market saw your topping up as a bad omen Space!!

[jpjp100] 20/9/2011 13:28

remember what happened in the run up to the results last year?

17.5p to 25.5p in fairly short order

[spaceparallax] 20/9/2011 11:54

just grabbed another 15K - having to pay just shy of 27p

[aleman] 20/9/2011 11:47

That's the intraday high of a year ago taken out.

[boffster] 20/9/2011 11:40

In my opinion, after this recent rally we are approaching 1/4 to 1/3 of fair value :-)

[aleman] 20/9/2011 11:08

Share price has been lively since the golden cross last week. Trying for a 2-year high.

[spaceparallax] 20/9/2011 11:04

sp looking very positive again ahead of next monday

[exel] 17/9/2011 18:02

Thanks tv, I note 'net debt' of £36.5m at last (2010) year end, being a reduction from y/e 2009. A 1p div at this year's final stage would cost them just over £0.5m. I would guess they'll resist that temptation, but maybe give a nod towards the 2012 finals stage. As you say, we'll see soon enough. ex

[exel] 17/9/2011 11:58

I personally doubt a dividend this time around, topvest, given the negative net worth here - if you strip out (acquisition) goodwill. Like many, this is a stock that has borrowed against itself (in effect) to assemble itself. Debt reduction and balance sheet reparation would seem the order of the day, for quite a while yet. Improved trading (and hopefully much improved profits) and continued debt reduction would appear to be the route out/up from today's weak NTAV. As that process advances, and it may take some years, the share price may improve further, but I suspect there will be some buying opps along the way. I gained a foothold last week and will add on share price weakness (if any). I agree with you, "people will still want to buy their cakes in good times and bad". Thanks for all inputs above, very useful, ex

[topvest] 16/9/2011 20:32

Anyone think / expect a return to the dividend list with the results? Remember, Lonfin are keen on getting income from their investments. Has to be a possibility, even if just a token 1p imho. No expectation of a dividend, but may either surprise, or signal one next year? Either prospect would do the rating some good. At the end of the day, I'm expecting FIF to come good again. The company is well run and people will still want to buy their cakes in good times and bad.

[spaceparallax] 16/9/2011 12:03

I like it and am not surprised at the glowing article given your interest

[aleman] 16/9/2011 11:58

The headline and summary were:

Bad news is already baked in at Finsbury
- cake maker is coping creditably with elevated commodites and depressed consumer demand.


The negatives look more than priced in and a re-rating is long overdue, given Finsbury's growth scope in fragmented markets.

[spaceparallax] 16/9/2011 11:33

Cheers Ale, that would justify the rise.

[aleman] 16/9/2011 00:14

Got tipped in Shares Mag today. Basically said that it had headwinds but was oversold on a miserly p/e of 2.7 at 22.75 so buy ahead of results.

[spaceparallax] 15/9/2011 17:55

I've shifted a fair chunk into Bordeaux first growths red and white/yellow