Share Name Share Symbol Market Type Share ISIN Share Description
Finsbury Food Group Plc LSE:FIF London Ordinary Share GB0009186429 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  -2.50 -2.67% 91.00 125,829 11:39:45
Bid Price Offer Price High Price Low Price Open Price
90.00 92.00 93.50 90.50 93.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 313.26 17.01 9.80 9.3 119
Last Trade Time Trade Type Trade Size Trade Price Currency
17:10:30 O 9,000 91.00 GBX

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Date Time Title Posts
19/1/202214:01Finsbury Foods - A Sweet Investment?2,254
15/9/201712:40*** Finsbury Foods ***1
01/12/201418:52Negative Aspects about FIF178
23/1/201210:24Finsbury Food-Growing-Acquisition Hungry-Time to Buy?1,738
13/7/201112:48Finsbury Foods - A Sweet Investment?-

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Finsbury Food (FIF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-01-28 17:10:3091.009,0008,190.00O
2022-01-28 16:15:1290.668,2437,473.10O
2022-01-28 16:13:0790.66492446.05O
2022-01-28 15:52:4191.502,2162,027.64O
2022-01-28 15:52:3290.988,0007,278.40O
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Finsbury Food (FIF) Top Chat Posts

Finsbury Food Daily Update: Finsbury Food Group Plc is listed in the Food Producers sector of the London Stock Exchange with ticker FIF. The last closing price for Finsbury Food was 93.50p.
Finsbury Food Group Plc has a 4 week average price of 90.50p and a 12 week average price of 90.50p.
The 1 year high share price is 102p while the 1 year low share price is currently 70.50p.
There are currently 130,383,361 shares in issue and the average daily traded volume is 60,508 shares. The market capitalisation of Finsbury Food Group Plc is £118,648,858.51.
jpjp100: Even as a shareholder, I would have accepted the company being hit harder for the pollution of the river. It disappoints me that has happened. The Pre close includes encouraging pointers to the foodservice business coming back to life well & the overseas business hitting decent turnover numbers too. Overall I am still here because the management team is top notch & the industry needs more consolidation. I think the current FIF Board has the appetite to do at least one more decent sized deal and to integrate it successfully. I watch with interest.
smithie6: https://www.bbc.com/news/uk-wales-59999761 Memory Lane Cakes (part of FIF I am sure) fined, £26k + £13k costs, for polluting river. ---- "Asking for any fine to be proportionate, Mr Rootman told the court that the company, which employs 850 people at the Cardiff site, had a turnover of £70m but made just over £700,000 in profit - around 1%. "It's a very low margin business," he said."
jimmywilson612: hxxps://www.bakersjournal.com/uk-chocolate-sales-weather-recession-well-2490/ During the last recession (2008) Sweet treats & gambling I seem to recall held up their sales. People like rewarding themselves, and will continue to buy 'sweet treats' even during bad times. Also, FIF make alot of celebration cakes. As a parent - I will forgo ALOT before a childs birthday cake for example.
smithie6: yes but many of FIF products are optional treats cakes, mini cakes, special breads etc if they inflate in price (& people also have less disposable cash to spend, due to increased costs of petrol, electricity.. .& everything else) then perhaps people will buy less treats/cakes made by Finsbury no ?
jimmywilson612: Hi Smithie, All good points and yes you were right - the figures I quoted were for last year, not this year. In response to your price increases, I agree. Inflation is tough work in food at the moment, but its an industry wide problem and not anything related to solely Finsbury Food. This is also happening in multiple channels, and not just Wheat, Flour, Sugar etc. hxxps://www.mintecglobal.com/top-stories/evaluating-the-impact-of-recent-inflationary-pressures-on-the-uk-food-industry (From the article above) Chicken - 11.8% Increase Beef - 10.4% Increase Dairy- 9.9% Increase ( 70% Up from the lows of 2021) Rapseed Oil - 81.3% Increase Onions - 21.4% Increase Nuts - 17% Increase Packaging - 60% Increase hxxps://www.youtube.com/watch?v=8sZus9ZI_1o - In Finsbury latest announcement to the market, on the Q&A - they have a 12 week period to announce price rises to their customers. Often, they work in collobration when increases are happening to raw materials. Finsbury food has focused alot of work over the last 2 years to optimise performance across their businesses. I think this market - scale will gain you market share. You've seen with Tesco - announcing above market expectations for example. Plenty of high growth categories for Finsbury Foods - Vegan Cakes, Free-From Ranges, Organic Ranges & Artisan ranges. 50% of their business is within cakes area, often under licence agreements (Such as Disney cakes etc). Whilst prices will be increasing - brand powers of their ranges will mean they SHOULD be able to pass prices onto Retailers & Customers alike. Net Assets would include Goodwill due to them being a highly acquisitive business BUT they have strong relationships with lots of customers and feel this is an intangible asset. Strong retailers need strong suppliers to cope with the demands of the sector at the moment (product availability being a key one).
smithie6: this website says that TNAV is 17p/share a long way below the share price of £1 so don't think that the share price is supported by real nett assets, as you infer. It is not. ----- "with profit for the year being no less than £15M." I completely disagree. In the last accounts & in any trading update since then there is no profit forecast that I can see. There might be a forecast from different analysts, but not from the company, not that I can see. There might have been a forecast during the last financial year, for last year, not this one.
smithie6: AGM statement ....inflation, drivers etc "We have responded quickly to mitigate much of the impact of these challenges through commercial negotiation and other initiatives. " so, they have been affected but no numbers for how much they have been affected ---- via 'negiotations' & other initiatives (some stuff they will struggle to pass on quickly to selling prices imo...."much of the impact" shows that some stuff is not getting passed on) but how quickly do those allow FIF to increase its selling prices to supermarkets ? if contracts get re-negiotated every 3-6 months for input cost inflation then it hits profits. if it is every week (impossible imo) then some input costs inflation would not have any impact ---- some things will not be negiotable imo, such as internal wage inflation, otherwise FIF could just increase all wages by 20% & not see any -ve impact from supermarkets, obviously impossible. (although an index for UK wage inflation could perhaps be applied, if supermarkets agreed to that; but supermarkets are famous for screwing down their suppliers on prices
smithie6: so, gas & electricity prices have stayed high minimum wage is up it is difficult to find cheap foreign workers, & this is causing problems in many factories. in meat/animal processing, some live animals are shipped to Europe & then the packaged meat sent back to the UK there are not enough drivers to drive delivery trucks ---- All looks negative for Finsbury & yet today the share price goes to a new short/medium term high. Why ???!
smithie6: nat. gas price now doubled on my monitoring portfolio & leccy price is also sky high so, personally I'm surprised that the FIF share price has kept going up
spaceparallax: Sadly, it's a share that, despite its rock solid performance during recent difficult times, is subject to the manipulative vagaries of the mkt that yield substantial share price drops on the back of modest trading and modest rises from substantial trades. FIF share price bears little relationship to the Company's financial performance.
Finsbury Food share price data is direct from the London Stock Exchange
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