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Hi ISA
This is always thinly traded, so small volumes do tend to move the price disproportionately. What will move the price more decisively? When hospitality reopens fully trade will returns to its old levels. In fact, FIF will probably take a greater share of the market, given some small competitors will have fallen by the wayside. If management have their wits about them, there should be some attractive acquisitions to be made. At the moment though much of the recovery is in the price: last year profits were down 17%, but we are already on a PER of almost 10, and the price is now higher than it was 2 years ago.
I hold and would like to add, but not at the current prices. Low 70s now seems a good place to buy. What is the target? That very much depends on the actions of management over the next two years. Small acquisitions, prudent debt management and the reintroduction of a dividend will all push the price up. This deserves to be in the 90s, and 100 and up is perfectly achievable. In the longer term, who knows?
Evening All
Been watching this share from a distance and over last few days there seems to be lots of 'relatively small' buys helping the SP rise. Is there anything that is or will increase the SP, and what's the target.
I have seen previous comments about reduction of debt and introduction of dividends however could do with some guidance.
Thanks in advance
ISA
Long term holder here. There seems little interest from private investors, although Paul Scott said recently on Stockopedia that the current price represented value. On a PER of 9.6 and the distinct possibility of a reinstated dividend when food service opens again, I think he is right. Hold long enough and it will hit a quid, but the low margins and company debt mean this will never be a top rated investment. I would settle for 90.
Thought the interims on 22nd were pretty good all things considered.
Debt coming down - total EV is around £120m (mkt cap plus net debt)
Uk coming out of lockdown over summer should mean a better second half. Maybe small investors aren't interested but I think (hope) this now moves upwards....towards a £1.
Anyone else following?
Recent share price recovery seems destined to continue with Christmas creeping ever closer .
Not much to look forward so let’s cheer ourselves up with a really nice fancy cake ?
Could be good news for Finsbury.
GLA.
A good update today with the BOD confident of growing profits. Good time to be tucking some of these away whilst they are cheap
I can't believe i bought shares in this scam company
PS. The list of institutional shareholders has some pretty good names IMV.
I can't see that. (Which means it probably will!)
So stupid, I can't actually remember why I bought here, and was looking today at selling. But the directors tend to be active in buying and selling, sold at 98p, and recently bought in again. After the results in September, when they were allowed, so not long back. This was the CEO and the FD: big fish, in this small pond.
Other plus points are the Quality rating on Stockopedia (I'm not great at analysis for myself), and it's very cheap, with a good divi.
I'm holding, but somewhat unhappily.
This will probably go down to 30p. Not making any sense
Ask the seller. It depends how low they are (probably Gresham House) prepared to go to clear their position. It's just a waiting game. Unless there are underlying problems with the company. Unlikely since Results were out just 3 weeks ago and were satisfactory.
I would like someone's opinion on low the share price will go?... Thanks
A good price to buy
I believe this share price is heavily manipulated. That's not good
Meant to add PER is 6.2 and price to book is 0.75. Value?
Preliminary results to end of June, announced last month said:
Debt c£32m (up 7.6%)
EPS 8p (down 14%)
Given there were three months of reduced/minimal trade this seems acceptable.
A week later wives of directors buy shares worth c£150,000 at an average price of c57p. Available today at 55.7p.
Good recovery play?
https://uk.sports.yahoo.com/news/stephen-boyd-group-finance-director-062304362.html
Positive Article:-
https://www.insidermedia.com/news/wales/finsbury-buoyant-despite-revenue-and-profit-slip
Latest partnership with Microsoft
https://www.licenseglobal.com/food-beverage/microsoft-gets-cooking-finsbury-food-group
One more week to go. This should rise
Beyond me why ppl are selling
10 days to go.. How far will this move up?
"The one analyst offering a 12 month price target expects Finsbury Food Group plc share price to rise to 109.00 in the next year from the last price of 57.20."
Share price should start to creep up as we approach Preliminary results on the 21st of September
Price of bread and cakes rises. How will affect finsbury?...
https://www.bbc.co.uk/news/amp/science-environment-53921121