Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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one analyst has encouraged a return to FIF due to the better figures - have spotted that but failed to bookmark. it could be the first of a few to come? as for gluten-free, it is the act of a forward thinking management when they previously spotted cake sales were going to fall...so they invested in growth areas. gluten-free bread + cost cuts filtering through should keep up the numbers(and they already have, based on recent RNS digits). i believe these were the pre-emptive moves of the management to keep in profit throughout the downturn(successful). that's what i meant by a management that is acutely aware of financial position, market trends/moves. it's the same forward thinking management that predicts revenue to grow again in 2011, in the same RNS too. between PFD and FIF, i'd say FIF has a better chance of recovery. and a better history. but up to u, of course. =) also, take note FIF have had third party interested in buying them out too(but it didn't work out previously). with the Genius gluten-free brand now valued at £10m, current market cap is definitely too little.
Still mulling the figures, was a bit slow off the mark with IQE, numbers seem ok.. As for trends such as gluten free I remember Icelands pursuit of selling only food that was not genetic modified... not a good move. I have pfd as a recovery share but this seems primed for a swift move north... Itchy fingers here for a buy. :-)
some information on gluten-free food :- http://www.foodmanufacturing.com/scripts/Products-Q-A-Gluten-Free-Products-Fad.asp
from datamonitor :- "The gluten-free movement credit as it continues to strengthen each year. With the incidence of food-related allergies on the rise, things look good for suffers of celiac disease seeking products they can enjoy. Datamonitor’s Product Launch Analytics reports a doubling of new gluten-free products since 2005 with major consumer packaged goods companies now jumping on the bandwagon." Source: http://about.datamonitor.com/media/archives/3556
year end july 2009 :- cash balance £1.273m net debt £41.042m(including £14.6m due within a year) operating expenses(including one-off) £42.460m net debt to ebitda 3.9 interest cover 4.0 net cash inflow from operating activities £8.2m debtors £21.9m year end july 2010 :- cash balance £2.803m net debt £36.546m(including £13.5m due within a year) operating expenses(including one-off) £39.402m net debt to ebitda 3.3 interest cover 4.2 net cash inflow from operating activities £8.8m debtors £21.4m
year end july 2009 :- cash balance £1.273m net debt £41.042m(including £14.6m due within a year) operating expenses(including one-off) £42.460m net debt to ebitda 3.9 interest cover 4.0 net cash inflow from operating activities £8.2m debtors £21.9m year end july 2010 :- cash balance £2.803m net debt £36.546m(including £13.5m due within a year) operating expenses(including one-off) £39.402m net debt to ebitda 3.3 interest cover 4.2 net cash inflow from operating activities £8.8m debtors £21.4m
latest income earner for FIF :- http://www.geniusglutenfree.com/ not sure if u guys have seen this link but the guy really looks like einstein.
at basic EPS of 5.7p and previous dividend of 2.2p, the cover is 2.59 when the industry standard is 1.5. i'd say there is a good chance of that happening soon.... =) even if bought at 32p, dividend yield would still be at 6.875%. but ask price is currently at 25p so 8.8%....so if dividend is reinstated soon, these shares are currently a bargain.
Like the article JPJPJP. some of thse take a bit of finding. What else do you know about FIF it seems to be on the trend upwards. Lets hope that the shares have been bought long term and won't be sold the moment a small profit has been made!!!!
not directly comparable and not bang up to date, but about the most interesting piece I could find. http://www.crainsmanchesterbusiness.co.uk/article/20100107/FREE/100109952/1051/RSS01&rssfeed=RSS01
Anyone know why this has risen so sharply today??
This has got 'BUY' written all over it ... and I don't mean just the sp !!?? GLA Wooly
On the up lets hope for some dividend these were originally bought for their yield!
I have just bought in and I have a good feeling that these will start to rise after the results
nice little earner , http://www.foodanddrinkeurope.com/Products-Marketing/Genius-gluten-free-brand-is-worth-10m-reveals-Finsbury-Food-Group
again on the gentle up slope. Hope the dividend is back on the 30th the goldfish need feeding.!
nice to see interest in FIF picking up , IMO this share is a buy , do research and Im sure you would agree.
Are we going to see another share price rise in the run uo to the results like we did last year?
according to RNS today
in fact, given the background of the majority of the top team (GW, WT), might it be less surprising to some if FIF went private (via Bridgepoint) than anything else?
nicely muted TS, an air of quiet optimism I thought more focus on free from and speciality breads is a good thing imo and FIF needs to be in a position to participate in the leadership of these markets - maybe more acquisitions in these areas? interesting that Thorntons cakes did so well - that's a super premium brand that consumers like / associate with indulgence and, with good distribution, might do even better vs private label in future agree that some more debt reduction would be nice but, all in all, I think the new CEO (still less than a year in of course), has a good grip on what needs to be done and is getting on with doing it IMO Park is maybe just too big an acquisition to pull off now. You can be sure that Duffy et al know enough about Park to judge a good price, but why would they not leave it bumbling along where it is - surely its of very little interest to anyone else just now and I doubt Vision has been investing too heavily in it recently - and mobilise the firepower towards acquisitions in speciality breads and free from, they are the growth markets aren't they? I know they supply into France already so maybe that will feature in something sometime in the future too - Lightbody Europe SARL is in Rennes. It would be a bit of a departure from the previous activities of the board but hey, who knows?
Momentum buyers will be back on Monday. It looks like the week of the 7thJuly punters needed to consolidate their 40 to 60% gain. Oh! The fickleness of the market! Still they will be back for more cake on Monday and sell out again in 3 or so weeks! I feel the trend is now firmly upwards and time will tell when the turn round really starts to happen. The ladies at work are buying more cakes for sillier excuses it’s all about the little luxuries that keep us all going but don’t cost too much this year. So pile in and above all DYOR - don’t rely on mine. This looks like the year of the small affordable purchases not the TV sets and cars, so cakes should be “in”.
With reference to the statement below, if there depot is runing at 50% capacity, wouldn't this also point to plans for future aquisitions ? "Duffy also reported the consolidation of Finsbury's cake distribution in Scotland, with one central warehouse at Eurocentral, Lanarkshire, now handling all its products. The depot is running at 50% capacity with room for considerable further expansion. " Source : http://www.foodmanufacture.co.uk/Sectors/Bakery/Finsbury-Foods-is-open-to-acquisition-offers
Taken from trading update : "Negotiations have also been satisfactorily concluded with deferred consideration parties to reschedule some £5m due in the first quarter of our new financial year over the period to March 2012. This relaxes our cash requirements and improves our ability to invest in the businesses growth opportunities." With a history of aquistions does anyone else read into this that another aquisition is on the cards ?
This demonstrates a group managing a difficult situation well, and it is a message that the market is picking up on. Finsbury's shares are down by more than 25 per cent in the past year, but have put on 15 per cent in the past month. We would happily jump on the bandwagon. There is no divi, but the stock trades on a price-earnings ratio of just 2.6 times – it is still as cheap as chips. Buy. http://www.independent.co.uk/news/business/sharewatch/investment-column-all-bets-are-on-with-rank-groups-shares-2039040.html