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Nice steady rise over last month building to next Wednesdays results, time to Dyor. dont miss the boat will not stay under the radar much longer.
Don't buy the cakes buy the shares, PE and yild cover exceptional, added spice is an ongoing suitor. Whats the worst that can happen they pay the divs in kind yum.
Why the sudden interest on this share - I have been sitting here for sometime wondering if my investment was actually a wise move..............
28p
Finsbury Food Group plc ('Finsbury' or 'the Company') Statement Re: Preliminary Approach Finsbury notes the recent movement in its share price. Finsbury confirms that it has received a preliminary approach regarding a potential offer for the Company. The preliminary approach was exploratory in nature and the Directors believe that there is considerable doubt that an offer will be forthcoming from this party. A further announcement will be made in due course, as appropriate. Pursuant to Rule 2.10 of the City Code, Finsbury confirms that it has 51,200,288 ordinary shares of 1 pence each in issue and admitted to trading on the AIM Market of the London Stock Exchange (ISIN GB0009186429).
until38-40p should be a nice ride.
This is now looking very bullish
will jump soon, maybe today. Supply seems tight in the face of steady demand. Voodoo drums only.
if trading continues as in 1H, as a conservative estimate, taking in to account the higher cost of borrowing and a small further hit on IRS reval. A P/E 5 is too cheap. Divi may be cut. 1p still gives a yield of 6.5%. I see quiet improvement.
Welcome on board, and good luck. This can be a quiet share, though.
I opened my FIF account after reading the results, the day before your FIF comment on the DAV board. Bought more today (some of the "sells" are buys!. Oversold IMHO and going North soon. We can have our cake and eat it here.
Good news on RNS at 7am, begins as follws "RNS Number : 6680L Finsbury Food Group PLC 15 January 2009  Date: 15 January 2009 On behalf of: Finsbury Food Group plc ("Finsbury", "the Company" or "theGroup") Embargoed until: 0700hrs Finsbury Food Group plc Pre Close Statement Finsbury Food Group plc (AIM: FIF), a leading manufacturer of cake, bread and morning goods, is today providing an update on trading for the first half of the current financial year, prior to entering into its closed period. Group revenue was up 12% compared with the same period last year. The 'full year' effect of the businesses acquired during the course of the previous financial year accounts for 7% of this growth. The inclusion of an additional week's sales due to the current financial year covering 53 weeks, versus 52 weeks in a 'normal' trading year, accounts for a further 3% growth.
Anyone know if there's a January trading announcement this year (like 2007 and 2008)? Some recent blues showing on the trades and foods seem to be the in thing at the moment
i bought some of these a couple of months ago, not quite before its hit this bottom of 11p. I think it will recover. b sheet looks strong and they seem to have strong brand association
Why is this stock doing so badly ? Any tips?
On Friday 30th March 2007 there was a good set of result news regarding FIF the SP has moved up and could well be one to punt on for the months to come. Well worth some DYOR Finsbury Food H1 pre-ex pretax profit up 12 pct, says optimistic about future LONDON (AFX) - Finsbury Food Group PLC reported a 12 pct increase in first-half pre-exceptional pretax profit and said it is optimistic about its future prospects. The maker of premium cakes and breads reported a pre-exceptional pretax profit of 1.27 mln stg for the period to end December compared with a restated 1.13 mln stg previously. Its turnover rose 32 pct to 43.42 mln stg. Finsbury said its pretax profit before interest for the period rose to 1.74 mln stg from 683,000 stg previously. newsdesk@afxnews.com
FIF :- This stock has not be free falling .... 79 to 69p in 10 days or so is just fluctuation on this one that seems to be a slightly volatile stock .... when a stock drops 50% in a day then THAT is free fall. The last time this stock was below 60p was about a year ago so i don't know what you are talking about in the below 60p bit.
Does anyone have any ideas why this happened? The Apprentice - Not Alan Sugars