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Believe their could be a buyout on the cards. Ruffer LLP seem to be dumping and DBAY buying. DBAY were involved in the Caretech buyout a while back. Hoping for a takeover at a premium to current sp.
Anyone know what's happening here?
4 x 2.2 million plus 1 x 2.0m share blocks traded this morning at 87p
On level 2, ask is showing 88p, bid 87p, but of course they are both a buy and sell at 87p.
Funds dumping / acquiring but for what reason???
Investec produce positive report today. Suggests "buy" with target of 108.
Steady as she goes, seems the message. The return of the dividend is also a marker of a steadied ship. Yesterday's down market meant the rise here was restricted, but the magical pound mark (of which I was sceptical) is now in reach.
Group revenue up 2.3% to £313.3m.
· Adjusted Basic EPS (pence per share) 9.1p (2020: 7.9p).
· Strong cash generation driving down net bank debt down from £26.5m to £13.1m
... on Monday 20 Sep.
Evening Ands
Agree all looks positive, next step is to break through that 100p barrier!!
Key fact here is "revenues for the year increasing 2.3% to £313.3m (2020: £306.3m), which is almost at pre-pandemic levels (FY19: £315.3m)". Given the continued collapse in food service this is an incredible performance. Debt is also down by more than a third.
Very well done to all involved.
From my perspective I think the shares are cheap and will appreciate well over £1
The trading statement was extremely bullish with the prospect of dividends and further debt to be paid off.
Most markets are ultra competitive and following lockdown last year I believe FIF is well positioned to prosper!
Guess we will see in July……
Raw materials inflation may be hard to pass thro to the supermarkets; equally food service sector still re-emerging after Covid. Given the wafer-thin margins this is all about sales growth but I still can't see what the fundamental case for buying it is, much as I am trying. Can anyone suggest?
Margins, ROE, and ROCE all look dismal. What am I missing?
94p paid. Not hard to see why - 'Trading in the second half of the financial year has been strong and the Board now anticipates that Profit Before Tax for the full year will be no less than £15.0m, ahead of current market expectations.
In the light of the expected performance and the current outlook, the Board plans on reintroducing the payment of the dividend for the financial year ending 26 June 2021.'
93p paid - looks good for further rises based on yesterday's excellent RNS - £1 here we come!
Brilliant news and great to see things coming together!!
Very encouraging news, particularly for shareholders in London Finance & Investment Group which at 31 : 12: 2020 held 6,000,000 shares.
Great update today - £15m ahead of forecast and a divi for year ending June 2021 will be paid after all .
A quid may not be as easily reached as you reckon. Hospitality will take time to recover, and the thin margins here mean this company will never sit on a premier rating. The PER is currently at just under 10, and that seems very reasonable to me. It has more frequently been in the 6.5 to 9 range. There is still work to be done here, but I hope were are in pretty capable hands.
Yeah. £1 is easily attainable as the economy recovers in the next few months.
I think it is just profit taking, to be honest. People are seeing far more exciting things out there, like imaginary coins. Bread and buns can push out very little adrenalin. Don't forget the price moves quite noticeably here on quite small volumes.
I only sold half, and that through sheer necessity. I think we should have a wee bit more to go here.
Andso, looks like you chose the perfect time to sell.
Any thoughts about why the drop??
Tried to buy on Friday and could only get a negotiated trade. Ended up selling a few, as need cash for bills!
Have the MM's ran out of shares or large buy order in, can sell as many as I like at 87.77 but I can't buy a share on EQI trading platform???
Is anyone else experiencing the same problem?
Another tick up soon, however think MM's are holding off till they get as many as they can under 88p
Looks positive!!
I think this share must be seriously undervalued, and with the country getting back to normal the price will continue to rise!
There is still demand for our shares and someone is happy to soak up my shares at 87.77 today. (not selling)
How long till it get's back to a £1??
I notice on ADVFN there was talk of debt being repaid whilst bring back dividends hmmmmmm
Any thoughts long term holders or others?
Thanks andsoforth
Really appreciate your thoughts, i have also been wondering about these relatively large trades over the last few days. The SP does seem to be gradually rising so fingers crossed now I have taken a position ??