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Finsbury is sending bullish signals.. Read article below:
https://simplywall.st/stocks/gb/food-beverage-tobacco/aim-fif/finsbury-food-group-shares/news/take-care-before-diving-into-the-deep-end-on-finsbury-food-group-plc-lonfif/
Another article which outlines why the share price is cheap.
https://www.fool.co.uk/investing/2020/05/27/which-share-would-i-buy-today/
Worgh a reda the article below:
https://www.investorschronicle.co.uk/stock-screens/2020/04/21/10-cheap-small-caps/
I can't believe people are not investing heavily into this company
Wow 79k buy
wass_mo "They similar in a sense they both make bread and cakes": like Hornby and Hitachi both make trains! But I agree this is a decent business and undervalued still. Though it is heavily indebted and thinly traded. It will take a year or two to see meaningful movement here. Results are due in mid-September.
Do you reckon this dog will ever move. Too many fake transactions
Should see a move today. As rules are relaxed and everything gradually returning to normal.
Holding strong. Shouldn't be long before we see a move up.
Someone has just purchased 1mil pound in shares. The share won't be cheap for too long. Up and beyond from here
Now the schools have been confirmed will be open in September for all children. This should be positive news for finsbury. Share price will pick up on that news
The fundamentals of the Company are healthy. I can only see a rise from here and making new highs.
Where did you get that information from?
and according to MMs all buys are sells,gla
This should go up hill from here. Easily up to 109p at least
They similar in a sense they both make bread and cakes
FIF and PFD are very different businesses, and are in very different financial positions. Same sector, but not really comparable.
Doesn't make sense why this is not going up like premier foods
Hi elb
Topped up myself too, in the usual tiny way. The claim by TOT today that the last six months have been "satisfactory" seems to be a good indicator.
The gluten-free products are indeed a big plus. I recently finished working in the" food service" area. Around a third of customers looked for gluten-free meals. This has always struck me as a pretty decently run company, but always priced about right or a wee bit too dear. Sub-60 seems very reasonable!
hi andsoforth.
Have just reviewed my portfolio and picked out my holding here for a possible top up.
What first brought me in was the gluten free part of the business - see this as a big growth area
This was bolstered by £25m purchase in 9/2018 which is why the debt is where it is
Believe that when things eventually settle down on the CV front sales will return
On balance at current price and with anticipation of returned dividend in due course I will make that top up
Also meant to say:
No posts here for nearly a year.
Price being depressed by Gresham House selling down holding.
Ruffer hold 19%.
FIF make cakes, buns and bread. As well as their own licensed brands (inc Disney cakes and Vogel bread), they supply to supermarkets, such as Asda. 20% of production is for food service (catering trade) and this has effectively ceased. There has been "overtrade in bread and pockets of weakness in cake" (what a lovely phrase!!) according to the update in March. Financially the net debt of £35m is not good, but credit facilities totalling £90m are available. The price is currently 56p, giving a trailing PER of 6. Could be a decent profit here in the medium term?
Nice update from FIF today and good to see second half sales up by 11.7%.
FIF is flying again today.Amy idea what's driving this?
Current sp!
Another director and a major shareholder both increasing their holdings. Clearly they see the recent drop as a buying opportunity. The yield at the current so is certainly attractive.