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Buy shares of Finsbury Food Group, Midas advised in the Mail on Sunday. The cakemaker struggled after the financial crisis but it has strengthened its balance sheet and doubled in size by buying breadmaker Fletchers. The deal expands Finsbury's range and takes it into new markets, bringing a relationship with Marks & Spencer. It also has a growing place in the eating out-market. The plan is to bed down the Fletchers acquisition while keeping an eye out for other acquisitions. Finsbury should also benefit from falling costs for raw materials. The company is on a growth path and has a progressive dividend policy.
Recd in Midas share tips.
Strong start for Finsbury after bumper deal: Cake and bread-maker Finsbury Food Group said revenues grew to £57.3 million during the four months to 27 September, showing organic growth of 3.9% in the period.
http://www.iii.co.uk/news-opinion/richard-beddard/finsbury-food-has-cake-then-eats-it http://www.stockopedia.com/content/finsbury-foods-fif-food-for-thought-81039/ Essentially FIF is looking cheap on a variety of fronts but is clearly tricky to valuate in some respects
What is the word on the city streets in relation to EPS forecasts for current year ? Seems to be one or two larger sells creeping in over the last few days, do you feel that this reversal from 47p low is a genuine change in sentiment or merely a short term breather leading into results ... I took a small punt the moment I saw 20MA turn bullish ... I am tussling with when to close that position hence would be good to understand what data is out and about so to speak ! Nice blog by the way.. Dodgy photo though !
Comment may be of interest to others taking a look. http://www.privatepunter.co.uk/Companies/fif-22-february-2014
Not too long to wait until we hopefully get further insight into life without 'Free From' brand. 24th March is Results day .. Management might also update regarding current run rates and forward projections.
Nice of this director to advise the markets promptly of his share sales .... jeez, what else is being witheld / hidden ? There is a saying .... something to do with rodents and ships ...? Slippery slopes in here, all eyes on next update IMHO !!
I tipped this as a screaming buy more than once in the 20p's ... Unfortunately, I am now of the opinion that FIF will now drift back toward those levels over a number of months UNLESS they can reassure the markets that the new Group (without the free from brands) can deliver solid earnings ... I doubt they can !! Agree that there is a good chance of FIF being taken out by another company, although it maybe PE rather than a group (private or public). For me the future of this stock hinges on the next set of results - post disposal !!
I bought these in 2006 so have seen the lows and more recently the highs. When they reached above 70p I thought about selling but looked again at the fundamentals and decided to hold on. I still think this is a strong , well run company and in a good sector plus it looks ripe for being bought by a larger group. There is continual concerns about raw material prices going up but they have scope to cut operating costs , interest costs will reduce naturally and people still buy bread and cakes. The P/E is low and I believe the dividend will grow each year. In short I am holding on to my 50,000 shares but I do have a fairly healthy buffer at around 27p average price so am happy to hold for the long run and increased dividends.
Oh, I get it...........we all wait until sp gets down to 40p then we fill our boots. Or are bread and cakes a thing of the past ? (not in my house !!)
Market cap <£40m, shareholders funds £59m. Debt low and single figure p/e and yet the sp looks like it could retrace all the way back to 50p, where it was early last summer. Why ???
Due 23rd
The Company has applied for 361,804 ordinary shares of 1 pence each ("Ordinary shares") to be admitted to trading on AIM ("Admission"). The Ordinary Shares are being issued as consideration for the cancellation of options. It is expected that Admission will become effective and that dealings will commence in these Ordinary Shares at 8.00 a.m. on 7th August 2013.
See the Standard ran an article last night saying Ruffer had added 500,000 to their holding - then we get a 6% rise.
Peaceful here isn't it. Nice risexx
A directors buy two weeks before year end . Not sure if this is timed to be just before the close period when the directors are unable to buy but have a good idea of how the results are going to turn out. For me this is a great signal and already a 6% rise today but stilll low P/E
Thanks Riddlers. xx
We miss guite a lot,due to being at work or in bed after nites and .50 is brilliant,non of us expected that to happen,that was a one off and be carefull with them stop losses,they are for day tra ders...... Nite....its alright for some.lol.. 5 hours ta go.....
No 50's and not a lot of money but I was very happy. Not a big player like all you lot... I don't know how you work and keep track of them all. You must be in 40/50 over they week. Lights out. Enjoy you're shift. I do 10 days over 9, so off every second Friday. nitexx
I guess you mean you have 13 comps in your pf,ive got 32 az of today and itz murder trying to keep up....az for stop losses,ive never used one,if u mess up with them things,you can suffer az jibbrjabber found out with a year ago with that50grand stop loss... Ps,did you get wres when we all did in the thirties........
No... not at all. But I think Jange may have got his funds and his cakes mixed up. But you know I follow Janges every move. Had a disaster on WRES... well not a disaster but it could have been so much better if I hadn't got my limits and my stops mixed up.... doh.... I need training especially now that I've ended up with 13. Yes 13. Some are tiny of course like MOSB and SGZ - well you gotta. The fund looks good and looking for a wee fund at the moment. You know I like to spread myself about a bit. Off tomorrow, so have to get it down to 10 maximum. I'm not taking the p*** honest, but I did like the bit about the worshipful company of saddlers.
You tekkin the Michael..lol..
Nick Train began his career as an Investment Manager at GT Management in 1981, having graduated from Queen’s College, Oxford with a second class honours in Modern History (1977- 1980). He left GT in June 1998, after 17 years, on its acquisition by INVESCO. At his resignation he was a Director of GT Management (London), Investment Director of GT Unit Managers and Chief Investment Officer for Pan-Europe. He joined M&G in September 1998, as a Director of M&G Investment Management. In June 1999 he was appointed as Head of Global Equities at M&G. He left M&G in April 2000 to co-found Lindsell Train Limited. He is investment adviser to the Worshipful Company of Saddlers.
The net asset value of the Finsbury Growth and Income Trust Fund was 7.5 per cent in the three months to December 31st, according to an interim management statement issued by the company on Thursday. In the three month period, the company's share price total return was 5.7%. More recently, in the period following the 31st December through to January 30th, the company reported its net asset value total return was 7.5% and the share price total return was 7.0%. The trust, which is managed by Nick Train, principally invests in the securities of UK-listed companies with the objective of providing a total return in excess of that of the FTSE All-Share Index.