I studied this yesterday and put a "target price upon good news" of 15p on it, so I'd have bought at 2.6 or 6. But it sure woke me up!
STOB Well selected! What I can't figure out is why th SP responds so slowly on a stonking set of results compared to others with far more marginal improvement.
This morning's RNS states no final dividend this year but audits a NAV of £2.67 a share, so there's your (absolute) ceiling at present, I guess.
Welcome on board, and good luck. This can be a quiet share, though.
on ALD and not a movement in SP.
Thanks for the clarification
Can I just try something on you folks - my theory of US high finance. Here's a US corp which has over-borrowed to expand - bad business model. It has acquired a decent UK conmpany, and treated it as a cash cow. Now the parent company has found out the weakness of not actually doing anything for a living other than wheeling and dealing, and has been foreclosed. The bankers will want all the good working British assets they can get their hands on. So Darcyboy is right - do we know the rules on relisting UK shares in a good company when the parents have (deservedly?) gone t*ts up?
technical question - do MMs specialise in particular shares? If so, how do we know which do which (apart from trying to spot common rampers)? It could be that ALD or one of the others is currently getting these MMs' attention (and therefore ours) .....
DYOR but I've been in this since early Nov when they reckoned 30 was underpriced. Have been 90% down for the last 10 weeks waiting for this news.
Dai's listening too
Good input, coach. Drivers usually very accurate - more than fXXXXg accountants. IGood news - I've not got many ENN. Bad news - got BARC instead!
Cheers, I'll check it out and get in accordingly.
How do you check an NAV. Company website? And do you need accountancy training?
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've had a look at FWEB and basically like it. But the trades indicate that there's still a load of sells coming through, which should be putting our price to acquire DOWN. Also as I've said before we should all thoroughly distrust director purchase data because it's too easy to scam.
Now 25.5/27
Barclays sows 23/23.5
..... some b*st*rd WAS in authority. The rogues rule more or less unchallenged, in my observation. So it's up to us to spot them and rubbish their input for ourselves.
CC. is looking promising