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March 23rd will we get some more good news?
I agree hold or buy this share for dividend. Sold half my PFDs for the cost of my original stake so the other half is floating along waiting for... TSCO is disappointing looks like the punters sort it was 20% overpriced before the problem hit them -- Ah Well. By the way where do you do seminars?
Basically I don't fully understand WexBs calculations. I am afraid I look much more to the future than he seems to. Possibly because as an MD I learn from happenings and move on one cannot do much about the past just learn quickly and fix the processes. While I am not a day trader I do look to take profit where it appears safe.
Extract from Half year. Total Group sales revenues continued to grow significantly reaching £102m, passing the £100m in six months milestone for the first time. This represents organic growth of just over £14m and an increase of 16% compared with the prior year. The Group experienced growth across each of the Finsbury businesses. Both the UK Cake and Bread and Free From businesses saw strong growth of 10% and 8% respectively. The combination of these businesses accounted for just over half the total Group growth. Lightbody Europe, the Group's 50% owned joint venture export business, provided the balance with growth of 167%. As communicated previously, the second half and consequently full year growth rates will not be as high as the first half as the Group has now reached the anniversary of last year's new product launches, European contract gains and increased promotional activity levels
Had a look at Donegal Creameries. not on lse.co.uk but quoted on http://www.ise.ie/ and has an interesting corporate web site.
Sorry posted to quickly. 70p target with 3.5p divi would give 5% like most decent sized firms with good products and sales record. Think that makes more sense! I am awake now and wexford seems to under value others as well! Maybe I don't understand his calculations.
Think I am glad as the suitor was not offering enough for this excellent firm. The UK pence price seem sright now and I have converted my holdings buy costs to sterling now and the profit/loss seem right. Hope that as the dust settles a steady stream of mid to long term investors show up. It good to be quoted in sterling.
Happy days? PFD are up in at avg at 5.62p. RWD has been bought for 390p+div was in at 294p. TSCO stabilizing got in at 320p. GNC creeping up in average is €0.62. FIF moving up in at 28.5p. Looking for next punt divi 5%+ ish cap size bigish but buyable market opinion down for no discernable reason - arn't we all? Any ideas to research?
FIF now seems to have put much work in and recovered from the worst of its operational/sales problems. I think there may still be some politics rumbling; but I await the next results, which if good will hopefully put all right and restore the dividend. My "gripe", if any, is purely personal and due to buying in at 28.5 in September 2009 mainly as a pension dividend investment!!! - I TOTALLY missed the boat and consequently they are not a much loved investment; however patience may well be rewarded. DYOR as ever. Regards MJB
HI Guz - This document is essential reading the link below should work. http://lt.morningstar.com/tsweu6nqxu/globaldocuments/document/documentHandler.ashx?DocumentId=34144426 I agree that the tax info at the end is interesting also for UK Shareholders. Think the link link you gave got corrupted!
Happy New Year maybe the buyers come in when the dividend is very good for a "safe company" and that is gradually making the market very thin and the sp really jumps when more than about 6000 shares are bought in a few mins. I got in at 290 ish and am equally disappointed with 240ish BUT I believe all is well and that efforts are being made to bring costs down. The Tesco low price issue can't last forever as there are other firms that want milk and if they can find enough friends the milk price will be squeezed up and the SP with it. Don't forget their other large customers. DYOR and have a prosperous new year.