Shut that D'Or! Finsbury have announced the closure of their Grain D'Or business. It will remove a loss-maker but sadly 250 people will lose their jobs. The bakery industry remains highly competitive.
In Line [link]
IN OK -- That's it - taken the plunge.The share price has my permission to rise from here.Do your stuff Mary BerryGames
NEW ARTICLE: Stockwatch: Deals will drive this share "Since January, when I drew attention to stake-building in this AIM-listed British potatoes and daffodils supplier LSEILroduce Investments, its shares have risen from 175p over 200p and notably, a new chairman is accumulating them up to ..."[link]
MARY BERRY new range to be launched New range of Marys cakes to be launched by Finsbury, could reignite growth . K.C.M.
Telegraph article, turnover goal £500m Good article in today's Telegraph. [link]
Snouts Snouts in the trough (see RNS today).ws
Not so sure... I am not so sure whether Finsbury will continue to prosper. Input prices may rise and sales of luxury cakes may falterwhen Brexit begins to bite. I sold yesterday at 137p, now now looking at Faripoint where the share price looksjolly low.ws
ahead of expectations... just Update from Panmure this morning, taken from Research Tree:"FIF has delivered FY16 results slightly ahead of expectations. The results attest to FIFs evolution, over the seven years of the current executive management teams tenure, into the UKs leading speciality baked goods manufacturer achieved through a consistent and unrelenting focus around: (1) customer/ consumer needs; (2) new product innovation; and (3) investment in a high quality asset base to drive low cost/efficiency and support operational excellence. The shares have been very strong recently (c.10% in the last month, thereby delivering +20% outperformance relative to the wider stockmarket over the past year) and have pushed beyond our 127p TP. Combining this with the lack of an upgrade to our FY17E PBTA, the shares may therefore pause for breath. We remain however very positive on FIF given: (1) its dominant scale to capture the available long-term growth opportunities; (2) its valuation discount (c.15%) to its small/mid cap peers; and (3) the likely M&A momentum/ optionality as an added investment attraction."
Analysis visual report on Finsbury Food Group This looks like a great income stock at 3.02% what are peoples opinions? I've been using this app [link]
NEW ARTICLE: Finsbury Food: Going on a diet "The Share Sleuth portfolio halves its holding in hot baker, Finsbury Food.Shares in Finsbury Food are hot. After years of consolidation when the company sold prized assets to pay off debt, it splurged in October 2014 on Fletchers, a ..."[link]
Re: NEW ARTICLE: Finsbury Food AGM: Trus... One wonders to what extent the can assist one another to big helpings outof the trough. In fact I personally do not even wonder.ws
Re: NEW ARTICLE: Finsbury Food AGM: Trust me... Yes you are right there. It is unacceptable that the press release deliberately obscures from shareholders what the exact criteria are for the share awards. Presumably the Renumeration Committee is too embarassed for them to be publicised in a press release. There are some good comments on this in Richard Beddard's article dated 26th November. Just for the record the secretive Renumeration Committee comprises just two people, Raymond Duignan and Edward Beale. Raymond Duignan is chairman but I imagine committee meetings are quite easy to run when there are only two people involved. I would call on institutional shareholders to express their disapproval of this aspect of Finsbury's business.
Shares awards The directors' shares awards (1.2m shares) announced today seem rather generous when put against the Company's profits. The linked Performance Targets are vague and to me feel almost intentionally unclear.Snouts somewhat quickly in the trough...?IMHO,ws
NEW ARTICLE: Finsbury Food AGM: Trust me, I'm a director "The bakerâs board wants to have its cake and eat it.If the opportunity to meet the board of directors, learn more about a business, vote, and perhaps see its operations is not sufficient reason to attend a companyâs Annual General ..."[link]