Fuller Smith & Turner Forum

it's up on researchtree

Panmure published a note this morning: "Fuller’s has reported FY results for 52 weeks to 26 March 2016 with strong trading in the period. Total revenues increase by 9% to £350.5m, driven by managed LFL sales growth of 4.8%, PBT increase by +12% to £40.9m (PGe £39.5m) giving EPS +13% to 58.35p (PGe 55.0p). Current trading has slowed to +2.7%, beer and cider volumes -5% although this is impacted by short time period and calendar impact. Additionally, the company has purchased an addition 25% stake in The Stable post year end, bringing the total to 76%."

Increased my holding just before the new year @ 932p, so loving this leg up. Agree w LKH on the general investment thesis. Happy to hold this one for a long, long time with (literally) the only significant downside the low yield...

Great results, no leg down from here...

@LKH - Completely agreed. Best luck to their shareholders, but extremely ill-advised. I'm not sure they should have gone there at all, but if so - not at that price. Our gain as FSTA shareholders long-term as we'll likely be picking up some tactical fire-sales later when they get pinched against the wall

Value relative to peers is a tough comparable given very different dynamics between each one is virtually every category (growth expectations, debt leverage, asset value (given the property angle), free cash flow, etc. This did get ahead of itself last year on 1020p - but at low 9's a rather good entry barring downside surprises on the HY results in 2 weeks

Getting quiet again, but may well be a good time to buy some shares at this price

Agreed LKH. Greene King would be ill advised to strike. Better let Spirit keep twisting in the wind and tactically pick off a nice under-priced asset here or there.....which is the essence of how FSTA is playing it. Overall FSTA I think will go from strength to strength in an understated way.....we shall see. I just topped up last week

Quite shocked to see -- but MotleyFool has picked up on FSTA. Not a bad thing mind you and the initial analysis I read was positive and accurate - but was surprised to see a Small Cap on their radar

agreed it is annoying, but not losing sleep just yet! Proud FSTA shareholder as well. Both my partner and I have a very significant holding on this one.....this is one of our few buy and holds