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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

Finsbury Foods - Lowly prospective PE of 9.3

September 2006

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FIF
  • Price:
  • 75p
When new management were parachuted into Finsbury Foods four years ago with a brief to transform this former cash shell into a substantial cake making business, investors could have been forgiven for treating its me-too "buy and build" strategy with a healthy dose of scepticism. However, under the leadership of chief executive Dave Brooks, who we met with last month, the company has made a really good fist of it, with five acquisitions being completed so far. As a result, turnover is expected to soar to more than £75m in the year which ended 30 June, while £92m is pencilled in for the current year. A feature of Finsbury Foods’ development has been management’s ability to acquire cheaply. For exa ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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