Ok so the figures sounded OK, but the share price today looks
very temptingly cheap - down to 93p last time I looked, it has
been up there 150p or so, and pays a divi.

So anyone hold these and if you do, what's your views?
I'll dig out the share price chart and paste it up in a mo..

Not bad today - it's the only rising share I have in a list of 21
so far today - time will tell I think...bit like the weather!

Time to bail - I agree with SueHelen. This is going to fall further and break the current lower resistance points - I wouldn't get back in unless it drops to 70 p or under. TA is very negative.

Sue Hellen is a very respected researcher in my book.

I bailed bar a 100 shares after the results for 1H.

Make you own mind up, but I agree with the above two comments.

Well I'll stay in for now - not because I think I know any better then
those who have posted above because I know I don't, I'll happily admit that.
I'll stay in because I sometimes invest on a contray basis/against the trend,
if my instincts tell me it may be worth doing, plus if needs be I can hold
them for as long as necessary and (importantly)my exposure financially is not huge in this stock. If it goes 'belly-up' which I don't believe it will, but
if it does, I can write it off - I wont enjoy doing so..but it can be done.
In short - what you say makes perfect logical sense, but I don't always
trade on logic alone.
(However anyone else reading this, follow the guys above not me!)

Questor (today):-

Best to give perishing Big Food Group the cold shoulder

For investors, BFG has proved not so much of a Big Friendly Giant, more a Big Financial Grind. The acronym stands for Big Food Group, and the company owns the Iceland and Booker chains.



Bill Grimsey, who has been in charge at the company for three years, took on a mammoth task when he started at the business, and there's not much evidence that he's anywhere near the end of it. The company was chronically underinvested, and even though he's having some success refurbishing the Iceland stores, it's a race against time, because the ones that aren't refurbished are continuing to decline at a massive rate.

Iceland is also having problems in the competitive environment, with the takeover of Safeway by Morrisons and Sainsbury's coming under new management. These prompted yet another bad trading statement from the company earlier this week, which many interpreted as a profits warning. This is an occurrence with which shareholders are becoming familiar.

Booker is also struggling, as the figures this week showed. Analysts moved to trim their forecasts and few could see a bright spot at the end of the tunnel. Supermarket competition will increase, not decrease, and although the company is continuing with its refurbishment and cost-cutting plans, frozen food is becoming a less popular choice for many shoppers.

The shares, to be fair, don't look expensive at 82.5p this week, compared with well over 150p early this year and 346p in 2000. They trade on seven times forward earnings with a prospective 4pc dividend yield. However, there's no indication that the shares are out of the ice age just yet and they are best avoided.

joe,i will hold mine long term,by the time my oldest goes to uni,,,they mite be on 2.00.

i`ll just have to wait 10 years thats all.

Ivester Chronicle have BFP as a buy, maybe oversold?

You will possibly find as many that will agree with it being oversold as will
not agree on here - seems everyone has a view on BFP which is either /or,no-one is luke warm or neutral on it - go with your own thoughts and instincts
as there is no general concensus on this one!

I know that trends don't go on forever. If they did, everything
would either go to zero or infinity. But this chart gives the perspective
on the bounce we are experiencing.
This may be the bottom, who knows? But why should it be?
Trend is still down until it stops.

Nothing has changed. Competition and margin squeeze is still there.
The debt isn't going away and the profits to service the debt, or indeed
provide scope for growth, are still coming under pressure.

Melnibone.

up 8.70% now, not to bad is it!

Not bad but let's not tempt fate just yet....(lol)

For you guys, will appear in the Independent newspaper tomorrow :

Big Food Group soared 7p to 93p on talk that Baugur, its biggest shareholder, is pushing for the company to break itself up. The Icelandic retailer controls 22 per cent of BFG's shares and was said to have vetoed its plans to buy Londis earlier this year. There were also vague suggestions that the value food retailer may attract a bid approach following the recent weakness in its share price.

Same peice in the Times.

Nothing like a bit of bid speculatiion to bring in new support

All 'donations' (comments, spectulation etc) are welcome when it comes to an out-of-favour share!

Times 30/7/2004

Big Food Group kept adavancing, up 1/4p to 85 1/4p on talk that Baugur its 22 per cent shareholder, could back a break up management buyout for food retailer 140p. Although such a proposal is said to have been mooted, it is not thought to have found support from Bill Grimsey, chief executive, or Bill Hoskins, finance director.

Oh thanks for sharing this SeaWall Walker - and we shall sit and wait and see
just when we got our discount cards etc too - now how typical and ironic
would that be!! (lol)

stockbunny I p[honeed my broker on the day and one was ent out arriving to following day. (Does that make sense???)


Seems they hold a load of blank ones issued by BFP.

Try yours and demand it!

You have shares if memory serves both on paper and in a nominee so either way there should not be a problem.

Yes I am waiting for mine to come through - via the paper deal.
Be interesting to watch and see what occurs...