25 October 2022 - Finsbury Food Investment
The AIM-listed company has announced that it has increased its stake in fellow AIM stock Finsbury Food with the acquisition of a further 1.25m shares at 86p. This takes the group's holding to just over 10m shares representing some 7.7% of Finsbury's share capital. The company continues to have significant cash balances in the order of £80m whilst at the end of May net assets per share were over 19p. How the company intends to realise the inherent value in the company remains to be seen although another share . . .
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