Albert Fisher

Article Abstract:

Albert Fisher is a UK food company which as disposed of a number of underperforming businesses. The company has benefited from a rise in US demand for convenience food of a healthy nature, and has performed well in Europe despite intense competition. An increase in raw materials costs has affected the profits of the sea food business. The company's profit is forecast at 43 million pounds sterling in 1995 by BZW and Albert Fisher shares are seen as representing good value in Oct 1995.

All Other Miscellaneous Food Manufacturing, Prepared Salads, Salads

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Improving quality key to Albert Fisher's revival: a massive dividend yield suggests the market doesn't think too much of Albert Fisher's recovery potential. But if has sorted itself out the upside is considerable

Article Abstract:

Albert Fisher, a commodity food producer has become leaner, more balanced and better focused since its major reorganisation. It has divested non-core businesses and diversified away from commodity foods. Its continental food processing division performed strongly in the first half and its seafood business is expected to benefit from the expansion of its US business.There are concerns about the quality of the company's earnings which explains the low rating of its shares.

Finance

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Albert Fisher

Article Abstract:

Albert Fisher has ended a long restructuring process following the sale of distribution activities in North America. The company's operating profit has risen but Albert Fisher still has scope to improve profit margins. The company is less at risk from the weather severely affecting profits. The dividend is attractive and the share prices is cheap in Oct 1996. The company should see an improvement in earnings as one-off charges no longer affect results.

FOOD AND KINDRED PRODUCTS

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Subjects list: Management, Food industry, Albert Fisher Group PLC
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