Sample Foods plc (SMF)
- Opened
- 6 Jan 2026
- Avg entry
- 412p
- Cost
- £199.98
- Value
- £183.00
- Weight
- 18.5%
- Return
- -8.5%
Illustrative thesis. A slow-growing packaged-food business bought for steady cash generation and a covered dividend, sized as ballast rather than for upside.
Fictional company, used only to show a short first-draft thesis.
Why am I interested now?
A deliberately boring position: predictable cash flows to offset the more volatile software holding.
Risks
- Input-cost inflation squeezes margins faster than prices can rise.
What would prove me wrong
- The dividend stops being covered by free cash flow.
Sources
- Sample Foods plc annual report (fictional document) · Sample Foods plc
Thesis history
- 6 January 2026Original thesis
Published. The text above is the original and is not edited.
- 15 April 2026No changet0008
Final dividend paid and covered; shares drifted lower with the sector.
Doing its job as ballast, even though the price is down. (Illustrative update.)
Transactions
| Date | Action | Holding | Shares | Price | FX | GBP | Fees | Reason |
|---|---|---|---|---|---|---|---|---|
| DIVIDEND · 15 Apr 2026 · t0008 | DIVIDEND | SMFSample Foods plc | — | — | — | £2.10 | — | Final dividend. |
| BUY · 6 Jan 2026 · t0002 | BUY | SMFSample Foods plc | 48.54 | 412p | — | £199.98 | — | Opening position: steady cash generator, bought as ballast. |