There is every intention to float the company - it has been a well known fact of the company strategy for many years and JF has stated this many times.
However, no flotation will take place until the necessary conditions to attract investors into the market prevail. There has recently been a move in this direction with a number of recent small flotations, but as the poster above states, the problems with the Irish economic bailout and the worries over Portugal and Spain have knocked investor confidence. Once again, I suspect the float has been put on hold.