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Premier Foods Share Chat (PFD)



Share Price: 39.50Bid: 39.30Ask: 39.45Change: 0.00 (0.00%)No Movement on Prem Foods
Spread: 0.15Spread as %: 0.38%Open: 39.90High: 39.90Low: 39.25Yesterday’s Close: 39.50


Share Discussion for Premier Foods


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bistolover
Posts: 549
Opinion:No Opinion
Price:37.15
2reincarnated
Today 15:18
so the ''hate Darby brigade can sell and run''

shouldn't this say the darby lovers sell and leave with him, then buy shares in the next company darby works for, but after this no-one will want to hire him. This is not looking good for the darby or his lovers.
 
bistolover
Posts: 549
Opinion:No Opinion
Price:37.15
i have been also saying this
Today 15:11
Oasis is critical of Premier Foods CEO Gavin Darby, saying his lack of management capability is to blame for the company’s weak earnings and stock prices.

Oasis said the stock price of Premier Foods has fallen 34 percent since Darby became CEO in 2013. Questioning his leadership and management capability, Oasis, known as an activist fund, demanded that Darby resign.
bistolover
Posts: 549
Opinion:No Opinion
Price:37.15
what will nissin do
Today 15:06
remember nissin suggested they buy batchelors, but darby opposed it.

https://www.japantimes.co.jp/news/2018/06/24/business/corporate-business/oasis-fund-urges-nissin-foods-oppose-reappointment-premier-foods-ceo/#.Wy-kM6dKjIU

At a recent news conference in Tokyo, Oasis Chief Operating Officer Phillip Meyer said Premier Foods has not achieved adequate corporate value. Noting that Nissin Foods has significant voting rights, he urged the company to oppose Darby’s reappointment or abstain from voting at a shareholders meeting slated for mid-July in London.

At the request of Oasis, a public relations official at Nissin Foods said the company declined comment.
H-hi
Posts: 3,093
Opinion:No Opinion
Price:37.15
RE: Immediate removal
Today 13:11
Not sure if we got rns of the stakebuild to 9.3%! Darby played us all with the last results, i don’t believe the numbers as they were much better than anticipated but he failed to tell us in advance. He doctored it only to strengthen his position because of Oasis stance and possible revolt. We need a smaller auditor as i don’t trust kpmg and other big liars. PFD must be audited by a no nonsense auditor.
H-hi
Posts: 3,093
Opinion:No Opinion
Price:37.15
Send email to Oasis
Today 13:04
I got a very nice reply which was down to earth and not some usual robotic AutoResponse crap. They really want every shareholder to ramp up the pressure on Darby! Darby can’t be sleeping well and not sure he really wants to go to work tomorrow. Let’s keep the pressure on him via Twitter tomorrow.
H-hi
Posts: 3,093
Opinion:No Opinion
Price:37.15
RE: Oasis
Today 13:01
oasis needs to ask McC for help here if PFD is still something they would like to add to their portfolio. A big company is needed to reduce finance costs and gut out the entire useless overpaid executives. Replace them with managers who have close relationships with the real workers at the manufacturing and distribution hubs. Screw the dumb execs!
2reincarnated
Posts: 3,373
Opinion:No Opinion
Price:37.15
RE: Oasis
Today 12:37
ie build up your stake and ''join forces'' with Paulson and PSG. If Nissin think GD is working for their interests, but feel he may be ousted and the new CEO may accept a bid like the one from Mc Cormick, they may then start topping upto 29.9%. We must appreciate the 20% stake is a ''blocking stake'' and if Oasis, PSG and Paulson work together holding 20% may not be enough. The SP would rise to at least 65p if Nissin build to 29.9%, so the ''hate Darby brigade can sell and run''
H-hi
Posts: 3,093
Opinion:No Opinion
Price:37.15
Immediate removal
Today 12:34
(Reuters) - Shareholder Oasis Management has called for the immediate removal of Premier Foods (PFD.L) Chief Executive Gavin Darby, raising the pressure on the company ahead of its annual meeting next month.

Oasis, which said it has a 9.3 percent stake in Premier, said current CFO Alastair Murray should take interim charge, supported by the company’s UK Managing Director Alex Whitehouse. It urged the company to seek a new permanent chief executive from outside the company

This is even better, July 18 is way too long for dr evil to be in charge. He has been given so many chances and time to improve the company but he focused solely on excessive pay / bonuses and issuance of bonds at super high yield for his mates.
2reincarnated
Posts: 3,373
Opinion:No Opinion
Price:37.15
Oasis
Today 12:32
Put your money where your mouth is.
dogscott
Posts: 471
Opinion:No Opinion
Price:37.15
RE: Sunday Times
Today 12:31
GD going unless he or Nissan reveal good news very quickly. My frustration is that he and his cronies had been so well rewarded for utter FAILURE !
H-hi
Posts: 3,093
Opinion:No Opinion
Price:37.15
RE: Sunday Times
Today 11:58
Bisto,

Any dumb person would do a better job than Darby, plain and simple thing to do is to put the company on the market. American, Japanese and european companies have too much cash and are looking for growth to support their sp. premier foods has the brands but needs slight upgrades, job cuts, cost cuts along with cheap refinancing......a defensive play like PFD shouldn’t have any bonds yielding more than 3%.
bistolover
Posts: 549
Opinion:No Opinion
Price:37.15
RE: Sunday Times
Today 09:33
meant to say debt level as not changed much since. Darby has a get out of jail card which is to sell 49% hovis for £100m, or get £100m from rhm pension scheme, else he should be kicked out without a penny more.
bistolover
Posts: 549
Opinion:No Opinion
Price:37.15
RE: Sunday Times
Today 09:27
as it is the times, I would have thought they would have communicated with oasis, so must be a good representation of oasis thinking.

So now the market cap is less than the money raised at the rights issue 4 years ago and the debt has changed since. How many free shares has the management had, They should not issue even a single free share to any manager until we got 65p, or the share options are at a buy price of 100p, darby must go immediately, no doubt there, the finance director can be actng ceo.
dogger
Posts: 261
Opinion:No Opinion
Price:37.15
RE: dogger
Today 09:24
Someone mentioned on an earlier post that Nissin can’t vote at the agm because they are on the board. Is that correct do you think ? Also I would very much like to know what the Oasis strategy would be if they did get GD removed. Who would they suggest as CEO, and what would the strategy be ? Also what part do Nissin play in all this ?
Interesting times
oldtimer
Posts: 5,227
Opinion:No Opinion
Price:37.15
dogger
Today 08:44
Some article that and all very true, interesting that the sunday times has Oasis down as having 9.3% and not the 8+5 mentioned on say interactive investors site.
Now sure what is correct now, but if it is 9.3% even more clout and bigger voting rights.
H-hi
Posts: 3,093
Opinion:No Opinion
Price:37.15
RE: have faith in oasis
Sat 18:20
The chairman is über dumb to be squaring off with a big shareholder with 8% stake. The overpaid and useless directors have lost it, they are mere workers and should be judged by their results. The bastards are overpaid, overcompensated but still think they can have their job for life. No way, let somebody different make those free money, Darby ain’t that smart and any new ceo can’t do much worse. Darby is hiding something terrible, the reaction and response to the offer was very suspicious. They should have been so happy to attract a bid but the bastards knew they won’t have a job anymore. Greedy bastards with multiple directorships can’t let this sorry company be run properly.
H-hi
Posts: 3,093
Opinion:No Opinion
Price:37.15
Lying bast***
Sat 18:10
Always shaking like a leaf during presentations, they must have gagged analysts from asking him about his failure to improve sp close to the McC offer. He keeps launching crappy products on purpose........same guy that worked for top companies like Vodafone and Coca-Cola?
H-hi
Posts: 3,093
Opinion:No Opinion
Price:37.15
RE: rns
Sat 18:07
Darby works for his friends in the city........bondholders, share manipulators and advisers. Darby should be sacked by the board, the chairman needs to be removed as well for backing a bastard that is bent on screwing shareholders. He chased McC away then slept with Nissin. I don’t care as long as he keeps the sp close to McC offer. He lied about growth, he should be sacked instantly and all those free juicy shares should be clawed back. FCA needs to investigate him as well.
max19
Posts: 2,378
Opinion:No Opinion
Price:1.54
RE: 1.54...
Sat 13:51
Don't mind it as the rest of my portfolio is worth few hundreds millions now...handed my notice,and going on holiday...:-)
guttedman
Posts: 45
Opinion:No Opinion
Price:1.54
RE: 1.54...
Sat 12:55
Gave me the shock of my life this morning that sp......
oldtimer
Posts: 5,227
Opinion:No Opinion
Price:37.15
bistolover
Sat 12:54
You could probably do a good job , but I don't think you have big enough pockets to hold all those free / cheap shares that go with this job.
I would just be happy to get back, what £1.50 a share and then all would b forgiven for now.
guttedman
Posts: 45
Opinion:No Opinion
Price:1.54
RE: sp
Sat 12:52
Yeah what's that about??! They don't seem to like him in charge but now appear to not want him go either! A no win situation for us all sp-wise...
Personally mind, I want Darby OUT!
bistolover
Posts: 549
Opinion:No Opinion
Price:37.15
have faith in oasis
Sat 11:21
oasis are for the shareholders and will do what they can to improve shareholder value. Darby will line up his pockets and also his friends, he has shown complete contempt for small shareholders.

The market has only re-acted to what premier board have said, oasis have not yet released there plans, we will wait for these and then see where the share price goes.

The chairman could have contacted oasis first to ascertain their concerns, but went straight to defending darby. If the chairman gets feedback that other shareholders also want darby out, then he will change his position very quickly.

The chairman should also contact potential buyers whilst he is doing the rounds. I am available for the ceo role, but he does not have my number.
max19
Posts: 2,378
Opinion:No Opinion
Price:1.54
1.54...
Sat 10:55
Typically here,even after a glitch we are massively down here whilst others gains hundreds and thousands %.....:-(




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