Do not agree with a word you say hovis is a great brand no chance if these being broken up 3 years ago I may have agreed. Short term I still it dipping but in a year I would expect at least a two bagger.
Management are taking the right steps they just need to get very friendly with Aldi & lidl
you felt my earlier post in which I said Hovis could perhaps, one day be sold for £400. Was crazy? Well I feel you are not in a position to discount something in the future until the future unfolds!!! In any case Gores would not invest in Hovis if they did not feel there was something to gain.
Nice to see pi's buying into the weekend helping us close at the days high, 10% rise today giving an overall rise of 15% for the week, I'll take that every week thank you very much. Long way off break even though so lets hope it continues
Selling the stake in Hovis was exactly the right thing to do under the circumstances. Whilst retaining a major stake for Premier it's opened up the possibility of the sorely needed major investment in plant and marketing that will surely accompany Gores' involvement. Hovis is a superb brand but Premier simply didn't have the funds to capitalise on it because of the amount of money it needs to improve decades-old plant and sites. Hovis' new management team and Gores' guiding hand and investement should prove to be a win-win.
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