1 I would prefer a Bakewell Tart to a French Fancy. 2 Despite pension deficit and debts, there is still a lot of value in Mr Kipling, Ambrosia, Bisto and Oxo. If a cash rich company paid off the expensive debts, then they would get a solid return on their investment.Never say never.
Well back in summer 2013, it was an increase of 2-3% in group sales that effectively tripled the SP. From 60p to £1.80. This time round perhaps a similar increase would get the SP moving and we don't have to worry about a rights issue. Furthermore, this will become a genuine takeover target, for a private equity outfit, perhaps not a big food company. On the subject of sales, sauces need to improve and warmer weather won't do the likes of Bisto any good.
If Mr Kipling is up another 7%..... Following on from this in january:
Mr. Kipling was the stand-out performer in the fourth quarter, growing share, sales and volumes reflecting the benefits of its major re-launch in the second half of year in addition to a strong performance from its seasonal range and improved in-store execution. This, the Company's largest brand, reached its highest share position for over a year, delivered a retail sales increase year on year of 28% in December and sold more cakes in the run up to Christmas than at any other time in the previous two years
Then it is going to be very bullish on Monday.
I suspect charter and doom monger will be a little quieter this week.
Looking very good for a big open on Monday as this 7% is an increase on already stellar kipling figures. If just one of the power brands did the same we'd be back in business and over £1 come May results.
The data were more positive for Premier Foods, flat at 45.5p. Cake sales for the Mr Kipling owner rose 7 per cent for March, ACNielsen reported. Get orgasms just thinking about the kipling range on offer :)-
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