Things do look good for PFD, let's see how it performs running up to the next update, I'm personally sold out but was emotionally attached to this in the 30's, sold out close to the 40s I believe. May look to add in upcoming weeks and months.
Takeover chances look promising, but might be a while away then and will depend on the performance of the company.
sorry, posted the last message on the wrong board. I still hold here but now post rarely. I am very happy with progress by management and strongly believe that Nissin will take us over in 2016/2017. GLA.
Sat next to a guy on a plane today returning from the Middle East after a business meeting with a bank. His job, as a software designer, was to integrate his companies "loyalty schemes" into the clients banking platform / websites. And he basically confirmed that it was, in his words, "a nightmare" to adapt his product to the client's different banking platforms. Often they sell the product then have a real problem meeting client requirements. I have the name of the co. but wont post it on here. It wasn't monitise but a company specialising in loyalty and reward schemes for clients, with parent co. in UK.
Hey Wolseley, Well I thought once, (back in the day) that I could play with the big boys. But after 30 years I know that fingers can get badly burned. I never invest more than I can afford to lose these days. My lesson was harsh, but when it directly affects yer pocket, you start to take notice and learn. Steady as she goes. PFD is solid, it's not going to the wall anytime soon. So, just sit and wait and if you can't then you broke the rule about not investing more than you can afford to lose. I learned the very ward way.
"immediate financial exposure is expected to be limited". Who pays these guys to talk nothing-Er, Er we do contribute as shareholders. To me this means the down side will not be too bad-but obviously this statement means absolutely nothing-I bet the author had a chuckle to himself; these guys will believe anything look what Dave and George used to feed the nation. The shares go up, the shares go down and somebody makes a little money each time; we cannot play as our fee payment are larger. A game for the chosen few. So my tip is-Upward motion is limited and a downward trend cannot be ruled out because of exposure to Brexit. I now await a call inviting me onto the board to practice my linguistic skills. I've probable board you here -see that's another reason why I'm a contender.-I'm holding my shares, but I don't know why.
Premier Foods (LSE:PFD) might perhaps seem an unexciting prospect, but it did get a few hearts beating in March when a takeover approach from McCormick & Company sent the shares soaring. It didn't come off and the price fell again, but Premier Foods shares are still up 48% since the bid, to 46.8p.
Today the company told us that Q1 sales were up 1.9% with the fourth consecutive quarter of sales growth. Worried about Brexit? Chief executive Gavin Darby reckons the firm's "immediate financial exposure is expected to be limited".
Expectations for the full year are unchanged, so at this stage we're looking at a welcome 5% EPS rise, putting the shares on a forward P/E of just 5.5. Year-end net debt stood at £534m, which goes some way to explaining the apparent undervaluation of the company with a market cap of £385m, but I think we're still looking at a decent long-term investment.
As expected good one....the good news are all in the current price,hence the no change in the SP....possible little drop in the short term,BUT. with the positive outlook there is every chance to see a steady rise towards the year end....if bid speculation will return then its party time...GLA.
There is an article in the mail today about US based Mondelez international trying to buy the licence to make Cadbury biscuits in Britain from Burtons. Now I wonder if they might be interested or made any play in buying the Licence to make Cadbury cakes from PFD. Might be something to watch for later.
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