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Sure, but what are the expectations of mgt, can’t see this stated anywhere?
From a sales perspective it was a flash in the pan, but remember the debt reduction that it provided. The benefits from that continue.
I guess it was too much to expect the sales growth to continue at the higher levels of covid, although still up on 2 years ago.
Funny how they now want to compare against 2 years ago because it looks much better, So was it a flash in the pan and can we expect the sp to go back down a little / lot?
Tried to do a late night shop yesterday evening at a large Tesco and Sainsbury's . Seeing stripped shelves , hopefully good for PFD. Good fortune, well overdue.
Very satisfactory. Profit for the year expected to be at the top end of expectations.
I am planning on attending today. Anyone else ?
Q2 growth last year over 2019/20 Q2 growth was +8.1%
It is possible to beat this in 2021-2022 Q2, international can play a big part to achieving this.
misread - possible in Q2 if a further lockdown or restrictions imposed, not possible in Q1
guided 5-6% after first 6 weeks sales over 2 years
"Growth over Q2 last year would be a massive achievement…..is that likely ?"
100% unlikely as the company has already guided 5-6% after first 6 weeks sales, likely to beat this as it will be an own goal if not higher.
I dont thinknthey will be stronger than Q2 last year, but would think they will be stronger than Q1 last year maybe. Expect sales to decline in comparison to last years lockdown numbers, but profits should be higher now debt is less. Depends on how the market see us. Profit rise and higher sales to Q1 last year when were not fully in lockdown all Q1 may see an increase in sales during this years Q1 lockdown .....maybe. back to 109 or 114 and i will be happy. Maybe an update on cape sales may see a boost as well. Pension update etc. Here's hoping
Growth over Q2 last year would be a massive achievement…..is that likely ?
Think we are caught up in the COVID fears, maybe more to do with production and distribution, rather than consumption. We get hit from all sides, expect friday to see a boost, and a steady climb today and tomorrow. Dividend next week, looking forward to it.
A poster on here pointed out a Moody's upgrade last year which made for interesting reading; I thought I'd see if anything had changed... and indeed it has,
https://www.moodys.com/research/Moodys-changes-outlook-on-Premier-Foods-ratings-to-positive-assigns--PR_446863?cid=7QFRKQSZE021
(if LSE mangles that link just google for "moodys premier foods" - the relevant article is dated 19th May 2021: "Moody's changes outlook on Premier Foods ratings to positive, assigns B1 to the new notes")
I suppose it was only time before we dipped under £1, good whilst it lasted. Waiting for the usual update drop at the end of the week.
sugar tax story was after yesterday's falls. I suspect just a lot more sellers over a short period time. Hopefully will bounce back to the normal 108 to 109p where there appears to be a big buyer who is mopping up the sold shares.
A lot will now depend on trading update next week. A test for the new CEO to see if he shows his high spending expensive marketing exuberance is working or NOT.
Could be related to the speculation about the sugar tax.
still beating the market, even with is fall. Looks like ASOS must be taking advice from Gavin Darby and blaming weather for underformance.
Bailed out for the time being with a handsome profit. Happy to trade this but for now I have moved elsewhere. I will be back if I can get in 10% cheaper.
Good luck all.
It’s easy to give it the biggen after a few rough weeks for a sector. You just better hope the phrase “lower sales than expected due to economy reopening and work from home reducing” isn’t used in the update or this will crater.
I know everyone has their own investment style but I’d rather invest in a company with 30-40% growth and oodles of cash to spend than in one that’ll call it a great year to grow 3%
I am assuming the growth monkeys are not have a fun time after ignoring PFD and indicating it was easy money elsewhere.
I can remember some-one saying they had 40 years experience in investment and can easily make money else where, at the same time waiting for PFD to fall to 70p. Good to het his or her view now.
Good for those who stuck with PFD
My next post will be in 22 days time
"the dividend has landed in my account "
“Sell in May and go away, and come on back on St. Leger's Day."
It’s very quiet on here. Just thought I would post this so that it’s not a full week between posts !
Daily Express
Food producers
Premier Foods 108 1/4 # (ex divi)
Long time since we saw that!!!!!!!!!!!