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@Pernix. Agree with most of what you said with the exception of your M&S bit.
They've peaced a lot of people off over their Christmas ad and if half of those are serious about boycotting them, then their sales are gonna plummet.
Not that that effects us on that front though IMO, as all they'll do is pick up that food they were gonna buy from them elsewhere, Morrisons, Tesco etc.
Agree Good Results. Premier Shares Re-Rating is stuck as always is lining up the ducks 🦆 The issue is there is no special situation with Premier Foods. It’s a consistent deliverer but other companies swings are better or deemed better capital share returns. The share brokers have higher and higher targets for Premier Share Price but never reach these or get near to them. It’s Premier’s Management need to unlock shareholder value. Spin Offs, Special Dividends, Joint Ventures with Big Boys, Outright Takeover of Premier Foods or New Distribution Country Markets. That’s going to boost the share price moreso.
Will we get a re-rating on the SP this time ?
Yeah, Premier Shares - No hurry to pick these up. I clawed back £16K loss swung to £1K Profit on my latest shares trade today. I will wait for a fall in Premier Shares price. Maybe a 17% upside from 113p lows is quite rapid, breather will follow. I think 140pence will take time but surprise events may accelerate the share price. My feeling is that other companies like Marks & Spencer will have superb Christmas sales. It is the one to follow. With buying on share price weakness. Everyone best of luck with shares investing 🤞
Hi Leather
Remember no divi declaration tomorrow…..unless they decide to go for an interim. I suspect not having just spent £34m on an acquisition.
Having said that, I agree with you that a re-rating is long overdue and will happen soon…..which is why I have kept two thirds of my holdings.
Having said all of that…..I have been wrong many times before !!
Well D and P, all credit to you for putting your money where your views are, with the recent selling.
These boards usually have a lot of people with "after the event" declarations. I think there will soon be an element of profit taking, but for once i can't agree with you. Either way won't make much difference to us I suspect, I am pleased to say, basically we all want it to just take the next positive step, dividend increase, continued ( if not accelerated ) increase in SP. Maybe i will tip my hat to you in the morning, until then have a good evening.
Dogger: I agree and I too sold a lot of shares today. With today’s shares action as food indices flat, maybe they will fall tomorrow. There is nervousness of Premier results tomorrow not impressing, any negatives etc … Premier shares not move much today. Premier Takeover likely coming but nobody can tell when this will happen.
I agree.
I have sold about one third of my holding in recent days on the assumption that they will fall back after tomorrow…..as they historically have done.
But I am retaining the other two thirds in case of a takeover.
Yes, I wonder if 140 ‘s pences soon for Premier Shares?
At some point Premier Foods Takeover or Value Creation Unlocking Coming. That should propel the share price even higher.
Likewise agree with P & D
I also think we are in the area of not hot or cold but the right quality food bracket
I also see nowadays, we do less of gimmicky promotional offers which only mean we selling what the public wants!
I think we will be putting out a very firm positive results with ever increasing FCF and debt reduction.
I would like to see interim (special) dividends re-instated, this only make SP go up as more funds will come onboard.
Only reason we don't have a bid premium is due the large holding of Nissin otherwise likes of ABF/ Unilever or any large European or US company would love to have our portfolio of quality food
Theleather1: Yes, watch tomorrow’s share price action. The US Stock Markets are pumped up on interest rate cuts. Pump it up action coming around World Stock Markets.
Yes D' and P', this is what would have happened, but i am full of optimism there has to be a tipping point, the other way. We are at it now, i expect a quick progression myself, based on food retail results, all of the food sector really.
I am really surprised the terrible recession brigade have so far NOT been proved right. Its a crazy situation really with food bank demand, plus the likes of M&S sales going mad. Either way the demand for food has not receded it seems to me.
Fingers crossed.
Yes I can see Premier Shares to their year highs. The FTSE 250 powering ahead. Premier shares 131p now. Still tomorrow is a biggie too before Thursday half year results.
Premier Shares are on a shares squeeze, move higher up. They were far too oversold and now payback. Just the food sector shares lately, those doing well, are at all time highs. Associated British Foods and Marks & Spencer examples. Premier results are going to shine so they will follow. Still very cheap share price on P/E’s of less than 10, a decent buy Premier Shares I would say.
£1.13 on 27th October. Now £1.29
14% increase.
Partly due to acquisition announcement and also pre results increase.
If history is repeated the fall back will start on Thursday.
Any views ?
Maybe Share Stock Sqeeze. These Premier Shares were sold down so much. Upside demand for Premier Shares may shoot up the share price bigger percentages. That’s what normally happens as shares squeeze upwards takes charge. Premier shares price is propelling upwards for sure !
Yes Premier’s got the knack for buying great companies lately. The latest is in Breakfast snacking growth market. Profits will keep surging ahead. I can see Premier shares go back to the year’s highs again and much more beyond. This reflects stock market confidence that interest rates have risen enough for now with inflation taming slightly. Premier’s huge cash flow, accelerating profits, sales, with debt reduction, dynamic growth strategies, proven new management, people’s and expertise makes this a Bid Target. Usually as interest rates stabilise this is when the slide rules come out for company takeovers. Here’s hoping!
Up She Goes, Premier Shares. M&S yesterday results boosting the Foods Sector. Maybe Premier Foods Dividend will increase to compete. Hope so. Looks like Premier Food shares will break 130 pence mark soon.
Results are the same date this year 16th November.
Expecting a slow increase in SP over the next couple of weeks followed by a fall back after the results.
That’s what usually happens…..will it be the same this time ?
Does anyone know when the results coming out
last year it was 16th November, so should be out in the next two weeks ???
or is there some exciting news to be released for the hold back !!!
That M&S have got themselves into with their ill thought out TV advert.
The last thing any company needs is bad publicity heading towards a major peak trading period with huge numbers threatening boycotts. Not good.
Yes Premier’s got the knack for buying great companies lately. The latest is in Breakfast snacking growth market. Profits will keep surging ahead. I can see Premier shares go back to the year’s highs again and much more beyond. This reflects stock market confidence that interest rates have risen enough for now with inflation taming slightly. Premier’s huge cash flow, accelerating profits, sales, with debt reduction, dynamic growth strategies, proven new management, people’s and expertise makes this a Bid Target. Usually as interest rates stabilise this is when the slide rules come out for company takeovers. Here’s hoping!
And no dilution
Agreed. It sounds like another sensible acquisition which will open up new opportunities for PFD.