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I think results will be good from the data news that i have gathering.
my hunch is we will get a final div of 1.6p or
1.4p to 1.6p final div with the possibility of interim div re-instated at next half year results!
With ever increasing interest rate, Pension liability will be reducing and possibly in surplus in all schemes.
This can only mean no need for further supplement to repair pension schemes! and the possibility of unloading the pension scheme to a pension management company.
On the last years earning we have dividend cover of 10, debt is now manageable so we can easily pay up to 3p in dividend. On this basis SP will head north of 150p
Assume an increase in SP to around 130p before the results and then a fall back on or after results day……any views anyone ?
Is on TV tonight. 8.00 on BBC 2
"Anyone got any ideas ?"
As I understood from answers to my questions during previous "Town Hall" event
1. PFD understands, that possibility of "global crisis" is high.
2. (in regards to 1.), PFD will try to maintain cash reserves
3. (in regards to 1.), PFD is charming possible creditors in case of need acquiring label of "safe heaven"
4. (in regards to 1., 2., 3.) PFD will be looking for strong, "under-valuated assets" to acquire.
5. PFD is looking for market segments to increase dominance so they can deal with big retailers. As an example, Ambrosia brand has significant price increase, but retailer brands can not have enough stock to compete Ambrosia out of market because it is Ambrosia who produces for them too. Tesco tried supplier in Belgium (before Brexit?), that did not end well and they are back to Ambrosia.
PFD shows how confident they are now to secure deals for future. I am not sure that you are the main target of the current news.
Sorry should read May 18th!
Well, some week's since a bit of excitement.
I am particularly looking forward to confirmation of exactly how much debt reduction has taken place.
Obviously they need some debt, but continued reduction, coupled with good sales, in an as yet, weaker than expected recession is going to tip this share in the balance of a strong buy at some point soon I believe. I have no inside knowledge, hoping to sustain £1.30 plus from next week. I also can't wait to see what business they buy next, baring in mind I didn't think the spice company was great value, but initial signs look good.Great BH weekend all.
Some pensioners are pegged at 5 % maximum increase! Bad for them not so bad holders
Ah, another mystery solved then. And I'm happy enough with my free shares.
Apparently if profits are outside the expected range by more that 10% either up or down they are obliged to issue an RNS. So I guess that explains it.
It does seem a little odd, but there must have been a reason for it. There's usually a cost involved in putting an RNS out there so I'm told, so would they have spent that money if they didn't have to?
Having said that, I did do a cheeky little swing trade on the back of it and scored for an extra 32 free shares out of it, so I'm not complaining.
Well a few days later Dogger, there has been world bank trouble, well 2 banks, over played by the media again and PFD shares slightly up.
End of year numbers, declared 2.5.23.
This business was once a very big player,10 plus years ago.
Like success for big football teams, it's all cyclical in my opinion. We have been creeping back to prominence quietly and last week, that spike must represent something in the back round.
I'm in for longer term anyway, I am convinced it will be up one way or another.
Cheers
They put out an unscheduled trading update……the SP shoots up to around £1.30 and a week later it is not far off back where we started.
What was the point ?
Anyone got any ideas ?
Bought the slice of last Tuesday back at 9.30am for *119p ( 130 to 119 = 9% )
Was going to stop buying anything this week until margin increased above my planed safety level .
Big market falls today Monday Ft100 hit two month low of 7500 (-2.6% after two hours ) this after the USA tec start up bank SVB failing Friday.
Surprising as contagion talked down over weekend .
Mentally easier for me buying back last weeks sales then looking for cheap shares elsewhere.
I saw after buying one of Motleys writers had similar ideas.
Harvey Jones wrote.
Banks crash. Stock markets fall. I’m buying cheap stocks
This looks like being a volatile week for global shares. It may also prove an opportunity to add a few more cheap stocks to my portfolio.
Aviva, Legal & General, BT Group and Unilever all look nicely priced to me. They could look even cheaper in the days ahead.
Can’t see any reason why they would, can you ?
Sorry wrong board. Should be JLP
https://www.independent.co.uk/tech/superconducter-material-new-breakthrough-electronics-b2296644.html
Wonder if this may have any bearing on new SP lows?
…….unless the takeover bid comes from Nissin
Yes, my thoughts were exactly the same……to make an approach more difficult.
However, with Nissin holding nearly 30% a takeover does seem unlikely.
I also noticed the net debt comment. As you say strange they haven’t taken further action there. Maybe saving a bit of good news for the actual results announcement ?
I just think the whole thing is very odd.
Yes, i wondered the same and have no knowledge of anything that could lead to this.
I did wonder if it was some kind of announcement to head off a takeover bid, be it hostile or not. A sort of "right, lets get this SP moving", to cover all eventualities quickly. The BOD might have an inkling of something. As mentioned, this is just a thought. I was also expecting SP to move upwards since the announcement, so that dispels that thought train.
Likewise maybe an effort to fend off a rumoured "Short target" situation, which could have dragged us down, in a prolonged fashion.
Of course i have no basis it is IMHO.
Anyway still looking to hold, grow holding, i still think this giant is waking up a bit quicker now.
The only concern i have, regards the debt, why only "still broadly in line". With such positivity, I would have paid off some more, we know they run with debt, but for me this is the only mill stone left ( and its not as big as it was obvs).
Look forward to hearing more news no doubt in the next month GLA.
I still don’t understand the timing of the trading update.
Did they want to boost the SP…..if so why ?
They have now lost about half of the gains. What was the reason for an extraordinary trading update ?
Never wrong to take profit but having bought in during the depressing days of Garby’s reign when SP was around 22p I feel this has much further to go. You can go without a lot in life but Food is quite essential !
Took another slice here at *130p was again a long term target, large 12% rise today , nearest last 6 months mid January 2023 at 116p.
October 2022 it fell back to 93p
Last took a slice here 27th July 2021 at *111.2p was again a long term target, must have broke a resistance then.
My bet is we are going have good statements regards to pension surplus
Dividend will increase by 50%
My forecast its worth more than £2++
Only snag that there is no possible takeover premium
Will we break £1.30 today ?
"Positive trading statement issued today. Would now like to see that positivity transfer to the share price. Continued good fortune to one and all. Rgds S"
Well I did say I would like to see the positivity transfer to the share price and it most certainly has. Certainly did not expect to see such a decent rise today but it is most welcome!!!!. Well done one and all. Rgds S