George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Goes up. Pfd goes down.
Goes down Pfd goes up
Business as usual then.
For the week.
Covid woes , inflation concerns…..
However we are not looking bad ( sp ) and of course we are in peak season selling , which is reducing the debt down further and towards product development
https://www.kamcity.com/namnews/products-promotions/premier-foods-adds-to-oxo-and-paxo-ranges/
Think this calls for a mince pie
Yes, you would think that PFD would benefit from all the covid doom and gloom….but it doesn’t seem to work like that !
Surely they should postpone the sugar tax especially with the tidal wave of omicron coming ( as Boris ) put it .
People need some distraction , “Oi Boris , leave our sweet treats alone “
( Perhaps he needs the extra tax towards the wetting the babies head party )
GL all
Why the divi pessimism? Basic/Adjusted EPS figures for FY 2019-20 were 5.5p/8.9p, for 2020-21 were 12.5p/11.2p. Whilst so far that's being spent on company purposes like getting the debt down (and a 1p dividend for 2020-21), that situation won't last forever. As the company regains its financial health I'd expect an increasing proportion of the EPS to end up as dividends.
Let's be honest here, any divi will more likely be only 1p-2p for years to come and that's not really a good return is it.
I think it's a mistake to value companies purely on the basis of their share price and thus market cap: The other important factor is any net debt, thus I prefer to think of a company's overall cost to an acquirer as its Enterprise Value (EV) which factors in the debt. On that basis the cost to an acquirer probably hasn't changed much, since as the share price (so market cap) has revived the debt have shrunk, and important aspects of the debt have been simplified, esp. PFD pensions.
Whilst I'd prefer not to see PFD taken over (I look forward to a long term steady dividend stream), that remains a risk, and probably more so with the company's financials now being more straightforward.
The trouble is we have been talking about this for the last 2 years, infact 2 years ago someone could have taken over PFD when the SP was what about 30p-40p and many of us thought then now is the time but nothing came of it.
If many of us could see the debt pile would be down to this level 2 years ago why couldn't another company, I guess there is always someone out there that should be interested but if they still are why would they now wait until the sp hits £1.25 +, I guess it goes to show we know nothing. But who knows 1 day !!!!!!
Holding strong
Surely this is a win win now …
( Another long Xmas looks to be on the cards for PFD & paying down more of its debts and expanding or a safe takeover target for another overseas investor group ) Which could add a target
price of + 42 % to the sp ?
( still good value at that )
GL all
Brilliant news NotBot , looks very impressive indeed.
Things have come a long way since I worked for Premier foods back in the 90s !
Oh and on my travels the other week noticed shelves full of Mr Kipling after dinner orange fancies in Lidl in Leamington Spa nice to see the budget supermarkets selling our products
This calls for a cup of tea and one of the Kipling mince pies with custard
GL
https://www.thestar.co.uk/lifestyle/christmas/worlds-largest-mince-pie-factory-in-barnsley-south-yorkshire-run-by-mr-kipling-opens-its-doors-3481062
or in case that link gets squished, search for the title of this post to find it. Nice to see PFD products being made.
Requires some kind of message first. For example, PM says "There is absolutely no reason to start panic buying and stockpiling food. Everything is under control!"
Only with a couple of hundred quid, but I may well buy more at a later stage.
I was in here a few years ago, but things seem on the up at last.
Exactly what I was thinking
Thought Pfd was supposed to be a “covid stock”…..why are we down on covid bad news ?
https://www.bmstores.co.uk/products/bisto-gravy-boat-gift-set-353011
It’s been a major turn around and a result for the firm. Lock down fundamentally boosted PFD enabling it to reduce debt and reinstate a modest divi. I was also slightly deflated on Tuesday. It’s now a longer term play for the patient rather than a day trade.
Just a thought Green. How many RNSs have we seen over the last few years of recovery where more shares have been created for employee or executive LTIP schemes. One might ask why the staff benefit but the owners of the company don't. . Share and share alike eh?
disappointed with no interim div
expected more !!
I agree with you……but the hard reality from the boys in the city is “Premier Foods H1 profit falls on reduced pandemic demand”
Shares down 5%………That’s the real world unfortunately
Because last year was so exceptional year with lockdowns and therefore people cooking more at home, it seems sensible to compare with two years ago. It would be like saying England are the best team in the world because they won 10-0 last night. Everything has to be put in context
On that basis we are moving the right direction, debt has been considerably reduced, revenue is up, profit is up. Overall steady performance.
With the idea of comparing the results with two years ago.
I understand why they do it, but doesn’t it show some lack of ambition ?
this must be something special to cost this much. 5 biscuits for £2
https://groceries.morrisons.com/products/mr-kipling-indulgent-biscuits-triple-choc-5-pack-570064011?gclid=Cj0KCQiAys2MBhDOARIsAFf1D1dHHhhc4wevgh-Op5ix529eRs56Fmd4ZeCj4kzVfnay9auQeDMkQS0aAnLqEALw_wcB&gclsrc=aw.ds
Feels a little flat but what we're we expecting, was not going to be anywhere near like lock down levels.
We need to also take on board the issues with logistics, driver shortages etc. This may also have played a part.
If I'm not mistaken it's also the summer trading and we do far better during the winter months.