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Keith Hamill, non-executive Chairman, acquired 266,666 Shares on the morning of 28 March 2018 at a price of 37.4p per Share. First why would you buy shares if you knew the results are going to be bad or worse than expected and the sp would go down after the news, you wouldn't would you, but if you knew the results are going to be better than expected, well that's another matter. This clearly is in the closed period and against the rules, but he must think it's going to be worth paying a hefty fine if the results are good or better than expected and the sp rises a lot more and the profit on 266,000 shares is going to be greater than the fine. I guess the rules are against this but it's all down to how big the fine could be vs a profit gain. This could be an interesting few weeks.
3 news items to assess what is happening 1. chairman buys in a closed period i.e the chairman knows more than other investors so in in breach of stock market rules if good news materialise later to get the share price higher. 2. oasis breaks deal to stay on board 3. grocery sales in general doing well, especially cold weather food see link below https://www.talkingretail.com/news/industry-news/grocery-sales-survive-beast-east-04-04-2018/ what can we conclude from this. are the results good or bad bad news reasoning : chairman would be in trouble with fca if he is seen to profit from insider knowledge, oasis ****ed off due to grossly under-forming board, so will pressure board from outside to breakup with nissin getting batchelors. Although the company says they are meeting expectations, nobody knows if this includes lower profits than last year as they never release what expectation is. good news reasoning: The chairman will be under investigation for doggy share buying as darby is hiding good news so his friends can buy shares cheaply.
zedy, sorry you lost faith and understandably cashed in at a loss. glenglen, I do not suspect that Darby and co have a cunning plan to destroy the sp, for the benefit of their friends and cronies. My frustration is that they are paid well and deliver nowt ! I simply can not understand how the major investors allow them to continue unopposed. Oasis, have finally given me some hope ? Also the lower the sp goes, the greater the risk of asset stripping sharks closing in (this time twisting GD will not be able to fight them off). Otherwise, GLA and hope you are able to weather this downward run.
a few more shares for darby's friends
Had enough, bought this twice now and sold at loss again. No confidence in management. GLA
monday 17th feb 41.5 monday 26th feb 40.3 monday 5th mar 39.5 monday 12th mar 39.6 monday 19th mar 37.45 monday 26th mar 37.7 tuesday 3rd apr 37.5
The ceo has everything covered so believes he can't be caught, probably got friend in high places who have been given handout of cheap shares to keep things covered up. A book may be written in 20 years time on how he is asset stripping the company to benefit his friends.
Ladies & Gentlemen Reading the posts from all and references to Darby and Chairman and basically the board wanting to drive down the SP so they can buy us small shareholders shares/panic us/et al conjures up to a simpleton such as I: 1. this is not in the company's best interests 2. thoughts that the Board are manipulating the SP for their own benefit With the above in mind should we not ask the police and SFO to investigate? JUST SAYING............................
ok the results were not spectacular but ok, since then you would have expected at least 45-50p, but the fall suggests something is going on.
The chairman must be planning to buy more but need to get the price lower so more small investors panic and sell to him.
dary's master plan is working to rid small pesty shareholders of shares he wants his friends to have. His next target must be 30p, then 20p etc
Almost 20% down since start of the year. Well done Darby & Co.
But the problem is they are not dong anything, neither selling or buying. If the SP is being driven lower, we should be seeing some volume which we are not. If they intend to sell, they would be doing something to get the SP up. Just wonder who would buy their stake?
SP opens at 36.5p. MM's not worried about Oasis aggressive intentions. Down and down we continue to go.
Are we playing the game of of ' was once �2.50, now there 38p"? The ironic thing is we're in the middle of a bull market and these stocks are getting cheaper by the minute? There's nothing Ironic about it. These companies are in a terrible state, and up to their eyeballs and debt. Fill your boots in that candy store, and good luck to you...
The price is getting more and more attractive to "asset stripping" private equity outfits, whereas an established food company would have to invest and wait, like we are seeing with Nissin.
Not sure we would get a better offer now as Darby has made the company worse since the offer. He has turned PFD to a prostitute being exploited by Nissin while issuing fresh bonds at high rates. Pension deficit is all but static at very high levels considering deteriorating sales. AIM listed Finsbury foods is doing a lot better with less excuse.
Darby would be forced out by a hostile offer soon but way too late as the thief has stolen all those free shares along with his gang. Oasis can screw him up big time, Nissin is a joke.......with all that BOJ Q.E they still haven�t made us that 62p offer they gave their hedgefund friends.
and I have been one of the few who saw the early signs of poor management and under delivery, even with the darby lovers trying to talk things up. Although this is a dog and will continue to be one under current useless management who have just seen this as a way of lining up their pockets and their friends pockets, at the same time destroying value year after year. We may get a short term bounce due to weather, the management will be happy to take credit. Long term if this stays under same management, then expect a call for a rights issue to reset debt to earning ratio which is now more then before last rights issue. A takeover at even 45p is going to look good exit and the best we may get before the next set of bad results.
I've been tempted to sell at a loss. The only 2 reasons why I am holding are: From Nov 2011 to April 2012 the SP went from 3p to 18p and analysts suggested it could hit 30p. With PF "little things go a long way" this company is in much better shape now then it was then. Secondly from June 2013 to Oct 2013 the SP went from 60p to �1.85 driven only by a small increase in sales. Did the MM's drive the SP up to get a rights issue through? It is indeed the MM's that control this share, we are small fish. No reason why a private equity outfit will not work with Oasis and cause Nissin to either buy Batchelors or top up to 29.9%.
I have *****d up with this share. Looking back, the signs were there but I and most of you fell for the recovery hope of this company. There are massive debts, the products are out of date and then there is the pension liability. Can anyone give me a bit of hope?
Again, why pay a premium? You can all try inflate the price as much as you like in your heads, but right here , right now, that aint happening....
could explain the trading pattern and recent news flow. The share price has been driven down, possibly be agents of a potential bidder. The lower the share price goes more chance of a bid being accepted at a low value, the bidder will initially offer a 30% premium say, if share price down to 35p, then a 30% premium will get a bid for 47p. If the share price left where it was about 6 weeks ago, then an initial bid would need to be much higher. Oasis may have already been approached to buy their 8.8%, then nissin would get bachelors for there 20% stake, gores gets hovis for an undisclosed amount. Darby may take cake business private. Everyone then lives happily ever after. The best we can hope for is a final bid for 65p, but likely to be around 50p
If Oasis get ''aggressive'' the only way Nissin can ''defend themselves'' is to build upto 29.9% that should take the SP beyond 65p. The other scenario could be Oasis are acting at the instigation of another bidder, possibly even the likes of Bright Foods.
In exchange for the place in the boardroom, the activist agreed to build its stake up to 10pc by the end of June, and to keep a holding of between 7pc and 15pc of Premier longer term. This deal will be terminated next Friday, the two companies announced yesterday. Analysts at Jefferies said: �Oasis� future intentions are unclear to us, but might embrace either a review of their ownership position or a more aggressively activist stance.� I like the aggressive bit !!