The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Darby's response: The 65p bid significantly undervalues PFD and 4% growth is nigh.......blah, blah, blah!
http://thefuturetechnologies.com/global-pasta-sauce-market-analysis-2023-mizkan/
2re, there must be a few institutional investors who feel the same as us with their heads on the block !
next Thursday is the 2nd Anniversary of the Mc Cormick bid, they said 65p, we are at 38p!!!
PZ Cussons got panned today, so will not help the general feel for consumer essentials etc. Even stripping out PZ's reliance on the Nigerian market, general sales are soft, as is the out look. Throw in the general malaise from the UK consumer , whether its the lack of eating out - Jamies/Prezzo/Strada etc, or the negative feed through from Maplins/Toys R us /Carrilion - its a trainwreck on the UK economy. One might hope that people will run to stock there cupboards with Premier food brands , with lashings of custard. But as long suffering shareholders of this sh*te, we know that only a war with someone like Russia would send us Brits scrambling to stock up on the old favorites... ...But, hang about, wait a minute.............
but no volume, so can't be Oasis buying?
They may be hoping to get the company on the cheap or a brand on the cheap.
There's a cliff locally that PFD is driving me to jump off. Has this man no conscience whatsoever ?? I personally, get the feeling that we have all been well and truly duped. So many lies and jam tomorrow stories. And he seems to have the attitude of "Crisis What Crisis". Never caring one jot for the long suffering shareholders who were duped into believing his plethora of LIES. The larger shareholders really should take note, this man is criminally negligent. I am retired and have a great deal of my funds in this share. So for me it's cash that I can ill afford to lose. PLEASE will somebody do something and very soon. Some of products are good household names, they just need to be re-vamped into the 21st century (too much sugar? too much salt?). I fear some of them at best are still at the very beginning of the 20th century. PFD also should note that many more gluten free products are required in the modern era. HELP !!! Peter in Amsterdam (about to go down the pan !!!)
I've thought about doing the same thing actually.....just in the hope it might make me feel better! But the thought of him reading it and laughing at it like cartoon baddy, smug in the knowledge lots of little people have lost money whilst he keeps on getting a huge salary and free shares - all for failing - stops me from wasting my time. Let us know if you get a reply though won't you! Good luck all! Roll on a bid from somewhere.......
The shares were �1.80 but you would be holding nearly 3 times as many shares. Even then the SP of 38p is totally unacceptable and we can only hope there is something in the pipeline. What are Oasis getting out of it?
Trouble is these idiotic large shareholders in PFD, obviously believe the CEO's jam tomorrow stories, these large shareholders should all contact McCormack and offer them their shares at 65p before the share price tumbles to 30p. Under McCormacks the whole of PFD would be sorted out, and a proper plan for recovery would be put in place, probably selling off a lot of PFD's brands. It would probably become a much smaller company but one that was heading in the right direction.
I sent a personal letter Friday last addressed to Mr Darby advising him that shares were once �1.80, McCormacks offered 65p and share price has for past two years been 40 p now 38 p. All this under his watch. Wonder if I'll get a response. This guy must have zero conscience/gumption imop but if big shareholders keep him there does not say much for them huh?
At least you lot make me feel a little happier about my present paper loss. The sun is shinning !
You must be joking....he lost his chance of rescue two years ago.......the only consolation is that he must be getting a kicking from Mrs GD, she bought her shares at about 40p
we are being clobbered, no GD and co to the rescue !
If you want to see a bit of action go on the Conviviality BB. I'm a Bistolover on that BB and today I've only just been called a ''moron''!!!
Next week of the Mc Cormick bid and the shares trade 50% below the offer price. This is horrific!!! Heads need to fly!!! if there is ''something in the pipleline'' it needs to come out before next week. The only consolation is, it could be worse, Mothercare rejected a �3 a share bid in 2014, ''saying it undervalued the company and its growth prospects'' where have we heard that one before? Today shares in Mothercare are 18p!!!
Good man.
Really is amazing what the CEO and Directors have been paid over the last 10 years for 10 year of reducing the share price to just 38.65p, in this crazy world I expect they deserve many bonuses and many wage rises for getting the share price this low. There must be many very stupid people in the companies that hold the majority of shares in PDF to allow the mismanagement that has happened in PDF for the last 10 years. If the CEO is pinning the recovery of PDF on MrKipling cakes, we are all doomed to a much lower share price!
Not a superstar trader, just a small time punter who for once guessed it right and made a few hundred overnight. Well when I say made a few hundred, just bought more shares with same money. Profit yet to materialize.
Positive news?....yep.....Finsbury Foods is up from 50p to 116p in the same roughly 5-year period, lol Buy in now? That depends....if I had been watching the history of the past 5 years and knew of the deceit, the rights issue, etc., then no, I wouldn't buy in now. If I didn't know the history and just looked at the low share price, and was looking at frequent trading to make 5% at a time, and didn't really care about possibly never gaining on my investment other than that, then yes, I would buy in. It would have to be money I was prepared to write off, though. There is always the chance (if, if, if) that the company will be bought or that there will be a top management clear-out, which would take the price up. It also depends on whether you believe someone would be interested in buying all of pf...and how much time you are willing to invest, as each day you are in here and going nowhere, you are effectively losing money, by not being elsewhere. At some point, those losses are no longer recoverable, and you have prevented yourself from investing in other, recovering or gaining shares of companies while those shares were more affordable, and missed any dividends. So, lots to consider...and that's just the tip of the iceberg. Everybody's situation, and their personal goals are different. Personally, I don't mind hearing when other people make good trades...it's a reminder that shares are also for trading, not just holding.
FFS anyone have anything positive to say? We're all stuck at the wrong level in this disaster stock, all hoping for a bit of luck to carry us out for less of a loss. If you didn't have a position in this would you buy in now? I would say possibly not. So, we either dump it and look else where, use your tax losses for profits in other investments, or ride it out on the wild off chance that Bachelors gets knocked out, the Japanese or the Yanks ride to the rescue.... Oh, and if I had a pound for every time these BB superstar traders drop into posts, telling us they knocked it out here, bought it back there, I'd be a very wealthy man...
Maybe Darby paid to have them put there for a bit of free publicity......but I doubt it !!! Something drastic needs to happen
Just noticed on BBC breakfast the almost empty shelves in a supermarket. One of the very few remaining products was a number of boxes of Mr Kipling cakes. Sort of says it all really
I sold out at 48p in Jan 17 and bought back next day at 40p so thankfully not in too bad a position yet. Sorry for those stuck on higher averages. Darby really shafted us and deserves anything that comes his way