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"Now it's onto a bigger job analysing ABF, it's got huge and varied business with some overlap with PFD in grocery"
Kallumama, I've always learned something in reading your posts. I've been following ABF for now about 9 months not committed yet. I hope you still have skin in the game for PFD. You once asked in this forum what other company to invest I did mention "Reach" since then they are up 40%. They have had similar issue in pension liability which is being resolved no other debt and great prospect in digital.
From my many years in investing, its better to ride the winners than look back in hindsight.
Good luck with ABF will read the your analysis with the view to get on aboard.
So, dividend this week, how do we think we will progress now. Pleased with the results and share price. Kall, shame you have moved to ABF, you must see an upside though
WOW Kall. Excellent, so ABF small investors will now also be able to get same expert thoughtful running analysis that greatly helped PFD small investors.
wish I was still in PFD but only in here to read about my fav covid poster but no cigar ! I just wonder if he succumbed to the illness that he though would make him a very rich man .
I believe the 5-6% was for 1st half, ceo was not able to guide further than this.
They expect 5-6% for the year. After Q1 we are currently at 6.3%
Sure, but what are the expectations of mgt, can’t see this stated anywhere?
From a sales perspective it was a flash in the pan, but remember the debt reduction that it provided. The benefits from that continue.
I guess it was too much to expect the sales growth to continue at the higher levels of covid, although still up on 2 years ago.
Funny how they now want to compare against 2 years ago because it looks much better, So was it a flash in the pan and can we expect the sp to go back down a little / lot?
Tried to do a late night shop yesterday evening at a large Tesco and Sainsbury's . Seeing stripped shelves , hopefully good for PFD. Good fortune, well overdue.
Very satisfactory. Profit for the year expected to be at the top end of expectations.
I am planning on attending today. Anyone else ?
Q2 growth last year over 2019/20 Q2 growth was +8.1%
It is possible to beat this in 2021-2022 Q2, international can play a big part to achieving this.
misread - possible in Q2 if a further lockdown or restrictions imposed, not possible in Q1
guided 5-6% after first 6 weeks sales over 2 years
"Growth over Q2 last year would be a massive achievement…..is that likely ?"
100% unlikely as the company has already guided 5-6% after first 6 weeks sales, likely to beat this as it will be an own goal if not higher.
I dont thinknthey will be stronger than Q2 last year, but would think they will be stronger than Q1 last year maybe. Expect sales to decline in comparison to last years lockdown numbers, but profits should be higher now debt is less. Depends on how the market see us. Profit rise and higher sales to Q1 last year when were not fully in lockdown all Q1 may see an increase in sales during this years Q1 lockdown .....maybe. back to 109 or 114 and i will be happy. Maybe an update on cape sales may see a boost as well. Pension update etc. Here's hoping
Growth over Q2 last year would be a massive achievement…..is that likely ?
Think we are caught up in the COVID fears, maybe more to do with production and distribution, rather than consumption. We get hit from all sides, expect friday to see a boost, and a steady climb today and tomorrow. Dividend next week, looking forward to it.
A poster on here pointed out a Moody's upgrade last year which made for interesting reading; I thought I'd see if anything had changed... and indeed it has,
https://www.moodys.com/research/Moodys-changes-outlook-on-Premier-Foods-ratings-to-positive-assigns--PR_446863?cid=7QFRKQSZE021
(if LSE mangles that link just google for "moodys premier foods" - the relevant article is dated 19th May 2021: "Moody's changes outlook on Premier Foods ratings to positive, assigns B1 to the new notes")
I suppose it was only time before we dipped under £1, good whilst it lasted. Waiting for the usual update drop at the end of the week.
sugar tax story was after yesterday's falls. I suspect just a lot more sellers over a short period time. Hopefully will bounce back to the normal 108 to 109p where there appears to be a big buyer who is mopping up the sold shares.
A lot will now depend on trading update next week. A test for the new CEO to see if he shows his high spending expensive marketing exuberance is working or NOT.
Could be related to the speculation about the sugar tax.
still beating the market, even with is fall. Looks like ASOS must be taking advice from Gavin Darby and blaming weather for underformance.
Are we down 3% today……any ideas ?