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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 ?
Bailed out for the time being with a handsome profit. Happy to trade this but for now I have moved elsewhere. I will be back if I can get in 10% cheaper.
Good luck all.
It’s easy to give it the biggen after a few rough weeks for a sector. You just better hope the phrase “lower sales than expected due to economy reopening and work from home reducing” isn’t used in the update or this will crater.
I know everyone has their own investment style but I’d rather invest in a company with 30-40% growth and oodles of cash to spend than in one that’ll call it a great year to grow 3%
I am assuming the growth monkeys are not have a fun time after ignoring PFD and indicating it was easy money elsewhere.
I can remember some-one saying they had 40 years experience in investment and can easily make money else where, at the same time waiting for PFD to fall to 70p. Good to het his or her view now.
Good for those who stuck with PFD
My next post will be in 22 days time
"the dividend has landed in my account "
“Sell in May and go away, and come on back on St. Leger's Day."
It’s very quiet on here. Just thought I would post this so that it’s not a full week between posts !
Daily Express
Food producers
Premier Foods 108 1/4 # (ex divi)
Long time since we saw that!!!!!!!!!!!
I still got out at just under 112 ish but yep this delay in opening really spooked the market. Just to let people know it is not covid making PFD move up its more like solid results & whispers of a takeover.
Never thought his would fall back to be honest, but i didnt think that cine or glencore would bounce either. Both rely on how it used to be. Too early for them, and not enough people willing to go back. Cruises are just starting to sail, and pubs and restaurants have to wait until july 19th before they can operate in british weather. Their time will come, but not yet. PFD however should have some bumper months to come, bought the new spice rubs for the BBQ and home cooking, all PFD stuff seems to be selling very well in asda, we have lots of shelf space and choice. Onwards and upwards.
So you have to own shares today to qualify for 2022 dividend. how come the volume is so low, no sellers ? Where next ? Q1 results the end of July during lockdown / rain drenched May ?
A few weeks there were a lot of chatter about PFD going down to 70p and a lots of opportunity in the growth stocks, likes of cineworld was quoted by Luckylurcher I believe, some-one mentioned Greencore.
Great to get feedback from these investments compared to PFD
6th best FTSE 250 riser today
That’s what I thought too. That’s just what we need….a bit of takeover speculation to make life more interesting.
I think its the weekend press around a potential takeover by private equity. We are a good fit for bain capital who bought Valeo foods. Happy with the buzz, quiet on here though.
Do we know why ?
Now that the disgraced Han**** has finally gone, hopefully all pretence of a continuing threat of extinction will go with him and boris will finally allow uk to open up on 5 july.
God the sheer bloody hypocrisy of it all.
It’s about takeover targets in the UK…….
“Mr Penny said another target could be Premier Foods, owner of brands such as Mr Kipling and Ambrosia. “It has a price-to-earnings ratio – which measures how expensive shares are relative to profits – of 10, which is well below the stock market average,” he said. “There was recently a deal for Valeo Foods, which sells similar products. If Premier Foods is bought, shareholders could be in line for a 30pc to 60pc payoff.”