has been a high risk, high stakes stock. It's shredded most PI's who have been involved with it. Not for the faint hearted. Share price has recently gone from 32p to 62p and back down to 42p in the blink of an eye! The upside has to come at some stage IMO.
While only a hobbist at this game- and clearly not a good one - i didnt realise it was a requirement to back the board or sell your shares ?
I tend to think that the vast majority of holders have backed the board only to see their value lost
However, my support is conditional on enagement and seeing the board deliver on their accountabilities - which i (and i have no inflence mind) expect the board to articulate clealry in May how they are going to deliver that. If they dont, i suspect they will be the ones under pressure. Lets be honest all the hard work has reduced value by 50% but in a market that is depressed and very risk averse which is possibly the factor - trick for the BOD is to demonstrate the risk is at the market mean and not the outlier level it has been historically.
that said, it feels that the engagement with the institutions may well have been positive But given the sp continues to drift does make me wonder...
what the plans are. They've already been documented. Better than average results in May are however important. We are off the lows now with the share price. Hopefully we will now see a steady rise north. Premier Foods has been in a distressed state since the legacy of a previous Management Regime. The last 4-5 years have been about putting things straight and it takes much effort to turn an operation this size around. £350 million was successfully raised through a Rights Issue 2 years ago significantly 'beefing up' the cash flow of the Company. Further significant debt reduction and a reintroduction of a dividend at some stage will help the share price enormously. One musn't forget that this is a MidCap stock and has been prone to the vagaries of the market
The fundamentals have changed considerably now Nissin is involved. The confidence in PFD is there for all too see. Time will tell but PFD is not the uninvest able share it was. The green shoots brought Mc Cormick interest at a much higher level. The international growth does not come with out risk. But I expect we will be looking back at this price level and enjoying our upward progress. Back the board or choose another company too invest in.
I think the problem here is share holder value continues to be eroded.
i've been here 4 years and would like to see value for my investment
now while i accept (not happily mind) that this is a risky game - pfd just goes down and we are due reward for sticking
the BOD at may results must demonstrate why rejected offers and some confidence when shareholder value returns, i understand the business has worked very hard and green shoots are there, but lack of engagment equals no confidence which equals value erosion
so PFD what are those plans?
Rights issue put value at c 80p, now at 41 and nothing has changed lol
in for the long haul but dont like being burned and feels the BOD frankly dont give a damn.
I am new too commenting on this board although I have been a interested reader of member views. I have bought shares in PFD and although hindsight says I should have sold at Circa 60p and bought back in at this new level I am very happy too hold this share. StyxFan sums up my thoughts exactly.
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