few yrs. If they do then it will be very gradual. The UK is in deflation. The 1st time since 1960. Oil prices are collapsing. Cheaper packages, cheaper diesel costs and no need to increase wages. Uk goods will be cheaper therefore wholesale exports should increase....
I assume you are talking about the writing down of the goodwill? Basically when PFD bought RHM they paid over the odds, this figure is then shown as an asset under goodwill. All PFD has done is to get rid of that figure but in accountancy that has to show as a loss. Even though the money went years ago, it's not actually a cash loss this year. Considering this and the increase in marketing costs the results are OK. A lot of talk about the pension deficit, all must remember if the FTSE and other financial markets drop this deficit will increase again, although PFD has fixed it's contributions to the pension pot so it will not negatively impact PFD profits in the future.
Without wishing to sound disrespectful your order book and my nan's tea leaves have a lot more in common than you realise.
Can't decide whether to sell at a negligible profit and buy back in later at a better price or wait and hold. God, this share is a total pain in the arse. I bought in last year at 46p (unwisely) and it has almost never exceeded that price level at any point since then. Only in the last couple of weeks and even then, only just.
Thanks for your post with which I agree in terms of detail. However, I really do not think we are talking too long to see SP growth. This is because PF has demonstrated in the past that ''little things go a long way'' I was only yesterday criticised for referring to the past SP performance in the context of the future, I apprecciate matters are different now than in the past, but the concept is the same. In June 2013 we saw a small increase in sales, result in the SP going from 60p to £1.80, within 5 months!!! Yes there are now more shares in circulation, but any sustaind SP increase would have the luxury of not having to be interupted by the worst possible action plan, that is a rights issue.
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