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Premier Foods Share Chat (PFD)



Share Price: 37.70Bid: 37.50Ask: 37.60Change: -0.25 (-0.66%)Faller - Prem Foods
Spread: 0.10Spread as %: 0.27%Open: 38.50High: 38.50Low: 37.45Yesterday’s Close: 37.95


Share Discussion for Premier Foods


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oldtimer
Posts: 5,095
Observation
Opinion:No Opinion
Price:37.35
Results / chairman
8 Apr '18
Keith Hamill, non-executive Chairman, acquired 266,666 Shares on the morning of 28 March 2018 at a price of 37.4p per Share. First why would you buy shares if you knew the results are going to be bad or worse than expected and the sp would go down after the news, you wouldn't would you, but if you knew the results are going to be better than expected, well that's another matter.
This clearly is in the closed period and against the rules, but he must think it's going to be worth paying a hefty fine if the results are good or better than expected and the sp rises a lot more and the profit on 266,000 shares is going to be greater than the fine.
I guess the rules are against this but it's all down to how big the fine could be vs a profit gain. This could be an interesting few weeks.
 
bistolover
Posts: 536
Off Topic
Opinion:No Opinion
Price:37.35
more thinking on results
8 Apr '18
3 news items to assess what is happening

1. chairman buys in a closed period i.e the chairman knows more than other investors so in in breach of stock market rules if good news materialise later to get the share price higher.
2. oasis breaks deal to stay on board
3. grocery sales in general doing well, especially cold weather food see link below
https://www.talkingretail.com/news/industry-news/grocery-sales-survive-beast-east-04-04-2018/

what can we conclude from this. are the results good or bad

bad news reasoning : chairman would be in trouble with fca if he is seen to profit from insider knowledge, oasis ****ed off due to grossly under-forming board, so will pressure board from outside to breakup with nissin getting batchelors. Although the company says they are meeting expectations, nobody knows if this includes lower profits than last year as they never release what expectation is.

good news reasoning: The chairman will be under investigation for doggy share buying as darby is hiding good news so his friends can buy shares cheaply.
dogscott
Posts: 468
Off Topic
Opinion:No Opinion
Price:36.85
RE: Sold
6 Apr '18
zedy, sorry you lost faith and understandably cashed in at a loss. glenglen, I do not suspect that Darby and co have a cunning plan to destroy the sp, for the benefit of their friends and cronies. My frustration is that they are paid well and deliver nowt !
I simply can not understand how the major investors allow them to continue unopposed. Oasis, have finally given me some hope ? Also the lower the sp goes, the greater the risk of asset stripping sharks closing in (this time twisting GD will not be able to fight them off). Otherwise, GLA and hope you are able to weather this downward run.
bistolover
Posts: 536
Off Topic
Opinion:No Opinion
Price:37.35
RE: Sold
6 Apr '18
a few more shares for darby's friends
zedy
Posts: 610
Off Topic
Opinion:No Opinion
Price:37.15
Sold
6 Apr '18
Had enough, bought this twice now and sold at loss again. No confidence in management. GLA
bistolover
Posts: 536
Off Topic
Opinion:No Opinion
Price:37.00
normal trading or walked down
5 Apr '18
monday 17th feb 41.5
monday 26th feb 40.3
monday 5th mar 39.5
monday 12th mar 39.6
monday 19th mar 37.45
monday 26th mar 37.7
tuesday 3rd apr 37.5
bistolover
Posts: 536
Off Topic
Opinion:No Opinion
Price:37.00
RE: Selling Price Fiasco
5 Apr '18
The ceo has everything covered so believes he can't be caught, probably got friend in high places who have been given handout of cheap shares to keep things covered up. A book may be written in 20 years time on how he is asset stripping the company to benefit his friends.
glenglen
Posts: 31
Off Topic
Opinion:No Opinion
Price:37.30
Selling Price Fiasco
5 Apr '18
Ladies & Gentlemen
Reading the posts from all and references to Darby and Chairman and basically the board wanting to drive down the SP so they can buy us small shareholders shares/panic us/et al conjures up to a simpleton such as I:
1. this is not in the company's best interests
2. thoughts that the Board are manipulating the SP for their own benefit
With the above in mind should we not ask the police and SFO to investigate?
JUST SAYING............................
2reincarnated
Posts: 3,355
Off Topic
Opinion:No Opinion
Price:36.95
SP down on no news
4 Apr '18
ok the results were not spectacular but ok, since then you would have expected at least 45-50p, but the fall suggests something is going on.
bistolover
Posts: 536
Off Topic
Opinion:No Opinion
Price:36.95
RE: sp
4 Apr '18
The chairman must be planning to buy more but need to get the price lower so more small investors panic and sell to him.




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