I'm not saying that I share the sentiment but just for your info I thought I'd let you know what I found on H and L in light of your post. Premier Food leaves sour taste with third quarter result 21 January 2016 08:58 (ShareCast News) - Mild winter weather and a decision to reduce promotional activity on some products led to Premier Foods disappointing investors with a decline in branded sales over Christmas. Seems it isn't all positive coverage. Here's hoping for an upturn.
This is why I can't understand today sp dip, worst December on record so it was sure to impact in soup sales but overall sales decline arrested and increased on year so far of 0.3% with end of year sales increase of 1-2% along with debt reduction expectations still on track and only 9 weeks or so to go
is worth a listen. CEO and CFO sound confident. Batchelors was the weakest performer due to weather (soups). Ambrosia was weak due to lower marketing spend but new product ice cream product coming there.
international describes as a big opportunity : - currently represents 5% of sales - headcount increased from 10 to 30 over last year investing in marketing (new sales director started on monday) - investing in logistics and operational capabilities to support it - Investing in sales resources Sales ressources on Irelalnd for last 18 months (4 people) Sales resources in Middle East And 2 more markets will come over next 6 months or so. Starting to see growth as a result of these initiatives.
Volume Sold 1,374,215 Volume Bought 1,187,470 Dont think that deserves a 3p drop in the share price. Cant find anywhere whilst searching pfd that has a bad word to say about todays statement. Watch this bounce after pi's have time to digest properly, thats providing the wider markets allow
Of course these shares will be bought at 36p and above, because PFD has today posted good results. Are you aware of any news article saying ''Premier Foods posts disappointing results''? It must be appreciated the SP has been as low as 25p because of the slowdown in supermarket branded sales in respect of the big 4. What we have seen today is a reduction in the rate of sales decline, which can be completely arrested this year, coupled with an increase in sweet treats, a stand alone business. No broker feels things will get any worse and we can now look forward to groceries improving. The weather has not helped, but whose to say we will not have a wet easter and wet summer?
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