"It has requested a list of people who were privy to inside information. The City is, after all, a leaky old ship. FCA data show that up to 30% of all takeovers in the UK see suspicious trading activity, though the figure fell below 14% in 2014 after criminal prosecutions were introduced."
It's one thing to introduce criminal prosecutions, it's quite another to enforce them. I'm sure Darby and the BOD will be happy to furnish the FSA with the names of anyone who knew about the deal before it was released to the market. Obviously Nissin did, unless they sent Speedy Gonzalez to negotiate the deal with Warbug Pincus and close a deal to buy £100 million+ of PFD shares in less than hours.
So if Nissin got a tip off before the market, who else did? Multiple banks were going short and long, Jefferies even disposed of all their shares prior to the drop back to the 30's.
On thing's for sure Warburg Pincus made a big loss on selling their PFD shares at 63p too.
I think people are more concerned with overall sales, and what might make a considerable difference to overall sales, rather than individual products. It's good that these individual products occasionally do better than others and grow in sales... but overall sales have barely budged even with sweet treats doing much better.
If sweats treats hadn't done as well as it has... things would be a lot worse than they are now. The market needs to see big increases in sales both internationally and due to the tie up with Nissin. So far neither of these things have been demonstrated in the latest company report.
This has left investors understandably scratching their head wondering why Darby rejected two perfectly good offers.
You may also want to read the article. It should be of interest to a shareholder:
“Whereas only 10% of pre-family consumers normally buy ambient packaged cakes, the figure almost tripled (27%) when we launched the Mr Kipling Cocktail Fancies last year. With our classic French Fancies growing at +11% year-on-year, these new variants are perfectly placed to help retailers increase cake sales.”
I see nothing's changed this week, SP still Rubbish. Ramp it as much as you want but if a company owes more than it is worth alarm bells should be ringing. There needs to be fundamental change and let's start by cutting salaries and bonuses for the BODs because in my mind they need to make a considerable amount of more profit to get this SP moving... Remember you can only polish a turd so much and even if you sprinkle glitter on it it's a turd... Have fun, hopefully BT.A and BARC will get me out of this sticky mess... I should never have come back in this GD geezer needs investigating.
For the record, no I am not an employee. I am a shareholder that simply likes to follow his shares to note progress. Clearly the more NPD the better the revenues, as results show. If you dont like my psots, ignore them. Idiot.
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