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sod it I spoke too soon , I can live with the odd o.5p .
I don't know but couldn't resist it so topped up with another 10,000, just hope it doesn't go down any more.
Jed
What happened...?
I'm with you on this one
Anyway...I'm bowing out for the weekendy end and
Encouraging everyone to spend some quality time with their families whatever happens
Kind regards
Jim
I would say so, that’s all for now folks. Tweezer top chart pattern and also couldn’t break higher than the high a few months ago, pretty bearish signs.
Mid to low 90’s if 100 can’t hold.
Looks like a correction coming and it's back to £1.
I think that the likes of Lidl and Co op uses Bright blue foods
But they will be making good volume and profits on all those products while the contract lasts and it will help the total product mix to keep the factories running at full.
They make stuff for Aldi, Asda, Sainsbury, Tesco and Morrisons. Not sure of the costs to make them.
I was watching bloomberg about 2 weeks ago and some of the boffins on their said about inflation, we have been in a lock down for what about 9 months so there is now a built up demand and you would expect a short term p[rice inflation just because of hiher demand getting back to normal but it will fall back after a few months.
Second discounters, I know a number of pfd workers also come on here with info but I wouldn't be surprised to find out that pfd also make some discounter own label products with good profits. perhaps we could here from them.
I was in 10 years ago, and the consolation went with a rights issue. I think it was 50p a share when the price was a lot higher at the time. It soon dropped , but has held around the 40s for years. Im not sure if the consolidation was before or after the rights issue though.
Historical price is not flattering for PFD
In feb 2007 it reached the dizzy height of £21.55 then fell to £1.42 by nov2008 (93% drop)
Long to get back ( we will :) maybe not to the dizzy height, but at least to £2 )
Found the info re share consolidation:
4 May 2012
Premier Foods plc ('Premier' or the 'Company')
Amendment to official list, Share Consolidation, Total Voting Rights and Share Capital
Following approval at the AGM yesterday, the Company's share capital was consolidated this morning on the basis of one New Ordinary Share for 10 Existing Ordinary shares.
As a result, the Company's ordinary shares of 1 pence each were cancelled from trading on the London Stock Exchange with effect from 5.00pm yesterday and the newly consolidated ordinary shares of 10 pence each were admitted to trading on the London Stock Exchange with effect from 8.00am today ('Admission').
The Company's issued share capital now comprises 239,805,823 ordinary shares of 10p each with the new ISIN GB00B7N0K053.
The above figure of 239,805,823 shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
For further informationd contact:
Andrew McDonald
Don’t forget about the share consolidation that happened about 7 years ago. I think that halved the share price and halved your share holding…..but I could be wrong about both !!
Not sure I want to wait another 10 years to get the other £1 , but I think it will get to £1.20-£1.50 in a few months.
Will top up again if it drops to £1 ish.
Just been looking back over the previous share price historically and I noted that 10 years ago today on the 27/5/2011 the SP was 212.78p.
We still have a long way to go at the current price of 112.2p however the fundamentals have now changed and this instils me with confidence.
Sitting tight. Looking forward to my dividend!!
just hope your punt works on greencore.
The investor call yesterday did not give a lot of confidence that the new promised business is as profitable to replace existing lost business. Easy to win new business from competitors but difficult to make it profitable. There is no guarantee they will be able to pass on the extra costs.
It's not all about what one should do, I have been playing this game for about 35 years and every now and then you just have to take a slightly bigger gamble for a few weeks. If this goes back to £.155 - £1.70 in the next few weeks I am out and job done.
That's where the fun is, after all I have only spent £15k ish.
Thank you for the insight, I must have missed that. Is it just pizza bases or pastries as well? let's hope management can utilise the capacity available to them and increase productivity at all there sites now.
Also good luck lucky
Yes while I am waiting for pfd to drop a little to about £1 I have taken a chunk of Greencore after the big drop, Let's just see what happens but be happy to get out at £1.55.
I did it and sold some to take profits and hope to buy back in if / when it drops back to £1 ish
92.5 OMG.Oh well, onwards and upwards.
HSBC - no idea what game they are playing, but perhaps they'll upgrade to 71p!
if it went under 100 I may buy in again but cant see that happening now ! I mean it guys good luck to all PFD holders old & new !
I'm sitting tight. The Institutions haven't come in yet but I am expecting them to do so. A couple of RNS's and we can push on. I would also like to hear from HSBC as to their thoughts.
@Luckylurker , I know what mean , all the best
for your future investments