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These accountants know what they are doing, ok it just looks like they are moving money from 1 account to another account but in the end it will make the balance sheet look very good with much reduced debt levels.There has also been talk in the press for a while now about pfd buying more brands and maybe this will give them the cash in hand to do.
If the city see this as a good move I guess they will move the sp up today, let's hope they do.
are they saying, after this action, in theory the surplus can be paid out as a dividend, the surplus is mostly rhm pension surplus to the best of my understanding, but need to review the balance sheet to fully understand.
I’m not an accountant so correct me if I’m wrong but it sounds like if it passes the company will be debt free. With the difference left over sitting as cash on the balance sheet that the company can do with as they want.
That’s a lot of cash left over though, makes me wonder if they’ve got some acquisitions in mind next year and want the cash to act on it.
trying to understand what does this mean and how does it impact the company's finances
That all sounds like yet another step in the right direction. Especially if it leads to a dividend !
Welcome Fatty
This calls for mince pies all round
get lots of free cakes at the AGM I have been told
Welcome Fatty.....it’s a fun ride
Just a small amount only for now.
Kallumama: I agree with you that PFD Pension contributions will be lower in future due to interest rates environment but they are still large & will eventually need a cash infusion coming from somewhere. That’s likely coming from PFD Group. So it will suck some PFD cash reserves.
green555: Nissin has 19.3% PFD stake, Oasis 10%. I probably confused this with another shareholding. You’re right with the comment. Nevertheless a change in management & new company focus is the real driver here. On & Upwards with PFD Shares
I fully agree with your sentiment.
From share register I can only account for 19.3% holding for Nissin, where are you getting the other 6.7%
That’s Nissin not Nissan. Mishap
PFD’s new management has 1 year successful tenure now. There is a Focus on getting debt down & in turn raising shareholder equity. That’s smart with higher brand investments too. Post Brexit, any new news on International growth acceleration will be welcomed. Ultimately this will be a Take Over Bid Target; Nissan holds a controlling stake around 26%. Great Brands are highly desirable by global foods outfits & they will pay up premium prices to clinch them.. The share price will shoot higher. I’m fully invested with some dry powder for more PFD share purchases. Yes I agree, PFD pension fund deficit is high but manageable and will suck some PFD cash in the future. Overall PFD shares are lowly valued with possible double digit brands growth near term. A Strong Buy I would say.
That’s more like it !
Nice to see the rise in the sp
I'm overweight as well as overweight Unilever!.
ULVR should bounce on a no deal - however see that as unlikely.
Increased exposure to UK cyclicals today.
Have also put PFD on a watchlist and many congrats to those who
spotted the recovery story early.
If not deal, suspect we follow the market down, but can't see a lot of sellers of pfd stock, a lot will depend on the fall in the pound. in 2016 pound fell 20% caused raw material prices to go up, resulted in a profit warning as it took premier 2 years to put the prices up. i would have thought premier will have been stock piling raw materials. concern is nissin and batchelors pots as these come via lorry from Hungary. My personal feeling is a lot more stocks will be in worst situation, so hoping pfd is defensive play.
That was what I was thinking ?
Surely it’s got to be a good thing for us !?
But today I noticed PFD products in my local Aldi , so we are definitely putting it out and about haha,
https://pasteboard.co/JDOhBve.png
* Cherry Bakewells
Still no edit function on LSE!.
unfortunately- as I need to lose weight.
ABF was like taking candy from a baby, it was a give away at £17.
I don't usually get too enthusiastic about the shares I hold,
from memory only clicked Strong Buy 3 times this entire year.
And the effect on PFD short term ?
Will we just follow the market ? Or will we do what we usually do.....under react to good news and over react to bad news ?
Oh, by the way......which is good news and bad news ?
restarted with correction
not sure what to say on your method of determining if a stock is fair value or not.
"Even if I take your figure net debt is still around 40% of the current market cap."
so when share price was 18p ( debt over 100% of market) then this must have been a strong sell, if price is £2 (debt less than 20% of market cap) then this must be a strong buy.
saying this, your call on abf was a good call when it was £17 a share, plus you may be right on unilever at £43
fatprofits
not sure what to say on your method of determining if a stock is fair value or not.
"Even if I take your figure net debt is still around 40% of the current market cap."
so when share price was 18p ( market cap over 100% or debt) then this must have been a strong sell, if price is £2 (market cap less than 20% of debt) then this must be a strong buy.
With a potential pre tax profit of 80-90 million at year end, this makes the net debt 3-4 times profit which is highly acceptable in my book.
* Sell or Strong Sell - that should have read