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Doesn't look like the large buy on Friday is showing, but it opened today at 44, but at the time of typing rose 3% to 45.30. Im still confused by the 1.3 million buy not showing, maybe today.
How come the 1.3 million pounds wirth of buys are missing, but includes in the finish price ??? Are they classed as out of hours and will be included in mondays trades ?? They are showing as buys with the share values in my.post, the monetary value qas also showing and they dont match up to your update. One was an uncrossed trade so assume this took place in the day maybe . Any ideas
Yes I noted that but the facts are here.....
Trades 191
Vol. Sold 263,270
Sold Value £119.39k
Vol. Bought 322,055
Bought Value £146.05k
PE Ratio -11.338
Earnings -4.00
Dividend 0.00
Yield 0.00%
It looks.like 2 trades went through that killed the finish price. 2,307,620 shares bought at 43.95 at 16.35 labelled as UT trade and another batch of 77,264 shares at 43.95 labelled as O trade ,went through at 16.53. Some massuve buys so should open on monday back at 45.30 plus. Depends.on who is buying and the weekend press.
They waited all day to drop it.
Like I say to people don’t wait 10 years now is the time to build a good set of investments .
Pfd is part of my portfolio and we can see now that the business has began to turn the corner.
It’s been a longtime coming! .
Plus they are well positioned to expand with the subsequent staycations this summer. ( which is usually a slack period for them )
I see this rising up to results rather than a drop. Others are falling, and nudge up for us. The results and plans for debt pay back, Dividend ???and life after the panic buying will be interesting. Over the years its been prepped for a takeover, but its looking more like a realistic stand alone now. Either way its positive. Not good as a result of a pandemic no, but growth has been seen every.month for a while with some of the staple , boring products really.paying off now. By the way, i dont see the products as boring, i buy them and the shares.
Ageens,
Fair enough - if you mean day traders looking to make a few quick points then PFD definitely isn't the stock for them.
As long as Premier can keep its supply chain intact and factories open then it can be considered a solid defensive stock, certainly not sexy enough for day traders.
Ps. I'm expecting more then 47-48 on the results though. With the evidence we're seeing of the effects of lockdown easing (eg. South Korea today), and general fear around, I suspect PFD will continue to reap the benefits. Such a shame we needed a global catastrophe for Premier Foods to finally pay off! Kinda depressing really.
The vast majority of PFD trades are computer driven algorithmic trades for the II's, performed in nano-seconds.
Hi ck81,
By "big players" I actually meant guys who just moves aroud half-millions/million shares around couple times par day.
But do not know. Just this way share will slide to 44s, 43s and after couple weeks will jump to 47-48 after report.
Hi Ageens,
Have you had a look at PFD's share register to ascertain whether the "big players" (I assume you mean II's) are missing? I ask because I would argue that the opposite of your statement is true.
To a casual observer, one would expect a small-cap to have small-cap like shareholder profile. However, because of PFD's legacy of prior 250 (nearly 100) status, and history of equity raises, it has a standard large-cap profile in my opinion. Mainly institutional investors and hedge funds, and very low owner-managed. The main recent exception being that Nissin (large Japanese listed company) replaced a previous cornerstone hedge fund investor. Not sure they, or Paulson, would consider themselves low quality!
The good news for us little PI minnows though, is that these types of investors tend to trade in large chunks, and they tend to buy and sell on facts/data rather than rumour/gossip. Hence the current low volume, I'm sure they're also waiting for the results announcement.
And because of that and the small PI proportion PFD isn't a share that therefore can be ramped or deramped.
PFD's problem is, big players do not have it (in decent amounts) :D
Low volumes, sorry, but low quality traders, too, as well as negative sentiment - so, no one keeps price steady, no stable (inert?) trends, and price automatically sinks when simple folks just try to fix gains/take profit or they get scared from overall market situation. No big rises possible, if daily trading volume is only couple millions max.
lol.
PFD has got years and years of disappointment to overcome.
Getting good news from PFD is a bit like waking up one morning to hear Trump say something intelligent. You rub your eyes, clean out your ears, and scrutinise it over and over again to make sure you're hearing it correctly. You hope desperately it's real but will need a consistent pattern before truly believing he's really had that brain transplant.
I think we're just going to have to patient and wait for the results. That way it's there in black and white.
How are these shares dropping, major good news, huge sales, great board and ceo, debt reduction all broadcast everywhere yet SP down
What is it with premier foods!
I feel you Guttedman. The new management team have tripped into the perfect trading environment for Premier's product portfolio. If they can't make it work this time then they might as well shut up shop and go home.
Rest assured that it will gutted man. I did exactly the same thing on the Friday before the pension announcement on the Monday. That “sod” has got a lot to answer for !!
I really hope you're right! Wish I had a pound for every time I'd thought that with PFD over the years....
My break even was 46p so I've reduced my exposure by a third (having nearly done it so many other times), so based on sod's law, that might boost the sp now :)
Yes this could definitely be it this time .
https://imageshack.com/i/pmJMrUAhj
Citywire
Premier Foods wins from home eating, says Shore
Premier Foods (PFD) is moving ‘into the mainstream’ as the maker of Kipling cakes benefits from the closure of restaurants under Covid-19 restrictions, says Shore Capital.
Analyst Darren Shirley reiterated his ‘buy’ recommendation on the stock, which he said had been ‘operating under the strain of excessive debt’ but is now ‘clearly moving from the investment shadows into the mainstream’.
‘With market-leading UK brands expected to be benefiting from the transfer of calorie consumption into the home and while recent warm/hot weather may have tempered some trading momentum, we remain positive,’ he said.
The analyst’s comment came as the St Albans-based owner of Mr Kipling and Bird’s Custard repaid £80m of loan notes, saving £4m in interest payments and showing proof of its cash-generating powers, the company said.
Shirley added there was ‘potential for material rating expansion’ of the shares, which firmed 1.8%, or 0.8p, to 46p.
https://uk.advfn.com/p.php?pid=legacydaily&epic=L^PFD&type=4&size=3&period=4&ind_type1=1&ind1_1=&ind2_1=&olx_1=3&ma_type1=3&o_1maday1=10&o_2maday1=&o_colour1=1&olx_2=3&ma_type2=3&o_1maday2=50&o_2maday2=&o_colour2=2&olx_3=3&ma_type3=3&o_1maday3=100&o_2maday3=&o_colour3=3&scheme=&delay_indices=DELAYED_INDICES
100 % this is the best place I have seen PFD for a very long time.. I would say the value is starting with a pound in front.
After holding / being locked into these for about 8 years I can now say without dought that pfd are now in the best possible position they have been in for about 10 years.
They have growing sales, making profits, sorted thier pension problem and paying down debts, if anyone was interested in buying them out then now is the time, what great prospects they have and the only real question now is what are they worth? 80p -£1.00 a share and if they give out a very good rns in a few weeks then anything could happen.
Thanks for this, more good news to come then. Look forward to the finals. This is a relative safe stock at the moment then. Look forward to the continued rise.
Hi Tommyman,
The reduction in pension contributions is an estimate right now. My reading of the situation is that the reductions to cash contributions for the schemes that are in deficit will only happen one they're "allowed" to use any unused surplus from the RHM scheme. But that can't happen until the RHM scheme is put to bed, eg. by selling it to an insurer, to effectively guarantee its members their pensions now and in the future. So I think there's still a little way to go before that happens.
Hence the £80m is (amazingly) spare cash. The company have stated that the interest saving is over £4m. The floating notes are at L+500 which suggests that the repayment translates to reduced overall debt, ie. They aren't drawing down on the RCF (L+225-375) to repay any of it and simply switching from expensive debt to cheaper debt.
It's a good sign.
Is the 80 million excess cash or due to.a reduction in pension payments ? Or will the reduction in payments to the pension not kick in yet. Read that the reduction is from 320 million to 180 million ?