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Premier Foods Share Chat (PFD)



Share Price: 39.50Bid: 39.30Ask: 39.45Change: 0.00 (0.00%)No Movement on Prem Foods
Spread: 0.15Spread as %: 0.38%Open: 39.90High: 39.90Low: 39.25Yesterday’s Close: 39.50


Share Discussion for Premier Foods


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bistolover
Posts: 546
Opinion:No Opinion
Price:37.15
RE: Sunday Times
Today 09:33
meant to say debt level as not changed much since. Darby has a get out of jail card which is to sell 49% hovis for £100m, or get £100m from rhm pension scheme, else he should be kicked out without a penny more.
 
bistolover
Posts: 546
Opinion:No Opinion
Price:37.15
RE: Sunday Times
Today 09:27
as it is the times, I would have thought they would have communicated with oasis, so must be a good representation of oasis thinking.

So now the market cap is less than the money raised at the rights issue 4 years ago and the debt has changed since. How many free shares has the management had, They should not issue even a single free share to any manager until we got 65p, or the share options are at a buy price of 100p, darby must go immediately, no doubt there, the finance director can be actng ceo.
dogger
Posts: 261
Opinion:No Opinion
Price:37.15
RE: dogger
Today 09:24
Someone mentioned on an earlier post that Nissin can’t vote at the agm because they are on the board. Is that correct do you think ? Also I would very much like to know what the Oasis strategy would be if they did get GD removed. Who would they suggest as CEO, and what would the strategy be ? Also what part do Nissin play in all this ?
Interesting times
oldtimer
Posts: 5,227
Opinion:No Opinion
Price:37.15
dogger
Today 08:44
Some article that and all very true, interesting that the sunday times has Oasis down as having 9.3% and not the 8+5 mentioned on say interactive investors site.
Now sure what is correct now, but if it is 9.3% even more clout and bigger voting rights.
H-hi
Posts: 3,087
Opinion:No Opinion
Price:37.15
RE: have faith in oasis
Sat 18:20
The chairman is über dumb to be squaring off with a big shareholder with 8% stake. The overpaid and useless directors have lost it, they are mere workers and should be judged by their results. The bastards are overpaid, overcompensated but still think they can have their job for life. No way, let somebody different make those free money, Darby ain’t that smart and any new ceo can’t do much worse. Darby is hiding something terrible, the reaction and response to the offer was very suspicious. They should have been so happy to attract a bid but the bastards knew they won’t have a job anymore. Greedy bastards with multiple directorships can’t let this sorry company be run properly.
H-hi
Posts: 3,087
Opinion:No Opinion
Price:37.15
Lying bast***
Sat 18:10
Always shaking like a leaf during presentations, they must have gagged analysts from asking him about his failure to improve sp close to the McC offer. He keeps launching crappy products on purpose........same guy that worked for top companies like Vodafone and Coca-Cola?
H-hi
Posts: 3,087
Opinion:No Opinion
Price:37.15
RE: rns
Sat 18:07
Darby works for his friends in the city........bondholders, share manipulators and advisers. Darby should be sacked by the board, the chairman needs to be removed as well for backing a bastard that is bent on screwing shareholders. He chased McC away then slept with Nissin. I don’t care as long as he keeps the sp close to McC offer. He lied about growth, he should be sacked instantly and all those free juicy shares should be clawed back. FCA needs to investigate him as well.
max19
Posts: 2,378
Opinion:No Opinion
Price:1.54
RE: 1.54...
Sat 13:51
Don't mind it as the rest of my portfolio is worth few hundreds millions now...handed my notice,and going on holiday...:-)
guttedman
Posts: 45
Opinion:No Opinion
Price:1.54
RE: 1.54...
Sat 12:55
Gave me the shock of my life this morning that sp......
oldtimer
Posts: 5,227
Opinion:No Opinion
Price:37.15
bistolover
Sat 12:54
You could probably do a good job , but I don't think you have big enough pockets to hold all those free / cheap shares that go with this job.
I would just be happy to get back, what £1.50 a share and then all would b forgiven for now.
guttedman
Posts: 45
Opinion:No Opinion
Price:1.54
RE: sp
Sat 12:52
Yeah what's that about??! They don't seem to like him in charge but now appear to not want him go either! A no win situation for us all sp-wise...
Personally mind, I want Darby OUT!
bistolover
Posts: 546
Opinion:No Opinion
Price:37.15
have faith in oasis
Sat 11:21
oasis are for the shareholders and will do what they can to improve shareholder value. Darby will line up his pockets and also his friends, he has shown complete contempt for small shareholders.

The market has only re-acted to what premier board have said, oasis have not yet released there plans, we will wait for these and then see where the share price goes.

The chairman could have contacted oasis first to ascertain their concerns, but went straight to defending darby. If the chairman gets feedback that other shareholders also want darby out, then he will change his position very quickly.

The chairman should also contact potential buyers whilst he is doing the rounds. I am available for the ceo role, but he does not have my number.
max19
Posts: 2,378
Opinion:No Opinion
Price:1.54
1.54...
Sat 10:55
Typically here,even after a glitch we are massively down here whilst others gains hundreds and thousands %.....:-(
oldtimer
Posts: 5,227
Opinion:No Opinion
Price:37.15
rns
Sat 08:58
It might be unlikely that Oasis get's rid of GD , but it might force pfd to sell off some businesses and bring down debt this year, then improving the sp.
What ever it does it must force the bod's to make some big changes fast, now they know the feeling out there with many shareholders.
oldtimer
Posts: 5,227
Opinion:No Opinion
Price:37.15
sp
Sat 08:55
Going by the sp drop it doesn't look like the city like the Oasis plan to remove GD.
dogger
Posts: 261
Opinion:No Opinion
Price:37.15
Keith Hamill
Sat 08:45
Has just been sent an email supporting the Oasis stand on GD. Don’t suppose it will do any good.....but i5 made me feel better.
dogger
Posts: 261
Opinion:No Opinion
Price:37.15
From the independent
Sat 07:32
Premier Foods has kick-started efforts to quell a potential revolt aimed at ousting its chief executive after being blindsided by a top shareholder.
The company’s chairman Keith Hamill is understood to be contacting investors to reiterate his faith in boss Gavin Darby following news that Oasis Management plans to vote against his re-election at Premier’s forthcoming AGM.
Oasis, which is Premier’s second largest investor with a stake of about 8%, also intends to encourage other shareholders to do the same.

Premier Foods, which is behind Mr Kipling cakes, Ambrosia custard and Bisto gravy, was caught unaware by the admission made by Oasis at a press conference in Japan.
The announcement prompted the board to issue a market statement backing Mr Darby and urging shareholders to follow suit at the AGM on July 18.

Premier Foods declined to comment any further.
Oasis is a major shareholder, second only to Japan’s Nissin Foods Holdings, which now holds a stake of around 19%.
dogger
Posts: 261
Opinion:No Opinion
Price:37.15
RE: take back control
Sat 07:29
We went down over 5% yesterday on the Oasis news. Looks like the market doesn’t like it....just the uncertainty, I guess.
How can we find out the specific reasons why Oasis as saying what they are - apart from the obvious one of course.
AndAnotherThing
Posts: 112
Opinion:No Opinion
Price:39.50
RE: take back control
Fri 00:29
More than just Darby have to go, in my opinion.

I have given my annual agm-get-rid-of-Darby instruction but added No to the other Resolutions as well.

I don't trust these directors to do what's right; although, it sounds like Oasis is only naming Darby so far, and they have the inside information. They know that Darby is the main problem. We've known that all along too, but it's good to have it confirmed by someone who has shared the office with him, and with the other Directors.

The PF propaganda just released says the remaining ones at the trough unanimously support Darby; so, it seem to me that they should all follow him out the door. PF needs a fresh start with honest leadership who have some integrity and who want to make the company a success, not just line their own pockets.

I only wish we could do more than just sack Darby...lock him up and make him pay back his salary and return his shares, for a start...then have him reimburse shareholders at 30p per share for the Nissin-McCormick scandal. If only that were a Resolution at the AGM.
bistolover
Posts: 546
Opinion:No Opinion
Price:39.50
take back control
Thu 20:14
the share holders own the company, not sure why the board keeps saying other stakeholders, only shareholders matter.
bistolover
Posts: 546
Opinion:No Opinion
Price:39.50
fight back has started
Thu 19:55
hopefully darby will not be ceo by the agm. Nissin cannot vote as they are on the board. If paulson also votes with them, it will be goodbye darby. The company can then attract buyers for the parts or the whole business, these will be able to raise funds cheaply.We have had 5 years of throwing money down the drains with nothing to show for it other then very well rewarded bond holder, banks gifted money like there is no tomorrow. The rhm scheme is £700m in surplus and management team have not been able to get a penny back. gave away hovis plus loans to them..
oldtimer
Posts: 5,227
Opinion:No Opinion
Price:39.50
rns
Thu 17:51
Looks like Oasis are not willing to wait any longer for GD to do his work, maybe if they still fail to get him removed they will buy more shares and try a full takeover.
dogger
Posts: 261
Opinion:No Opinion
Price:39.50
RE: Oasis.
Thu 17:43
Just spoken to the Halifax (who hold my shares) and instructed them to vote against GD.....we are on our way !!!
Consultgreg
Posts: 246
Opinion:No Opinion
Price:39.60
RE: Oasis.
Thu 16:04
Great news, really simple, but everyone who has ever moaned on this site, should use this as an opportunity to vote as the AGM

https://www.premierfoods.co.uk/getattachment/investors/shareholder-centre/2018-Form-of-Proxy.PDF.aspx




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