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Premier Foods Share Chat (PFD)



Share Price: 40.50Bid: 40.25Ask: 40.50Change: 0.00 (0.00%)No Movement on Prem Foods
Spread: 0.25Spread as %: 0.62%Open: 40.25High: 40.50Low: 39.25Yesterday’s Close: 40.50


Share Discussion for Premier Foods


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Laelaps
Posts: 471
Off Topic
Opinion:No Opinion
Price:40.50
getting out
Today 20:23
in the morning with a £2k loss, this is a dog and there are better places to put the cash i.e. DOR or UKOG
 
2reincarnated
Posts: 3,126
Off Topic
Opinion:No Opinion
Price:40.50
Re: Another event taking place
Sat 18:28
The worst case described equates to "debt 4 equity sawap". However,"another event" could be a full takeover by someone who wants to work with Nissin. It could be the sale of a brand like Batchelors or another company like Nissin taking a stake in PF. We don't even know whether or not Oasis are "secret agents" for the likes of Bright Foods, put another way Oasis could sell up.
SwanInvestor
Posts: 13
Observation
Opinion:No Opinion
Price:40.50
Batchelors
Sat 17:40
Within the Q1 Trading Update it states that “Batchelors...regained its position as market leader in its category." And that “This growth was due to the launch of the new convenient Super Noodles pot product in partnership with Nissin...” Nissin are also selling their Soba Noodles alongside similar products made by Premier Foods - how long are Nissin going to be happy competing with their partner Premier Foods? Surely they want to be the Market Leader and will want to buy the Batchelors brand. Question is ‘How much is it worth to them?'
bistolover
Posts: 406
Off Topic
Opinion:No Opinion
Price:40.50
RE: not even second class
Sat 03:53
https://www.ft.com/content/3a8b239e-6d36-11e7-b9c7-15af748b60d0


As part of Generation Z, Little Miss Lombard is bemused by her parent’s nostalgia for Bovril and Bisto — and regards Ambrosia custard and Angel Delight, for all its repackaging in ready-to-eat pots, as sensory abuse.

Grown-up Lombard is equally bemused by those who buy shares in Premier Foods, which whips up Angel Delight and other sundries.

On Thursday, the group lifted the tea towel on another slide in sales. Premier’s branded grocery revenues — Oxo, Bisto and Sharwood’s curry sauces — which contribute well over two-thirds of Premier’s profits dropped 8 per cent in the first quarter. Premier can’t seem to get the recipe right — whether it is rising costs of sugar and chocolate, pricing pressure, forex, cost inflation or the weather. Tellingly, Gavin Darby, chief executive, didn’t get a bonus this year.

The update was made that much more bitter coming a day after McCormick, the US maker of spices and hot sauces, agreed to pay $4.2bn for rival brands from Reckitt Benkiser. That equates to about 20 times earnings before interest, tax, depreciation and amortisation.

It is a year since Premier’s board wrinkled its nose at a 65p approach from McCormick — worth about 10 times earnings before nasties — and poisoned the well by partnering up to Nissin of Japan. The noodle-maker now owns a fifth of Premier’s shares.

Mr Darby on Thursday said the good news is that Premier’s market share has increased. He does not say at what cost. He also says sales growth will pick up in the next quarter ”assuming normal UK temperature trends”. He shouldn’t bet his job on that in an era of climate change.

Premier continues to be bloated with £534m in net debt and a pension deficit of £310m, about equal to the value of equity. The company dreams of cutting debt to below three times ebitda within four years. Brokers at Shore Capital believe that “at some stage another ‘event’ has to take place, probably where the debt holders become shareholders”. ‘Nuff said.
bistolover
Posts: 406
Off Topic
Opinion:No Opinion
Price:40.50
RE: RE:G D
Fri 18:45
we just need to wait 3-4 months for the half year results and see if darby is still the ceo, he has to deliver. He must have begged the Institutional investors for a final chance. Is this or he has got Putin to get dirt on all the big investors. Russia want Mr Kipling.
Expattwo
Posts: 63
Off Topic
Opinion:No Opinion
Price:40.50
RE:G D
Fri 16:50
Surely a quick visit to the vets for treatment to rid itself of the
parasites that inhabit this dog of a share, then off to the
groomers made to look respectable for prospective new
owners.
southcbubble
Posts: 1,979
Observation
Opinion:No Opinion
Price:39.75
RE: G D
Fri 16:23
GD given the vote of confidence. But is this not like football, where the BOD give the manager a vote of confidence only to give him the sack the next week / month!

Surely something is brewing, and maybe another takeover that this time will finally happen!

PFD have some good brands, all they need to get things moving again is a new CEO and BOD with some imagination and some common sense!
bistolover
Posts: 406
Off Topic
Opinion:No Opinion
Price:39.50
not even second class
Fri 12:44
I thought Shore capital upgraded their views, according this article they are saying another event where bond holders become shareholders, bad reporting or future reality.

https://www.ft.com/content/3a8b239e-6d36-11e7-b9c7-15af748b60d0
dogscott
Posts: 421
Off Topic
Opinion:No Opinion
Price:40.00
RE: G D
Fri 10:31
How ever thick skinned and well paid he is. His poor performance and the recent open letter (that does reflect a lot of our view's), must be in his thoughts. Unfortunately we are all going to be stuck with this dog of a company and the failing management team for a long time.
guttedman
Posts: 33
Off Topic
Opinion:No Opinion
Price:40.25
RE: G D
Fri 10:13
Did anyone who went the AGM notice if Darby was wearing James Nesbitt's "Lucky Man" bracelet? It's the only explanation I can think of!




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