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Premier Foods Share Chat (PFD)



Share Price: 46.75Bid: 46.75Ask: 47.00Change: 0.00 (0.00%)No Movement on Prem Foods
Spread: 0.25Spread as %: 0.53%Open: 46.50High: 47.25Low: 46.50Yesterday’s Close: 46.75


Share Discussion for Premier Foods


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2reincarnated
Posts: 2,691
Off Topic
Opinion:No Opinion
Price:46.75
hand on heart
Sun 22:46
hate to say it, but Nissin would not be interested in the whole company. However, remember in 2015 PF did not make a loss, but ''swung to a loss'' on restructuring costs in respect of sweet treats becoming a stand alone entity.
In plain English, Nissin could keep what they want and flog the rest. Moreover, a third party could bid and allow the deal with Nissin to grow.
 
bistolover
Posts: 155
Off Topic
Opinion:No Opinion
Price:46.75
ludicrous debt costs
Sun 22:40
We should not rule out offer from nissin for the 80% they don't own. Premier pays around �40-45m to fund the debt of around 535m, for the same amount nissin can fund 3 to 4 times this amount. So for �40m, nissin can fund the debt plus buy the shares from us for over �1 each with plenty of change left over.

In fact there are many other companies that can have cheap funding to do the above. Premier makes no sense being independent with ludicrous debt costs.
2reincarnated
Posts: 2,691
Off Topic
Opinion:No Opinion
Price:46.75
bistolover
Sun 20:32
A takeover can come tomorrow morning!!! But it is impossible for it to be Mc Cormick!!! However, it is possible for them to bid again in October, ''north of 65p''. The agreement with Nissin, is subject to PF remaining independent at the time of cooperation commencing. They bought in at +60p and in the event of somebody coming in with a bid which safeguards their interests, why would they block it?
bistolover
Posts: 155
Off Topic
Opinion:No Opinion
Price:46.75
a waiting game for takeover news
Sun 19:03
This has now just become a waiting game on when the takeover comes and at what price. Can a takeover offer come before the half year results on 15th November 2016 ?
JPTRADER
Posts: 277
Off Topic
Opinion:No Opinion
Price:46.75
Happy days
Sat 15:17
Things do look good for PFD, let's see how it performs running up to the next update, I'm personally sold out but was emotionally attached to this in the 30's, sold out close to the 40s I believe. May look to add in upcoming weeks and months.

Takeover chances look promising, but might be a while away then and will depend on the performance of the company.

GL all, DYOR
WelshVagabond
Posts: 558
Off Topic
Opinion:No Opinion
Price:46.75
Happy days
Sat 10:14
sorry, posted the last message on the wrong board.
I still hold here but now post rarely.
I am very happy with progress by management and strongly believe that Nissin will take us over in 2016/2017.
GLA.
WelshVagabond
Posts: 558
Off Topic
Opinion:No Opinion
Price:47.00
Loyalty schemes
Fri 16:52
Sat next to a guy on a plane today returning from the Middle East after a business meeting with a bank.
His job, as a software designer, was to integrate his companies "loyalty schemes" into the clients banking platform / websites.
And he basically confirmed that it was, in his words, "a nightmare" to adapt his product to the client's different banking platforms. Often they sell the product then have a real problem meeting client requirements.
I have the name of the co. but wont post it on here. It wasn't monitise but a company specialising in loyalty and reward schemes for clients, with parent co. in UK.
Peter3
Posts: 148
Off Topic
Opinion:No Opinion
Price:47.00
RE: share chat
Fri 16:07
Hey Wolseley, Well I thought once, (back in the day) that I could play with the big boys. But after 30 years I know that fingers can get badly burned. I never invest more than I can afford to lose these days. My lesson was harsh, but when it directly affects yer pocket, you start to take notice and learn.
Steady as she goes. PFD is solid, it's not going to the wall anytime soon. So, just sit and wait and if you can't then you broke the rule about not investing more than you can afford to lose. I learned the very ward way.

GLA Pete
wolseley
Posts: 11
Off Topic
Opinion:No Opinion
Price:46.75
share chat
Fri 12:35
"immediate financial exposure is expected to be limited". Who pays these guys to talk nothing-Er, Er we do contribute as shareholders. To me this means the down side will not be too bad-but obviously this statement means absolutely nothing-I bet the author had a chuckle to himself; these guys will believe anything look what Dave and George used to feed the nation.
The shares go up, the shares go down and somebody makes a little money each time; we cannot play as our fee payment are larger. A game for the chosen few. So my tip is-Upward motion is limited and a downward trend cannot be ruled out because of exposure to Brexit. I now await a call inviting me onto the board to practice my linguistic skills. I've probable board you here -see that's another reason why I'm a contender.-I'm holding my shares, but I don't know why.
Peter3
Posts: 148
Research
Opinion:Strong Buy
Price:46.50
From Motley Fool Forward PE 5.5
Fri 06:58
A defensive bargain?

Premier Foods (LSE:PFD) might perhaps seem an unexciting prospect, but it did get a few hearts beating in March when a takeover approach from McCormick & Company sent the shares soaring. It didn't come off and the price fell again, but Premier Foods shares are still up 48% since the bid, to 46.8p.

Today the company told us that Q1 sales were up 1.9% with the fourth consecutive quarter of sales growth. Worried about Brexit? Chief executive Gavin Darby reckons the firm's "immediate financial exposure is expected to be limited".

Expectations for the full year are unchanged, so at this stage we're looking at a welcome 5% EPS rise, putting the shares on a forward P/E of just 5.5. Year-end net debt stood at £534m, which goes some way to explaining the apparent undervaluation of the company with a market cap of £385m, but I think we're still looking at a decent long-term investment.

Sounds good to me.
GLA - Pete




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