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Michael Masterman talks on WRES potential & Tungsten market


Premier Foods Share Chat (PFD)



Share Price: 44.75Bid: 44.50Ask: 44.75Change: 0.00 (0.00%)No Movement on Prem Foods
Spread: 0.25Spread as %: 0.56%Open: 44.25High: 45.00Low: 43.75Yesterday’s Close: 44.75


Share Discussion for Premier Foods


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Smellyben
Posts: 148
Off Topic
Opinion:No Opinion
Price:44.75
RE: Re:Merrill Lynch stake
Tue 21:37
That's my understanding too
 
2reincarnated
Posts: 2,942
Off Topic
Opinion:No Opinion
Price:44.75
Re:Merrill Lynch stake
Tue 20:41
so we still do not know who bought it, but what we do know is it was all in one go?
bistolover
Posts: 281
Off Topic
Opinion:No Opinion
Price:44.75
chopping block itv
Tue 18:38
has anyone seen chopping block on itv recently, seems a lot of mr kipling adverts, could this be sponsored by Mr Kipling. If so, how much is being wasted on a crap product that is treated by consumers as own label
bistolover
Posts: 281
Off Topic
Opinion:No Opinion
Price:44.75
RE: small print in rns
Tue 18:07
agree this is positive. My only concern is darby, he can't be trusted to work for small shareholders, so just pointing out areas that he can exploit.
Smellyben
Posts: 148
Off Topic
Opinion:No Opinion
Price:45.00
RE: Re:rns
Tue 16:37
seems odd I know, they are supposed to declare within about a week but for whatever reason it doesn't always happen like that - same thing happened before Xmas when JP Morgan sold 5.75% of their shares in mid November and we didnt hear who bought them (Merrill as it happens) until 6 Dec.
2reincarnated
Posts: 2,942
Off Topic
Opinion:No Opinion
Price:44.75
Re:rns
Tue 15:57
looks like the owners of that batch do not need to declare?
2reincarnated
Posts: 2,942
Off Topic
Opinion:No Opinion
Price:44.25
if Mc Cormick had todays news
Tue 14:33
They may have just gone to 70p, they still would if Nissin were not around.
H-hi
Posts: 883
Off Topic
Opinion:No Opinion
Price:44.25
RE: small print in rns
Tue 14:16
I agree with smellyone on that note.........GD is up to something now. He didn't have enough time to get this pension deal / scam / ponzi or whatever out last year. McC was skeptical about the pension liability back then as well. This is one tiny good news that is very late so we need an offer ASAP.
Smellyben
Posts: 148
Off Topic
Opinion:No Opinion
Price:44.50
RE: small print in rns
Tue 13:51
For gods sake bristol you are talking nonsense !! How can this be anything other than positive!

An extra £32m in cash over the next few years - a pension deficit £100m lower than this time last year (circa 12p on the share price).

We can all have opinions on the trading and that is fair enough but to see this as anything other than good news is obtuse!

The pension fund quite reasonably said if you are earning oodles and oodles of money can you close the deficit a bit faster which-is more than reasonable and if we ever got to that stage all shareholders would be happy!!

As for a takeover this clearly improves the situation. Last year the result of this triannual valuation & deficit reduction plan was obviously unknown and potentially a risk and so a barrier to a buyer. The deficit is now clear, known and agreed with the funds and so risk is much less.
bistolover
Posts: 281
Off Topic
Opinion:No Opinion
Price:43.75
small print in rns
Tue 12:26
looks like the real reason why the pension payments were reduced is due to drop in profits.

"As part of these overall reductions, the Company has also agreed with the Premier Foods schemes a mechanism (including limited changes to the existing dividend matching agreement) to allow the schemes limited further cash contributions in the event the Company outperforms certain agreed profit targets"

so payments will increase if profits increase, so management still want to maintain a zombie status. Is this to help reduce the value for a future buyer such as nissin or Mitsubishi




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