Who are you to call people dumb, some people have lost 000k's in this share me included but watch with hope that it may get to a price that we can guarantee an increase, and 39p is not where I see it to buy. This share has been manipulated and lied to by GD the God of pfd and where are we are year after.... oh yes 39p
Absolutely correct, Nissin essentially paid 63p not for 17% of the company, but to stop Mc Cormick getting 100% of the company, at a price GD and the board did not accept. It must be appreciated, the Nissin agreement only applied whilst PF remained independent. What continues to baffle me is how the bid of 52p in February was kept secret until late March and nobody knew about it. In contrast, in April 2012 the SP rose from 15p to 18p on bid speculation, without a bid being made. Furthermore in October 2013, the SP again rose on bid speculation with no bid actually being made. In early 2016 a ''physical bid '' is made, but we see no SP movement and the bid is kept secret for about a month. Most peculiar!!!
Some people here are dumb.......can't see the value. Why the F would Nissin pay 63p a piece for PFD? Do you think PFD, MMs care about little investors? PFD is worth at least 63p you dumb people......but timing is the problem for poor unfortunate souls that private investors are. Just buy and wait for the offer and shut up!
The bottom line is, with PF we simply do not know what is going to happen next, it simply does not follow logic. I fully understand and appreciate the frustration felt and the anger towards GD. However, we cannot have a situation in which GD rejects a bid and has no strategy in place with Nissin, to get the SP anywhere near 60p a year later. Quite simply, by the end of March, GD has to show why he rejected MC in favour of Nissin, otherwise think how bad things will look like if the SP is still in the 30/40's.
Could be retreating back to the pre-bid, no bid, phantom bid, several bid level of 32....performance since then has been worse and now a profit warning; but, a bid of around 62.5 could happen at 32.5, to start where the other situation supposedly left off.
Likely be an appetite for not much more of a bid - i.e., could be sold at 66.5. The exchange rate doesn't make pfd more valuable, and the buyer is going to see it as a benefit to have to pay less in a foreign currency, and not as a chance to shell it out to pi's to be nice.
agree, this looks like breaking below 39p and lower. There is no offer in sight so more pain for small shareholders. Nothing good is going to come from the company to give market confidence. a dead share that is only ever going to drift lower. Profits are dropping faster than debt, so matter of time before another rights issue is talked about.
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