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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


Premier Foods Share Chat (PFD)



Share Price: 39.75Bid: 39.50Ask: 39.75Change: 0.00 (0.00%)No Movement on Prem Foods
Spread: 0.25Spread as %: 0.63%Open: 40.00High: 40.00Low: 38.75Yesterday’s Close: 39.75


Share Discussion for Premier Foods


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bistolover
Posts: 359
Off Topic
Opinion:No Opinion
Price:39.75
RE: we can remove darby
Fri 19:12
you could be right. they must get preferential over the large amount of bonds paying around 6.5%, this is 20% in three years.

all darby had to do was use the cash generated to pay down the debt, the risks would have come down rapidly but he decided to create complex financial setups where at least 100m ( exluding the coupon payments) of shareholder funds were moved to his friends in the city. The debt is higher now then it was in dec 2013, 9 months after he started at premier

Yet more debt was added from recent new bond issue, to replace existing bonds. why was this needed if £40m of debt was going to be paid off in a year through cash generation.

All I can think he wants to increase the debt further, with 20% like for like profits down in his time at premier, what will the share price be like.

we need to vote against him, it may not fully work, but will send a message to the new chairman, whoever he is, just hope darby is not planning to take on chairman role on as well.
 
H-hi
Posts: 1,564
Off Topic
Opinion:No Opinion
Price:39.75
RE: we can remove darby
Fri 17:51
Sorry we can't, these funds must be getting at least 2.5% return for loaning out shares to shorters! Fund managers make more money loaning out shares.
bistolover
Posts: 359
Off Topic
Opinion:No Opinion
Price:39.00
we can remove darby
Fri 13:33
although we each have small holdings, together this will add up to a large amount.

each share has a vote and this needs to be used to give the board a message to say we the small holders cannot be ignored and kept in the dark, not be giving trash by Darby year after year.

Darby is working for nissin only not for other shareholders interest. another year or 2 and nissin will be able to buy the remaining 80% for fraction of today's price.

vote to remove darby
2reincarnated
Posts: 3,060
Off Topic
Opinion:No Opinion
Price:39.00
year low 36,5p
Fri 13:31
today we are barely at 39p, how much more can we take? If GD has a plan, he should release details, if not he needs to go.
H-hi
Posts: 1,564
Off Topic
Opinion:No Opinion
Price:38.75
RE: Collapse
Fri 10:49
FCA must investigate Darby as i personally think he was responsible for Nissin's blocking stake but he also lied about growth which was misleading and could amount to shareholder fraud. I hope FCA goes after individuals and not the company as i can't afford the SP to go lower.
dogscott
Posts: 413
Off Topic
Opinion:No Opinion
Price:38.75
Collapse
Fri 10:35
GD and his mob must be congratulated for killing the sp. How do the institutions allow them to remain with this performance?
2reincarnated
Posts: 3,060
Off Topic
Opinion:No Opinion
Price:38.75
styfan
Fri 10:11
why play the SP down if not buying shares?
StyxFan
Posts: 522
Off Topic
Opinion:No Opinion
Price:38.75
Nissin...
Fri 10:09
may be one of the culprits playing the SP down!
H-hi
Posts: 1,564
Off Topic
Opinion:No Opinion
Price:38.75
RE: Re: Nissin
Fri 10:00
We all have to thank Nissin for buying at 63p, that shows how much value that is being obscured by MMs and PFD board.
2reincarnated
Posts: 3,060
Off Topic
Opinion:No Opinion
Price:38.75
Re: Nissin
Fri 09:54
if the markets felt Nissin was interested in buying PF, the SP would not be where it is now. Many companies have a high SP and also stacks of money held as cash. But rather than ''throw it away'' they would rather wait until the right company comes along. It could be Nissin think the SP will get so low, that another company will come along and buy the whole lot. Nissin will by then be so far in with PF, that new owners will have to continue producing Nissin products.




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