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Premier Foods Share Chat (PFD)



Share Price: 40.00Bid: 40.00Ask: 40.25Change: 0.00 (0.00%)No Movement on Prem Foods
Spread: 0.25Spread as %: 0.63%Open: 40.00High: 40.25Low: 39.75Yesterday’s Close: 40.00


Share Discussion for Premier Foods


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Smellyben
Posts: 17
Off Topic
Opinion:No Opinion
Price:40.00
RE: Re: Hammer
Today 18:36
I think the point was they could pick up another 10% circa 33 million at 40p ish -instead of 63p - a couple of chunky buys of 1.7m went thro after hours for example which is probably them
 
2reincarnated
Posts: 2,665
Off Topic
Opinion:No Opinion
Price:40.25
Re: Hammer
Today 15:47
Think Nissin will take their time about it though. It will become very difficult for Nissin to ''average down'' in an environment in which we see improving results. In plain English, if the July update impresses, Nissin will probably only be able to stakebuild on the cheap, until the first rns is released.
schlepper
Posts: 3,230
Off Topic
Opinion:No Opinion
Price:40.25
RE: Hammer
Today 14:47
I will agree mate
seems to me that NIssin building a stake on much cheaper SP.call it averaging down..
2reincarnated
Posts: 2,665
Off Topic
Opinion:No Opinion
Price:40.00
Hammer
Today 14:14
But why did Nissin state a time period during which they wouldn't bid for the company outright?
Hammer.
Posts: 231
Off Topic
Opinion:No Opinion
Price:40.00
RE: schlepper
Today 13:18
I think Nissin was brought in as a partner and nothing more just to stop Mc
2reincarnated
Posts: 2,665
Off Topic
Opinion:No Opinion
Price:40.00
schlepper
Today 13:07
But that can only be because these are available for a ''new home'' At some point we will see buys, followed by a series of rns's. If Nissin can buy approx. 20% at 60p. why not another 9% at a lot lower?
schlepper
Posts: 3,230
Off Topic
Opinion:No Opinion
Price:40.00
SP........
Today 12:29
When the price is going up on the back of sells, (as it reporting here.....) THEN IT'S A GOOD SIGN......
Consultgreg
Posts: 195
Off Topic
Opinion:Buy
Price:40.00
steady rise and continue to top up
Today 09:54
You can't say Premier Foods (PFD) hasn't put its money where its mouth is. A total of £31m was spent promoting six of its major brands, which include Bisto and Mr Kipling cakes, and launching 20 new products across them. The strategy seems to be working. While sales were pretty much flat on a pro-forma basis (reported figures show a 15-month versus 12-month period), final-quarter turnover rose 1.4 per cent against analyst expectations of declines. Chief executive Gavin Darby said sales across the six brands had contracted by 3.4 per cent in 2014 but were now growing at the same rate.

This turnaround has prompted management to project sales growth of 2-4 per cent for FY2017. That doesn't include any impact from its recently announced partnership with Japanese instant noodle maker Nissin Foods, though, which isn't expected to be earnings accretive until the following year.

Elsewhere, international sales across the US and Australia rose 18 per cent on a constant currency basis. Net debt fell by £51m and the pension funding situation has improved, with one scheme moving from deficit to surplus.

Analysts at Credit Suisse expect adjusted pre-tax profits of £85m for the year ending April 2017, leading to EPS of 8.2p, compared with £86m and 8.3p in FY2016.
3cardbrag
Posts: 1,222
Off Topic
Opinion:No Opinion
Price:40.00
JMO
Mon 18:21
re "This has left investors understandably scratching their head wondering why Darby rejected two perfectly good offers". Simple. It's self preservation.
WelshVagabond
Posts: 536
Off Topic
Opinion:No Opinion
Price:39.50
RE: RE: RE: The City is piling pres..
Mon 16:05
I wouldn't be surprised if Nissin are buying now.




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