2reincarnated, actually you can't ignore the drop below 50p, I think of the things you keep saying is that sub 50p days are long gone, plainly they aren't. Is this a drop before a bounce on results? Possibly but unless there's something really positive I fear the sp will hang around this range for a long time to come.
Hi, yes, bought in some years ago at 37p (equiv £3.70 ) . Averaged down to around £1.70 atm. You could all make a killing with this share if you do the exact opposite of me!!! Every time I think its hit bottom and buy, it just keeps on dropping. Last time I looked, and I try not to, I was around 70% down. Or a nice bottom of the range jaguar xf !
Average down if you can afford to. PFD have been in a mess for years now. Massive debt and pension deficits knocked the SP down where they had to stem the interest rates by selling off parts of the company. After selling some good and bad parts of the company, pfd was left with it's 8 core brands, it's power sellers. Unfortunately, Hovis was proving to be a problem. It was not power performing. Well pfd have now solved the problem of Hovis, solved the problem of the Debt and solved the problem of it's pension. It's done all this with the share issue and Rights issue. Now, to date pfd has been played by the markets. Up and down, going on sentiment. Now the company has been financial sorted out, but it is ripe to be played down to below the RI price to take out stops and play on sentiment. What will not of helped is the fact that supermarkets are not doing well at the moment with people in the uk tight for spare cash and so cut back on major brands. Hence more people are shopping at Aldi ect.
So it all seems like doom and gloom for pfd, but for the fact that the sp does not really show the true price for the company now. Pfd is worth more than the current sp and anyone buying in now will make profit in time. All I can suggest is invest wisely, as in, only invest what you can afford and do not invest too much in one stock. For any new investor here, buy, but hold a little back in case of a further drop which is always a good practise. Remember, BOD bought in at a lot higher price, as did the II's. If they are confident, then why should you sell at a lower price as to what they bought in?
from holders only of this share. I'm down more money on this share than I care to add up, so I would like any serious answers to what is happening and where we see this going in the near future. I know its not just PFD taking a beating with the FTSE having a retrace but with the half year results due next Tue I'm getting a little worried to put it politely
The act of it falling below 50p is merely accademic!!! This happens quite frequently after a rights issue. Money week is known ''trash'' I think you should go away and enjoy the good weather and comment again in september. Perhaps you should watch a movie ot two, but not a blue one!!!
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