With PF to date, it has seldom risen on the grounds of logic. However, 80p represents the value when ''the dust settles'' You must remember it rose to £1.65 from about £1.30 on the announcement of the rights issue.
Many Premier Foods products like Mr Kipling are being deep discounted in supermarkets. Profits might be higher when prices are returned to normal. "Rules state that the non-discount price should be the amount a product was sold at for 28 consecutive days immediately prior to it going on offer, while a product should not ordinarily be on offer for longer than it was at the higher price.". Will volumes drop when th discounts end?
OK so this is where the skill comes in with share dealing, for the last few days it has traded between a very tight band of 59p – 62p, and now I will use some of my 25 years share dealing experience and predict that for the next few days it will go up a little down a little and trade the same a little but within the next 6 months it should be about 80p-£1. and now we just wait and see. Simple. !!!!!
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