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Premier Foods Share Chat (PFD)



Share Price: 59.50Bid: 59.75Ask: 60.00Change: 0.50 (+0.85%)Riser - Prem Foods
Spread: 0.25Spread as %: 0.42%Open: 59.75High: 61.75Low: 58.50Yesterday’s Close: 59.00


Share Discussion for Prem Foods (PFD)


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2reincarnated
Posts: 1,266
Off Topic
Opinion:No Opinion
Price:131.75
3cardbrag
10 Nov '13
The bottom line is PF did not recently go to £1.85 on the basis of a clear ride ahead. Quite simply, the people who matter, ie the institutions, knew too well that PF being PF simply cannot be withou incedent. I feel we will see a recovery to £1.50 soon and £2 is not too far away from there. I have always said that PF is going to ultimately catch out a lot of people. Many will sell at £2, but it is only going to £2 because it has further to go.
 
queserasera
Posts: 1,614
Off Topic
Opinion:No Opinion
Price:131.75
haireydavey
10 Nov '13
Hi Davey
Yes, what a week. Good to see we are making some of our losses back anyway. I did sell some on Friday though, just to derisk a bit and put it into GGP. I will be selling some more in the near future and I am just going to ride my freebies.
I will then buy some PFD ( I have got a reentry price in mind), SVT and RR. (Thats the plan today anyway, lol).
ATB.
schlepper
Posts: 1,514
Observation
Opinion:No Opinion
Price:131.75
View Thread (2)
RE: Mail on Sunday
10 Nov '13
This SP has more downturn to 120p and perhaps below....only then it may represent an opportunity to buy in again........IMHO.......
3cardbrag
Posts: 274
Observation
Opinion:No Opinion
Price:131.75
View Thread (2)
Mail on Sunday
10 Nov '13
Article today slams Premier for charging individual suppliers £5000 + VAT to effectively remain as preferred suppliers to Premier. Does this smack of cash flow desperation I wonder?
3cardbrag
Posts: 274
Answer
Opinion:No Opinion
Price:131.75
2reincarnated
9 Nov '13
Don't agree that this is oversold. Although we are in a better position than a couple of years ago, the fundamental issues are still in the background which not only keep the sp in check but also allow MMs and traders to make some money on the ups and downs. I sold out here for the second time on the way up to the recent high. Mis-timed sale by a couple of weeks but happy with a several £000s profit again. Don't see this hitting £2 in near future without some big news and half expect to see further drop next week. Will go in again if gets down nearer to £1 as would like to have this long term in my P/F.
hairydavey
Posts: 2,766
Off Topic
Opinion:No Opinion
Price:131.75
quesera
9 Nov '13
Don't know if you are around mate but well done on marl mate if you are still in.I am actually on £7700 profit now thanks to the nice rise - almost recouped my losses from here, so hopefully can come back in soon. Still gutted I didn't buy more at 60p here, I think the 5 years just had the better of me. I still think Gavin should just flog Hovis altogether,without I we would be sailing here.Who will seriously want to buy a stake in it?It needs a 100% dedicated bread producing company that is already producing I thinkto make the thing work. Premier cannot offer enough time on it or money to compete with other brands. They have a superb portfolio of brands and I still think this is a great company, some little issues to sort out now,but compare the shape we are innow to early 2009 rights issue time. Massive and very well executed turnaround.Good luck pfders
2reincarnated
Posts: 1,266
Off Topic
Opinion:No Opinion
Price:131.75
expect to see a bounce!!!
8 Nov '13
next week it should bounce back to a more respectable figure, I hope!!! Bearing in mind today, it actually opened up a bit before falling back. It is in a ''technical'' state at the moment.
2reincarnated
Posts: 1,266
Off Topic
Opinion:No Opinion
Price:135.00
Bicbiro
8 Nov '13
The current SP reflects overselling. The SP will recover to above £2 from now until the summer. I will sell in the summer. After that the SP may fall way too much on the fact a rights uissue will be only 6 month ish away. PF will be battered, like it is now, but will be worth a punt, becaue after the rights issue it will be on a better footing.
Bicbiro
Posts: 110
Off Topic
Opinion:No Opinion
Price:135.00
View Thread (2)
RE: Bicbiro
8 Nov '13
Sorry, but I don't follow - you will sell in 2014 and then buy back in in 2015 in anticipation of the share price falling in the announcement of a rights issue?
2reincarnated
Posts: 1,266
Off Topic
Opinion:No Opinion
Price:138.00
View Thread (2)
Bicbiro
7 Nov '13
I will back a rights issue in 2015, but will sell in 2014 first. I think when the rights issue is announced, the drop in SP will be about the same as we saw with Thomas Cook. They are different companies, but the same in that the respective rights issues will finally put the debt problem to bed.



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