I had thought about buying in again a week or two ago when it was 129 but passed - like you just as well. Looked at the chart on this today though and see these sub 120 predictions were right. Will keep an eye on it from here for entertainment more than anything as I have gone to other pastures but have fingers crossed for all these holding. If the company comes good in the end then anything under £2 will seem like a bargain. PFD sure is one hell of a rollercoaster.
I mentioned about 2 months ago that I would, only, be interested in buying back into PFD at £1 or below. I still believe that this share has a lot of potential but there appears to be unknown forces steering it. Some shares are a gamble and PFD is top of that list. It will either make you money or completely knock you for 6! Tread carefully....
Well I thought about topping up a little more myself the other week but decided not to, just as well, we have now seen a drop of approx 36% since the £1.84 price only weeks ago. not sure how far this will go down to but who knows £1 could be in it's sights.This still has good prospects and December will be a big profit time for the company so I see these coming back to the £1.60 - £1.90 level by end Jan. Time to top up about the £1 - £1.10 level and then just sit tight.
Market forces are at play. Last week it actually traded over £1.40, but could not hold onto gains. Subsequently on a daily basis it has risen, sometimes strongly, but not held onto gains. As a ''rule of thumb'' in these situations, shares fall more than they should, but when they rise, they rise more than they should as well. Can see a strong recovery!!!
Can any one see a reason why these shares are dropping? no news since the last statement which didn't seem too bad yet still dropping. Hovis problem is being tackled Supermarkets seem full of PF goods ready for Christmas yet the price just keeps falling.
Premier Foods Plc : Premier Foods wins three top national food manufacturing awards 11/22/2013 | 04:39pm US/EasternRecommend: 0 22 November 2013
Premier Foods has won the coveted title Food Manufacturing Company of the Year and two other trophies in the industry's Oscars - Food Manufacture's Food Manufacturing Excellence Awards (FMEAs) at the London Park Lane Hilton, in a glittering awards ceremony last night (November 21).
The firm won the ultimate accolade in food and drink manufacturing after first winning the awards for Ambient Manufacturing Company of the Year and Training Programme of the Year.
Its achievements were recognised in front of hundreds of industry guests, as Simon Ellmore, Premier Foods' Ashford factory general manager received the Food Manufacturing Company of the Year award from Mark Lynch, partner with category sponsor Oghma Partners. They were joined on stage by awards presenter and TV Countryfile star Julia Bradbury.
The award judges - led by judging panel chairman Paul Wilkinson - praised Premier Foods' Ashford factory's incredible fortitude in turning around a business that was earmarked for closure in 2007 into a successful operation today.
The judges said: "Premier Foods has shown great skill in carrying out a major restructuring of its operation against a difficult backdrop, which has resulted in continuous year-on-year improvement."
Earlier in the evening Premier Foods won the Ambient Manufacturing Company of the Year, sponsored by Nigel Wright Recruitment. The judges said: "Premier Foods has been doing very good things at Ashford - driving efficiencies while reducing waste. The ability to get the buy-in of its people during this difficult transition was particularly strong."
The annual FMEAs, run by Food Manufacture magazine and its website FoodManufacture.co.uk, is the premier event in the food and drink manufacturing calendar.
Rick Pendrous, editor of Food Manufacture, said: "The FMEAs go from strength-to-strength each year in recognising top achievement in the field of food and drink manufacturing."
"Selecting the Food Manufacturing Company of the Year proved a tough challenge but Premier Foods' success in carrying out a major restructuring plan, with the support of the whole factory team, made it a worthy winner."
In the ambient category, American Muffin was also shortlisted.
Premier Foods also won the Training Programme of the Year sponsored by FDQ. The judges noted: "Premier Foods has managed to engage every member of the staff at all levels of the business. It was great to see innovation in the training programme, which was quite quirky but effective."
Also shortlisted in this category were: The Authentic Food Company, British Sugar and Tamar Foods.
Mincepies or alternatively a jar of Robertson's mincemeat and make your own with Be-ro or McDougalls flour and that's the choice or duplication out there you face. Had 3 votes out of 4 for the home made.
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