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Premier Foods Share Chat (PFD)



Share Price: 60.50Bid: 60.25Ask: 60.50Change: 0.00 (0.00%)No Movement on Prem Foods
Spread: 0.25Spread as %: 0.41%Open: 64.00High: 63.75Low: 60.25Yesterday’s Close: 60.50


Share Discussion for Prem Foods (PFD)


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tommyann
Posts: 74
Observation
Opinion:Strong Buy
Price:120.00
Sky
27 Nov '13
We'll that was quick. Good day tomorrow then me thinks. And all that doom and gloom floating around.
 
2reincarnated
Posts: 1,268
Off Topic
Opinion:No Opinion
Price:120.00
well well well?
27 Nov '13
Bicbiro
Posts: 112
Off Topic
Opinion:No Opinion
Price:120.00
View Thread (2)
RE: sorry by the way
27 Nov '13
RI Maths

What happens on a rights issue depends on 2 things: 1 the maths and 2 any change in sentiment

The maths bit:
Eg pfd currently have 240m shares at eg 1.25 ie a market cap of £300m and a p/e of 4.5x
They issue 500m shares at eg 88p and raise £440m (assuming no costs)
They are now worth £740m and have 740m shares in issue so the shares should be worth £1.
But you also need to add a bit for the interest saving of say 8% on £440m, but post tax that is c£27m.
Citigroup are forecasting £66m of net profit this year so post rights net profit increases to £91m which at £1 a share equates to a p/e of 8.1x

This is then where the sentiment bit kicks in. Clearly Premiers current p/e of 4.5 points to the markets continued expectation of distress. If the rights issue removes that discount, what should the p/e move to? Higher than 8.1x and the share price should move up, lower and it should move down. If the markets don't think the RI removes the problem (what if they can't actually raise £440m and can only get say £200m) then you won't remove the distress element, you won't get to a normalised p/e and you are throwing good money after bad. Go to jail, do not pass go, do not collect £200.
Northandy
Posts: 639
Off Topic
Opinion:No Opinion
Price:120.00
Fernie123
27 Nov '13
"I topped up at 3p and got out at 163p"

Really?, I thought you sold most of your Pfd holding in March?, or maybe I'm mistaken.

Oh that's right you sold at 163p with a 50% profit, or maybe I'm mistaken again.

Maybe your just embellishing your gains to prove a point...

I've made money here, but only have a small holding now.
cthed
Posts: 143
Answer
Opinion:No Opinion
Price:120.00
View Thread (4)
RE: Dotnova. haha
27 Nov '13
We got very close as I bought my first lot at a little over the old 3p...
MrB386
Posts: 702
Off Topic
Opinion:No Opinion
Price:120.00
View Thread (4)
RE: Dotnova. haha
27 Nov '13
Unfortunately did hit intraday low of 3.1p beginning nov 2011 but Fernie is still talking rubbish cos there's a 10:1 consolidation to factor in even if it was true
Peter3
Posts: 87
Off Topic
Opinion:No Opinion
Price:121.00
View Thread (4)
RE: Dotnova. haha
27 Nov '13
Now this is getting out of hand !!!

We NEVER EVER went to 3/30p, even INTRADAY.

So Lies, & lies.

Where is the videotape??
Fernie123
Posts: 225
Observation
Opinion:Hold
Price:120.75
View Thread (4)
Dotnova. haha
27 Nov '13
Rambling fool comes to mind. I topped up PFD at 3p and got out at 163p. Hmm.
Dotnova
Posts: 164
Observation
Opinion:Hold
Price:121.25
Malibu and Fernie (simple as..)123
27 Nov '13
OMG - share advice from Fernie! 3 golden rules? Only one really - don't follow a clown! He had PFD at £2.80 and sold for 15p! Ramped AMA at 32p - now 12p! A Walter Mitty character who has a large ego in defiance of facts!! Beware!
queserasera
Posts: 1,616
Off Topic
Opinion:No Opinion
Price:120.25
View Thread (2)
sorry by the way
27 Nov '13
From my experience of RI's, the SP has dropped on some and gone up on others. I remember being in 3i a few years ago, and on the announcement of a heavily discounted RI the SP shot up. I was under the impression that PFD was rising (the last rise from 60p - 180p) because of a RI prending, so therefore it is/ was being regarded as a positive thing. Anything that shows that the debt is being tackled will increase the SP because that is the only problem that PFD has.
Can I just say also that when the SP starts to drop, the hovering vultures on here don't half disgrace themselves.



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