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.
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.
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.
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
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.
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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