I'm no expert at all, however I have been watching for a good buy in point for PFD.
My fear here is that with the likes of Lidl and Aldi eating into the market share of the more conventional supermarkets I can't really see how PFD can grow unless they get a lot of their products stocked in them.
It's only my opinion, but I am looking at how they can drive their distribution channels further and would seem the obvious choice to me.
It is very confusing how they put it and I would not b surprised that they have ticked a wrong box. I am personally taking it as they have unloaded their shares and have sold all or near enough all. This would be part of the reason for PFD to drop further than most people expected it to. On the plus side, they are gone and the sp can now rise again as there is no longer a seller. I personally give my rubber stamp of approval for a "BUY" on this share now and would expect 100% return in the shorter term. I'm only in atm on a small spread bet but will buy in if I can juggle a few shares about before it rises too much.
I thought at first the note was just reiterating the number of shares from the previous increase, notified on the 8th , . So no new threshold was crossed.
But some suggested that this meant they have dumped shares to level that does not need be published. I checked another site, and UBS were not listed as holders of PFD. So that kind of made lots of sense.. But they have 4.7% voting rights, listed in section C,(8th)
But again the reason for the notification was an increase,. it gave the previous total(8th), but not a new total,, maybe because they are the same, no change . It did not mention a disposal, or give a new smaller total, maybe they don't need to.. In sections C for "Financial Instruments with similar economic effect to Qualifying Financial Instruments", they have not filled this in, but they have 4.7% of voting rights(8th). In the section for all combined voting rights they have below notifiable threshold too..
So either they have dumped some shares, or there is no change from the 8th..but why issue another note.. depends how you read these things..
legobrickgirl sounds to the point, so at the moment I am thinking thats probably the way to go.
I was thinking that but that means they haven't taken up rights which seems a bit daft via theyve now list a load of value without taking any benefit. I thought maybe they'd bought the shares after ex rights but an earlier RNS showed them having 14 odd million nil paid rights as well as the 14 million shares. What's also odd is UBS issued a sell rating on 18th march so why would they then buy 14million shares after issuing a sell rating? Mind you bearing in mind brokers don't know what they're talking about most if the time nothing would surprise me!!
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