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Premier Foods Share Chat (PFD)



Share Price: 33.00Bid: 33.00Ask: 33.25Change: 0.25 (+0.76%)Riser - Prem Foods
Spread: 0.25Spread as %: 0.76%Open: 33.50High: 33.25Low: 32.00Yesterday’s Close: 32.75


Share Discussion for Prem Foods (PFD)


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mkwarriors
Posts: 1,593
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:48.75
View Thread (2)
thanks everyone so far
15 Jul '14
For your replys. So it looks like people agree bod are doing the right things but markets are playing on sentiment and trying to get as many stops as possible before they move it up. Got more money to average down if required but just a little nervous about its current direction and as leggo. . .girl pointed out re all eggs in one basket. Do we think the results will be ok due to easter falling in this quarter?
 
steward1
Posts: 14
Off Topic
Opinion:No Opinion
Price:48.75
View Thread (3)
RE: serious answers only please
15 Jul '14
I've been in and out of pfd for a few years now. Agree entirely with legobrickgirl.

I think we all expected the sp to have recovered by now. The BOD have done everything right except increase sales. I can't personally see any positive news on that front yet.

Has the sp hit it's bottom? Probably not BUT the longer term upside potential is pretty major - patience will be rewarded!
Northandy
Posts: 666
Off Topic
Opinion:No Opinion
Price:48.75
View Thread (2)
RE: only-blue-please
15 Jul '14
2reincarnated, actually you can't ignore the drop below 50p, I think of the things you keep saying is that sub 50p days are long gone, plainly they aren't. Is this a drop before a bounce on results? Possibly but unless there's something really positive I fear the sp will hang around this range for a long time to come.
only-blue-please
Posts: 15
Off Topic
Opinion:No Opinion
Price:48.75
mkwarriors
15 Jul '14
Hi, yes, bought in some years ago at 37p (equiv £3.70 ) . Averaged down to around £1.70 atm. You could all make a killing with this share if you do the exact opposite of me!!! Every time I think its hit bottom and buy, it just keeps on dropping. Last time I looked, and I try not to, I was around 70% down. Or a nice bottom of the range jaguar xf !
MajInsane
Posts: 21
Observation
Opinion:Buy
Price:48.75
Jinxed..
15 Jul '14
The more I look at this shareprice, the lower it gets, think I have Jinxed it. Nice for it to drop again... There must be people out there who sell when it gets to mid 50, to buy again at this price.
legobrickgirl
Posts: 3,595
Off Topic
Opinion:No Opinion
Price:48.75
View Thread (3)
RE: serious answers only please
15 Jul '14
Average down if you can afford to.
PFD have been in a mess for years now.
Massive debt and pension deficits knocked the SP down where they had to stem the interest rates by selling off parts of the company.
After selling some good and bad parts of the company, pfd was left with it's 8 core brands, it's power sellers. Unfortunately, Hovis was proving to be a problem. It was not power performing.
Well pfd have now solved the problem of Hovis, solved the problem of the Debt and solved the problem of it's pension. It's done all this with the share issue and Rights issue.
Now, to date pfd has been played by the markets. Up and down, going on sentiment.
Now the company has been financial sorted out, but it is ripe to be played down to below the RI price to take out stops and play on sentiment. What will not of helped is the fact that supermarkets are not doing well at the moment with people in the uk tight for spare cash and so cut back on major brands. Hence more people are shopping at Aldi ect.

So it all seems like doom and gloom for pfd, but for the fact that the sp does not really show the true price for the company now. Pfd is worth more than the current sp and anyone buying in now will make profit in time.
All I can suggest is invest wisely, as in, only invest what you can afford and do not invest too much in one stock.
For any new investor here, buy, but hold a little back in case of a further drop which is always a good practise.
Remember, BOD bought in at a lot higher price, as did the II's. If they are confident, then why should you sell at a lower price as to what they bought in?

GLA and DYOR
mkwarriors
Posts: 1,593
Premium Chat Member
Question
Opinion:No Opinion
Price:48.75
View Thread (3)
serious answers only please
15 Jul '14
from holders only of this share. I'm down more money on this share than I care to add up, so I would like any serious answers to what is happening and where we see this going in the near future. I know its not just PFD taking a beating with the FTSE having a retrace but with the half year results due next Tue I'm getting a little worried to put it politely
legobrickgirl
Posts: 3,595
Off Topic
Opinion:No Opinion
Price:49.25
SP
15 Jul '14
Even with poor sales due to market wars, pfd share price is still cheap now that they have sorted out the debt.
mkwarriors
Posts: 1,593
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:49.75
View Thread (2)
RE: hope its not true but if any of..
15 Jul '14
just wondering if you hold any of these shares?????
2reincarnated
Posts: 1,535
Off Topic
Opinion:No Opinion
Price:49.75
View Thread (2)
only-blue-please
15 Jul '14
The act of it falling below 50p is merely accademic!!! This happens quite frequently after a rights issue. Money week is known ''trash'' I think you should go away and enjoy the good weather and comment again in september. Perhaps you should watch a movie ot two, but not a blue one!!!



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