very very limited downside now. Market capital is now only £300 million roughly which is more than what was raised in recent capital restructuring. Its nearly generating EPS of 10p. If it does fall to 15p (as someone is suggesting & I highly doubt it unless a big crash) then I shall be buying a hell of a lot more. Could become a millionare when it goes to 70p.
if you watch supermarket wars,shows the struggles of the big 4, price cuts and all that malarky sure this would have a knock on effect for us here as they are not making the sales and need to get cheaper to go up against aldi/lidl its an intresting watch.
SP recently is falling badly, down about 3% this morning, yet trading volume only about 270k shares. When is this going to turn itself around ? What's it going to take to reverse this negative sentiment re. PFD ?
It's not Premier specific but price wars between the supermarkets, tesco and morrisons market share being hammered by the mostly PL discounters, a lovely long hot summer (gravy anyone?) all weigh against Premier commencing its recovery any time soon.
That all means Q3 results will again be dreadful. Management have to hope that the new products and advertising start to work in Q4 so the earlier you can expect a recovery in the SP is next spring.
Believe me, I so want Premier to succeed as I have most of my pension wrapped up in its fortunes, but just repeating 70p over and over will not make it happen. Patience is the order of the day.
that's all you can do. Replying to the post which asked how can the SP be 70p within a few weeks without any news? The simple answer is because it has gone down to 43p without news!!! In other words, the SP views no news as bad news!!! From that the same can happen in the forward direction.
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