No you are wrong. You're not taking account on the rights issue. There are lots more shares in circulation now so price would have to go much lower to give same market cap as it was when SP was 2.7p. You're comparind oranges to apples
I am correct. I originally bought in at 92p.It fell to 32p. The share was then watered down. ie it fell became 3.2p. I filledy boots! It then hit Â£1.68. I sold. I had to at that price. 27p is the old 2.7p is. Beware.........
I think you have your calcs wrong 27p = 43p pre RI and 4.3p pre consolodation. Anyway this share can't be compared to pre consolodation as it is now a different company with the refinancing, new products and vast increase in advertising
Very scary I think to also rely on AMI for your investment, I think everyone is realising and seeing how risky AIM market is at this time. Whilst the market is down so is the economy and this is when mining, high risk stocks are at their most funerable and high risk. If the price drops out of these commodities it will struggle.
With premier it doesn't seem worth buying at this time, I can't afford anyway but have started to track for the future. GLA
Fernie very melodramatic indeed it is just sentiment and the herd, still waiting patiently but as I said earlier waiting for ami to absolutely sky rocket before I buy my first tranch (ie first of four lots)
I wouldn't sell now. Dotnova bought in at 56p. I told him (+everyone else) that the SP would nose dive. I sold at £1.66. Once it reaches 15p it might be worth a punt! A big might. Pfd shares are bordering on being worthless. 27p = the old 2.7p! This has become a penny share...
1. According to the results of RI on 8/4/2914, 18,062,657 shares were left with underwriters. Reasonable to assume these would have found a buyer in 6 months, so dumping of these shares can't be the cause.
2. News of a trading warning has leaked out to some shareholders and they are dumping shares, so that they can buy them back on or after 23rd Oct 2014. The company has had an opportunity on the 18th Sept 2014 to issue a warning as they did on 16th June 2014. trading could have taken a hit in late September due to weather again.This is possible, but would put this as a low possibility.
3. Premier Food is somehow linked to a Tesco style accounting issue. This is unlikely as PFD would definitely have to release this to the market immediately.
4. Price of Premier products were heavily discounted late September/early October. Fear of this could have frightened some investors. Other than Asda, most of these offers are finished, so can't see this being a reason.
I can't think of a reasonable reason why the share price is falling off the cliff other than fear effecting leverage companies. Can anyone come up with any other alternative.
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