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Took a slice got at *138p placed a higher order limit then target set in May after 135p sale of 137p , after noticing breaking through that resistance this morning.
They fell back to 114p by 27th October 20023, in hindsight a buy .
oxygen was your buy at 22p after or before the consolidation Trent700 refers to ?
No ice cream but the Spice Tailor range here is way more extensive than in the uk according to the wife. Seems to be selling really well.
Well, have a great time, do we do Ice creams? If not, look out for some recommendations for the board. Enjoy yourself
Hi Leather
I am in OZ at the moment and PFD seem to be doing very well here…..Kipling products are very prominent in Coles and Woolworths.
Interesting to speculate why a Dutch investment bank would want 8% of PFD. The divi isn’t particularly attractive at the moment so presumably they are in it for capital growth…….unless there is more to it than that ?
Hi Dogger,
We discussed the SP and our different views on what would happen to it after the results, some weeks ago.
I was pleased to see the declaration earlier in the week, we share the same thoughts on the Nissin holding, difficult to see T/O in the distance, i just think PFD is going to be an ever growing attractive share. Did you see Heather Mills was harping on about the established food companies ruining her meat free business, now in administration! That may or may not be the case, but it also highlights the importance of established branding with fresh ideas and to me, everything PFD has come to stand for in the last 3 years. The Dutch won't be the only ones and with Nissin's seemingly steadfast approach, the number of shares available will be squeezed. Plus i see, the Mr K pies at our surrounding shops are priced attractively, plenty of everything in the supply chain. Yet again there are plenty of people with lots of money, whilst the politicians argue, people enduring war and famine.
The only question I am starting to think about is political. Historically the day a Labour Gov'ment is elected the business world shakes, is it going to be same old Labour ? who knows ?
But what do I know?Have a good day all.
Good to see that the Dutch think we are a good investment
Yes buying Rolls Royce shares as substantial undervaluation. At P/E 15 fair pricing they are worth 450 pence (now 261 pence) so a far better unique company shares investments.
I sold out completely Premier Foods shares. May buy back at below 110 pence. Premier’s Management need to focus on smaller shareholders for better share dividends & capital returns!
Yeah no financial incentive to buy thesePremier Shares. It’s a “Sell” for me. Until Premier Foods rewards its shareholders !!!
You know this Alex management are rewarding themselves with ever higher share options (the biggest total number of total shares at the last one granted) but nothing for shareholder returns, paltry scraps. This cannot go on. At some point the big investors will dump sell Premier Shares and then the management will buy them at lower prices again. They profit whatever happens. So enrich themselves like the elites always do. If things don’t improve soon, this Premier Foods is not investable as a serious shares investment.
I agree with these comments about returns for shareholders but what we need to remember is that Nissin own nearly 30% of the shares. Are they demanding higher returns…..I don’t know….but they have a seat on the board and have all sorts of trading relationships with Premier, so maybe that is where they are getting their returns.
Pernix could not agree more
I was expecting interim dividend or some sort of special div!
food companies are like utility need to pay decent dividend at the very least info on when they will start interim payments!
need the yield to be around 3 - 4 %; 1% won't do....
Shareholders need to be prioritised & rewarded. Saying that the business has outperformed, upgrading their profits means nothing. There is no shareholder value creation here as profits are always locked away. Until profits are unlocked for shareholders, these shares will languish, go down and only be seen as short term play for share traders. That’s what’s been happening. So I think Premier Share
Price is going down for now again. IMHO/ DYOR.
I know the sp has gone up this week slowly but how much does PF need to sell to rise th sp and how mich lower does the debt need to go
@Pernix. Indeed. But someone signed off on it tbf. I get that it will have been recorded long before all this nonsense kicked off, but still.
As you say, it'll blow over, and with the way of the world today this will be fish & chip wrapping when the "I'm offended" brigade have found something else to have a bit of a whine about.
Talk about being fickle.
@Trent700: Sometimes mistakes happen with advertising. Things will blow over at M&S. What’s impressive is 150 % increase in M&S profits. That’s coming from Food sales with 6 new large stores opening. Finally, they got the stores format right. Ocado U.K. venture maybe 2 years turnaround yet. Clothing turning around with homewares.
@Amtech. You're not wrong.
It’s not hard to peace people off these days, 6 complaints and it becomes national news with an apology on top. Thought this would have a bigger lift today though, I’ll keep buying the dips ready for the next set of results from the Christmas period.
On the other hand the price is close to breaking out and going to new highs if so
Dormus
Now firing on all cylinders I see, these are strong results and will underpin the SP nicely. And Alex, let’s not be too hasty on passing back lower input costs, act like the fuel retailers !
@Pernix. Agree with most of what you said with the exception of your M&S bit.
They've peaced a lot of people off over their Christmas ad and if half of those are serious about boycotting them, then their sales are gonna plummet.
Not that that effects us on that front though IMO, as all they'll do is pick up that food they were gonna buy from them elsewhere, Morrisons, Tesco etc.
Agree Good Results. Premier Shares Re-Rating is stuck as always is lining up the ducks 🦆 The issue is there is no special situation with Premier Foods. It’s a consistent deliverer but other companies swings are better or deemed better capital share returns. The share brokers have higher and higher targets for Premier Share Price but never reach these or get near to them. It’s Premier’s Management need to unlock shareholder value. Spin Offs, Special Dividends, Joint Ventures with Big Boys, Outright Takeover of Premier Foods or New Distribution Country Markets. That’s going to boost the share price moreso.
Will we get a re-rating on the SP this time ?
Yeah, Premier Shares - No hurry to pick these up. I clawed back £16K loss swung to £1K Profit on my latest shares trade today. I will wait for a fall in Premier Shares price. Maybe a 17% upside from 113p lows is quite rapid, breather will follow. I think 140pence will take time but surprise events may accelerate the share price. My feeling is that other companies like Marks & Spencer will have superb Christmas sales. It is the one to follow. With buying on share price weakness. Everyone best of luck with shares investing 🤞
Hi Leather
Remember no divi declaration tomorrow…..unless they decide to go for an interim. I suspect not having just spent £34m on an acquisition.
Having said that, I agree with you that a re-rating is long overdue and will happen soon…..which is why I have kept two thirds of my holdings.
Having said all of that…..I have been wrong many times before !!
Well D and P, all credit to you for putting your money where your views are, with the recent selling.
These boards usually have a lot of people with "after the event" declarations. I think there will soon be an element of profit taking, but for once i can't agree with you. Either way won't make much difference to us I suspect, I am pleased to say, basically we all want it to just take the next positive step, dividend increase, continued ( if not accelerated ) increase in SP. Maybe i will tip my hat to you in the morning, until then have a good evening.