We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Falsedawn, not doggar. Having a bad five minutes… maybe it is time to retire
Just read doggar post.
Sorry my post was completely pointless.
With the cost of living crisis, will people eat in more and cook from crotch to save money? The supermarkets ad campaigns are pushing how you can feed a family cheaply cooking from scratch.
This may have a positive knock on effect of our sales, as it did during lockdowns.
Didn't expect to be picking these up below £1 again when I jumped back in last week. Another few thousand added today. With higher interest rates and energy bills expect people to stay in and do more home cooking. I can see this over £1.20 / £1.25 late this year early 2023.
That’s what we need to lift us out of this slump.
You heard it here first.
Been out of this for the past two years. Back in again now starting to build a holding hoping for £1.25 before Christmas.
Been out of this for the past two years. Back in again now starting to build a holding hoping for £1.25 before Christmas.
Trouble is I don't think it would make any difference, one of the main problems as I see it is the extra energy costs for cooking all those products which must at some point hit the bottom line.
Scrap it ( good news for us if it is )surely people don’t need to be nannied anymore
Hi dogger, as a PFD pensioner I totally understand your concerns.
The pension rules are much tighter now and for the better.
From May results
? Resultant reduction in contribution schedule in outer years drives c.£60m improvement in NPV of pension contributions
? Next Triennial actuarial valuation as at 31 March 2022 will be completed in coming months and covers both RHM and PF schemes
I expect pension review announcement soon
Hopefully deficit reduced to zero and no more deficit payment!
Is he going to be marketing all PFD products or just Mr Kipling ? Some friends have just gone back To California with a suitcase full of Ambrosia custard ,Oxo cubes and HP sauce etc British products the Yanks can't get but they love them they are only available in the British store where they are imported by expats
Blink and you miss it……SP down now !!
I would think that a pension holiday is very unlikely. I am a pensioner in the Premier part of the scheme. The last time there was a pension holiday was just before the 2008 financial crisis. That combined with the level of debt from acquisitions was what started the rot for PFD.
Thankfully those days are behind us ( I hope) !!
Incidentally a nice little increase in the SP today.
This extract is from the last annual report. Guess it refers to the Premier side. Wouldn't have thought they'd take any future 'payment holiday' , preferring to maintain a strong surplus position. My thoughts only though!
The Group expects to contribute between £4m and £6m annually to its defined benefit schemes in relation to expenses and government levies and £37-39m of additional annual contributions to fund the scheme deficits up to 2 April 2023
Thanks Milling for the info
If we are in surplus, does that mean we no longer making additional pension payments.
Does it also mean company can have pension holiday if in surplus!
Hi green 555, the pension schemes were merged [3 of them - RHM, Premier and Grocery] in 2020. As the RHM scheme were/are in a healthy position, there isn't an 'overall' deficit. RHM surplus position overrides Premier's deficit. Last report stated overall surplus of £945m. Unsure of your speculative question sorry.
Can anyone confirm that the two pension scheme has been merged one and what is the current deficit.
The current plan for the extra payments to close the gap?
Also a speculative question
What is the likelihood the pension liability being off loaded to a specialist pension manager!
The only problem is that a lot of their products seem to be constantly "on offer".
https://www.bakingbusiness.com/articles/56942-premier-foods-usa-hires-head-of-sales
Billy Henshaw has been named vice president and head of sales US at Premier Foods USA. In his new position Mr. Henshaw will be responsible for supporting the Mr Kipling’s rollout and expansion into the US market that was announced earlier this year.
Mr. Henshaw most recently was director of sales at Sugar Bowl Bakery. Earlier, he was regional sales director at Sara Lee Frozen Bakery. He also has worked as director of sales for in-store bakery at Hostess Brands, Inc. and associate director of strategic accounts at CSM Bakery Solutions.
Steady slow rise now towards £2 sounds good to me.
Cherry bakewells on offer at my local Morrisons for
£1:25 just having one now
I agree dogger; I can't see Nissin making a bid.
What I think is Nissin is very happy with their investment and the fact they get to distribute their products via PFD.
Also the possibility of making their products via PFD manufacturing sites!
I can only see steady growth for PFD with austerity only makes PFD portfolio look even more appealing.
I still believe we will get to £2++ in the next 3-5 years.
With the progressive dividend growth I'm willing to wait.
I have been wrong before but……I don’t see Nissin making a bid. I just think they are making sure that no one else does.
Very interesting, but as recently mentioned, it is all very amicable.Maybe some value for a TO, simply this business has restructured, performs well, is well run, getting ready to be a big player again, as demonstrated with this weeks purchase.
I would want plenty of renumeration if I was on the board and had gone through the last 2.5 years.
I'm hoping it doesn't happen, but if it does then that's life.
So Nissin foods now hold 24% , getting closer to that magic number of a complete takeover , what do you think £1.50+
Takeover target - Very Unlikely with:
Nissin Foods Holdings Co.,Ltd. 198,036,846 22.9%
Don't know how many other friendly shareholders aligned with Nissin.
What we also don't know is how much of debt is in the form of loan notes aligned with Nissin and friendly shareholders!!