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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.
Dogger: I agree and I too sold a lot of shares today. With today’s shares action as food indices flat, maybe they will fall tomorrow. There is nervousness of Premier results tomorrow not impressing, any negatives etc … Premier shares not move much today. Premier Takeover likely coming but nobody can tell when this will happen.
I agree.
I have sold about one third of my holding in recent days on the assumption that they will fall back after tomorrow…..as they historically have done.
But I am retaining the other two thirds in case of a takeover.
Yes, I wonder if 140 ‘s pences soon for Premier Shares?
At some point Premier Foods Takeover or Value Creation Unlocking Coming. That should propel the share price even higher.
Likewise agree with P & D
I also think we are in the area of not hot or cold but the right quality food bracket
I also see nowadays, we do less of gimmicky promotional offers which only mean we selling what the public wants!
I think we will be putting out a very firm positive results with ever increasing FCF and debt reduction.
I would like to see interim (special) dividends re-instated, this only make SP go up as more funds will come onboard.
Only reason we don't have a bid premium is due the large holding of Nissin otherwise likes of ABF/ Unilever or any large European or US company would love to have our portfolio of quality food
Theleather1: Yes, watch tomorrow’s share price action. The US Stock Markets are pumped up on interest rate cuts. Pump it up action coming around World Stock Markets.
Yes D' and P', this is what would have happened, but i am full of optimism there has to be a tipping point, the other way. We are at it now, i expect a quick progression myself, based on food retail results, all of the food sector really.
I am really surprised the terrible recession brigade have so far NOT been proved right. Its a crazy situation really with food bank demand, plus the likes of M&S sales going mad. Either way the demand for food has not receded it seems to me.
Fingers crossed.
Yes I can see Premier Shares to their year highs. The FTSE 250 powering ahead. Premier shares 131p now. Still tomorrow is a biggie too before Thursday half year results.
Premier Shares are on a shares squeeze, move higher up. They were far too oversold and now payback. Just the food sector shares lately, those doing well, are at all time highs. Associated British Foods and Marks & Spencer examples. Premier results are going to shine so they will follow. Still very cheap share price on P/E’s of less than 10, a decent buy Premier Shares I would say.
£1.13 on 27th October. Now £1.29
14% increase.
Partly due to acquisition announcement and also pre results increase.
If history is repeated the fall back will start on Thursday.
Any views ?
Maybe Share Stock Sqeeze. These Premier Shares were sold down so much. Upside demand for Premier Shares may shoot up the share price bigger percentages. That’s what normally happens as shares squeeze upwards takes charge. Premier shares price is propelling upwards for sure !