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Good purchase by Premier to take on Fuel10k. Wife and daughter in law both managers in retail industry and tell me the Fuel10k products are amongst the best in-store sellers in each of their stores. Good to see Premier getting back to it's best and lets hope these recent acquisitions add massively to our income/profits. Time will tell. Continued good fortune to one and all. Rgds, S
Well Germany is heading for a cyclical recession so says Their Chancellor. We should follow suit. So Premier Foods highly valued cash flow will come to the fore. With its defensive food qualities, people will not stop eating their foods! So perhaps it is the right time to snap up a highly cash flow generating business on the cheap. If that doesn’t happen, spin off a foods division or sell it outright will lift up the Premier share price. Either way something is going to happen. Premier shares are way undervalued versus its future prospects.
That is the question…..Nissin. I guess everyone has their price but I am not convinced they would sell.
Have to say there's been talk of Premier being sold quite a lot over the years, but recent posts on LSE hit the nail on the head for me: picking up Nissin's shareholding would be an easy way to get a foot in the door, but would they sell?
Fact is, Premier Foods is in better shape now than it has been for many years, with better prospects too. I live in hope!
Couple of days for the SP
At 16.35 today
Yes, agree now is great timing for a Premier Takeover Bid. The opportunity presents, investment returns from its brands near max levels from previous endeavours. So easier for any Bidder to justify financing moneys needed for the Bid. Essentially they capture high investment returns income, double digit growth, access to new markets & new products development without doing any of the hard works themselves. Then add in huge cost savings, takeover synergies of hopefully better product distribution, market access to know how, management & capital resources. So you can see now a Boon ! Someone will pounce on Premier Foods , especially as its share price far undervalues its future prospects and current trading conditions. As now Premier’s share price should be worth 260 to 300p. I’ve seen Bots price in this range using Discounted Cash Flow Models, Sum of The Parts Shares Analysis. So add in a Takeover Premium & crucially management huge cash incentives to push up Premier shares price. That’s all making a Premier Foods Takeover Bid more compelling now !
I worked for Premier for many years……remember it was born out of acquisitions from the likes of Nestle and Unilever.
Having said that, I reckon Nissin will sell if the price is right and they can retain their distribution agreements.
The time is right……bring it on !!
Anything can happen. Yes, Nissin was a White Knight For Premier Foods but money talks. Any bidder can approach Nissin to sell its stake. That’s in one go, 30% shareholding & use to platform a Takeover Bid from there. So Nissin’s big stake I say facilitates a Bid not hinders it. I’ve got decades of working as Senior Manager in Top Footsie Food & Drinks companies like Diageo, Pillsbury Foods & Grand Metropolitan. Oh I’ve seen huge consolidation in these industries for the sake of unlocking shareholder value and cost reduction strategies! Also Premier Senior Management have got big money incentives to push up the share price. This is a huge incentive to increase their own personal fortunes & help push Premier into the Premier league. Premier is too small to survive as a stand alone company. It will be swallowed up by the big boy players.
Yes, Pernix echoes the thoughts of many over recent years, but as previously remarked by dogger, its all very comfortable here. I do agree though that again, something will happen, like the revolutionary approach to the pension mess a few years ago, to stoke the fire.
To use a film metaphor, at the moment this is more like "Driving Miss Daisy" than "Wolf of Wall Street", but better that than "Carry on Camping"!
I would agree with that if it wasn’t for Nissin’s 30% shareholding.
I think that makes it less likely…..but still possible
Premier Foods Management will not want a flagging share price. They had that for more than a decade. So eventually some Spin Off of a Foods Division may come. Maybe Sharwoods Asian Brand with Noodles etc .. This will re-rate Premier shares to reflect true value of over 200 pence. Other alternatives are Full Takeover of Premier Foods by another global foods conglomerate like Nestle, Kraft, PepsiCo. etc … Such companies likely to pay for Premiers ‘a Double Digit Growth Rates. Premier is a sitting duck for a Takeover Bid.
Premier Shares should perk up with time. Yes, steep price rises for Kipling, other brands. Then again Premier has to absorb higher commodity costs, food shortages. So it’s a balance. The CEO says all price increases done for this year. So BBC report will blow over, move onto next agendas like Climate Change pressing concerns, wage growth etc.. I expect Premier Profits to surge because they are in a sweet spot for double digit growth. At the end, it’s hardcore financials that count more not hearsay reports based on unwarranted facts. So just got to ride out these share price declines for time being.
10% SP decline in basically a week for this company is not great and actually I have been a great supporter of it for some years now. I am beginning to think I should look else where for the money wrapped up in it. I understand it was always a slow burner, but looking like the wick is as thick as cotton at the moment! ha ha
Surly there must be more to this SP decline than a BBC report, please!
Crazy
If the BBC were a Corn (deliberate spelling mistake) channel, it would be a 24/7 cowgirl fest. They're very good at 4Cups.
You can rely on the bbc to get their facts wrong…..it’s what hey are good at.
I’m just surprised they don’t blame Kipling chocolate slices for global warming…..or maybe they do ?
I never watch or listen to the bbc
The missing point also being that food manufacturers like ourselves have no control or say on what supermarkets sell our products on for either.
It's no secret that none of them pay suppliers anywhere near what they sell their srock for. They'll be paying nowhere near £2.66 for a pack of chocolate slices. £1.50 tops, if we're lucky.
This article is misleading. They have compared Kipling prices of chocolate slices when they were on offer at £1.16 in 2022 with the normal retail price of £2.66 now.
They should compare like for like retail prices and not use offer prices when undertaking this sort of exercise.
There are plenty of Kipling products on offer in the stores
By Daniel Thomas
Business reporter, BBC News
It comes despite separate research from consumer group Which? that found the price of some branded goods on supermarket shelves has more than doubled in the last 12 months.
The consumer champion, which tracked almost 26,000 food products at eight major supermarkets, found:
a six-pack of Mr Kipling chocolate slices at Tesco was the branded product that rose the most in price, going from £1.16 on average in 2022 to £2.66 in July 2023
1kg of Lancashire Farm natural yoghurt at Asda increased from £1 to £1.80 - up 80%
180g of Pilgrims Choice extra mature grated cheddar at Morrisons went from £1.20 to £2.11 - a rise of 76%.
The BBC has contacted the supermarkets for comment.
I'm expecting exceedingly good half year results.......
For CEO and CFO. Thoroughly deserved in my opinion……plus it gives then a nice incentive to grow the SP for the rest of us.
Hi
Roisin that's interesting broker charges for dividend payments into account . Thanks again.
Dividend in account already. With Interactive Investor you can elect to have automatic dividend re-investment. Takes place two working days after dividend payment and at the excellent cost of £0.99 plus stamp duty if appropriate. Rgds S
Roisin all done and still taking 10 days .
Thanks for your reply.
I'm with Halifax David, and all my dealing is done online. They give you the option of reinvesting or taking your returns.
Maybe you could ask your broker could do this for you by default?