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I'll be reminding my broker again to put dividend into account. Don't understand why this has to be done.
Hope not. Mr Kipling Mince pies are the only ones I'll touch. Nepotism towards premier foods perhaps.
Oh, and it's dividend day today isn't it? I'll be reinvesting mine.
Yes…..what are you thinking…..Kipling mince pie recipe ??
As long as she doesn't share sensitive information. Etc.
Is one of our non exec directors. She is also a non exec director of Nat West……so she will probably be able to spend a bit more time with PFD shortly.
I think Premier Foods is vulnerable to a Takeover Bid. All the hard work has been done to turnaround the business with profits & sales lift off, it’s been reducing debt & at the point where dividends start to increase. With huge Brands equity, International Markets expansion & old faces on Management Team popping up to make a shares killing. This is a Classic Takeover Target 🎯 Then Ocado shares have surged on an Amazon Takeover Bid & if true, this sets up shares in grocery food companies to go up in the sector. A more closer look at the foods grocery sector will mean other candidates will be looked at for future takeover targets like that of Premier Foods Group. I’m buying more Premier shares when they fall slightly like today as it’s an attractive share price. Premier Foods are worth over 200p Fair Value on a Takeover Bid.
Mr Kipling-owner Premier Foods (PFG) should benefit from a cooling in inflation that will prevent the need for further price hikes, says Interactive Investor.
‘The company behind Mr Kipling cake and Oxo cubes has enjoyed strong sales thanks to the resilience of its product offering,’ said analyst Victoria Scholar.
‘Its well-known, well-loved brands in the consumer staples category have enjoyed strong sales despite price increases and the cost-of-living crisis.’
Scholar said its brand investment and product innovation have supported demand and allowed it to forecast ‘strong full-year performance’.
‘With inflationary pressures starting to cool, pressure on margins is easing, allowing the company to refrain from further price hikes, which should help support demand,’ she said.
It’s conceivable a Bid for Premier Foods may come from The Big International Food Conglomerates. It’s a way to unlock value, access International growth markets, pick up top food brands at lower prices and Nissin may sell its own holdings. So Nissin is no defence strategy in this scenario. Unlocking shareholder value is the prime driver and benefits to Premier Foods business is access to big capital funds for investments, huge distribution networks & management know how.
I attended the online AGM this morning…..all goods news.
The board were asked if they have a defence strategy against a bid. The chairman said that they have. My suspicion from listening to what was said is that the defence strategy largely relies on Nissin’s 30% shareholding.
It is difficult to see why Nissin would make a bid….but they May certainly stop others.
See Big Share Buys Now. Maybe 6-8% 🆙 Who knows? Thin markets trading, share price pushes up more. See more rises on the way!
I'd say that Nissin would be the first in line to put a bid in If that was going to happen.
Premier Foods Expects Another Profits Upgrade. Towards Upper Profits Forecast! That means Premier Shares will surge upwards. Input cost inflation going down, controlled & Sweet Treats Turnaround. International Growth driving sales & profits higher. As I said, more to come as big investments will yield more profits and higher sales. Premier Shares are worth 200 pence fair value into year ahead. They are substantially undervalued & I can see a Takeover Bid for the company coming soon!
Nice to see things rosey in the PFD garden.
Clearly a good tailwind now behind us, with input cost inflation tamed and strong Q1 growth helped by a growing International base. One to hold onto.
It looks like FTSE250 with Premier Foods is quite undervalued. That with falling inflation pressures. IMF & World Bank see medium term Global GDP recovery. Yes, there is too much debt, some pay down medicine needed to reduce it. Yet household incomes set to improve with lower inflation. Premier Food shares set to go higher on any positive remarks tomorrow at the AGM. I’m a Buyer not a seller of shares at these low share price levels!
Yes, I always use dividends to buy additional shares myself.
I did well half my holding just after the update on increased profit announcement at £1.30. I bought back in again a couple of days before we went ex-divi and got an extra 10 shares out of it. Not much on the grand scheme of things, but still a few extra freebies are a bonus.
AGM Meeting Thursday.
Yes Premier Foods AGM next week. Shares always drift lower after the X-Dividend Date. StockMarket Inflation nervousness pushed shares them further down. Any surprise announcement will push shares much higher. Then investors re-invest Dividends by buying more shares in the coming weeks. So demand for shares should push them higher still. I expect Premier sales & profits to shoot higher as Premier Foods is in a sweet spot at the moment. That’s got to mean a much higher shares price.
Yes Premier Foods AGM next week. Shares always drift lower after the X-Dividend Date. StockMarket Inflation nervousness pushed shares them further down. Any surprise announcement will push shares much higher. Then investors re-invest Dividends by buying more shares in the coming weeks. So demand for shares should push them higher still. I expect Premier sales & profits to shoot higher as Premier Foods is in a sweet spot at the moment. That’s got to mean a much higher shares price.
Suspect we’ll get a Q1 Trading Update next week on day of AGM. As a good defensive stock this should show trading in line with expectations with the Company keeping inflationary factors under control. See little downside from current SP so will be maintaining holding.
I have been Buying More Premier Food Shares lately. I think they might go up lots, around this year’s peak share price and beyond. Market uncertainty around inflation is abating. That was key to holding back a shares rally after CoVid. This Global Shares Rally has legs I believe. It’s Driven by American Core Inflation coming down a lot. That’s a good sign for global inflation to reduce. If inflation expectations go down, so interest rates will eventually come down stimulating demand for more risk assets like shares. Premier Food shares I think will justify a re-rating and fair price value of 200p going into next year.
I'm not overly concerned at the moment.
Dividend day coming later this month and I always reinvest mine. A couple of extra additional shares on top will be made welcome.
(Reuters) - Financial stability risk in the European Union remains at a "severe" level and the downturn in the housing market could become even more broad-based, the bloc's financial risk watchdog said on Thursday.
Looks like Premier shares going down. Recession fears. I see at some point shares re-rating but not now. JP Morgan yesterday called more chance of Recession hard landing. That’s the issue is it a soft recession short lived, hard recession or hard recession long lived. Only time will tell.
11p spread. WTF?
Premier Foods have defensive qualities. I see Premier shares continue re-rating higher as company gets back to normal profitability, sales outlook & operational trading. They are benefiting from higher brands pricing, higher sales in niche markets & consumers shifting to more affordable meal solutions. Yes, markets are pricing in a recession now and this is causing share price weaknesses everywhere. Always a good opportunity to top up Premier shares holdings!