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.
Final Ex-Dividend Date 29-Jun-2023
Final Dividend Payment Date 28-Jul-2023
When the dividend payment being made ? Quiet for a while, but a nice increase.over the past few.months
Is Premier Foods ripe for a Takeover Bid? It’s Profitability, Cash Flow & Sales Rising. Debt Down & Making Big Investments Across It’s Brand Portfolio. These brand investments already made with an increase in brand portfolio pricing. So Premier is in good shape, in the defensive foods sector & a Big Japanese Investor with large investment funds who could be eager to cash out. I could see Premier being Taken Over as a bolt on acquisition especially with it’s an enviable large cash flow business & heritage brands. It does look like we are heading for a global recession & so Premier would be a perfect takeover target. Its shares are perhaps 50 pence undervalued where they should be. Maybe a Take Over Bid or Maybe Not but nevertheless it’s a great business now with this better CEO in place.
I am re-reading Richard Farleigh's book "Taming the Lion".
He mentions only buy once something is already moving up, stay on board until evidence the fundamentals have changed. Trends continue longer than you expect.
So this one looks like a candidate - SP nudging multi-year highs, fundamentals much improved etc.
Interesting that Jefferies adds a 15p per share for changes to pension guidance. I think maybe much higher as interest rates are going much higher with stubborn higher inflation. This may justify a higher broker target share price in the future. Jefferies Lead analyst Martin Deboo, in his last note before retiring, said: "The shares are more or less flat on a useful full-year 2023 beat, confident 2024 guidance and a change in pension guidance worth a notional 15p per share.
Jefferies 🆙 Premier shares to 175p (140p) target price. It makes sense giving the shares a re-rating boost.
Investors Chronicle Buy for Premier Foods (19 May 2023) currently trades at a palatable 11 times estimated earnings for the current financial year. Markets are clearly continuing to feel positive after it upgraded its earnings guidance in March – with shares up more than 6 per cent in a month. We see this momentum continuing. Buy.
Yes, last weeks Premier Foods trading results were very nice, exceedingly good ! This means inevitably a broker upgrade of Premier Foods share with Peel Hunt upping share target to 153p (145p) previously. I would say at 25% upside to these share on a 12 months basis with further profit upgrades coming, IMHO. This coming from higher volumes drives, cost efficiencies & smart brand extensions.
- Analyst Charles Hall, Peel Hunt Broker retained his ‘buy’ recommendation and increased his share price target from 145p to 153p after full-year results last week. The shares rose 2.3% to 131.8p.
The figures from the AAA-rated Citywire Elite Companies group came in slightly ahead of expectations, with sales up 11.8% and profit rising 11.5% to £157m. This allowed the board to increase the dividend by 20% to 1.44p.
A good set of results, and it's nice to see an increased divvi.
I was in this share many moons ago, but bought back in a couple of years ago.
@Oxygen, yes. I remember those silly prices too. They were down to 3p each at one point before they did a consolidation.
@Rip. Well over 10yrs ago….may even have been when in short pants !
Took a second slice 9am 135p
Well done on a 22p buy oxygen.
When was that buy ?
Think I’ll wait till we go thro 225p ( bought at 22p ! ) .
Long overdue rerate to £1.50 + let’s be having you
Now 139 to buy.....
Good to see only 20 posts since mid March this bb.
Took a slice got *133.4p on my 131p sell order going strait through .
long time breaking through that resistance.
NewsToday 07:51
Premier Foods lifts dividend as full-year profits jump.
Good to see bought last slice back 13/3/23.
@ dogger.
Yes, you can see it coming a mile away, can't you?
Impressive performance yet again under AW’s leadership. Clearly been able to raise pricing and maybe ahead of inflation but hasn’t impacted upon sales and a welcome increase in Divi. SP should react positively.
Wait for the bbc and the rest of the msm…….Premier Foods profiting from the vulnerable……hit them with a windfall tax !!!!!!
Re
Given the current media attention around food price inflation, how will it look if Premier announce better than expected profits.
Dogger. Same as when oil and gas giants and energy companies announce massive unjustified profits. We moan about it but can't do anything so we get on with scraping a living and where possible, buy shares in said companies to try and recover some of the extra cost.
Positive reviews in the US
https://www.target.com/p/mr-kipling-strawberry-38-creme-cake-slices-6ct-5-8oz/-/A-87859667?type=scroll_to_review_section#lnk=sametab
@dogger. agreed. but don't forget that supermarkets are notorious for screwing suppliers like pfd, unilever, et al over on prices too. they only pay what they can get away with. joe public don't take that into account when they're all on social media sites such as facebook & ****ter. it's all 'greedy producers this, that and the other screwing everyone over' blah blah blah.
Given the current media attention around food price inflation, how will it look if Premier announce better than expected profits.
Personally I couldn’t care less what the media say but it will make the announcement interesting.
My understanding is that they had to put out the interim rns if the results were 10% better that expectation. So I guess we are looking at a 10% or better increase in profitability.
@Green555. That's all plausible. There was an unexpected RNS a while back saying that results were going to be "better than expected". So depending on what those figures are, I can see either:-
° Possibly reducing debt a little more.
° Increased and/or installing an interim divvi payment as well.
Just my opinion of course.