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It’s almost impossible to predict PFD SP......but for what it’s worth, I would expect us to be somewhere between 40p and 50p until the results on the 14th may.
As ever, I may be completely wrong !!
Those of you with more knowledge than myself (not difficult), do we think this is now baselining at 45p ? Have we breached volume at this rate?
Try this one. there are other sites if you are willing to pay!!!!!https://www.marketscreener.com/PREMIER-FOODS-PLC-10539849/company/
It's always good to see any positive posts / articles but why does there always have to be a negative point at the end of it.
To me that just says they are covering themselves and are on the fence, just go with your view and stick to it.
Can someone point me in the right direction on the company website. I'm looking for a list of major Investors and Institutionss/Partners invested into Premier Foods ie Nissin Foods etc
Does this mean that dividends paid to shareholders are also paid into the pension pot as a dividend ?
https://www.pensionsage.com/pa/Premier-Foods-to-merge-schemes-in-landmark-agreement.php
My view on "Merged schemes to benefit from certain rights in the event of any future potential transaction of major brands".
This will not be Hovis as this has been long separated.
The key statement to look at "The existing £450m security which the RHM Scheme benefits from remains unchanged"
So if any brands sold within this security then money will go to rhm pension scheme
@ kallumama
No mention of any specifics but in the FAQs
It says no effect to any benefits payable now or in the future.
I don’t know this for a fact, but I imagine that they are referring to the possible disposal of Hovis.
The letter from premier foods arrived today for the wife regarding the pension situation.
And it states that all 3 legacy defined benefit schemes ( rhm pension scheme, premier foods pension scheme, and the premier grocery products pension scheme ) are after careful consideration to be merged together (while still remaining separate from each other )ie a segregated merger into the RHM trustee .
*The reason because the RHM investment strategy has been extremely successful over the past decade consistently outperforming it’s target.
By merging we will be able to leverage this knowledge and experience for the potential benefit of the PF schemes sections and use the broader investment toolbox available to pension schemes of our much larger size.
*As the trustee responsible for safeguarding your pension entitlement we believe the segregated merger will support our journey to self sufficiency by stabilising risk for the business and giving oversight of all of the companies uk defined benefit pension liabilities.
I bought the day after it spiked on massive volume @ just under 43p. I'm learning to trade and try to read charts etc to determine stop losses/exits etc. Looking at the monthly chart a head & shoulders pattern could be forming and we come down & form the other shoulder around 40p? But also looking at that chartit seemed to have 2 or 3 goes at trying to break 45p and now it has and made a new yearly high that seems to have become support. Based on this, I'll set my (mental) stop loss just below 40p and see what happens. As for an upside and exit I'm not sure, but I might reduce half my holding if it gets near 50p as I've arguable got twice as much stocj as I should have. As I say, very much new to charting and trading as opposed to investing, so happy to be shot down (in a nice way) if what I'm saying is wide of the mark. TIA
Yes, that is my intention
If there is no cure soon it will not keep PF in safe haven status because the economy is slowly returning to normal . First the lockdown will end and more and more shops will open.
The sales for PF were cause don't by stockpiling and the lockdown, both of which are about to end. There are no longer restrictions on what you can purchase, there is even toilet paper available everywhere, you can now even get hand wash and sanitiser in most places.
The focus of the SP will now be determined by the recession and austerity we are so badly now in debt.
Interesting to take some profit perhaps on a partial positions as it is looking a bit over bought from a technical standpoint. If the market dips lower significantly or indeed just PF, then it could be worth buying in the portion sold again.
Same here, but in my case 10 years. I moved into profit at 42p so I am taking some profit, because like you, I don’t really trust the market on PFD
For over fours years, I have constantly cursed the day I bought into PFD. My view, was that it was nothing other than a runt of a company. Hopefully I have been wrong and we won't once again be let down. GLA
Gilead antiviral product has just failed in first clinical trial.
Whilst we all want a cure asap such news is only going to keep Premier in SAFE HAVEN status. The main event though right though is the recent breakthrough rns which radically changes the short to long term picture here
this was expected after the forced removal of the dismally low quality baggage management.
No more darby
No more darby lovers
This board is looking back to normal
Finals on 14th May. 3 weeks to wait!!!!!!!!
Hi Tommyann, I’m in the same position as yourself, been here a long time, rights issues and all. I’ve had so many false dawns with this share that I’m just so jaded! Not sure about a DIV, not that I’m an expert, but wouldn’t paying a DIV mean an impact on cash flow/profits?
Do you know when the next announcements in May are?
Cheers and GLA
Im happy with the daily rise, but i was here for the takeover rise and fall and we were in a worse state than today. I no longer think that £1 is unreal any more. If we get a dividend payment and bumper profits at results who knows. Then a promotion in the FTSE as others are falling. Happy days.for us that is.
From some of reports that been published when the shares was trading at 30p referenced that without the pension issues and the level of profit / CF that were forecast meant the shares should be trading at 3 times the level.
So now without the pension issue and upgraded profit guidance, this should result in SP going above £1
For the first time in a decade Looking forward to the results without hoping!!
Yearly high broken
With the way things are I am sticking more into pfd during the ongoing constrictions
( our new covid lifestyle etc )