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Frozen Custard will be flying from the freezer section, all is not lost !!!!!!!
Word said in jest, oldtimer.
Now you have posted that article GD will see it and think , great I can use that on the next results if they are not as expected. My investors are already expecting it.
Barbecue season should be good for condiments..........gravy and sauces should do well. GD is very incompetent and should plan for all seasons instead of blaming the weather.
If the big holders don�t get vocal against GD, private investors vote is nothing.
For the first time for years I've just voted . When I held my shares in paper I got a voting form by post but when I transferred to Motley fool on line ISA then they transferred my accounts to iii . I assumed that as a "nominee" account the Nominator would vote on my behalf. However I am now getting on line forms to register my vote. Has this always been there and I have just found it Or is this new? Ps its not just PFD but other shares I hold. Needless to say I voted against this useless shower of directors.
2re, Also GD would have been sacked if the dodgy board and big shareholders are not benefiting somehow. BT�s CEO was sacked so GD can be sacked but I guess he is doing exactly what he�s been told to do.
Yes the SP has performed badly, but to suggest offers close to 49p is ridiculous. The fact Nissin hold 20% and Oasis and PSG hold 10% and 5% means we are "insured" against such silly offers. The only "driver" for the SP may now be PSG and Oasis building a combined stake more than what Nissin hold. The Nissin stake is a "blocking stake" but only holds true whilst they are the largest shareholder. Of course if Oasis sell their stake, things change.
Problem is the company is not being run correctly! Since GD's rein all we have seen is a falling share price! Come McCormick make a take over offer of 49p!
HarryCaul, Do you ever wonder why the other big shareholders are quiet and not asking for the head of the CEO? Do you ever wonder why Nissin paid 62p back then and why Oasis loaded up and signed up not to buy more? Now PSG has loaded up, I don�t think big funds are dumb but they have all the time in the world unlike us private investors. Also go and check how many more shares/ options GD has had since rejecting the offer.
Listen, all I want to see is some positive movement on this Dog of a Stock. To say it's disappointed, is a huge under statement. We're all tired, beat up, and sick of the BS nonsense that surrounds this company. It really is last chance saloon for the company. If there is so much of a stutter in the present performance, then all bets are off. Returning to my last comment regarding PSG, one would presume, before such a major investment that they met with the current board, and had their analysts crunch some figures. Who could possibly know where the next move will come from, but lets hope its beneficial to us long suffering shareholders.
Don't care what anyones opinion is for PFD anymore I rue the day I ever read about the potential in PFD which made me take a punt in the1st place My B/e price is now just over 50 p but that is with some face saving later buys to consolidate my b/e price but will drop the lot at next decent opportunity. I really cant see the light at the end of the tunnel for this dog of a company !
The bottom line is the sp is nowhere near 65 p or 185p..... How on earth is there someone in the wings waiting to make a killing by buying low and selling high with the history of this company - Darby and the board must explain what is happening or what might happen
Having responded to H-hi's post and read your response to what I think H-hi was implying. I think the answer and probably the truth, lies somewhere between the two. GD felt 4% sales growth was possible and the SP would rise to at least 65p as soon as the markets felt this was acheivable and as the SP hit 57p in Oct 2016. We must appreciate the seriousness of the SP being way below the offer for nearly 2 1/2 years.
Of course GD believed that Mc Cormick would have paid a handsome premium, especially if he thought Nissin would get involved in bidding war. But, to suggest that GD would hold it up, or look for alternatives, just so that he could get more share options on board at a later date is nonsense. That would be a corporate suicide, go to Jail scenario. As, with any large company, key industry figures will from time to time explore possibilities, and to that extent, of course GD and the rest of the board will have a fair idea of who, if anyone , would come to the table and make offers for parts of the company or for the company as a whole. I think most of the people on here are tired, and beaten up by the lack of positive performance of both the company and its share price. Lets see if the recent PSG stake acquisition, has a positive affect on the board and the share price. They haven't bought 42 Million shares for the fun of it, they're in it to make a return. Let's keep the hysteria for the Wild West Resource stocks.
I think he/she means GD rejected the offer because he never had enough of his shares at the time which he may have bought at a lot less than the bid price. By rejecting the bid, this would give him another chance to ''top up''. He thought another bidder would then come along and now holding all these shares he would accept it and make a killing. In all fairness to GD, he nearly got the SP to 65p in October 2016 so those who thought he should have accepted in March would not have much to moan about. There is so much to this share we don't know about, we are not experts. From January 2012 to April 2012 the SP went from 10p to 18p (3p in Nov 2011) some of this was takeover rumours (not MC) From June 2013 to Oct 2013 the SP went from 60p to �1.85, some of this was takeover speculation not Mc Cormick, who was this? Does GD know and are they waiting?
What on earth is that supposed to mean ? Good grief, I've never read such twaddle.
GD and the gang have a plan, they turned down 65p because they were sure of getting more via higher price. With all the free share awards, GD doesn�t even need 65p to make decent profit. Patience is needed because an offer would come soon but I can�t guarantee if it would higher than 65p.
These reports are generated by algorithms which you can find for any company out there. They're just designed to create traffic for the site's advertisers. Nonsense. There was a decent acquisition of Aunt Bessies yesterday by Nomad. Admittedly, way more attractive than anything PFD has in its portfolio, but still interesting to see the sector is still active with regards to M&A.
Old this is true, but tried & tested. I always go for brands i know such as Bisto etc. Agree with you about the debt though, as you know they've had this for years and its going nowhere anytime soon.
Greetings, RubenJames.
As you say many of these products are old, but what you also have to remember is many many food products in the uk market are 10,20,30,-50 years old and have built up a very loyal consumer base. And that's why our products and many others continue to sell well and generate good profits all the time the population continues to grow. We just have to re-invent and improve some of the products as well as bring out new ones to build the business, and reduce overheads and all will be fine. Let's not throw out the baby with the water.
If it�s as bad as you say, why did you invest in it ?
There is no value in this company in my opinion, nearly all products are out of date, poor quality and just relying on past times. Just remember PFD own Smash, Atora, Saxa, Marvel, Angel Delight, Be-Ro, Paul Hollywood and Gross Lyodman !!!! Where do you think we can get growth from any of these products? Add in a massive debt and pension deficit and you will understand why this share is floundering.