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Maybe Darby has been planted by the hedge funds?
Darby must have shorted indirectly as a hedge just as CLLN directors must have done as they can't be seen unloading shares.
25P ???? Without the promised 4% growth, we are going to hit a very low point soon. Sugar tax, pension worries, debt worries etc,etc. Add in old fashioned products and poor infrastructure and maybe 25P is generous.
Dumbest share ever, how does Darby go about running his mouth and lying over and over again? This bastard of a company held my money when RMG looked super cheap under 400p. Same with ITV under 150p and many more opportunities missed while Darby ruins the company. TSCO, SBRY, MRW have all rallied while we are stuck with a dodgy ceo.
Movement in the SP ?? Wonders will never cease !! Does someone know something that we don't ?? More skulduggery perhaps ?? I wait with anticipation. Would be a relief to get some of my lost cash back. Pete
Maybe they just don't want to see too many tarts or little fancies around this month.
Maybe they are waiting for Meghan to put one of their buns in her oven
I haven't but has anyone seen any pfd products with royal wedding special packs so they could take full advantage of this opportunity with lots of take away cakes etc. Very poor marketing if they haven't.
Shorters have made a fortune though.
In addition to using revenue of knighton foods, which is loss making, he is also moving nissin uk sales through the premier books to make the sales look good, but nothing has been added. The profits are lower than last year, the FD has already admitted this when he said the debt reduction is same as last year, whilst cost being less due to pension payments being less by �15m. nothing but fiddling the books to get his bonus, whilst shareholders suffer
What’s with all the trade volumes being identical?
In the yr 15/16 results, Knighton foods had sales of �23m and was added to pfd �770m sales making the total approx �790m . Now for pfd to just stand still they should be doing �770m + 4% growth as promised then + the knighton foods business which should also have grown over the year, but will GD just give a total sales number where they hide the knighton business sales making him look as if they have done a much better job. What's the betting !!!!!!!!
Just sent the following email to Clive Black at Shore Capital Dear Mr Black I wonder it you, or one of your colleagues will be attending the Premier Foods results presentation next Tuesday. If you are, I would be grateful if you could ask Mr Darby how he can justify his large rewards package after failing to move shareholder value forward one iota. Since rejecting the McCormacks offer two years ago, the share price has fallen from around 50p to it�s current level of around 35p. He promised 4% sales growth....all he has delivered is two profit warnings. I really can�t see how he is still in his job....please will you ask him for me ?
guys send the analysts covering PFD loads of real questions as they were paid off last time not to ask any sensible questions.
I am missing Doom-monger , it's about time credit was given to him !!!!!! This company is a dog, out of date products, huge debt, huge pension deficit. Every new product has been a massive failure, frozen custard!!!! Paul Hollywood!!!! Please someone, tell me where the value is with this dinosaur of a company?
Just posted on #sackdarby.....don�t suppose it will do any good, but it made me feel better !!
Please make this trend on twitter or do something similar and better. That rogue needs to get the message, we need to bombard PFD analysts to ask the right questions too.
volume and we may see an rns sooner or later
Didn't pfd about 1 year ago contract one of the big accountant firms to work out some sort of forward plan for pfd by either selling the company or products off, I don't think anyone has seen that report back have they? That must have been completed or ditched by now. Now that would be interesting to hear about.
I find the timing of personnel moves over the past while worth thinking about. McCormick offer is rejected - major shareholders go public with anger and criticism over darby's under-handed approach and closet deal with Nissin, and get two fingers up in reply Hamill (cut from the same cloth as darby?) joins in Aug. The UK Marketing Director and the General Counsel depart in Jan & Feb, as quickly as they can find new jobs (two roles you would expect to demand some intelligence and integrity). One of Nissin's head honchos (Honda) joins the Board 22 Mar (and makes Nissin's plans known) Oasis gives up and leaves one week later, on 29 Mar. darby buys a load more shares with somebody's money not long after Rumours of a Batchelor sale to Nissin throughout Share price essentially remains where it was 6 years ago. Can't help but get the feeling this is all about darby and Nissin, and Hamill wants in on their game or darby would be gone by now Also can't help but wonder if a Nissin and Mondelez split of PF is in the near future, with a selling off of the remainder Just can't see an intact prosperous PF in the next 5 years - then again, I said that 5 years ago, lol
I take it that we all assume the bonds debt is included in the total debt of �523 m is it? or could it be that pfd don't include that bonds debt in the total and therefore the true debt would be more like �700 m. and that's what MC didn't like.
I can't help thinking that if McCormick had seen the books in depth, then they would have run away. There could be some bad news buried in the accounts and Darby knows it ????
That�s why we needed McCormick offer as they can refinance at much cheaper rate, update the brands, add some American touch to it and cut some lame jobs. Darby was gonna get sacked without all his dubious juicy share awards, so he blocked the deal. He�s been overpaid for two years in cash salary, over compensated with LTIP and has dragged the SP down on purpose for his misus and gang to buy some more!
sadly, when the business is so heavily indebted, you have to pay Payday loan rates. Fingers crossed we're pleasantly surprised.
If we read the 2017 final results up to 1 st April it states that we had debt of �523.2m which included the 2020 bond of �175 m.So if we then replaced the old bond with new bonds for 2022 for �210m, then in this years results 2018 our debt will increase by at least the �35m to say �558 m less any cost savings or debt repayment we might have made this year. It looks like we gained an extra 2 years of bond cover for �35m + �7m costs. seems very expensive. Will be interesting to see what has happened.