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Right on there Southbubble. I wrote on this BB that I sent a personal letter to Mr Darby on this very point - no answer. Perhaps if everyone sent him a letter (inundate him) with this message. He won't do anything but he will know we know we are all on to him - I doubt he was ever challenged. In fact, if everyone on this BB attended the AGM and told him personally - would that not be nice......
That might all be true but unfortunately that is now 1-2 years out of date and all water under the bridge, I think what's hitting the sp today is the tie up with Asda /Sains. When ever these sort of things happen the suppliers seem to be hit hard, there is always the prospects that one listing in one shop could be then listed in the other shop giving much bigger distribution gains of pfd products but then to off-set this you have the prospects of, if the same product is being bought at a cheaper price by one shop then the other could also end up getting the cheaper price, and thus loss of profit. Have to wait and see if anything changes.
Spring 2016 ''27The Board of Premier Foods plc ("Premier" or the "Company") notes the revised possible offer for the entire issued, and to be issued, ordinary share capital of the Company at an indicative price of 65 pence in cash per Premier share (the "Revised Proposal") from McCormick & Company, Inc. ("McCormick"). The Board believes that the Revised Proposal continues to undervalue Premier and its prospects, for the reasons set out in Premier's press release on 23rd March 2016. The Board is, however, prepared for meetings to take place in order to discuss value drivers, a review of material pensions documentation, current trading and material contracts, and so to establish whether McCormick will increase its offer price to a recommendable level. It will also be important for McCormick to demonstrate to the Board that any revised proposal is deliverable.'' And the share price today 37.60!
Thought about topping up recently when in mid-ish 30ps. But the only reason I could think of was that the SP was apparently cheap. But the golden rule is don't buy just because of low SP, it's low for a reason.
I guess if and when they ever pay a dividend. I have a couple of mates who work for Hovis, and one of them reckoned that Premier would be looking to sell their share this year. There is very little sign of that happening though.
Pfd still own just under half of Hovis. I hear sales rose 10% Y-o-Y in December. Any ideas when the profits will start to show up on PFD's books https://www.telegraph.co.uk/news/2017/12/28/bread-sales-rise-first-time-three-years-brits-ditch-cafes-home/
You are right it needs leadership , a quality that is sadly lacking today in most British companies . The old boy network and greed motivate these people . If they spent more time on the shop floor and less time manipulating their shares , and awarding themselves huge options , and FOCUSED on the job , these companies would come good . We are miles behind the Germans who are out there to be the best. They are working for their country as team players .
Another 20m sold but still the sp doesn't go down.
We know that there was 30m+ sold the other day, then another quantity sold from Standard life, now / today there is another 20m sold but we don't yet know by who, So who is buying ? This gives us some idea of what it was ,but if it's the same institution / company buying all this stock it must have some affect on the total 5's Nissin hold 19.76% Oasis hold 8.84% Paulson hold 7.46% Standard life 4.66% We must get another 1-2 rns's soon regarding holdings. Will a bid come before the results or with the results?
is someone is selling. someone is buying. I think it's Oasis buying.
It is simple - more buys than sells and sp should move up. But PFD is not simple and the market simply does not have any confidence in the company and by extension the people running it. As others have said - PFD has good products and brands - it simply needs leadership that can demonstrate to the markets it knows where it is heading. Well am I wrong or am I right people?
So what is holding this company back? Is it the products that might be out of date? is it the BOD's where the city have little faith? Is it the numbers.? So going by the last rns up-date we look like they will come in on expectations, but what are they as they never list them. If we come in with growth of say 4% then we should be looking at Sales up to �821m, Trading profit �130m Profit before tax�85m Debt reduction to �510m and cost savings of �10m. Now with all that the sp should be at about 85p -�1. If we don't achieve that then may be we should sell off Batchelors and others to pay down debt, but there are many other companies out there with much higher debt levels and much higher sp levels. Interesting to see what happens.
From article in telegraph today : Mr Stirling told the AGM: �Being a company director, and in particular a chief executive, requires � a personal motivation that goes beyond simply amassing a fortune. It requires an understanding of where the company sits within the society within which it operates. Little of that is evident currently at Persimmon.�
I think the board of directors need to contact me . I am prepared to come out of retirement to turn this business around Business acumen seems to be sadly lacking . We have a great range of products , what we need is a work study and time management expert , to cut out waste , and also get rid of wasters and hangers on!
It is a strange one indeed. Were we to see this for the first time, we might be forgiven to think here's a buying opportunity if ever there was one; it has so many of the signs, yet even as a LTH, I have little confidence in where the business is going.
WTF is going on with this share, buys outnumber sells yet the SP does not move any ideas? This BB is for private investors, are there only a few private investors holding PF shares? apart from me, oldtimer, bistolover and a few more, nobody else seems to comment, any reason why?
That would mean Nissin would have to respond. It must be appreciated, Oasis are a hedge fund as well as an activist investor.
So it's standard life that has reduced to 4.66%. but this could be another holder reducing their % But on Interactive info page they were not showing so does that now mean we have. Nissin hold 19.76% Oasis hold 8.84% Paulson hold 7.46% Standard life 4.66% Not sure who hold what now, but lets see who has bought.
just sums up PF. It will come good, but only after you sell your shares, so the only way to succeed is to hold on to your shares for another decade or so!!! You will not believe it, but I am still of the belief that this could do what it did from Nov 20111 to April 2012, that is it became a ''six bagger'' for those who bought at 3p.
just sums up PF. It will come good, but only after you sell your shares, so the only way to succeed is to hold on to your shares for another decade or so!!! You will not believe it, but I am still of the belief that this could do what it did from Nov 20111 to April 2012, that is it became a ''six bagger'' for those who bought at 3p.
I have been onto interactive and they also have down as 2 deals of 15m. Nissin hold 19.76% Oasis hold 8.84% Paulson hold 7.46% Will be interesting to see who has sold and who has bought.
The burning question is why would any institution sell 1 or both lots of 15m just before the results are out. It could only be that someone else has been after buying them for a while and just done the deal to build their stake before the results are out or the selling institution has inside info that the results are going to be bad and sold them at market price before the results come out. I guess we will find out in a few days.
Could that be 2 deals 1 at 16.52 and another at 17.13. or just a clarification of the same deal.If it's 2 deals then someone has possibly bought both. some 30m shares Is this Nissin finely making a move?
Who has sold 15m shares ? that must mean someone has bought them. If not the shares will drop big time, but if someone has bought them they could be stake building and the sp could rise a lot. Could get an rns very soon.
15th May 2018 according to Premier Foods website