Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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I and many others hope you are right Oldtimer. By fly I hope you mean like in take off and not off a cliff?
is being kept low on instructions to buy more cheap stock, sooner or later it's going to fly.
today 1of 300,000 and another of 100,000 , someone is stake building before the results !!!
I think you hit the nail on the head. City does not have confidence in management ability to deliver. Profits and sales are lower by around 20% in 4 years, so any amount of debt will be a problem if city believes profits will slide further, this lack of confidence is showing clear to see, we need a change in management.
I think many small shareholders get hung up over debt but many many big companies including saga who reported today have large amounts of debt. Many have anything from �250m - �800m debt and that's on a normal working set-up and as long as it can be managed it works out ok and many big companies with large amounts of debt still have very healthy share prices to boot. So with some �500m debt for pfd and great turnover to finance the debt there shouldn't be a problem. Maybe the city just don't like Darby and the freebies they get. who knows.
Agree!!! However, you forgot to mention Nissin wanting to get Batchelors ''cheaply'' because if it was willing to pay the market price, they would have bought it by now.
What is the overlap of the bond owners and large investors, if most of the large shareholders also own the corporate bonds, then you have the answer. Darby is more interested in pleasing the bond holders than shareholders. Nissin does not have any bonds, but there motive is to just get hands on Bachelors.
Many including me have been waiting years for this to turn round, they have sold off brands, they have had a rights issue, they have had a consolidation, they seem to have done all the right things but still no real progress. Darby and friends have made millions out of cheap / free shares while the rest of us have lost thousands, so why do the large shareholders not take action against Darby, who knows. The sp seems to be stuck around the 35p- 45p for 2 years now and no matter what happens to their total sales even if they are better and show growth it doesn't seem to be enough to pay off debt levels. Maybe the only way forward now is to sell off Batchelors as mentioned in the press a few weeks ago and pay off more debt but what will that do with our nissin tie up. Who knows where we go from here I guess we could find out in a few weeks with the results.But with most big supermarkets doing well with increased sales that should show that pfd has done well to.
How is that possible? The big shareholders must be in on this with him or else he would have been sacked. Tesco has moved up from 150p to 230p while PFD has gone down. Other consumer basic / defensive stocks have had a good turnaround except this crap.
Too early to see if he will pay full price. When Darby bought shares when he started, it was not mentioned at the time he would get matching free shares three times over. The new chairman may be on a similar package.
On the contrary, unlike many directors in many companies, who create wonderful discounted share option schemes for themselves, he has paid the full price, albeit at a time when SP is quite low.
All people designated as PDMR receive an e mail from the legal people telling them when the closed period is. So anyone buying within this period would be very stupid.
Had high hopes that chairman would clean the rotten house up, removing the gang leader CEO very quickly, but he also seems to want to help himself to the honey pot
Keith Hamill, OBE, as Chairman and not MD on the 1st Oct 2017, the phantom bid was way back in May/June 2016 so had nothing to do with it. He is buying now because It could have been in his contract or he thinks the sp will be going up after the results. We all know many of company directors buy their own company shares ahead of many announcements. Why is that?
He got away with being aware of "Nissan" intentions at the time of the phantom bid. Why would buying shares prior to results, bother him and his cronies?
The Chairman and others have bought shares and some people think the purchases are to cash in on the forthcoming results because they have "insider information" - by my reckoning that is a prison term if that has happened
Many parts of Britain suffered very very cold and snowy conditions throughout most of March and that meant many spent more time at home or were stuck at home and ate more food than they would have at work or in outside eating houses etc. So overall food sales should be up, now if pfd cannot or has not done better than normal in these harsh conditions when will they benefit. For years pfd has said sales were down for this and that but mainly for warm conditions. Now will be the true test. !!!!! Maybe that's why the chairman has bought the 266,600 shares on the 28th March after getting the sales info. ?
https://news.sky.com/story/beast-from-the-east-drives-online-shopping-in-march-11324802 But what will this do for PF?
You could be right there is normally some sort of agreement and it could be tied to 2017/18 year end ie 31st March, but either way they would know more or less the years trading results up to 31st March. Most big companies know just what they have to do in terms of turnover and profit about 4 weeks out from their year end, and that will normally just have to be confirmed by their accountants. So I guess the bod's will know if they are finishing up or down and that's why they are stopped form share dealing within the last 4-6 weeks before the results are announced . It's been 2-3 years since the rights issue of 50p and another 2 years since the failed takeover offer and about time Darby got things moving. Just another gamble.
Is it possible that one of the terms of his appointment was to show faith and purchase shares within a certain time of starting his job?
Must have been in these for about 8 years now waiting for a takeover that has never come, but I think things are now starting to look a little more positive, so just topped up another few thousand bringing my ave down to 60p. Let's hope I am right. but surely the sp cannot go much lower and after the chairman bought 266 600 there could be light at the end of the tunnel !!!!
If they buy any more shares, it would probably mean they are going to play their part in a hostile takeover and sell to most likely a private equity outfit. There is still a slim chance of the likes of Bright Foods or Mizcan etc buying the Oasis stake. Either way we could then see Nissin top upto 29.9%. Where would this take the SP?
I think there must have been a buy order in for the chairman for the last few weeks so 1 or more brokers have kept the sp down as much as possible so they could buy the 266,600 shares at the lowest price. It could still be being held down for other buyers, for more reasons. Interesting few weeks ahead.
In view of all your valued comments. Why does it continue to go down???
Close period definition changed with the Market Abuse Regulations. Now it is just the 30 days before an announcement of results.