Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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well if in the past a warm September can lead to a profit warning, but full year results remain unchanged. We ought to see the profit forecast to either be raised or ''come in at the higher end of forecasts'' Neither will happen!!! It baffles me that GD is still in a job and so I can only assume he is ''in on something''
Warm weather and late Easters are usual excuses, he will have to be more imaginative this time !!!! Maybe the cold weather has ruined sales of Ambrosia frozen custard !!!!
I suppose the only way we are going to get shot of the current CEO is when the share price hits 0p. PFD should have been taken over by McCornick, if that would have happened the whole PFD mess would have been sorted out.
Re weather. Darby has been blaming the warmer weather for 2 or 3 years on poor sales performance under his watch. So I am looking forward to a stonking RNS update next time to reflect one the the coldest winters for years. lolollol
probably!!! But it should not be because the weather has been cold and we may have a white easter
35p by Easter ?
They got their nose in the books - its an option. With a huge pension liability weighing the company down, is it such a great deal? Probably no. But, if you can walk away with the bits you want? Must stop thinking as if this is the bargain of the century despite there being some value there..... Cherry pickers...
they represent nobody!!! Not even Nissin!!! They matched Mc Cormick with the price they paid for 20% of the company and believed GD could turn the company around. What have they gained? What have Oasis gained?
Ask Darby and the Board - they surely represent the shareholders
how can 65p ''undervalue the company'' yet 38p seems fairer value?
Come on guys = 65p seriously undervalues PFD. We all know that and Darby and his board know this full well. They are just biding their time and also looking after us shareholders Now - where is Snow White......................
Hope not, even a 25% premium would not get us back to the previous rights issue price of 50p
of the Mc Cormick bid and look at the SP!!! Is there even a 5% chance they could return?
Yes the BOD of these companies, DID NOT do what was best for the company and its shareholders, only what was best for themselves! The gravy train continues for them, but sometimes this gravy train runs out!
starting to think the same!!! The fact a bid was turned down means nothing, as I have stated on this BB before, Mothercare rejected a �3 per share bid in 2014, today the shares are 16p!!! Yet nobody is really making a noise about it and this is not the only example, there are others like Spire Healthcare rejected a bid only a few months ago and they now trade 50% below the offer.
30p is more likely by Summer 2018!
Batchelors is the new Hovis?
That sounds good to me.....60p sp by the summer then ??
No why would they, the year end numbers could be looking very good anyway so why not get the sp increase into the system first with anything else that will be happening, ie GD stepping down etc. Then announce the sale of Batchelors for another �250m -�300m to reduce debt from 2018 / 19 numbers. Anyway these sort of deals would take another 3-6 months to complete even after an announcement.
If it were to happen, would they not want it to be completed before the year end, so that the debt figure is better at the year end ?
The buying of Batchelors wouldn't surprise me and could be announced with the finals. This did the rounds only a few weeks ago and the bod's put it down, but maybe they were just not ready to announce it at that time. I have a friend that works in the noodles Factory in Ashford and he says they are working flat out but all the equipment is really old and needs replacing , so long term there will need to replace it with new , now that's going to cost someone. Let's just sell it for �250m and reduce our debt.
Best we can hope for is Nissin buy Batchelors and this cuts debt. Perhaps Oasis have ideas with a brand or two, Ambrosia needs chronic investment as does Sharwoods. If the markets like the ideas, we won't need to wait to see the change, the SP could rally.
It would be interesting to know what they do when they are being unavtivist investors
the case? You would imagine so seeing as they need to get to 10% by June?
Just been reading through the PFD strategy on the website and found these 2 statements: "Targeting below 3.0x Net debt/EBITDA in the next 3�4 years. Generate Value for our Shareholders." Roughly translated , the first statement means "Forget any dividend for the next 3 to 4 years" This statement, coupled with a stagnant SP and little or no progress on the financials over last 2 years, makes a mockery of the second statement. It's about time some of these NEDs grew a pair and got rid of Darby. Beginning to look to me like a cosy club for highly paid mates.