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Remember the purpose of a PFD investor, is to enrich ALL others. GD & co, the workers, the banks, the retailers and most importantly the mm's .Doesn�t it make you feel good?
My mistake, selling for 60p. 65p off.
Now selling for 65p at the Co-Op. Very tasty.
I am on your side and are hoping for the share price to be higher as my holdings will be worth more. I have learned to not trust the management as they have tried to talk up the share without actually delivering. The reason why share price is low is for a very good reason, the market does not trust what comes out from this company. I personally can see the share price going lower short term and will top up if it does, my average is low 30s, this was achieved using my instinct, which is saying the management are hiding things. Last year they said how much net debt will come down by, this year they are using analysts forecast, why did they not just say debt will be estimated to be �25m less, then the share price will have been going higher, but they did not.
All premier has said is in line with expectations, this does not imply profits will be same or higher than last year, so profits can be lower as they have not published what expectations means. If they are implying net debt is going be �11m less and we already know pension contribution is �15m less, so profits will have to be less, else the numbers do not add up. When they release results in may with a lot lower profits what do you think the headlines going to be in the newspapers, can't see them going to push the share price higher. The only way share price will be higher is if hovis gets sold for a good amount, but this will be gores delivering and not useless darby who has just been a disaster for small shareholders. All Darby did was was to give away hovis for virtually nothing, some-one posted here indicating premier did not even get the full payments. Darby will keep saying anything to keep his job. Now they are saying - "rate of deleveraging is on track to accelerate in future years as the Company pursues its target of reducing Net debt/EBITDA to below 3.0x" So no jam this year as always, but will be in the future as always, he has been coming up with this sort of shit for 5 years and has not delivered once.
this year, GD has said the company 4th qtr and end of year numbers etc is in line with expectations which means a bit more of a turn round so No profits warning. After 4-5 years we are now starting to turn the corner and everything will start to improve, with sp up to 65p
can't see much signs of marketing spend this or last quater, so the company is throwing everything at discounts so that darby can have nice graphs showing market gains, no use to a highly debt based company. perhaps the company will be renamed to discounted foods.
well said AAT. Darby and co have been exposed when they let out the expected net debt is going to be only down 11m, same reduction as last year, even when pension costs are lower by 15m, still leaves 8m extra this year, allowing for the wasted 7m to re-issue bonds. The market will now be expecting a profit warning, likely date is beginning of April. The company will stay silent until then, allowing the share price to drift lower so that oasis can buy the shares they need.
Hope so...ha....but it has been 5 1/2 years of nothing already....well, to be fair, the sp is up 1p (old money) from 3p to 4p in that time. Wow... A gain of 2p (20p for the now 10p shares) in the next 6 months based on results for the full year would be quite a jump, in comparison. The RNS didn't tell us anything about margin or profit...but the conference call comment about ending the year at higher debt than originally promised, and being happy about it, did.
Buys outnumbered sells, but still not enough volume to suggest the SP is being driven lower to fill buy orders. We know Oasis need to top up before June, but unless we now get some big volume next week, I think nothing apart fom some sort of news will move the SP.
I was expecting to move up to a close of 45 this week after a very positive rns...i'm really disappointed..will continue to hol long term, as i am sure it will reach 60 over the coming 6 months ..on full accounts being released.
Holding tight, should be significantly higher by year end. Was expecting this to keep rising after recent update but feel investors do not trust this board. GLA
Yeah not brilliant. However if time is on your hands and it drops a penny or two below 40p could well be worth a top up. My average is 40p anyway so won't really make much difference but am prepared to hold for medium term if necessary.
Another week of being cheated !
Just look at the extra millions of mince pies we have made so far this year. Bring on more own label contracts as long as they are profitable.
A few years ago pfd moved away from making and tendering for Supermarkets own label products in a bid to go more for lower sales but at slightly higher margins. And as we know that proved to be lower sales overall and some of those own label contract went to other manufactures. So it now looks like we have had some spare capacity in our factories and decided to go for more own label contracts for the like of the discounters. OK so these are lower profits but still profits and as long as these contracts are from our spare capacity and not at the expense of making branded lines then why not make them. This keeps our competitors out of the market and once you have these contracts they are usually for a year and then we can re-tender at a higher price if we want to. I have always believed we need to have a mixture of both branded and own label products to get the best opportunities out of the supermarkets.
https://www.thetimes.co.uk/article/city-traders-getting-away-with-abuse-of-markets-3czm07nkp
depends what you are looking for on this board. Management Chearleaders ( AKA Darby lovers) regardless of what the management do or good fair comments that are helpful to private investors.
Re "but our Q3 Group sales up +4.0%; year to date". Yes overall up but you do need to break that down. Branded up 0.7% and Non-branded up 17%. So the "busy fools/low profit" bit is racing ahead but our mainstays are almost static. Agree, still better than market but only if the result is higher profits.
I would agree with you, my ave is still about 65p and a long way off yet.
BUT not the Share Price huh?
National retail sales for Dec are out and showing a big drop, food sales are showing a drop of 1.1%, but our Q3 Group sales up +4.0%; year to date Group sales up +2.6% So it looks like we are doing better than the national picture, now that must please someone and maybe pfd are doing better than we think against the general market .
I can see your point but we all hold shares in some companies for years and in some cases some of these companies never look as if they are going anywhere and when you thousands of pounds down it's so difficult to keep positive with your views. We all say things that we don't always mean but sometimes we say sod it we have had enough and it's a way of letting of anger. I am the same at times as this game drives you round the bend. we just want to make money and NOT lose it.
I notice you have only ever posted on the PFD BB, since your inception in April 2015, may I ask if this is the only share you hold, or rather do you actually hold PFD shares? I skimmed through some of your posts since you joined LSE and unless I am losing my judgement it appears that not one of them is in the slightest bit positive, infact they are generally negative. I am just trying to get the mindset of your position here, as I have come across a few posters across the different BBs that have a similar angle with certain stocks, their profile suggests they only ever post on one stock yet all their posts are written in a manner perceived to be negative. I guess it takes all sorts but the mind does boggle as to why an investor would constantly talk negative about a stock they pertain to be invested in. Of course you do not have to answer, nonetheless I am intrigued what motivates persons such as yourself. Thank you in advance. Rich
The fact remains that we must be looking to raise some cash via placing or rights issue to help bring down debt. Now that's not going to do anything for the sp if the press put it out there.