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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.
Another problem with a rights issue are all the fees and expenses that go with it. I reckon that they lose about 10% of the proceeds paying for it. If only schofield had bought rhm with a rights issue, we wouldn�t be in this mess now
If it helps sort out the debt issue and encourage more interest in the share, I'm fine with that. Apart from share dilution, my only issue would be dilution of dividend, but let's face it there's been a bit of a dearth on those in recent years so a nice problem to have. Just hope that the extra raising would be BWO rights and not a city placing like they always seem to do on AIM
What's going on with this site, it keeps putting the � in places that we haven't asked for. Little blighter.
It�s think it�s fair to say that over the last 4-5 years we / pfd have been struggling with paying down our debt to under �500m. After reading all the press articles about the possible sale of Bachelors for �200M and even GD admission that they have been looking in general at these sort of things. Is it possible that if the sale of Bachelors doesn�t go through they will still be looking to raise some money, so could that be by another rights issue of say 300m at 35p ish or more to help solve this big problem. Any thoughts?
I have a couple of mates who work for Hovis and their prediction is that Pfd will sell their share in 2018.......how much difference that would make to our share price is anyone�s guess !!
'for pointing that out'...sometimes my fingers do predictive typing...
OMG! Thanks for point that out....I'm a year older than I thought! lol Time is flying by but pf makes it seem like time is standing still. Cheers.
The Hovis lock in period ended last year....not his year. The deal was done in 2014
losers share price : down 54% 93p to 42p like for like trading profits : down 16% 139m to 117m, looking like will be even lower after this current year. business risks higher gainers Gores group Bond holders banks advisors Darby himself supermarkets advertising agencies
Could be that darby actually believes that getting sales up by any percentage in a quarter is all he needs to do. The sales volume sounded good, as expected, but only staying on par with the year's profit projections, at the completion of pf's strongest quarter with the extra sales, isn't saying much. We could be in for a profit warning unless something major breaks before year-end. The new Chair will not want to issue a profit warning at his first year-end, with no news....so, I'm guessing something somewhat significant gets announced this quarter, or more devious methods are used to cloud the issue. Is it time to move the year-end again? It is time to restructure the company to make comparisons difficult, again? The 3-year locked-in period on the Hovis JV with Gores ends next week, I believe, so perhaps some small bit of relief will come from that if Gores wants it all, or wants to sell it on and PF sells their remaining 49%. It would be too funny if Gores wants out now, and nobody else wants it and PF has to buy back the 51% at an inflated price, when PF didn't net out anything from selling the 51% in the first place. The first �15 million were to have been invested back into Hovis by PF and I doubt PF received the second and final �15 million that was payable on performance, but who knows what performance criteria were agreed. The next rights issue would have to be for about 18p, lol, at the rate this is going.
The trading statement was just camouflaged to give an appearance that the company was improving. The underlying facts give a different picture. Last year �11m was paid off the debt mountain and the excuse was premier had not fully recovered the costs, at the half year mark it was said this was now fully recovered. This year the costs such as pension costs reduced by �14m reduced, plus savings to feed into rest of year of the reduced headcount. The company is saying they are comfortable with debt at �512m by year end, this is only 11m less, at half year they indicated the plan was to reduce by �25m per year. Margins are tumbling and company is flushing nissin's sales through their books to show sales are higher. Darby has not changed, he is coming to 5 years with a terrible record and this will continue. Darby needs to go ASAP and the company put up for sales. This is the only way shareholders are going to get any return. If he stays the performance will get worse and worse until another rights issue required.
FFS!! Looks like I'll be waiting months for another trading statement before any hope of a proper rise in the SP then..... Every time.....same old PFD...
We have been hammered again !!
you never know!!!
For those who thought recent sp increase was anything to do with the quarterly trading statement, the gradual and predictable drop back to 40p merely confirms to me that we will not see a significant or sustainable rise without either several good trading quarters, profit up and debt well down, or takeover/partial sale such as current rumour suggests. Sorry one other, Darby walks
Oasis have a seat on the board because of their promise to top up, so they will top up. Nissin may decide, it is better to buy 29.9% of the whole company, than buying Batchelors. They can still do to Batchelors what they would have if they bought it, by not buying it. Of course any improvement in Batchelors is good for them and if the debts go down they may buy the whole lot.
I know you are right but will they, I am again thinking of topping a little more but it's the same old question. I have been in here for about 6 years now and is it the right time to top up but you never know just what is going on. Just because Oasis said they would top up who's going to do anything about it if they don't. Yesterday the Mail was again pushing the Batchelors sale for �200m so maybe there is something in it, but surely they won't do it before the results will they?
But if they wait until May when the results come out (which we know are inline or better) they are gambling on the fact there is going to be no good news in the next 4 months. Even if there is no news at all, the SP may be higher than it is now, the morale of the story is, last time to buy 1% ish at these levels.
I would imagine Oasis will want to wait until after the final results before topping up, unless they get a little insider info before hand, but then it will be too late for us.
Because Oasis still need to top up before June and they are the ones with others who are pushing the SP down. Note, just because the SP goes down, it does not mean it will close down!!!
How on Earth can the sp be back on the way down so quickly???? Recent trading statement was pretty ok as was November's, indicating everything is starting to be turned around (imo). I will NEVER understand PFD's sp..... After last RNS I was expecting 50p by now!