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£17 for a curry? Without rice?? You really do need to see a hike in the SP if you have to pay those prices. You could buy the whole restaurant for not much more than that in Bradford.
i expect eat out to help out will have a negative effect on quantities of food people buy to eat at home (as in less) & that lockdown restrictions have improved.
Saying that the year end results didn't really take in to account lockdown food purchases only Q1 did which were positive but PFD is'nt the only food manufacturers out there.
This was a solid performing share up unit the 90p mark, it cant seem to break £1 despite the positive reporting. Maybe Q2 will confirm that PFD isn't just a 6 month pandemic success.
The problem if the company is dominated by its pension funds. Management is very sensibly trying to get rid of them to a specialist provider but until they're gone movements in bond markets will affect the company's share price in the short term as much as its trading performance.
Profit taking... this has moved so much over the last 3/4 months. Plus most of the market is down today.
August is also generally a quiet month and potentially no news for another quarter.
I wouldnt worry, this will be back up soon....we have the best time of year for PFD to look forward to. Autumn and winter is our best quarters... plus 2nd wave does look like its on its way... so less eating out.
Any opinions on why on earth this is dropping? I cannot make any sense of this drop nothing points toward a drop
Here we go again
The bad old days.....Market up.....PFD down 2.8%
Ive sold out. This is the only share I was in profit so couldnt take the risk of losing it as had quite a bit here so have made a decent 3 figure profit. Still think the sp is grossly undervalued but for some reason this is not being reflected in the sp. Still wish the best for everyone here bu secretly am hoping for a re-entry in the 70's lol.
Agreed.
I should have added:
Great set of annual results
Great Q1 results
Even I am optimistic.......what could possibly go wrong ?
You're absolutely right, Dogger, it's not just Covid - but I've been around RHM and Premier long enough to have seen good news send the share price through the floor, so wouldn't necessarily have been surprised to see the same thing happen again this time around. That said, there does seem to be a distinctly different and generally more positive air about things now - let's hope the overall impact of all the different elements has given us a sustainable improvement this time.
It’s not just COVID though is it ?
Pension news
Debt repayment
Potential Hovis sale
These have all made a significant contribution to the recent SP improvement
Yes, it's sadly the case that during the years when 'things' generally have been ok, Premier's share price has struggled - and sometimes plummeted for no apparent reason. The moment something like Covid has a dramatic impact on society, we soar like the proverbial eagle. (Let's hope that's not the kiss of death.)
Looks like the climate that has kick started this company's fortunes is about to revisit us. Good for shareholders pockets but terribly grim as well. :-(
I think swapping from Gillette to Lidl own brand razors answers your He/She query...maybe not tho'.
Even though no surprises in the RNS it did give some finer detail but seemed to settle the nerves in the city. We was obviously made of sterner stuff when i worked on the trading floor in the late 80's happy days shiny suit , thin tie , mullet & a phone the size of my head . Plenty of white stuff & champagne anyone here remember the city circle wine bar on here surely we have sold old traders on here .
I worked for premier when it was hillsdown holdings. We were taken over by Hicks Muse Furst and Tate VCers. While we were owned by HMF&T we were fast moving, dynamic and very entrepreneurial. I was still there when we floated (and made a bob or two on share options). It was during the IPO that I bought, and was given my first shares. The company was still fast moving, although showing signs of becoming more corporate.....internal auditors.....£100m wasted on SAP etc etc.
Robert Schofield was in charge. He bought a load of brands from RHM and Unilever, he bought Quorn and the canning business from Campbell’s. He used a small rights issue to buy the campbells business. After that is when the trouble started....he bought RHM for cash with hefty borrowings. Then came the 2008 financial crisis. Suddenly high levels of debt were considered a bad thing instead of the right thing. At the time of the RHM acquisition the SP was around £3 and premier were paying a very generous dividend. After that, asset disposals, dividend abandoned, borrowings crisis.....
The rest, as they say is history !!
I agree with you Jed. It’s all very well Kallumama saying he/she “doesn’t care about the share price”, but I wonder if he/she has been a shareholder in PFD as long as we have. 12 or more years in my case. Over the years the SP has truly reflected the value of the business.......but not for quite a few of those years.
K - Mama, all good. tnks for your insights. company's success in bringing brands that were in a comatose state back to life requires oodles of patience and management skill. outgrowing unilever and the big boys shows this company has developed management bench strength. marketing master minded by ex P & G young gun. paying down debt, reducing pension deficits, buyback, sale of hovis can only add to this. 39% grocery growth is a blowout and kudos to the management team. brands endure. brand strength at fuller display now...more to come. brands brands brands
I have been in these for more than 8 years and seen the highs and the lows with thousands being taken away, the company has said for years they were under valued but the city never believed then and it's only the last few weeks that something like true value is coming back. I am not being negative just realistic i think for now.
Is good but as expected and so I think most of the good news is already built into the sp.
Now have to wait for the Hovis news to push the sp a bit higher.
Any thoughts on the Amazon on-line effect, especially regarding branded vs own brand and targeted on-line advertising, tracking browsing and purchase histories. (Never bought food on-line myself)
Stand by for a separate Hovis RNS in due course. Too big just to tag onto Q1 results
Kallumama :-)) your charts are the price im looking for now.
Great RNS, confirming what we already knew. Might have a cherry bakewell to celebrate!!!
Sounds good to me... should provide confidence, and support the SP going forward.