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Good strong performance in q1
Yes ! and if I remember correctly just as it was rising from 3 pence towards the 18 pence mark , suddenly there was a
negative news story about ( a particular Lloyd Grossman cooking sauce) food poisoning !
( which in the end turned out to be how the particular person/s had stored the jar once opening it )
But at the time it was “aaaaahh !! “ for the sp ( oh the joy of being a pfd holder : )
Luckily we have come a long way since then out of the shadows and into the
light !
Tomorrow is going to be feel good Wednesday. ( all being well )
3p was pre consolidation so X 10. It then went up to £1.80 ish before falling back. Then there was the rights issues.
Lol I remember 3p or was that a bad December dream!
been in PFD nearly 10 years your just whipper snapper in my eyes.
market jittery at the moment a good trading update will hopefully calm nerves a bit. Unfortunately these day peoples pints are half empty rather than half full.
Trading updates for PFD feel like results day at the moment. This is the first one from a full period of lockdown. Nothing may have changed from what we already know. But it will be interesting either way, nothing is bog standard at the mo. Greggs suffering but night time eating coming back strong.
Remember it’s just a trading update, so probably not much more than just sales.....but you never know !!
Pleased to be of service
Howabout
a tax on, or restrictions of 'bad for you' foods like cakes and puddings
Contamination or food scare on a feedstock / product
Tesco get nasty
Industrial action; drivers, process workers...
Accounting scandal
Interruption in the supply of yellow and brown printing inks
Kallumama sells his holding causing a glut of shares and panic
Are we expecting anything new. Increase profits from what we already know ? Move into FTSE 250 confirmed ? Dividend (i really want a little dividend ) if sales are above 20 % the market will be happy, or even happier than they are now. A sniff of a sale of hovis ? It must be doing well in lock down, ive tripled my purchase of bread and stopped buying prepacked sandwiches. Dont think pensiners dying is what is transforming the pension though .
The excess deaths have been circa 70,000. I agree it is a relatively small dent, and not THE reason for having hope. On a scale of reasons to be hopeful, changes to consumer habits/ wfh etc, and the already positive news on pensions before Covid are much higher. In the interests of balance, it would be good to hear reasons not to be hopeful. Doesn’t mean we have to agree, but it is good to be challenged.
Lucky, I did exactly the same thing last week....sold 50% of mine. Nearly bought a boat.....changed my mind and bought them all back again. Luckily on a slight dip so I didn’t lose any money. I hope I don’t regret saying this.....but as many people on here are saying, there doesn’t seem anywhere better to put your money at the moment.
As of the middle of this year there were reckoned to be about 68million people in the UK ; as of today there have been 45,759 deaths in the UK from Covid 19 - that means approximately 1/15th of 1% of the UK population have died from Covid (or related illnesses - depends on who you take your stats from).
If you regard the workforce of Premier to be a fairly typical cross-section of the UK community, then that really is a tiny percentage of Premier pensioners that will fall off their perches as a result of Covid. Is that actually going to materially decrease the pension liabilities of the various funds?
Cereus shame milky bars was not part of PFD portfolio as we could say the milky bars are on you !
I can't see much swing in current climate not until updated report at end of the week. I have sold approx 60% of my holding but to be fair there is not a lot out there I fancy at the moment , i had a dabble with Boo but my bank manager must be very pleased at the moment, but need to find a home for it before partner sneaks a cheeky glance at my account & wants a new car or something.
Looking forward to it. 85p and holding, i expected a ittle rise up to results but lots falling today , potentially over the secongd phase. Been said before but PFD is a safe place for investing in the current climate. Thats if there is such a thing. Who would have thought PFD would feel ok in comparison to other stocks.
Seems to be holding firm at 85p, I’m sure those with trade data will be able to confirm. GLA all, normally, in the past, PFD would have started the slide South by now so looking good.
Yes , that is really back to basics, even the foil trays for pies in chipppies had different colours to distinguish which pie is which ( beef and onion = red ) etc have been around since
the 1980s ? Anyone remember?
I bought a box of Mr Kipling 6 Bramley Apple & Blackcurrent pies last week , and when I got it home it stated they were giving away prizes of 200 a week. I contacted the website , entered my unique code from inside the box , and wow , I have won £100. Now that is a first for me. Maybe a good omen , I shall buy more shares with it ! Good old Mr Kipling, and folks the pies are fantastic .
This is a first post for me. I've read past reports for a long time and I've been been drawn in because of Kallumama's excellent analytical and well thought out contributions. I was not in favour of a the suggested 2016 65p bid (if bid it was) for the reasons that are now becoming clear. For what it's worth here's my two penneth worth.
Past comments on the last management have been rather unfair. They did a lot of 'heavy lifting' (asset sales, reorganisations, new products, rights issue, and so on). The current management does seem to be doing an excellent job, but they are standing on the shoulders of the old team's work.
The main reason for the recent share price surge is, as we all know, the sorting out of the balance sheet (including the pension deficit). In the late 1980s Next had a disastrous balance sheet and a share price below 30p. They sold their then mail-order business Grattan to Otto Versand in Germany and transformed the balance sheet. This gave them resources to expand. Over he next 25 years the shares went to over £70. The management was, of course, excellent and they could exploit the fact that M&S was losing its way.
Has anyone noticed that during Premier's share price upsurge the price stabilised for several days around 40p, 50p, 60p,70p and 80p - caused, no doubt by holders reaching their pre-decided selling points. Could the current stability (down from its recent high) be a bit different? Oasis and Paulson will probably looking for an exit at some point. We must hope that that is in excess of 150p (Kallumama' calculations suggest a value up to 200p). But it might not happen. To attract a buyer of the Company there needs to be some in-built value left on the table. If the target selling price is, say 100p, then stabilising the price around 85p gives the possibility of a 20% take-out premium. A takeover at 100p would mean current and long-standing shareholders missing out on the full value of the company.
On the other hand, if the management can introduce enough new good quality products and there is some residual post-Covid momentum to lead to a sustainable growth rate in the region of 5%, then the potential for the share price, in the fullness of time, is even above 200p. If this were the view inside the company the major 'weak' holders might be persuaded to stay in for more value, though they might not want to wait very long for an exit.
Thanks for your input on this board. I am a recent investor who intends to hold for some years ,depending of course on company performance . So it is good is good to read the observations of a LTH . I am optimistic and i guess you are too given you still hold.
Beanz means Heinz. And it does. If you buy any other brand of beans you have to qualify the choice with 'because the're cheaper' or 'they only had...'
You Hoover the floor with a Dyson
Walkers cheese & onion crisps are in a blue bag...so wrong
In Scotland a 'bottle of Ginger' is Barrs Irn Bru which outsells Coke
Coke is generic for cola, pepsi etc.
Premier have a load of brands that are synonymous with the products; Ambrosia, Birds, Oxo, Bisto, Hovis. That's what they have to capitalise on...but I'm a Chemist not a Marketing Executive.
Aye but as he says if you dont reinvest and reinvent you wont be long
Marketing works but you don't need a marketing department, or PR, or advertising. You just need to have something 'remarkable' in the literal sense. That can be cheapest, best, strangest, safest, most familiar, etc. PFD has some very familar and trusted brands. Seth Godin says it more succinctly than I...
https://seths.blog/2007/01/how_to_be_remar/
The decision to change the box colours resulted in a double digit uplift in sales. Only a small idea but it worked. I think hes really focussed on maximising brand awareness as cheaply as he can whilst reducing debt. Ive no idea how big the marketing dept is but if they can double digit other brands with a small changes surely thats good news.