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Massive reason to hold on..... value. It has a PEG ratio of 0.3. A price to book value ratio of 0.43. Meaning this should be minimum hitting the 200p a share mark. Combine all of this with economic situation I.e. winter coming with a resurgence of COVID19 and people hankering down and making their own food etc it all benefits PFD. There will be further news of debt reduction to. This share should easily double in share price from it's current position.
as this has risen and risen and risen in recent weeks.
I took a quick look at this when it was 20-25% cheaper and wasn't convinced but feel like I'm missing something really significant here because the bull run here has been remarkable.
So, at risk of sounding very lazy, please may you someone sell this to me / explain the rationale for investing now @ 85p ish?
So we ended up with a small drop. Lots of buys at the end of day, can we have 90p tomorrow please, and £1 the day before results, then £1.30. Yesterday , and earlier today i thought we were back to the bad old days.
Thanks Kall.
I will of course continue to keep an eye on your posts while I am bobbing up and down on a gentle swell......with one hand on my fishing rod, whilst cleaning out the heads (boat language for toilets) with the other. captain ahoy !!
should you now be called Captain Dogger or Seaman Dogger ?
This pull back bounced right off near the support at 78.80, bounce was big, as was previous bounce from there, next stop resistance point is 102.00, cannot give time line, the trend is your friend, will get there soon,........hopefully
In my case, I am buying a boat and having some fun......and it comes at no cost thanks to PFD
May even see a 3-5% rise today at this rate....
Well done to you and please enjoy your profit (don’t forget to pay the taxman) :-) Actually lovely to year some long-termers getting profit after years of pain! I’m staying for the ride, been here before and hope not to regret, but to all who’ve made money - WELL DONE ?? GLA
Kallumama....tbh I'm taking a breather...I didn't expect the PFD journey to be such a long one. I'm gonna enjoy some of it though by buying a classic car! Few home improvements and the remainder in Fundsmith Equity until I find a new share I like .
Cheers ck81, best to you too. Sure your discipline will be rewarded!
Sp seems to be regaing losses and rapidly too I hasten to add. May even finish in the blue today at this rate. Seems like the people who wanted to get out have now done so and its onwards and upwards once again. I am certain it will now go back to the daily 3-5% rises that was the norm a week ago.
The market is irrational but it cannot be irrational for too long. If all the financial indicators are positive then this will eventually be recognised via the mcap.
Good luck Guttedman, you don't need to justify taking a 100% profit, especially after so many disappointments. I've posted before how the long term holders are loving the renaissance but still have a lot of baggage to overcome, hence our nervousness. It's taken every ounce of discipline to keep me from dropping the hammer (have top sliced of course).
I personally think we've only just begun a new (virtuous circle) journey but very best of luck to you.
Can't argue with anything you've said thegame316 . Don't think I'll be brave enough to look at the sp next results day!
It certainly does Dogger! Long-time sufferers like us needed to see something back for those years of torment !
And whilst this time things do seem to be a bit different, I still couldn't take the pain (and regret of not selling) of yet another false dawn!
Been here a long time, and people fear the decline for no reason, we have seen it before. Im staying for results. It will go back up, the company is recovering.
"As we look to the coming financial year, we anticipate making further progress, with increased consumer marketing investment planned. Revenues in the first quarter of FY20/21 are expected to be approximately 20% ahead of the same quarter a year ago reflecting continued strong demand for the Group's product ranges, particularly in our Grocery business. Consequently, we expect to exceed current expectations for FY20/21 Revenue and Trading profit despite incurring some additional operating costs in our supply chain. Our options for cash deployment and capital allocation will improve as a result of expected further Net debt reduction in FY20/21."
If the next trading update expected at the end of the month confirms growth of 20% then it will transform the sp. Will easily go over £1 and from there the skys the limit.
This is the main reason why the sp has gone down in the last 48 hours. The sp has risen considerably over the last few weeks hence people that have been in for a long time are now deciding that they would rather bank profits this time around. Fair enough but the fundamentals have not changed here. Compared to 6 years ago when sales and profits were falling and debt was increasing it is now the opposite.
Sales are increasing and have been for the last 11 quarters especially Mr Kiplings which alone has been phenomenal. Profits are at on all time high and debt is being reduced rapidly which means considerbly less interest to pay which means higher profits later on. Alongside this the pensions agreement that has just been signed means less funding will be required for the pension scheme which agains means more bottom line profit later.
The future here looks good. If people are going to get spooked by a 10% fall over 2 days when previously the sp has doubled in about 2 months then they need to sit back and do their research and make a decision on whetever the current sp is the correct value or if it will eventually correct itself to £2 which is achievable by the end of the year if not sooner.
I am in a very similar situation Guttedman. I have just sold 50% of my holding at 100% profit. As you say, I am sure a t/o will be just around the corner. Having said that it feels wonderful to have taken a huge amount of profit out of pfd after 10 years on anguish
After maybe 6yrs holding PFD as my only share (all my savings!), and an average SP of 42p in the end, I'm afraid I'm finally out today, thanks to a stop loss I'd set at 85p. Really think it's worth £1-1.20 but when has PFD ever been worth what it should be? My issue with PFD is that they still they have nothing summer-based to sell.
Wishing you all the very best of luck - and if it returns to 50p (wouldn't bet against it), I'll no doubt be back in...but after thinking for a long time I was going to make a big loss, I'm actually ecstatic to be leaving with a 100% profit.
Obviously, now I'm out, a takeover will be announced at £2 a share ;)
Sells outweighing buys, some profit taking going on. Not sure the Q1 results will be brilliant, it's the Q2 results that I think will really sing.
spot on Johnam - also the Covid stocks have been very excitable again so imagine some money is moving over there too.
we have a lot to look forward to here though so I agree with you - they'll be back.
My guess is, not that Pfd has bad news, but vaccine etc is better news elsewhere. So sell Pfd on its high to catch the lift on Banks, Leisure, Public transport...then back to Pfd to carry on the journey. That's not my investment style, I'm staying here.
Auto correction from last few weeks ?
Easing of lockdown ?
Getting near Q1 results ?
Or something else ?