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Apparently there are some companies, that you just invest into for a very long time. The SP just bob's along with minimal variation and the company even pay's a dividend.
Even in profit, I am still frustrated about many aspects of PFD. But in the absence of any interest on any savings accounts, I will be staying in.
There's a very good chance there's a takeover bid on the way. Premier lead in their categories and now have a transforming balance sheet whilst valued on a multiple that's way too low.
(muzzled at this level for the foreseeable future in order to maximize the appeal top any take over prospects)
I am getting to the point where i don't see anyone making a takeover offer.
Surely after such a long time of pfd being out of favour with anyone due to debts and pension etc and now with the long term prospects looking so good with profits and pension sorted and lower debts I would have thought that if any company was interested they would strike now before the sp goes to £1. But it doesn't look as if anyone will bid, so just how far will the sp raise without a bid. ? 75p -80p. ?
I wonder if some how it's going to be muzzled at this level for the foreseeable future in order to maximize the appeal top any take over prospects. Not that I'm complaining, years of holding this stock and finally I have a decent profit. GLA
This share along with NEX has been my best performing share by miles. Bought in at 26p and have seen it rocket. Bought NEX at 90p and sold out at £2.50. When PFD gets to £1 I will have a decision to make!
Thank goodness it wasn’t the Pfd factory in Leicester that has a covid outbreak. It’s the walkers pie/ samworth brothers factory. The pizza base Pfd plant is in Wigston just south of Leicester. I thought here we go .. Phew
Funny isn't it that I guess many of us have also been following AML but vs pfd , PFD should be well ahead with lower debt and making profit , but when you look at aml and the fact that it's gone bust what about 7 times and now has hugh debt level and just raised what about £700m this year and still not making a profit the company seems to have a very big following.
However I still think PFD has a better future and will hit £1 before aml.
So come on PFD get moving uo now, please.
Slow creep to 75p by next Friday I reckon. It reached 72, with expected reduction. Then again who knows, hovis and Q1 sales (whichever comes first) will be the next spike, or promotion to FTSE 250. All good, and never boring. I can see the logic with this doubling in price, once the big boys see if then bang. Maybe they already have ? I dont understand the auto buys fully, but i know bigger things are in play.
For next week anyone ?
I think maybe quiet consolidation......but who knows with PFD ?
Thank you Kallumama for taking the time to post. Yes! You make absolute sense, little panic due to share rise after results only to see huge losses within a few days. As they say in the Bitcoin world HODL :-)
Hi, really enjoy your informative commentary, please keep them coming.??
This price of 66p put's the 2020 PE on only 6.5x and a double digit free cash yield for 2021. It's a definite buy any dips.
Are you returning to type?
Tree shake ?
Buy the dips, it'll go back up. RSP firming.
What's going on here now, almost 3 times as many buys vs sells but th sp is going down. !!!!!
PS I’m sitting on a B/E at 55p and highest price of 89.9p! The rights issue brought my B/E way up but I thought (wrongly) at the time it was a bargain not to take up the offer.
Lost of great posters on here who’ve given me hope over the (over 10) years that I wasn’t a fool for holding!
Just recently Kallumama and Nickel_Investor have been absolutely brilliant in sharing their knowledge and have really kept the thread alive!
I know we should all DYOR but sometimes it’s really nice to have others share their thoughts and knowledge.
Thanks all!
GLA Peeablo
Other thing worth noting is that weekly volumes have just totally soared compared to prior years. The turning point was the pensions breakthrough here. The best bit of recent news was that IAS19 surplus has jumped massively - from £373m to over£1.2billion
Directors and key staff have shown their confidence by buying and it makes sense - PFD is transforming itself (brand and balance sheet) but still trades on really attractive valuation metrics.
Have a read of this if you haven't seen it already, gives you a great sense of the transformation in play - https://www.premierfoods.co.uk/CorporateSite/media/documents/investors/results/2019-20/PremierFoods-2018-19-PreliminaryResults-Presentation-20200624-Final.pdf
Great times if you hold here, 2020 is shaping up to be a fantastic year
I think you will get your pound.. If the Hovis sale happens it will be above there soon enough
I have been holding for years, shown faith through out rights issue at 50.00p, bought around 200,000 shares, was always confident it will turn round, my highest holding is 80.00p which is in sight soon. My exit was 65.00p at an average but am going to reconsider. Holding at present over 1 Million shares, if it hits £1.00 I will be very happy along with many other shareholders.
Look like it s going to blow again...
I think the whole city and shareholders know now that pfd's position has changed this week.
Sales continue to improve, pension sorted, debt reduced, and when all directors start buying shares with their own money knowing full well that a Hovis sale will almost certainly be down in a few months time the only way this sp is going is up.
It's been a long long wait but it might now be worth the wait.
Apologies for being a pedant but it was 9 PMDR made purchases.