Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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A bug taje away from the report was the huge growth in branded sales vs non branded, capturing a market like that is difficult and the great thing is once the customer has started buying a brand they tend to continue doing so, with the talks of money being spent on marketing and continuation of making sure the original products are up to scratch this shirt term profit boost may not be so short term.
Im in this long term and can only see it going 1 way, debt at all time low, sales at an all time high what more can one ask for
GLA and DYOR
Shore Capital says surging Premier Foods can double
Premier Foods (PFD), the maker of Mr Kipling cakes, has had a ‘transformational’ year thanks to coronavirus lockdown increasing demand, says Shore Capital.
Analyst Clive Black reiterated his ‘buy’ recommendation on the shares, which surged 14.9% to 68.5p yesterday.
He said the group had been ‘wandering around in zombie status for some years, burdened by overall indebtedness’ but underneath this ‘balance sheet millstone’ there has been ‘quite a good company seeking to show its true value for some time’.
Black said the group’s current position can ‘drive the re-rating much further still’.
‘We believe that Premier’s shares, which we placed on the “buy” roster on 1 April, have the scope to double again,’ he said.
A full column on PFD in their latest release .... "The business is looking in much better shape and pension pressures have eased".
Good show :)
Yesterday was the first time in over four years that I enjoyed being a PFD holder. Somehow, I resisted the urge to revert back to day trading. I suppose the next few days will give a truer indication of how the SP will go for the short term? GLA
Are PFD still due to release a formal Q1 trading update in the next few weeks. They normally come out in mid July. If so this could give another lift to the share price as it should be a great Q1 from lockdown.
From today’s reaction it would seem that sentiment towards PFD has certainly changed, and for good reason. Can see this steadily climbing from now on, with the usual bumps en route. GLA.
I bought back in , just had to. As this is trading at 70p which is only around 7x earnings this has some massive catching up to do if it's going to be more in keeping with the food and consumer space. Doubling from here would be literally the starters on a PE ratio basis! Well done those who just held!!!
Exactly! This is just the entrée ( pre starter )!
80s tomorrow etc .
and with the amount of Pfd products we have all purchased to help it along the way there is now way
I’m leaving this party early .
And I agree there is nothing else out there at the moment.
Hang in there everyone!
Im staying, no where better to be anyway. The way its going 90p to £1 will not be too far away, and to me this is amazing, but fair. Broke 65p , nearly 70p today , and today it could end at 70p. What a difference a month makes :-)
Now showing as 69.10 on london stock ex
I'm out now I original bought the when the take over almost happened hoping there may be a bidding war, that was 4 years ago, never thought I would get out at a profit.
"Shares in PFD makers of Kippling cakes are expected to soar" Classic FM 1pm news
Any higher and we’ll need oxygen!
Well that’ll teach me for trying to be clever. Sold out this morning thinking it’ll drop back only to have to buy back in as it just keeps going!
Just a small amount though in case it does pull back a bit.
We must expect the sp to drop a few pence on profit taking, why not but those that do sell will hope to get back in before the sp goes past what they sold at. So is it down to 66p ish before it goes to 70p+ ? Some will have to be fast
https://twitter.com/barondaytrading/status/1275683612051062786
Above 70 would be just right
Its dropped back a bit , but just seen 69.5. I thought this would take a while, but heck no. 80p , 90p a reality.
Why oh why oh why didn't I just hold !!! The price just keeps going up, this is a proper transformation story. I may have to pay up to get back in
I see Peel Hunt have increased their short term price target to 90p today. Market loves the results, look at the volume - it's monster. Did anyone listen to the webcast, I saw Baron reference it on twitter
Well unlike other shares that are having to refinance to get through the covid situation, like ( Sig, cost , Mars etc ) all of which I hold shares with ,
PFD for once finds itself in a much more strong financial position ! Thanks a lot to a captive audience of shoppers but also to some astute pension funding investments .
Good news all around. I use to be a refrigeration engineer mainly working on spiral coolers back in the 90s at their Leicester factories ( the pizza base place is still there I believe ) I use to like to walk through the factory just to see the machines going around : ) ( I am easily pleased )
But all good in the sunshine as you say .
Premier Foods, up 6.5%. The food producer said it turned to an annual profit and expects to beat forecasts for the financial year ahead. The St Albans, England-based food maker reported revenue for the financial year ended March 28 up 2.8% to GBP847.1 million, swinging to a pretax profit of GBP53.6 million from a GBP42.7 million loss, as administrative costs fell 51% to GBP76.6 million. The UK Grocery business grew revenue each quarter and by 4.5% in the full-year. The firm's grocery categories and brands saw a "sharp increase" in volumes in the last three weeks of the financial year, as large numbers of consumers in the UK sought to build household stocks of some products during the Covid-19 pandemic. Going forward, the company said it expects to make further progress this year, after delivering eleven successive quarters of UK revenue growth. Additionally, a new international strategy is being implemented with the objective of delivering sustainable profitable growth.
So the ftse was down about 140+ points but has now turned and started to go back up or pull back the losses, so will pfd now start moving up more with the market.?
FTSE 100 not even considered that as its been so long thought PFD was still miles off even more excited about PFD prospects
Dogger agreed its amazing what you get used use to being a PFD holder I half expected price to drop rapidly even with great report. So pleased PFD did not play out its usual story .
Thanks for this, good to know on this sunny day