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You can rely on the bbc to get their facts wrong…..it’s what hey are good at.
I’m just surprised they don’t blame Kipling chocolate slices for global warming…..or maybe they do ?
I never watch or listen to the bbc
The missing point also being that food manufacturers like ourselves have no control or say on what supermarkets sell our products on for either.
It's no secret that none of them pay suppliers anywhere near what they sell their srock for. They'll be paying nowhere near £2.66 for a pack of chocolate slices. £1.50 tops, if we're lucky.
This article is misleading. They have compared Kipling prices of chocolate slices when they were on offer at £1.16 in 2022 with the normal retail price of £2.66 now.
They should compare like for like retail prices and not use offer prices when undertaking this sort of exercise.
There are plenty of Kipling products on offer in the stores
By Daniel Thomas
Business reporter, BBC News
It comes despite separate research from consumer group Which? that found the price of some branded goods on supermarket shelves has more than doubled in the last 12 months.
The consumer champion, which tracked almost 26,000 food products at eight major supermarkets, found:
a six-pack of Mr Kipling chocolate slices at Tesco was the branded product that rose the most in price, going from £1.16 on average in 2022 to £2.66 in July 2023
1kg of Lancashire Farm natural yoghurt at Asda increased from £1 to £1.80 - up 80%
180g of Pilgrims Choice extra mature grated cheddar at Morrisons went from £1.20 to £2.11 - a rise of 76%.
The BBC has contacted the supermarkets for comment.
I'm expecting exceedingly good half year results.......
For CEO and CFO. Thoroughly deserved in my opinion……plus it gives then a nice incentive to grow the SP for the rest of us.
Hi
Roisin that's interesting broker charges for dividend payments into account . Thanks again.
Dividend in account already. With Interactive Investor you can elect to have automatic dividend re-investment. Takes place two working days after dividend payment and at the excellent cost of £0.99 plus stamp duty if appropriate. Rgds S
Roisin all done and still taking 10 days .
Thanks for your reply.
I'm with Halifax David, and all my dealing is done online. They give you the option of reinvesting or taking your returns.
Maybe you could ask your broker could do this for you by default?
I'll be reminding my broker again to put dividend into account. Don't understand why this has to be done.
Hope not. Mr Kipling Mince pies are the only ones I'll touch. Nepotism towards premier foods perhaps.
Oh, and it's dividend day today isn't it? I'll be reinvesting mine.
Yes…..what are you thinking…..Kipling mince pie recipe ??
As long as she doesn't share sensitive information. Etc.
Is one of our non exec directors. She is also a non exec director of Nat West……so she will probably be able to spend a bit more time with PFD shortly.
I think Premier Foods is vulnerable to a Takeover Bid. All the hard work has been done to turnaround the business with profits & sales lift off, it’s been reducing debt & at the point where dividends start to increase. With huge Brands equity, International Markets expansion & old faces on Management Team popping up to make a shares killing. This is a Classic Takeover Target 🎯 Then Ocado shares have surged on an Amazon Takeover Bid & if true, this sets up shares in grocery food companies to go up in the sector. A more closer look at the foods grocery sector will mean other candidates will be looked at for future takeover targets like that of Premier Foods Group. I’m buying more Premier shares when they fall slightly like today as it’s an attractive share price. Premier Foods are worth over 200p Fair Value on a Takeover Bid.
Mr Kipling-owner Premier Foods (PFG) should benefit from a cooling in inflation that will prevent the need for further price hikes, says Interactive Investor.
‘The company behind Mr Kipling cake and Oxo cubes has enjoyed strong sales thanks to the resilience of its product offering,’ said analyst Victoria Scholar.
‘Its well-known, well-loved brands in the consumer staples category have enjoyed strong sales despite price increases and the cost-of-living crisis.’
Scholar said its brand investment and product innovation have supported demand and allowed it to forecast ‘strong full-year performance’.
‘With inflationary pressures starting to cool, pressure on margins is easing, allowing the company to refrain from further price hikes, which should help support demand,’ she said.
It’s conceivable a Bid for Premier Foods may come from The Big International Food Conglomerates. It’s a way to unlock value, access International growth markets, pick up top food brands at lower prices and Nissin may sell its own holdings. So Nissin is no defence strategy in this scenario. Unlocking shareholder value is the prime driver and benefits to Premier Foods business is access to big capital funds for investments, huge distribution networks & management know how.
I attended the online AGM this morning…..all goods news.
The board were asked if they have a defence strategy against a bid. The chairman said that they have. My suspicion from listening to what was said is that the defence strategy largely relies on Nissin’s 30% shareholding.
It is difficult to see why Nissin would make a bid….but they May certainly stop others.
See Big Share Buys Now. Maybe 6-8% 🆙 Who knows? Thin markets trading, share price pushes up more. See more rises on the way!
I'd say that Nissin would be the first in line to put a bid in If that was going to happen.
Premier Foods Expects Another Profits Upgrade. Towards Upper Profits Forecast! That means Premier Shares will surge upwards. Input cost inflation going down, controlled & Sweet Treats Turnaround. International Growth driving sales & profits higher. As I said, more to come as big investments will yield more profits and higher sales. Premier Shares are worth 200 pence fair value into year ahead. They are substantially undervalued & I can see a Takeover Bid for the company coming soon!
Nice to see things rosey in the PFD garden.
Clearly a good tailwind now behind us, with input cost inflation tamed and strong Q1 growth helped by a growing International base. One to hold onto.
It looks like FTSE250 with Premier Foods is quite undervalued. That with falling inflation pressures. IMF & World Bank see medium term Global GDP recovery. Yes, there is too much debt, some pay down medicine needed to reduce it. Yet household incomes set to improve with lower inflation. Premier Food shares set to go higher on any positive remarks tomorrow at the AGM. I’m a Buyer not a seller of shares at these low share price levels!
Yes, I always use dividends to buy additional shares myself.
I did well half my holding just after the update on increased profit announcement at £1.30. I bought back in again a couple of days before we went ex-divi and got an extra 10 shares out of it. Not much on the grand scheme of things, but still a few extra freebies are a bonus.