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Pin to quick picksPremier Foods Share News (PFD)

Share Price Information for Premier Foods (PFD)

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Share Price: 165.00
Bid: 165.00
Ask: 165.80
Change: -2.00 (-1.20%)
Spread: 0.80 (0.485%)
Open: 158.80
High: 167.40
Low: 158.80
Prev. Close: 167.00
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Sunday share tips: Braemar Shipping Services, Premier Foods

Sun, 10th Jan 2021 20:49

(Sharecast News) - Longer-term investors should hold onto shares of Braemar Shipping Services, the Financial Mail on Sunday's Midas column said.


For starters, China's economy was perking up.

Furthermore, under its new chief executive offer, James Gundy, and Chairman, Ron Series, the company was finding its way again and the pair had boosted morale.

Investors had correctly anticipated as much back in May, when Midas first recommended the shares.

Worth noting, Braemar's ship broking division has branched out from oil tankers into other commodities, including wheat, soya, iron and coal, among others.

It also provided broking services for renewable energy providers when they need to install or repair offshore wind turbines, Midas pointed out.

The company's services helping shipowners and their customers when freight comes into port was also expected to become "increasingly important" as firms adjusted to post-Brexit regulations.

Nonetheless, Midas conceded that having gained 50% over the preceding eight months, cautious shareholders might choose to bank some profits at current levels.



The Sunday Times's Sabah Meddings tipped shares of Premier Foods to continue rising, telling readers to buy them in anticipation of further strong sales growth and due to the potential dividend on the horizon.

Premier's reported a 15% jump in sales for the 26 weeks ending on 26 September to reach £421.5m, with analysts at Peel Hunt a 7% increase during the firm's third quarter.

"The impact of a new lockdown, coupled with a growing expectation that workers will remain at home for at least part of the week for the foreseeable future, will continue to boost sales," she added.

Just in the latest week, the company also appeared to have overcome bruising battles with two of its main shareholders, activist investor Paulson and Oasis Management, which analysts at Jefferies said would liberalise Premier's ownership.

Having nearly tripled over the past year, the price of the company's stock was now well above the 65.0p offered by American giant McCormick in 2016, Meddings pointed out.

"Buy."

More News
9 May 2024 15:51

UK earnings, trading statements calendar - next 7 days

Friday 10 May 
CRH PLCQ1 Results
International Consolidated Airlines Group SAQ1 Results
Rightmove PLCTrading Statement
TBC Bank Group PLCQ1 Results
Monday 13 May 
Burford Capital LtdQ1 Results
Caledonia Mining Corp PLCQ1 Results
Cerillion PLCHalf Year Results
Diploma PLCHalf Year Results
HgCapital Trust PLCQ1 Results
Huddled Group PLCFull Year Results
Team Internet Group PLCQ1 Results
Victrex PLCHalf Year Results
Tuesday 14 May 
Angling Direct PLCFull Year Results
Currys PLCTrading Statement
DCC PLCFull Year Results
Flutter Entertainment PLCQ1 Results
Greggs PLCTrading Statement
Marston's PLCHalf Year Results
On The Beach Group PLCHalf Year Results
Renew Holdings PLCHalf Year Results
Treatt PLCHalf Year Results
Virgin Money UK PLCTrading Statement
Vodafone Group PLCFull Year Results
Wednesday 15 May 
Britvic PLCHalf Year Results
Burberry Group PLCFull Year Results
Compass Group PLCHalf Year Results
Creo Medical Group PLCFull Year Results
Experian PLCFull Year Results
Imperial Brands PLCHalf Year Results
Keller Group PLCFull Year Results
Lords Group Trading PLCFull Year Results
Marshalls PLCTrading Statement
Spirax-Sarco Engineering PLCTrading Statement
Titon Holdings PLCHalf Year Results
TP ICAP Group PLCTrading Statement
Tui AGHalf Year Results
Vertu Motors PLCFull Year Results
Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
BT Group PLCFull Year Results
Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Restore PLCTrading Statement
Sage Group PLCHalf Year Results
Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
Tyman PLCTrading Statement
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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6 Mar 2024 08:56

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(Alliance News) - Stock prices in London opened higher on Wednesday, as investors shook off nerves ahead of the UK Spring budget.

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6 Mar 2024 08:54

Premier Foods jumps on cash flow boost from pension payment suspension

(Alliance News) - Shares in Premier Foods PLC on Wednesday soared after it struck a deal to suspend pension deficit payments sooner than expected.

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6 Mar 2024 07:45

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(Alliance News) - Stocks are called to open higher on Wednesday, with focus in the UK on Wednesday's Spring budget.

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6 Mar 2024 07:42

Premier Foods to suspend pensions deficit payments early

(Sharecast News) - Premier Foods said on Wednesday that it will benefit from £33m increased free cash flow in the financial year to 29 March 2025 after reaching an agreement with the trustee of its pension scheme to suspend pension deficit contribution payments from 1 April 2024.

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24 Jan 2024 09:11

LONDON BROKER RATINGS: UBS cuts BAT to 'neutral'; Barclays cuts Senior

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

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23 Jan 2024 17:46

London close: Stocks slip as focus shifts to US earnings

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