Premier Foods Share News (PFD)

(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."