Member Info for 2reincarnated

Today it traded at £1.55, therefore for starters it has to hit this because the recovery process is just too long. The question is can it go to £1 next year?

what will each new share be ? I would guess between £1 and £1.20 each. However, I feel they will be available at below this price afterwards.

No reason why this does not become the case, given the fact that the SP was 57p last October and only a warm September caused the profit warning. Thus far August has been generally wet and if September is not so hot, than results could be good. Moreover, the Nissin deal may generate more sales than expected, sooner than expected. If it hits 60p, we may see Nissin top upto the threshold.

She is not ''banging the CEO'' because he suffers from impotence, as Mc Cormick said they were willing to pay more for PF, but GD ''couldn't get it up''.

perhaps the SP may actually hold onto some gains.

what is needed is an RNS confirming Nissin have topped up. Indeed, the SP doesn't seem to think much of the RNS.

Any additional cashflow will help, given the direction is all now about cutting cost and increasing cashflow and accepting PF in the short/medium term is not going to trade its way out of it's problems.

https://evergreencaller.com/needle-tilting-mid-session-for-premier-foods-plc-pfd-l/

Does anybody know what the all time low is? Years ago did this one go to below £1 or am I mistaken?

First and foremost, I would like to make clear the fact no BB's ever influence the SP of any stock, we are all "small fish in a big pond". The price of shares are influenced by the large institutions, so even I was shorting this one, my comments would be worthless. Yes there was an increase in numbers, but did that help the debt in any way, even if we see further surges in numbers, we cannot see how this is going to cut the debt significantly. The only way the debt can be cut is with a rights issue and even after the rights issue, the debt will still be high and would require further attention, but that is something that could be addressed long term. The SP will head to £1.50 and at some point a rights issue will be called, those holding shares will be offered shares at a discount to the previous close. I feel we are heading for a slowdown, regardless of Brexit (which won't happen) and with this slowdown the number of new customers will drop. I personally feel if the if you hold shares and say are offered more at £1.20 each, there will come a time when they will be available at less than this "on the open market"

i think I have discovered a company that is similar to PF in that it's main problem is debt burden and like PF carried on trading normally for quite a while before the debt caught up with it. PF was a pound share at one point before rights issues decimated it. Anyway this news basket case is the AA. If I can sell PF at a profit I would throw all my money into this one and this time I would TAKE PROFITS!!!

It is based on common sense, as the burden of debt is just too much and it creates uncertainty which investors simply do not like. Of course I have no evidence of an imminent rights issue nor does anybody else, but it is the logical step that will be taken. The AA would be gambling if it thought it possible to ''trade'' the debt away, this simply is not going to happen. What if there is a slowdown in the economy and this results in fewer new customers? What will that do to cashflow? Rights issues are normally carried out from positions of strength which in relative terms the AA is in, considering the level of debt, the markets have been very generous with the AA. I personally will not buy even at £1.50 because I feel the shares will be available at a price below the rights issue price.

It is dropping because there is eventually going to be a rights issue, can see this dropping to £1.50 this year.

At least H-hi is posting comments about PF which is what this BB is about. I disagree H-hi, don't think the company will be sold off so cheaply, if that was the case, GD and the board would have allowed Mc Cormick to launch a hostile takeover. It is clear Nissin do not want to buy the whole lot, neither do they want to build upto threshold. When GD rejected the bid from MC, he said ''other bidders may emerge'' It is clear there is someone out there who would like to buy PF at some point and would accept the ''permanent footprint'' left by Nissin. Indeed, it may be the case that this ''bidder'' may have linked up themselves with Nissin had they bought the whole company at the time of the MC bid.

this is a BB. I know the SP is going nowhere, but we need to post on here scenarios in which it may move up. One scenario is if the weather in August remains as wet as it is today and thus far, with average September weather, we could see a Q2 improvement in sales. Remember, the SP hit 57p in November and could have carried on had the warm September not impacted on results. It must be appreciated the Nissin deal will now be adding more sales as time progresses. The extra cashflow will help the business and we could get to 65p before Christmas.

Got nothing to say on this. BB?

This can only mean. He is trying to sell the company and the board know about it. Just been looking around to see who would buy PF and there are a few candidates, . What is crucial is they must be interested in keeping the Nissin arrangement going. Just a thought. https://www.hormelfoods.com/ they tried to buy RBS food business, but Mc Cormick outbid them.

Gross misconduct could be anything. These guys have shed loads of pretty girls working around the, I suspect he may have put puts his hands where he shouldn't have and tried to in true AA fashion, "red over them" but by then it was too late.

Deeply discounted, only way to deal with debt.

We cannot even hold our hands up and say " the MM's are driving this lower to top up on the cheap". There simply isn't the volume in large buys to suggest this.