Member Info for 2reincarnated

They are of not agreeing further finance, but like I said after the 2012 finance agreement and before the rights issue, further refinancing was suggested. We must appreciate GD must have in place some plan, or he would have been given the chop by now. If a takeover is not happening, what else could be in the pipeline?

Not only can we save on interest, we cannot rule out a new finance agreement. We must appreciate the refinancing agreement of 2012, was in an environment whereby the company could go into liquidation. Is a company which is 20% owned by Nissin and upto 15% owned by Oasis going to go into liquidation? On that basis PF could possible agree further finance.

Think they know they cannot boost the SP short term by increasing profits because of costs. The only way is to let PF go more ''downmarket'' and increase production, but at reduced margin. More working for even the likes of Aldi/Lidl.

believe it or not, the markets may have thought it would be worse. We may get an increase now based on the solid start to the year. We must appreciate, Oasis are now on board and maybe it is them, not GD that is urging a ''cashflow approach''.

The problem is PF have Nissin Technology so they will use their ''blocking stake'' to prevent a takeover, if there is an interested party out there. Like I said before. what are they gaining?

That is the conclusion we must draw if we do not get any info on how the SP is going to recover to more than 65p quickly. We must appreciate Nissin are also loosers in this situation, as they have bought at over 60p and are seeing no return over a year later. We must all put to bed the belief that if Nissin sell their stake, Mc Cormick will come back.

The bottom line is, if PF hits 50p on ''things have not got worse'' and Debenhams slides further. You could sell PF, because looking at the weather out there today and if we have a hot summer, a profit warning is on the cards again or flat results. You would then be left with more Debenhams shares, than you currently holf PF shares, with Debenhams more likely to recover to above 50p before christmas. This is a ''get out of jail card''

I'm ''caught between a rock and a hard place'' if PF even hit 50p this summer, is it because it will hit 60p later? or if it hits 50p this summer, will the weather cause another profit warning, will Nissin sell up because noodles are a non starter? I looked at Debenhams at 50p and ask myself, shall I sell PF at 50p and wait for Debenhams to lit low forties and we are in a better position with it than PF going into the christmas period.

40's or 30's?

http://news.sky.com/story/aldi-could-open-eight-stores-in-some-uk-towns-under-growth-plans-10873954

On the subject of resignation, GD will only resign if he accepts he should have tried to work with Mc Cormick on getting selling the company, rather than allowing Nissin to buy a ''blocking stake''. To that effect he must have ''fell for it'', but what are Nissin gaining on buying a stake for millions, yet over a year on, they stand to be the next ''frozen Custards/Sticky Sauces or Paul Hollywoods. Would it not be easier for them to sell their stake? Which is why I feel there still is a plan which PF are aware of. I still have faith in GD, but we cannot have another below the bid price.

But it would not be the first time we have seen a sale and not known who has bought. Hope it ios Nissin or ''wishfull thinking'' would suggest Bright Foods etc.

I really hope you are right and hate to say it, but last March the opinion in the ''city'' was with 65p ''rejected'' a deal may go through at 75p, so I held on and you know the rest. I still feel 75p is the price PF could fetch. GD cannot stay on if he has no plan, as I said sales may improve, but we are only a ''hot summer'' away from a profit warning. If Nissin told him last year they may eventually make a bid for the whole lot, what are they waiting for, the pound to recover? If he ''fell'' for their promises, he will have to go. I have confidence in GD and feel he has a plan, if he has a plan, even executing it in August will do, as long as it moves the SP. If he has no plan, then I'm afraid he has to go. If he resigns next week, it may be the likes of Oasis buying that prevents a +10% drop.

If the results are any worse than expected and there is no ''structural announcement'' to boost the SP, he will resign the next day. If he has news that could lift the SP to at least 65p pretty soon, he will not resign. What is certain, sales alone cannot lift the SP. I personally think he has a plan or he would have resigned by now.

If the results are any worse than expected and there is no ''structural announcement'' to boost the SP, he will resign the next day. If he has news that could lift the SP to at least 65p pretty soon, he will not resign. What is certain, sales alone cannot lift the SP. I personally think he has a plan or he would have resigned by now.

Still think GD is upto something. looks like Nissin do not want the whole company and if there was another candidate out there, is has surely got to be Bright Foods. They looked at Burtons Biscuits, but were put off by the Pension Deficit, the difference with PF is, we may soon get a concrete timetable, as to when the Pension Deficit may be moderated. The whole idea of bidding now would be you pay a fraction of what you pay when the pension is sorted out.

The scenarios are: 1. GD rejected the bid thinking if sales improved, then the SP would have hit 65p probably before the profit warning (it hit 57p) and he may have said the 65p was not genuine and those who were ok with accepting it, if it was, can now sell at 65p and run. 2. Nissin promised to up their stake to the threshold, this would have caused the SP to probably increase above 65p. However, Nissin may have decided to not take up this option until they saw progress with the Noodles etc. On this basis he may have touted Oasis to come on board to ''pick up the slack'' 3. There is an Asia focused outright buyer waiting out there who would work with Nissin, but needs GD to do things to the company first, but this may not be going according to plan. 4. He may be looking to sell another chunk of the company under a similar arrangement he made with Nissin, either them or Nissin would bid for the whole company when the debt was reduced/sales grew. 5. He's just a plonker!!!

hope you are right, can't see what the adjustment is though. If anything we may get an increase on the back of things can't get any worse.

correct!! But the SP thinks nothing of it.

perhaps ''nothings going on''? We must appreciate the SP rose to 57p in November. What was going on then? Indeed, if it was not for the profit warning, we could have been at 60p by the end of November and today we could have been at least 70p.