Hi ck81, By "big players" I actually meant guys who just moves aroud half-millions/million shares around couple times par day. But do not know. Just this way share will slide to 44s, 43s and after couple weeks will jump to 47-48 after report.
PFD's problem is, big players do not have it (in decent amounts) :D Low volumes, sorry, but low quality traders, too, as well as negative sentiment - so, no one keeps price steady, no stable (inert?) trends, and price automatically sinks when simple folks just try to fix gains/take profit or they get scared from overall market situation. No big rises possible, if daily trading volume is only couple millions max.
I do not get this share business. I assume, sales are from people who put "stop loss" at 5-7.5%? But where is profit from this? Everyone who topped up at sub-30s already took profit at 50% or greedy ones wait for 70-75%, so sales are from chaps who bought @40s? Who did not use daily swings? Why to sell now?
Actually, way around, so much data and market changes lately, home-working, self-isolating office people can not get all data together in a reasonable time. Can not stick old templates on fresh breezes xD
no divis this year, reduction of debt, some capex like stuff and marketing (when sales will start to calm down). If sales keep like this, there will be loads of money at the end of year, but still, they stated debt priority over divs.
Who cares about cakes, looks like half of the ill folks are on the Ambrosia Rice /Semolina/Tapioca. Catering service - on Ambrosia custard. Demand keeps growing and factory works on 100%, warehouses empty. Twitter stars are spooning custard strigt from the cans.
>30% growth in a week, people need to fix/cash in earnings, so obviously - price correction period follows, before impulse continues. People neeed to sell old stuff and buy fresh lot, no need to be greedy (like me) and wait to see, will it be 50%+ before annual report comes out.
Come on, people, huge increase of sales and empty warehouses already was reported couple weeks ago and that includes mainly jarred/canned/potted food as well as flour/bread and cakes, but not at so great extent. Rumor is outdated. Having another X-mas sales on the list, PFD could not hope for more.
Hi Castletogo, If you are in UK, using UK accounts - divi will be auto-converted to £, reinvest will also happen in £. If you are using $ account to get divi, reinvest will happen in £ and convertions will happen automatically.
don't think so, extra income could reduce debt by 5% (2.5? 10? pure speculation) instantly or give 1 - 2 p/share. One would get saving by reducing debt mainenance costs while other would send share sky-high. 1st option feels like they can contiue as they do already.
re: "Markets going to be very red today" Oh, yeah! Absolutely in rage that LLOY decided to scrap MY dividends and just has "pressure on THEIR bonuses". Why, da heck, they need bonuses? PFD is not very resistant to market swings. Remember, people do not trust PFD in long term, yet. Could be top-up day.
1. there had been a little "inside" cheerful update from Operations Director for emplyees. Not sure, does in counts as "insider info". 2. Markets are in panic mode, you can not get predictable outcome if you release info now. So, there could be delay or "good news shower". Push would be in 30s, but will it reach 50.? 45-50p was last year's predictions. 3. Not like I suspect manipulation or something, but January's peak was exactly week before you could sell sharesave stocks. What I suspect, people kept selling shares even in February when it was not profitable anymore. Probably, there came loads and loads of sales which could not give answer on "Why now?"
Re this bit: “ How do you propose they keep going if factory staff get covid? Surely not as simple as getting new workers in...?”
Like before in heavy flu cases: overtimes, reduced staff, run only the most profitable / least labour intensive lines, additional helpy hands from agency. You can not make MrKipplings cherry pies where each cherry have to picked and planted manually, but clearly you can run dough/oven/bread line. Sure, can not keep like that for months, but there is some buffer-capacity.
<20s only if another wave of global recession kicks in. Then I'll top up again. (I am more worried about LLOY delaying/decreasing divis, counted on those)
Premier is fine, markets are down, that is the only current issue. Historical issue: PFD was not good for almost decade (? negative sentiment?), while in 2019 they claimed "turnaround", so in April we are expecting good news about whole year, like further debt reduction, some income/cash. Personaly, I do not see dividends coming in April, at least no significant amounts. Positives: PF is experiencing demands compareable with X-mas week's peak. Warehouses are swept empty of some products and it can take weeks just to supply current demand. "Home cooking" becomes popular and expected to keep in trends at least for a half-year (what a unexpected info). As to PF own brands - products are not going to have discount prices above already agreed with retailers (or overprices in that case) as to retail brands - pricing will depend on addional amounts ordered. PF said that sale of branches or brands are not considered an option (after Ambrosia sale failed) in current market situation, because, everything is already functioning positively, while no one wants to give away decent sum. If the right offer comes, it will be on the board again. Sterling value could not impact sales, because bulk of the stuff is sold in the UK. Not sure what is PF's Interantional dept doing. Tiny amounts of sales in USA and China have been detected.
Currently, if UK is getting +20% infections daily, PF sites eventually will be affected too. Officially, PF is key business, so will keep going. As I said, PF expecting brilliant earnings in Q4 and nice year in whole, but depressed market could not notice that :) BTW, could it be that PF sales are so small that January drop was caused by sharesave maturity and following sales?
Phew, all is my opinion and only. Invested some money in these :)