Member Info for bistolover

definitely the elephant in the room.

the 2020 bonds are going at 88p in the pound. bond market will not be kind to AA's request for new bonds, so will need to raise the money using alternative methods s such as equity issues
https://www.boerse-berlin.com/index.php/Bonds?isin=XS1211308231

Five times Tesco battled with brands - full history

https://www.campaignlive.co.uk/article/five-times-tesco-battled-brands/1412111

this will to be a popular board soon, people will be showing an interest in gold

Remember you were warned by me recently

further questioning the optimism given the company was about to go in administration in march 2020. In fact debt owners not been able to take over the property during covid 19 due to the law protecting them means the company is still in business.

if covid-19 did not exist there is a good change intu would already have been in administration. the share was 5p beginning of march before the lockdown.

if will take many years for high street /shopping centre businesses to find a way to survive, but will not be in current format.

for premier to get automatic entry, currently they need market cap to rise another £100m

http://www.stockchallenge.co.uk/ftse.php

we missed this quarter as the changes take effect from Mon, 22 June, but look forward to the review in september 2020

CRWATrader - why do you think thinks will improve in 6 months time, just look at forward indicators for unemployment levels. buying shares is a gamble, but you will get better odds putting money on a horse.

kammi you need to get facts right. The administrators will run the company who will be paid for by bondholders as there is no money in the kitty. just look at what happened at debenhams, it is the bondholders and other debtors who will take control, the company will have no powers to sell anything, the current assets are secured against the debt.

The situation is the bond holders and debt owners are been given an ultimatum/threat to let the current management run the business for next 18 months, giving up all tests for debt cover, bond-holders do not get any returns in this period and likely to go into administration in 18 months time if things do not go to plan, current management thinking will not be in line with thinking of bondholders.

Why do the bond-holders have to agree to this when they can force administration put in new management in line with there thinking and run the business until they can sell or make other plans. why restrict yourself and stick with current failed management.

let the 24th June be our independance day.

From reckless corrupt management who turned the company into a zombie
From vampire banks and city brokers who were sucking the company dry with high fees and loan shark interest rate
This board has been liberated from die hard darby lovers

If there is no sell-off for £150m plus to a third party, and the best offer is £100m, then premier could just buy the 51% back for £51m

ck81 - i think some of your numbers do not look to be closer to the mark.

debt will be close to £420M ( after another £50m free cash this year), EBITDA could be £150M, but likely be a touch higher given the higher margin grocery did well in 4th quarter.

use the above to crunch you numbers and see what you get

clumsy management. Use up £2B cash to buy back shares at 4,972p, then 6-7 months later a 1 for 2 rights issue to raise £1B at £15 discounted rights.

so the management have converted £2B cash to £1B cash and added a lot more shares to dilute shareholders. Which major share holder trust these management clowns.

interesting to see how many major shareholders dump shares before the end date of 10th June for rights to get completed.

sorry Tommyann

I was not having a dig - just thought I make clear the points raised. The news is definitely positive and a clear path to better financial position if RHM pension scheme can grow at the rate needed.

a lot of mis-information listed in your post tommyann.
1. The pensions are not consolidated, they remain segregated, only charges consolidated so saving £4m per year in costs.
2. The rhm scheme mayb e sold off as long as it can keep growing at the required rate, not a guarantee, hedging can go the wrong way as well, just look at the billion pound chard IAG took when fuel hedging went wrong.
3. The liabilities are still there

when posting just make sure you get you facts correct

My view on "Merged schemes to benefit from certain rights in the event of any future potential transaction of major brands".

This will not be Hovis as this has been long separated.

The key statement to look at "The existing £450m security which the RHM Scheme benefits from remains unchanged"

So if any brands sold within this security then money will go to rhm pension scheme

this was expected after the forced removal of the dismally low quality baggage management.
No more darby
No more darby lovers
This board is looking back to normal

Ex-Weetabix chief Turrell approached about top job at Premier Foods - Sky News

http://www.lse.co.uk/ShareNews.asp?shareprice=PFD&code=kdr7jz9r&headline=ExWeetabix_chief_Turrell_approached_about_top_job_at_Premier_Foods__Sky_News

April 6 (Reuters) - Ex-Weetabix chief executive Giles Turrell is among a number of candidates approached to become CEO of Britain's Premier Foods Plc, Sky News http://bit.ly/2uPCHyI reported on Saturday, without citing any sources.

Turrell, who had overseen Weetabix's 1.4 billion pound ($1.8 billion) sale to America's Post Holdings Inc, has explored a number of private equity-backed deals since stepping down as Weetabix chief, Sky News said.

No-one at Premier Foods could immediately be reached for comment.

Premier Foods, maker of Oxo cubes, Mr Kipling cakes and Bisto gravy, said in November its then CEO Gavin Darby was stepping down after pressure from an activist investor, having failed to halt a share price slide since a proposed takeover fell through two years ago.

The company said in February it would review options to boost shareholder value following talks with top investors.

https://www.bloomberg.com/opinion/articles/2019-03-11/debenhams-new-borrowing-won-t-solve-problems-or-quiet-mike-ashley

this is what i wrote on 7th feb 2019

it was mentioned is the press in december something like mike ashley becoming ceo or chairman of debenhams, or MA suggested that to the then ceo and/or chairman around the time of his £40m loan offer, however bizarre this sounds, if it happened, then it would be an interesting journey for the PIs