Member Info for bistolover

The chairman must be planning to buy more but need to get the price lower so more small investors panic and sell to him.

dary's master plan is working to rid small pesty shareholders of shares he wants his friends to have. His next target must be 30p, then 20p etc

and I have been one of the few who saw the early signs of poor management and under delivery, even with the darby lovers trying to talk things up. Although this is a dog and will continue to be one under current useless management who have just seen this as a way of lining up their pockets and their friends pockets, at the same time destroying value year after year. We may get a short term bounce due to weather, the management will be happy to take credit. Long term if this stays under same management, then expect a call for a rights issue to reset debt to earning ratio which is now more then before last rights issue. A takeover at even 45p is going to look good exit and the best we may get before the next set of bad results.

they got no assets to strip, just liabilities. The details on new bank loans have not been released why is this, is is that all future income will now go to the banks and bond holders, leaving just a zombie for the shareholders.

could explain the trading pattern and recent news flow. The share price has been driven down, possibly be agents of a potential bidder. The lower the share price goes more chance of a bid being accepted at a low value, the bidder will initially offer a 30% premium say, if share price down to 35p, then a 30% premium will get a bid for 47p. If the share price left where it was about 6 weeks ago, then an initial bid would need to be much higher. Oasis may have already been approached to buy their 8.8%, then nissin would get bachelors for there 20% stake, gores gets hovis for an undisclosed amount. Darby may take cake business private. Everyone then lives happily ever after. The best we can hope for is a final bid for 65p, but likely to be around 50p

interesting to see they have already removed his details from the non-executive directors list. https://www.premierfoods.co.uk/about/leadership The site was down late afternoon, so must been when they did it, so not amicable separation. oasis never got upto 10%, so not going to increase.

surprised he was allowed to buy in a closed period. Also very suspicions his trade was after market manipulation to walk the share price down to 37.4p. The company played it's part to ensure good news not released. Wonder what he will say if fca ask, "honest gov darby never tells me anything".

can only be a super villain for so long until the long arm of the law catches up with their bad deeds.

will they now become activist as they should be and force changes to extract shareholder value. surprised it took this long for them to realise how useless darby is. Interesting to see if they side with nissin to sell batchelors to them. Darby's days are numbered.

52 week low is the next target and looks like is about to be cracked, once breached, then it could be very quick to 30p

Darby must be laughing out load on reading your letter, assuming he has bothered to open it, it is beneath him to have to communicate to small holders. The board are probably all in it together to flush out shares all from small holders CHEAPLY by ensuring no good news flows through, just bad news given out.

but management will be silent and hidden in there hide outs, only come out on the scheduled result days to give more fairy tales to stay in jobs and enjoy all the comforts of a cushy job that delivers nothing.

it must be part of the management master plan to ensure small holders do not get any return and then they get scared off into selling, the problem for the people who keep holding is this Darby master plan could go on for a long time, as Darby is in no hurry, five years already, could be another 5 years. If he can't cover up good news, he then goes on a money wasting spree, to ensure debt does not go down, therefore keeping the patient on life support.

they got into this due to being run by a private equity outfit, who borrowed and borrowed, then showed short term profits using creative accounting just before floating in 2014. Now the profits are down to �240m and dropping, the interest payments alone are �200m, When additional future financing costs are added, there will not be anything left to spend on the business. a true zombie shell has been left which can only be a failure for current shareholders, likely to be bought out of administration in the future by a private equity, the whole cycle then starts again.

the only ones who will make out of this are the financial institutions and the board. The pain will last years. Fees alone will run into hundreds of million, nothing for the small investors. just to standstill will cost �200m per year in interest alone, then there will be fees in a couple years time to start renewing bond issuance, this will increase debt further.

oops - this was supposed to be for the aa board, but similar will apply to this.

the only ones who will make out of this are the financial institutions and the board. The pain will last years. Fees alone will run into hundreds of million, nothing for the small investors. just to standstill will cost �200m per year, then there will be fees in a couple years time to start renewing bond issuance, this will increase debt further.

http://www.telegraph.co.uk/business/2018/02/24/interserve-crisis-grows-debt-talks-stumble/ Bankers say it may be forced to turn to shareholders, though that could be difficult because its shares have sunk in value.

Each year Darby is CEO, this stock will drift lower. Hovis is doing well and may be sold this year, but cannot trust Darby to pay off debt with the returns. A massive danger that he will find a special project to ensure the money is wasted.

he might have his handful at interserve assuming it survives by the time he starts. Leaving a cushy job getting free shares each year for no delivery. Wonder if darby will now promote Carly Layton and claim his full bonus for year as he will then have 2 women in senior management.