Member Info for bistolover

and seeing better prospects elsewhere. When will darby leave

this should be a defensive stock let see it behave like one in the morning.

start date was 4th feb 2013, but his destruction fully started a year later

wonder what darby will get for his 5 year award ( started on 4th feb 2014). I would suggest a dummy's guide on how to manage a food business.

the marketing director was not that good, so good news she has left, more money saved going forward. what had she done in the time at premier, absolutely nothing, but wasted a lot of money. She would have been shown the door as soon as darby is kicked out, hopefully very soon.

darby knows how markets work and knows all he has to do is to show premier is a zombie company. every year if there is any sign of a revival or offer he makes sure he kills it, plenty of evidence. 1. re-issuing bonds at the same rate which still had 3 years to run. wastes �7m of precious money. 2. he does not want the pension savings of �15m courtesy of hovis scheme to have an effect, so ensures he wastes the money. 3. creating sweet treats when premier were about to produce good profits and all the right downs with it. when his job was as risk, he decides to get rid of sweet treats and claiming he is saving money. 4. makes sure the bid from mccormick fails. 5. gives away hovis with premier giving a vast amount to the venture. now worried hovis will succeed so probably planning to give away the 49% as he has already written off the full value. 6. company's debt in dec 2013 was �513m with debt to editda of 3.28, so not far from the target of 3x. what happened. Good chance his plan is to make sure debt to ebitda is about 5, and very close to it now. how can he still be ceo after 5 years on this alone.. a lot more

Darby has been milking this company for him and his friends for 4 years, 11 months and 21 days. He has done nothing for shareholders for whom he works for and by the look of his last trading statement has no intentions to do so. He has got used to giving just enough to keep his job, and then ensuring he gives nothing to get the share price up. He could have said how much the debt to come down by as last year, just to say it will be lower is con and created doubts, a backdoor way of giving a profit, he can reduce by �1 and then enjoy his massive bonus of free shares.

https://www.theguardian.com/business/2018/jan/24/countrywide-boss-resigns-as-shares-hit-new-low

I am on your side and are hoping for the share price to be higher as my holdings will be worth more. I have learned to not trust the management as they have tried to talk up the share without actually delivering. The reason why share price is low is for a very good reason, the market does not trust what comes out from this company. I personally can see the share price going lower short term and will top up if it does, my average is low 30s, this was achieved using my instinct, which is saying the management are hiding things. Last year they said how much net debt will come down by, this year they are using analysts forecast, why did they not just say debt will be estimated to be �25m less, then the share price will have been going higher, but they did not.

All premier has said is in line with expectations, this does not imply profits will be same or higher than last year, so profits can be lower as they have not published what expectations means. If they are implying net debt is going be �11m less and we already know pension contribution is �15m less, so profits will have to be less, else the numbers do not add up. When they release results in may with a lot lower profits what do you think the headlines going to be in the newspapers, can't see them going to push the share price higher. The only way share price will be higher is if hovis gets sold for a good amount, but this will be gores delivering and not useless darby who has just been a disaster for small shareholders. All Darby did was was to give away hovis for virtually nothing, some-one posted here indicating premier did not even get the full payments. Darby will keep saying anything to keep his job. Now they are saying - "rate of deleveraging is on track to accelerate in future years as the Company pursues its target of reducing Net debt/EBITDA to below 3.0x" So no jam this year as always, but will be in the future as always, he has been coming up with this sort of shit for 5 years and has not delivered once.

can't see much signs of marketing spend this or last quater, so the company is throwing everything at discounts so that darby can have nice graphs showing market gains, no use to a highly debt based company. perhaps the company will be renamed to discounted foods.

well said AAT. Darby and co have been exposed when they let out the expected net debt is going to be only down 11m, same reduction as last year, even when pension costs are lower by 15m, still leaves 8m extra this year, allowing for the wasted 7m to re-issue bonds. The market will now be expecting a profit warning, likely date is beginning of April. The company will stay silent until then, allowing the share price to drift lower so that oasis can buy the shares they need.

depends what you are looking for on this board. Management Chearleaders ( AKA Darby lovers) regardless of what the management do or good fair comments that are helpful to private investors.

losers share price : down 54% 93p to 42p like for like trading profits : down 16% 139m to 117m, looking like will be even lower after this current year. business risks higher gainers Gores group Bond holders banks advisors Darby himself supermarkets advertising agencies

The trading statement was just camouflaged to give an appearance that the company was improving. The underlying facts give a different picture. Last year �11m was paid off the debt mountain and the excuse was premier had not fully recovered the costs, at the half year mark it was said this was now fully recovered. This year the costs such as pension costs reduced by �14m reduced, plus savings to feed into rest of year of the reduced headcount. The company is saying they are comfortable with debt at �512m by year end, this is only 11m less, at half year they indicated the plan was to reduce by �25m per year. Margins are tumbling and company is flushing nissin's sales through their books to show sales are higher. Darby has not changed, he is coming to 5 years with a terrible record and this will continue. Darby needs to go ASAP and the company put up for sales. This is the only way shareholders are going to get any return. If he stays the performance will get worse and worse until another rights issue required.

http://www.cityam.com/278737/premier-foods-bags-up-pre-christmas-sales-boost Food giant Premier Foods is expected to post a rise in sales this week when it updates shareholders on its pre-Christmas trading. Premier Foods sales are tipped to rise by 2.5 per cent in the third quarter to �258m, with branded sales up by 1.6 per cent. Credit Suisse analysts said that the cold weather in December is likely to have favoured the food categories Premier Food specialises in. However, the update covers the 13 weeks to December, so it will not provide insight into Premier Food�s performance over Christmas. The majority of Premier Food�s sales are from its branded goods, but private label sales (16 per cent of the mix) are forecast to rise by six per cent over the quarter. Sales of private label goods are rising in supermarkets, as shoppers seek out value for money on essential items. The update follows on from a strong performance in the second quarter, when the food supplier and manufacturer bagged sales growth of 6.2 per cent. Kantar figures showed supermarkets celebrated six per cent growth on food and drink sales in December, suggesting there will be good news from Premier Foods in the fourth quarter.

I agree with you, it could be rumours to get share price higher or a deflection from the bad news Darby is about to release. see if we get a rns in the morning

niisin will now have a dilemma if they are indeed trying to buy batchelors outright ( perhaps 50%). Do they try and get the lowest price for batchelors as they clearly have the advantage over useless darby's position, or try and pay a higher price therefore ensuring the 20% holding share price is higher so they do not take a bigger loss on the 62p per share they paid. I am not sure of the ebitda batchelor generates, if this is around �20m to �30m, sales are likely to be around �120m, given they have 30% share of the �360m Quick meal market. Debt would be down to �300m by end of this year ( �25m planned to be paid off this year) , remaining ebitda would be around �100 to �110m, so premier can pay dividend, the share price would be be higher as the company is The elephant is the room would be the pension costs as they will then be a bigger percent of overall profits.

article in the times, do not have subscription so cannot get full details.search the following in search engine Premier in talks to sell Batchelors brand to noodle pioneer Nissin Foods

could this be true, can't see getting a good price as nissin will just threaten to stop supplying premier. https://www.thetimes.co.uk/article/premier-in-talks-to-sell-batchelors-brand-to-noodle-pioneer-nissin-foods-hslkbs2cj The soup and noodles brand Batchelors is said to be valued at more than �200m Premier Foods is in talks to sell the soup and noodles brand Batchelors to its biggest shareholder � a move that could trigger a gradual break-up of the debt-laden business. Premier is understood to be exploring a deal with Nissin Foods, the Japanese inventor of instant noodles. Batchelors is said to be valued at more than �200m. Premier�s boss, Gavin Darby, has been under pressure to boost returns since he rejected a �537m takeover bid from the American spices group McCormick in 2016. Instead, he forged a partnership with Nissin, which built a 20% stake in Premier. Darby subsequently had to slash Premier�s sales target. He suffered a further setback last January when Premier issued a profit warning, blamed on sterling�s decline and rising prices