Member Info for bistolover

revision after a thought if you started with £100 on 2/1/2008, at first rights issue this would be worth £11, with rights this will be £27, your investment will be £116 at this time, at the time of next rights issue value will be worth £14, with rights this will be worth £24, total investment will be £126. at today's value the total £126 investment will be worth around £7

at the time of the first rights issue, the investors would have been down around 85%, the rights issue of 250p (25p old shares), both rights issues about the same in terms of increasing number of shares by 2.8x https://www.theguardian.com/business/2009/mar/05/premierfoods-fooddrinks second rights issue at 50p, the shares being down to 140p already from first rights issue, ( average around 83p) again 2.8x increase in shares. allowing of new shares being created. estimate is the investor down to 1/7th of the original. The darby lovers probably sees this being a good investment and will recover when darby takes them to the promised land. if you started with £100, at first rights issue this would be worth £11, with rights this will be £30, your investment will be £119 at this time, at the time of next rights issue value will be worth £15, with rights this will be worth £42, total investment will be £146. at today's value the £146 investment will be worth around £21

oops - share price on 2nd jan 2008 closed 2,025p Even the great bisto can make mistakes

I believe he mentioned at or around the AGM that he is leaving the company in a much stronger position than when he started. He started in January 2008, share price on 2nd Jan 2018 was 2,015p Definitely stronger for anyone who shorted the stock

are showing the way, they the ones showing the growth, without the revenue these two bought in, grocery sales would be much worse then 8.9% drop in brand sales http://www.foodmanufacture.co.uk/People/Premier-Foods-appoints-new-international-boss jette anderson spearheads international growth http://www.premierfoods.co.uk/google-plus-articles/2017-08-03-New-Nissin-Factory Speaking after the visit Hannah said: “It was great to be invited to the opening ceremony and see Nissin’s products being made in the new facility. Following the phenomenal success of Super Noodles in a pot we’ve got some exciting plans in the pipeline with Nissin and look forward to seeing more of our products created here.”

totally agree, this company won't go down and will continue to pay salaries and pensions, BUT shareholders can take a hampering. Over the 10 years, the company has gone twice from stable debt levels to needing a rights issue to pay for under performance, we are looking at a third time if things do not improve as the debt to earnings is getting close to record again, so a friendly call to the investment bankers may be required so say can earn more sky high fees.

the ones left are waiting for darby to take them to the promised land full of milk and honey through ambrosia and cakes.

for the market makers. there are not a lot of available shares for them to grab, so can see this drift to scare small PIs to sell

when the chairman confessed that mccormick were not prepared to make an offer at any price after what they seen. nissin went quiet after they has the chance to review internal detail. oasis have not really added further since they had the chance to get more details. Darby is dishonest to ensure he does not tell everyone the truth about what the company is hiding. are we surprised this has started to drift down. the company has one last chance to show it can survive which is to show growth over the next few months, if not, then we are looking at a right issue to align the company bad performance to debt levels.

The board is so proud of there performance, indicating they are taking market share from unilever ( batchelors being number one again), Finsbury foods having less growth than premier cake business. The Market makers are showing there appreciation of this today, lets see how far low this goes.

Quorn to invest £150m in UK and create 300 jobs at Teesside plant over next five years http://news.sky.com/story/quorn-to-invest-150m-in-uk-and-create-300-jobs-at-teesside-plant-over-next-five-years-10959385

https://www.ft.com/content/3a8b239e-6d36-11e7-b9c7-15af748b60d0 As part of Generation Z, Little Miss Lombard is bemused by her parent’s nostalgia for Bovril and Bisto — and regards Ambrosia custard and Angel Delight, for all its repackaging in ready-to-eat pots, as sensory abuse. Grown-up Lombard is equally bemused by those who buy shares in Premier Foods, which whips up Angel Delight and other sundries. On Thursday, the group lifted the tea towel on another slide in sales. Premier’s branded grocery revenues — Oxo, Bisto and Sharwood’s curry sauces — which contribute well over two-thirds of Premier’s profits dropped 8 per cent in the first quarter. Premier can’t seem to get the recipe right — whether it is rising costs of sugar and chocolate, pricing pressure, forex, cost inflation or the weather. Tellingly, Gavin Darby, chief executive, didn’t get a bonus this year. The update was made that much more bitter coming a day after McCormick, the US maker of spices and hot sauces, agreed to pay $4.2bn for rival brands from Reckitt Benkiser. That equates to about 20 times earnings before interest, tax, depreciation and amortisation. It is a year since Premier’s board wrinkled its nose at a 65p approach from McCormick — worth about 10 times earnings before nasties — and poisoned the well by partnering up to Nissin of Japan. The noodle-maker now owns a fifth of Premier’s shares. Mr Darby on Thursday said the good news is that Premier’s market share has increased. He does not say at what cost. He also says sales growth will pick up in the next quarter ”assuming normal UK temperature trends”. He shouldn’t bet his job on that in an era of climate change. Premier continues to be bloated with £534m in net debt and a pension deficit of £310m, about equal to the value of equity. The company dreams of cutting debt to below three times ebitda within four years. Brokers at Shore Capital believe that “at some stage another ‘event’ has to take place, probably where the debt holders become shareholders”. ‘Nuff said.

we just need to wait 3-4 months for the half year results and see if darby is still the ceo, he has to deliver. He must have begged the Institutional investors for a final chance. Is this or he has got Putin to get dirt on all the big investors. Russia want Mr Kipling.

I thought Shore capital upgraded their views, according this article they are saying another event where bond holders become shareholders, bad reporting or future reality. https://www.ft.com/content/3a8b239e-6d36-11e7-b9c7-15af748b60d0

darby has performed another Houdini act and convinced every-one there is jam to come, he has done this for 4.5 years and has done it again. I was right about the new nissin factory in hungary will now lead to more selling of products of premier foods and they could not make enough before the new capacity. it was mentioned in the call that noodle pots will now be distributed to morrison and assume to other retailer.

there is nothing for premier shareholders under darby. everyone is benefiting apart from shareholders who have no say. zombie ???

so the prices premier charges retailers is down, but retailer sales up. Supermarkets love premier to increasing their margins. Darby works for premier shareholders and not for tesco shareholders etc

another factory in hungrary was completed on Thursday, July 6, 2017. so nissin must be now ready to churn out lots of new products to give to premier to sell https://www.nissin.com/en_jp/news/6117 The Company has also generated synergy in the region through a partnership with the major UK-based food manufacturer Premier Foods plc (hereafter "PF"), with which the Company entered into a business tie-up in March 2016. For example, the Company has started to handle OEM production of PF brands and to expand the sales for Nissin brand items in the UK market through PF’s distribution network. Nissin Hungry, positioned in the center of Europe, has been supplying products to the European region as a production base since it was established in 2004. With the construction of this new plant, Nissin Hungry will boost its production capacity to handle the expected further growth in demand in Europe while developing a stable supply system for high-quality products based on global standards.

Reckitt’s ensures 2-3 competitors for a bidding race, darby brings in nissin to kill any sale potential.

Reckitt’s food division’s operating profit margins of 28.7 per cent are high, oxo and bisto must have similar margins (just the rest of the brands bring average down), sales price multiple of 7.4 times 2016 sales and 20.4 times ebitda. the recket https://www.ft.com/content/17466f7c-6c07-11e7-b9c7-15af748b60d0 how did we end up with a dummy like darby who was offered a get out jail card last year and blew it.