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Something clearly happening...how *^$+ is the stocks market...why such irregular trades over the last few days?
Ive just had my xmas bonus and now topping up :)
Id like to say we have the momentum and with some strong sales over the winter period this could be the turnaround this company has been looking for. More buys than sells for the past few days. Strong buy and continue to buy on the dips.
A lot of analysts and investors are waiting for the Christmas trading update before deciding. With the retail sector looking set for its most disappointing Christmas in years, this is understandable. However, the staple and cheap nature of Premier Food�s (PFD) brands mean sales volume should be resilient. Cash strapped consumers may swap gourmet dessert for a sachet of Angel Delight or opt to cook at home using Bisto and OXO instead of a meal out. �Sin� products do well in tough times, and a Mr. Kipling angel slice a sin not many can resist. Margin�s however may continue to pinch, yet this cost is currently being passed onto the consumer and Premier Foods seems to be making progress in cost reduction. Also, once post-Brexit Britain�s future is clearer the pound may improve. For me, the enormous potential of the international Cadbury�s cakes deal outweighs these concerns. I think this is a long-term growth stock to have in your portfolio, but if you are an investor with less risk appetite then hold your horses until after Christmas.
The 4th biggest UK food producer, Premier Foods (PFD), is a shadow of its former self after a disastrous decade. Yet the heavyweight behind household brands such as Bisto, Angel Delight and Mr. Kipling could have placed the first stepping stones on its long path to recovery. It�s once high and mighty share price surpassing 3000p back in the late noughties looks a distant memory for Premier Foods (PFD) as it sits at a minuscule 40p. The story behind this almighty crash is one of a disastrous merger. All the way back in 2006, Premier Foods borrowed �2bn to fund a takeover of bread maker Hovis. Ultimately, it proved too ambitious as the eye watering interest payments crippled the business. A comedy of errors such as failed product promotions and a fall out with Tesco�s provided the final nails in the coffin. Premier Foods (PFD) frantically sold off its product lines such as Quorn and Crosse & Blackwell to keep up with the interest payments. Leaving only its core power brands such as Ambrosia, Sharwood�s and OXO. In more recent times investors have still been disappointed. The tumbling pound following Brexit along with rising raw materials costs have kept profits on core brands subdued. Alarmingly, Premier Foods (PFD) still bears around half a billion pounds debt on its balance sheet from the dreaded deal which soaked up 50m a year in interest obligation last year. However, despite pinched margins, major brands have still been gaining volume and market share. Furthermore, a revamp of the busy parent�s favourite, Angel Delight, into on-the-go pots has seen a 30% increase in sales. The producer is also committed to cutting costs by �20m over the next seven years having already reduced its pension scheme obligations by �32m. Yet the most important developments this year, are the strengthened partnerships. Firstly, a collaboration with Japanese company Nissin gave rise to Batchelors Super Noodles pots, which are now the fastest growing brand in Premier Food�s (PFD) portfolio. Finally, and in my opinion most excitingly, is the collaboration with the food giant Mondelez. The deal allows Premier Foods (PFD) to produce and market Cadbury branded cakes and desserts until 2025, expanding the previous license to now cover 46 countries. This includes full use of all the prominent brands such as Flake, Crunchie and Oreo which are proving popular in the land down under. These two partnerships delivered 40% of sales growth in the first half of this year. A lot of analysts and investors are waiting for the Christmas trading update before deciding. With the retail sector looking set for its most disappointing Christmas in years, this is understandable. However, the staple and cheap nature of Premier Food�s (PFD) brands mean sales volume should be resilient. Cash strapped consumers may swap gourmet dessert for a sachet of Angel Delight or opt to cook at home using Bisto and OXO instead of a
Christina Wood, Sales & Marketing Director for OptiBiotix Health plc (LON:OPTI) and Max Tomlinson, founder and creator of GoFigure, update Proactive's Andrew Scott on the commercial progress being made with SlimBiome. Slimbiome is their patented combination of natural ingredients which supports scientifically substantiated weight loss claims. OptiBiotix has recently signed a profit sharing agreement with Knighton Foods, which will manufacture and distribute SlimBiome. http://www.proactiveinvestors.co.uk/companies/stocktube/8331/massive-opportunities-for-optibiotix-health-s-new-and-improved-slimbiome-8331.html
5% rise yesterday off the back of more positive news. I can only see this going one way at the moment. Continue to top up on any dips.
She's banging the CEO, she knows her sweet treats...
Always a good when Non exec's and directors put their hands in their own pockets..... David Beever, non-executive Chairman, acquired 200,000 Shares at a price of 39.7875p per Share. Following the acquisition Mr Beever now beneficially holds 504,881 Shares representing 0.06% of the Company's issued share capital. Mrs Philippa Darby, spouse of Gavin Darby, Chief Executive Officer, acquired 377,855 ordinary Shares at a price of 39.50p per share. Following the acquisition Mr and Mrs Darby now beneficially hold 5,591,191 Shares representing 0.67% of the Company's issued share capital.
Absolute rubbish, I'm fully aware of what has happened at Cluff Natural Resources. Agreed do your own research Amara is the largest resource base of any London-listed junior gold company and the largest undeveloped gold asset in West Africa. When Algy Cluff stepped down Yaoure's resources were just 0.2Moz - John McGloin has increased them by 33 times. Amara also has the strongest shareholder register of any gold junior, with some of the largest institutional investors as holders including Van Eck and Franklin Templeton, the list goes on.
Hi We will be making a market in Perseus Warrants. Unfortunately we cannot determine a price until the Amara Shareholders have been issued with their Perseus warrants . The price of the warrant will be determined in part by the price of Perseus Fully Paid shares. I will contact you as soon as the warrants are issued and provide you with a price. Regards Sean contact Sean Baguley at Bell Potter, an Australian broker, (sbaguley@bellpotter.com.au).
In the Scheme Document, the Directors of Amara unanimously recommend that Amara’s shareholders vote in favour of the combination. In addition, irrevocable undertakings and letters of intent have been received from Amara shareholders representing 37.96% of Amara’s issued shares1 . The Amara shareholder meeting to vote on the Scheme is scheduled to be held on 8 April 2016 (UK time). Subject to Amara shareholder and UK court approval, it is expected that the Scheme will become effective on 18 April 2016 (UK time) and that Perseus shares and warrants will be issued to Amara shareholders on 19 April 2016. http://www.perseusmining.com/aurora/assets/user_content/PRU210316%281%29.pdf
I would strongly suggest anyone who has concerns or feels they have been miss informed by their brokers please contact Katharine Sutton, Katharine.Sutton@amaramining.com ( Media Relations with Amara ) She is answering all questions directly. I have been advised by Barclays, my shares will be transferred and held in an International trading account, plus the warrants will also be held. I can however, sell my warrants to a broker in Australia. There is a market to trade the warrants as some investors are very keen on buying more of them, so if you’re interested in doing this please contact Sean Baguley at Bell Potter, an Australian broker, to arrange this (sbaguley@bellpotter.com.au).
Ive sent you a message, are you able to respond, thanks
Any particular reason why more buys today? Trades Vol. Sold Vol. Bought 104 878,061 3,049,206
I thought I would get some feedback on this from Katharine Sutton Head of Investor Relations at Amara Mining. Always responds to questions quickly, email directly ir@amaramining.com Perseus have hedged 127,000oz of gold over the next 2 years, which is approximately one third of their production. If the gold price stays at its current level or goes down, one third of their production will be sold at a higher price than the spot price (an average gold price of $1,280/oz). If the gold price goes above $1,280, then 70% of their production will still achieve the spot gold price. Perseus take a conservative approach to managing their company and the hedgebook is a way of ensuring their costs are covered, however this hedgebook does not affect the deal with Amara. The rationale for the deal is that Perseus has cash (A$100m), a cash generative mine (Edikan) and an experienced operating team but limited growth and Amara has strong growth potential through its Yaoure Gold Project. Through debt and cash from Edikan, Perseus expect to be able to build Yaoure without raising further equity, which will transform the company into a mid-tier producer with 400-500koz/annum production. Hope this helps.
http://www.sharesmagazine.co.uk/articles/bid-battle-for-amara-mining/#.VtfuA_mLRpg Mining boss expects counter bid after approach from Perseus The boss of Amara Mining (AMA:AIM) tells Shares that a rival takeover offer toPerseus Mining’s (PRU:ASX) approach (29 Feb) is plausible. ‘It would surprise me if someone else doesn’t come along,’ he says. ‘(Yaoure) is such a tremendous asset. ‘We’ve had the data room open on Yaoure for a long time, and lots of people have done due diligence.’ ‘The industry has surprised me over the last 12 months, in terms of the reticence of people to do deals,’ he says. ‘Maybe we will be the first to ring the M&A bell for West African mining.’ Amara had originally tried to attract a strategic partner to help bring Yaoure into production. McGloin says market conditions had made it difficult for such a deal to proceed. He says the company could have continued to raise money by issuing new shares, but this wouldn’t have pleased existing investors. ‘I had offers on money on the table but there would have been horrendous dilution.’ Yaoure is a very large gold deposit in Cote d’Ivoire with highly attractive project economics. The sticking point has been the $334 million to $447 million cost to build the mine, far in excess of Amara’s $70 million (£50.4 million) market cap. Perseus Mining looks a decent fit for Amara, as it should have cash flow in a few years’ time to help fund development of Yaoure. The company is upgrading its Edikan gold mine in Ghana which will eat into its existing cash pile over the next few years, yet the project should start to generate a big increase in cash from 2018. The risk to UK shareholders is that Perseus decides to cancel the AIM quote, as its shares already trade in Australia and Canada. McGloin says Perseus is giving ‘serious consideration’ to the UK listing, given that African assets are well understood by UK investors. Amara shareholders would own approximately 35% of the enlarged business or 45% if you factor in warrants that come with the deal. Perseus has offered 0.68 new shares and 0.34 new warrants per Amara share. The latter entitles the holder to subscribe for one share at $0.44 per share for a period of 36 months. Perseus’ shares fell 10.8% to $0.37 on the announcement.
In August 2014, there was some big spikes, and a lot of buyers came in around 23/25...I have been holding for 4 years and averaging down...I'm at 16p now, so happy days...
Can you post the text on this please
Can you post the text please