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Exactly the same here Katenip.
I have been holding for ages in the hope of a bid…….but is it really very likely ?
If it’s a hostile bid, Nissin are in a good position to block it. Why would Nissin buy it when they already have the trading deals that they want ?
Maybe it’s time to move on….as you say the divi is no reason to stick around.
Hi Leather
I am in OZ at the moment and PFD seem to be doing very well here…..Kipling products are very prominent in Coles and Woolworths.
Interesting to speculate why a Dutch investment bank would want 8% of PFD. The divi isn’t particularly attractive at the moment so presumably they are in it for capital growth…….unless there is more to it than that ?
I agree with these comments about returns for shareholders but what we need to remember is that Nissin own nearly 30% of the shares. Are they demanding higher returns…..I don’t know….but they have a seat on the board and have all sorts of trading relationships with Premier, so maybe that is where they are getting their returns.
Hi Leather
Remember no divi declaration tomorrow…..unless they decide to go for an interim. I suspect not having just spent £34m on an acquisition.
Having said that, I agree with you that a re-rating is long overdue and will happen soon…..which is why I have kept two thirds of my holdings.
Having said all of that…..I have been wrong many times before !!
I agree.
I have sold about one third of my holding in recent days on the assumption that they will fall back after tomorrow…..as they historically have done.
But I am retaining the other two thirds in case of a takeover.
Results are the same date this year 16th November.
Expecting a slow increase in SP over the next couple of weeks followed by a fall back after the results.
That’s what usually happens…..will it be the same this time ?