Member Info for dogger

Like the proverbial today !!

There seems to be a couple of things going on here.
1. Someone close to Daniel Wosner (he is the oasis board member) sold 15 million shares.
2. Oasis changed the broker holding their shares....or their short position.
It states that the Oasis position isn’t changed by the transactions.
As to whether all this is good or bad news, I haven’t a clue. If the person close to Daniel Wosner sold 15 million shares to take his or her profit, then someone has bought them.....so I guess that is good news.

What does all that mean ?

That seems likely. Maybe it’s postponed ?

Second day on the trot

My contact in Oasis is saying “no change in their strategy and approach”. So it sounds like they are keeping the faith and see more upside to come.

Wonder who has bought them ?

Are at it too. What’s going on ?
Just taking some profit whilst staying above 10% ?

Have taken some profit out

On sky news website there is a photo of a supermarket basket full of PFD products. The article is about the Damon’s report which says that too many people face barriers to eating a healthy diet. Why have they filled the basket with just our products ?????

The bad old days.....Market up.....PFD down 2.8%

Agreed.
I should have added:
Great set of annual results
Great Q1 results
Even I am optimistic.......what could possibly go wrong ?

It’s not just COVID though is it ?
Pension news
Debt repayment
Potential Hovis sale
These have all made a significant contribution to the recent SP improvement

I worked for premier when it was hillsdown holdings. We were taken over by Hicks Muse Furst and Tate VCers. While we were owned by HMF&T we were fast moving, dynamic and very entrepreneurial. I was still there when we floated (and made a bob or two on share options). It was during the IPO that I bought, and was given my first shares. The company was still fast moving, although showing signs of becoming more corporate.....internal auditors.....£100m wasted on SAP etc etc.
Robert Schofield was in charge. He bought a load of brands from RHM and Unilever, he bought Quorn and the canning business from Campbell’s. He used a small rights issue to buy the campbells business. After that is when the trouble started....he bought RHM for cash with hefty borrowings. Then came the 2008 financial crisis. Suddenly high levels of debt were considered a bad thing instead of the right thing. At the time of the RHM acquisition the SP was around £3 and premier were paying a very generous dividend. After that, asset disposals, dividend abandoned, borrowings crisis.....
The rest, as they say is history !!

I agree with you Jed. It’s all very well Kallumama saying he/she “doesn’t care about the share price”, but I wonder if he/she has been a shareholder in PFD as long as we have. 12 or more years in my case. Over the years the SP has truly reflected the value of the business.......but not for quite a few of those years.

Remember it’s just a trading update, so probably not much more than just sales.....but you never know !!

Pleased to be of service

Lucky, I did exactly the same thing last week....sold 50% of mine. Nearly bought a boat.....changed my mind and bought them all back again. Luckily on a slight dip so I didn’t lose any money. I hope I don’t regret saying this.....but as many people on here are saying, there doesn’t seem anywhere better to put your money at the moment.

https://www.thetimes.co.uk/article/after-years-of-trying-premier-foods-finally-has-found-recipe-for-success-lbfc0jbmg?shareToken=bad9d5a7fe12ce19c6da5f79f17289c8

Thanks Kall.
I will of course continue to keep an eye on your posts while I am bobbing up and down on a gentle swell......with one hand on my fishing rod, whilst cleaning out the heads (boat language for toilets) with the other. captain ahoy !!