The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I worked for Premier for many years……remember it was born out of acquisitions from the likes of Nestle and Unilever.
Having said that, I reckon Nissin will sell if the price is right and they can retain their distribution agreements.
The time is right……bring it on !!
I attended the online AGM this morning…..all goods news.
The board were asked if they have a defence strategy against a bid. The chairman said that they have. My suspicion from listening to what was said is that the defence strategy largely relies on Nissin’s 30% shareholding.
It is difficult to see why Nissin would make a bid….but they May certainly stop others.
Given the current media attention around food price inflation, how will it look if Premier announce better than expected profits.
Personally I couldn’t care less what the media say but it will make the announcement interesting.
My understanding is that they had to put out the interim rns if the results were 10% better that expectation. So I guess we are looking at a 10% or better increase in profitability.
Yes, my thoughts were exactly the same……to make an approach more difficult.
However, with Nissin holding nearly 30% a takeover does seem unlikely.
I also noticed the net debt comment. As you say strange they haven’t taken further action there. Maybe saving a bit of good news for the actual results announcement ?
I just think the whole thing is very odd.