Member Info for dogger

Probably just a myth.....nothing ever happens with this share. Apart from GD taking his share options

Is welcome to my PFD shares.....I hope they do better for him than they do for me.

Maybe GD should nip around to Whitbreads and ask them how it’s done

This is the Worksop factory that pfd bought from Campbell’s. Great factory.....we bought it when I was PFD IT manager.

The good news is that the Aussies have two lots of Christmas. One when we do and another the weekend before last....I can’t begin to explain why. Having said that, plenty of mince pies and Cadbury’s cakes being eaten.

Yes, they are shipped from the Uk

It’s winter now in OZ.....and they are busily stuffing themselves with Kipling cakes.

Hi BUZZ
I Agree with your observations. The “virtuous circle” is without doubt the key to Premier’s future.
The problem is, how to get to the virtuous circle. You either take the “steady as she goes approach” like the current board, or you take the short term approach like Oasis.
I am a premier Foods pensioner, so you could say that I am part of the problem. I have been a shareholder for 20 years, so I know all about the “ups and downs”.
I would really like the current boards approach to work, but I am 68....and running out of years. For this reason I am quite attracted to the Oasis approach....sell Batchelors for £200m and pay down debts......then get a new CEO who can use the remaining brands to quickly replace the revenue lost from Batchelors.
I also believe that the private equity firm that owns 51% of Hovis, will be looking to get out in 2019. This will give Premier the opportunity to put their 49% into the same deal. I am certain that a 100% sale of Hovis would be much better for premier than trying to sell their 49% on its own.

And he DOES ???????

Nissin bought their shares direct from Warburg Pincus

Despite what they told me yesterday, I can see Oasis bailing out now.....I guess it depends how much they stand to lose. They challenged the board yesterday, to say how much PFD had spent on all the PR defending their position, but needless to say they wouldn’t say.

It seems to me that the best thing that Oasis could do would be to find another buyer for Batchelors, that is the only thing that will force Nissin to make a move

He meant that Oasis weren’t going anywhere. Unfortunately he didn’t say what their next move would be....I suspect that they don’t know themselves yet

We have a truly weak and unimpressive board. There is no way that they will collectively tell GD to go. I expected the chairman to be a strong character....he certainly wasn’t....mumbling and hesitant.
Two of the Oasis guys spoke and they were well supported. Having said that David Beever spoke up supporting GD and he was given a lot of support as well.
One of the other shareholders said that he didn’t think the new chairman could be a useless as David Beever, but I have my doubts....I reckon he can.
There was also an ex board member of PFD, who spoke up to urge GD to resign.
I spoke to the head Oasis guy after the meeting, and he said “we are going nowhere”.....hope he means it !
The Nissin member of the Board was useless. Oasis asked him to abstain....his reply was incoherent.....but is was obviously NO !!

Is hugely unimpressive....mumbling and lacking in confidence. If he is the future we are lost

Now. GD here...shiny suit...looks very relaxed

The obvious reason is that the trading update is at best uninspiring. I am going to the meeting tomorrow. Should be an interesting day....I will report back.

I wonder if Oasis have any more bullets to fire before Wednesday. As I have already said....surely if the trading statement was any good, they would release it before Wednesday.
I am thinking of going to the meeting...never been to an AGM before. As you say, if GD wins, will the market react in a positive or negative way...who knows ?
Also if GD wins by a small margin, will he go anyway.....so many questions...hopefully we get some answers next week

I think if the trading update was that good, we would have heard by now !!

I have just had an email from proactive investors:
http://www.proactiveinvestors.co.uk/companies/news/200497/premier-foods-higher-on-report-top-shareholder-to-back-under-fire-ceo-even-as-main-critic-nearly-doubles-stake-200497.html

So they seem to be saying that the share price has gone up 9% today because Nissin have said that they will vote for GD. That’s the same share price that has been languishing below 40p for months because GD is in charge. Please someone help me with the logic !!!