Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
It’s about takeover targets in the UK…….
“Mr Penny said another target could be Premier Foods, owner of brands such as Mr Kipling and Ambrosia. “It has a price-to-earnings ratio – which measures how expensive shares are relative to profits – of 10, which is well below the stock market average,” he said. “There was recently a deal for Valeo Foods, which sells similar products. If Premier Foods is bought, shareholders could be in line for a 30pc to 60pc payoff.”
I have been trying to make that point for about 2 weeks now.
Kallumama is obsessed with Covid and keeps posting Covid stuff on here. He is a zero Covid merchant and nothing less will do. The rest of us are prepared to live with it, in the same way that we got used to living with the flu.
Hopefully you will have more luck that me in trying to turn this back into a PFD board.
“how soon will the vaccinations kick in to stop growth? Good weather will help... as will school holidays from mid July.
But over *next* few weeks, cases will keep growing.“…..and according to your predictions deaths by then will be around 500 per day.
I await with interest to judge the accuracy of your prediction.
According to the research that Kallumama seems to believe the deaths will be around 500 per day in five weeks time. It will be interesting to see how accurate that prediction proves to be !!
I have been studying Kallumama’s lockdown research, and guess what ? He is absolutely correct with his predictions……we are ALL going to die !!
Maybe from Covid or maybe from something else……but until that happens let’s be cheerful and happy and talk about PFD.
Hey Kallumama
I am interested to know whether your encouragement for more lockdowns is because they are apparently good for PFD, or whether it’s because you genuinely believe that more lockdowns are required to eliminate Covid.
Found the info re share consolidation:
4 May 2012
Premier Foods plc ('Premier' or the 'Company')
Amendment to official list, Share Consolidation, Total Voting Rights and Share Capital
Following approval at the AGM yesterday, the Company's share capital was consolidated this morning on the basis of one New Ordinary Share for 10 Existing Ordinary shares.
As a result, the Company's ordinary shares of 1 pence each were cancelled from trading on the London Stock Exchange with effect from 5.00pm yesterday and the newly consolidated ordinary shares of 10 pence each were admitted to trading on the London Stock Exchange with effect from 8.00am today ('Admission').
The Company's issued share capital now comprises 239,805,823 ordinary shares of 10p each with the new ISIN GB00B7N0K053.
The above figure of 239,805,823 shares may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FSA's Disclosure and Transparency Rules.
For further informationd contact:
Andrew McDonald
Interesting observations Dave. My view is that some sort of modest return to shareholders is now appropriate. I am wondering if this has been promised to the new shareholder.
As you say, I really hope that management don’t go down the acquisitions route…..after all that is what caused the problems over the last decade. I agree that an SP of around £1.50 is justified, but I am concerned about the market reaction to the announcement on Wednesday. The last few results announcements have resulted in a subsequent fall in SP and this time the whole thing is complicated by pfd being perceived as a Covid share.