Member Info for jedclampit

Surely if they buy all / most of the shares they will still carry on trading and listed as AA otherwise what's the point in buying the name.
In that case , if they put in all that extra cash and don't issue more shares by dilution then surely the sp shoulf shoot up in price, maybe £1.

What normally happens is , you can sit back and they will pay the offer price. you won't have to pay com but you will pay tax if you make more than your corp tax for the year.

So to get this through will it need 75% or just 55%, and when they say they are going to invest , will it be buy issuing more shares and dilution or not?

The Proposal being discussed with the Consortium includes an intention to also invest approximately £380 million into the Company to facilitate debt reduction and specifically to support a refinancing of £541 million of the existing Class B2 Secured Notes maturing in July 2022 and £372 million Class A5 Notes maturing in January 2022.
So i guess we want to know is the AA still going to be listed and carry on as is, because if the new owners invest all this extra money will the stock shoot up with much less debt . So should we just sit this out and wait for the sp to get to the £1 mark?

Is that it after all this waiting, but will the big share holders turn this down?

With pfd now in a better position than they have been for the last 5-8 years, it's about time we saw some of the directors showing the same faith and buying shares with their own money and NOT waiting for more free shares.
I have made this point to investor relations but I don't expect to get any positive replies.

Why is it that pfd looks like it has everything going for it with increased sales, increased profits , reduced debt levels, sell off of Hovis and new products coming and higher tv spend.
And yet low support from the city as this sp can never seem to hold ground for long, we should be over the £ mark now and moving up. So what's going wrong?

Today so far, I thought we might get an offer rns today Friday just before the deadline next week but doesn't look we will unless it comes at 4.30 just before the weekend.Can't wait to sell my shares at 85p

1 for £2m and 1 for £1m, is this why they have been dropping the sp , now that shows some faith at these prices.
I don't mind waiting for the rise now, bring back the £1.05 -£1.20

What about white coffee ? or was that 10.5

Is there a leak of a 60p bid?

and the 4 th Qtr sales are always a great time for food companies and this year should be even better than before, so there is no reason why the sp shouldn't be £1.20+ very soon.

The longevity of this increased demand is likely to be linked to the duration of these new measures, and although the Group faces strong quarter 4 comparatives, it now anticipates Trading profit for the full year will be ahead of current market expectations. Additionally, and following the Group's recent strong progress in both accelerating leverage reduction and receipt of Hovis disposal proceeds, it today announces a new medium target for Net debt/EBITDA of approximately 1.5x.

So he we go more free share to a former director so is that Foo by any chance?

Yes for new comers it should do £3, I bought more at the 12p (£1.80) mark and just sold them for a profit and will come back in again from time to time when the sp drops enough to make a bit more to off-set my long ave .

is 24th Nov this time.

You have to remember it's not just about storing products, we are coming to the end of the year and this is where big companies like pfd make all the profits for the year.
And this is the time all the big supermarket groups are going for their end of year food manufactures case sale targets to hit their overriders discounts which could be thousands of pounds in return.
PFD like all other companies will have case targets for all the supermarket groups and that's why many will now be stocked to the hilt so they can all be sold be end of Dec.

Well the sp has done well over the last few days but it's all just hype and rideing the crest of a wave , vog are still in the same position as they were ie running short of cash and NO new contracts and this wave of hype will just end in tears and the sp will drop back to 2-3p in a matter of days.
Where are all the customers to provide enough cash / profit and pay off debt?

My ave is now over £5 and can never see this over that regardless of what goes on, I think the bod's have killed this for the pi's who many will never get their money back, why buy saga at this price when you can buy much better / bigger and more profitable companies with good divi's next year at a much lower sp . Just wishfull thinking.

So if they don't sell AA they will refinance but they are only looking to raise enough to cover a few yars bonds not all.
Why would they borrow more than they need, most / many of the bonds are fine for another 3-5 years so they shouldn't have any problems in raising money at cheap rates if they need it.
But don't worry we are almost at the next deadline and so far no one has pulled out, so is it 60p or 85p sale price?