Member Info for jedclampit

From half year report , Combined pensions surplus £588.7m (30 March 2019: £373.1m)

Insurance

Been looking at AA today who have issued their TU and it looks like they are doing well in these conditions so far and let's hope Saga can do the same.
o 19% growth in motor policies to 869,000 (FY19: 731,000) and 2% growth in home policies to 844,000 (FY19: 830,000), benefiting from investment in marketing, incremental sales and renewals through our in-house underwriter as well as systems investments including Insurer Hosted Pricing

Yes looks great, get Corona virus out of the way and we could get back to 80p when the uk get's back to nere normal.

Sales of groceries in the UK in March beat all previous records as shoppers stocked up for a long period at home, according to consumer analysts Kantar.
The busiest spell was 16-19 March, when 88% of households visited a food store, adding up to 42 million extra trips across four days.
In the last four weeks, year-on-year supermarket sales grew by 20.6%.
Kantar's Fraser McKevitt said £10.8bn sales in the past four weeks were "even higher than levels seen at Christmas".

The figures have mainly risen because of people making extra shopping trips, rather than spending more on each visit.

The average household spent an extra £62.92 during the past four weeks, equivalent to adding five days' worth of groceries.

- Convenience food group Greencore said on Monday that was withdrawing its full-year guidance and scrapping its interim dividend amid reduced demand for its food to go products due to the coronavirus outbreak.
So on the reverse of this pfd should have already seen a big increase in home food intake by consumers and this should continue for weeks to come. We could / should see an update from pfd in a few days after the end of the month as to what's been going on.

What ever happens to the economy we will still need food, and I guess pfd are like all the other suppliers working flat out.We must also remember that bread is in great demand and I guess Hovis is also working at double the rate to keep shops in stock, and as pfd stillown about 49% should do ok in the end.
About 85% of the population is now eating at home so retail food packs will stay in very high demand for months, so all food suppliers should do well for the next 1-2 years.

2reincarnated, I have noticed that after you held for many years you sold and since then you have been even more negative than you ever were. Is that because you want to get back in at a lower price and doing you bit to drop it down even more?

Are due this week but many others have already delayed their results for another 2 weks because of the coronvirus, surley Saga should / will do the same , will they ?

should read , While this is going on

I don't think any suppliers will be trying to get any upper hands with the supermarkets by putting up prices will this is going on. Do remember anout 5-8 years ago Tesco and pfd had a disagreement on prices so Tesco deleted all of pfd lines for about a year, so I don't think they will try that and will want to keep on good terms for when everything goes back to normal.

So we have the ftse 100 down some 230 points and the 250 down some 500 points, I guess pfd is holding up well so far.

Oldtimer 1963, goodness me you have been hyping this for a while now on how it's going to rocket and most under valued stock and now your nerves have gone and your out.
Well many of us have been here for years and seen this go up and down and nowhere , at the end of the day just calm down and pfd sp will do what it's going to do. Just another day in the markets.

3Card, I think pfd are worth at least 65p+ and my ave is in the 60's, but what I am saying is with the current state of things and pfd's good position and prospects I wouldn't be surprised to see a cheeky offer of at least 50p+ from someone while we are at this very low level to get things moving.
Once we get the fin / results in May which will include all the extra sales for March we should see this sp much higher and anyone who had thought about trying to take pfd over would have then lost the advantage. But I guess anyone who could be interested in the long game are not worried about the odd 10p-20p difference in the sp.

PFD is now in a much better position with debt & pension than it was a few years back when a 52p bid price was made, it's the same company and now would be a great time for anyone to buy it up very cheap at 52p again. Cannot understand the lack of interest so far, or is there more going on behind closed doors and just waiting for the year end numbers.

So why is this a strong buy, after seeing bloomberg news today they are saying noone has yet cut production and they are just filling up storage everywhere and soon it will; be full.
So within the next few days / weeks they will have no option but to cut production as demand is still falling and so the price will come down below 25$. This must be a sell.

Is that with very few cars on the roads AA will NOT be paying out for many breakdowns, so overheads could / should be lower for the next few weeks.

I don't know what % if any pfd supply to the outside catering business, but now with many / most people will be eating at home then the smaller retail products like most of pfd products wll/ should go up in quantity sales.
Let's hope that pfd can keep up supply and make sonething out of this mess.

of what £120m now and must be £2bn plus of debt, this must be a sitting target for a takeover if anyone can see into the next 6 months.

I don't think so but could be bought out for say 2p-4p and take on the debt, after all this has happened to other companies.

Bloomberg and America are today talking about an oil price of near 20$ a b after demand has / is falling off a cliff with many / most airlines around the world closing down or on their knees.
I looks like many oil shares could be near the end game.