Member Info for jedclampit

It’s that time of year again when PFD should be working 24 hs a day and sending out more mince pies and Mr Kiplin cakes than last year and everything coming up roses.
If I am not mistaken didn’t pfd announce some 3m mince pie sales last year, so it would be great to get some inside sales info from any employees at the factories about who we are now making mince pies for and how they are doing.
Also when pfd received the last takeover offer didn’t it fail because of a shortfall in the pension pot,
In the latest int results the pension pot has improved somewhat to Combined pensions surplus £588.7m (30 March 2019: £373.1m).
Half year Group revenue up +2.4%; Q2 Group revenue up +3.6%
H1 Branded revenue up +4.3%; Q2 Branded revenue up +5.6%
Trading profit ahead in addition to increased marketing investment
Adjusted profit before tax up +5.0% to £31.7m
Statutory profit before tax £15.0m; profit after tax £12.3m, both reversing prior year losses
Net debt £38.8m lower than a year ago on pre-IFRS 16 leases basis at £470.7m
On track to meet 3.0x Net debt/EBITDA3,11 by year end
I would say that it now looks like they are starting to turn pfd around and that puts the company in a much better position than it was when they had the last takeover offer and 65p - £1 shouldn’t be out of the question. Bring it on.

Wow, looks like debt has increased from £760m to £1,041m but sp only gone down by a few pence.

Is this just the start , how many more are going to walk before it goes bust????

Today of 7.32, just how low can this go ?

I am talking about the original listed company that was set up to buld the tunnel, which I think was called something like channel tunnel uk ltd or something like that.
That went bust and had to be taken over from admin etc. Anyway I think vog have almost spent as much now with very little to show for the money , and the way they are going will still have to be saved by someone at some stage as they run out of more money.

VOG reminds me of the first few years of the channel tunnel when they spent all the money, millions and millions and millions just to go bust in the end and then it was taken over for peanuts.
VOG is just the same after what 8 -10 years of spending £200ml - £300ml of investors’ money they now end up with approx. £250 ml of assets that no one really needs or wants and a M/C of about £20m.Foo has done very well at the expense of all the shareholders who are left with diddly squat.
It’s just a question of time before someone else moves in with another small investment of what say £15m or 5p and takes over everything.
Hey but that’s the way business work, for the few and NOT the many.

Wow, jefferies has just put out a Buy from a hold , and this looks like the first buy rate for / since 2016.
Does that mean even the brokers might be changing their minds about PFD. Now we need to see other brokers coming in on this.

I think that if someone was prepared to pay 65p 3 years ago for the state of the company then, they should now take another look.
It now looks as if PFD has turned the corner with increased sales for about the 5 qtr, increased profits before and after tax, pension fund in surplus and debt reduced by almost £40m so far this year.
Any take over price target must now be worth £1+ bring it on. !!!!!!

Has someone started to turn this company around ?
Half year Group revenue up +2.4%; Q2 Group revenue up +3.6%
•H1 Branded revenue up +4.3%; Q2 Branded revenue up +5.6%
•Trading profit ahead in addition to increased marketing investment
•Adjusted profit before tax up +5.0% to £31.7m
•Statutory profit before tax £15.0m; profit after tax £12.3m, both reversing prior year losses
•Net debt £38.8m lower than a year ago on pre-IFRS 16 leases basis at £470.7m
•On track to meet 3.0x Net debt/EBITDA3,11 by year end
•Combined pensions surplus £588.7m (30 March 2019: £373.1m)

"In presenting my first set of results as CEO of Premier Foods I'm encouraged by our strong start to the year with total revenue up +2.4% and branded revenue ahead +4.3%. Our biggest brand, Mr Kipling, has continued its momentum from last year, with sales growth of +8% while sales of our Nissin branded ranges have more than doubled. We have launched a number of new product ranges including our new plant-based brand Plantastic and our International business returned to growth in Q2. Due to our strong cash generation, our Net debt11 has reduced by £38.8m compared to the same point last year."

"I am also announcing a new Executive Leadership team structure which provides us with sharper consumer, customer and operational focus. Our operational strategy is unchanged, but we now have increased energy and impetus. We are targeting some largely operational cost savings over the next two years and we are on track to meet our Net debt/EBITDA target of 3.0x by the end of this financial year. With a better H1 than planned, we are confident in our expectations for progress in the full year. As we look a little further ahead, and in light of our disciplined and consistent track record of Net debt reduction, we start to see options for our future deployment of cash."

Revenue up 2% to £491m, reflecting solid performance of Roadside and Insurance divisions·
Operating profit up 3% to £120m, Trading EBITDA up 2.5% to £165m and PBT up 50% to £42m· Free cash flow to equity (pre-dividends and bond buy-back) up 214% to £44m (H1 19: £14m)
Capex of £37m (H1 19: £36m) in line with expectations. FY20 and FY21 capex guidance maintained
S&P reaffirmation of ratings of Class A notes and Class B2 note
Interim dividend of 0.6p, in line with prior year
We remain on-track to deliver Trading EBITDA growth this financial year in line with current market expectations.
So they should still be looking at approx. £900m -£1b rev

Just goes to show you can make a pigs ear of something while making a pile of cash and free shares and have to stand down from your position , then you get all the praise for something completly different. Just wonder what he really did do to get this mention.

Many have been following these for a long time and now they have announced this next move of admin for the uk side of the business I have 2 questions.
Does this mean they will or will not be taking any on-line business in the uk?, and after this admin move whats the point of staying listed on the uk market, will they de-list the uk and re-list in Europe some where.?

Let's be honest this is never going to get back to £1 - £2 I think those days are gone no matter what the bod's do, but I think it's well under valued now and would be happy to see 20p-30p without to much trouble.
So I have invested and take an interest in what's going on now to push the sp back up.

another rns about holdings but they are NOT selling down or out so must have some faith in the business which should come good / better at some time . I hope.

Goodness Gent, I can't for the life of me see why you make any comments or why you are here and have concerns if you are not invested in cwd.
If I can make £5-£10k out of cwd over the next 6 months why should I care about what happens to them in the long run. It's just a game !!!!.
I will worry about my money and you worry about NOT having any invested in cwd.

It looks like as they said , this was in very small amounts over 10 years so that wouldn't have i thought had any impact on profits at all, and what about the £5m they transferred back in 1 hit now that would have had an adverse impact I would have thought.
Anyway it now looks like it's been put to bed and now time to move on.The market doesn't look as if it cares one way or another at the moment regarding the sp.

Calm down guys, you both seem to be sitting on the edge of your chairs just waiting for any bad news and as such you give the impression that you are both new to this game.
This is just buying and selling shares, it's always a gamble / punt for many out there and if things go belly up we lose some money but if / when they turn this around we could all make some money.
The property / estate agents sector has alway been a gamble and a cycle for the last 20 odd years you must know that being experts. some years ago everyone was getting out of estate agents and many branches were being sold for peanuts, then everyone wanted them again and there was big buying of them. It's just another stage and all will be sorted in time, chill out a bit and it will all come good.

Well that didn't take long, just another storm in a teacup for cwd.
Who says the turnround plan has / is not working, much too soon to say but you are so quick to rubbish them and find all the negatives you can for someone who says they have now bought into cwd.

Was it Bomono that didn't get the go ahead and went back to BLVN or was it one of those assets that just disappeared into thin air like many other costly assets vog invested in, and was never seen again.
Or was that Matanda.? who knows they seen to have lost so many other assets. you know how it goes, does it stand up against rule 356, No body knows.

Between 2008 and 2018, the Firm transferred a sum of £10,093,866 of client funds, representing unclaimed and unidentified client balances that had not been claimed for six years or more, from the Firm's client account into the Firm's office account, when it was not permitted to do so. In doing so, the Firm failed to preserve the security of client funds
So they couldn,t identify any clients and they wern't claimed for 6 years so who could they give the money back to .
It doesn't say they stole the money, who knows what will happen.