Member Info for Smellyben

It's all still tight, tight, tight, but the application of managerial cool heads, in the wake of the nadirs of Q2 and Q3 might yet see Premier prevail," said Jefferies analyst Martin Deboo.

at least they aren't taking a bonus this year - thanks Oasis !

Err - Bristol wtf are you talking about - mondelez also signed off on this as you can quite clearly see from their quotes It's good news ! - same people who said it would be a disaster if they didn't agree now saying it's a disaster they did ! Darby said at the last call that this was his priority so great news he has convinced one of the biggest food manufacturers in the world to commit one of their biggest brands to premier Strengthening pound, reducing commodity prices , much less pension contributions and this all Good news for profits and cash flow Sales levels, commercial arrangements unknown at this stage - not expecting fireworks next week on this front - steady as she goes in my opinion - hoping international is good as that is clearly where the big opportunity is.

Great news - 48-50 p by end of week?

A charitable reading is that they ARE confident that share price will increase massively if they can restructure the debt and so it is cheaper to give cash that undervalued shares currently. The important thing is that the targets for the bonus include share price growth etc.

True

Any views on the agm motions especially the cash bonuses ?

See it now - thanks God knows what it means though - any thoughts ?? I would think as we are in a close period it can't be a current board member buying or selling Paulson had 2 % left so maybe then getting rid ?

Huh ? I cant see any 13 m buy or sell - what am I missing ?

I have come to the conclusion that the Merrill and oasis buys must be linked i.e. Merrill bought the actual shares while oasis bought a option on those shares and so the Merrill sale was the oasis buyb

What volume ? About 500k shares bought per day and in small tranches - need about 8.5m to get 1% !!! Presumably what volume there is is due to pi s looking at all the consolidation going on and taking a punt. Also we are in the close period so you wouldn't have any action from oasis or nissin as they are board members. What we do know is that one of the reasons for the profit warning last time was the massive rise in commodity prices which have subsequently fallen heavily - circa 30-40% along with a rise in sterling that should ease the input cost issue and hopefully they will lock in for next year. I would hope some progress has been made on commercial terms with supers, the Cadbury licence issue hasn't materialised, pension payments are significantly reduced which will really help debt and at least according to some posters on this board redundancies have started to reduce the cost base ( no idea if true but rings true I guess). Sales of course will be the most important factor in any sp move and in that I have no idea. I would say that mr d surely would have thrown the kitchen sink at the top line for this quarter even at the expense of the bottom line as he knows he will be under intense scrutiny at ten agm.

Exactly my point! Of course internally they will know by the end of this week so their could be some indication after that if results are materially higher or lower than expected.

Results announced tomorrow ???? Good luck with that The reason share price is rising is more likely to be the falls in commodity prices like sugar and the recovery (somewhat) of sterling - hopefully they are locking in these prices !! http://data.cnbc.com/quotes/%40SB.1/tab/2

Clearly one for the brave(or foolish!) this is one of those shares 2 years from now could be worth zero or a five bagger depending on successful asset sales and bond refinancing - nothing you don't know. At the minute a bit too risky for me at 20p but if it goes below 15 I will put 5-10k from my Sipp in and go away for 2 years !and hope

So guys I haven't been following this for a while - why has share price risen about 8% in 2 daya ? Is it speculation in the o2 float ?

Good article in telegraph questor column today

Should cause a bit of churn for them - good news for TT !

I would say 2 things 1. Debt has built up over the last couple of years as they have continued to pay the divi despite last years hacking costs on the basis that underlying profits do cover it - not by a huge amount but around 1.2-1.3 from memory 2 I do agree however it would make sense to reduce the divi to be prudent as the balance sheet is starting to be a bit messy though it is unfair to judge it midway through the year because of the cash flow timings and while I would expect it to improve materially by year end - that said I don't think it needs to be so high Weirdly if they did reduce the divi for the above reason I imagine the share price would recover somewhat - look at the miners etc when their balance sheets looked stretched they cancelled the divi and shares exploded ( there are some other factors too I know !!!!!!!)

Thanks - been in meetings all day so missed the article which does indeed say that. I always thought bonds were cheaper and better and the below website seems to agree but I guess we will find out at some point. https://www.quora.com/What-is-the-advantage-of-bonds-over-a-bank-loan-as-a-means-of-finance

Hi Honest question - how do you know it will increase rather than decrease the cost of its debt - is there some info that I missed which is entirely possible