Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm his minder. Share price is going down because all the Big Boys are exploiting the weakness in the PI market. PFD is capable of handling this new loan - it's far better than announcing a Rights Issue. I'll just remind everyone that one could have sold out at 60p under GD's custody (sorry custardy!) last year. This is not a Footsie 100 Company - it has multi faceted problems which all need addressing simultaneously and ARE being tackled. We'll just have to watch this space and see which way it hangs. I'm retaining my holding through hell and high water because one day we're likely to wake up to that 70p or higher share price. IMO DYOR
Have you viewed the presentation? Worth viewing. Collaboration with Mondelez and Nissin should prove positive. Market conditions have been horrendous and other Food Companies have suffered as well as PFD. Things are settling down again. McCormick's offer was predatory and derisory - it stated that it only wished for a deal which would satisfy its own shareholders. There are individuals on this board who place multi posts every day peddling the same old sh*ite and bile regarding PFD and have absolutely nothing positive to contribute. We've received positive news on pension contributions and the improved Mondelez arrangement recently. I hope that this is only the start of a stream of good news coming out from The Company to send the share price north. A Hovis Sale and putting some money in to the coffers would be a bonus.
GD's fault. He has many hats to wear within PFD. He's trying very hard and sticking in there. Sales growth very challenging in a deflationary retail market created by the Big Four. Jars of source previously being sold over £2.00 have been knocked out at a pound. Anyway it's time to move forward - things look much brighter - still plenty of new products coming through. £5 million turnover on Amaze Bites. 5.5 million cases of product exported last year. Many on this board had a chance to exit PFD last year at 60p but decided not too - we were all guilty of greed at the time. Gavin Derby who some of you constantly berate had manouevered the Company to this point. Suggest we all look towards ourselves for blame.
is not for the faint hearted. It's like being tossed around in a dinghy in a ferocious sea every day until one doesn't know anything anymore. NEW INVESTORS - It'll drive you mad like the rest of us poor souls on here -lol. However 2re if this SP doesn't reach a minimum of at least 85-90p I'll be sorely disappointed. GD must have further plans in the pipeline. Mondelez arrangement last week wasn't expected by anyone - it was a bolt out of the blue. Good luck. DYO.
for not achieving results and share price - see post below. PFD moving forwards again - onwards and upwards. Retro bods should move on. McCormick's offer totally derisory when Rights Issue mean price was 81p. Rights issue was fully taken up. Gavin Derby is still in his job because the Major Shareholders who really count still have some faith and trust in him. The way PFD behaves it could be 63p next week - it's a volatile and unpredictable stock.
Hands up! Anyone who believes that Broker information or recommendations regarding Premier Foods are (and have been) accurate and reliable - lo! Just look at their record - Inconsistently and wildly wrong over many years. They're not in existence for PI's benefit. Am I incorrect but isn't this new bond replacing one of the existing ones - I'm sure this was mentioned by Gav or Al at the briefing.
has finally dropped on Advertising. Appropriation for next year similar to 2016/2017 but focused on Quarter 3 to achieve maximum impact. That means we will not see Cup A Soup advertised during The Summer - lol! TV advertising is very expensive - they should try other Media like Bus Shelter Hoardings. PFD needs more bangs for its bucks from its advertising spend - I think that The Agencies employed have had things very easy.
to be a cogent plan moving forward both commercially and organizationally. The Company is not in total disarray as some on this board would suggest. Shame about the job losses but will help reduce costs overall (May be a bidder lurking who has requested that PFD do this job for them prior to a bid). Chairman has not been replaced. It is my view that all the unsavoury news has been factored into the SP prior to results (good news has not fully been reflected) and that the share price is only going to be travelling one way. But hey ho! What do I know? DYO and Good Luck!
Would recommend viewing it if you haven't done so. My disappointment is that overall Sales are down rather than up. We were aware of the profit deficiency due to inflationary raw cost increases post the Brexit vote. Sluggish sales are down to deflationary price cutting in the Sector forced through by The Majors to combat the Discount Sector (this should alleviate a little now IMO). According to GD PFD has held it's own compared with many other Food Companies. Anyway this is all history I hope. GD stated that the first 6 weeks Sales in the new year have started well. Fantastic new and stable contract base with Mondelez to drive cake sales forward home and abroad. Nissin arrangement now bearing fruit for Batchelors with new Super Noodles in a pot doing well with pasta in a pot products following through soon plus distribution of Nissin branded noodle products. Export Sales should be better by now but they are on an upward trend and gaining traction. Pension liabilities have been moderated and albeit by a small amount debt is down again.
I've been employed in The Packaging Industry for over 30 years. I've just purchased more shares in Macfarlane. Would expect market conditions to gradually improve over the next 2/3 years and margins to firm up. Packaging Companies' performances are often a good bell weather for the economy. Macfarlane is a top brand in the Packaging World although in my opinion shouldn't have lost it's original brand name Abbotts. May be a possible takeover target at some stage - made a real faux pas a few years ago trying to take over British Polythene Industries.