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Premier Foods Share Discussion Threads
Showing 21976 to 21998 of 22000 messages
|Grabster has his opinion that's fine. But I totally disagree with him and have bought into Pfd.|
"It makes profits - you need to read the accounts."
I'm looking at the accounts now. In H1 16/17 the post-tax profit was a loss of £55.6m.
whilst the full year to April 2016 recorded a profit of £34m the previous 15 month period recorded a loss of £92.7m
So historically there have been losses and today's announcement warns of further losses in the future.
All in all a total basket case.
|grabster, why don't you short pfd then? let's see what the share price will be by the end of the year!|
|What a load of nonsense. It makes profits - you need to read the accounts.|
|There seems to be a lot of wishful thinking among posters hoping another takeover bid is likely. I stand by what I said before this latest update (10 Jan, post 19767) and previously (mid-October post 19749); this company has no future, it is eventually going to end up going bust in my view. The Nissin project is just another distraction - like all its other wheezes - merely rearranging deckchairs on the Titanic. The supermarkets know that they have Premier over a barrel on pricing - no way are they going to help cushion Premier's cost problems by saying yes to the kind of price increases that Premier is "negotiating".
The recipe modifications that Premier have introduced to reduce costs, have damaged the appeal of some of their products. They are not as good as when Premier acquired them. Remember, they were famous brands, but were sold off by bigger owners who saw that the advertising cost of maintaining customer enthusiasm was becoming too great - they were considered no longer viable enough to hang onto despite their fame.
I predict a share price lower than 10p before the end of this year.|
|Mr. Kipling doesn't make chocolate cakes...with the deal with Cadbury's scuppered...they will soon start.|
|Cadbury/Modelez paid a hefty premium to Burton biscuits to buy back the Cadbury license from them last year, so large that it's materially transformed that business (privately held by a Canadian pension fund). I would expect that, given a chance to NOT renew the Cadbury license with PFD ,then that's exactly what Mondelez would do because it strikes me that taking production back in-house is now Mondelez' long term strategy.|
|Was anyone surprised by the latest poor figures? When last did PFD results surprise by being better than expected (or hoped for? When last was a profit warning an unexpected shock? Does anyone honestly think that some magic transformation in the company's fortunes will take place? Who thinks that the chances of PFD ever resuming the payment of dividends is greater than absolutely zilch?
PFD is a basket case. Bit by bit things are getting worse for it. The best thing that can be hoped for is an orderly running down of the company by piecemeal sell off of its better brands or a takeover at a small premium on whatever low price the share price may have fallen to by that time.|
|What is there holding now?|
|Hongkong based Oasis Management have increased their holding, do they know something on the bidding front?|
|Got in Here in the nick of time @ 40.5p hoping for a rise now.|
|Premier Foods Plc : Jefferies cuts target price to 43p from 50p|
|Could have been worse. Over optomisitic on sales and growth.
Bid still a possibility though.|
|Short-term = bleak.
Theres going to be more pricing pressures during 2017.
Quick in and out trading here rather than an investment at the moment. (In at 40.25p/40.5p for a few ticks thats all today)
(Trading 2 x 50k on 40.5p bid on Level 2 currently)|
|I'm trying to be nice, but when you see this kind of selfish reckless behaviour from management, how can you be?
So yes, further to the below, shareholders have been shafted and absolutely nothing will happen to the top bods here. Institutional fund manglers might have the odd word, but nothing significant.
No change at the top expected, plenty more green for poor decision making and more warnings are likely to now follow.
Sphere25 - 12 Oct 2016 - 08:52:59 - 19750 of 19788 Premier Foods - Charts & News - PFD
The selfish muppet management here blaming the weather for some grocery sales! Hilarious!
Management want shooting for declining the bid. More value destruction to come from the morons in charge here.
|So the Hovis Loaves are no longer "flying off the shelves" ?
Professor Pettigrew (PFD) 12 Dec'12 - 08:53
THE recovery stock of 2013 and £3.50 by next summer.|
|Well I guess nows the time to make a sensible bid - when the shareholders are p###ed off.|
|I thought the targets were too high as food retail has small growth overall, so perhaps it was inevitable.
I doubt Nissin would have to bid much more than 70p really.|
|Seems to be a habit with this company!|
|Over promise & under deliver!...|
|They raised the targets too high in defense of the bid. Nissin could make a full offer for them?|
|Looks ultimately like continued pressure in the grocery trade though, i.e. whether the 'Premier' brands are standing up to supermarkets' refreshing their shelves to tempt sales. This being the more vital factor than the CEO or what price whoever bought in.|