Premier Foods Share Discussion Threads

[miikke] 14/4/2016 13:11

Shouldn't 65p have been accepted in shareholders interests?

[wantmorethan24p] 14/4/2016 10:31

so premier foods wanted a higher price.so why are these trading in the 40s.

[buywell2] 14/4/2016 09:47

why ?

The Food and the Supermarket sectors are set to be the most competitive of the lot this year

Margins will be 'wafer thin' for most that manage to make any profits

[best1467] 14/4/2016 07:29

Re previous post limited downside

[isis] 14/4/2016 07:20

I would like to know how much Premier and it's advisors had recommended.

[buywell2] 14/4/2016 06:35

buywell2 - 02 Apr 2016 - 08:21:25 - 19422 of 19564
Due Diligence

[mark1000] 14/4/2016 02:13

Was tax at the heart of this - with the recent changes in the US McKormacks could no longer have the option of switching from a USA rate of 35% to the UK 20% we will probably never know if this was part of their calculation.

[boffster] 14/4/2016 00:36

Isis, I suspect McKormicks were sounding out the PFD board to see what sort of offer they'd need to pitch for them to recommend it, and I would guess that this figure was some way north of 70p, hence they gave it up as a bad job. That's entirely speculation on my part,

[isis] 13/4/2016 20:11

I did sell some in the 50's but bought them back.

The update Friday convinced me they would go, but something must have changed their mind.

Very hard call on this.

[nsk1] 13/4/2016 19:59

Return to normal trading now, fall in share price likely IMHO. Wish I'd sold on the spike now

[isis] 13/4/2016 19:41

It may have been coming from such a low base the MKC shareholders thought they weren't getting a bargain.

Not sure how MKC justifies their own P/E of 25 though.

[linney3] 13/4/2016 19:28

DD was not the issue - They increased their initial offer from 60p to 65p - but not good enough for PFD to recommend an offer. My view is that there is still considerable value here and have taken two tranchs - both £60k - one long term and the other to take advantage of todays dump on "bad news"

[isis] 13/4/2016 18:08

buywell - DD is done on all takeovers, so what?

I think there may have been other reasons here, MKC have very high margin products PFD's aren't.

DD did not put off Nissin buying.

[buywell3] 13/4/2016 17:06

buywell3 - 04 Apr 2016 - 08:12:31 - 19438 of 19556
Due Diligence

[milliecusto] 13/4/2016 16:18

Just to cap off your bad day you have 24p on your bb now,best of luck.

[shaf200] 13/4/2016 15:33

I like a nice ride

[isis] 13/4/2016 15:27

Looks like the shorters and HFT's are taking the CD players for a ride.

[mikeja] 13/4/2016 13:09

Excellent summary of position by Bryce Elder on Markets Live in FT

[rickyvader] 13/4/2016 12:10

As a potential buyer I will be looking for 30p buy in or near.Also any tips on where there are offers on peppercorns at the moment.

[boffster] 13/4/2016 12:08

Can we talk pasties instead? Quite fancy some comfort food !

[wantmorethan24p] 13/4/2016 12:01

what will the yanks do.
then again we have yanks on board anyway.

[isis] 13/4/2016 11:00

I daresay the same people buy an iphone for £700-