Produce Share Discussion Threads

[spooky] 03/10/2016 08:12

I have absolutely no problem with someone having a different opinion on something, the company has 1000 employees and the effects of Brexit are definitely worth discussing. Fivedays objectives, i suspect, are not particularly concerned with debating the company. Don't have any real issue with what he's doing as long as people are aware of what's going on.

[jon123] 03/10/2016 07:20

or maybe he has a different view on the stock to you I don't agree with most of what he said but what he said about brexit is a valid point although I agree with u bbus I'm not sure it'll ever happen

[battlebus2] 02/10/2016 22:48

Usually signals a rise to come.

[spooky] 02/10/2016 22:03

fivedays - New poster, four posts on PIL with a negative bias, could be a paid 'basher'. Wonder why someone would want to pay a basher? Doubt you would be short a stock like this, more likely someone who wants to encourage sellers. I wonder why?

[battlebus2] 02/10/2016 12:18

Oh and I think Brexit will take a long time if ever before there's a shortage of a ready workforce, more scaremongering imv.

[battlebus2] 02/10/2016 12:15

Why don't you tell us why you think the directors resigned as you seem to know a lot about the boardroom, and why you seem hell bent on running this co down. All I can go on is the track record here and the results and improved divi each year which makes me confident for the future. DYOR ETC

[fivedays] 02/10/2016 11:25

A laugh a minute topvest, no bid is coming. What's not knowledge are the reasons behind a chairman and an FD resigning at the same time. I'd pose the question, is this concurrent with a healthy boardroom?? I think not.
Everyone needs to think why the market seems hell bent on keeping the stock on a very low multiple.
Triggering article 50 now disclosed as March 2017 will pummel this stock as already mentioned in the report foreign workers make up 95% of employees who work long hours for minimum wages. Replicate that with British workers and margins and profits will be slashed.
Much safer stocks around.

[topvest] 30/9/2016 19:11

Well I've doubled-up. It's a good company. I do also wonder whether a bid is on the way from the outgoing Chairman (and Finance Director). Maybe they are thinking of an MBO as the Chairman has 22% or so of the company anyway. There is no real reason for their departure and it seems amicable. New Chairman will make £1m if the bid comes in next year.
Even if there is no bid this is a robust company with good cash flow. Cheap!

[boonkoh] 29/9/2016 18:50

Produce is not for the faint of heart. Lots of volatility from (1) weather (2)competition (3)pricing (4)buyer power (5)single crop typeOne year could be 49p EPS I reckon if everything goes their way, the next sub 10p EPS. You either gold very long term or find moments of weakness.

[battlebus2] 29/9/2016 17:18

Investec have a £2 target so it'll be interesting to see if they upgrade that again.

[spooky] 29/9/2016 11:01

PIL are very cheap. Excluding exceptionals (and they exceptional), EPS on a full tax charge comes out at 26.6p fully diluted, so they are trading at 5.6 times earnings, yielding more than 5%. I think management have done all the right things, they are paying down debt and i think it looks very interesting medium term.It reminds me a bit of FIF five years ago and that turned out pretty well.

[battlebus2] 29/9/2016 10:20

Further details relating to the appointment of Neil Davidson as Chairman

Some info on the new board appointments with option exercisable at 220...It is proposed that in connection with Mr Davidson's appointment as Chairman of the Company, and in recognition of the commitment he will be making to the Company to deliver improved shareholder value, he will be offered 454,545 options over ordinary shares in the Company (the "Options"). In addition, Mr Davidson will also receive an annual salary. This remuneration package is conditional upon shareholder approval at the Company's AGM on 28 October 2016.

The Options, which will be exercisable at nominal value, will vest upon the Company's weighted average share price exceeding GBP2.20 over a rolling period of 65 trading days. Subject to limited exceptions, any shares acquired pursuant to the option may not be sold for a period of 2 years after exercise.

[battlebus2] 29/9/2016 10:20

Further details relating to the appointment of Neil Davidson as Chairman

Some info on the new board appointments....It is proposed that in connection with Mr Davidson's appointment as Chairman of the Company, and in recognition of the commitment he will be making to the Company to deliver improved shareholder value, he will be offered 454,545 options over ordinary shares in the Company (the "Options"). In addition, Mr Davidson will also receive an annual salary. This remuneration package is conditional upon shareholder approval at the Company's AGM on 28 October 2016.

The Options, which will be exercisable at nominal value, will vest upon the Company's weighted average share price exceeding GBP2.20 over a rolling period of 65 trading days. Subject to limited exceptions, any shares acquired pursuant to the option may not be sold for a period of 2 years after exercise.

[hutch_pod] 29/9/2016 07:51

Looks robust as flagged.

[value hound] 29/9/2016 07:35

Agreed; spuds and daffs aren't going to attract a big multiple, but track record and agreements with majors count for a lot - as does the >£35m in net tangibles.

[battlebus2] 29/9/2016 07:30

I know this is a simple view but £9 mm profits and M/Cap £40mm with 5% dividend looks cheap to me.

[value hound] 29/9/2016 07:24

Very pleasing - and worth more like £2 IMO.

[battlebus2] 29/9/2016 07:18

Happy with those results..Key Financial Points:



- Operating profit for the year increased to £9.21m (2015: £8.04m) driven primarily by more stable retail market conditions

- Increase in full year dividend to 7.32p (2015: 7.165p) reflecting the Board's confidence in the outlook

- Reduction in net debt to £18.1m at year end (2015: £20.7m)

[battlebus2] 28/9/2016 19:27

Not wasting my breath anymore so let's wait until 7 AM.

[battlebus2] 28/9/2016 19:26

For the life of me I can't see how " robust trading " can be anything but good, surely signalling we are trading at least inline.

[battlebus2] 28/9/2016 19:11

Totally agree spooky I hold FFY have held FIF and TOT and like you say those shares have performed strongly over the last few years. It's catch up time for PIL imv.

[spooky] 28/9/2016 18:54

Not sure that matters, the sector has always been under pressure and those shares have all more or less doubled over the last couple of years. So basically i don't know what point you are making that is directly related to investment in these sorts of companies.

[fivedays] 28/9/2016 18:29

That may well be the case but this sector is under pressure I can assure you of that.

[spooky] 27/9/2016 22:27

fivedays have you taken a look at TOT,FIF or FFY, it is possible.