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PFD Premier Foods Plc

190.00
-0.40 (-0.21%)
Last Updated: 09:46:21
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Premier Foods Plc PFD London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-0.40 -0.21% 190.00 09:46:21
Open Price Low Price High Price Close Price Previous Close
189.80 189.00 190.20 190.40
more quote information »
Industry Sector
FOOD PRODUCERS

Premier Foods PFD Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
16/05/2024FinalGBP0.0172827/06/202428/06/202426/07/2024
18/05/2023FinalGBP0.014429/06/202330/06/202328/07/2023
18/05/2022FinalGBP0.01230/06/202201/07/202229/07/2022
19/05/2021FinalGBP0.0101/07/202102/07/202130/07/2021

Top Dividend Posts

Top Posts
Posted at 14/11/2024 11:44 by martinmc123
PFD – Premier Foods
3*
Premier Foods posted another rock solid set of Interims this morning. Headline Revenue was up 4.6% to £498.7m, headline trading profit was up 5.5% to £70.2m, adjusted PBT was up 8.9% to £61.0m and adjusted EPS was up 8.1% to 5.3p. So more high single digit growth across the board and the balance sheet strengthened, net debt was down to £221.3m, £51.8m lower than the prior period and Net debt/EBITDA reduced to 1.1x. The Group...from WealthOracle

wealthoracle.co.uk/detailed-result-full/PFD/975
Posted at 10/10/2024 06:13 by bigbigdave
Chunky raise for PFD BARCLAYS RAISES PREMIER FOODS TO 'OVERWEIGHT' (EQUAL WEIGHT) - PRICE TARGET 207 (143) P
Posted at 27/12/2023 11:39 by qs99
Personally I think PFD should give a positive trading update in JAn and have bought in ahead of that DYOR
Posted at 23/11/2023 12:10 by 18bt
PFD is a possible beneficiary of the Autumn Statement as the authorised surplus payments charge on pensions surplus will reduce from 35% to 25% from 6 April 2024. PFD's plans are still to merge the 2 schemes, but there is still a combined surplus of £494m at 30/9/2023 under accounting standards or £100m on a buyout valuation basis.
Posted at 20/7/2023 13:52 by km18
Premier Foods plc issued a Q1 Trading Update including FY 23 guidance this morning. Q1 Group sales were up 21.1% versus FY22, Branded sales were up 17.5%. The Group recorded further grocery market share of 94bps during the quarter. Guidance was also raised, FY23/FY24 trading profit is now expected to be at top end of market expectations, currently £162.0m - £165.4m or around 24% growth yoy. Valuation remains reasonable with forward PE ratio at 10.3x second quartile for the Food & Tobacco sector. The balance sheet is solid with net debt £274m at end FY23, gearing ratios are comfortable. The dividend yield is a little stingy at 1.4%, but the share price has solid positive momentum. Not a bad Consumer Defensive to own in a portfolio particularly with the UK economy floundering. BUY....

...from WealthOracle
Posted at 20/7/2023 06:33 by 18bt
Excellent update. Guiding to top of expectations at the end of Q1 leaves a lot of room for further outperformance. Interesting comment re cost inflation - backing up the CPI figures yesterday. Should be good for margin maintenance.
Glad I topped up a few weeks ago at around 125p. This should get better recognition as a well-run company in a defensive sector, but the woes of the past still sully the name. Prospectve PER should be around 10x with potential for the divi to increase more than forecast.

Net borrowing should come down poss by end FY2024 to 1x EBITDA. Now a lot of room for further investment or acquisitions.
Posted at 18/5/2023 06:23 by 18bt
Revenue, EBIT, EPS all higher and net debt slightly lower than indicated in the 7 Mar update, so exceeding even those upgraded expectations. 10x PER looks v good value for a company which has the confidence to increase it's dividend by 20% (albeit of the low base). Glad I topped up significantly in my SIPP last week. Always a danger of expectations getting too far ahead, but the dividend should keep increasing quite fast, so I'm tageting a 20% upside in the next 12 months and a bit more if they can get the M&A right.
Posted at 20/7/2022 11:22 by km18
Premier Foods (PFD) issued a Q1 trading update for the 13 weeks ended 2nd July this morning. Q1 Group sales were up 6.0% versus prior year, branded sales by 4.2%. International sales were up by 12% and the Group is firmly on track to meet FY23 expectations. Good progress has been made in recovering industry wide input cost inflation through a range of measures, including cost efficiency and pricing action and the Group continues to monitor the situation closely. Valuation is attractive with forward PE ratio under 10x, the balance sheet is solid, although the dividend yield is stingy at just 1.3%. A solid consumer defensive name with scope for modest growth and some upward rerating. Certainly worth monitoring, not a bad addition to a portfolio in the current nervous macro environment. BUY....

...from WealthOracle
Posted at 21/1/2022 10:50 by tomps2
PFD mentioned in latest PIWORLD/Stockopedia StockSlam

Vivek Sharma ‘slams’ Premier Foods (PFD) in the latest PIWORLD/Stockopedia StockSlam at 40m45s

Watch the video here:

Or listen to the podcast here:
Posted at 20/1/2022 11:27 by thirty fifty twenty
hi 18BT,
i agree + also thought it was a great TU.
in a business like PFD they are able to control profits in the short term by the amount of promotions and discounts they give to supermarkets, and also the amount of marketing spending. thus i see a double whammy benefit if they are raising profit forecasts as i think it must mean they have more up their sleeve.
in particular i think it must give a slight nod to good progress on the pension buy out negotiations.... why would you raise expectations now and then in 3 mths say - ah we need lots of CASH flow to fill the pension.

to me it makes much more sense that you would manage expectations,
and i think mgt have done a great job here both operationally and also in managing expectations.

and in addition to any financial expectations, for my own analysis i am adding something extra as they look quite likely to do a bolt on acquisition. they have shown they are good at running businesses so i think the both on acquisition will be earnings enhancing.

thus we are left with a golden scenario...
growing sales, higher margins, improved CASH flow, reduced debt, reduced interest charges, growth through bolt on acquisitions, increased dividends, and a higher rating all happening at the same time. in addition there should be a small bid premium as the business type is ideal for PE now that debt is heading to below 1.5times.

All IMHO, DYOR + BoL
PFD is in my top 5 hldgs

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