||EPS - Basic
||Market Cap (m)
Premier Foods Share Discussion Threads
Showing 22001 to 22024 of 22025 messages
|My expectation is that the share price, regardless of momentary upward spikes, will sink to 30p this year. The cost of advertising and promotion will continue to be a killer - and none of the supermarkets will do Premier any favours.|
|Wow ... the last 5 mins was busy. Can we expect some exciting news tomorrow?|
|A bit of momentum building in the last two trading days. Apparently a top 10 investor in PFD has called for the biggest shareholder to make an offer for the company, or clear the way for for a rival bid according to the Sunday Times.|
|If Premier lose the Cadbury brand then that will be a materially significant negative event for them. Personally I think that the probability of that happening is very high (greater than 75%). Now would be a bad time to punt on PFD.
|RNS this morning should help Shareholders cause. Hold hoping for a premium takeout at some point here.|
|Something is cooking...
Premier own to many household brands to not be seen as a cracking takeover target at even double today's share price
The previously rejected offer at 70p was rubbished by the board as seriously undervaluing the company.
What I say next is confrontational in the extreme, but i would suggest ignore a quarters or maybe even half year reports as an indicator of concrete direction.
PFD are changing, evolving and adding new brands to satisfy consumer demands.
Tesco was all but written off, but look at them now.
When you own household brands, they will never go out of fashion. Oxo, Bisto, Birds, all of these household names.
My opinion is, is that PFD are aware they are a target, and are making sure that any moves will value the company fairly. Hence the constant mention of "SHAREHOLDER VALUE"
The boss of international investment firm Oasis Management Company has joined the board of Premier Foods, the Hertfordshire-headquartered company behind the Mr Kipling brand of cakes and Ambrosia custard, as a non-executive director.
Daniel Wosner has officially taken up his position on 1 March 2017. He is currently managing director and head of Europe at Oasis, which is Premier Foods' second largest shareholder.
Prior to joining the firm in 2016, Wosner held senior investment banking roles at Barclays and Lehman Brothers.
David Beever, chairman of Premier Foods, said: "We are pleased to welcome Daniel Wosner of Oasis to the board as a non-executive director and look forward to working with him to drive the company's long-term value and enhance value for all shareholders.
"Daniel's perspective and experience will be a valuable addition to the team as we continue our effort to maximise the potential of our category leading brands, strong customer partnerships and supply chain expertise."
Daniel Wosner added: "We appreciate the constructive engagement that we have had with Premier Foods chairman David Beever and the executive leadership team, and I welcome the opportunity to join the board.
"I look forward to working with chief executive officer Gavin Darby, and his colleagues to achieve the full potential and value from the company's outstanding brand portfolio."|
|The release this morning has instilled the faith I had in my own judgement that PFD was undervalued.
The signalling from Oasis that they not just intend to support PFD, but assist in guiding it to a healthier valuation but its all been done amicably and with a fresh eye on the remuneration committee is the exact news I required to further add to my holding.
Not expecting fireworks in the first hour, day, week or even month, but believe there has been an underpinning regards the sp, and now the only way is up.
Premier Foods plc
("Premier Foods" the "Company")
1 March 2017
Premier Foods plc is pleased to announce the appointment of Daniel Wosner as a Non-Executive Director of the Company from 1st March 2017. Daniel is Managing Director and Head of Europe at Oasis Management Company Limited ("Oasis"), an international investment firm and the Company's second largest shareholder. Before joining Oasis in 2016, Daniel held senior investment banking roles at Barclays and Lehman Brothers.
David Beever, Chairman of Premier Foods, said:
"We are pleased to welcome Daniel Wosner of Oasis to the board as a non-executive director and look forward to working with him to drive the Company's long-term value and enhance value for all shareholders. Daniel's perspective and experience will be a valuable addition to the team as we continue our effort to maximise the potential of our category leading brands, strong customer partnerships and supply chain expertise."
Daniel Wosner added:
"We appreciate the constructive engagement that we have had with Premier Foods Chairman David Beever and the Executive Leadership Team, and I welcome the opportunity to join the Board. I look forward to working with Chief Executive Officer Gavin Darby, and his colleagues to achieve the full potential and value from the Company's outstanding brand portfolio."
Seth Fischer, Chief Investment Officer & Founder of Oasis, commented:
"We have followed Premier Foods for several years and are optimistic about the long-term prospects of the Company. As significant investors, we are fully committed to building long-term value for all shareholders."
Accordingly, the Company and Oasis have today entered into a customary relationship agreement, a summary of the terms is available on the Company's website. Some of the key terms are set out below.
· Daniel will be appointed to the Remuneration Committee of the Board
· Oasis will acquire in aggregate 10% of the ordinary share capital of the Company by 30th June 2018
· The relationship agreement with Oasis and Daniel's tenure as a Non-Executive Director will continue until the day following the 2019 AGM, unless extended
· For the term of the relationship agreement, Oasis is to hold a minimum of 7% and a maximum of 15% shareholding in the Company|
|All quiet here|
|Unilever shares surge 14% after Kraft Heinz makes £100m+ takeover approach ... let's be having the same for PFD !!! https://www.google.co.uk/amp/s/amp.ft.com/content/e4afc504-f47e-11e6-8758-6876151821a6?client=safari|
|Gap at 38.25p to fill mind|
|Wouldn't of thought so but you never know ,it's probably nearly as low as it's going to go now. Expecting a reasonable rise soon.|
|Anybody think RI is a possibility here...that might just keep the insiders lifestyle going for a bit longer...|
|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?|