Premier Foods Share Discussion Threads

[seball] 19/1/2016 09:08

After doing some research I have taken the dip in price to Buy in ... Results Thursday. Share price was a lot higher after last results. Good luck

[mesquida] 15/1/2016 09:27

Thanks for that Marty, also to foot in mouth.

[mesquida] 14/1/2016 21:45

Is this date official, or are you simply basing it on last year's timetable?

[foot in mouth] 14/1/2016 18:11

We shall have our Q3 trading update Thursday next week. Hopefully they will report a good Christmas!

[aldgatee1] 24/12/2015 12:46

The £60m comes from broker notes. Well-informed I believe. And it is substantial given they've already reported H1 (to end-Sept) and debt was unch. at £585m. Hence all of the reduction comes in H2.

[scemer] 24/12/2015 10:23

Aldgate where do you get your £60mill reduction on debt from they reported substantial at last note,that to me is not substantial

[m.t.glass] 24/12/2015 09:13

psm - tell Advfn. Those are their stats when clicking on the Financials tab.

I have no position in this stock - upwards or downwards, and no intention to mislead. I am happy to accept the corrected data postings. I have made big gains from shorting it in the past. I don't regard it as either a safe short or a safe buy these days. But I do think its basic business concept is flawed and is destined to do no more than limp along, like a mini rollercoaster, offering short term wins long and short, until it eventually peters out or is relaunched under a totally different model. I wish all active traders well, with upbets and downbets, it's that kind of stock, but I certainly don't regard it as a sensible buy-and-hold investment - there are dozens of better stocks for that.

[aldgatee1] 24/12/2015 09:10

Don't look at debt in the rearview mirror.

It's 'high' but 1) is much lower than it was and 2) is falling.

Debt is £585m & should fall by around £60m this FY (March 16) to £525m.

At that point, bigger pension payments kick in & debt will fall by £10m to £20m per annum thereafter.

EBITDA is circa £150m and should rise given marketing spend, capex, new products, exports etc.

The co can begin dividend payments, yes, dividend payments, when debt is < 3x EBITDA. That should be March 18.

There are stale bulls in this one, sure, but if plans progress, there will be an 'OMG' moment and the PER could double, shares with it.

[dealer1972] 24/12/2015 08:49

This is a prime candidate for takeover in 2016 if they succeed on the 'significant' debt reduction in H2.

[pennysharemillionaire2] 24/12/2015 08:31

mt glass

your figures are way outdated, but i guess you are deliberately trying to mislead.

Net debt is now £585 and set to fall "significantly" in H2.

[pennysharemillionaire2] 24/12/2015 08:29

This is why it is rising

[m.t.glass] 24/12/2015 07:54

Phenomenal amount of debt. Any company with debt/capitalisation ratio greater than 1/1 is worth avoiding - this one is way WAY above that level, more than 4/1. (Advfn data)

Premier Foods Key Figures
(at previous day's close)
Market Cap. 309.66 m
Shares In Issue 825.75 m
Prev. Close 37.50
PE Ratio -
Dividend Yield - %
EPS - basic -16.90 p
Dividend PS - p
Dividend Cover -
Cash Flow PS 0.41 p
Return On Equity (ROE) -22.88 %
Operating Margin -14.06 %
PEG Factor -
EPS Growth Rate - %
Dividends PS Growth Rate - %
Net Debt 1,328.50 m
Gross Gearing 71.77 %
Quick Assets 230.90 m
Net Working Capital 32.10 m
Intangibles / Fixed Assets 72.78 %
Turnover PS 116.78 p
Pre-Tax Profit PS -16.42 p
Retained Profit PS -14.97 p
Cash PS 5.41 p
Net Cash PS -26.99 p
Net Tangible Asset Value PS * -76.80 p
Net Asset Value PS 65.42 p
Spread 0.25 (0.66%)
* Calculation based on Ordinary Capital figure as contained in last annual report, and the most recent shares in issue figure. Therefore the ratio might be exposed to inaccuracies.

[pennysharemillionaire2] 18/12/2015 16:31

Looking from a technical perspective this could hit 42p rather quickly.

[seball] 14/12/2015 08:35

Looking from a technical perspective this could hit 30p. I am waiting for 30p before buying in. If I don't get my price then so be it. Good luck

[abdullla] 09/12/2015 14:06

In the current climate every company is shorters favorite,just close your eyes and short anything that moves,you cant go wrong,imo !

[abdullla] 09/12/2015 12:28

@30p it would be the lowest ever,imo!

[dealer1972] 09/12/2015 09:46

yep agree further fall likely from a chart perspective, at 30p this would become a very strong buy. Support around 32p mark however. given the stated 'significant' reduction in debt proposed if you were to get 30-32p, imo you'd see a significant return in the new year.
This tends to a shorters favourite :)

[abdullla] 09/12/2015 09:02

Gap or no gap 30p fast approaching,imo !

[dealer1972] 08/12/2015 09:41

idd, there was a gap at 37.5p on the 9th November, this has now been filled.

[abdullla] 08/12/2015 09:01

this looks like going back to 36p which was the price just before the results !

[royaloak] 07/12/2015 11:10

100 Quantities

Wave Orders

If you can put an order through your Broker on SETS, you can do a Wave order, for example to buy or sell 25000 PFD would be around £10 commission. With a wave order you can put an order on for example of 500 on the Bid at 38.5p, if it gets filled you can put other orders on later in the day for different quantities and different prices as long as they are part of the original buy order of 25,000.

At the end of the day you would pay £10 commission whether you were filled for 500 or 25,000.

[isis] 02/12/2015 23:58

abdulla - they aren't real sales but Hedge Funds HFT bots.

They distort the markets.