Premier Foods Share Discussion Threads

[isis] 26/3/2016 16:49

Batchelors do loads of stuff not just Noodles. Their packet Soups are way ahead of the rest - just try them.

[pennysharemillionaire2] 26/3/2016 16:46

This Nissin deal may be a gem.

It would probably result in the sell of the Batchelors brand since Nissin specialise in pot noodles. Clear synergie with PF factory in UK.

[isis] 26/3/2016 16:39

Looks encouraging:-

[utsushi] 26/3/2016 10:28

I noticed the private market value potential of this stock and flagged this one up 3 times at 30p last year:

12/8-post 18,955
16/11-post 19,057
24/11-post 19,063
In early 2000, United Biscuits, owners of McVities, Twiglets started to refresh their multiple brands which had become stale, ex-growth, in 2014 United Biscuits was sold to Yildiz, a Turkish company for £2bn, and now I hear the Chinese cannot get enough of their English McVities biscuits!
Brands are unique, hard to achieve, and if correctly managed, can last forever.

So, a friendly "poke in the eye" to all the professional doubters and cynics.

Now we have a second opportunity, a possible unfriendly merger arbitrage opportunity.
Warren Buffett once said-"give a man a fish and you feed him for a day. Teach him how to arbitrage and you will feed him forever."

The way to look at it is to see what Premier Foods Plc's competitors EBITDA average multiple's currently are, or what any recent deals in the sector, average EBITDA have been done at, and go from there.

Improving operational's enhance the PFD's brands intrinsic, plus restructuring potential, the debt although factored in is IMV a negative to an acquirer.

Valuation helps, but there are many other elements to consider, and of course in spite of what McCormick says, any deal could still fall through.

[chinese investor] 24/3/2016 21:46

This is free money.

[jhan66] 24/3/2016 21:38

(From the Baltimore Sun)

[pennysharemillionaire2] 24/3/2016 16:52

So we should be at 63p.

[cashmachine2] 24/3/2016 15:45

So McCormick have stated they are willing to increase their offer after completing due diligence and people are selling at 53p!! Go figure.It's clear after Nissin have purchased the 142m shares at 63p it's going to be higher than that to get their 17.3% and they're hardly going to accept a 1p premium.I think it's a necessity of McCormick and strategy to align it's business and growth potential and will raise its offer into the 70's or 80'sHaving some more now me thinks.

[jhan66] 24/3/2016 15:44

80% reduction in shareholder value over last five years
No dividend for eight years
McC. you can have my few shares with pleasure and thanks for persevering with your efforts.
The Premier Board have not justified much loyalty, trust, confidence, patience...

[760il] 24/3/2016 15:22

Chinese food companies are flush with money and they will pay bigger premium than anyone

[760il] 24/3/2016 15:21

Shuanghui Completes Purchase of Smithfield Foods
Deal for U.S. pork producer done as eight banks led by Bank of China commit US$ 4 billion

Beijing) – Meat processor Shuanghui International Holdings said on September 26 it had completed the acquisition of U.S. pork producer Smithfield Foods.
The deal is worth US$ 7.1 billion, of which US$ 4 billion came from an eight-member consortium led by Bank of China (BOC). It is the most expensive acquisition by a non-state Chinese company overseas and also the largest Chinese investment in the United States.
Chen Siqing, vice president of the BOC, said the loans are a classic example of the bank utilizing its global network and multi-service platform to serve the national strategy of encouraging Chinese companies to "go out," or make investments abroad.
The bank's subsidiaries, BOC International (China) Ltd. and Bank of China (Hong Kong) Ltd., participated in the deal as well.

[760il] 24/3/2016 15:20

Shuanghui of China should come and put a 100p offer on the table

[sportbilly1976] 24/3/2016 15:17

McCormick at least giving the board the opportunity to justify the higher price they feel PFD is currently worth despite:

- providing nothing new in any recent update
- presiding over a fall in shareholder value over a 6 month, 1-year and 2-year timeframe

I would expect a few of the II shareholders to be requesting conversations with the Board to seek reasons for not, at the very least, engaging with McCormick or developing a cogent business plan to not justify accepting a near 100% premium to the prior share price

[anony mous] 24/3/2016 15:10

PFD shareholders - want more more more

[sportbilly1976] 24/3/2016 15:00

PFD board - job preservation mode.

PFD board's fiduciary duty - deliver shareholder value


conflict

[aldgatee1] 24/3/2016 14:58

A few prices.

Industry insider McCormick says co is worth minimum 60p.

Industry insider Nissin has put its hand in its pocket at 63p.

March 2014 Rights price was 50p.

March 2014 TERP (blended pre-rights & rights price)81p (p20 - hxxp://www.premierfoods.co.uk/getattachment/website/investors/shareholder-centre/General-meetings-corporate-transactions/GM-March-2014-Circular.pdf.aspx)

Genuine question; is the co better financed, better run & with better prospects than when it was trading at 81p?

[sago2] 24/3/2016 14:55

Pfd board members want to keep their positions hence not accepting any dialogue. They need to show their books so a better offer can come.

[boycie1] 24/3/2016 14:54

looks like a revised offer coming soon?