Premier Foods Share Discussion Threads

[pennysharemillionaire2] 02/4/2016 09:28

Cant see Unilever,P&G and other big food companies letti,g these iconic brands go for the current McC valuation, which is pretty much daylight robbery.

how do you value the potential of these brands on an international stage ?

[hippo] 02/4/2016 08:12

^I agree, at least that was the plan. But the cat is out the bag.....

[creddy] 01/4/2016 21:51

That's over 25% within 2 weeks. Good luck with that family values. Personally, I think première and Nissin are playing cosy corporate bedfellows.

[family values] 01/4/2016 17:12

From McCormick's press release

"McCormick calls on the Board of Premier Foods to now engage fully with McCormick to agree to a recommended offer, which will offer all shareholders the opportunity of a cash exit at a full valuation of the Company."

It's clear to me that a higher recommended offer is possible. "to agree" highly significant.

72p agreed and recommended to shareholders within 2 weeks or my name isn't Gavin Darby.

[isis] 01/4/2016 16:47

Probably be some Weekend press.

Fact is no one knows.................as yet.

[tonybaloni] 01/4/2016 16:36

Creddy, always follow your gut instict, if it doesnt feel right dont do it.

[creddy] 01/4/2016 16:18

Price just shot back up to near 57p so I may be wrong. Hope I am wrong for holders of stock but for me its too risky and certainly not easy money.

[creddy] 01/4/2016 16:16

I'm with dins on this one. The market clearly perceives risk with this deal materialising otherwise the stock should be tradingmuch closer to 65p. I expect McC to walk away from this as Steinhoff did from the home retail (Argos) bid. Deal may still be done but I think in all probability, unlikely. Time will tell.

[yinyang888] 01/4/2016 16:11

McC knows it is a steal to buy PFD at anything below 75p and IMO will not give up unless another bidder (Nissin likely) put in a much higher offer. McC would have done their research before they made their offer 3 times!
I remain optimistic of a higher offer being agreed with McC, Nissin or a third party. Time will tell.

[shaf200] 01/4/2016 16:07

so offer on the table for a minimum of 65p and we are trading at 55p... what next Trump for the president?

[dins1249] 01/4/2016 16:03

And as we all know, the last thing he wants is a takeover from McC now. He would rather have the trade deal with Nissin and wait for the benefits to flow in down the road.

[isis] 01/4/2016 15:51

Gavin Darby's no fool btw. Been on bigger boards etc. than this lot:-

Mr. Gavin John Darby has been the Chief Executive Officer at Premier Foods plc since February 4, 2013. Mr. Darby served as the Chief Executive Officer of Cable & Wireless Worldwide Plc. since November 28, 2011. He served as the Chief Executive Officer of Vodafone Americas, Inc since April 1, 2004. He was responsible for its various interests in the Americas Region. He served as a Director of Operations and Business Development at Vodafone Group Plc for the Asia Pacific and Middle East Region. He served as the Chief Executive Officer or Vodafone's joint ventures and investments outside Europe, including Africa, USA, China and India from 2004 to 2008 and was responsible for Vodafone's operations in China and India. Mr. Darby served as one of the designees for Vodafone Deutschland, GmbH. From 2001 to 2010, he worked at Vodafone PLC. Mr. Darby served as a Chief Operating Officer of Vodafone UK from February 2001 to September 2002 and served as the Chief Executive Officer of UK from September 2002 to 2004. At Vodafone PLC, he improved the margin, cash flow and overall profitability of the UK business. He served on telecommunications public company Boards in India, South Africa, Kenya and Hong Kong. His operational and management experience spans the consumer goods as well as technology sectors, having served 15 years in senior executive positions. He has a successful career in telecommunications and FMCG businesses. He has had a successful career in telecommunications and FMCG businesses. From 1984 to 2001, he served at the Coca-Cola Company in a variety of international executive positions, culminating in two Regional President Roles with responsibility for 30 European countries. He served as a Senior Vice President of Coca-Cola GB from 2000 to February 2001 and served as its Division President of 23 countries in Central Europe from 1998 to 2000. From 1991 to 1998, he served as a Benelux Region Manager and North West Europe Division President at Coca-Cola and was responsible for seven countries. He joined Coca-Cola GB in 1985 as Marketing Director and served as its General Manager since 1988. He has a strong consumer goods pedigree and extensive senior leadership experience. He has an extensive experience in sales and marketing ­ working at Spillers Foods and Johnson Wax. He served at SC Johnson & Son Ltd (UK). He serves as a Member of Advisory Board at FF&P Private Equity Limited. He was a Director of Vodafone Business Solutions Limited since September 19, 2003 and Vodafone India Limited (Vodafone Essar Limited) since June 16, 2007. Mr. Darby serves as an Executive Director of Indus Towers Ltd (India), Vodafone Egypt SAE, Vodafone Hutchinson Australia Pty Ltd., and China Mobile Ltd. He has been an Executive Director of Cable & Wireless Worldwide Plc. since November 28, 2011. He has been a Director of Premier Foods plc since February 2013. He has been a Director of ATX Technologies, Inc. since April 2004. He served as a Representative Director of Cellco Partnership since April 2004. Mr. Darby served as a Non Executive Director of Safaricom Ltd. from August 31, 2004 to December 2008. He served as a Non Executive Director of Vodacom Group Ltd. from 2004 to November 24, 2008. He served as a Director of Agero Connected Services, Inc. since April 2004 and at Bharti Airtel Ltd. from August 21, 2006 to February 2007. He served as Non Executive Director of Intertek Group plc from September 2009 to May 20, 2011. He served as a Director of Bharti Telecom Limited until May 8, 2007. He served on the Board of China Mobile, Vodafone Essar, and Indus Towers. He served as Representative Director of Verizon Wireless Inc since April 2004. Mr. Darby holds a Bachelor of Science (honours) degree in Management Sciences from the University of Manchester Institute of Science and Technology.

[isis] 01/4/2016 15:39

Things can change in the Blink of an Eye! or RNS in this case.

[dins1249] 01/4/2016 15:34

Which cash bid senario can you recall which is capable of returning minimum 20% clear profit after the bid terms are announced? Unlikely.

[isis] 01/4/2016 15:24

The market does'nt know the facts yet nor do we -It's 'In play'

MCK can take PFD and still do a deal with Nissin - they're are loads of Scenarios.

If we or the 'market' knew what was gonna happen all the time we'd all be rich! lol

[dins1249] 01/4/2016 15:22

What one wishes should happen may turn out different in reality. Market is never wrong once it has grasped the facts.

[isis] 01/4/2016 15:11

Very true. ;-))

[tonybaloni] 01/4/2016 15:03

These are bound to drift down a bit on nerves until the meeting to look at the books, etc is agreed.

Many selling know will have bought since the first bid was announced so are happily in profit.

[dins1249] 01/4/2016 14:34

Yes who would invest more than a billion with such a large shareholder on the books. I thought it is pretty clear from what the share price now is indicating and usually, the market is never wrong.

[sportbilly1976] 01/4/2016 14:23

If Nissin refuse to sell and build up sufficient to block (arguably 19.9% is there already), will/would McC walk away?

[mick] 01/4/2016 14:14

65p offer on the table and potentially more to go for. In whose interest are the board of Directors acting? Disgraceful

[hippo] 01/4/2016 13:21

Still think 70p take out price, so took a punt on a few more.