Premier Foods Share Discussion Threads

[pastybap] 13/4/2016 10:59

@isis there are people on here that will be a little depressed at the takeover being abandoned. Do you really think they want to hear your ramblings about the price of pepper?

[isis] 13/4/2016 10:49

How can a jar of pepper costing 10 times a packet price be in such demand?

Nuts.

[pennysharemillionaire2] 13/4/2016 10:21

McC growth is slowing and estimated at 1-2%. Their products are already international so they need to buy other companies to assure growth continues.
PF are at a lwo, innovative and with leading brands in the UK. They have just raised their growth estimates to 3-4% and have the entire international market to accelerate growth.
Screaming buy now --> now valued at 65 p.

[isis] 13/4/2016 10:14

Of course they are but it just shows you how thick the Public are.

[plootocrat] 13/4/2016 10:03

Isis - what is your point about McCormick's high margin on salt and peppercorns etc? Aren't high margins a good thing from an investor's perspective?

[wantmorethan24p] 13/4/2016 09:43

it was schofield and his cronies who did the damage,this is a new board.give them a chance.

ps:am a buyer these are basically in play.

[esther1975] 13/4/2016 09:42

I suppose if you were McCormick and your offer of 65p was rejected. If you then walk away, you know that the share price will dive, and you could buy shed loads of shares and then offer a lower price (subject to trading rules).

[isis] 13/4/2016 09:23

If you knew the history of Premier you'd know that it wasn't this BOD that did the damage.

I am disappointed there is no bid but that's the Stockmarket for you.

[jswjsw] 13/4/2016 09:21

Premier Foods commented: "The Board sees a strong future for an independent Premier Foods, and believes that the foundations have been laid for significant growth and shareholder value creation."

That really does take the biscuit after ten years of destroying shareholder value! Pie in the sky!
Ah well, you can't have your cake and eat it I suppose.
(Swiss-)Roll on a white knight!
j ;-)

[dins1249] 13/4/2016 09:20

You are still not paying attention. McC were in there with a cash bid of 65p and market price remains below 60p!. Come on.

[isis] 13/4/2016 09:17

If it is never wrong how come it went from 30p-60p and how come Nissin paid 63p a share for their stake.

Half or more bids fail, although I thought as many others this was a runner.

Would like to hear from the Brokers on Premiers prospects.

[isis] 13/4/2016 09:06

mcCormick products are very high margin. 100g Black Pepper will cost you £6.60 in Schwatrz Jars - you can buy the same 100g in a packet for 70p

mugs!

[boffster] 13/4/2016 09:06

Disappointing in the short term, but I believe Darby / Nissin et al. knew what they were doing, and as hillbrown says I expect further interest here.

[hillbrown] 13/4/2016 08:55

As I said before, PFD is in play. An aggressive bid north of 50p to open it to several potential buyers and a bidding war. Not likely to happen overnight but within months.

Heads may roll.

[ajmace] 13/4/2016 08:22

Time to buy I think.....

[sago2] 13/4/2016 08:14

Did they just set up the Chinese?

[henley2] 13/4/2016 08:11

Having rejected 65p, future management incentives should be based on that price as a minimum hurdle rate.
Bet the pension trustees are miffed aswell, large US multinational backing pension liabilities preferable to an independent Premier Foods.

[liam1om] 13/4/2016 07:55

Uncrossing at 30p.

[spob] 13/4/2016 07:48

They won't pay 65p

[hippo] 13/4/2016 07:46

The only ones to lose here, are the greedy who bought in the 50's on a gamble. You win some, you lose some.Yes well and truly in bed with nissin. It's all about the jobs for the boys, nissin have no UK presence, so the board are safe.Nissin will buy within 12 months.

[waldof] 13/4/2016 07:33

Stick that up your bottom W!

[creddy] 13/4/2016 07:28

relationship with nissin too cosy for a third party bid to succeed. no such thing as free/easy money.

[isis] 13/4/2016 07:26

The DD would still have to be done even if they had accepted and they could have still walked away.

We don't know what when in the Boardrooms unfortunately.

I'm surprised they didn't bid further.