Premier Foods Share Discussion Threads

[isis] 21/4/2016 07:30

He didn't have any choice in the sale of C&W afaik.

McCormick could have gone straight to shareholders too but didn't.

[hippo] 21/4/2016 06:34

Is it true many of Darby's options have not vested yet !He was quick to sell his last business and on that occasion the market felt far too cheaply.

[anony mous] 20/4/2016 21:28

Tbh I thought this would sell.I have no problems holding and will keep topping up on dip days.It's only a matter of time they will be taken out.

[donsan] 20/4/2016 20:40

blimey that's a bit rich coming from The Times, only 2 weeks ago they were recommending this as a buy at 56p, that's the last tip I take from them

el don

[isis] 20/4/2016 17:18

Yes it is very disappointing.

When they said that talks had been constructive I would have bet that a deal was in the offing but there you go.

It's gonna take time to get back up there without a bid. It's a hard slog growing sales in these type of Companies.

I also think that McCormick may have thought the business was too big for them.

[nsk1] 20/4/2016 16:09

Gutted....was sitting on a decent profit & it looks like PFD have foooked it up again, back into 30p ranges & business as usual. GL to all

[isis] 20/4/2016 15:43

Unusual for Broker and Company to be at odds.

Cakes will Roll.

[isis] 20/4/2016 15:06

CS appear to be punishing Premier for not taking the bid.

Time to change Brokers.

[cellular3] 20/4/2016 13:47

Pastybap

'Cellular3 I am merely stating a fact to someone who said there was limited downside, to make their comment a little more balanced. And to follow up your comment, a stop loss would be virtually useless in such an event, unless it is a guaranteed stop provided by a CFD, Spreadbet firm etc.

FWIW I expect a bid to be agreed/forced through, as does the market given that the price sits much closer to the expected bid value than the pre-bid price.'

On that note I'm so glad I never did a stop loss as I would be down 65%. Oh wait I am down 65% - doh!

[isis] 20/4/2016 12:27

Credit Suisse should be sacked.

[salpara111] 20/4/2016 12:17

Yeah, I read the Times article, not really saying anything that has not already been said. Basically heavily critical of the board for not looking at a serious takeover offer that was at a 100% premium to the share price and saying that senior management have a hell of a lot to deliver to justify turning the offer down.

[isis] 20/4/2016 12:07

I would have thought Credit Suisse as House Broker would have been consulted on the recent bids.

Seems strange.

[isis] 20/4/2016 11:31

From the House Broker too.

Darby has put himself on the spot so has to deliver.

[seball] 20/4/2016 09:13

Write up in The Times today which is not very encouraging. Broker downgrade from 70p to 50p. That could explain drop today.

[yinyang888] 20/4/2016 08:08

The Australian acquisition was a small one, Mccormick will need to make far bigger acquisition(s) to grow its earnings and I will not be surprised to see them having another go at PFD in the future.

[sportbilly1976] 18/4/2016 14:00

How long will Nissin also sit with 20% of the Company being purchased at 62p? As a minimum I presume they will want a seat on the Board so they can guide the direction of the Company

[pennysharemillionaire2] 17/4/2016 21:04

Google "premier foods investors chronicle"

[foot in mouth] 16/4/2016 17:19

Can you paste the article??

[pennysharemillionaire2] 15/4/2016 19:32

Investors chronicle say BUY

[pennysharemillionaire2] 15/4/2016 19:32

Investors chronicle say BUY

[bit thick] 15/4/2016 10:38

Maybe it will be worth more than 65p in the long term...

[pennysharemillionaire2] 14/4/2016 19:20

hxxp://mobile.foodmanufacture.co.uk/Business-News/Premier-Foods-shares-plunge-as-McCormick-halts-takeover-bid