Premier Foods Share Discussion Threads

[mynumber] 02/6/2016 20:12

Sold 2day for 8%. Will reenter around 39 if seen. Good luck all

[mynumber] 01/6/2016 10:23

All the indicators here pointing 2 strong buyhttp://m.investing.com/equities/premier-foods

[mynumber] 01/6/2016 10:15

The full breakout once we get above and stay

[mynumber] 01/6/2016 09:56

Not a techy guy but that purple line is rising and once we clear it, should act as support. We may touch it and go back to test the blue line which is now around 39 or so and try again if blue holds. On weekly we have all 3 cleared which is good me thinks.

[waldof] 01/6/2016 09:11

mynumber:

The purple line to which you refer is actually now pulling away - so not so good i presume?

[mynumber] 31/5/2016 21:56

Volume is increasing as well...

[mynumber] 31/5/2016 14:34

I think we need 2 clear that purple line that is rising and close above on the daily to take off. Weekly looks good

[waldof] 31/5/2016 12:31

Flirting with your 42.5 mynumber.
Some big buys and solid support....hovering as i type.

[mynumber] 31/5/2016 12:08

Looks good here...

[waldof] 27/5/2016 16:08

Well thank you munumber...i will bear that very much in mind.
Keep telling myself to learn more about this charting..

[mynumber] 27/5/2016 16:05

Weekly looks good. If we close above 42.5 we have a clear path

[waldof] 27/5/2016 11:56

do not know much about charts and clearly the spike was the bid, but that aside does this look as if it is about to breakout ?

[anony mous] 25/5/2016 16:37

Thought the prelim results and guidance would have pushed this little higher.Nothing or flat.Not good for the share price short term.Will it drift lower.

[mynumber] 23/5/2016 02:50

Bought back in Friday. Let's see if we can get back into 60's. Good luck all

[diku] 19/5/2016 23:43

dexdringle...by rejecting the offer the insiders can keep their cushy lifestyle with bonuses going for longer...it could also be that the insiders were probably playing a poker/mind games...expecting McCormick to increase the offer to 70 - 80p...instead they walked away....

Morale of the story is all too often insiders own the company!...wider shareholders are just a side kick...that funds the RI!!...

[isis] 19/5/2016 18:44

Above 65p lol

[miikke] 19/5/2016 17:38

Perhaps someone could ask the board what they value the company at- it could be interesting....

[dexdringle] 19/5/2016 15:27

I suspect McCormick weren't interested in a hostile takeover.

Quite why the board of PFD thought than an offer at around a 100% premium to the share price beforehand "undervalued" the business I don't know.

What the hell do they think the shares are worth - and what is their plan to achieve that ? Presumably, if it is so clear that the shares are worth more than the McCormick offer, we should be looking at amazing news that will mean the share price is more than 65p within the next, say, 3 to 6 months.....

[isis] 19/5/2016 14:50

McCormick should have gone direct to shareholders. They missed the chance to get WP's stake and it seems that the Board may have tipped of Nissin, although there is no proof of that.

The Directors would have benefitted from the takeover too so don't know why the didn't push for it. It could aslo be that MCK changed their mind anyways as there never was a firm order on the table.
Just because someone makes an offer doesn't mean it will happen.

We can hope that Nissin takes them out later on or someone else does.

[dexdringle] 19/5/2016 14:30

Why would the CEO think that we are all better off with the share price at 38p rather than the 65p we could have had as cash? Do we think he has the decency to be embarrassed?

There doesn't appear to be a snowball in hells chance of these getting to 65p any time soon.

Am I missing something here?

Feels like another example of owners (shareholders) having zero influence. If we had been asked (about the takeover at 65p) I'm guessing it would have been approved by a significant margin.......

[bit thick] 17/5/2016 09:18

Slowly, slowly turning the corner. Debt is still too high, but coming down, some good news regarding overseas business. In 5 years time this will be well above these levels. Buy and hold.

[chrisgail] 17/5/2016 08:39

I think these are reasonably good set of results, with the company moving in the right direction. The market valuation is still expecting the worst, time for a modest rerating up to the bid price 60p and then onwards from there, this may take a couple of years, but I will wait.

[jswjsw] 17/5/2016 08:37

Well, Mr. Darby, YOU may be impressed with 1% sales growth, but investors are not. Congratulations on destroying over 50% of the value on your share price this year. It really felt great to have 65p again; and then you threw it out of the window. Thanks a bunch.
Also - & this is for you to heed - Ambrosia and Batchelors were yesterday's names in the 1970s. I'm not surprised they have declined. Change the names, at least, and they will do better. It's not rocket science, man.

j

[tonybaloni] 13/5/2016 11:18

City Regulator To Probe Premier Foods Share Trades

The City watchdog is probing suspicious share trades ahead of wild fluctuations in the share price of Premier Foods, the owner of Mr Kipling and Oxo.

The Financial Conduct Authority (FCA) wrote to the company and its City advisers in recent days to inform them that it was seeking to review trading activity in its stock.

The FCA's focus is understood to be on a frenetic period this year in which Premier Foods was the subject of a possible takeover bid from McCormick's, an American rival.

The specific source of the FCA's concern was unclear on Thursday evening.

Other City firms are also understood to have been contacted by the FCA.

Premier Foods announced on 23 March that it had received an unsolicited approach from McCormick's at an indicative price of 52p-a-share, and that it had been rejected as "significantly undervaluing" the British company.

The news sent Premier's shares soaring, with a co-operation agreement with Japan's Nissin Foods Holdings being announced at the same time to the irritation of some large investors.

Nissin subsequently acquired a 17.3% stake in Premier, which also owns Angel Delight and Sharwood's, while McCormick's returned with a higher proposal worth 65p-a-share.

The US-based food group did not table a formal offer, however, and announced on 13 April that it was abandoning its interest.

Premier's shares moved sharply on a number of occasions during this period.

A person close to the FCA said it was possible that its initial enquiries may not lead to a formal investigation.

However, the news that it is examining trading in Premier's shares is notable because it comes on the same day that a former Deutsche Bank broker received the longest-ever sentence for insider trading.

Martyn Dodgson was arrested more than five years ago following an investigation led by the FCA's predecessor body, the Financial Services Authority.

Premier Foods and the FCA declined to comment.

[isis] 04/5/2016 12:39

Board not looking good rejecting the deals. Could fall below 35p on a bad day now.