Premier Foods Share Discussion Threads

[vic_frost] 06/10/2016 14:59

Prokart,All valid comments from you however the following has changed over the past 6 months:1. Food sales are improving in the home markets. 2. International sales are booming. The weak £ is great for exports and makes buying their food stuffs cheaper for Carrefour and others. I spend quite some time doing business out in UAE and Singapore and more and more of PFD ranges are on the shelves there at lower prices than some of the US brands. 3. Product ranges are improving. 4. PFD are in a much better place than the start of the yearI'm convinced PFD has turned the corner and irrespective of a takeover or not they will be trading a lot close to 75-80p by year end.

[isis] 06/10/2016 14:32

Lots of New Products and Awards lately. They certainly keep busy.

[prokartace] 06/10/2016 13:02

Vic_frost, why would they pay more for the same business? In exactly the same way that the weak £ makes the company cheaper to them, it equally makes the profits less to them meaning that it is only worth what it was before regardless of the currency rate
DOH!!

[coolhandfluke] 06/10/2016 10:23

I am thinking this rise is just an overdue rerating following a reasonable performance confirmed at last update. I am expecting/hoping it will continue for the time being. The problem for take over is the large debt and, going by other companies, the widening pension deficit. Still seeing a good run here though.

[vic_frost] 06/10/2016 10:04

Been thinking the same Mick especially as currency is on McC's side. We're steadily moving towards 60p so if an offer arrives I expect at least 80p with potential of 90-100p.

[mick] 06/10/2016 09:37

Again a bit of strength this morning just as we are coming up to the six month anniversary of the McCormicks exit, after which McCormicks are free to launch a fresh bid. Coincidence maybe?

[vic_frost] 05/10/2016 07:35

Mick, I guess they could go hostile ... £ to $ was 1.44 back in March when the bid was called off at £0.65. At current exchange rates they could raise the bid to £0.75 and effectively still pay the same price for our beloved PFD. In recent weeks volumes tend to spike when the US wakes up so I've got a feeling someone is already building a stake across the pond.

[mick] 04/10/2016 20:48

But are McCormicks not effectively blocked by Nissin? So McCormicks unlikely to come back with a new bid?

[red army] 04/10/2016 20:28

I was thinking the same.

[vic_frost] 04/10/2016 20:15

The largest volume trading day in over 3 months ... Reckon they were big buy orders finally filled. With £stg at a 31 year low I would not be surprised by another approach coming out in the next few days by the boys from across the pond.

[mick] 04/10/2016 15:17

Interesting to see PFD moving in to new territory > 54p - I wonder is there something interesting going on?

[miikke] 15/9/2016 21:44

This looks as though some are beginning g to speculate on a new offer for the company or the management have really started the turnaround - either way the share price is now looking healthier again- any views?

[red army] 08/9/2016 22:24

Can't see them turning down 80p

[hippo] 08/9/2016 22:14

Clearly the Japanese have got to be favourite.

[red army] 08/9/2016 22:13

Rest assured this company will be on one or two non sterling companies radar inc US corporates. It all depends when they come out of the woodwork.

[coolhandfluke] 08/9/2016 21:46

I can,t see any takeover on the cards other than possibly the Japanese? I believe the current management are already bringing out the real value of the company to the shareholders advantage. Pre consolidation this share price is only 5.3p so we have a long way to go to reach a fair valuation.

[red army] 08/9/2016 17:17

Well the share price is poised for more now that the 52p resistance has been broken albeit just.

[mick] 08/9/2016 15:35

I think that it was mid April when McCormick withdrew their 65p takeover offer. Were McCormick to make a fresh offer, post brexit and post the fall in the value of sterling, I guess that the earliest they could make it would be mid October being six months since their last bid.

However, am not sure that McCormick will bid given that Nissin have a c.20% potentially blocking vote.

Encouraging to see the share price progress and it will be interesting to see whether we get any corporate activity in Q4.

[tini5] 08/9/2016 10:56

It was touted as a takeover target - personally I still believe it is. Perhaps some got bored and went elsewhere.

It's got good potential though, even without a takeover on the cards - new lines etc plus they're recruiting which is usually a positive sign that business is going well.

[coolhandfluke] 08/9/2016 10:17

Why is there so much selling going on with this share? I have followed this share for a few years now, been in and out, just bought back in as they seem to me to be in a better place now than for a long time.

[tini5] 06/9/2016 23:18

Premier Foods Launches Cadbury Cakes Sharing Range

www.kamcity.com/namnews/products-promotions/premier-foods-launches-cadbury-cakes-sharing-range/

[geraldus] 16/8/2016 09:38

Good to see plenty of buying interest here,if not on the board. GLA

[dealer1972] 09/8/2016 09:05

Because he's a bit thick?

[bit thick] 09/8/2016 09:05

Why did he not buy a few weeks ago at 40p?