Premier Foods Share Discussion Threads

[daz1712] 20/4/2020 07:56

The latest update looks great in all aspects pension scheme hopefully sorted, reduced debt level targets easily met, plenty of cash in the bank
Not mentioned credit rating but on their website both Stable from negative

[18bt] 20/4/2020 07:31

This pension scheme announcement is massive in the context of a company with free cash flows to pay down debt of c£40m. And added to that, current trading is strong. At some point, there is going to be massive re-rating, pershps not today, but when there is certainty of the RHM Pension scheme buyout, which will unlock these reduced contributions. It's on a PER of 3.8 times forecasts, unadjusted for the trading update. It feels like the PER should be 8x on upgraded forecasts and then factor in the DCF effect of the reduced contributions which is £115m minimum on a company with a MCap of £277m.

[ynot68] 16/4/2020 17:34

Superb bump up! Big orders filtering down from supermarkets, hopefully!

[lammylover] 16/4/2020 16:57

Wow! PFD rises 13.7% to 32p. Has one of the AT algo bots got stuck in buy mode? Good news, whatever the reason...Rich

[pastybap] 09/4/2020 23:09

Only 2.6% dilution since 2016. In the same time net debt down over 7%(From Stockopedia).

[amaretto1] 09/4/2020 22:39

Share dilution since

[seagreen] 06/4/2020 08:12

They turned down a bid of 40 or 45p a share a few years back and they are in far better shape now

[daz1712] 30/3/2020 08:06

sorry 2 articles on the wrong thread this morning...still waking up

[daz1712] 30/3/2020 08:03

Wrong thread

[robizm] 26/3/2020 21:52

High inflation on the way will sort out the debt and whittle away the pension promise as well. Food always goes up so more profits

[seagreen] 26/3/2020 13:23

eceedingly good till 30p then it will be interesting as they had a healthy last statement ...if they keep churning the basic staples out they could surprise further the guv turned down a lot hugher when bid for and basicly said he was turning it around and was on track reducung debt and increasing profits fingers crossed

[daz1712] 25/3/2020 16:56

No updates yet from The company re action and effects on cash flow, distribution and manufacturing...presume no news is good news, unless have missed something

[seagreen] 25/3/2020 12:20

Prince Charles probably eats home made cakes anyway

[seagreen] 24/3/2020 16:33

irish racing off....more money into exceedingly good cakes ...less into the bookies satchel

[lammylover] 24/3/2020 13:37

Can't believe this was driven down to 19.08p recently. Obviously big Institutional Investor dumping; presumably due to debt / pension hole. Its good to see price starting to rise again (22.8p now) I would have thought PFD would do well at present with demand for all foods; especially comfort foods (Mr Kipling). Hopefully they have streamlined production KPIs to reduce number of product changeovers and make more volume. Time will tell. Hoping for positive update on limited CV impact to business, other than increased sales volume.

[seagreen] 23/3/2020 09:26

Kippling lol

[seagreen] 23/3/2020 09:25

People realising PFD sells long dated pdg staple long dated food....old man Rippling might have his day un the sun again exceedingly good basic tasty stuff

[seagreen] 20/3/2020 15:58

best to stick to boring staples.....they are boring but still very used and rather needed in a virus situation...listed below



Not sure there is not a hint of a bear raid here ...so if given a push we might get the odd spike

[bonio10000] 20/3/2020 11:51

If PFD can't sell in this market they never will.

[seagreen] 18/3/2020 08:06

Or make them with their exceedingly long shelf life ....seem to last for ages .....w/o going off

[daz1712] 18/3/2020 04:47

Hi thegegg probably best to look at companies with a strong balance sheet with the current situation, lots of bargains to be had on blue chips
Premier Foods have been reducing debt and pension deficits which has saved lots in interest payments but this could covid19 could put them back 5 years

[thegegg1] 17/3/2020 22:51

Is this stock worth a little punt?
Looking at turning £2k into £5k by the end of the year, so what you you people think???

[nobbyx] 17/3/2020 21:15

Let's hope Premier's increasingly unfashionable factory-made stodge fits that description...