Premier Foods Share Discussion Threads

[daz1712] 27/5/2020 10:11

Can’t see any negative here,
Next years debt reduced to 300m from 1300m 10 years ago
Pensions issue resolved subject to final terms
More revenue due to the shutdown
Should be eps of 10-11p for 20/21 imo
Plus the brands are worth far more than the share price valuation

[shaker44] 27/5/2020 06:00

Good to see Shore also have positive write up today and buy recommendation. But no target price. Folk beginning to see more upside than down so a good recovery play

[3rd eye] 26/5/2020 13:32

Premier Foods PLC PFD Peel Hunt Buy 46.75 45.20 80.00 - Reiterates........SP target 80p.

Recent market comment........hxxps://www.marketscreener.com/news/Premier-Foods-reports-sales-boost-as-shoppers-stock-up-in-lockdown--30443154/

Lovely move up through the 100 day EMA considered in the business, Very Bullish. I bought first thing, stock is on forward P/E of just 6.8........very cheap.

[ali47fish] 26/5/2020 10:24

but WJA normally issues an agm statement due tomorrow- what investors here are expecting-recent news are good from memory

[18bt] 26/5/2020 09:18

That's worth about 0.4p a share in a full year EPS, so on a PER of 5x, that should have been worth 2p on the share price On current median forecasts, that would bring net borrowing below the current market cap at the end of 2021 - something of an odd milestone, but a milestone. This is now looking much less riskier than a few months ago.

[18bt] 26/5/2020 07:27

Another £4m saved

[18bt] 26/5/2020 07:26

Another £4m pa saved

[qs99] 12/5/2020 12:37

Ah soz, my bad....you are right....thanks pasty

[pastybap] 12/5/2020 12:32

The results won't be out until end of June. Check out RNS on 6th May.

[qs99] 12/5/2020 12:25

Results this Thursday? Any views? DYOR

[prokartace] 05/5/2020 11:20

Stupid people! How many shares are higher now than before covid19?

[discodave4] 24/4/2020 14:06

ShanklinToo true.

[shanklin] 23/4/2020 14:48

If we are absoltely certain we know what we are doing, we have a real problem.

[discodave4] 23/4/2020 14:46

Thanks, appreciated.Wouldn't argue with 70p, even 80p once re-rated.Blimey 2011, I bought in 2012 as a novice (still am!) and was lucky to get out with a very small profit (£400 if I remember).Struggle to buy when flying so will see if any profit taking before/on results.All the bestps still buy Hovis bread now, glad they got rid though as margins were pants. Got some fantastic brands now. Nick Train always sticks by the rule if it tastes good buy it!.

[shanklin] 23/4/2020 14:19

Hi DD4

I have absolutely no idea.

But:
(1) if 40p was fair value before Covid-19,
(2) Covid-19 is a positive for sales and profits,

then the pensions deal is a massive boost for cash flow and debt, so I just see PFD as significantly mispriced.

I have 70p+ in mind but not too sure and may have to wait until the deal is finalised with trustees.

If the UK followed Sweden's leads, pubs and restaurants will eventually re-open but with social distancing which will radically reduce their sales. So, for the foressable future I expect PFD to trade strongly.

Hope this helps as I am certainly not an expert here, having only re-bought on Monday having previously held in 2011.

[shanklin] 23/4/2020 13:47

LOL DD4, Which decade does your question relate to?

It was an excellent recent RNS re the pension plan and I think the share price should be a lot higher... ...but the BS is a complete and utter sh1tshow, so doubt there will be a dividend any time soon.

[discodave4] 23/4/2020 13:40

Hi, last held these back in 2012 and looking good currently.Being lazy but are they likely to start paying a dividend?.

[ianguerin] 21/4/2020 07:37

If the RHM Scheme has "demonstrated consistently strong performance over last 6 years" to show a surplus of £1,070million, the directors have been very slow at putting together this proposal, & it implies it should have been fast-tracked some time ago. OK, it needed pension trustee approval, but they were unlikely to say no to it when it's to the benefit of their members

[daz1712] 20/4/2020 16:30

Savings on interest payable are enough to drive the eps in double digits growth. On top of the revenue growth looking at 10p eps very soon x 8-12 earning. 80p is not that unrealistic imo
Doubled my holding on the crash 4 weeks ago but holding on this for a while yet

[isis] 20/4/2020 12:48

PFD Premier Foods PLC Peel Hunt Buy Buy 80 50
PFD Premier Foods PLC Jefferies International Buy Buy 63

[imjustdandy] 20/4/2020 10:00

Terrific news to be honest. This could seriously re rate from here

[ynot68] 20/4/2020 09:07

Held shares here for years. Foolishly refused opportunity to sell out when offer made at 65p I think it was. Good to see today's news. Something was due to happen since the new investors got involved.

[shanklin] 20/4/2020 08:40

Have not looked at PFD in detail for several years but today's announcement looks hugely helpful.