Premier Foods Share Discussion Threads

[prokartace] 18/9/2020 14:59

Looking like the consolidation is over and target of 120p is now on the cards for the short term.
Wish I could see long term that the company's strategy is working but as the recent growth in sales was completely down to covid it has hidden any proof that the long term strategy of the company is working. I would like to believe that it is but I think we will have to put in trust to stay with the share to find out

[geckotheglorious] 14/9/2020 20:35

Congrats to all the holders :)

[s34icknote] 14/9/2020 20:07

PFD owns 49 percent .100-150 million value sky news So 50/75 million for PFD .Wish I had bought these when they sank to 17p in March !!!Well done all that got in and long termers . This is finally getting back on a stronger footing with covid actually helping !!!

[hotdog23] 14/9/2020 12:41

Sky News report on Hovis salehttps://www.just-food.com/news/interest-lodged-in-uk-bread-maker-hovis_id144376.aspx

[hotdog23] 02/9/2020 17:32

"My 60p target will be hit in September"I can only see that happening if they have an abysmal trading update, and grocery sales still seem to be moving at a decent clip. Tbf, you didn't say which year... 2021 maybe?

[firtashia] 02/9/2020 15:20

Post 20127:

"If shorting isn’t your thing, just hold and top up at 60p"

Thank goodness I'm taking your advice Hod :-)

[hodhasharon] 02/9/2020 15:14

I know we're going to 60p, but it's still sad to see it break down. :-(

[firtashia] 02/9/2020 07:49

Wasn't Hod was it? :-)) thanks for the link isis. Credit to the AIs for giving PFD the kick up the backside it needed, they've earned their crust (forgive the pun). They evidently see opportunities to invest in businesses far more distressed than PFD currently is, which is actually reassuring to me, irrespective of the short term movements of the share price.

[isis] 01/9/2020 20:59

tbh. I'm not sure why a Hedge Fund would want to tell a Newspaper their strategy on a stock and alert everyone else.........probably planted by a Shorter..........

[isis] 01/9/2020 20:52

Oasis and Paulson are apparently offloading their holdings but slowly - price has held up quiet well considering....would have thought there were more obvious shorts than this one.
Market always well wobbly this time of year - just look at the FTSE fallers of late.

[hodhasharon] 01/9/2020 20:18

There’s a few large sellers dumping PFD stock it would appear.

[pastybap] 26/8/2020 16:41

This is also odds on to be included in the FTSE250 in the next reshuffle, so additional forced insti buying to come.

[chessmaster10] 26/8/2020 16:37

I like technical analysis too, so here's my tuppence worth:

This is looking like a nice setup for a move to the upside.

As I read it, we've had a strong move up (almost 100%) since the breakout in early june from the last consolidation zone, which was a near perfect flat base.

Since 17th July we've been forming a new base, which also looks healthy. We've held above the 21EMA, which has held as support and is now converging with the 50SMA - 'coiling' if you like. In my experience, this normally provides a solid platform for the next leg up.

Volume has been low (except for 14th August), and has almost dried up completely, within a tight price range of about 8%. This is constructive action. There is no evidence of heavy selling at this level.

I expect this will continue for a few more days. A close above 91p on good volume would suggest the next move up is starting and a close above 95p would confirm it.

Looking ahead, I'd have a target of 115p as a target to reach - this would fill an old gap which can be seen on the weekly chart.

I don't see this heading to 60p, but anything is possible - lets see how it plays out.

[firtashia] 26/8/2020 14:33

If it were the Chairman, CEO or CFO selling heavily, then I would be genuinely concerned. But in fact the Chairman spent £130k buying stock on 24th June. The recent sale to which you refer was actually an associate of the NED, not the NED himself. Now a question for you. If the sale was for a genuinely good reason related to the business, why would you still want to buy?

[hodhasharon] 26/8/2020 14:08

Are you not concerned about the director selling recently? Assuming he knows more than you or I regarding the operating performance of the business?

[firtashia] 26/8/2020 14:07

Thanks for your concern, but I'm not disappointed in the slightest. Short term movements in the share price are of no interest to me. Whether its 60p,or 160p, I will only add if the share price is justified by the operating performance of the business.

[hodhasharon] 26/8/2020 13:31

I know it's disappointing to watch, but think how many you can buy back at 60p.

[firtashia] 26/8/2020 13:24

"Institutions are selling heavily into any strength".

On the contrary, apart from the one off NED sale, average daily volumes traded during August are the lightest they've been in the past 3 months. currently no strong buying, or selling.


free stock charts from uk.advfn.com


Suggests a period of consolidation, as per Investopia's post 20095. Likely to continue until the next set of results is due (November I think)

[hodhasharon] 26/8/2020 12:16

The drift to 60p has started. Look at Q3 2018 on the chart for navigation purposes.

[hodhasharon] 25/8/2020 08:30

Institutions are selling heavily into any strength. Look at the distribution-zone in the candlestick chart. See how the moves down are really abrupt, and the moves up are a slow drifting motion.

Institution offloads in high volume - abrupt movement.
Retail investors buy - slow drift upwards.
Institution offloads into the strength.

The cycle continues until they're done. They we move down. Retail investors panic and sell, adding to the weakness.

60p target (September 2020).

[hodhasharon] 24/8/2020 12:51

The chart appears to be favouring my perspective.

I'll come back at 60p.

[hodhasharon] 24/8/2020 10:38

Let the chart settle it.

[pastybap] 24/8/2020 10:28

If as you say, the distribution of a director sale was complete, would that not remove supply from the market and therefore you would expect the price to move forward? So not only are your laughable motives obvious, but they also make no logical sense.