Premier Foods Share Discussion Threads

[hotdog23] 31/10/2020 20:11

Second lockdown and non-essential stores closed.Not great but PFD will benefit.

[18bt] 21/10/2020 17:29

This is worth a read from yesterday:


And this one bodes well from last week:

[18bt] 21/10/2020 17:27

Staycations and lockdowns should surely mean Mr Kipling and other brands have held up well.

[hotdog23] 21/10/2020 16:16

Interim report due out November 10.Reminder that Q1 trading update back on 29 July was +22.5% revenue and traded that day 88-91p or so.

[shaker44] 08/10/2020 09:31

Pondering whether to reinvest elsewhere. Thoughts on what may bring the next step up here anyone??

[qs99] 06/10/2020 07:37

Probably, but continues to deliver the de-leveraging and interest bill savings with value flipping into the equity IMO>....nice to see the "continued strong trading" element as well....DYOR

[shanklin] 06/10/2020 07:33

Presumably this scheduled £40m repayment is already reflected in broker estimates, but who knows.

[qs99] 06/10/2020 07:16

Yup it all helps
Get dale of hovis done and even better DYOr

[18bt] 06/10/2020 07:12

Cash generation being used to boost earnings again - good stuff!

[qs99] 04/10/2020 19:36

Use of further sale proceeds would IMO help reduce the debt and importantly the massive interest bill it pays each year at the moment, further enhancing equity returns....GLA and DYOR

[qs99] 02/10/2020 15:09

About to turn blue and get through £1?

[qs99] 02/10/2020 12:09

Holding up well, will it breach a quid for weekend?

[wineoh] 02/10/2020 10:39

So did you get out phlegm? Good luck if you did.

I sold 1/3 of my holding today as I set myself a target of £1 and just had too much in this one, over 30% of my entire portfolio. I bought in between 22p and 45p, average 35.25p

I still feel that there is more to come - and I may even be a buyer if I didn't already own too much. Higher price for Hovis = higher debt paydown of 6.75%debt. I cannot see anywhere that suggests Hovis were contributing much PROFIT to PF - but PLEASE tell me if I have missed something. Constantly on isle end promo @ Tesco and assuming they have their sums right, I see basket fulls of Mr K, surely = sales are heading up and profit too.

I want to believe that management have turned the corner and PF is heading in a good direction. Please tell me if I am wrong - still 20% of my pension relies on this!!!

[phlegm] 01/10/2020 16:44

Getting shut tomorrow,not gonna be greedy,bought at 28 & 30,would bought a nice holiday,fkn virus

[hotdog23] 01/10/2020 14:03

Latest bump perhaps on Hovis news https://www.thetimes.co.uk/article/rise-in-demand-for-hovis-loaves-lifts-prospects-for-100m-auction-7vj3cqr2c

[firtashia] 01/10/2020 09:37

lets see if this breaks out or forms a handle prior to the interims (November?)

[qs99] 30/9/2020 14:32

Not sure but looking good at the moment

[phlegm] 28/9/2020 20:51

Will it hit 1£ before someone comes in

[hotdog23] 22/9/2020 09:38

Expecting another bump if and when the Hovis sale completes.Until the next item of fundamental news comes out, it is a mugs game to try and predict where the share price goes in the short term.

[shanklin] 22/9/2020 09:06

Obviously. Scaring the sh1t out of the population is positive for PFD

[prokartace] 22/9/2020 08:48

20160-

The sudden fall when there is threat of more lockdowns. In my opinion it is a positive for the company

[games] 21/9/2020 15:03

Hovis.. contract to supply hmp. Feed over 80000. Value £7m to £12m.

It may just be a renewal.

Either way is a positive for the sale

Edit. 3 yrs

[shanklin] 21/9/2020 14:05

What is what?

[prokartace] 21/9/2020 11:49

Then what is this???