I think we will push on back towards £2 as results get nearer. |
'Now guiding for Trading profit to the upper end of FY24/25 expectations' |
Another nice TU. PER of around 13% and a dividend which is expected to grow (from its low base) at 18-19% Pa for the next 3 years. Should have wiped out debt by mid 2026 - it’s come a long way in the past few years! Creates room for value-enhancing capex or acquisitions. |
Trading update tomorrow... summit to look forward to hopefully. |
I've heard Typhoo Tea are in trouble I wonder if Premier could turn this around with their supply chain success. Typhoo us a long established brand but apparently tea drinking is not so popular now compared to coffee drinking... |
PFD – Premier Foods
3*
Premier Foods posted another rock solid set of Interims this morning. Headline Revenue was up 4.6% to £498.7m, headline trading profit was up 5.5% to £70.2m, adjusted PBT was up 8.9% to £61.0m and adjusted EPS was up 8.1% to 5.3p. So more high single digit growth across the board and the balance sheet strengthened, net debt was down to £221.3m, £51.8m lower than the prior period and Net debt/EBITDA reduced to 1.1x. The Group...from WealthOracle
wealthoracle.co.uk/detailed-result-full/PFD/975 |
Results proved in ?Good debt reduction |
Eps still not racing yet ? |
Still heading the right way, out for now though until next results which are usually good due to Xmas buying. |
very quiet on this site, solid set of results,steady eddie company |
Any news why we are down 2% ? |
Am I correct in that Half Year Results for 26 weeks ending 28/9/24 are due to be reported tomorrow 14/11, last years result were 16/11 |
Premier Foods appears in a Tempus column today. The Times are pondering if Premier can make enough acquisitions before they receive a takeover themselves. |
Has lower inflation numbers helped? |
Up 10p in 10 days for no obvious reason other than Barclays raise. Fwd PER is now 14x. Top holding in the JPM UK Smaller Companies Trust. Is this on PE radar now DB Pension largely de-risked or is there activity on the pension scheme front ongoing which a lot of people know about but which hasn't been announced? |
Chunky raise for PFD BARCLAYS RAISES PREMIER FOODS TO 'OVERWEIGHT' (EQUAL WEIGHT) - PRICE TARGET 207 (143) P |
Nice to see more non-executive director buys at near highs |
Good sign that they are reinvesting in the company not millions but every little helps :-) |
Some chunky buys !! |
This one overlooked especially with mr Kipling in USA !!! And debt falling faster now with no pension payments . |
Do we have a breakout on our hands ? |
I oy seeing director shareholding but not external companies. Where are you seeing them? |
I have added here for the long run as I feel the pullback is overdone as it also hit the bottom of the trendline. The energy and critically the base price of ingredients (Soybeans, Wheat...) has been falling for months and with increased inflation profit margins should swell very strongly providing greater EPS growth meaning lower forward p/e at these prices. Inflation is bad for customers but good for corporate profit margins. Don't take my word for it, I see JPMorgan Trusts have been adding. BUY. |
Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.
Hot Features
Premium
