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  6. Premier Foods Plc (PFD)

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PFD

Premier Foods Plc

133.60
-0.40 (-0.3%)
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Share Name Share Symbol Market Type Share ISIN Share Description
Premier Foods Plc LSE:PFD London Ordinary Share GB00B7N0K053 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
Upgrade Icon
  -0.40 -0.3% 133.60 931,366 16:35:20
Bid Price Offer Price High Price Low Price Open Price
133.40 134.20 139.00 133.40 139.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food/grocery Prods Div'd 1,006.40 91.60 - 12.18 1,160.25
Last Trade Time Trade Type Trade Size Trade Price Currency
17:59:51 O 370 133.60 GBX
Related Shares
Unilever (ULVR), Kerry (KYGA), Real Good Food (RGD), Ukrproduct (UKR)

Premier Foods (PFD) Latest News

Premier Foods News

Date Time Source Headline
01/6/202309:00UKREGPremier Foods plc Total Voting Rights
23/5/202315:17UKREGPremier Foods plc Director/PDMR Shareholding
19/5/202312:02UKREGPremier Foods plc Director/PDMR Shareholding
18/5/202309:16ALNCNewsPremier Foods annual profit jumps, despite challenging environment
18/5/202307:00UKREGPremier Foods plc Preliminary Results
18/5/202306:33ALNCNewsGET READY: BT, Burberry, easyJet, National Grid at 0700 BST
02/5/202309:00UKREGPremier Foods plc Total Voting Rights
03/4/202309:30UKREGPremier Foods plc Block listing Interim Review
03/4/202309:00UKREGPremier Foods plc Total Voting Rights
07/3/202310:20ALNCNewsPremier Foods ups profit expectations for financial year as sales grow
Smart Money!
PFD is a large holding in the following funds:
 Fund  Percentage of Fund  Last Updated 
 JPMORGAN MID CAP INVESTMENT TRUST PLC 2.80% 2023-04-30
 JPMORGAN UK SMALLER COMPANIES INVESTMENT TRUST PLC 3.00% 2023-04-30

Premier Foods (PFD) Discussions and Chat

Premier Foods Forums and Chat

Date Time Title Posts
18/5/202307:23Premier Foods - Charts & News20,344
12/3/202114:33Premier Foods (Positive News, Moderated) FEB 20131,198
02/10/202012:09*** WARNING *** Sell Premier Foods while you still can !91
27/4/201412:21Premier Foods PLC -30
26/7/201311:21Premier Foods-

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Premier Foods (PFD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2023-06-02 17:00:45133.60370494.32O
2023-06-02 16:48:41134.4311,61215,610.36O
2023-06-02 16:48:41134.632,9033,908.34O
2023-06-02 16:48:41133.608,21510,975.24O
2023-06-02 16:29:18133.6025,46134,015.90O

Premier Foods (PFD) Top Chat Posts

Top Posts
Posted at 20/7/2022 12:22 by km18
Premier Foods (PFD) issued a Q1 trading update for the 13 weeks ended 2nd July this morning. Q1 Group sales were up 6.0% versus prior year, branded sales by 4.2%. International sales were up by 12% and the Group is firmly on track to meet FY23 expectations. Good progress has been made in recovering industry wide input cost inflation through a range of measures, including cost efficiency and pricing action and the Group continues to monitor the situation closely. Valuation is attractive with forward PE ratio under 10x, the balance sheet is solid, although the dividend yield is stingy at just 1.3%. A solid consumer defensive name with scope for modest growth and some upward rerating. Certainly worth monitoring, not a bad addition to a portfolio in the current nervous macro environment. BUY....

...from WealthOracle

https://wealthoracle.co.uk/detailed-result-full/PFD/502
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Posted at 21/1/2022 10:50 by tomps2
PFD mentioned in latest PIWORLD/Stockopedia StockSlam

Vivek Sharma ‘slams’ Premier Foods (PFD) in the latest PIWORLD/Stockopedia StockSlam at 40m45s

Watch the video here: Https://www.piworld.co.uk/education-videos/stockopedia-piworld-stockslam-jaunary-2022/

Or listen to the podcast here: Https://piworld.podbean.com/e/stockopediapiworld-stockslam-january-2022/
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Posted at 20/1/2022 11:27 by thirty fifty twenty
hi 18BT,
i agree + also thought it was a great TU.
in a business like PFD they are able to control profits in the short term by the amount of promotions and discounts they give to supermarkets, and also the amount of marketing spending. thus i see a double whammy benefit if they are raising profit forecasts as i think it must mean they have more up their sleeve.
in particular i think it must give a slight nod to good progress on the pension buy out negotiations.... why would you raise expectations now and then in 3 mths say - ah we need lots of CASH flow to fill the pension.

to me it makes much more sense that you would manage expectations,
and i think mgt have done a great job here both operationally and also in managing expectations.

and in addition to any financial expectations, for my own analysis i am adding something extra as they look quite likely to do a bolt on acquisition. they have shown they are good at running businesses so i think the both on acquisition will be earnings enhancing.

thus we are left with a golden scenario...
growing sales, higher margins, improved CASH flow, reduced debt, reduced interest charges, growth through bolt on acquisitions, increased dividends, and a higher rating all happening at the same time. in addition there should be a small bid premium as the business type is ideal for PE now that debt is heading to below 1.5times.

All IMHO, DYOR + BoL
PFD is in my top 5 hldgs
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Posted at 26/10/2021 11:35 by s34icknote
Igr profits warning Hard to tell on this one One assumes costs can be off set with price increases
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Posted at 28/6/2021 12:43 by 18bt
Interestingly, PFD appeared in a stockbroker note last week as a possible PE-backed takeover candidate according to the press. If that's the case, they really should have moved earlier and refinanced all the debt at the same time and they would have made a lot. But that's not to say it might still not be in the sightlines of PE - free cashflow is forecast to rise from c£50m a year to £81m between 2022-24. PE houses traditionally don't like DB pension schemes, but that is very close to being de-risked. So I don't see an offer at 140p+ being out of the question.
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Posted at 21/5/2021 14:53 by redalert
bond pricing will give 8m saving so pfd have upgraded their profit forecast
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Posted at 06/5/2021 07:13 by cravencottage
Results due on Weds 19th May.

Shame I can't buy any PFD @50p ;-0
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Posted at 18/2/2021 09:20 by estienne
share price falling on the news
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Posted at 19/1/2021 16:29 by geckotheglorious
"Well done to all the long term holders still here"



One of the best-performing stocks of the pandemic revealed more “exceptional” progress today as households continue to turn to Premier Foods (LSE:PFD) brands including Bisto and Sharwood's.

The home cooking trends caused by recent lockdowns, and the ongoing closure of pubs and restaurants, have created the perfect environment for Premier. That’s led to further City profit upgrades after the company said sales grew 9% in the quarter to Boxing Day.

Once trading conditions start to normalise, the pandemic's impact should still be felt, however, as stronger cash flows have enabled Premier to retire expensive debt and boost investment, including a plan revealed today for selling Mr Kipling cakes in the United States.

And with more people expected to continue working from home, the longer-term demand outlook for Premier's wide-ranging portfolio remains promising.

Jefferies analyst Martin Deboo said: “Premier is clearly enjoying a good war. However, this is more than just a bubble economy.

Today's quarterly sales growth figure was significantly ahead of Deboo's 5.2% estimate, driven by momentum in UK groceries and a better-than-expected result in the branded cakes division. Trading profits are now expected to be between £145 million and £150 million in the year to March, compared with Deboo's initial forecast of £144.8 million.

He added: “Sustained improvement in household penetration, market share and brand investment, which is collectively delivering both growth and debt reduction, is laying the foundations of a better and more conventionally-financed Premier Foods.”

Premier shares recently broke above the 100p level, having languished in a zombie-like state below 50p for the period between 2016 and 2019 due to high levels of indebtedness. The share price rose 165% in 2020 and is currently up 390% since the market low in March.

Underneath that balance sheet millstone, however, analysts believed a strong business was seeking to show its true value. That's been unlocked by chief executive Alex Whitehouse, although he owes some of the recent success to initiatives prior to his appointment in August 2019, such as the rebranding of the Mr Kipling cakes business.

Just as important as the trading improvement has been a landmark agreement with trustees for the merger of three pension funds, resulting in a substantially improved funding situation.

Profit-taking by investors today saw shares fall back 4.4p to 103.6p, even though Whitehouse said the third quarter had been “another period of exceptional growth”.

He added: “Looking to the remainder of the (financial) year, out of home eating is likely to remain heavily restricted and we therefore expect to see continued high levels of consumer demand for our products.”


Peel Hunt recently named Premier as one of its 31 value stocks for 2021, even though it rose by 165% in the previous year. The broker today increased its price target by 5p to 130p and also upgraded its 2021 profits estimate by 5% to £105 million.

Analyst Charles Hall added: “The renewed lockdown is likely to extend the positive performance in the short-term, but we see potential for some of the themes to be longer lasting, with more people working from home, an increase in cooking from scratch, greater online penetration and a strong base for growing international.”;
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Posted at 06/11/2020 13:26 by thirty fifty twenty
just to clarify re Hovis....

my understanding, given that Hovis is a 49% associate that PFD had no influence of control in , means that it did not show at all in PFD balance sheet. PFD accounted for it as an investment and adjusted the value of that every year (if needed). it had not seen the need to adjust from zero value up to the latest accounts.

so the benefit for PFD will be 37m CASH + c.7.5m loan repaid + c.1m interest

yes Shanklin, i agree, as well as paying a big chunk of debt it will then be able to refinance much lower. e.g. note the recent loans refinanced this year... the interest saving there was c.5% a year i believe

All IMHO, DYOR BoL
PFD is in my top5 hldgs
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