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
  0.00 0.0% 106.80 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
106.80 107.40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 947.00 122.80 12.50 8.5 910
Last Trade Time Trade Type Trade Size Trade Price Currency
17:36:49 O 24,934 106.868 GBX

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Date Time Title Posts
30/5/202111:36Premier Foods - Charts & News20,292
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 Daily Update: Premier Foods Plc is listed in the Food Producers sector of the London Stock Exchange with ticker PFD. The last closing price for Premier Foods was 106.80p.
Premier Foods Plc has a 4 week average price of 103.20p and a 12 week average price of 92.60p.
The 1 year high share price is 114.80p while the 1 year low share price is currently 60.80p.
There are currently 852,384,147 shares in issue and the average daily traded volume is 1,686,092 shares. The market capitalisation of Premier Foods Plc is £910,346,269.
clanger66: Jefferies have raised price target to 130p from 110p. Rate a Buy.
redalert: bond pricing will give 8m saving so pfd have upgraded their profit forecast
cravencottage: Results due on Weds 19th May. Shame I can't buy any PFD @50p ;-0
cottlet: I was wondering why PFD cant get over £1 quite frustrating! shall I quit or wait longer???
estienne: share price falling on the news
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.”;
lammylover: I've just voted for the proposal to approve a capital reduction. - This is recommended by the Board. Proposal is to use the £1,409.8m positive balance in the Company's share premium account and transfer to the P+L account. This will eliminate the P+L deficit, creating additional distributable reserves for the company. There is no dilution in the number of shares or any new shares to be issued. As the share premium account is an "undistributable reserve", the purposes for which it can be used are extremely restricted hence the need for a vote. The vote requires 75% of All shares held to vote for the proposal to get it passed. SO EVERY VOTE COUNTS!!! The deadline for this vote is SAT 9 JAN AT 11AM Gen Meeting to review results / proposal is on Monday 11 Jan and if vote succeeds, PFD will need to prove to the courts that there is no increased risk for creditors etc. A court hearing is pencilled in for 9 Feb. Personally I'm happy for this change, hence my vote. PFD have made major strides in improving results and in particular reducing debt in last year and this next step, can only be the right thing to do IMO to get share re-rated and potential for dividend.... Rich
lammylover: Q3 results due out on the 19th January. Share price is primed to move up back to 110p (year high price following HY results to end Sept) We know that the winter months are always PFDs best due to the product mix, seasonal mince pies etc. This year will be best ever with the lockdown in November / December and people still working from home; pubs / restaurants locked etc. A strong buy currently at 88p for 25% upside for swing traders to 110p or more likely 35% upside for investors looking for 120p+ as debt is further reduced and profit margins improve. Good luck all holders!
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
thirty fifty twenty: Shaklin.. i think that when originally disposed there was c.15m was deferred. after a few years this was written off in PFD books as they saw it was unlikely this deferred money would get paid. It was thus a very pleasant surprise when in last year's results PFD said that Hovis had actually re-paid (i think) half of this deferred amount as Hovis was now profitable. it showed as an exceptional gain of £7m in the results. So, if my recall of numbers accurate, there was a further 7.5m of loan notes outstanding - these were on the balance zero at zero value. regardless however these are amounts owed FROM the business, the disposal is about the price FOR the business. I am surprised that figure is only 37m when figures of 100m and even 150m had been circulating. Hovis as we know is trading very very strongly in current times. Still in the scheme of an 800m MV and 400m of debt whether PFD gets 37m or 50m for Hovis is not really that material. We do know that the disposal will reduce debt by 37m + [7.5m] deferred loan repaid + interest thereon [my est 1m+]. So that is >10% of there debt paid off from a business that did not contribute to profits and had zero value balance sheet. All IMHO, DYOR + BoL PFD is in my top5 hldgs
Premier Foods share price data is direct from the London Stock Exchange
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