Premier Foods Share Price (PFD)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Premier Foods	LSE:PFD	London	Ordinary Share	GB00B7N0K053	ORD 10P

	Price Change	% Change	Share Price	Bid Price	Offer Price	High Price	Low Price	Open Price	Shares Traded	Last Trade
	+0.25p	+0.63%	39.75p	39.50p	39.75p	40.00p	38.00p	38.00p	236,137	12:37:37

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Food Producers	790.4	12.0	0.7	56.8	330.90

Related Shares
Unilever (ULVR), Associated British Foods (ABF), Walcom (WALG), Hidong Estate (HID)

Premier Foods (PFD) Latest News

Premier Foods News

Date	Time	Source	Headline
17/8/2017	12:32	UKREG	Premier Foods plc Holding(s) in Company
09/8/2017	09:00	ALNC	Premier Foods Picks easyJet's Keith Hamill To Take Chairman Role
09/8/2017	07:08	ALNCF	Alliance News Flash Headline
09/8/2017	07:00	UKREG	Premier Foods plc Appointment of Chairman
01/8/2017	09:30	UKREG	Premier Foods plc Total Voting Rights
20/7/2017	15:48	UKREG	Premier Foods plc Result of AGM
20/7/2017	10:14	ALNC	Premier Foods First-Quarter Sales Fall But Expects To See Improvements
20/7/2017	07:00	UKREG	Premier Foods plc Q1 Trading Update
11/7/2017	14:24	UKREG	Premier Foods plc Remuneration Committee Membership
04/7/2017	10:42	UKREG	Premier Foods plc Notification of Trading update

More Premier Foods News

Premier Foods Takeover Rumours

Premier Foods (PFD) Share Charts

1 Year Premier Foods Chart

1 Month Premier Foods Chart

Intraday Premier Foods Chart

Premier Foods (PFD) Discussions and Chat

Premier Foods Forums and Chat

Date	Time	Title	Posts
16/8/2017	15:36	Premier Foods - Charts & News	19,844
22/4/2016	16:32	* WARNING * Sell Premier Foods while you still can !	72
24/8/2015	09:02	Premier Foods (Positive News, Moderated) FEB 2013	1,196
27/4/2014	12:21	Premier Foods PLC -	30
26/7/2013	11:21	Premier Foods	-

Add a New Thread

Premier Foods (PFD) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
11:32:48	39.53	100	39.53	O
11:29:55	39.75	3,955	1,572.11	AT
11:29:55	39.75	241	95.80	AT
11:29:55	39.75	219	87.05	AT
11:29:55	39.75	202	80.30	AT

View all Premier Foods trades in real-time

Premier Foods (PFD) Top Chat Posts

Date	Subject
23/8/2017 09:20	Premier Foods Daily Update: Premier Foods is listed in the Food Producers sector of the London Stock Exchange with ticker PFD. The last closing price for Premier Foods was 39.50p. Premier Foods has a 4 week average price of 38p and a 12 week average price of 38p. The 1 year high share price is 57p while the 1 year low share price is currently 38p. There are currently 832,441,346 shares in issue and the average daily traded volume is 939,400 shares. The market capitalisation of Premier Foods is £330,895,435.04. Read Full Thread Reply
09/3/2017 09:40	grabster: My expectation is that the share price, regardless of momentary upward spikes, will sink to 30p this year. The cost of advertising and promotion will continue to be a killer - and none of the supermarkets will do Premier any favours. Read Full Thread Follow Reply
23/1/2017 23:02	yinyang888: grabster, why don't you short pfd then? let's see what the share price will be by the end of the year! Read Full Thread Follow Reply
25/10/2016 10:31	grabster: Share price that has continued drifting down has dived faster this morning. Wassup now? Read Full Thread Follow Reply
12/10/2016 10:18	boffster: Another lousy update from this company which never fails to disappoint. If not for the recent bid interest the share price would be down at 25p. I would suggest current holders might consider capitalising on this disparity, as I can see nothing to drive the share price forward in the medium term. I very much doubt that McCormick or anyone else will be back to bid for this, with declining sales and a still huge debt Read Full Thread Follow Reply
12/10/2016 08:57	scemer: Grabster when it's warm do you have lots of hearty meals? They are not wizards you know.yes we all want the share price up but this company has come a long way Read Full Thread Follow Reply
15/9/2016 21:44	miikke: This looks as though some are beginning g to speculate on a new offer for the company or the management have really started the turnaround - either way the share price is now looking healthier again- any views? Read Full Thread Follow Reply
08/9/2016 21:46	coolhandfluke: I can,t see any takeover on the cards other than possibly the Japanese? I believe the current management are already bringing out the real value of the company to the shareholders advantage. Pre consolidation this share price is only 5.3p so we have a long way to go to reach a fair valuation. Read Full Thread Follow Reply
19/5/2016 15:27	dexdringle: I suspect McCormick weren't interested in a hostile takeover. Quite why the board of PFD thought than an offer at around a 100% premium to the share price beforehand "undervalued" the business I don't know. What the hell do they think the shares are worth - and what is their plan to achieve that ? Presumably, if it is so clear that the shares are worth more than the McCormick offer, we should be looking at amazing news that will mean the share price is more than 65p within the next, say, 3 to 6 months..... Read Full Thread Follow Reply
08/10/2014 19:34	baron83: Broker Jefferies today (some snippets): - Valuation/Risks We value PFD on a target EV:EBITDA multiple of 9x (was 9.5x). After allowing for debt & the pension deficit, this projects a fair value on the equity of 60p in round numbers. Risks to our PT include the UK retail price environment UK pension macros. - How much damage is being done to PFD by the UK supermarket ‘price war?’ Very little to date. PFD shelf pricing remains resilient. The problem is one of volume, not pricing. We continue to think that branded ambient grocery is not in the retailers’ price cut crosshairs and is, if anything, cross-subsidising deep price cuts elsewhere. However the fast-degrading environment for the big 4 and the imponderable of Tesco’s ‘strategic review’ on 23 October leaves no room for complacency. The evidence persists that there is no – repeat no – downward pressure on the shelf prices of Premier’s Power Brands. If anything prices have risen by 5-10% of so since the Spring trough. It’s also the case that Morrisons – the most aggressive price cutter in the Big 4 thus far on an across-the-board basis – have increased prices on Premier’s brands slightly faster since the Spring trough. This supports our thesis that the ‘price war’ is taking place is proportionately in categories such as Fresh Fruit & Veg, fresh meat & poultry, Dairy and Bread2 , with branded ambient grocery being treated as a ‘banker’ category with no or few price cuts. - Can FY14 profit guidance be delivered? Yes, despite what the share price seems to be voting for. PFD left FY14 trading profit expectations unchanged at H2, which has led to a current consensus of £138m. We continue to see this as achievable. However much rests on H2 weather, new launches and an unchanged pricing climate. Ultimately we opt for prudence in the face of the storm and trim our forecast to £135m. Exhibit 7 sets out our analysis of the ‘moving parts’ the FY14 Trading Profit (EBITA) equation. The big picture remains the same as at H1. Expected good progress on Manufacturing Controllable Costs (MCC) and Procurement, plus positive mix benefits from the slower decline of Power Brands relative to Support Brands and Own Label, should deliver substantial positive benefits. Against this Premier have guided to a ‘double digit’ increase in marketing and should see some sharp volume de-leverage (where we assume a 50% contribution margin on lost volume). A sanity check on our forecast would be that our implied organic movement in gross profit is about £8m3 , which equates to a c.100bps improvement in gross margin. This compares to an improvement of 150bps in H1. So our numbers in could be conservative, particularly as we expect an even more benign input cost environment in H2 Purely and simply, it’s a question of being appropriately prudent in the face of the perfect storm. We can’t rule out that Premier might still deliver £140m of trading profit in FY14. But neither can we rule out that they might come under renewed volume and pricing pressure in Q4, or that new launches might disappoint, or that the weather might be unseasonably warm in Q4. Given that what follows this section is some fresh fundamental valuation analysis, we judge it preferable to ground this on some suitably conservative and achievable forecasts. Can the shares go any lower? It’s possible. Both the equity and enterprise valuations have been lower than this. But only during periods of acute financial distress and uncertainty. Despite the difficult near term outlook, we continue to think that PFD is undervalued at this level. The shares are under fresh pressure as we write and are down by 70% from their post-refi peak. The result is that Premier is trading on a prospective 12 month PER per the FactSet consensus of 3.5x. The market cap of £270m is less than the value of the rights issue in March. What will it take to make them go higher? A return to growth and/or better UK pension deficit macros, in a nutshell. We think the upside sensitivity to both is substantial. But we don’t expect either of these catalysts to materialise until well into 2015. Premier’s equity remains volatile and heavily sensitised to small changes in its Enterprise valuation. Every half a turn on or off the EV:EBITDA multiple will move the share price by 30%, up or down. Even without any change in the Enterprise multiple, the fact that Premier should be paying down its debt at an average rate of c. £50m pa by FY15 onwards should deliver a c.20% return to equity (the corollary of a c.20% Free Cash Flow yield). But in the current climate we suspect it will take time for the market to capitalise this into forecasts. Aside from organic debt paydown, there are to our eyes only two things that can increase the equity value: a higher Enterprise valuation or a lower pension deficit. Exhibit 9 explores the former by looking at the relevant peer comparables on a conservative basis including IAS19 deficits. Premier remains towards the bottom of the peer group and is on a slightly narrowing premium to Dairy Crest, which is heavily exposed to commodity milk and very much in the price war crosshairs. We continue to think that a modestly growing, de-leveraging Premier should be capable of trading at a modest discount to Britvic, which is similarly a UK-centric, primarily branded player. This leads us to adopt a target valuation for Premier of 9x EBITDA. This represents a half a turn reduction in our target multiple, from 9.5x, reflecting multiple compression for Britvic and the broader peer group. If the market was prepared to value Premier at 9x EBITDA this would double the equity value to £510m, equivalent to a share price of 62p. GLA twitter: @barondaytrading Read Full Thread Follow Reply
29/6/2012 16:24	jimrclark: Just been reading some articles on this LIBOR fiasco. Having spent quite a few years in financial services, it isn't surprising that this kind of activity went on. What is a surprise is that someone has been bold enough to investigate and blow the whistle. I wouldn't want to suggest that the whole system is corrupt but there are plenty of people who act without scruples and for personal gain. It makes it really difficult for minnows like us to succeed on what is not a level playing field. I've been investing for a few years and some events make you scratch your head in complete puzzlement. The recent cw. takeover by Vodafone is a prime example. How on earth was the cw. share price maintained at below 38p without manipulation? When you look at the pfd share price over the last year, the pre-consolidation share price and the share price today, the volume of trades, the lack of bad news, the encouraging signs from pfd management, you just have to wonder if the share price has been manipulated down!! Read Full Thread Follow Reply

Premier Foods share price data is direct from the London Stock Exchange

Your Recent History

LSE

GKP

Gulf Keyst..

LSE

QPP

Quindell

FTSE

UKX

FTSE 100

LSE

IOF

Iofina

GBPUSD

UK Sterlin..

Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

ADVFN UK Investors Hub ADVFN Italy ADVFN Australia ADVFN Brazil

ADVFN Canada ADVFN Germany ADVFN Japan ADVFN Mexico

ADVFN France ADVFN US Finance Manila

P:31 V: D:20170823 12:06:04