Does anyone know this company? It was highlighted in this weekend's paper and I wonder if it is about to fall a lot more ( eg with the prospect of a Rights Issue, etc), and that might be a good time to get in - when they have some cash.

Are they beholden to Supermarkets, I wonder - could this mean they have little "pricing-power"? - That's something that any go-go business needs, perhaps along with a USP - although this is hardly likley in the "food" industry, is it?

Norges bank > 5%.

Hovis’ Farmers Loaf hits shelves

Premier Foods is launching a premium, British-inspired bread product under its Hovis brand this month.

The new British Farmers Loaf aims to offer a ‘home-baked’ style loaf featuring a traditional overhang shape, baked in Hovis-embossed tins with a flour-dusted crust. It will be available in 800g white and wholemeal versions from April at an MRRP of £1.40.


Sainsbury's is flying the British flag at every opportunity

18 April 2012

Notification of Forthcoming Event

The Interim Management Statement for Premier Foods for the 3 months to 31 March 2012 will be released at 7.00am on Wednesday, 25 April 2012. This will be followed by a conference call for investors and analysts at 9:00am, the details of which are outlined below.

IMS tomorrow (ABF reported today).

Interim Management Statement

Highlights

· Group sales of £427m up 1.3%
· Power Brand sales increased 3.7%
· Marketing investment behind eight Power Brands continues
· Cost reduction & restructuring programme on track
· Full Year expectations unchanged

Reads well - seems the ship is now nicely on keel. We should see a gradual rise in SP to 250p by the end of the year following consolidation on 3 May

Investec reiterates it's Buy TP 20p

Only up 869%

http://www.moneyam.com/action/news/showArticle?id=4362464

Wow at one point I thought I was going to lose my house on this one....

Starting to perkup after a negative opening.

In auction - down another 10%.

Quite a turn around here today.

so the consolidation plan worked really well then.........
'...to reduce the volatility of the share price....'

I got stopped out as it opened after consolidation - I had a row with the broker because as far as I was concerned - it never hit my stop price. Quite fortuitous as it turned out.

Still watching and in a similar vain FIF.

Very disappointing how it's turned out but not surprised!... I always look upon a consolidation as another way the mm's can reduce the sp... never really seen a consolidation sp go up!. very cynical way of looking at it but more often than not it's ture.

Hasn't helped that the market backdrop is appalling..disaster in fact.. can only see the sp drifting down further... can't see any improvement in sales/revenue coming thru either.. so will need to see very good deals done on the fringe brand sell-offs/ wouldn't be surprised to see another round of cost reductions announced in the next 6-9months as sales / reveunes fail to meet expectationsetc..

hope I'm wrong on all this but can't see it for a while I'm afraid. ..will put this on the back burner for a year - then see what happens ! (imvho)

Grim isn't it!

1st June 2012

PREMIER FOODS CHAIRMAN TO STEP DOWN

Premier Foods ("the Company") today announces that Ronnie Bell has informed the Board of Directors of his intention to step down as Chairman of the Board with effect from 1st June 2012. The Board has appointed its Senior Independent Director, David Beever, to take on the Chairman's role upon Ronnie's departure.

Ronnie Bell's decision to step down reflects a desire to focus on his other business and governance commitments, having successfully put in place a new management structure at the Company and overseen the negotiation of new financing arrangements, as well as the development of a strategy to restore profitable growth.

Commenting on his decision, Ronnie Bell said:

"I'm delighted that we now have the right management, strategic and financial foundations in place to drive Premier Foods' return to growth. Having set a course to turn the company around, I believe it is an appropriate time to step down.

"I'm confident that with Michael Clarke at the helm, the company has a bright future. I'm also very grateful to David Beever for stepping in as Chairman to ensure the necessary continuity"

David Beever commented:

"The Board would like to thank Ronnie for his leadership over the last 21 months.

"I have agreed to take on the Chairman's role on an interim basis while the Board comes to a view on a permanent successor. My priority is to support Michael and the management team to continue building our organisation and strategy to restore profitable growth."

The Board has appointed non-executive Director, Ian McHoul, to take over as Senior Independent Director once David Beever becomes Chairman.

Ends

No shit sherlock - Premier Foods chairman departure not helpfull

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