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?

Premier Foods plc (PFD)Jan 18, 2013 Analyst Comment by Martin Deboo at Investec Securities

Meanwhile, Investec Securities analyst Martin Deboo noted that the firm's "surprise" fourth quarter update indicated that trading during this critical period had been in line with management expectations. more
For 2013, the analysts predicted current pre tax profit of £58M and earnings per share of 18.3p, as the manufacturer continued to face considerable remaining debt and pension responsibilities. Shore Capital retained its ‘Hold' advice on Premier Foods' stock. Meanwhile, Investec Securities analyst Martin Deboo noted that the firm's "surprise" fourth quarter update indicated that trading during this critical period had been in line with management expectations. Deboo estimated that the manufacturer makes about 40% of its profits during the fourth quarter. "Given Premier Foods' heritage as serial disappointers on trading, we view this as reassuring, but note that plenty of challenges remain," said Deboo

Directorate Change

PREMIER FOODS ANNOUNCES APPOINTMENT OF GAVIN DARBY AS CHIEF EXECUTIVE OFFICER TO CONTINUE TRANSFORMATION

Premier Foods today announces that, following receipt of Michael Clarke's resignation, its Board of Directors has appointed Gavin Darby as Chief Executive Officer with effect from 4th February 2013.

Gavin Darby has a strong consumer goods pedigree and extensive senior executive experience. He spent fifteen years at the Coca-Cola Company in senior leadership roles before moving to Vodafone in 2001, where he was latterly CEO for its non-European joint ventures, the fastest growing segment of the company. His most recent role was as Chief Executive Officer of Cable & Wireless Worldwide plc, which he successfully turned around before negotiating its eventual sale.

This appointment follows Michael Clarke's indication to the Board that, having delivered the initial turnaround of the Company and set a course for future sustainable profitable growth, he was potentially considering moving on to pursue other business opportunities.

Michael Clarke will step down from the Board with immediate effect and has agreed to remain available to the Company until mid 2013 to ensure an orderly handover to his successor.

Skinny,

I wish you had posted the above on Friday.

I was spike out this am.

Thought about going back in, but thought that felt a bit like trying to prove myself.

Had a target of temporary target of 130, but thought it worth a lot more.

Something to watch for a while.

Sorry Fred :-)

I've had a S/B dabble @108.

Not sure how to read it?

1) proved himself and moving on to pastures green and more "fun".

2) appears to have proved himself and getting out before the boat sinks.

3) has a better off somewhere in the sun

must keep my hands in the cuffs for a while.

But just bought a few EMG to compensate.

Time again to watch and wait.

There is plenty of space between 120-130+

Broker Ratings from yesterday updated,
dont look at all bad.

Premier Foods Broker Views
Date Broker Recommendation Price Old target price New target price Notes

28 Jan Credit Suisse Neutral 0.00 120.00 120.00 Retains
28 Jan Shore Capital Hold 0.00 - - Reiterates
28 Jan Investec Buy 0.00 - - Under Review


N@P building Society.

Ooops.

RNS Number : 6312W

Office of Fair Trading

29 January 2013

The OFT has published the text of its decision on the anticipated acquisition by Mizkan Group of the sweet pickles and table sauces business of Premier Foods plc which was found not to qualify. This decision can be found on the Office of Fair Trading's website at www.oft.gov.uk.

I stayed out.

Just watching.

The firm said Clarke, who was praised for reviving sales and cutting debt, had resigned on Sunday. He indicated at Christmas that he was thinking about moving on after turning the company around.


He will be replaced on February 4 by Gavin Darby, the former boss of Cable & Wireless Worldwide who has 20 years' experience at brands such as drinks giant Coca-Cola and mobile phone group Vodafone.


Premier chairman David Beever said he was the outstanding candidate for the position.


He said: "Mike has done a great job and we are disappointed he is leaving without driving the business forward. There has been no bust-up.


"However, we are thrilled about Gavin, who knows how to grow businesses. We have lost a good chief executive but hope we have got a great one."

ENOUGH OF WATCHING AND TIME TO BUY

on the bounce after yesterday's pause of falling

Is going places since earlier on

next target 90p, but I wonder at this rate is going to reached there today

And what a day finished at 89.75p but the UT was above 90p

Final Results

· Underlying sales, excluding Milling, up 3.2%
· Power Brand sales up 2.1%
· Grocery Power Brand sales up 4.0%, delivering four successive quarters' growth
· Underlying business Trading profit up 10.6% to £123.4m
· Operating profit £96.3m
· Planned disposal target exceeded by £40m and 20 months early
· Cost reduction programme delivered £48m savings to date, ahead of plan
· Net debt reduced to £950.7m

Rising another 3p so far after the good figures

Finishing around the best of the day, augurs well for tomorrow

I looks like retracemnt done, today is the day for better things so aimimg for 95p next target to break

Starting to look interesting again.

Interims on 23rd.

Bouncing from support 60p, next point to break 75p.

Looking more interesting today - FIF read across.

Just added here.