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?

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.

120p good do nicely if soon >>>>>>>>.....

Guardian market report:

"...Finally Premier Foods, the business behind Batchelors, Oxo, Hovis and Mr Kipling, put on 6p to 77p on vague trader talk of possible bid interest, with a price of some 120p mentioned. The company's substantial shareholders include private equity group Warburg Pincus and hedge fund Paulson & Co. Last week it announced a reorganisation of its milling business, including the closure of its Barry site.

"There were also reports that Premier had devised a plan to raise money from suppliers who wanted to do business with the company."

http://www.guardian.co.uk/business/marketforceslive/2013/jul/15/ftse-100-royal-bank-scotland-lloyds-barclays

another strong start of the day 81.50p +4.50p , with large volume 1.6m already

Taken some off of the table here - currently in auction +13%.

bought in at 77p went to the shops to buy some plants set a stop loss at 85p duhhhh.
cest la vie.

Still a 10% profit!

Back to support and rising again

some sold below this price 85.50p, I did not wait for more