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?

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

Half Yearly Report

Half Year results for the six months to 30 June 2013

Trading profit up 50%, Full Year expectations raised

· Grocery Power Brand sales up 4.0%, delivering six successive quarters' growth
· Underlying business Trading profit up 50% to £47.4m
· Bread restructuring programme well ahead of plan
· £20m SG&A cost savings activity delivered
· Additional £10m annualised complexity cost savings to be delivered in H2
· FY 2013 Trading profit expected to be around the top end of market expectations
· Recurring cash flow guidance for 2013 raised to £50-70m

Extended auction

Excelent update. Cheers Skinny.

Prime Markets Buy 92.00 85.00 100.00 100.00 Reiterates

Shore Capital Hold 92.00 85.00 - - Reiterates

Investec Buy 92.00 85.00 95.00 - Reiterates