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?

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

Premier Foods: Interims – Broker views

23rd July 2013, 14:35

Premier Foods [LON:PFD], the maker of food brands such as Hovis, Bisto and Mr Kipling's exceedingly good cakes, published its interim management statement, today, which revealed a 50% increase in trading profits for the six months to 30th June.

Investec viewed the results as “very strong” and reaffirmed its ‘buy’ recommendation and while the broker has placed its price target ‘under review’, it expects to upgrade its forecasts and target.

Shore Capital also took the results as “good news” but stuck with its ‘hold’ call, repeating its concerns over the sustainability of the balance sheet and believing news of a capital restructuring to be the “big event” for the broker.

Meanwhile, Richard Curr at Prime Markets placed a ‘buy’ rating on the shares, setting a price target of 100 pence a share.

Curr said: “The boost from today's market-beating results & restructuring update should in the view of Prime Markets comfortably propel the shares back to 100p in the coming 2-4 weeks.”

Investec Buy 89.63 87.25 95.00 120.00 Reiterates

Volume and rising is the clue for a Break out now ready to do
hoping for tomorrow


red line 200 day MA

BREAKOUT has happen on moving over 95.50p intraday high yesterday

Wrong thread!

Looking good and getting close to the gap.

Nice chart.