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?

Gl to them but cant help wondering it will all in tears.

.

The Market Cap at the current share price is 103m so he can almost buy the company outright !

Seriously though, are Premier going bust ?

50/50 chance.

My views are unchanged since post 19 - and look at the volume since then.

The way this going they will be gone by Friday.

these could fall to 1p by Friday... or less.

correct mitzy - unofficially pfd is in negative equity - i.e. its sp is really negative - i.e. worth less than zero!

the company according to firm chatter has all but had it

only chance apprently if private equity snaps the company up at less than a penny

would suggest the exit turnstiles will be spinning for sometime here

But what about my HOVIS!!!

.

lol yes the HOVIS!!! seems to have gone a bit stale!!

Well, up by 12.5% today !!

Is this the start of a small rebound?

Many people think this latest drop has been way oversold and at this price the bounce percentages are massive.

Some say "gone by Friday" - Others say up 50% by Friday.
I guess we just have to wait, but I couldn't resist a small punt.

Peter

Wants to bounce again today, plenty of buying and most likely some of the shorters are closing after 2nd day on the UP.

Bought some earlier on as the order book is strong also

spread now 4.38 / 4.40p +0.23

4.52p +0.36p

it looks like finally want to break the 4.50p

God save our HOVIS!

Lol.

From The FT:

"...there [is] a political dimension in the current climate, politicians would be unwilling to let banks pull the plug on the UKs biggest food manufacturer."

http://www.ft.com/cms/s/0/bbbdc286-f4e8-11e0-ba2d-00144feab49a.html#ixzz1afr6z468


Having read the full article I think there may be a lot of sense in this quote from it.

Politically it would be an unmitigated disaster for Cameron & his austerity program if the UK largest food producer went under.
I feel a very big bounce coming!!

Yes - save our HOVIS :-)

i would urge caution to anyone considering nuying here - it is really negative sp in terms of value - that political stuff was rumoured last week but that has happened before to other companies and did not stop them going to the wall

however i like my HOVIS lol so if the HOVIS dough continues to rise good for them - bit incredible though

will the gov put their hands in their pockets to help? that is literally what is needed as pfd is in the knackers yard otherwise imo

gla

sorry buying not nuying