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: 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.

It seems I timed the buy again at the right time

It needs to get to @117.25 to close the gap.

Gap closed for now!

Almost there..

No excuse for posting this again.

Credit Suisse Outperform 124.00 124.00 100.00 155.00 Upgrades

High of 139.75p this morning.

Q3 Interim Management Statement 31 October.

High of 145.25p today.

High of 152.00p today.

New 18 month high @156.00p

Closed @159.625 - hope to buy back on any retrace.

Standard Life Investments Ltd < 6%

Investec Hold 154.50 153.75 120.00 160.00 Downgrades