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?

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

SP 144p down 6%

Never did buy back!

Looking at technicals the SP as hit September
support. The RSI backs this up. April 2012 support hit aswel.

Certainly looks well oversold.

Holding steady at 150p.

sp falling like a stone 133p when will it reach the bottom of the well?

Thought Id got away this year without a big loser, normaly have 2 per year.

Sh-t, never mind cant take the gloss off the best year since 2003.

In hindsight the stock fundy wise was too hot.

Best just to flog them forget and move on, no good brooding over a loss.

Get on with the business and dont look back. BUT take note at what you did wrong and keep that info upstairs.

Hi GF
You have to make a few mistakes now and then!! I think it would be interesting to find out what has gone wrong here. I know they have debts and tired brands but that has been out in the open for years and should be in the price.
Good trading is to cut your losses!! Ouch!

It seems today was the turning point so the buy note is back on the desk this afternoon
Yesterday tried but fail by the end of the day

Premier Foods plc

Statement re: Press reports

Premier Foods plc ("the Company") notes the recent press reports regarding potential investment in its Bread business. The Company confirms it has appointed Ondra Partners to assist in developing investment options for the Bread business, which include co-investment by a partner. There can be no certainty that a transaction will follow at any point in the future, but the Company will provide updates as appropriate.

Ends