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?

Credit Suisse note today:
"■ A very disappointing Q3 and outlook statement sees Premier Foods warn that profits are set to be 10% below consensus. We lower our estimates accordingly and price target to 43p
■ Q3 sales were down 1% rather than the modest increase that had been expected post H1, with Q3 volumes up 3.4% but price/mix -4.4%. No full year sales guidance is now offered (at H1 the group was expecting +2-4% in H2) , but the group expects the immediate trading backdrop to remain challenging.
■ The group highlights in Grocery a shift in promotional trends in the trade away from multi-packs putting corresponding pressure on volumes - to offset this price promotions were put in place but this has had a marked impact on profits. In Cakes Kipling has lost ground to own label. In general, market shares haven't fallen, the group sees this as market not market share driven
All this is taking place against a backdrop of significant input cost pressure which is beginning to feed into the P&L. The group is mitigating where it can but along with many in the UK is seeking price increases (of mid single digits we assume). In the current climate some lag in gaining these increases is inevitable.
■ Expected year end debt of £525m is not much different to the £521m we had. The group has identified a further £10m of cost savings for 2017/18 and the same again in the new year, largely it seems from merging the supply chains of the two divisions.
■ It is very disappointing to report this continued decline in sales despite all the efforts of the company. £10m cost savings in each of the next 2 years may help protect profits to some degree, but is set against the on-coming input cost inflation. The investment case needs sales growth and that continues to prove elusive."

I just spotted this thread. I was considering this share, but it seems PFD have not sorted out their problems.

I held this share a long time ago, but "cut my losses" when it was revealed that they had to supply food to the supermarkets "under cost" - which is a bad business model.

It is a shame that after all this time they are unable to change the model and I find a realistic way forward to turn things around faster.