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?

I somehow doubt it Skinny.

Just look at the charts mate.

Someone knows something that we don't know to warrant this kind of share price movement. I suspect an upcoming sale of assets to Associated British Foods (ABF). They have already sounded out an "interest".

Agreed some that got in at the bottom will jump ship. But there has to be some kind of solid foundation for a rise like this to happen in the first place.

I would say when the weekend press get hold of it and the armchair investor reads all about it, Monday will see yet another strong rally.

I might even close today at this rate.

Just sold half @6.9068 + 2.8301. + @70% (ish).

Premier Foods soars 40pc on director buying
Ben Harrington, 18:52, Friday 11 November 2011

Premier Foods (Xetra: A0B7GL - news) surged 40pc as the London stockmarket rallied on hopes the Eurozone debt crisis may be contained.

The beleaguered food company, which has seen its share price fall from a high of 35p earlier this year, was in demand after several directors revealed they had been buying shares in the business.

Yesterday, Premier Foods said Bob Spooner, group supply chain director, had bought 300,000 shares at 4.45p and Mark Hughes, group procurement director, had snapped up 150,000 shares at 4.86p. Mark Vickery, group change director, also bought 82,947 shares at 5.98p while Iwan Williams, managing director of Bakery, purchased over 1.1m shares at 3.85p.

The wave of director share buying came after the company said earlier this week that its banking syndicate had agreed to defer a covenant test scheduled for December 31 as discussions around refinancing the company's debt continue.

That led to an upgrade from Investec (Frankfurt: A0J32R - news) to "buy" from "hold" with a target price of 15p.

"We think the market has under-appreciated the significance of the covenant deferral," said Investec, adding "we think there is a plausible equity value of 20p in six months." Premier Foods climbed 1.9 to 6.4p

Oops - Botulism warning over Loyd Grossman food sauce

Up another 12.5% today.
This one is flying on a daily basis now.
What next? I think at least 10p, but DYOR

KEEP an EYE

5.30p ( 5.255 / 5,345p )

Had a large drop a bit earlier after being at 7.46p and now is back up

>

Hmmm - UBS downgrades Premier Foods to sell Mind you it is only UBS.

pfd is a real dangerous place to be right now - pfd is really effectively worthl very little - 2p is probably generous - but gl to any in still

i would imagine pfd needed the grossman botulism episode like a whole in the head - did you know that only 500g of the stuff is all that would be required to wipe out the human race if untreated - that is how dangerous it is - gla

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lol nm - i can see you are a fan of his tooo!!!! :-))))

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UBS 2p target seems about right.

Do you allways talk from your back side, in less than 24 hours you have changed your mind .......

mitzy - 11 Oct 2011 12:35 - 21 of 95
The selling seems to have stopped so could be a good time to invest.

mitzy - 12 Oct 2011 09:52 - 31 of 95
The way this going they will be gone by Friday.

mitzy - 14 Nov 2011 15:02 - 95 of 96
UBS 2p target seems about right.

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Afternoon Master.

lol.

another fool on the pan "mnamreh" needs glasses

11 oct saying buy
12 oct saying gone

mnamreh - 14 Nov 2011 16:20 - 97 of 99
?? 12th OCT to 14th NOV ??

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3er SEX lady (mnamreh ) needs cucumber, men's private parts not good she says.

do you know what a real "COWARD" is?

...the person that can not face something that has done wrong

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