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?

Investec reiterates it's Buy TP 20p

Only up 869%

http://www.moneyam.com/action/news/showArticle?id=4362464

Wow at one point I thought I was going to lose my house on this one....

Starting to perkup after a negative opening.

In auction - down another 10%.

Quite a turn around here today.

so the consolidation plan worked really well then.........
'...to reduce the volatility of the share price....'

I got stopped out as it opened after consolidation - I had a row with the broker because as far as I was concerned - it never hit my stop price. Quite fortuitous as it turned out.

Still watching and in a similar vain FIF.

Very disappointing how it's turned out but not surprised!... I always look upon a consolidation as another way the mm's can reduce the sp... never really seen a consolidation sp go up!. very cynical way of looking at it but more often than not it's ture.

Hasn't helped that the market backdrop is appalling..disaster in fact.. can only see the sp drifting down further... can't see any improvement in sales/revenue coming thru either.. so will need to see very good deals done on the fringe brand sell-offs/ wouldn't be surprised to see another round of cost reductions announced in the next 6-9months as sales / reveunes fail to meet expectationsetc..

hope I'm wrong on all this but can't see it for a while I'm afraid. ..will put this on the back burner for a year - then see what happens ! (imvho)

Grim isn't it!

1st June 2012

PREMIER FOODS CHAIRMAN TO STEP DOWN

Premier Foods ("the Company") today announces that Ronnie Bell has informed the Board of Directors of his intention to step down as Chairman of the Board with effect from 1st June 2012. The Board has appointed its Senior Independent Director, David Beever, to take on the Chairman's role upon Ronnie's departure.

Ronnie Bell's decision to step down reflects a desire to focus on his other business and governance commitments, having successfully put in place a new management structure at the Company and overseen the negotiation of new financing arrangements, as well as the development of a strategy to restore profitable growth.

Commenting on his decision, Ronnie Bell said:

"I'm delighted that we now have the right management, strategic and financial foundations in place to drive Premier Foods' return to growth. Having set a course to turn the company around, I believe it is an appropriate time to step down.

"I'm confident that with Michael Clarke at the helm, the company has a bright future. I'm also very grateful to David Beever for stepping in as Chairman to ensure the necessary continuity"

David Beever commented:

"The Board would like to thank Ronnie for his leadership over the last 21 months.

"I have agreed to take on the Chairman's role on an interim basis while the Board comes to a view on a permanent successor. My priority is to support Michael and the management team to continue building our organisation and strategy to restore profitable growth."

The Board has appointed non-executive Director, Ian McHoul, to take over as Senior Independent Director once David Beever becomes Chairman.

Ends

No shit sherlock - Premier Foods chairman departure not helpfull

.

11 June 2012

DIRECTORSHIP NOTIFICATION

Following announcements earlier today by Intertek plc and BTG PLC regarding the appointment of Louise Makin as Non executive Director of Intertek plc, Premier Foods wishes to confirm that Louise Makin will retire from the Board of Premier Foods as planned on 30 September 2012, being the natural expiry of her second three-year term.

- Ends -

RNS Number : 1927F

Premier Foods plc

12 June 2012

Premier Foods plc

12 June 2012

Statement re: Share Price Movement

Premier Foods ("the Company") notes the decline in its share price in recent weeks. The Company continues to make progress in the implementation of its growth strategies and full year expectations for 2012 remain unchanged.

The Company will report its Half Year results for the 6 months ended 30 June 2012 on Tuesday 7 August 2012.

Ends

During a recession downturn - food and drink are surely a safe bet - is now the time to buy and before 7 Aug ?

shorters seem to have taken hold of PFD.

Shorters can never see over the parapet !

Disposal.

Premier Foods today announces that it has reached an agreement to sell its vinegar and sour pickles business, including the Sarson's, Haywards and Dufrais brands, to Mizkan, for a cash consideration of £41 million. The sale is expected to complete by the end of July 2012.

This agreement represents a further step in the Group's strategy to prioritise investment behind its eight Power Brands and divest selected, non-core businesses.