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?

Is going places today, even after the profit taking

MACD looks well positioned skinny.

Might have a dabble myself Thursday.

sp down 10% rights issue coming?

RNS not terribly reassuring, with a possible rights issue on the cards might be time to move on.

Joint Venture and Trading Update

PREMIER FOODS REACHES AGREEMENT ON JOINT VENTURE TO GROW HOVIS, ENABLING DEDICATED FOCUS ON GROCERY AND CONFIRMS 2013 RESULTS IN LINE WITH MARKET EXPECTATIONS

· Bread business to become a stand-alone joint venture between The Gores Group and Premier Foods
· Bread business valued at enterprise value of £87.5m. Premier Foods retains a 49% stake ensuring significant participation in future value generation
· Transaction provides short-term cash inflow to Premier Foods of approximately £28m to be invested in Grocery business
· Combined £45m cash injection by the shareholders into the joint venture unlocks a £200m five year investment programme for Hovis
· Premier Foods Trading profit for the year ended 31 December 2013 in line with market expectations

more..

The chart is starting to look interesting again.

In auction +8.3%

I'm sorry to say that I've been a holder of these shares for years... I don't own too many equities but these I have and are firmly in the red on.. No degree of rally excites me about these.

There was volume on the stock earlier when I looked at 56p,
but a chart inspection and I had to pay 56.75 for the purchase a couple minutes later.

---

Bought some more under 59p

order book much stronger this morning

A good move up this morning and holding now after the usual 1/3 retracement

the reason for starting strong this morning

Goldman Sachs lifts Premier Foods to buy from neutral, target raised from 75p to 90p.

Interim Management Statement

Premier Foods today reports the Company's Interim Management Statement for the three months ended 30 September 2014.

· Increasingly demanding market conditions result in branded sales reduction of 4.1% in Q3
· New organisational structure in place to improve agility, focus and accountability
· Trading profit expectations for 12 months to December 2014 towards lower end of market expectations
· Mr. Kipling relaunch delivering encouraging share gains
· Exciting range of new product launches now in market

Starting to look promising.

Lynda Bellingham Oxo advert to be repeated at Christmas

I was sent this by a friend earlier who is stateside - just out tonight !





Hormel Foods Hungry For Corporate Activity


12th November 2014


Business Desk Latest*


Hormel Foods Corporation (NYSE:HRL) are weighing up a takeover of Uk based
Premier Foods (LON:PFD).The corporation have been keen for some time to find
a foothold in the Uk & Eu markets and senior company executives believe a bid
for Premier Foods would fit the bill across a number of fronts.Hormel,who are
best known for brands such as the iconic 'Spam' and 'Skippy' have been steadily
growing their business and portfolio over recent years and are now in a position
to be more aggressive in terms of acquisition and takeovers.One analyst connected
to the company revealed that steps are now underway for what he termed
'bolt on acquisitions' to be made swiftly.Premier Foods are best known for brands
such as 'Oxo' and 'Mr Kipling' in the Uk,and employ around 4000 staff.

Premier Foods accused over 'pay and stay' practice

Premier Foods, one of the UK's biggest manufacturers, has been asking its suppliers for payments to continue doing business with the firm.

One supplier said the practice - known as pay and stay - was like "blackmail".

Newsnight understands the struggling company has received millions of pounds from its suppliers in this way.

Premier Foods said it was confident the scheme did not break any rules under competition law. The government said it was "concerned by recent reports".

Shameful. I've long argued on PFD threads and elsewhere that its business model is doomed anyway - this disgraceful demand for protection money, blackmail payments, slush money, bribes, demanding money with menaces, or whatever you want to call it, to keep the company afloat only confirms they ain't going to survive by normal means.

Hormel might wish to distance themselves from any expression of ongoing interest, for a while (though if they seriously want Premier, they might not mind a bit of damage to the share price).


"At Hormel Foods, our top priority is maintaining the highest ethical standards throughout all levels and locations of the company."

"In the current challenging environment, the support of all of our suppliers is crucial."

"Newsnight understands many suppliers have paid a total in the low millions so far."


How is this shown in the company's accounts? What is it lumped in with? And what does that area of the accounts look like without this sneaky boost?

i'm amazed their sp has fallen only 7% today .... what a bunch of blatant crooks