Market's view on Premier Foods
Published on April 2024
- A stock watcher notes the potential for debt repayment within three years due to recent developments.
- A recent £75k purchase by the Chair is seen as a strong confidence boost following a share price increase.
- Positive sentiments are shared about holding company stock purchased at around £1.20.
- Further good news is reported, indicating continued confidence in the company’s prospects.
- Stock watcher comments on recent news about pensions, likely to positively influence the share price.
- Opinions suggest cash flow in 2025 will increase significantly, and fast debt repayment might pave the way for a major acquisition.
- There are mixed feelings about the pension plans; although disappointing, there is potential for significant upside in the next three years.
- The company’s health is deemed robust but with slight disappointment over the three-year timeline for sorting pension schemes.
- Discussion includes the company achieving its biggest ever Christmas and significant market share gains.
- Trading updates are positively viewed, indicating potential stock price increases.
- A rash decision is noted in moving out of Premier Foods at the current time.
- Speculation about the timing of the trading update, suggesting it could be early the following week.
- A positive trading update is anticipated for January.
- Autumn Statement benefits for the company are discussed, with a reduction in pensions surplus charge possibly aiding financial plans.
- Strong annual results and an upgrade to the full-year forecast are highlighted.
- Upcoming results announcement builds anticipation.
- Observations are made on the crowded sector of breakfast products in supermarkets, suggesting potential for consolidation.
- A recent acquisition is acknowledged, but with reservations due to the sparse financial details provided.
- Pricing of Mr Kipling’s products is critiqued for being excessively high at a retail chain.