Premier Foods (PFD)

Sector:

Food

Index:

FTSE Small Cap

43.95p
   
  • Change Today:
    -1.65p
  • 52 Week High: 47.00p
  • 52 Week Low: 18.46p
  • Currency: UK Pounds
  • Shares Issued: 848.26m
  • Volume: 2,975,037
  • Market Cap: £372.81m
  • RiskGrade: 361

Premier Foods plays down Batchelors sale report

By Michele Maatouk

Date: Monday 15 Jan 2018

LONDON (ShareCast) - (ShareCast News) - Mr Kipling and Bisto owner Premier Foods noted press speculation over the weekend about a possible sale of its Batchelors' brand to Nissin, saying it has made no changes to its strategy since the preliminary results last May and talks with Nissin are still at a very early stage.
In the statement, which followed a report in The Sunday Times suggesting it was in talks with Nissin to sell the Batchelors' brand for around £200m, Premier said its remains focused on its strategic objectives, including the reduction of the ratio of net debt to EBITDA below three times.

"On 29 June 2017 the company confirmed that, in line with good corporate governance, it regularly reviews options to deliver value for all its stakeholders. Such reviews do periodically involve discussions with third parties, including Nissin (with whom the company signed a co-operation Agreement on 23 March 2016). There is no current situation where discussions have gone beyond an exploratory stage.

"As a matter of normal good governance, the board continues to keep under review any options which could potentially add value for shareholders and other stakeholders, and accelerate the delivery of the board's strategic objectives, particularly with respect to reducing gearing."

At 0900 GMT, the shares were up 2.5% to 42.40p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Premier Foods Market Data

Currency UK Pounds
Share Price 43.95p
Change Today -1.65p
% Change -3.62 %
52 Week High 47.00p
52 Week Low 18.46p
Volume 2,975,037
Shares Issued 848.26m
Market Cap £372.81m
RiskGrade 361

Premier Foods Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.20% above the market average75.20% above the market average75.20% above the market average75.20% above the market average75.20% above the market average
86.21% above the sector average86.21% above the sector average86.21% above the sector average86.21% above the sector average86.21% above the sector average
Price Trend
80.75% above the market average80.75% above the market average80.75% above the market average80.75% above the market average80.75% above the market average
73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average73.33% above the sector average
Income Not Available
Growth
9.96% below the market average9.96% below the market average9.96% below the market average9.96% below the market average9.96% below the market average
40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average40.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Premier Foods Dividends

No dividends found

Trades for 29-May-2020

Time Volume / Share Price
16:53 77,264 @ 43.95p
16:35 2,307,620 @ 43.95p
16:29 43 @ 45.30p
16:29 2,344 @ 45.30p
16:29 812 @ 45.30p

Premier Foods Key Personnel

CEO Alex Whitehouse
CFO Duncan Leggett

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