Premier Foods "grossly undervalued" according to house broker, Shore Capital
The broker said Premier Foods has evolved into a “high-class act with a highly competent management team delivering quarter after quarter of good trading performance.”
Company
Premier Foods
LON:PFD
Premier Foods manufactures a range of branded and own-label products across many food categories. Premier’s principal markets are the United Kingdom’s major food retailers, wholesalers and convenience stores, foodservice customers and food manufacturers.
117 stories · page 2 of 6
Premier Foods remains on track as half-year profits jump 12%
Chief executive Alex Whitehouse said: "Following a strong first half and with good momentum as we enter the second half, we are on track to deliver on expectations for full year 2022/23"
Premier Foods to buy The Spice Tailor for £43.8mln
The Spice Tailor is expected to generate revenue of £17.3mln in fiscal 2022-2023, with the transaction predicted to be earnings accretive in year one
Premier Foods trades in-line with expectations in Q1
The British food manufacturer's shares climbed 4.3% to 115.4p on the news
Premier Foods raises expectations after gut-busting Christmas
The Mr Kipling's cakes group raised guidance on trading profit and adjusted profit before guidance. There was no guidance on (apple) turnover.
Premier Foods pining for return of lockdown as sales and profits dive
The half-year numbers looked better when compared with those from two years ago than those from last year
Premier Foods unveils new ESG strategy
It will be focused on its product offering, its impact on the planet and on people
Premier Foods profits to hit top end as Mr Kipling cakes remain exceedingly popular
Sweet treats have remained buoyant and are selling more than last year
Premier Foods raises guidance after exceedingly good loan note issue
The company has been steadily buying back its loan notes, which were issued at higher interest rates than the new loan notes
Premier Foods reinstates dividend after 13 years
The Mr Kipling and Bisto producer has cut debt and secured a new pensions agreement
Premier Foods targets American sweet tooth with Mr Kipling US launch
The cakes will be marketed by bakery chain Weston Foods after enjoying solid growth on this side of the pond
Premier Foods raises profits forecast as at-home eating drives up sales
The Mr Kipling and Bird’s Custard owner expects full-year trading profit to be £145-150mln, up from £132mln a year ago
Premier Foods raises full-year profit expectations after tasty first half
The Mr Kipling and Bird’s Custard owner expects continued revenue growth and high demand amid the new lockdown
Premier Foods sells Hovis stake in multimillion-pound deal
The owner of the Mr Kipling cake brand is expected to receive £37mln from the sale of its interest to private equity firm Endless LLP
Premier Foods could cash in from Hovis sale, say reports
The bread brand's majority shareholder, The Gores Group, has started a sales process that could see the business fetch up to £150mln
Archive
FTSE 100 tanks as traders fear protracted downturn
Britain's top share index finished down over 162 points, or 2.75%, at 5,741 on the day
Archive
Prudential and Hargreaves Lansdown to show effects of different stages of coronavirus crisis
Other updates on Thursday include interim results from WH Smith
Premier Foods soars higher on pensions deal and coronavirus stockpiling surge
The Mr Kipling, Ambrosia and Sharwoods group saw UK sales soar 15.1% in March as shoppers cleared shelves
Premier Food on target as Mr Kipling sees exceedingly good mince pie sales
Overall, sales rose by 2.6% in the three months to September and are 2.5% ahead in the year to date
Premier Foods sets full-year table as loss swings to profit
In the six months to 28 September, the producer of Mr Kipling and Bisto reported a £15mln profit, having climbed out of a £2mln loss in the same period last year