In this publication, we review the past year and discuss our outlook for the next 12 months. We begin our discussion with the macro factors at play, including GDP forecasts, the geopolitical landscape and our expectations for cost inflation. We also trace the development of primary markets in the European HY space, and give our view on defaults in general as well as for our coverage universe. We then discuss sector trends and expectations, along with earnings development for companies under our ...
Premier Foods has reported decent H1/24-25 numbers, with revenues up 1.4% y-o-y and adjusted EBITDA rising by almost 4%. Profitability was helped by positive operating leverage and mix effects, albeit partly offset by higher cocoa prices. The cash-flow performance strengthened y-o-y, with higher earnings and decreased pension contributions partly offset by increases in capex, cash interest and taxes. We calculate net leverage of 1.1x, down 0.1x from FYE 2023-24. We expect a decent H2/24-25 p...
In today's Morning Views publication we comment on developments of the following high yield issuers: Air Baltic, Aggreko, PHM Group, Rekeep, Hapag-Lloyd, Bite, Applus, Iliad, Digi Communications, Kem One, Axactor, Nomad Foods (Iglo), Premier Foods, CBR Fashion, Telecom Italia, Boparan, Altice France (SFR), Ineos, Ineos Quattro, Casino Guichard-Perrachon
Summary Pladis (UK) Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Pladis (UK) Ltd (Pladis), formerly United Biscuits (UK) Ltd, is a manufacturer, marketer, and distributor of baked snacks. The company's major product portfolio comprises biscuits, cakes, sweets and sav...
Summary Massilly Holding SA - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Massilly Holding SA (Massilly) is a provider of metal packaging solutions. The company specializes in the production of various metal packaging products, including closures, cans, aerosol cans, indu...
Summary Toyo Seikan Group Holdings Ltd - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Toyo Seikan Group Holdings Ltd (Toyo) is a manufacturer of packaging containers. Its product portfolio includes metal, plastic, paper, and glass containers; aerosol products and general f...
Summary Concept Packaging Group - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights Concept Packaging Group (Concept Packaging) is a provider of packaging solutions. The company's products include a wide range of corrugated products, bubble bags, wood pallets, metal fabrication...
A director at Premier Foods bought 13,103 shares at 152p and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly show...
The independent financial analyst theScreener just lowered the general evaluation of PREMIER FOODS (GB), active in the Food Products industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date October 1, 2021, the closing price was GBp 114.60 and its target pri...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
Premier Foods’ FY20 results demonstrate the substantial progress the company has made over the past few years. The UK business has now grown for 11 consecutive quarters and Q121 is set to be very strong. In the UK the brands grew ahead of their categories and the innovation rate has hit a new high. A new landmark pensions agreement was signed in April, which could potentially significantly reduce the future funding requirements for Premier Foods. The recent triennial actuarial valuation delive...
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