Premier Foods (PFD)

Sector:

Food

Index:

FTSE 250

168.20p
   
  • Change Today:
    -2.40p
  • 52 Week High: 176.20
  • 52 Week Low: 113.20
  • Currency: UK Pounds
  • Shares Issued: 868.80m
  • Volume: 1,915,017
  • Market Cap: £1,461.31m
  • RiskGrade: 174

Premier Foods repays another £30m of senior secured floating rate notes

By Iain Gilbert

Date: Thursday 18 Feb 2021

LONDON (ShareCast) - (Sharecast News) - Food manufacturer Premier Foods has repaid a further £30.0m of its senior secured floating rate notes thanks to a period of continued "strong trading performance" and cash generation.
Premier said on Thursday that it had "significantly accelerated" its net debt reduction, with an aggregate of £190.0m of its notes having been repaid during the 2020-21 trading year following the transaction, generating a total pro forma interest savings of over £9.5m per year.

The FTSE 250-listed firm highlighted that its "ongoing strong performance" also further underpinned expectation that its net debt/underlying earnings leverage ratio will fall below 2.0x by 3 April.

As of 0830 GMT, Premier Foods shares were up 1.23% at 90.60p.

Email this article to a friend

or share it with one of these popular networks:


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 168.20p
Change Today -2.40p
% Change -1.41 %
52 Week High 176.20
52 Week Low 113.20
Volume 1,915,017
Shares Issued 868.80m
Market Cap £1,461.31m
RiskGrade 174

Premier Foods Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
37.68% below the market average37.68% below the market average37.68% below the market average37.68% below the market average37.68% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
85.14% above the market average85.14% above the market average85.14% above the market average85.14% above the market average85.14% above the market average
78.57% above the sector average78.57% above the sector average78.57% above the sector average78.57% above the sector average78.57% above the sector average
Income
47.54% below the market average47.54% below the market average47.54% below the market average47.54% below the market average47.54% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average
Growth
9% below the market average9% below the market average9% below the market average9% below the market average9% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Premier Foods Dividends

  Latest Previous
  Final Final
Ex-Div 27-Jun-24 29-Jun-23
Paid 26-Jul-24 28-Jul-23
Amount 1.73p 1.44p

Trades for 05-Jun-2024

Time Volume / Share Price
15:47 100 @ 169.40p
16:35 364,519 @ 168.20p
16:35 1 @ 168.20p
16:35 4,827 @ 168.20p
16:35 9,636 @ 168.20p

Premier Foods Key Personnel

CEO Alex Whitehouse
CFO Duncan Leggett

Top of Page