The Answer Looks Like... "YES"

The Question Was "Premier Foods - Any Icing Left?"

In a recent Inner Circle Post (11th July 2013), I asked the above question about Premier Foods. At the time, the PFD share price (SP) was 66.75p. Although the SP has since nudged gently upwards, this mornings Interim Results from Premier Foods should see a re-rating that could be good news for us DIY-Investors who took the plunge.

PFD have helpfully produced a factsheet, which you will find HERE.

The key message coming out of these results is that "FY 2013 Trading Profit expected to be around top end of market expectations", coupled with thefact that "underlying business Trading Profit up 50.2% to £47.4m".

Technical Analysis

The chart, at close of play yesterday, looked like this...

I have annotated what I consider to be the key points (on the graph above) but from the early price action this morning, it seems apparent that the market likes the results.

What do you think of the prospects for PFD over the next 12 months?