Good morning, it's Paul & Jack here, with Friday's SCVR.

To start you off today, here is the link to yesterday's SCVR, which I finished late last night, with 11 companies in total:


Lots of interesting companies there, so it's a pleasure to dig into those (Jack wrote the first section, as I was initially in bed with a hangover, after helping the De Beauvoir Arms (N1) minimise their lockdown 2.0 inventories write-offs, and singing "We'll Meet Again" with the staff just before closing time, which they convincingly pretended to enjoy!).

Anyway, let's see what Friday brings. Hopefully nothing too stressful.


Agenda - a quiet news day, so I’ll cover a few items left over from earlier this week;

Premier Foods (LON:PFD) - Disposal (Jack, done)

H & T (LON:HAT) - Business update, from 5 Nov (Paul, done)

Mears (LON:MER) - Disposal & trading update (Paul, done)

Urban&civic (LON:UANC) - Agreed bid (Paul, done)

Watkin Jones (LON:WJG) - Trading update (Paul, done)

Senior (LON:SNR) - Q3 trading update from 3 Nov (Paul, done)

Tasty (LON:TAST) - Restaurant closures (Paul, done)


Timings - at 14:08 - I'm stopping for some lunch and a power nap, so will return later this afternoon to finish off.
Update at 17:00 - today's report is now finished.

** This section written by Jack **

Premier Foods (LON:PFD)

Share price: 105.4p

Shares in issue: 852,385,190

Market cap: £898.4m

(Jack writing - I hold)

The market cap’s too big here for the SCVR, strictly speaking - but Premier Foods (LON:PFD) was a small cap as recently as April before a dramatic rerating, and it looks to be a quiet news day so far so let’s expand the remit a little.

Premier Foods operates in the ambient food sector which continues to be the largest sector within the total UK grocery market. See its brands below.


Source: company website

For years, PFD was rightly regarded as a ‘zombie’ company, just about generating enough cash flow to satisfy its debt and pension obligations. The group is approaching an inflection point though, helped by…

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