Premier Foods: tomorrow’s AGM Update should read well and show just how cheap its shares are at 199p, offering 25% upside 

Just ahead of Premier Foods (LON:PFD) holding its AGM tomorrow, Thursday, 16th July, I look forward to one of the UK’s biggest food groups issuing a positive First Quarter Trading Update. 
Capitalised at £1.73bn, I believe this substantial sector leader is significantly undervalued at just 12.7 times estimated earnings. 
In my view, barring any unforeseen circumstances, with the shares at 199p, there is at least a 25% upside being offered today. 
The Business 
As one of Britain's large...