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

Mark Watson-Mitchell
By Mark Watson-Mitchell

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...

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