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ANALYST VIEWS: SHOULD PREMIER INVESTORS BE CELEBRATING
MARTIN DEBOO | INVESTEC
With the valuation at rock bottom, the share price is on a hair-trigger. We think today’s bounce is directionally appropriate – the disposal of Quorn on decent terms would be a good deal for shareholders.
GRAHAM JONES | PANMURE GORDON
The rise in share price shows that any deleveraging is good news. While a sale would help cut debt, it won’t be a transformational deal if it goes ahead. It demonstrates how strict Premier is about reducing debt.
JULIAN HARDWICK | ROYAL BANK OF SCOTLAND
Quorn is not core to overall strategy and selling something in Meat Free is more palatable than the ambient grocery business. The news underscores the greater urgency bosses are bringing to the issue of asset sales to reduce debt.