Il produttore di tonno in scatola Princes galleggia a quasi 1,2 miliardi di sterline di spinta per Londra
https://www.theguardian.com/business/2025/oct/31/tinned-tuna-firm-princes-for-london-market-ipo-stock
di Electricbell20
Il produttore di tonno in scatola Princes galleggia a quasi 1,2 miliardi di sterline di spinta per Londra
https://www.theguardian.com/business/2025/oct/31/tinned-tuna-firm-princes-for-london-market-ipo-stock
di Electricbell20
8 commenti
Im sure somebody somewhere has a tin of tuna in their cupboard that lasted longer than the nonce formerly known as Prince. Petition to make that tin the new Duke of York?
Who needs Tesla, Apple, Meta and Google on the stock market ticker when you’ve got cat food in tins eh?
Remember when the government wanted a £1 Trillion company
“NewPrinces bought Princes from the Japanese group Mitsubishi last year for £700m before expanding the group”
What do Mitsubishi not do?
Anyone looking to buy this company needs to look into their parent company and ask why the valuation has been so low under their ownership including revenue/profit.
Newprinces still own 83% of the princes group yet the company market cap doesn’t reflect the holdings in full.
Newprinces share price rose 61% YTD mainly on this IPO, because getting rid of it at this price is a great deal for them.
Look at the performance of the company in 2023 under Mitsubishi.
https://www.foodmanufacture.co.uk/Article/2024/01/16/Princes-suffers-loss-of-more-than-50m
No way this company is worth £1.2b – the actual free float is 13% – they are restricting it to make the valuation look higher.
No doubt to leverage the ‘valuation’ in another deal.
Is that how much it is now, no wonder people shoplift…
“Poor man’s food” that’s what we call a tuna fish and rice dinner, and I LOVE it!
A lot more people will be eating a lot more of this in the coming years!
“Floats”, excellent work. Journo’s earned their money today.