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PMP Portmeirion Group Plc

242.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Portmeirion Group Plc LSE:PMP London Ordinary Share GB0006957293 ORD 5P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 242.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
235.00 250.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Homefurnishings Stores 111.09M 5.56M 0.4037 6.01 33.37M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 242.50 GBX

Portmeirion (PMP) Latest News

Portmeirion (PMP) Discussions and Chat

Portmeirion Forums and Chat

Date Time Title Posts
09/4/202412:15Portmeirion - profits on a plate473
27/4/201011:37Portmerion: the Prisoner of Pots?68

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Portmeirion (PMP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-23 15:15:21235.405,16412,156.06O
2024-04-23 15:14:38235.005,16412,135.40O
2024-04-23 14:49:28245.506101,497.55O
2024-04-23 14:43:48242.904,1159,995.34O
2024-04-23 13:07:33234.221228.11O

Portmeirion (PMP) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Portmeirion Daily Update
Portmeirion Group Plc is listed in the Misc Homefurnishings Stores sector of the London Stock Exchange with ticker PMP. The last closing price for Portmeirion was 242.50p.
Portmeirion currently has 13,759,282 shares in issue. The market capitalisation of Portmeirion is £33,366,259.
Portmeirion has a price to earnings ratio (PE ratio) of 6.01.
This morning PMP shares opened at -
Posted at 22/2/2024 17:05 by crystball1
Has a bottoming out of the share price occurred now? I thought the trading update in January was satisfactory plus the outlook also. The unknown is whether or not the dividend (over 7% at today's share price) will be maintained. I watch with interest from the sidelines and will do further research.
Posted at 23/1/2024 16:38 by value hound
Update from Simon Thompson, FWIW, who concludes with:

"On this basis, the shares trade 50 per cent below book value, on a price/earnings (PE) ratio of 9.3, and offer a 6.6 per cent dividend yield. Although the payout is safe as gearing is only 11 per cent, overseas headwinds need to abate for a share price recovery. Hold."
Posted at 22/1/2024 19:25 by richyst
The update says they expect a return to growth in sales in 2024, and also a healthy operating margin improvement. So surely that means higher profits? But the share price goes down! I don’t understand!
Posted at 22/1/2024 16:10 by my retirement fund
Still reckon NAMBE had destroyed the long-term prospects here to get through the lean times. The fact the shareprice is at all time lows and still the CEO and FD's barge pole share purchases with their own money speaks volumes.
Posted at 17/1/2024 14:28 by wad collector
Well , thumbs down from the market. The problem is partly that the general pessimism views every situation as half empty. PMP is one for the patient ....
Posted at 14/9/2023 20:01 by pugugly
Forecast yield 5% Can get that or more on cash - However after tax and inflation a very close run race - Gamble is on the economy -disposable income and share price movement.
Posted at 14/9/2023 18:14 by value hound
Also, Singer Capital Markets have this to say:


"Soft interims as anticipated with no change to FY guidance. North America retailer de-stocking issues had been well flagged, but set against this there is good evidence of resilient trading across UK, South Korea and ROW. We welcome current trading being in line and note encouraging Christmas orderbook/shipment commentary. Overall, we sense expectations have bottomed out. Given this the shares merit a closer look on recovery grounds for the medium term. They trade c.40% below NAV/share of 462p, and on our unchanged forecasts yield 5% with the FY24 P/E 7.5x and EV/EBITDA 4x vs a LR average of 13x/7.5x. We also note the share price is almost back to near the worst point in the pandemic, despite a sound revenue and margin strategy under new CEO. On valuation grounds we move from Hold to Buy."
Posted at 14/9/2023 16:27 by value hound
Re-tipped by Simon Thompson FWIW,

Exploit the overreaction to Portmeirion's issues

"Destocking by retailer customers in North America dented first-half profits, but next year is likely to see a marked improvement.

"Reassuringly, the group's strong order book for the key Christmas trading period is ahead of last year, so the previously downgraded earnings guidance should be achieved. It points to full-year revenue falling by 10 per cent to £100mn and adjusted pre-tax profit from £8mn to £3mn. On this basis, house broker Shore Capital expects annual earnings per share (EPS) of 16.8p, down from 46.5p in 2022. Also, the 15.5p-a-share annual dividend is safe as net borrowings of £15mn are expected to halve to £7.3mn by the year-end as working capital build unwinds, implying a modest gearing ratio of 11 per cent.

"Reassuringly, the group's strong order book for the key Christmas trading period is ahead of last year, so the previously downgraded earnings guidance should be achieved. It points to full-year revenue falling by 10 per cent to £100mn and adjusted pre-tax profit from £8mn to £3mn. On this basis, house broker Shore Capital expects annual earnings per share (EPS) of 16.8p, down from 46.5p in 2022. Also, the 15.5p-a-share annual dividend is safe as net borrowings of £15mn are expected to halve to £7.3mn by the year-end as working capital build unwinds, implying a modest gearing ratio of 11 per cent.

"Furthermore, the 5.4 per cent dividend yield and 38 per cent share price discount to net asset value highlight the value on offer ahead of an anticipated strong bounce back in earnings next year when Shore Capital predicts a doubling of pre-tax profit and earnings per share (EPS) to £6mn and 33.4p, respectively, on 5 per cent higher revenue of £105mn. The rapid improvement in profits reflects productivity gains, easing in shipping freight rates and the drop through of incremental gross profit in a positive sales cycle given the operational leverage of the business.

"It’s worth noting, too, that the group is now rated on a near-40 per cent discount to rival Churchill China (CHH:1,325p) based on their respective enterprise valuation to current year cash profit multiples even though Portmeirion’s earnings should recover strongly next year.

"So, having recommended holding onto your high-yielding shares for the recovery potential after management first highlighted the destocking issue (‘Portmeirion shareholders should hold their nerve after profit warning’, 20 July 2023), I maintain that advice. Hold."
Posted at 14/9/2023 09:58 by 1tx
PMP will have to repair its margins over the second half if we are to see a maintained final dividend.I also feel that it is overstocked.It is a difficult time for manufacturers & PMP is & has been very much a victim of circumstances outside its control.Hopefully the US sales will recover in second half.....
Posted at 12/6/2023 21:58 by rossco
Revenue from USA was £43.8m in 2022 amounting to 39%. So any fall off in their US business would be quite significant.
Feel that the PMP price drop is harsh considering the positive news about Christmas orders.
Portmeirion share price data is direct from the London Stock Exchange

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