Share Name Share Symbol Market Type Share ISIN Share Description
Pittards LSE:PTD London Ordinary Share GB00BHB1XR83 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.00p +1.21% 83.50p 82.00p 85.00p 83.50p 82.50p 82.50p 13,716.00 08:14:34
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Personal Goods 30.5 0.7 4.0 21.0 11.78

Pittards Share Discussion Threads

Showing 626 to 649 of 650 messages
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
DateSubjectAuthorDiscuss
03/1/2017
16:28
Watching commercial TV over Xmas; there has been an endless stream of adverts for leather sofas. Also having leather seats in cars is not so unusual even mid market models have this option. Conclusion -there is good demand for leather -maybe Pittards lacks pricing power. If Mulberry can sell a lady's bag for £600 then you might hope that some of that margin might stay with the leather producer.
meijiman
27/12/2016
17:50
As to the market for quality leather goods it depends on who you believe I suppose, Pittards or LVMH https://www.bloomberg.com/news/articles/2016-10-10/lvmh-quarterly-sales-top-estimates-on-fashion-and-leather-goods
yoyoy
22/12/2016
03:58
I've followed these for years but can't see any reason to invest just because of the large discount to NAV.
arthur_lame_stocks
21/12/2016
12:26
"The prolonged depressed demand for leather has culminated in disappointing sales volumes in the last few months of the year." 90% of Pittards production is exported. Given the fall in the value of the £, you might have thought it would do better.
yoyoy
21/12/2016
12:23
but are they controlling what they can. Sales keep falling but stock keeps rising. Stock is only any good if you can sell it.
yoyoy
21/12/2016
11:55
the market cap is not just below NAV, its below half of NAV. What does that tell me? It tells me its undervalued. PTD does not have more than 12 months of stock. You keep banging on about this but you are wrong. In fact they only have £9M of actual finished goods for sale, but even if you include the raw materials and the goods under constuction they still do not have more than 12 months of stock. PTD are being hit by problems they cannot control at the moment. The Ethiopean situation and a temporary falling demand for leather.
gbill11
21/12/2016
11:44
Inventory is rising and Cost of Sales falling. What does that tell you. Because inventory/cost of sales does as a good proxy figure about invenory levels. How many profitable manufacturing companies have more than 12 months of stock? Why is the market cap below NAV? Ask yourself.
yoyoy
21/12/2016
10:31
They bought the Yeovil property 2 years ago and said it would cost a lot more to build the same thing elsewhere so its likely worth a lot more now Land and buildings worth 70% of the market cap Fundraising 2 years ago at 120p Ethiopia assets worth £0.7M Definitely not a family business as touted. Look at the major shareholders. Saying inventory is more than 12 months costs of sales is just wrong. Plain and simple. Can't you even take 2 minutes to check facts before posting Inventory is not just finished goods. Its not like a big pile of laptops sitting in a warehouse somewhere. Inventory consists of - finished goods is 45% raw materials 37% work in progress 18%
gbill11
21/12/2016
10:08
most of the NAV is inventory and that is more than 12 months of cost of sales and rising. There is £5.5m of borrowings to sort out in the next 12 months (from the interims) and £500k of interest to find. I expect there is a large chunk of deferred tax shown as an asset. and what proportion of the assets are held in Ethiopa and are they realisable or usable as loan security?
yoyoy
21/12/2016
09:11
Nothing changes at PTD - the same old excuses just keep rolling out - huge stocks - slow sales - poor management - keep our jobs and roll along. If you could replace them all you might be looking at £1.50p a share.
clocktower
21/12/2016
08:40
The number of excuses for poor results never ceases to amaze. The rating suggests there is no faith in the management or the strategy.
meijiman
21/12/2016
08:32
Profitable leather business NAV of £24M. Lots of juicy assets in there. Market cap £10.5M You've got to be in it to win it as my old Auntie Gertrude used to say.
gbill11
15/11/2016
10:11
An earthquake in Yeovil would certainly improve the place
ben value
14/11/2016
10:57
Expect the Pittards team will now start winding down for Xmas after their efforts. Still for some its another year of getting paid and the pension topped up. I wonder what the next RNS will be about -probably an earthquake in Yeovil.
meijiman
11/10/2016
08:43
Yes its like a comedy show at Pittards. One is reminded of a circus with baggy trousered clowns throwing pies around.
meijiman
10/10/2016
14:58
You have to admire this lot. If something can go wrong, it invariably does! Been watching company for literally decades and never seen any business so accident prone.
callumross
05/10/2016
13:54
Its very unusual for sleepy Pittards to be troubling the scorers. Someone must have realised that the currency situation might be helpful -there again it might not.
meijiman
21/9/2016
08:10
Waste of time posting. Nothing will ever happen.Management will be there for ever as its run as a family firm not as a commercial company. Even 80 year old Godfrey has failed here........
meijiman
21/9/2016
07:13
Surprised that there has been no comment about another set of very poor figures together with such a small fall in the share price Is it that holders are resigned to the usual management statements about their own performance. The whole board should be replaced sooner rather than later imo.
clocktower
30/8/2016
12:08
No problem - 200p would be very nice!
prop_joe
30/8/2016
11:46
Thanks -hopefully then it will stay above 100p and move back towards 200p in due course.
meijiman
30/8/2016
11:40
I think it is operating profit. They didn't use forward contracts to hedge in 2015 and 2014 so we might be lucky there. Sod's law means they might have hedged in 2016 but any hedges will drop out in time and sterling's weakness looks like it might be here to stay given the trade deficit, government borrowing more than targeted, uncertainty over impact of Brexit.
prop_joe
30/8/2016
11:09
Does it say which profit line -operating profit I assume rather than PBT? Trouble is given the usual incompetence displayed here they may have taken out a forward position at the wrong time ie bought $s forward just before sterling weakened. But overall I think this company is in a better position -could be an overlooked sleeper!
meijiman
30/8/2016
10:52
My simplistic view is that the company will gain from sterling's weakness as the annual report shows that around 90% of revenues are to customers based overseas and 73% of 2015 revenue was in USD (72% in 2014). Helpfully, and perhaps encouragingly, the annual report states that the profit impact of a 10% change in the average USD/GBP exchange rate would have been £1.8m in 2015 and £2m in 2014. So very significant.
prop_joe
Chat Pages: 26  25  24  23  22  21  20  19  18  17  16  15  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:35 V: D:20170225 22:47:09