Pittards Share Discussion Threads

[battlebus2] 25/1/2014 08:13

Don't wake me i'm still dreaming meijiman!! Oh maybe it's Monday............

[meijiman] 24/1/2014 23:23

Dream on.....

[battlebus2] 22/1/2014 20:58

Moving in the right direction again and a few decent trades over the last couple of days which is pleasing. An update in the morning would be nice!

[battlebus2] 21/1/2014 09:22

Patience required mejiman, always a 2/3 year view. Big fan of Robinson though i did sell most of my holding when it reached an old target. Still a great long term hold/buy with the property assets etc.

[meijiman] 21/1/2014 09:17

Usual torpor here -share price marooned. When is the next news? you still positive battlebus? I note you are a fan of Robinson -Ive looked at that several times -probably missed the boat now.

[battlebus2] 16/1/2014 08:11

Current price 151.25/160.

[meijiman] 15/1/2014 18:56

Ok Sir.appreciate yr diligence here.

[envirovision] 15/1/2014 18:30

Looking at the change did he have to inform the market, I'm not sure he did by the size of it?

[battlebus2] 15/1/2014 18:17

He usually sells up when his job of seeing a company through a turnaround is complete like he did a month or two back with Waterman. It doesn't mean for one minute that the companies share price has reached it's peak. It's so far only 5 million so lets see how long he holds the rest if he hasn't already found a buyer. Must be another RNS due on the other trades if they cross the thresehold. Still potential for a bid here so not as simple to judge this time.

Explains the recent weakness though. Melliman hopefully a trading update very soon now the shares are consolidated as with todays trades that would have been bad timing.

[envirovision] 15/1/2014 17:55

Wonder what's prompted him to start selling?

[jaf111] 15/1/2014 17:41

5 million sold by PG......unfortunately he still has 84.5m (18%)

[battlebus2] 15/1/2014 16:53

Well lots of trades today, 15 million so some big player(s) out or in.

[meijiman] 15/1/2014 14:33

Are you inferring you thought there may be any uncertainty on this matter? Anyway an opportunity missed for an update-most companies would have chosen it as an opportune time for a short update on trading even if it was 'in line with market or management expectations.'
Still I'm quite relaxed and await news ....zzzzzzzz

[battlebus2] 15/1/2014 13:29

Very pleased to see the consolidation go through...

15 January 2014

General Meeting

Pittards plc the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors is pleased to confirm that at the Company's General Meeting held today the resolution in relation to the Capital Reorganisation, details of which were set out in a Circular to shareholders dated 19 December 2013, was passed.

Under the Capital Reorganisation, every Existing Ordinary Share is being consolidated into New Ordinary Shares on the basis of 1 New Ordinary Share for each 50 Existing Ordinary Shares. The Capital Reorganisation will become effective immediately following close of business today, 15 January 2014.

Application has been made for the 9,262,039 New Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 16 January 2014. The New Ordinary Shares will trade under the ISIN: GB00BHB1XR83 and SEDOL: BHB1XR83.

Existing share certificates will cease to be valid following the Capital Reorganisation. New share certificates in respect of the New Ordinary Shares are expected to be issued on or around 27 January 2014. A CREST Shareholder will have their CREST account credited with their New Ordinary Shares following Admission.

In accordance with the provision of the Disclosure and Transparency Rules of the Financial Conduct Authority, the Company confirms that, following this issue, its issued share capital will comprise 9,262,039 Ordinary Shares of 50 pence each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 9,262,039.

[nickfishfishfishthorn] 13/1/2014 17:43

If only I had more cash! :)

[battlebus2] 13/1/2014 11:24

There's 250k available to buy at 3.25 if anyones interested.

[battlebus2] 13/1/2014 11:15

That's a shame, looks like some sellers want out before Wednesdays consolidation.

Hoping for a positive trading statement on wednesday too.

[battlebus2] 13/1/2014 07:38

Looks like the CEO rounding up...

PITTARDS PLC

(AIM: PTD)

Director / PDMR Shareholding

Pittards plc ("Pittards" or "the Company"), the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors, has been informed that on 10 January 2014 Reg Hankey, Chief Executive, bought a further 63,281 shares in the Company at a price of 3.34 per share.

Following the purchase, Mr Hankey's holding in the Company has increased to a total of 8m shares.

[addict] 09/1/2014 14:17

Also still adding while stocks last.I think we are finally on the growth path here after several years in the wilderness.I think the bid approach was a wake up call for the BOD to get their act together.DYOR

[meijiman] 08/1/2014 14:45

I did a top up around that price. Bt some Dialight this morning at 635p so feeling a bit pleased with that.

[battlebus2] 08/1/2014 14:01

Some shares available at 3.37 ATM.

[battlebus2] 08/1/2014 12:07

Not bothered by todays little mark down as you could still buy at around 3.5 p when it was 3.75.

[meijiman] 08/1/2014 12:02

I'm being tempted by the little blip down. The shares are certainly value assuming say 0.5p next year then would have to rate these at over 6p. In my mind(dreams) I am attaching some sort of luxury goods rating to these shares a la Burberry. No better not get carried away. 5p would do for starters.

[battlebus2] 08/1/2014 11:58

I believe it's all change meijiman so remain very positive about the future here
but dyor etc...

[meijiman] 08/1/2014 11:51

Yes indeed. But the company has dropped so many clangers over the years that no one has much confidence. That explains why the shares are so lowly rated. Is it going to be different this time? Still a dividend payment would be nice and signify some cash generation -sorting out the working capital would free up plenty more.