Pittards Share Discussion Threads

[meijiman] 29/7/2014 14:24

looks like my share prediction is coming good. 50p here we come. Management will be unconcerned though -another hour to go on the cider.
So if currency is an issue what was Ethiopia supposed to do??
Godfrey(aged 78) must step forward with his magic dust bag-maybe made of leather.
Trading below NAV I read.

[phat hair] 19/7/2014 09:14

So far, worst investment I've made in years on ST's tip in IC.

[meijiman] 16/7/2014 15:22

Hardly much skin in the game is it -165,00 shares. The way the share price is going they will be worth 50k before the year end. An air of torpor and lethargy hangs over this company. There are simply no buyers and the broker is useless. What do the management do all day??

[meijiman] 27/6/2014 15:41

Anything to lift sales would be fine -leather underwear included. Maybe the ceo should start a fashion for wearing lederhosen whilst he is playing darts at the pub.His brother Ted is though a much better player.

[envirovision] 27/6/2014 14:23

edit sorry I was thinking of archery where they wear that single finger less glove for drawing the string dohhh ;

[envirovision] 27/6/2014 14:22

Do they not wear gloves in darts anymore then?

[meijiman] 25/6/2014 15:14

yes bit of light relief. The ceo is I'm sure related to that well known darts player Ted. Still there are real issues to resolve and this lot and WHI don't seem to have a clue.If there are no natural buyers for the stock then the MM's will mark it down to make sure that PG doesn't fling another tranche in their direction. We are back where we were.

[baner] 25/6/2014 14:49

meijiman

touché - very funny!!and probably also sadly accurate.......!

[meijiman] 25/6/2014 14:28

wonder what the management and others are up to today
ceo -playing darts in the pub
fd -ordering more stock 'just in case'
godfrey -what day of the week is it?
gylenhammer-shall I job out this holding to a willing buyer at 110p.
Chairman -doing deals in other companies
head of sales-'why has the market for presentation gloves at court declined? These were our best selling line in 1957'

[paleje] 11/6/2014 12:04

IC have tipped them again but reduce target to 220p medium termish.

[woozle1] 09/6/2014 18:38

Duh .. Sorry I kept thinking it was pre consolidation!

[battlebus2] 09/6/2014 16:52

It's 200k times £1.20 = £240k

[woozle1] 09/6/2014 16:48

All I can say is that, if the Chairman needs to sell 200,000 shares at 1.2p for another venture, he must be pretty poor! This is an insignificant amount of money and the idea that he doesn't have £2,400 lying around is laughable. Moreover, selling at such a sharp discount seems nuts. There must be something else going on here. He may actually be looking to depress the share price artificially for whatever reason I do not know but can only guess at.

[meijiman] 08/6/2014 13:06

There does seem room for improvement doesn't there!! Starting with high levels of stock carry. Cutting this would boost working capital. I think absence of news between formal results also makes holders nervous. There is always the tantalising prospect of them getting it right -simply boosting the share price by reporting higher profits along with a confident outlook statement; and/or getting taken over.
Let's hope that young Godfrey can sprinkle some magic dust here.
I mean to say these ladies bags sell for hundreds if not thousands of £s and Ptds must be getting some piece of the action, as they are supposed to be top of the range in leather?

[battlebus2] 08/6/2014 11:58

I have to say i'm saddened by what has happened here, when i first looked at these it seemed everything was falling into place for this company to be very successful indeed, foreign investment in Ethiopian factory was to create efficiencies and a ready supply of skins, R and D concentrating on high tech and performance at Yeovil was reaping rewards. They even seemed shareholder friendly with the share consolidation to allow a return to the dividend list. Even another bid was a possibilty!!
Simon Thompsons tip luckily gave these the boost to my target of £2 when i fortunately decided to sell.
Currency issues seem to have put a hold on dividends and P.G. selling on the same day as the capital reorganisation on hindsight was a warning sign.
I can't put my finger on it but something is wrong at management level whether it's a difference of opinion or what we may never know.
This business still has the potential to be a success story but not in the short term it seems. Watching from the sidelines. GLA holders.

[meijiman] 08/6/2014 10:50

Pittards trading cannot be materially different from that set out in the AGM statement which was not long ago -otherwise they would have to update the market.I took that to be mildly positive -certainly if you strip out the negative impact of currency.
I am prepared to give the Chairman the benefit of the doubt as he has set out a specific use for the funds from his sale which presumably in part determined his timeframe. Besides the Mulberry man bt at 167p I think, and he should know what is value here.
On the other hand this company does have a habit of shooting itself in the foot -seems incapable of pushing out a consistent message.
The broker must step up to the plate -get out a note with some numbers on which the co is happy with -this will show the shares to be lowly rated . Trouble is they may remain so since most people seem to hold a view that if they get it right for 6/9 months they will then revert to foot shooting mode.
WHI need to establish what exactly PG wants to do with his shares.If he wants out they must find buyers for the shares maybe via a road show to some likely institutions. With a divi in the offing this should help.

[coolen] 07/6/2014 22:16

Should holders (not me I am glad to say) press Mr Boyd as to why he seemingly rejected a take-over approach at almost twice the level he has just personally sold at ?

[envirovision] 06/6/2014 22:10

Looks like someone else non connected but with inside info also joined him by dumping 165,000 shares at the same time. I dont hold but follow but glad I dont hold at the moment. I smell a rat and wont be buying in just yet, something not quite right here although I am not quite sure what it is yet, what with PG also clearly wanting out but unable to find a buyer and all it really just look like trouble ahead.

[renew] 06/6/2014 19:46

ST couldnt have gotten this more wrong!!

[baner] 06/6/2014 15:51

"interesting" news today - Chairman Boyd dumping 200.000 shares at a steep discount to market price. surely he must be told to leave the BOD now ?

[envirovision] 02/6/2014 16:25

what predicted forward dividend yeild though ?

[meijiman] 02/6/2014 16:09

I don't think the share price decline reflects anything on trading -more a view that there is a big seller who will offload into any rally. Takeover hope fading. But the shares are cheap so i think there is a chance of heading back to 200p before the year end.

[oregano] 16/5/2014 13:41

agreed, their PR is rubbish.

the CEO bought at the equivalent of 1.67 in Jan. lets see if he tops up.

[meijiman] 16/5/2014 13:38

The new director should be pretty astute given his background. I don't think Pittards always help themselves with their PR which is often woolly and ambiguous.

[envirovision] 16/5/2014 13:37

Bet he wishes he had waited