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Portmeirion Share Discussion Threads
Showing 201 to 224 of 225 messages
|Not many companies have failed to take part in the great hard brexit rally underway today. Portmeirion is a very glaring exception!
Seems odd to me. PMP is a strong exporter and I'd have thought the massive slide in sterling would be helping it's UK exports to the US and Asia? Especially with the new kiln. The increased cost of its imports from China will offset that but I'd expect it to be at least a small beneficiary of falling Sterling?
|Yes its crocked..........|
|What a crock|
|Thursday's progress report was pretty gloomy with expected profits "materially below" last year . They are clearly hoping that a promised 14% hike in the Interim dividend will help to support the share price. There is a vague reference to reducing the dividend cover for the Final , but with a big reduction in profit even a maintained dividend may not be well covered.
The Interims are due at the end of July and the shares well down at 845P .
I think I will wait till then to think about getting back in , but even scented candles don't turn me on.
|HM .. take your point, but tariff barriers are steep .. typically 20-30%|
|Post Brexit could not the £ exchange rate mean the UK was that desirable overseas manufacturing location ??|
|On reflection, PMP does use contract mfg for a significant part of its sales ... hopefully, this could be directed towards sales in USA and Korea, with production in the Potteries directed to the UK market. But I still think jobs in Staffs are vulnerable ... hopefully mgt will be drawing this to the attention of employees, pointing out the way the shares have moved over the past few days .. "don't vote against your job"! Meanwhile I'm holding my shares .. bookies odds now say remain probability is 62%.|
|Directors selling hardly going to inspire confidence - think I'll sit on the sidelines still|
|Yes, but the big one is the USA, and Obama has stated that we would go to the back of the queue of pending trade deals .. and all these are notoriously slow as approval is needed from House, Senate and President, with a lot of union opposition being lobbied. Most cos with foreign profits are very well placed for brexit because they manufacture overseas and will benefit from translating foreign profits at a better exchange rate, but if you rely on exports that's a different story... think we might have to set up a factory in the USA ...|
|I believe South Korea is the only (?) Asian country with which the EU has a specific trade treaty so that might be being reflected re Brexit ?|
|... if we leave the EU, then it could take a very long time to negotiate a UK-USA (for example) trade agreement, and in the meanwhile, exports would be subject to a tariff .. that's the theory ... better news is that the bookies' odds against brexit are lengthening today after dropping sharply over the past couple of days ... they currently imply a one-in -three chance of leaving .. GLA ..|
|not heard anything but could it be brexit panic, re exports to usa and korea etc?|
|Big drop on volume - sold my holding at 1200 and put back on watch list . Getting tempted but anyone heard anything?|
|- because they have under forecast the effect of the Lighthouse acquisition perhaps ??|
|howcome no broker has come up with a downgrade in forecasts|
|I've also sold. Disappointing but it's been a good short term return.|
|Sold out at the open - glad I did, but unexpected. Wasn't expecting that RNS today - not a disaster but it wasn't price for any hiccups imo.|
|and up again|
|Just keeps grinding on up. My Best Buy in 2016 so far - up 30% with divis|
|Mentioned in todays Shares magazine.
Play the positive momentum behind high quality homeware manufacturer Portmeirion (PMP:AIM). One of AIM’s dividend-paying stalwarts, growth prospects have been enhanced by the strategically-astute acquisition (5 May) of Lighthouse and its Wax Lyrical subsidiary. Stoke-on-Trent-based Portmeirion’s strengths include well-invested manufacturing ...|
|Read Panmure Gordon & Co's note on PORTMEIRION GROUP PLC (PMP), out this morning, by visitinghxxps://www.research-tree.com/company/GB0006957293
"Portmeirion has announced the acquisition of Lighthouse Holdings Ltd for a total consideration of £17.5m plus surplus cash. We think that Lighthouse’s wholly owned subsidiary, Wax Lyrical, is a great addition to the group’s portfolio of brands and represents a strong strategic fit; substantial revenue synergies are expected from this acquisition going forward as Portmeirion grows the brand through existing customers, websites, outlets and distribution channels. We therefore..."|
|Div 40p next yr?|
|I joined todayGood looking deal to me Bought at a PE of about 10 into a company on a PE of 16-17 so earnings enhancing with no extra shares issuedThe dividend- what do people think for the next year?|
|Cantor raises TP 1400p (1200) maintains BUY|