Portmeirion Share Discussion Threads

[rainmaker] 20/1/2003 09:04

Some nice buying coming into the market this morning. There is a count up to 240 pence on the Chart and the Company's trading statement that they will make a minimum of £2.75mln this year puts them on a multiple of just 10 times by my calculations.

Regards

[rainmaker] 18/1/2003 00:46

Trading update- Strong Company sales in the Far East have more than compensated for disappointing ones in the US. Overall sales this year will growth some 3% and margins have improved through increased operating efficiencies. Company will make not less than £2.75mln. Very Strong Balance Sheet to back a historic yield of some 7%

Regards

[rainmaker] 06/9/2002 00:42

Somebody else must have some interest or something interesting to say on this company?Don't be shy!

Note with interest that sales in their 15 UK retail outlets increased a massive 25% over the year and that,not surprisingly they are thinking of opening more branches.


Regards

[rainmaker] 20/8/2002 20:26

Dear All-An excellent set of interim results-America is still fairly disappointing but excellent growth elsewhere, particularly in the Far East where turnover has practically trebled.

Peel Hunt reckon the Company's EPS for the year Dec 2003 will be 16.8p, giving the Company a prospective p/e of x11.45.An undemanding rating considering EPS are forecast to grow at 23%.Could easily reach 280 pence short term given the favourable publicity surrounding the recent results and strong growth propects.The Company's strong balance sheet ensures that they will be able to capitalise on opportunities as and when they arise.I have been a shareholder for several years and will continue to hold for the long term.

An attractive 6.6 % historic yield at the offer price of 200 pence, which may well be increased if the improvement continues, as looks likely.


Regards

[rainmaker] 23/4/2002 11:06

What's this a 50% retracement on the climb from 170 to 210?Next step a measured move to 230?????

Regards

[dontknowitall] 11/4/2002 16:45

I gave it up and spent the money elsewhere (City Centre Restaurants - CTC) because that has a high yield too.

If it's of any help, I used to work in a china and glass shop (high quality one) and Portmeirion won't really benefit from these Jubilee celebrations, since it's not their market.

If you're looking at that type of thing, better to look at Aynsley, Spode, Royal Worcester, possibly Royal Doulton (I wouldn't touch this one with their recent troubles), Coalport, etc. Better still, go into a good china and glass shop and have a look to see what you like the look of. The best looking stuff always sells best irrespective of its price.

This is probably totally off the subject, but I thought it might be worth a mention.

Finally, I'm not knocking Portmeirion one bit. It always sold well, and I can't see any reason why it's going to stop selling well now.

[rainmaker] 11/4/2002 16:36

Dontknowitall-Did you manage to buy?IMHO, with NAV of something like £2.40 a share, plenty of upside with this one!

Regards

[dontknowitall] 28/3/2002 13:34

Bother - just found out I couldn't deal at the price I wanted.

[dontknowitall] 28/3/2002 13:17

Just bought into this one and price moving up already. :)

[rainmaker] 27/3/2002 15:42

Interesting stuff-America is Portmeirion's biggest market but has been underperforming badly.Laurence Bryan steps in to turn round this operation but along comes a mild recession which understandably affects their sales of top-end products.Same Director now buys 10000 shares.

Regards

[rainmaker] 31/1/2002 17:35

Several Directors buying and Founder's Daughter selling.

Regards

[rainmaker] 28/12/2001 14:45

Believe this Company will be get a mention in the Press next Friday-4 January
DYOR

Regards

[rainmaker] 12/12/2001 10:23

Net Asset value is something like 250 pence a share as opposed to the current price of 172.5p

Regards

[rainmaker] 12/12/2001 10:21

Strong rumours of American interest in this Company(USA is Portmeirion's largest market)Rising Share price despite very little in the way of buying.

Regards

[rainmaker] 21/5/2001 15:14

Thanks for that Morose -IMHO Portmeirion is easily the strongest brand amongst the quoted Pottery companies.In retailing unless you are the lowest cost producer or have some intangible assets such sole distribution rights or patents then Brands are essential.Given a strong brand you have the ability to set your prices above your competitors and the chance to raise prices without the loss of marketshare.

A further point,America is Portmeirion's biggest market.However in recent years the company has performed badly there, at a fraction of their traditional profitability.It is perhaps interesting to note that Laurence Bryan,Head of USA Operations,has been a large buyer of the company's shares over the last six months/1 year.

Regards

[morose] 21/5/2001 14:52

Just an aside, I live near Potteries and have visited the factory shop.
The produce and designs are very distinctive and attractive.
Ware is sold in good outlets, garden centres etc.
The factory is very busy and I see a good future for this stock given patience for the reason mentioned in the last input on this thread.
Must be one of the best pottery stocks.
Wedgewood also on the upgrade and Churchill China.

[rainmaker] 21/5/2001 14:39

YlessPE-I am a Shareholder.Probably a good case of so called "Institutional Neglect"-that if the Institutions, i.e.Pension Fund Managers,don't follow it then Stockbrokers don't either and it is left to the industrious Private Investor to unearth hidden value.

Nevertheless I have managed to obtain the latest Broker estimates(released within the last month).Peel Hunt reckon Portmeirion will make £3.6 and £4.0 mln for this and next year respectively-EPS of 23.9 and 25.4 pence.At the current price of £2.10 that puts the Company's shares on a prospective P/E of just 8.78.AN ABSOLUTE BARGAIN particularly when you consider that there are Brokers out there who believe the Company can compound EPS at a rate of 12 to 15 % a year for the next 4 years.THAT SUGGESTS THE COMPANY SHOULD BE TRADING AT AROUND FIFTEEN TO 20 TIMES PROSPECTIVE EARNINGS.ie a share price of around 350/450 a share.

Considering the Company makes a return in excess of it's cost of capital there is NO justification for the Shares trading at less than NAV of around £2.50 EVEN if capital expenditure is high for the next couple of years due to the opening of an Exhibition Centre together with retail space.(Although the company is obtaining a grant to help with the expense)

Best Wishes.

[ylesspe] 06/3/2001 16:30

Is Portmerion a Prisoner of its pottery business?

I understand that the TV series "The Prisoner" was shot in
Portmerion, which may have little to do with the company of
the same name. But it does make a good headline.

This company looks cheap in some respects:
Yield: 8.4% PE: 8.2
And it trades at about 70% of Book Value.

But will your money, if you invest, stay a Prisoner?
Maybe not. Over the past few months, Fortress finance,
a BVI company has acquired over 6%. And one of the
Directors has bought nearly 2%. So watch this Pot.

I am not (yet) a shareholder. This is for information
purposes, and is not a recommendation