Pittards Dividends - PTD

Pittards Dividends - PTD

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Stock Name Stock Symbol Market Stock Type
Pittards Plc PTD London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 56.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
56.00 56.00 56.00 56.00 56.00
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Industry Sector

Pittards PTD Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

clocktower: The results from Mulberry today are another positive, as they show the level of recovery going on in the leather industry. As G P Davis FCA is on our board as well as MUL I expect PTD will show the same or better level of recovery over the past six months as well. If you like something a bit macabre take a look at the link of the one off leather piece. It struck me that it might have been modeled on you S. :-) Https://corporate.pittards.com/trainee-creates-unique-leather-piece/
clocktower: Good morning S, 200p to 54p and directors filling their boots, really highlighted the potential for investors like myself that have purchased shares in PTD recently to benefit from the business cycle. If you were someone that last purchased at 200p I hope you will see your investment soon return your capital. Unfortunately the matters that you speak of are the matters of morality, and in recent years we have come to appreciate that wee as PI’s have no voice on these matters.
clocktower: £5.3k maybe to you S but he purchased more late last year and bear in mind his salary was £119k in 2020 before tax, and if you have a family etc to support then £5k would be a pretty large chunk of spare cash I would suggest. As I am not familiar with tax and NI deductions in the UK S, please tell me how much you expect Mr Average would have take home money out of £119k ? He now owns 1.04% of Pittards and I consider that for a CFO that earns £119K pa. that has been buying more shares since last year a very decent commitment to PTD and bearing in mind any of his options will only kick in when the share price rises above 70p. It is only that, bar punting money, I am fully invested across my portfolio or I would add to my holding of PTD right now while the share price is so undervalued imo. and clearly that is the view of the CFO of PTD's.
clocktower: Good morning S. There are several British companies making leather satchels very successfully plus a large number of bag makers. I am not sure which one you are talking about but they are in a different market to that of Mulberry and as regards Pittards, making and selling bags is not number one on their list of important things, as selling the leather to many of these smaller manufacturing businesses is. I am sure Pittards support many of them through their expertise though, and by providing them with leather on very good terms, as it can only be good for Pittards if they become the next Mulberry. Far from missing a trick, it is better to assist these companies and form strong bonds to open up markets around the world for British Leather Products.In fact if I was running PTD - I would help those that were buyers of PTD's leathers by showcasing their products on the company website by providing links from the pictures of bags to their company retail websites, and then with other marketing events as long as they committed to purchasing leather from PTD. Strong partnerships is the only way to become world leaders in the industry. Pittards will never be the go to fashion brand for bags but they are a prestige international heritage brand that sits above most of these other makers. Some of these smaller businesses are very successful in their own right, as they capture the fashions and are often the very inspiration that larger makers feed from but never give them credit.
clocktower: If you take a look at the link below you will see how skin prices have been rising by comparison to those in 2020 - this can only be positive for PTD and I expect is one reason that things started to turn around from around August 2020 and the improvements in prices have increased considerable from this dark days that COVID caused so many shut downs. All that stock PTD has only increased in value it seems in the last five months. You need to just look at the one year chart to see how much things have improved this year. Https://fred.stlouisfed.org/series/WPU041
clocktower: 10% is a great incentive to accept a decent offer when your in your mid 60’s and you have been with the company for a fair while and can see a way of getting a very decent pension pot, at a time when the very large stakeholders might be looking for a way to make good their long held investment. One really has to wonder why the major stakeholders would have allowed the award changes that you so rightly pointed out would reward the directors so well compared to other members of staff if the share price reached a certain level or of course if an unexpected offer was received for the company, that would be hailed as a outstanding success, as it would secure jobs and help the company achieve its environmental targets due to SL having the most advanced solutions to achieve the objectives that PTD had set. Also note, it is not that long ago that new blood has headed up SL. Only a guess but a nice fit and as you also pointed out they are very good at stock turn,which would really breathe life into PTD if the stock turn was x 7. Even if a bid does not come along you can see the potential from looking at SL accounts and now everything is opening and PTD have two sectors that SL do not seem to cover well - gloves and shoes - the time is right to see the rewards that mirror those of SL particularly with all the companies sports related technologies that they now seemed to be focused on.
smithie6: this small but very arty/styled bag from Burberry is £1630 !!! hxxps://es.burberry.com/bolso-olympia-pequeno-en-piel-de-dos-tonos-p80347071 that is highly profitable 'if' a trendy desired bag could be made by Pittards in Ethopia using their labour rates, it would clearly make a good % profit margin (making gloves, too much competition imo ; & small margin) ---- a cashmere scarf £420 !! :-0 for a scarf !! ----- btw Burberry has a cap. value of about £ 8000 million !!! & nett cash of about £1000 million !! they could buy PTD at double its current price using just the money from the staff kitty for running the coffee machine !! ---- someone linked to Mulberry is a non-exec at Pittards yes, I had noticed. but 'if' they get any pay from Mulberry then they can't help PTD to try to take any mkt share away from Mulberry. Burberry, Mulberry....I just remember that Pittards turnover was £15 million last year & in recent yrs they struggle to make a profit, so since 2006 when the current MD took over the co. has shrunk while Burberry & Mulberry have grown & done well. So clearly Pittards has not shown any signs of being another Burberry or Mulberry, not in the period 2006-2020 anyway. All gonna change next month ?, I'll believe it when it happens !!, but I won't hold my breath.
clocktower: One of the BOD is a Mulberry man have you not noticed S. So I expect they purchase Pittards leathers and bearing in mind that Mulberry are doing much better than they expected and unlike many companies they do not have a sale on, and are doing exceptionally well in the Far East. Hence I suspect they are also buying a lot more leather from PTD this year. In fact with concessions in a lot of Frasers stores, who are now open and as Mike A has a decent stake in Mulberry must be motivated to promote the high priced leather products, which in turn must benefit PTD as they use top quality leather in every leather item they make. Do not forget that PTD also make quality bags etc.
smithie6: have to agree to disagree generally a good business is one that turns over its stock in a short time, & makes a % in doing so. & holds little stock of raw materials ('just in time' is a modern version of this, where almost no stocks are held & materials or subassemblies are supplied 'just in time' as needed by production. (this modern production metod, JIT, of implodes if just 1 production item does not arrive 'JIT' since the whole production process then stops !, while many overhead costs continue) at present PTD is only turning over its stock once every 12 months pretty terrible imo but phps there are some reasons that partly explain it phps they have contracts with the animal skin providers to buy X hundred/thousand skins per month, which is good for PTD since it gives them a steady price & a g'teed supply of raw material but if PTD don't then sell the resulting finished products they then get overstocked
clocktower: I have been doing a lot of research on PTD since yesterday and bearing in mind a number of factors, it seems to me that I might have been a little to negative about PTD's prospects. I have also been looking at the number of trades over the past three months, and more recently at the directors purchases along with the most recent statements about not extending the lease of their retail outlet, and changing to more online sales. I have looked at the company website and they seem to be sold out of a number of their ladies handbags, which I think is very positive, as they are not a well know brand or fashionable as far as I am aware anyway. Maybe I am wrong about that. The company seems to have changed and I think it is time for a new thread in line with the rising share price. As I am fully invested at present, I cannot buy into the story and it still maybe a little early anyway but I will soon start a new thread with a number of useful links that other investors may find of use. There is limited stock in free flow, so if there is a good RNS in the coming months it could soon run upwards quickly imo. However, if trading is not so good the downside is around 40p I guess. Overhang still being cleared it seems with a sale of over 100k today at 48.5p - so time yet to before starting to buy.
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