Pittards Investors - PTD

Pittards Investors - 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
more quote information »
Industry Sector

Top Investor Posts

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: The chairman is the deal maker, that is why he stands to get very well rewarded if the share returns to previous high levels or had an instrumental hand in striking a deal that is beneficial to some, and the likes of you and me S, that already are just in the blue but I agree with your morals and reasoning about what might be regarded as ill gotten gains though the adjustment of awards. However, I would rather they be rewarded than fail to even recover some old investors money, even if is only a part of it, it is better than them loosing the lot. It seems that very few people have a conscience or sense of moral duty and integrity when it come to money these days. No longer is ones word ones bond and that goes all the way back, even to the Monarchy when they gave their word for peaceful talks, then arrested them, only to have them hung drawn and quartered. Nothing much changes, the place is still run by a mafia one way or another. The market handles money made from illegal drugs one or or another, which is legal in some countries, and yet the country jails people for cannabis but not for money laundering because it has been earned in a country where recreational drug use is legal. Or one could suggest that it is drugs that the police want or are informed to crackdown on as they are a threat to others that run the mafias. Still PTD is a clean business and at least every bit of leather is biodegradable, and SL are also concerned about animal welfare and base their business on good practice. Going back to what you were talking about China - their is a You Tube video of Pittards from a couple of years ago, at the HK show talking about the importance of the market in the Far East. I will look for it tomorrow.
clocktower: Interesting line of investors in Vivobarefoot that could really take out PTD and run it more successfully that it has been over the past years plus they might get the likes of Nike, Prada and Timerland to use Pittards leathers. So it could be a win win situation for everyone imo. Https://www.vivobarefoot.com/uk/investor-relations "Who are the existing shareholders? Stella Investments Overseas Ltd: 17.5% Clarks Family: 75.5% Crowdcube Investors: 7% What other interests do the shareholders have? Stella International own a number of brands: Stella Luna, What For, Balmain and a large manufacturing business making for companies such as Nike, Prada, Timberland and Ecco. Galahad is a non-exec board member of United Nude, Worn Again, Clarks Shareholder Council, Crossway foundation. Asher is a minority shareholder in the Columbo group and Clarks shoes. What is Clarks involvement in Vivobarefoot? Although 80% of the shares are owned by members of the Clarks family, the Clarks business has absolutely nothing to do with Vivobarefoot."
clocktower: Take a look at the investors in vivobarefoot S - a RTO or merger would be ideal imo. That could also be behind the buying possibly.
smithie6: difficult to say I think phps depends on whether the mkt sees any 'good trading' news in July as being temporary or long term & will also depend, at some time when the data is known, on nett cash generation & reducing the gearing & bank debt (in the end investors ignore all the blah blah blah & invest based on the numbers (& any change in trend in the numbers)) the co. needs to increase its profit margin they did take on product design staff which might produce a structural change, if it works (if they start selling lots of handbags at over £1000 then .....!)
smithie6: 2015 RNS. share option scheme for dirs 1/2 of options with perf. targets linked to the growth in EBIT & 1/2 linked to turnover I think ----- options were priced wrt 120p the price that money was raised at in 2015. Personally I do not think it is morally/ethically correct to give a % of the assets/cash raised in 2015 to the same MD as asked for that cash raise at any price below 120p. If he had told those investors that he would get rich by the share price getting to just 70p (50p lower) then those ppl would not have invested £5.5 million. If he departed & a new MD then tried to get results, then the new MD could morally/ethically get some options without reference to the 120p, but not the MD who raised £5.5 million at 120p. ------ if the share price were to fall to say 35p, would the directors just change, again, all the conditions for the dirs. share options ? sorry, but its not ethical imo. If an MD can't get his options to be 'in the money', one assumes 'cause he is not very good, then in my opinion he should phps just leave & give someone else a chance; rather than change the performance requirements & the exercise price, just to suit the dirs. !! ---- at Northbridge they didn't do that. (ok they did endlessly issue new options to the MD at ever lower prices ! but he finally retired at 68, with 1 million options still 'out of the money' !) The co. performed poorly over 15 years (due to the collapse in oil exploration drilling due to the fall in the oil price).
clocktower: MRF - I agree with you 100% and after doing all the research I did I changed my view about PTD that I had previously held, some of the research I am now posting on this thread, so other small investors can see and make up their minds about taking advantage of the current low share price or maybe not. This is only my opinions, DYOR and others may take a different view and I welcome them to post them on this thread, as all are welcome. Still, good to see more buying this morning. I know this is not going to be a multi bagger but I reckon a safe and sound investment now. Have you held the stock for long MRF?
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.
clocktower: MRF - many do so to provide a air of confidence and get small investors to stump up cash to keep them in the style they become accustomed too. Spend £10k on shares draw a fat salary and perks and pension and laugh all the way to the bank.
clocktower: Directors buying does not always suggest that it is wise to follow them, in fact there ability to provide small investors with returns is a better reflection of the companies health, and the best reason to invest or otherwise. In this case, they have repeatedly proven they are best suited at supporting jobs in Ethiopia. Maybe the directors would be best suited to running a charity, as investors money has supported them in better style than the 1000 they say the company supports in Ethiopia. Best they ship any stock still being warehoused there back to the Uk or another safe place.
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