Pittards Share Discussion Threads

[meijiman] 27/9/2013 14:15

'There's a great business here'-so why has the share price been going nowhere. These shares should be north of 5p on most normal valuations. Its all very well offering a premium if the shares are 2p. One of the roles of management is to make sure that the share price fully reflects the company's trading and prospects. This lot has failed to sell the story effectively which is why the share price is languishing.

[addict] 27/9/2013 13:08

There's a great business here-could be transformed just by effective balance sheet management.The CEO has been building his holding over the past few months.

[coolen] 27/9/2013 13:01

Bronsstadet sold half their stake to Artemis.....my dosh is on the latter.

[oldtown] 27/9/2013 12:48

Bronsstadet AB

[meijiman] 27/9/2013 12:47

Yes but rejected. Im not close enough to have a proper view of the quality of the board but to my mind their low profile approach needs to change. If there is a decent business here then make people more aware of it. As far as I can see this company does little more than put out two releases a year and that the bare minimum. Why not up the game a bit? Trading news releases/ fund manager visits. Get on the front foot rather than hiding away.

[coolen] 27/9/2013 12:40

Any guesses from whom ?

[addict] 27/9/2013 12:11

Bid approach.

[addict] 03/9/2013 13:34

Agreed-the balance sheet management is a shambles-what is the FD doing here-with greater attention to working capital ratios this company could be transformed,reducing debt massively and paving the way for restoration of dividends.

[jaf111] 27/8/2013 11:00

Comment from - / Paul Scott....pretty positive!

hxxp://www.-.co.uk/content/small-cap-value-report-27-aug-loq-ptd-bpi-76540/

[addict] 27/8/2013 10:49

Why the bashing?If you hold,enjoy the improving picture.

[baner] 27/8/2013 10:47

the Chairman in general trumpets a lot - mostly thin air though!

[trewinney] 27/8/2013 10:40

The Chairman trumpets"Made in Britain",but has manufacturing in Ethiopia!

[addict] 27/8/2013 10:30

The CEO is driving the business,and he's been putting his money where his mouth is for months-check back over the months to see.This company was rescued from death row and is now on the growth path.DYOR

[baner] 27/8/2013 10:13

is this the same boyd who was thrown out of Swallowfield? he certainly was no success in that company and Pittards has been a constant source of disappointments too - time for a change of guards?

[addict] 27/8/2013 07:57

A pleasing turnaround in fortunes-and a likely return to the dividend list.

[lady liz] 30/6/2013 20:38

Since my last post we have seen repeated director buying from these very low levels, so I expect we will see plenty of upside from here IMHO.This could jump with just one good RNS. Good luck if you are about to back this old hack.

[meijiman] 16/5/2013 16:17

ceo has bt some more-maybe things are on the up here. Still this co seems to be a serial disappointer. Anyway here's hoping for better times ahead.

[meijiman] 29/4/2013 15:25

Rather old news now but I note that the ceo has bt some more.
He should have a good feel for whether this is the right thing to do.
Surely now time to put away the darts........

[meijiman] 23/4/2013 08:27

Possibly but Browalia tend to be hands off if they believe things are going OK.
Im somewhat reassured by the presence of Artemis as a major holder, as they tend to stay close to the story.
The Chairman and ceo also have skin in the game.
Its difficult to say much about trading as there is seemingly no news between the figures. Guess this suited them last year which for all sorts of reasons was a consolidation period.
If things are on the up the company should be more on the front foot.

[coolen] 22/4/2013 22:39

Or his in-and-out at the Swallowfield plc boardroom.

(Do we sense that a Scandanavian is pulling Mr Boyd's strings, I wonder ?)

[meijiman] 22/4/2013 22:03

Indeed and I hope he is not distracted by trying to sort out Axminster Carpets.

[coolen] 22/4/2013 21:49

The saddest aspect of this company is that allowed control to be almost "given" away to a third party by issuing literally millions of new shares in two heftyr tranches at, if I recall, just 1 or 2p each.

Before they printed confetti, the shares of Pittards had been trading at over 50p.

To his credit, I suppose Stephen Boyd has kept Pittard afloat but you could write a book about the long-term slide of the company.

[meijiman] 22/4/2013 18:16

You are missing the point here. The greater fool theory is normally ascribed to a dubious investment which you manage to exit by selling to the GFool. A reading of LL's posts would appear to suggest she is investing for long term fundamental value reasons-ie at some point in the future she believes the shares will be worth some multiples of what they are today.
That's more or less my position-I'm in here for the longer term. Assuming the company is a going concern it should be worth rather more down the track. As the company choses not to publicize itself or make use of RNSs we may have to wait a while.

[coolen] 19/4/2013 22:11

Thanks LL for a timely reminder of the market's ancient "Greater Fool Theory".

[lady liz] 19/4/2013 21:28

Is not everyone at the mercy of events outside their control, just look at Cyprus for example. As soon as you invest in any company listed on AIM you are taking a risk that is out of all but the directors control. Even the regulators stuff the shareholders and not the directors for any wrong doing. I guess you could all list a host of companies that have fleeced shareholders and enriched directors.Do we not all buy stock that we hope someone will pay more for in a short period of time?

LL