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Share Name Share Symbol Market Type Share ISIN Share Description
Pittards Plc LSE:PTD London Ordinary Share GB00BHB1XR83 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 62.50 60.00 65.00 62.50 62.50 62.50 10,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Personal Goods 15.2 -2.3 -17.7 - 8

Pittards Share Discussion Threads

Showing 501 to 525 of 1100 messages
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DateSubjectAuthorDiscuss
16/2/2015
09:24
spob, as per the Radiator articles, they are producing more finished product themselves, which means stock has a higher value.
oregano
16/2/2015
09:15
Things are warming up then! Would say Radiator are not a conventional PR spinner but more a brand awareness outfit. Still there is a better feel to things this year I think.Hopefully the share price can head towards 200p and not collapse again as in previous years.The key is the outlook statement.
meijiman
16/2/2015
08:40
Results next month - Pittards' PR company Radiator touting a "sales uplift" in the second half of 2014, even featuring Pittards as their December "Case Study", pleased the brand is taking off. See hTTp://www.radiatorpr.com/?p=1946
mark2market
13/2/2015
17:13
ok, but sales to inventory ratio is the lowest in 10 years Pittards never used to hold so much stock. It may not be of any great significance. I was just wondering why ?
spob
13/2/2015
16:58
it takes time to process the leather. and time to ship it.
oregano
13/2/2015
16:46
Why does this company hold so much stock ? Inventory £15m
spob
13/2/2015
09:26
Coverage from International Leather Maker: Pittards looking at threefold expansion Published: 06 February, 2015 Pittards PLC, the UK based tanner and leather products company investing in Ethiopia, has disclosed that it hopes to increase its production capacity in glove making in Ethiopia by threefold in the coming two years. Full story available to subscribers: hTTp://internationalleathermaker.com/news/fullstory.php/aid/1387/Pittards_looking_at_threefold_expansion.html#sthash.cZfJmOFa.uxfs
mark2market
12/2/2015
11:22
The threefold expansion now being picked up more widely, with extra detail: Pittards Increases Productivity by Threefold 10 Feb 2015 Asefa Mideksa Economy Addis Ababa February 10/2015 The British-owned Pittards Products Manufacturing S.C said it has increased its productivity by threefold. Pittards Products Manufacturing General Manager,Tsedenia Mekbib, told ENA that the company increased its productivity three years ago. The company, which entered the Ethiopian market by purchasing the government-owned Ethiopian Leather Company, has been exporting 100,000 pairs of gloves in a month during the past Ethiopian fiscal year, she said. Pittards has secured 4 million USD from the export. The factory has plans to increase its income and manpower, Tsedenia said, adding that it is currently working to secure 12 million USD. The factory produces gloves, leather garments, jackets and bags. The factory which had 80 employees three years ago has now 700 workers, the general manager stated. Ethiopian Leather Industry Development Institute Corporate Communication Director, Birhanu Serjebo said his institute has formulated a system that can help to increase the planned revenue for the Growth and Transformation Plan period. Some 64.18 million USD was secured during the past six months, he added. - See more at: hTTp://www.ena.gov.et/en/index.php/economy/item/380-pittards-increases-productivity-by-threefold#sthash.t3Snmb3b.dpuf
mark2market
06/2/2015
16:49
The plus side of the IC re-iterating their positive take on PTD is that ST has hopefully been in contact with the company, and has some visibility on the '14 numbers. It would be v embarrassing if they warned so soon after this recommendation. Hardly unknown though! ST's previous work was quite detailed, focussing on the asset replacement costs at around £2 from memory. A good find on the Ethopian expansion, well played on that one. A low cost production centre and taking more margin in house, as opposed to just sourcing skins over there, which is what they used to do.
oregano
06/2/2015
15:45
Eurovision - the strong $ is good for these guys. they price in $. £ weakened almost exactly at the completion of their H1.
oregano
06/2/2015
15:21
Indeed, good to see that patience is starting to pay off here, or at least the negative trend now seems to have bottomed out, and a positive trend emerging. Potentially interesting company, if anything comes of the expertise brought in from the ex-Mulberry Director - that was my main reason for buying in a while ago. PP.
paulypilot
06/2/2015
14:58
Nice to see growing optimism on the anniversary of the Mulberry connection being announced - maybe the goal of `doing a Mulberry' (20-bagger? 30-bagger?) is in play, with Pittards brands gaining international luxury cachet, and the Ethiopian operation expanding accordingly. Pittards currently featuring at various US trade shows, such as NY Now (hxxp://www.nynow.com) and Project Show Las Vegas (hxxp://www.magiconline.com/project-las-vegas)
mark2market
06/2/2015
09:45
This has the smallest market cap of Investors Chronicle 2015 bargain share picks (todays issue). This paragraph particularly caught my eye: 'Another element that investors are not factoring in right now is that the slide in Pittards’ share price last year was primarily caused by a share sell down from activist investor Peter Gyllenhammar, whose investment vehicle Bronsstädet AB cut its stake from 18.25 per cent to 2.1 per cent after the company ended bid talks with a potential acquirer. That overhang has now cleared and with shares in Pittards basing out, directors buying at the end of last year, and the company now enjoying a significant currency tailwind, a recovery in the share price looks firmly on the cards.'
captainhindsight
06/2/2015
09:22
Convincing break-out through the 200DMA, and out of the last six months' trading range - the 2014 decline largely due to one persistent seller, so no obvious resistance up to 200p (after all, NAV is 181p, so it's in deep value territory) Strong dollar boosting revenues and tripling of production levels to meet demand, this is starting to look very attractive.
momosu
06/2/2015
08:45
Yes one of IC's 2015 Bargain Shares....full list MTVW, CRS, HAT, PTD, INSC, REC, NPT, ARBB, ABDP, SGI
jaf111
06/2/2015
08:20
Must have been tipped. IC ?
envirovision
05/2/2015
14:43
Wow, a THREEfold increase in production!!! Pittards has always been a BARGAIN share, but now must be feeling very bullish for the future - great news that demand is good and they're planning this level of expansion! With this sort of momentum, who's to say the share price won't trundle up to the THREE pound level?
momosu
05/2/2015
14:19
Agreed envirovision....perhaps should have said Note big IF and WHEN!
jaf111
05/2/2015
14:17
Perhaps 2016/17 however in the meantime there's going to be a load of exceptional costs which will take away all visibility
envirovision
05/2/2015
14:01
Interesting....and probably very profitable IF it happens.....Note big IF...
jaf111
05/2/2015
12:59
No RNS from the company, but Google Finance has picked up on positive news leaking out of Ethiopia (see hTTp://www.2merkato.com/news/alerts/3559-ethiopia-pittards-to-boost-production-by-threefold): Ethiopia: Pittards to Boost Production by Threefold Written by Alemayehu Bacha Published on 03 February 2015 Category: Latest Business Alerts Pittards PLC, British company investing in Ethiopia, disclosed it intends to increase its production capacity by threefold in the coming two years. According to Pittards Project Manufacturing General Manager, Tsedenia Mekbib, the company made investment in Ethiopia’s manufacturing sector for the first time in 2011 after it bought the government owned Ethiopian Leather Company. In the past fiscal year Pittards earned USD 4 Million from the export of 100,000 pairs of gloves, Tsedenia explained. She furthered the company is working to boost Ethiopia’s foreign currency earning by 60 percent. Currently Pittards manufactures industrial and fashionable gloves, leather garments and jackets. Its factory, upon establishment, had 80 employees. Yet this figure grew to 700 workers and it is still trying to increase the number of employees to 1500.
mark2market
05/2/2015
12:52
Well there you have it -the first reason for lacklustre profits. I understand that the company will be citing poor planetary alignment and an outbreak of boils in the Ethiopian workforce as negatives............
meijiman
05/2/2015
12:36
Have you checked with company, may be no news update prior. Last years update was tacked on to a management change, so perhaps no news. The sterling issue has not gone away. The dress leather demand is under pressure with slowing far eastern growth. I am not expecting any surprises to the upside in the finals.
envirovision
02/2/2015
17:07
Trading update last year 6 February so news imminent.
jaf111
02/2/2015
15:24
Edging up could well blow its top upon some relatively good news imo
envirovision
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