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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 551 to 574 of 1100 messages
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DateSubjectAuthorDiscuss
24/9/2015
17:38
I cannot see Reg Hankeys buy that looks like an weak attempt to slow or halt the slide will have much effect in current markets - maybe if he had bought 50k it may have.
clocktower
23/9/2015
16:59
MRF - "Pittards remains a global brand dedicated to the manufacture of innovative, high performance leather and more recently the design and production of leather goods" They are now designers and producers of leather goods, not just producers/finishers of leather, and that could be the attraction as it could extend the areas that MUL have a skilled workforce to produce, bearing in mind the sale of handbags has suffered as have their figures. MUL market cap over £500 million - PTD Market Cap around £14 million
clocktower
23/9/2015
16:31
Yes this stock position has been running for years. How can the same utter incompetents keep going year after year. The Mulberry man seems unable to add much to this story.
meijiman
23/9/2015
16:27
Mulberry. ...what they may do is take a tranche of stock below cost from Pittards but as to wanting to bolt on a leather processor thats a bit like saying General Morors may want to purchase FXPO because the use a lot of metal.
my retirement fund
23/9/2015
16:23
Looks like IC are to embarrassed to admit they ballsed up big time.No mentio of future writedown but as has been pointed out that is exactly what they are going to have to do as its now well beyond being buried in a fabrication of margin reduction forecasts which a lot of incompetent managers choose to do.
my retirement fund
23/9/2015
16:03
You could yet see the likes of Mullberry bid for the company, as it would slot into and underpin it supply chain in it`s business.
clocktower
23/9/2015
15:54
Watch out for the inventory build up - stock now well in excess of 50% of turnover is a very stark warning signal, in particular when general market is softening. there is a clear risk we will see significant provision requirement in this inventory, while production will have to be reduced in order to adapt to lower sales volumes. it has been said Before and needs to be said again; this Company seems to have one of the most incompetent CFO´s there is to be found in the market today and it is irresponsible of the chairman to allow this to continue. if not a surprise......
baner
23/9/2015
09:59
Just read Paul Scott on the usual site he opines from. This is a basket case. New management needed which has been evident for years -but nothing ever happens. That's his view anyway.
meijiman
22/9/2015
13:44
Pittards share price leathered Shares in Aim-traded leather goods manufacturer Pittards (PTD: 106p), a constituent of my 2015 Bargain share portfolio, have been marked down 17 per cent this morning after the company issued a profit warning alongside its half year results. The company did deliver the profit uplift I was looking for in the first half of the year: operating profits rose by half to £752,000, albeit revenues were down 10 per cent to £15.6m. The fall in turnover was as a result of a reduction in demand for military orders, the timing of the cold winter period in the US affecting dress glove leathers, events in Russia and lower demand in the golf category. However, favourable currency movements, price increases and lower hide prices (reflecting the fall in global demand) meant that gross margins jumped by three percentage points and gave a boost to profits which more than compensated for the revenue shortfall. The problem being that the economic chill from Asia, and the economic slowdown and turmoil in China, in particular, have reduced demand for leathers in July and August, a trend that was confirmed at international trade fairs attended by the company recently. As a result analyst John Cummins at house broker W.H. Ireland has pulled back his full-year revenue estimate from £37.5m to £31.5m and downgraded pre-tax profit estimates by a fifth to £1.6m, implying a flat profit performance on 2014 rather than the recovery I was anticipating. On this basis, expect EPS of 11p. Mr Cummins has also taken a cautious view to prospects for next year too, reining back revenue estimates by 14 per cent to £34.1m and pre-tax profit forecasts from £2.2m to £2m. The profit downgrade is far less severe than the revenue decline due to the improvement in gross margins (forecast to be 23 per cent for both 2015 and 2016). Still, this is a marked turnaround from the trading outlook earlier this year when there appeared potential for volume increases to boost Pittards’ earnings. The positive being that the company should be able to deliver on the revised analyst forecasts as I foresee the three factors underpinning the improvement in gross margins continuing for some time yet to support profits and compensate for some of the revenue headwind the leather industry is facing right now. Moreover, the bad news looks priced in for a company forecast to turn in a flat profit performance this year. That’s because with Pittards’ offer price falling this morning to 106p, down from my recommended buy-in price of 129p, the forward PE ratio is very modest at 9.5 and the shares are trading on a chunky 38 per cent discount to net asset value of 171p. Hold.
philw2009
22/9/2015
12:12
IC constantly sucks in mugs. Yes no doubt it will be a buy at a £1 -arf arf.
meijiman
22/9/2015
11:43
Most likely IC will review their tip and reprice their recommendation at £1 like they did after they tipped it at £1.90!!!!!
renew
22/9/2015
08:59
The issue here is not a softening of market conditions- there is not much you can do about that -more the opportunities missed over years and years to restructure or sell this. Clearly if the main shareholders are happy with the way things are then its a vote for more of the same. You may well be reading a release in 2021 talking of softening market conditions blah blah and the shares at a pound.
meijiman
22/9/2015
08:58
Know doubt investors chronicle will be tipping them saying they dont understand why since their last recommendation its done so badly and how it looks even better value now etc.
my retirement fund
22/9/2015
08:04
Today's figures and report show the same old pattern as established for many years, those that stumped up the cash for the purchase of the property and extra funds will be very concerned unless of course most had already been dumped one way or another. imo this will soon be sub £1.
clocktower
21/8/2015
15:03
The sort of incessant tipping from rags like IC do nothing to stop greedy and unfair managerial practices which only serve to cheapen intrinsic equity value and dividends.
my retirement fund
26/6/2015
12:31
My plan would be to reduce the salaries here pro-rata to the company's underperformance against the wider market. That would shake up this bunch of deadlegs....
meijiman
26/6/2015
12:08
So they are rewarding themselves generously on Sales Growth, not on profit growth or on dividend payment and growth, or even share price growth but on sales growth. The board have failed investors year after year and still have the nerve to reward themselves before investors imo. www.investegate.co.uk/pittards-plc--ptd-/rns/long-term-incentive-plan/201506261200023505R/
clocktower
20/5/2015
11:41
Have to agree with most of these posts. Unclear how/why this dozy management retain their positions when year after year there is nothing for shareholders. Guess it boils down to 1. Weak Chairman not wanting to rock the boat 2. Insufficient pressure from the main institutional holders to initiate change. I thought Godfrey might wave magic dust here-maybe he still can. They seem more bothered about Ethiopians than Uk shareholders. Even the broker notes don't make much of a convincing case for why these shares are attractive.
meijiman
20/5/2015
11:08
my 2 cents: -they keep burning cash, year after year (so no dividend) -another issuance of stock to support business -inventory is building up -management is talking about how undercapitalised their business is, instead of focusing on return on capital. -Peter Gyllenhammar has completely sold out (he timed this one pretty well; made a decent profit from the restructuring and on he goes). full disclosure: I've sold out a while ago. I need to see signs that the management is taking a different course before I get back in...
john980
12/5/2015
16:18
With regards to the ugly face of pecking orders. Most plc's manage to get away with aving over their shareholders by putting the board infront of them.Ptd seem to get away with it by putting customers, suppliers, staff, management, the board, the whole cher bang infront of its shareholders.
my retirement fund
12/5/2015
16:10
To many is the answer. Not in the habit of creating shareholder value so proves the trackrecord.Pitty the long suffering shareholdersIf there are any left that is.Most have come and gone.Gylhammer even left with his tail between his legs last year after having supported the pre consolidation fund raise last time.
my retirement fund
12/5/2015
15:53
Any long term holders here ? Just wondering how many times have pittards done a fund raising over the last 10 years ? Anyone know ?
spob
12/5/2015
12:57
Recommended in IC again today by Simon Thompson. I bought a small amount for my SIPP because I couldn't resist it for some reason. What the hell happened between 2004-2008??
philw2009
08/5/2015
15:00
Goods news as far as buying the factory back but there is dilution and it might take some time to start seeing some upside on the share price imo.
clocktower
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