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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
  -2.50 -3.91% 61.50 60.00 63.00 64.00 61.50 64.00 66,531 10:37:08
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 776 to 798 of 1050 messages
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
DateSubjectAuthorDiscuss
11/5/2021
21:15
2 company options schemes 1 for dirs & 1 for normal employees (SAYE scheme) The directors' scheme, the directors decided to extend the last date for exercising the options. They also reduced the lowest perf. target to start exercising process from 120p to 70p & reduced the exercising price to 51p. The directors looked at extending the last date for exercising options in the other scheme, for employees. And they looked at reducing the exercise price. They decided not to change either !! One mentality for employees options & the opposite mentality for the directors' options schemes ? (& also recall the pay cuts for management staff but not for directors) scores for the directors - motive staff 0/10 - lead by example 0/10 - lead by example in having values & principles 0/10 - motive staff by treating everyone in the co. with respect & consideration; & consideration of their aims/desires 0/10 - motive staff by sharing share options with workers/management & not just 100% for the directors 0/10 Overall 0/10 (if directors behave like this for these things, I don't think they will be very good at any other stuff, if they can't do the basic simple stuff)
smithie6
11/5/2021
20:29
I only just saw your last post S after I had posted my last post. All I would like to say to you, is I hope you’re posts are being well read but it is only if JR dislikes the current successful line up that things could change but then before you say nothing has changed, note the last period remarks about a return to positive EBITDA during the second half of 2020 as the cash flow improved significantly during that period. The re-shaped business is more agile and set for growth and the creation of longer-term value, and bear in mind the strong start to this year, I am just looking forward to hearing the next update as the share price should really take off IMO. I really hope they are able to reap rich rewards from all their share awards, as we also will S. So look on it with mixed blessings and rejoice as we might all be looking at more than £1.00 a share very soon.
clocktower
11/5/2021
20:18
S maybe there were less management numbers and that might have accounted for part of reduction of 27%. One thing you can be sure of though, it will only be the BoD and shareholders that reap the real rewards from the rapidly rising value of the company but think how many jobs the company supports in Ethiopia and the good works the company does. Maybe you should look at some of those video links I posted.
clocktower
11/5/2021
20:16
noting various stuff in the accounts which infers a low quality board of directors imo, as noted in the above posts. Perhaps you can't expect much in a co. with a cap. value of only £8 million ? but the bod still costs about 1/2 million & imo for that one can expect better than what is indicated as the bod quality in these accounts. another example page 62. Share Options "exercise price...70p" not true !! ffs ! exercise price is 51p not 70p !! 70p is the minimum performance target. this £1/2 million bod don't have one O level English among them ?! when one reads accounts one rightly expects to read truthful stuff !! pah. in neither the accounts nor the RNS for modification of the scheme is the scheme correctly explained/revealed. Why, imo to avoid any criticism of it (if ppl don't know what the scheme is or how it works, then they won't criticise it) ==== AGM resolution no. 1 " to receive the accounts" The MD thinks that shareholders will officially "receive" the accounts. Whereas there is supposed to be a vote by shareholders to see if the shareholders decide, or not, whether or not to "approve" the accounts as presented to them. It is not the same thing. It is yet another example of the poor conduct of the MD. (if I had > 5% of the votes I'd call a special meeting to replace him :-). Poor perf. for too long imo & got lazy imo & got the wrong attitude wrt shareholders (the co. owners & hence his boss :-) ). ====== phps some of these problems are the result of having 1 MD in the position of power for so/too many years. Easy to get used to being in power & phps losing/lost their drive & interest in producing truthful accounts & start believing that they own the company. Same happens with politicians in power in some countries for too long.
smithie6
11/5/2021
19:48
interesting (or disgraceful) the accounts (page 61) mention that dirs & management staff took a reduction in pay during the Covid crisis, to help the co. cope with the reduction in turnover & income dirs. total reduced from £480k to £470k a 2% reduction. management staff outside of dirs. £302k to £221k (a 27% reduction) so, 2% compared with 27% looks to me like the dirs. tell porkies & happily cut the wages of others but not for themselves !!
smithie6
11/5/2021
16:53
I can think of a lot worse S but I understand where your coming from but I am sure that if you are still holding a fair few from those heights and do not have the funds to average down (which I understand, as I was there many many years ago) you will at least be delighted to see the share price back to the £1.20 plus mark. Many would decide to exit just when they are able to make a further profit though, so I would caution against taking that action S. However, each to their own. I wish you well.
clocktower
11/5/2021
16:46
would it be fair criticism to comment that Pittards is perhaps the only listed co. imo rewarding its dirs if the share price just gets back to what it was when the news of Covid hit European stk mkts in Feb. 2020 ?! ----- the buying by J.R. is interesting he hasn't stopped over the last X months, going from ~15% to ~23% now. sure is a big punt !
smithie6
11/5/2021
16:37
I wish I had 23% of this Smithie6 especially when the share price goes through the roof at over £1.00 which I expect it do do before to long. JR was buying at lot some time back at around the 60's/70's and I believe at higher levels before that but now all the ducks are in line, and the stock is tightly held it is likely to really motor on the next set of good news, which if my research is correct will not be to far away. If I had purchased this stock at around £1.20 plus some time ago, I may well feel as you do S but what will drive the BoD now is lining their pockets, so all should enjoy the rewards that buy now or hold imo. Good luck though.
clocktower
11/5/2021
16:30
clocktower "it has taken them years to turn the tide and.." jury still out on whether that is true phps - lots of debt - large fall in turnover (£22m for 2019 to £15m for 2020) - big fall in EBITDA. +2m (2019) to -ve for 2020, 1.1m !! ----- "taken them years to turn the tide" & have they just repeatedly dropped the exercise price to get 10% of the company ? or was the recent drop from 120p to 70p the only time. 71% reduction in the exercise price !!, if measured wrt the new price of 70p. ----- Pittards has been around for > 100 years. If poor perf. of the directors was rewarded with 10% of the co. (obtained via share buybacks not by issuing new shares) then Pittards would no longer be listed since decades ago it would have become privately owned; 100% owned by the dirs. !!
smithie6
11/5/2021
16:28
you are not John Randell then, with 23% of the co. ?! --- you agree with some of the points that I have made ? incl - any/all share option schemes to take some of the co. assets should/must be voted on by the owners of those assets, the shareholders ! - that issuing 10% in 1 go appears to break the idea of a max of 10% in 10 years, since some shares have already been given out & also it would mean that no incentive would exist after this option package, & if the MD or the FD is changed in coming years then they can't be given any options, & that wld be nuts.
smithie6
11/5/2021
16:19
MRF, It seems I missed the boat on topping up, still I have a fair number now, and will sit and wait. MM were playing games, as you said it seems, still a few more weak holders out. Smithie6 - I note your comments but like many others my shares are held in nominee accounts and it is to much hassle to arrange the votes. Plus of course it is really down to the big holders like the one you have pointed out in your post. That said, it has taken them years to turn the tide and I would rather them be well rewarded in share options than salary and perks. The recovery is underway and I think current shareholders will just have to suck it or exit if the large ones are happy as I am in this case. Good luck anyway.
clocktower
11/5/2021
14:06
MRF - The MM maybe holding back a slightly larger sell because I can buy a fair amount under the last buy still. So I will hang on to see if there is a little drop and then have another nibble. In the meantime some might want to take a look at these sites and Pittard lovers: Https://www.altberg.co.uk/bootcare/history-of-leder-gris Https://landrsaddles.com/making-saddle/
clocktower
11/5/2021
13:17
It looks like there was only one sell. Market makers may mark it down to try encourage a bit of turnover and tease out sellers and you never know for sure but don't count on it, most of the weak holders have probably been flushed out.
my retirement fund
11/5/2021
11:36
Another sudden rush of buying this morning, and I was hoping for a little drop of a penny to top up. Still, I can buy a fair amount online, so I will wait to see if I can get more at just under 56p as the last trade was a sell. Still, a little bit more on PTD and it's good to see the recovery well on it's way now. Https://createlab.nosakhari.com/a-deep-dive-into-leather-goods-manufacturing-and-sampling-in-every-city-in-the-u-k/
clocktower
11/5/2021
10:47
A smart branding with an exciting future imo. Https://hookpolo.com/pages/about-us
clocktower
11/5/2021
10:23
These two videos one from March 2020 and the first April 2021 are well worth watching if you are considering investing in PTD imo. DYOR. Https://www.youtube.com/watch?v=wzGW-0wdSwE Https://www.youtube.com/watch?v=eqOGMYjgnU4
clocktower
11/5/2021
09:42
Good morning MRF, With the market going backwards this morning, will we see a few sells and a little drop, if there is I will pick up a few more after getting a nibble in early yesterday at just over 52p. However, like you if it continues to rise I will add also because as you say, it is sensible to average up, and the tide certainly has turned, and is rising steadily. I was going to post some of my research about the leather that Pittards sell to the equestrian trade today but, as the sun is shining and I was thinking about the cricketers I will start with the gloves they use, as the use of leather in sport grows all the time. Https://dkpcricketonline.com/products/dkp-pro-cricket-batting-gloves-pittard-leather Https://www.pryzmcricket.co.uk/blogs/news/tagged/what-is-pittards-leather Https://www.youtube.com/watch?v=PFxHdgZ0XKA
clocktower
10/5/2021
18:20
I had a little addition at 54p yes. Always sensible to be averaging up when the tide has firmly turned.
my retirement fund
10/5/2021
16:49
Https://internetretailing.net/operations-and-logistics/operations-and-logistics/hmrc-warns-traders-to-prepare-for-the-end-of-the-brexit-transition-period--and-to-avoid-moving-goods-until-they-are-confident-22487 CASE STUDY HOW PITTARDS HAS PREPARED FOR BREXIT Yeovil-based Pittards, founded in 1826, exports 92% of the performance leathers and finished leather goods that it makes in the UK and sells direct to its customers online, through its own luxury mens’ label Daines & Hathaway and through third-party customers. It uses freight forwarders to ensure that its goods get to the end customer on time. Since the manufacturer also ships goods around the world – beyond the EU – it says its export documentation can already be used for shipping to EU countries following the Brexit transition period, with no major changes needed. It has checked its existing practices with freight and customs agents and is now working with suppliers and retailers to prepare for new EU trading rules. That includes providing clearing agent contact information to suppliers so they can advise its agent of the goods before they arrive in the UK. It is also working on Incoterms with its EU suppliers to ensure goods travel on the correct delivery terms on import – communication between its purchasing and logistics team has strengthened as a result. It is also ensuring that it is familiar with the EU’s rules of origin regulations. Its freight forwarder is responsible for delivering goods on the agreed date and submitting customs declarations, checking Pittards’ export/import paperwork, classification and rules of origin, invoices and packing lists, so that the correct tariffs and values are applied. Reg Hankey chief executive of Pittards says: “Pittards exports UK manufacturing excellence around the world, we are proud of that and have firm plans in place to extend that trading, both in and beyond Europe. “As a global exporter with already exacting industry compliance standards, Pittards will able to transition to new EU trading, and our in-house logistics team with its international experience and expertise has laid a solid foundation for the transition. “Innovation is at the heart of everything Pittards does, from engineering performance leathers that are water resistant and antibacterial, for global brands and the military, to producing premium leather goods, and we will take that same innovative spirit and apply it to all that we do next year to ensure that we thrive.”
clocktower
10/5/2021
15:57
More Footwear Brands highlighting the use of Pittards quality leathers, I noticed. Https://www.musto.com/en_GB/pittards.html and major Golf Brands as stated in the article: Https://www.amateurgolf.com/golf-tournament-news/27612/Is-this-the-biggest-shoe-launch-ever--FootJoy-DryJoys-Premiere Https://www.footjoy.co.uk/en_GB/golf-shoes/ This ones only been available since March 2021 - with a company like this using the latest Pittard leathers, stakeholders can look forward to better times. Https://www.footjoy.com.sg/catalog/product/53909 Https://www.golfaustralia.com.au/news/footjoy-introduce-modern-classic-premiere-series-562092 As the racing and equestrian sport heads back to normal, with the summer season of showjumping and eventing - there will be a rush to buy new saddles and Pittards supply most of the leading saddle makers with their performance leathers - I will post more about that tomorrow, for those following this thread and clearly some might be the buyers today.
clocktower
10/5/2021
14:30
Have you been topping up again today MRF?
clocktower
10/5/2021
13:58
Followed for years accumulated from the lows, encouraged by insiders buying
my retirement fund
10/5/2021
12:41
Clarks family - vivobarefoot. Https://www.youtube.com/watch?v=x3OVfTPiFUc Https://www.youtube.com/watch?v=d5COuX1ThsA
clocktower
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
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