[ADVERT]
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 826 to 848 of 1050 messages
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
DateSubjectAuthorDiscuss
14/5/2021
00:19
takeover offer in Sept 2013 an approach was rejected, cash, as insufficient the offer was higher than 120p. Perhaps 150p, 160p. The big holders must be unhappy now that they didn't tell the bod to put the offer to the shareholders ! a few months later (in Feb. 2014) the non-exec. chairman of Mulberry joined the PTD bod. I wonder if the approach was from Mulberry ??!
smithie6
13/5/2021
23:26
interesting that accounts say that large shareholders have regular meetings with the bod & of course info is given out, which is not issued in RNSs yet those big shareholders have then bought shares in the market, J.Rendell has bought lots more. permitted/allowed ??
smithie6
13/5/2021
23:22
1) 'soon have surplus power' & for the last 15 years while the MD has been the MD ?, there has been plenty of time to add some solar panels imo, to reduce cost of power & improve profits but it looks like power is very cheap in Ethiopia, I think. 0.02$/kwhr so phps the use of solar panels would put up the energy price, if one assumed a lifetime of 15 years & maintainence/inspection costs ---- 2) The accounts give reducing the CO2 production as a co. goal. so even if Ethiopia has the power available the factories are still supposed to reduce their CO2 production
smithie6
13/5/2021
22:59
Ethiopia will soon have surplus power because of the dam that could cause a war because of water in the Nile, so why buy solar panels?
clocktower
13/5/2021
22:56
Back in the 90’s I read a study produced by someone at a US higher education establishment about added value. For example look at the polo shirts on the market - all much of a muchness but put a embroidered logo that cost 20 cents in China, India etc. and add anything upwards of 100% and maybe in a well known brand 1000%. Take a sandwich, add a relish , add a fancy box , cost negligible, extra profits substantial if you market it as luxury and can get away with it. No difference with the stocks we buy and sell, tart them up and the price rises.
clocktower
13/5/2021
22:55
(cost of energy consumption phps quite frightening 8 700 000 kwhrs ! at 15p/hour that would be 1.3 million pounds !! a big part of the costs when you remove some unavoidable current costs like the bod, finance cost, staff costs, cost of materials & yet it appears that despite the assumed high cost in buying energy that no solar panels have yet been put on the large roofs of the factories in sunny Ethiopia. at first glance that seems strange.
smithie6
13/5/2021
22:41
That’s the 7 years bad luck over then.
clocktower
13/5/2021
22:23
interesting Burberry share price has gone x10 between 2008 low & now !! (cap. value of 8000 million ! & there was me thinking they just did long lasting jackets (incl. waxed cotton jackets) for the landed gentry (& ppl wanting to look like landed gentry !)) will Pittards be able to copy any of that in coming years ?!
smithie6
13/5/2021
22:19
clocktower interesting, you have history in the sector of luxury brands ! nice/useful. not me, I struggle a bit with the idea of a name on a product multiplying its price by x2 or x3. But yes, buying a product with a fashionable name on it seems to be very important to the general population nowadays. Some of the Burberry bags are stunning designs & shapes (timeless, in 20, 50 years the shapes/designs will still look special) & I guess I can understand them being desirable for the rich/successful (& their wives ). Will Pittards be able to create special timeless stunning designs ? ....the ones I saw in a quick look were attractive but not stunning shapes like some of the Burberry bags.
smithie6
13/5/2021
22:00
It’s a marriage then!
clocktower
13/5/2021
21:54
ah ha, so the Mulberry Man is actually the chairman of Mulberry ! the co. has done well to get him to be involved with Pittards. ---- Interesting situation since surely Pittards is a competitor to Mulberry in the market of leather bags, & where Pittards is trying to increase its sales. I wonder what Mulberry think about that. Phps they think the sales of Pittard are so low versus those of Mulberry that its irrelevant to Mulberry.
smithie6
13/5/2021
21:46
They had to make some excuse, as they could hardly turn around and tell the whole truth and nothing but the truth could they, if they have been managing the situation to meet a planned result. I have no doubt that they will now be managing the stock in a manner that you have not seen over the past five years, and there will be huge reductions in stocks and it will be put down to the skills of the BOD having changed because of COVID and the reopening of business etc etc. Pat on the back folks, maybe they could do with a bit more diversity on the BOD as well.
clocktower
13/5/2021
21:28
btw inventory mnmgt was actually worse in 2020, not better as you phps think 2020 inventory. 15 million revenue. 15 million ie. enough inventory was held for 12 months of sales 2019 inventory 17.3 million revenue 22 million inventory for 9.4 months of sales ===== so, for 2020 inventory went from 9.4 months worth at the end of 2019 to be 12 months worth at the end of 2020. The dirs. report in the accounts that they did well. In fact it is obvious that they are wrong. The inventory of 12 months of turnover/sales is nuts !, ridiculous ! (especially with the numbers that PTD has for profit margin, cash generation, bank debt & cost of financing that high inventory). & I don't think it is possible to find any other AIM co. that has 12 months worth of inventory. Not one. (one might question whether the exec directors actually direct the different departments or just let each site & department do what they want !) (but perhaps the poor performance is fully included in the share price, close to a 10-20 year low & half of the nett assets !; which has made the shares 'interesting' ) & for example the (claimed !) cost reduction of 2 million pnds appears to only have been produced because the co. bank required it !! not sure if the exec. dirs could direct traffic...(ok, I'm convinced that the MD couldn't, as shown by the co. perf. since he took over in 2006) but hopefully the chairman & the 'Mulberry Man' (& the bank !!) can try to control finances, strategic changes, reduce the inventory & the debt & start making some profit !....after 15 yrs the MD has had plenty of opportunity !
smithie6
13/5/2021
21:22
PTD brands would never be compared to Mulberry so could never be considered competitive in any way, they complement each other. Mulberry went through a transition if you check S. Go back to around 1995 and they were run in a completely different way, and the prices of the bags were not anywhere near today’s mega bucks. I purchased a travel bag that I still have and is like new and of a design they still make. I paid around £175 for it and today it is £1350.00 on their website. I bought shares at around 50p in them a long rime ago, sold to early but only recently started buying back in at around £2.50 now happy to keep buying at £3.50 as they also are on the road to recovery.
clocktower
13/5/2021
20:49
this small but very arty/styled bag from Burberry is £1630 !!! hxxps://es.burberry.com/bolso-olympia-pequeno-en-piel-de-dos-tonos-p80347071 that is highly profitable 'if' a trendy desired bag could be made by Pittards in Ethopia using their labour rates, it would clearly make a good % profit margin (making gloves, too much competition imo ; & small margin) ---- a cashmere scarf £420 !! :-0 for a scarf !! ----- btw Burberry has a cap. value of about £ 8000 million !!! & nett cash of about £1000 million !! they could buy PTD at double its current price using just the money from the staff kitty for running the coffee machine !! ---- someone linked to Mulberry is a non-exec at Pittards yes, I had noticed. but 'if' they get any pay from Mulberry then they can't help PTD to try to take any mkt share away from Mulberry. Burberry, Mulberry....I just remember that Pittards turnover was £15 million last year & in recent yrs they struggle to make a profit, so since 2006 when the current MD took over the co. has shrunk while Burberry & Mulberry have grown & done well. So clearly Pittards has not shown any signs of being another Burberry or Mulberry, not in the period 2006-2020 anyway. All gonna change next month ?, I'll believe it when it happens !!, but I won't hold my breath.
smithie6
13/5/2021
20:47
One of the BOD is a Mulberry man have you not noticed S. So I expect they purchase Pittards leathers and bearing in mind that Mulberry are doing much better than they expected and unlike many companies they do not have a sale on, and are doing exceptionally well in the Far East. Hence I suspect they are also buying a lot more leather from PTD this year. In fact with concessions in a lot of Frasers stores, who are now open and as Mike A has a decent stake in Mulberry must be motivated to promote the high priced leather products, which in turn must benefit PTD as they use top quality leather in every leather item they make. Do not forget that PTD also make quality bags etc.
clocktower
13/5/2021
20:34
from Burberry's accounts "In addition, within full-price, our strategic pillars - leather goods and outerwear"...."Strong performance in leather goods..." & their turnover is ~£2300 million !! & underlying profit is ~£400 million a % bottom line margin of about 17% !!! so - there is high global demand for luxury leather goods - buyers are willing to pay a high profit margin to buy such named products but clearly Pittards have not been at all successful in trying to break in to that market. :-( can they start to achieve it ? (& is the MD, with 30 years at Pittards & the turnover on a downward trend towards zero !, the right person to drive/make changes & to create a brand (the last 30 yrs indicate imo that he doesn't have the background to increase the turnover or create a global brand)
smithie6
13/5/2021
19:55
selling the co. well JR is free to telephone possible buyers if he wanted ! ( J. Bloggs in China (selling luxury leather goods (Lacrosse, Hermis, Burbury, Mulberry, Tous, etc) & might like the idea of getting their products at cost price ! interesting, Mulberry was only founded in 1971 cap. value of £141 million & turnover of the order of £190 million from 0 to £190 million turnover in 50 years, not bad. (versus only £15 million at Pittards :-( after > 100 years :-( ) & based in the same county as Pittards ! (maybe Pittards could try to copy some of their business approach)
smithie6
13/5/2021
19:50
how many train make any use of leather ? I haven't seen many, perhaps in first class ? (could be quite a lot of m2 if someone was willing to pay the price)
smithie6
13/5/2021
18:38
Do you know of any other UK Tannery that has this technology? As I mentioned, suitable for Hospitals, Care Homes etc - A game changer with the Upholstery trade and lots of other industries that want to eliminate 99.99% of bacteria - Sounds just like bleach - Trump would approve! :-) "Tri Protex® ; comprising 3 separate anti-microbial technologies bound together to form one synergistic umbrella technology. Pittards technologies MicrospikeTM and Microdefence® together with Micro-FreshTM, create a protective environment throughout the leather structure destroying microbials. Pittards Tri Protex® conforms to AATCC100, achieving 99.9% elimination of bacteria." "Pittards Explorer FireblocTM leather has been designed specifically for the management of heat and fire resistance where the highest performance upholstery leather is required on rail transport. Using advanced chemistry and innovative manufacturing techniques. Pittards has imparted high performance heat management, smoke, toxic emission control/suppression and fire resistance to upholstery leather which conforms to EN45545-2 2018, the European railway standard for fire safety."
clocktower
13/5/2021
18:17
From 2018 - Hong Kong Https://www.youtube.com/watch?v=iEmH27s652E
clocktower
13/5/2021
18:15
No S - to me it means they have decided its time to make hay for themselves, and any new or remaining major shareholders, so they chop £2 million from costs, start eating into the stock pile - which was dropped by £2.3m from when they "changed" in H2 2020. So at that rate even, expect full year drop of no less than £4.6m, and as everything is opening up and they have added more manufacturing in Ethiopia - I would suggest the stock might drop by £5.5m. "Reduced cost base by £2m, changed operating model " you understand what "changed operating model" means" I would also suggest they might use some of that ££7.5 million to buy approx 400,000 shares to add to the 900,000 plus they have already acquired, which they obtained approval for at the AGM. or they have a international company looking to buy the whole joint + JR + ( * )= % Will we see more sellers tomorrow? Have a good evening S.
clocktower
13/5/2021
17:46
has Pittards got any presence via agents in China or Asia ?
smithie6
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
ADVFN Advertorial
Your Recent History
LSE
PTD
Pittards
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210917 16:11:13