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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
  -0.50 -0.8% 62.00 59.00 65.00 62.00 62.00 62.00 420 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 851 to 874 of 1100 messages
Chat Pages: 44  43  42  41  40  39  38  37  36  35  34  33  Older
DateSubjectAuthorDiscuss
14/5/2021
16:20
Take a look at the investors in vivobarefoot S - a RTO or merger would be ideal imo. That could also be behind the buying possibly.
clocktower
14/5/2021
16:18
imo the designs are new
smithie6
14/5/2021
16:07
As their bags are classics I guess they might still be making the same designs now. The real deal is the shoes imo. Big growth from their shops and online and ties with the Clark family. Does not get much better imo - they might do a RTO. :-) Https://www.vivobarefoot.com/uk/
clocktower
14/5/2021
15:52
in the video in the header for this thread for a photoshoot the model looks to have at least 3 different styles of Pittard's (or D & H) handbags
smithie6
14/5/2021
15:28
LOL - no they do not sell handbags ay Mulberry prices on the company website BUT they do own Daines & Hathaway selling wash bags at £150 plus and overnight bags at £500 plus and many of the lines are SOLD OUT. Or how about a Bar Set at a snip of £310.00 even one line of those has sold out. So I guess you could say they might be busy keeping up with retailers wholesale orders. Hopefully though they are selling them online and bagging a great profit margin. Https://www.dainesandhathaway.com/
clocktower
14/5/2021
15:25
if they could sort out the debt/gearing/excessive inventory situation the share price might double in response imo since a lot of the share price would be supported by tang. nett assets. but the high inventory has always been the situation, over years, phps it is dictated by the type of business it is, so personally I don't think they'll get the inventory to be reduced from 12 months to say 6 months worth (with corresponding debt reduction & reduction in finance cost & increase in profit) but maybe they will surprise me
smithie6
14/5/2021
15:12
difficult to say I think phps depends on whether the mkt sees any 'good trading' news in July as being temporary or long term & will also depend, at some time when the data is known, on nett cash generation & reducing the gearing & bank debt (in the end investors ignore all the blah blah blah & invest based on the numbers (& any change in trend in the numbers)) the co. needs to increase its profit margin they did take on product design staff which might produce a structural change, if it works (if they start selling lots of handbags at over £1000 then .....!)
smithie6
14/5/2021
14:52
Lets move on from the 400k shares and head back to the potential update in July or before maybe. As you know the order book was higher to start the year with, and with the reopening of businesses in general this can only have improved imo. You have highlighted all the other likely benefits like the exchange rates, and staff savings etc. so what do you think they will have to say in the update RNS? What numbers would you expect, and on the basis of the almost certain good news, where do you think the share price will be after the update?
clocktower
14/5/2021
14:22
about 105k shares bought between 14 May & 6th May, inclusive. 7 trading days. 1.4 trading weeks inferring , if used simple pro rata, that 8 weeks might give 600k shares. but if 1/3 of the buy trades were for the co. then just 200k shares & need to buy or issue 400k shares 'if' wanted the full number of option shares to be held in treasury. But phps there is no need, since new shares could be printed imo or phps cash given instead. (& of course at present none of the perf. targets have been met)
smithie6
14/5/2021
13:52
if the bod tries to buy 400k shares in the ~8 wks before the trading update it equates to 50k shares per week. if we assumed they bought 1/3rd of the shares being bought, it would mean 150k shares being bt per week by the mkt in total; & 150k being sold. = 300k shares being traded in total in the mkt =60k/day I think this is much higher than the actual mkt trading volume so personally I cant see it happening, not at 55-60p anyway ( at 60-70p one assumes there would be some sellers cashing in profit) ====== if there are only 10% of the shares in the hands of small holders then that is 1.4 million shares to try to obtain 400k of those shares (29%) in an 8 wk period, to me it looks completely impossible. (& J.Rendell has been buying I think at 55p so I can't see him being willing to sell any to the bod at 60-65p).
smithie6
14/5/2021
13:23
issuing 300-400k new shares , if needed, to put in treasury to obtain the total of 1.4 million shares to give to the dirs. JR might not be asked. ;-) most co. AGMs include a resolution every year to allow % of new shares to be issued by the bod without having to ask again for permission, but I haven't checked the AGM resolutions (but all were approved). (& doing so would help the co. cashflow by avoiding buying the shares in the mkt)
smithie6
14/5/2021
13:19
btw trading update due in July which could be good, noting that the order book on Jan. 1 2021 was the highest in 2-3 yrs
smithie6
14/5/2021
12:58
They already hold a fair number of shares between them,which they have purchased in the market from time to time, and the advantage of buying the 400k in the market is that their own shares also become more valuable. JR etc may also not be happy if they just issued new ones to satisfy the award.
clocktower
14/5/2021
12:53
issuing 400k new shares ('if' it is needed if the upper target of the perf. targets is reached) 40% to the MD . 160k shares. £160k 30% to the chairman. 120k shares. £120k. etc So, imo it would be very beneficial to the dirs if they issued 400k new shares. (while I see your possible (hidden) point, that if 'they' use co. money to buy shares in the mkt 'they' could help push the share price upwards to try to meet the perf. target, which is the share price !) ----- who knows, phps one option is to improve the financial & profit numbers (eg. in H2 2020 & in recent months) & report the results & then sell the co. to Mulberry or whoever made the approach in 2013 at 100p & qualify to exercise the options in full & get 10% of the co.: = £1.4 million. (£560k of it for the MD) & retire with the cash & then concentrate/work on how to spend so much money !!
smithie6
14/5/2021
12:09
It would not be beneficial to them to issue more shares S. They might buy them from outside the market though, so not to have to pay a big premium, on the other hand they might want to get the share price through the 60p mark, as it seems to be struggling to breakout but once it does there really could be a squeeze with so few free flowing. Chart looks good, seems to forming a cup shape.
clocktower
14/5/2021
11:47
If they are anything like David Cameron they will be leasing a privet jet for trips to Ethiopia (holidays) - and when the government said stay at home, did he forget which home he was meant to be at, and did he break the rules more than once flying between his three homes while he was pestering former pals for favours in the National Interest of Course. LOL - All the same they claim to be trying to save the planet and yet fly around in private jets, and its only when their dirty washing is made public that they loose their memories. Not to mention hiding all the share options etc.
clocktower
14/5/2021
11:28
buying 400k more shares to give to the dirs. for their options, if hit the perf. targets I don't think they will be able to buy them, noting that only a small % of the shares are in public hands so, imo they will just issue 400k new shares (compulsory pro rata purchase of the shares from shareholders is also an option but would produce some criticism imo so wouldn't be chosen as a solution imo) ------ a) pay a divi to shareholders, or b) reduce the bank debt or c) reward the directors I would prefer option a) or b).
smithie6
14/5/2021
11:17
imo hedging is hedging it is not identifying the impact of exchange rates on the accounts & on the financial perf. of the co. (selling in $ but 85-90% of staff getting paid in Ethiopian money). And skins bought in Ethiopia in local currency but sold in $. (which is all good news for Pittards & the profit, or it should be) -------- btw it can go the other way if the change in exchange rate trends in the other direction. Mobile streams had Argentina pesos as their biggest income but the accounts report in £. & with various costs in £. They got shafted by the fall in the Argentine peso (& then by on-going falling turnover).
smithie6
14/5/2021
11:06
S Do you think they have started to buy those 400k shares today, hence the pop up? If so do you think they could get hold of that amount under 70p by working it and shaking some out?
clocktower
14/5/2021
10:42
By golly S your getting good at your summing up of the likely situation. They did mention hedging in the last report S. :-)
clocktower
14/5/2021
09:48
clocktower I mentioned that exchange rate might be one explanation for the big fall in turnover per worker just seen the exchange rate chart for Ethiopia. falling currency the same as the Argentine peso, & the Columbian currency. but in line with a falling currency there is normally high inflation (since imports all rise in price in the local currency), which partly or fully counteracts the reduction the resulting value in dollars. (the skin providers in Ethiopia will be happy since they provide something that is needed & the price may well rise directly in line with local inflation, allowing them to continue to buy the same amount of food etc. Mr Rendell & the dirs may have been buying because of the exchange rate effects. The cost of products from Pittards Ethiopia priced in dollars, ~80% of sales are in US dollars, have fallen markedly imo. In theory giving the opportunity to increase the profit margin and/or reduce prices in $ & increase sales.
smithie6
14/5/2021
06:39
Your painting a very attractive picture S. See what happens to your brain when you become a conspiracy theorist.
clocktower
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
Chat Pages: 44  43  42  41  40  39  38  37  36  35  34  33  Older
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