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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 901 to 922 of 1050 messages
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
DateSubjectAuthorDiscuss
21/5/2021
13:04
Apparently there is a business study published in March 2021 about Pittards supplying Louis Vuitton leather in Europe - the article is behind a paywall I am told - have you read or heard of this S. I am not sure if it is fake news or not, mind you but if anyone can confirm it or otherwise it would be helpful. Additionally, I understand that following all the problems a short time ago with the blockage of the Suez Cannel, supply of certain hides became in short supply forcing the price up - I am not sure if that is correct either but it was reported in an article that I read online, as well as a rumour circulating that there was a buyer looking to purchase a Tannery in the UK because of possible supply issues. I believe it is in a market report at Leatherbiz.com
clocktower
20/5/2021
22:21
...but also needs to report on-going profitability, to help make that discount to nett assets more appealing to share buyers, which has hopefully continued from H2 & is why dirs & J.Rendell kept buying shares ;-)
smithie6
20/5/2021
18:28
This sums it up fairly well S. Https://suite.endole.co.uk/insight/company/00102384-pittards-plc?page=overview Net assets over £13m = over 90p a share Https://uk.advfn.com/p.php?pid=financials&symbol=LSE%3APTD Current Market Cap £8m
clocktower
20/5/2021
17:17
"you're a figures expert" you are too kind Value in Ethiopia. no idea, 2 sites but I do know that the tannery site is very big I think, lots of m2. fairly modern for Ethiopia I think I recall. quite good for control of pollution I think I recall. moving it or using less m2, perhaps difficult ---- + some Capex this year & last yrs. to reduce costs which also increases the value of assets but UK and/or Ethiopia ??
smithie6
20/5/2021
17:11
they had better not let the factory workers use the coffee shop with the luxury leather goods !! :-0 no way !
smithie6
20/5/2021
12:18
Featured and advertising in May 2021 Conduit Magazine. Https://issuu.com/glenncoombsshelleys/docs/85589_conduit__may_2021__issuu Having McDondals nearby might help make their coffee shop get busy though S.They got a Five Star Hygiene rating in 2018 for their Abyssinia Coffee Shop at Pittards - so small it maybe but I guess they opened this to keep the customers and factory workers a place to meet. Https://www.scoresonthedoors.org.uk/business/abyssinia-coffee-shop-at-pittard-plc-somerset-548128.html Https://www.flickr.com/photos/lucymelford/51129996341/in/photostream/
clocktower
20/5/2021
11:57
Smithie6, Let us say the factory is now worth around £4,000,000 - at the last count there was £15,000.000 worth of stock and what do you think the assets in Ethiopia are worth? Plus not to forget goodwill value etc, then we can deduct the debt and I think by then most will agree that the company is well undervalued at half of the price that funds were raised to purchase the factory back in 2015. Your a figures expert, so how do you see the numbers S?
clocktower
20/5/2021
11:49
I agree S but I am talking about the site value now now not burgers. :-)
clocktower
20/5/2021
11:47
McDonalds is obviously a low cost food destination. The customers for luxury bags are statistically more likely to be found at the local Thai restaurant or some smart eatery.
smithie6
20/5/2021
11:46
Lets look back to around May 2015 when money was raised to sort out the pension issues in 2007 and then buy the factory back 2015 - I wonder if the book value of the factory has increased since 2015 and will the arrival of McDonalds nearby add value to the site. Money raised at £1.20 then, so some of the big shareholders must be nursing losses even though they might have averaged down since I guess, still that may soon change. "Pittards, the leather products manufacturer, plans to raise £5.8m through a share placing to fund the purchase of its Yeovil facility. The company has agreed a conditional contract to acquire it Sherborne Road premises for a consideration of £3.6m. To fund the purchase, it has announced placing and open offer of up 4.8 million ordinary shares at a price of 120p per share. Pittards also intends to accept a mortgage offer from Lloyds Bank to cover £2.1m of the purchase price. In 2007 the company completed the sale and lease back of the Yeovil 140,000 sq ft site, raising £3.1m. It entered into a ten-year lease at an annual rent of £254,000, revised upwards in July 2012 to £272,000 per annum. The proceeds of the sale were used to repay a loan of £3.18m from from trustees of the company's pension scheme as part of arrangements made in 2006 in order to resolve the deficit on the pension scheme. In a statement, the company said: "The directors firmly believe that the acquisition represents an excellent opportunity to secure the freehold of a purpose built leather production factory from which the group has operated successfully for over 50 years, without disruption to the established workforce and with associated support services and scope for further expansion, which the company is unlikely to see again for a considerable time."
clocktower
19/5/2021
22:02
McDonalds interesting "The drive through entrance will be almost directly opposite the entrance to the Pittards shop and factory on the Flushing Meadows side road." although I guess that the factory shop sales are not that material for the annual turnover of Pittards But if Pittards had a hot product, who knows; well they will have a big traffic flow at their door. but perhaps only a small % of McDonalds clients are potential customers for a £300-500 bag.
smithie6
19/5/2021
21:05
clocktower in case you thinking that someone might read this thread that can whisper in the ear of someone at Pittards, let me give some comments 1) at the Pittard website if one clicks on "shop now" (on a mobile phone running android, probably the biggest group of site visitors) it lands on a page that says "Gardening & work gloves" & no other option is visible is that really the sum of Pittards or the main on-line shopping offer ?? "gardening & work gloves" ! 2) the screen display presented to potential buyers is, well, terrible. (viewing it using a phone in vertical, which is of course the std. way to use a mobile phone) a woman wearing a back satchel/bag in the lower part of the screen, well she has had her head cropped off in the photo !! & she has a dark bag on her back, is that really the most attractive/stylish & colourful bag to show as the main photo for "bags" ? (no it is not, the blue mini duffel bag is much more appealing) & then there is a fraction of a photo on the right hand side of the text "Gardening & work gloves" & a fraction of a photo on the lhs. :-( perhaps the idea is that it looks trendy but it looks a mess imo, it looks terrible & the text "New Range" on the left side needs a small space inserted before it to separate it from the fraction of photo it is next to. 3) the correct page produced in response to "shop now" should of course show the different main product categories that are being offered by Pittards & I suggest that bags should be the first category to be presented since it is the most prestigious, & not "garden & work gloves" ! (which are low price & low profit per unit) 4) visitors are looking to shop for leather products yet there is no mention or link to products from Daine & Hathaway. Is that perhaps a mistake ? I think it is. would it not make sense to include a link on the Pittards shopping site to the site or products of Daine & Hathaway, & vice versa ? 5) money has been spent on models & video crew & photography crew yet the male model is wearing gloves that are imo are too big for his hands & look baggy; & hence look poor imo. If that male model has skinny hands & skinny fingers, not very suitable for modelling of Pittard men's gloves, then that should have been found out before the actual photoshoot. 5b) the male model is shown using smart black gloves while carrying a thick log Are these really being marketed as work gloves ?! Basically they are not suitable gloves for the work being done. The correct gloves to use need to cover the wrist (& the thin skin & veins in the inner side of the wrist), ie. gauntlet type gloves. 6) Has the photo & video shoot material been used ? For example, I don't see that much of it on Youtube. 7) Have products been reviewed or presented by influencers on Youtube ? I don't see anything or much. While I have some shares in a different company & 1 product they make is vegan pies & I can open Youtube & see videos of different people eating/testing these pies. Why hasn't Pittards & D & H done something similar for the Pittards products ? 8) & as mentioned before the spelling of "10% of" is spelt wrongly. ------ if the MD was any good then these errors would not be there imo Successful people, Gary Linneker, Christain Ronaldo, Einstein, Elon Musk, Bill Gates etc etc they all have some things in common :- interest & determination & dedication & hard work (& trying to achieve good level/quality/standard) Does the MD have these qualities or is he 'not that bothered' ? (after 15 years being the MD & 30 years at the co.)
smithie6
19/5/2021
18:15
A lot more potential customers very near to the McDonald's due to be built in place of a garage site very near to Pittard's - If their factory outlet was easy to see and access from McD's they might pick up a fair amount of retail trade, if they were to signpost it well as a factory outlet for seconds, be it skins or imperfect bags etc. Https://www.somersetlive.co.uk/news/local-news/new-mcdonalds-a30-yeovil-gets-5296865 Is this another product made in the Somerset factory, as they use Pittard leather. Https://tayloryates.com/pages/made-in-britain
clocktower
19/5/2021
13:03
Attention to detail is important, I agree S but COVID made them turn to the internet - at long last and they have clearly found new energy as they stated this in the Results in March: "As a result of COVID-19, our retail venues were forced to close and we decided not to renew our lease at Clarks Village, Somerset, and to focus more on digital channels which achieved increased sales this year." The new website clearly helping achieve increased sales - and the new website has not been up that long either, and certainly the bag offerings are improving in design and value - In fact I would say the new website pages that offer the bags for sale is quite slick. I may try buying a bag as a gift to see how well it all works and to see if they deliver to secondary address (not the payers).
clocktower
19/5/2021
12:58
if the recent months have been good (as the buying by dirs & J.Rendell might infer) then we should be told this in July, in the trading statement if not before.
smithie6
19/5/2021
12:49
"They have been missing the designers and ideas people in the company for far to long." I agree 100% with that. However, I have some doubts about whether the current MD who has been at the co. for 30 years has the right skills to support a push into an internet/marketing brand type operation. But phps the chairman will provide the required direction. Some of the current marketing shows a lazy can't be bothered atmosphere imo. And in a competitive world that is no good. eg. text on the Pittards or Daines website offers "10% of discount" instead of "10% off discount". (spelt with 2 fs) If you are trying to offer luxury leather handbags under 'quality Made in England' marketing then you shouldn't be making basic mistakes in English.
smithie6
19/5/2021
12:10
No exactly S - not something new but to design and feature a prestige gardening range, as a separate web page on the site, that included the bags, gloves and a range of other leather/canvas garden accessories would be a big hit and one would get a huge amount of free publicity in a whole range of the gardening media, let alone giving a few away to gardening influencers. They could produce things like waist pouches to put the clippers in or a handy leather tool bags to put things like a trowel, cutters and twine etc in. I could think of a huge number of items that could form the base of a branded range. They have been missing the designers and ideas people in the company for far to long. I wonder if it was the members of the Clarks family that approached them about making shoes in Ethiopia?
clocktower
19/5/2021
11:23
Pittards already makes some gardening gloves from bits of unwanted leather, at a lower price wouldn't be something new
smithie6
18/5/2021
16:20
Amazing how many top footwear brands/companies are using Pittards leather and promoting it as well. Https://int.berghaus.com/on/demandware.store/Sites-brgrowgbp-Site/BRG%3aen_MU/GeoShow-Content?cid=brasher-technology
clocktower
18/5/2021
13:29
Https://www.leathermag.com/news/newsethiopia-launches-agro-industry-park-8738924 Https://tayloryates.com/blogs/news/first-post Https://www.kuiu.com/attack-glove/80125.html Https://rab.equipment/eu/guide-2-gtx-glove Https://www.musto.com/en_GB/pittards.html Https://issuu.com/tobeouterwear/docs/2021_catalog_r Https://www.five-gloves.com/en/glove-type/2-4-street-wp/
clocktower
18/5/2021
13:09
I wonder what % profit Pittards get from making Vivobarefoot shoes, noting that the advertised price is high (£150 !), especially for something using thin leather & a thin sole.
smithie6
17/5/2021
16:18
I thought we would see a few more sells today as Fridays bid was a new recent high, it seems that so far few are willing to give up this tightly held stock. We shall see in the next couple of days if more come out of the wood, so I can top up a few at a lower price.
clocktower
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
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