Pittards Share Discussion Threads

[clocktower] 15/6/2021 12:52

Back in March Pittards were seeking extra sewing machinists, so one can assume they had an increasing number of orders/contracts to fill, and were upping production.

Hopefully we will hear about the progress before very long, which should positively impact the share price.

[clocktower] 15/6/2021 09:53

How can the auditors have signed off the full company accounts on 23.03.2021 and yet not signed off one of the subsidiaries until 21.05.2021 ?

[clocktower] 15/6/2021 09:31

Yes -S but I would like to see more transparency within the accounts and more information about the subsidiary companies, although all fully accounted for in the main accounts.

Using these subsidiaries, without fully understanding the intricacies leaves a lot to be desired.

For example: Company number 00792101

PITTARD GARNAR SERVICES LIMITED who's entire revenue comes from Africa.

Which can be seen on the Companies House Website.



Still, if Ethiopia returns to the revenue or betters that of 2019 the beneficial impact on PTD should be very favorable imo. In particular the improving sales of footwear and arrangement with vivobarefoot.com

It is worth noting that the auditors only signed these accounts off on 21.05.2021 after the AGM on 14.05.2021

[smithie6] 15/6/2021 08:54

ah

you understand why a previously booked trade has been re-booked, at the same price ?

[clocktower] 14/6/2021 22:53

Not so S - that was the exact number the company published in last weeks RNS. It really should have been shown on Fridays Trades or "L" today.

"The Company also announces today it will undertake a Corrective Share Buyback utilising the Authority. On 16th November 2020, the Company undertook a share buyback of 934,210 Ordinary Shares at a price of 38p per share. This transaction is now being rebooked with WH Ireland at the original transaction price of 38 pence. In accordance with the Disclosure and Transparency Rules "

[smithie6] 14/6/2021 21:49

934k shares sold
6.5-7% of the co.

& then bought
@ ~14p below the mkt price
(so it can't be a bed & SIPP otherwise someone should ring the tax man ! )

some big holder looks to have thrown in the towel !

[clocktower] 11/6/2021 10:15

Still S - there was more interest in the stock yesterday and again first thing this morning.So a positive, as it had been sliding after a nice little run north.

[clocktower] 11/6/2021 09:49

My mistake S - I jumped to a conclusion as I just looked at the headline, as I was late and bleary eyed this morning, and based my comments on what the last announcement was about a share buy back.

So I will edit my post 206.

[smithie6] 11/6/2021 09:39

corrective sharebuyback

Clocktower, do you understand "corrective" ??


"The Company also announces today it will undertake a Corrective Share Buyback utilising the Authority. On 16th November 2020, the Company undertook a share buyback of 934,210 Ordinary Shares at a price of 38p per share. This transaction is now being rebooked with WH Ireland at the original transaction price of 38 pence".

[clocktower] 11/6/2021 09:08

I posted incorrect information in error as I failed to read the full RNS - My apologies.

[clocktower] 10/6/2021 12:45

Hi S,
Only another 4/6 six weeks before we get another trading update I expect, as last years was on 20.07.2020 maybe sooner this year, as everything looks so positive in the industry with demand rising from bag makers in China to shoe manufactures around the world, let alone the specialist golf shoes that Pittards supply the leather for.

Not to forget with the re-opening of so many sports activities, that will will see increases in demand for gloves once again, be it for cricket, motor sport, cycling or the sports shops filling up for winter sports this autumn.

Not to forget one of the most important growth partnerships with vivobarefoot.



Nice to see a little life in the stock again today, and we might see more of that as we run up to the end of the H1 and a trading update, which could have a huge impact on the share price bearing in mind how tightly the stock is held and the directors/insiders buying not that long ago.

[clocktower] 08/6/2021 10:50

LOL S - Just good free PR if the company was on the ball - be it Mongolia or the Moon - for the cost of a few pairs of gloves for the poor woman with cold hands - the BBC would just have to say how PTD helped out after reading their article, and bingo thousands of pounds worth of free publicity.

[smithie6] 07/6/2021 20:19

Mongolia !

[clocktower] 07/6/2021 09:21

Shortages of gloves in Mongolia. Maybe Pittards could help the poor woman, as good PR through the BBC.

[clocktower] 03/6/2021 12:18

Retro racing products still made using Pittards leather. I bet there are not many of those sold each year but it just caught my eye when I was looking for something else.

[clocktower] 03/6/2021 09:25

Talking about partnership's - look how good the one with vivobarefoot uk has been for PTD.

[clocktower] 03/6/2021 09:18

Good morning S.

There are several British companies making leather satchels very successfully plus a large number of bag makers.

I am not sure which one you are talking about but they are in a different market to that of Mulberry and as regards Pittards, making and selling bags is not number one on their list of important things, as selling the leather to many of these smaller manufacturing businesses is. I am sure Pittards support many of them through their expertise though, and by providing them with leather on very good terms, as it can only be good for Pittards if they become the next Mulberry.

Far from missing a trick, it is better to assist these companies and form strong bonds to open up markets around the world for British Leather Products.In fact if I was running PTD - I would help those that were buyers of PTD's leathers by showcasing their products on the company website by providing links from the pictures of bags to their company retail websites, and then with other marketing events as long as they committed to purchasing leather from PTD. Strong partnerships is the only way to become world leaders in the industry.

Pittards will never be the go to fashion brand for bags but they are a prestige international heritage brand that sits above most of these other makers. Some of these smaller businesses are very successful in their own right, as they capture the fashions and are often the very inspiration that larger makers feed from but never give them credit.

[smithie6] 02/6/2021 21:36

btw

I saw an thing on TV
'How do they do that'

English Satchel Co.

the woman behind it couldn't find anything she liked so she set up a co. to make satchels !

using just to start £600 !
I guess more later on

now making 120k bags/year apparently !!

in England !

& selling abroad

looks like Pittards & Mulberry were asleep

[clocktower] 27/5/2021 11:22

If your interested in hearing about the big increase in demand for leather from fashion houses and footwear brands, go to towards the end of this video from Hidenet (which talks about the USA market - but will I expect be reflected in Europe and the Far East).

(This video is week of 23.05.2021)

(This video is week 02.05.2021)

(The above one is most interesting as they talk about the UK market at the start)

(16 May Video talking about shortages in the European market)


So, it just not the benefits of the exchange rate that is going the right way for Tanneries and PTD in the UK and Africa - its the big increase in demand.

[clocktower] 27/5/2021 10:45

If you take a look at the link below you will see how skin prices have been rising by comparison to those in 2020 - this can only be positive for PTD and I expect is one reason that things started to turn around from around August 2020 and the improvements in prices have increased considerable from this dark days that COVID caused so many shut downs.

All that stock PTD has only increased in value it seems in the last five months.

You need to just look at the one year chart to see how much things have improved this year.

[clocktower] 27/5/2021 09:55

A forced buy back S is an interesting idea of yours but I can only see them buying them in the market and they maybe waiting to see if the share price falls a bit further before taking another bite of the cherry.

Yesterdays trades shows how little it takes to send the share price down after a run northwards.

I took another look at the trades and times and have revised my view on those, it maybe they were all sells bar the last 1500 shares as the share price was 52/54 at that time.

I am not sure if that 25k was reported correctly as a buy, as you wrote S.

[smithie6] 26/5/2021 18:43

ah
if they generate some cash selling some stock maybe they do a compulsory share buy back of 1:10 shares or offer a special divi or something

to try to get the share price up to 70p so they can exercise 1/2 of their options at 51p for ~5% of the co

[smithie6] 26/5/2021 18:30

Kate's a darling & excellent product promo

(apparently lookalike dresses can sell out almost immediately, for hiking boots I don't know)

maybe just need to change the brand name from Berghaus (in German) to say Dalehouse (in English) !