Pittards Share Discussion Threads

[clocktower] 05/7/2021 15:00

Seeing the company paid 55p last week for just 10k of shares, it maybe they have been advised to wait and see if any other sellers present them with further opportunities to pick up more cheap stock at that level before they have to pay the 56p or more if they are going to keep buying to put them into treasury.

[clocktower] 02/7/2021 15:42

Now that H1 is over they maybe are going to keep buying to add to those is treasury, or at least up towards the results or a trading statement in respect of H1 which based on the research I did should be very good indeed.

[clocktower] 02/7/2021 13:16

RNS after RNS about directors buying and company buying own shares and yet the share price remains at bargain level.

If I were not fully invested I would be filling my boots as I can see this going to well over £1 before long.

[clocktower] 28/6/2021 09:43

Looks like the MM are short of stock, as they have ticked up the bid after just one buy of under two thousand shares.

[clocktower] 22/6/2021 14:26

Upward swing with little volume, I just wonder how little it might take to take this past 60p this time around.

If todays 10k is another director purchase, then another RNS by tomorrow might liven things up, bearing in mind all their past 12 month purchases and taking the recovery into account, this must e one of the most undervalued companies with solid assets on the AIM.

[clocktower] 21/6/2021 08:06

Good morning S,

200p to 54p and directors filling their boots, really highlighted the potential for investors like myself that have purchased shares in PTD recently to benefit from the business cycle.

If you were someone that last purchased at 200p I hope you will see your investment soon return your capital.

Unfortunately the matters that you speak of are the matters of morality, and in recent years we have come to appreciate that wee as PI’s have no voice on these matters.

[smithie6] 19/6/2021 16:50

btw

shareholder revolt against paying bonuses to dirs. when the perf. during Covid was of course highly loss making & no divi

dirs. at many companies, busy putting their hand in the jar of shareholders assets

the MD of Pittards has achieved reducing the turnover by half

& the share price from 200p to 54p

should he "really" be rewarded if the share price were to go to 70p ??

1/3rd of what it used to be !!

if a worker ever produced such performance in their job they'd get a kick up the arxx or sacked, not rewarded !!!

[clocktower] 18/6/2021 09:05

Roll on! :-)

With the CEO almost taking his holding to 3% and in general the BoD having got such decent stakes, along with other big holders there must be very few genuinely floating.

These shares are so tightly held that as soon as there is a rapid rise in volume, they are likely to rocket imo.

Will that be the last top up before they enter a closed period or with other insiders have another little top up.

[clocktower] 18/6/2021 09:05

double post error..

[clocktower] 17/6/2021 22:39

I would put money on that if your married with kids, that you think your in charge of your household, where as if the truth were known for its more than likely that your partner is, and yet you will absolutely refuse to accept the fact.

On the other hand S if you have been divorced you will have realised how much your other half really thought they were worth financially even if you totally supported them from day one, as the courts will have agreed with at least 90% their demands.:-)

[smithie6] 17/6/2021 20:32

as I mentioned he (the Fd) is not running the company

[clocktower] 17/6/2021 17:04

He is managing the the books, and based on the numbers I am sure his MD and Chairman act on his recommendations to a large extent, in view of the arrangement that was made with Lloyds Bank Plc.

[clocktower] 17/6/2021 16:57

LOL - Have you never put your shirt on a dead cert and won?

I never suggested he was skint by the way but with a salary of £119k gross plus pension, he is not YET a high flyer like yourself S. :-)

However, once he has made a success of running this you might be happy to see him justly rewarded with even all the options you were complaining about a while ago.

More BoD members should take lower gross salaries but only get rewarded through success that enriches all shareholders through share options set at good targets.

When you have the knowledge that he has, then I would be putting a sizeable part of my savings into the company that I was employed by as the CFO. As his knowledge base exceeds that of all others in the business, as good CFO's guide the company into making good decisions for ALL their shareholders.

I also like his CV.

I wonder if that other trade of 12k today was another director and if so I expect a RNS tomorrow but even if it is not, I have no doubt that this will head well above the recent high of around 59p before very long.

[smithie6] 17/6/2021 16:26

I had an e-mail from him

I wasn't impressed.

[smithie6] 17/6/2021 16:24

btw

he is not managing the company's affairs

he's the FD & not the MD or the chairman

[smithie6] 17/6/2021 16:22

if the FD has £70k invested in 1 just share, I would argue that he is not as skint as you make out !

;-)

so, it is just a % of the money he has invested in different shares

£70k is a fair chunk to invest, a good inducator
the £5k recent addition is fairly insignificant perhaps

(no FD would put all his investing cash in just one company, especially the one that pays his mortgage & living costs since the extra risks are obvious)

at £119k he is jostling for the cup for lowest paid FD for a listed company, so personally while I'm sure he is qualified etc, I doubt that his record sets him up to be the FD of say Easyjet or Unilever.

[clocktower] 17/6/2021 14:08

Dr Martins announced there results to March 2021 today, and although I have no detailed knowledge of the company, I did notice there sales were up 15% over the past 12 months, which in turn must be good news for Pittards as they used leathers from Pittards for their iconic boots that are made in the UK.



Their shares have taken a hit today as their profits were hit due to Covid-19 I assume, as costs increased. Trading though continues to meet their expectations, which is also good news for Pittards, as the demand for leather remains from them.

[clocktower] 17/6/2021 12:28

Seeing that 2k buy it seems to me like that 12k took out whatever the MM wanted to clear, and there is just one MM with stock at 54p on offer, so any more buying might be the start of another bounce upwards I guess.

[clocktower] 17/6/2021 11:38

Furthermore he (the CFO) only joined in March 2019 and is only around 48 years old, so buying 135k shares in total in that short time out of a limited salary is a pretty big vote of confidence in his own ability to manage the company affairs in a far better way than they were prior to his appointment Smithie6. In fact he is the youngest full board member and the only other young Associate Director is the MD of Pittards Ethiopia at around 43.

Is £60/70k investment since 2019 chicken feed to you S and do you have more than 135k shares in PTD?

[clocktower] 17/6/2021 11:08

£5.3k maybe to you S but he purchased more late last year and bear in mind his salary was £119k in 2020 before tax, and if you have a family etc to support then £5k would be a pretty large chunk of spare cash I would suggest.

As I am not familiar with tax and NI deductions in the UK S, please tell me how much you expect Mr Average would have take home money out of £119k ?

He now owns 1.04% of Pittards and I consider that for a CFO that earns £119K pa. that has been buying more shares since last year a very decent commitment to PTD and bearing in mind any of his options will only kick in when the share price rises above 70p.

It is only that, bar punting money, I am fully invested across my portfolio or I would add to my holding of PTD right now while the share price is so undervalued imo. and clearly that is the view of the CFO of PTD's.

[smithie6] 17/6/2021 10:42

but it's just small change

[clocktower] 17/6/2021 09:00

Another vote of confidence from the CFO today, seems to be putting more of his spare cash into what are clearly undervalued assets.

[clocktower] 16/6/2021 14:12

When one thinks PTD raised £5.8 million in 2015 at £1.20 a share - mainly to fund the purchase of the Yeovil site for £3.6 million.

At todays share price the company market Cap is just £7.4m. with assets at the end of 2020 of £1.07 per 50p share and the recovery underway, makes this look so undervalued bearing in mind the quality of those assets.

The next set of figures for H1 should restore confidence and then be reflected in the share price on future prospects.

Even Dr Martins icon boots that are produced in the UK use Pittards leathers.

[clocktower] 16/6/2021 09:30

I notice that the company trades showing up again today at the old timings as well.