Pittards Share Discussion Threads

[meijiman] 19/9/2012 09:50

The results are out. nothing much to get excited about. Seem to be indicating an improving outlook.

[briangeeee] 15/9/2012 20:32

Haven't had confirmation, but results were thought likely to be out this Wednesday.

[ben gunn] 13/9/2012 15:40

Eerily quiet here.....hope all will be well.

[clocktower] 02/7/2012 15:20

May not be greed driving the share price - it maybe longer term prospects.

[briangeeee] 02/7/2012 13:59

Company presentation to investors tomorrow.



Notes

[ben gunn] 02/7/2012 11:45

Price rise implies greed is balancing fear once again.
Just need no new surprises and movement on the dividend.

[rbf] 19/3/2012 15:59

Sounds about right envirovision......a little disappointing but plenty there, but the company really has to deliver in the next 6-12 months!!!!

[clocktower] 19/3/2012 14:50

Seems to have turned the corner going forward but they need to bring down the debt imo.

[envirovision] 19/3/2012 13:57

Could have been better but there we have it, the future still looks good, still on a low PE, shame no divi seems the sort of thing that might push the price up.

[addict] 14/3/2012 14:07

Results due this week I think,and indications are they won't disappoint.Hope for some news on dividend policy to ice the cake.DYOR

[rbf] 14/3/2012 11:55

Still moving in the right direction......roll on the results....... (ok so i am repeating myself!)

[addict] 07/3/2012 16:08

SP movement is doing the talking for us.DYOR

[rbf] 07/3/2012 11:15

Notwithstanding the fact that i am seemingly talkng to myself...... Good to see some positive movement.... certainly expect / hope / believe that 5p+ on the cards once results out mid April which should show eps of 1p.

[rbf] 05/3/2012 16:10

500k purchase @ 3.25p.....a flicker of life here....roll on the results!!!

[envirovision] 01/3/2012 13:33

Yes should be something pretty close to that, still sitting on a silly rating.

[rbf] 27/2/2012 20:54

Results due in 3 weeks....following positive Trading Statement mid Jan, I am expecting 1p EPS so PE ratio of 3.....surely due a re-rating....
It appears Hargreave Hale are positive too having raised their stake last weeks by over 5m shares to 47m or 10.7%.

[kinghorm23] 02/12/2011 12:44

90k full offer.

No quote to buy 10k, quiet stock, quiet board but it looks solid
for upward movement gradually.

[kinghorm23] 30/11/2011 13:37

250k buy full offer, this one will go soon enough as well.

[kinghorm23] 28/11/2011 14:53

Now that is what you call regular director buying, all year none stop !

Only wish that would happen in my stocks

[envirovision] 21/9/2011 23:24

Of course, as the arab spring uprisings have shown, the oppressed can one day expect to break free.

However Ethiopia is not Egypt or Tunisia and the vast majority of Ethiopians outside the capital still live in homes made from mud, sticks and thatch and hardly know what a light bulb is, let alone a laptop with internet and face book.

I rather suspect the grotesque hundreds of millions of UK aid not to mention thousands of millions from the US will probably manage to continue to support a regime for at least a generation before would be any risk of an Arab Spring style uprising amongst the population.

That's bad news for Ethiopians not to mention the UK taxpayer, however good news for Pittards tanning operations I suspect.

Infact I'm not even sure it should matter really, since foreign companies still manage to operate in all the Arab Spring countries in any case.

[cathian] 20/9/2011 18:49

Don't get too carried away. You must always make allowance for the political and military risks associated with that part of the world. Did you expect the uprisings in north africa? It's these unforseen situations that are difficult to protect oneself against that makes me somewhat cautious about the shares although as a small "spec" I'm tempted at this level.

[envirovision] 15/9/2011 13:38

RBF I've a stack of old notes from last year which i was looking at as if still this year so confusion.

I wonder what the terms are left on the debt, I should think with both the nav and the cover on that loan it could be reduced to a really silly low interest rate if there's no lock in also freeing even more spare cash for the expected dividend.

[rbf] 15/9/2011 13:14

Envirovision

Agree with your comments, apart from your PE calcs....I have it as 4.4 historic rather than propective....

And even if H2 eps come out flat compared with the previous year that makes full year EPS of 1p.....

But either way a bargain surely!

[envirovision] 15/9/2011 12:04

Well looks excellent progress yet again and 2011 should come on at 0.8p putting us on a present prospective PE ratio of 4.4 for this year.

NAV has increased and at 12.2M is only 3M less than the entire present market cap, in otherwords stripping out assets a further £3M would buy you a company that's on track to make £3M in profits this year now !

Revenue is up 22% on a year. Expansion in the Ethiopia has accelerated with yet more factory space and staff to meet new growing client demand in USA and as a show of confidence there's even a new direct outlet in the UK opening.

Clearly 2012/13 turnover is going to increase in double digit numbers again and baring the usual uncertainty about the strength of global outlook we could be looking at 1 and 1.2p forward eps for 2012/2013 putting us on a perspective PE of less than 3 !

I note the decks should be cleared for dividend payments to resume by the year end and its quite possible we could easily afford a dividend payment there after in the region of 0.5p PA meaning the share could possible yield 14% next year.

Such a move is in severe and desperate need since nothing else seems to be pushing the share price up to fair and reasonable value right now. The current shareprice is nuts and in reality fair value is easily going to be 10 pence at this juncture.

One other thing to think about is Pittards is a highly specialised and unique business in its sector. The business would easily be worth 15p or more to a bidder who wants to broaden their manufacturing and product base.