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 Shares Traded Last Trade
  0.00 0.0% 54.00 0.00 08:00:00
Bid Price Offer Price High Price Low Price Open Price
52.00 56.00 54.00 54.00 54.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Personal Goods 15.23 -2.28 -17.67 8
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 54.00 GBX

Pittards (PTD) Latest News

More Pittards News
Pittards Investors    Pittards Takeover Rumours

Pittards (PTD) Discussions and Chat

Pittards (PTD) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type
View all Pittards trades in real-time

Pittards (PTD) Top Chat Posts

Pittards Daily Update: Pittards Plc is listed in the Personal Goods sector of the London Stock Exchange with ticker PTD. The last closing price for Pittards was 54p.
Pittards Plc has a 4 week average price of 52.50p and a 12 week average price of 47p.
The 1 year high share price is 58p while the 1 year low share price is currently 37p.
There are currently 14,104,107 shares in issue and the average daily traded volume is 8,584 shares. The market capitalisation of Pittards Plc is £7,616,217.78.
smithie6: 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: £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.
clocktower: 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.
smithie6: 10% 10% of all of Pittards UK & 10% of Pittards Ethiopia !! well, fingers crossed that trading is good & that we see the share price rise, it has to get to 70p to make about 1/2 of the options exercisable. & sliding scale to 100p to exercise the other 1/2. (but why they should get 5% of Pittards for the share price returning to where it already was, without any increase, beats me. And 0 for managers & workers !). ---- the chairman gets 30% of the options & he is only part time !! & he sits on the committee of 3 that awarded the options scheme. :-( so, he awarded the options to himself !
clocktower: 10% is a great incentive to accept a decent offer when your in your mid 60’s and you have been with the company for a fair while and can see a way of getting a very decent pension pot, at a time when the very large stakeholders might be looking for a way to make good their long held investment. One really has to wonder why the major stakeholders would have allowed the award changes that you so rightly pointed out would reward the directors so well compared to other members of staff if the share price reached a certain level or of course if an unexpected offer was received for the company, that would be hailed as a outstanding success, as it would secure jobs and help the company achieve its environmental targets due to SL having the most advanced solutions to achieve the objectives that PTD had set. Also note, it is not that long ago that new blood has headed up SL. Only a guess but a nice fit and as you also pointed out they are very good at stock turn,which would really breathe life into PTD if the stock turn was x 7. Even if a bid does not come along you can see the potential from looking at SL accounts and now everything is opening and PTD have two sectors that SL do not seem to cover well - gloves and shoes - the time is right to see the rewards that mirror those of SL particularly with all the companies sports related technologies that they now seemed to be focused on.
smithie6: 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: 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 !!
clocktower: Right S - note all resolutions passed and details on the company website, so one might assume that JR was happy with everything, as voted upon. We shall see the numbers and be able to comment them but for sure the directors do not have enough votes to swing anything. Now you would like my view as to the stock pile. First and foremost, they used over £2m of it to support the business over the past year. Stock reduced for the first time in many years. If you were a member of a BoD that made a plan, say five years ago that would enrich you in the way they are now most likely to be very well rewarded, you would set out a detailed plan of how this were to be achieve. 1) Buy Assets - (Property plus Stocks/skins) 2) Borrow against those assets 3) Increase Staff to handle and process all that stock/skins. 4) Depreciate the stock every year (even though inflation and wage/processing costs are likely to increase over the years of stock building. Now rather than build a bigger picture, I will cut to the chasse. 5) Unexpected event - COVID-19 - adjust plan - Bigger stroke of Luck. 6) Make the best of a difficult situation. 7) Start implementation of the revise plan (not much of an adjustment anyway) 8) Cut staff, as you now do not require so many, as you reduce your buying/processing of skins. 9) Big Staff savings, as the numbers are no longer required. 10)Due to inflation,higher processing costs etc the stock value has in fact increased. 11) In between these times you have been doing more R&D and finding new large clients for which you can manufacture for. (SHOES - GLOVES - SPORTS GOODs ETC) 12) Use the stock to improve and return to positive EBITDA and increase your cash flow, which as they say improved significantly during H2. 13) Obtain agreement to adjust your share options, buy more shares before doing this though. 14) Bingo, let all guns fire and make hay. 15) Turn the corner show what a jolly good outlook and potential great investment PTD is. 16) Share Price Shoots up. 17) Alternative, find a buyer and take profits from all the share awards etc. I could set it out in more detail but I think you will get the drift of things. Hence I am buying shares, as funds allow as retail demand is once again picking up in all sectors, some saddle makers for instance are quoting long delivery dates due to demand. Handbag makers are returning to huge demand - Golf players buying new leather shoes, the list is endless.
smithie6: 2015 RNS. share option scheme for dirs 1/2 of options with perf. targets linked to the growth in EBIT & 1/2 linked to turnover I think ----- options were priced wrt 120p the price that money was raised at in 2015. Personally I do not think it is morally/ethically correct to give a % of the assets/cash raised in 2015 to the same MD as asked for that cash raise at any price below 120p. If he had told those investors that he would get rich by the share price getting to just 70p (50p lower) then those ppl would not have invested £5.5 million. If he departed & a new MD then tried to get results, then the new MD could morally/ethically get some options without reference to the 120p, but not the MD who raised £5.5 million at 120p. ------ if the share price were to fall to say 35p, would the directors just change, again, all the conditions for the dirs. share options ? sorry, but its not ethical imo. If an MD can't get his options to be 'in the money', one assumes 'cause he is not very good, then in my opinion he should phps just leave & give someone else a chance; rather than change the performance requirements & the exercise price, just to suit the dirs. !! ---- at Northbridge they didn't do that. (ok they did endlessly issue new options to the MD at ever lower prices ! but he finally retired at 68, with 1 million options still 'out of the money' !) The co. performed poorly over 15 years (due to the collapse in oil exploration drilling due to the fall in the oil price).
clocktower: I have been doing a lot of research on PTD since yesterday and bearing in mind a number of factors, it seems to me that I might have been a little to negative about PTD's prospects. I have also been looking at the number of trades over the past three months, and more recently at the directors purchases along with the most recent statements about not extending the lease of their retail outlet, and changing to more online sales. I have looked at the company website and they seem to be sold out of a number of their ladies handbags, which I think is very positive, as they are not a well know brand or fashionable as far as I am aware anyway. Maybe I am wrong about that. The company seems to have changed and I think it is time for a new thread in line with the rising share price. As I am fully invested at present, I cannot buy into the story and it still maybe a little early anyway but I will soon start a new thread with a number of useful links that other investors may find of use. There is limited stock in free flow, so if there is a good RNS in the coming months it could soon run upwards quickly imo. However, if trading is not so good the downside is around 40p I guess. Overhang still being cleared it seems with a sale of over 100k today at 48.5p - so time yet to before starting to buy.
Pittards share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210625 07:20:57