Pittards Takeover Rumours (PTD)

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Pittards Takeover Forum Posts

24-05-2021
interesting idea, Chinese or Japs buying Pittards Ethiopia & getting the UK bit thrown in ! whereas most of looked at the other way around (Ethiopian part being thrown in) the value in a takeover would be higher than current cap. value. ~ £15 million of stock & then the value of the sites & machinery etc (the UK site is owned)
22-05-2021
they have 3 subsidiaies & 2 or 3 locations (1 in the middle of Glasgow & one nearby in Paisley) "Bridge of Weir Leather Company is the UK’s only leather manufacturer for the automotive industry, and as part of the Scottish Leather Group operates one of the largest tanneries in Europe exporting to over 60 countries around the world" so, they are notably bigger than Pittards I thought Pittards also supplied the automotive sector ?? (I wonder if they were the co. that tried to buy Pittards in the past; if a takeover offer was received now then the dirs get 10% of the co. if the offer was at >=100p ! I wonder if that would make them more receptive now of any offer ! je je
13-05-2021
takeover offer in Sept 2013 an approach was rejected, cash, as insufficient the offer was higher than 120p. Perhaps 150p, 160p. The big holders must be unhappy now that they didn't tell the bod to put the offer to the shareholders ! a few months later (in Feb. 2014) the non-exec. chairman of Mulberry joined the PTD bod. I wonder if the approach was from Mulberry ??!
24-03-2021
So now, strongest order book for over 2 years against a back drop of improved margin and 2 Mill reduced cost base, meanwhile nav of £1.07 a share against a market valuation of less than half that. No sign of a takeover, I guess leather is just not sexy enough?
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