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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Portmeirion Group Plc | PMP | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.50 | 0.98% | 257.50 | 12:23:46 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 257.00 | 257.00 | 257.50 | 257.50 | 255.00 |
| Industry Sector |
|---|
| HOUSEHOLD GOODS & HOME CONSTRUCTION |
| Top Posts |
|---|
Posted at 14/9/2023 09:42 by wad collector Yes I was confused by skyracer's post too!The BB header title is rather inaccurate at the moment too; no profits on a plate this HY! How much confidence do investors have that this is a temporary dip from circumstances? Quite a lot I suspect. Not sure I understand the diversification into smelly candles and oils - is it really synergistic? Can't see much clay being used there. |
Posted at 23/5/2023 08:22 by zho Edison: Portmeirion has issued a brief AGM statement covering the traditionally quieter period of the year. Progress has been made YTD with geographical diversity and self-help being supportive features we understand. Overall, the expectation is for a flat H1 performance, which in the context of a challenging consumer backdrop would be a creditable outcome. We note USA has been singled out as showing customer caution in recent weeks re ordering and will need to be closely monitored over Q2. With c.80% of profits being H2 weighted, investors should welcome reference to initial Christmas order intake being ahead of the comparative period. NPD has also been well received. We make no forecast changes at this stage, opting to see how trading fares over the next few months. For reference we assume a conservative 2% top-line growth for FY23 and a 150bps EBIT margin improvement to primarily reflect an easing of supply side pressures and ongoing self-help benefits, e.g. automation. The shares have had a strong recovery (+68% YTD) from oversold levels and trade on a YR1 P/E of 10x, 5.6x EV/EBITDA and yield 3.4%. |
Posted at 10/3/2022 19:23 by tole https://masterinvest |
Posted at 12/1/2022 19:49 by mach100 I don't know what you heard about me but I am a mothafackin P(i)MP as 50 cent says. Lots to like in todays update and while I accept there has been dilution as noted above, to get ahead of pre-covid levels is excellent work. Doing very well in the US which is obviously a huge market and shored up South Korea this appears to be a low-key company that is off a lot of investors radar. Undeservedly so. Buy. |
Posted at 14/9/2021 07:23 by cwa1 Interim results for the six months ended 30 June 2021Excellent first half performance driven by success of online strategy Portmeirion Group PLC, the designer, manufacturer and worldwide distributor of high quality homewares under the Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé brands, is pleased to announce its results for the six months ended 30 June 2021. Portmeirion experienced excellent trading in the first half with year-on-year sales growth of 35%. Furthermore, the business has not only recovered to its pre-pandemic levels but is now exceeding them with sales up 24% compared to two years ago in H1 2019. Headlines Financial • Record Group revenue of £43.1 million, an increase of 35% over the prior year (2020: £32.0 million) and 24% over pre Covid-19 levels (2019: £34.9 million). • Like-for-like sales in constant currency up 7% against 2019 ("YO2Y"), ahead of pre Covid-19 levels despite ongoing disruptions, showing the strength of consumer demand and progress with our online strategy. • Headline profit before tax1 was £1.5 million (2020: loss before tax £2.7million, 2019: profit before tax £0.5 million). • Continued strong online sales growth which increased by 15% on a constant currency basis over 2020 with gross margin improvement of +900bps and 124% growth YO2Y. • Earnings per share up to 9.12p per share (2020: loss per share 20.71p, 2019: earnings per share 3.96p). • Strong balance sheet maintained and significant headroom within current borrowing facilities. • Dividends to be resumed for FY21. • Following a strong first half of the year and with an expanding global order book, the Group remains confident of achieving market expectations for FY21. Operational • Good progress in developing online and digital capabilities, including further investment in online platforms and fulfilment capabilities. • Strong growth (57% against 2020, 4% YO2Y) in key South Korean market following successful period of management action and focus on stabilisation of stock levels. Growth expected to continue in H2. • Completed a number of automation investments in UK ceramic factory which will increase capacity to underpin future sales growth and margin improvements. • Successful expansion of home fragrance brand portfolio at Wax Lyrical; new factory line now producing hand and body care ranges, with first products shipping in the third quarter of the year. • New product launches including Sophie Conran for Portmeirion and Spode Creatures of Curiosity. • Our UK businesses both achieved Investor in People (IIP) Platinum accreditation in recognition of our commitment to leading, supporting and improving our workforce. 1 Headline profit/(loss) before tax excludes exceptional items - see note 3. Mike Raybould, Chief Executive, commented: "We have seen strong trading in the first half of the financial year, including a significant benefit from the focus on our online transformation strategy. Since the period end trading has continued that trend into the first two months of the second half of the financial year. Looking forward we continue to have a strong order book across our key markets. While we are cognisant of the ongoing, widely reported disruption and volatility in global supply chains we are confident the accelerated strategic investments we are making across our business will enable a strong path of growth in the next few years. Our products are much loved by our customers around the world and this is borne out by the speed of recovery in demand we are seeing across our key markets. Our brands are well known for their high-quality design and manufacture and, in addition, we now have a huge opportunity to deepen the direct relationship we have with the end consumer as well as attracting new direct customers, as we grow the percentage of sales made through our own digital channels. The investments we are making across all parts of our business underpin our strategic commitment to better serve our end consumer. These include building significant new in-house digital/online expertise, improvements to front and back end web systems and increasing direct to consumer order fulfilment capacity in our UK and US warehouses. This will enable us to continue to grow strongly in all online channels whilst offering an even better level of service to all our customers. Whilst still only in the early stages of our digital journey, we are very pleased in the delivery of 124% growth in our own website sales against 2019, demonstrating the potential of pursuing this strategy and showing the immense further opportunity in this area. I am pleased a number of key operational projects that have been in progress over the last twelve months are now close to completion. In August, the first products came off our new hand and body production line at our Wax Lyrical factory in Cumbria. This opens up a new revenue category for our Wax Lyrical brand and we expect to launch hand and body products under our Portmeirion Botanic Garden range in 2022 as part of its 50th year promotional campaign. Key automation projects in our Stoke-on-Trent ceramic factory are now close to completion and will deliver improved efficiency and additional capacity that will underpin the scaling up of our UK production output and support our sales growth and operating margin ambitions. I would like to thank all our employees for their exceptional resilience and tenacity in dealing with the daily ongoing challenges that Covid-19 presents whilst at the same time delivering on our strategy with considerable success. I am confident that the changes we are making to our business and the significant levels of new expertise we are adding will enable our brands to grow strongly in the coming years whilst we continue to develop much loved homeware products for our customers around the world." |
Posted at 02/9/2021 07:15 by cwa1 Portmeirion Group PLCInvestor results presentation Portmeirion Group PLC, the designer, manufacturer and worldwide distributor of high quality homewares under the Portmeirion, Spode, Royal Worcester, Pimpernel, Wax Lyrical and Nambé brands, is pleased to announce that Mike Raybould, Chief Executive and David Sproston, Group Finance Director, will provide a live presentation relating to Interim Results for the six months to 30 June 2021 via the Investor Meet Company platform on 16th Sep 2021 at 10:00am BST. The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation. Investors can sign up to Investor Meet Company for free and add to meet Portmeirion Group PLC, via: Investors who already follow Portmeirion Group PLC, on the Investor Meet Company platform will automatically be invited. |
Posted at 28/6/2021 13:14 by illiswilgig Eric - thank you for the link to the Richard Beddard article. I do respect his opinion. Though we don't alwys agree on whether its a buy or a sell.I had also begun to feel that Portmerion had lost its way and that the purchase of Wax Lyrical and then Nambe might have become a distraction instead of an opportunity. Then I listened to a webinar presentation on 'Investor meet company' - and realised that Mike Raybould, previously FD and now CEO, not only knows the company inside out, understands the market and the opportunity but also knows what needs to be done in order for it to get back on track. For the first time it seemed that someone understood how to fit it all together. It may turn out that the pandemic has strengthened his hand in allowing him to make changes much more quickly than otherwise would have been the case. I reversed my opinion and started buying again. So its useful corroboration that Richard Beddard is coming to the same view. cheers |
Posted at 02/4/2020 11:47 by cjohn You are right. There's no doubt that many investors are underestimating the financial effects of the shutdown.There are mitigating factors: the various government support schemes; the maintenance of the internet channel; and in the case of PMP, the excellent NHS contract. But there will still be a very negative overall effect and given that the fantastic and fantasist UK government has completely mishandled the outbreak, I suggest factories may be closed for a lot longer. PS No position currently, but like the company a lot. Not dirt cheap enough in the current circumstances. |
Posted at 24/3/2013 22:10 by strollingmolby Portmeirion will be presenting at AIM Investor Focus 2013 on April 17th in London. The event is free for private investors to attend.Other companies presenting are Judges Scientific, Mattioli Woods, RWS Group and WYG. You can sign up to the event here |
Posted at 22/11/2010 19:00 by phil200 CR,That is a fair point. I took the 70% to mean held within the company by the directors. Its not a figure I've seen before in the investor relations section of a companies website. Phil. |
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