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PMP Portmeirion Group Plc

230.00
0.00 (0.00%)
13 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Portmeirion Group Plc LSE:PMP London Ordinary Share GB0006957293 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 230.00 225.00 235.00 230.00 230.00 230.00 55,526 08:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Homefurnishings Stores 102.74M -8.46M -0.6146 -3.74 31.65M
Portmeirion Group Plc is listed in the Misc Homefurnishings Stores sector of the London Stock Exchange with ticker PMP. The last closing price for Portmeirion was 230p. Over the last year, Portmeirion shares have traded in a share price range of 203.00p to 425.00p.

Portmeirion currently has 13,759,282 shares in issue. The market capitalisation of Portmeirion is £31.65 million. Portmeirion has a price to earnings ratio (PE ratio) of -3.74.

Portmeirion Share Discussion Threads

Showing 551 to 575 of 575 messages
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older
DateSubjectAuthorDiscuss
02/6/2024
18:05
There was a Port Merion outlet shop on the Trentham Gardens estate i visited last week. Looked very empty of customers to me.
my retirement fund
02/6/2024
16:32
Going back to the provenance issue , we just bought some ceramics from Portmeiron online sales through Amazon site, described of as Royal Worcester Bone China but no clue on the listing that it is made in India but that is stamped on the bottom.
So am I supporting British Industry ?

wad collector
02/5/2024
14:50
Ming is definitely better ; should set up a couple of production lines in China...
wad collector
01/5/2024
20:12
Bring back lustreware I say !
my retirement fund
01/5/2024
18:53
vh

For what it's worth I don't think it's beyond the realms of possibility to revive the Stoke ceramics industry. Why not produce Wedgwood Jasper Ware dinner sets at a mid range price instead of just trinket dishes and small posy vases.

And if you don't know what Doulton Lambeth is take a look on eBay, some of it's magnificent in my opinion and the designs are timeless.

arthur_lame_stocks
01/5/2024
18:41
ALS - they do some manufacturing in Stoke, "Portmeirion potteries continues to manufacture Susan's designs as well as others in the same factory in Stoke-on-Trent to this very day." see hxxps://www.portmeirion.co.uk/portmeirion-about-us

- but I've no idea how it breaks down.

I just think they're worth >£4 on recovery.

value hound
01/5/2024
18:04
Hi value hound

I have some PMP but one thing I don't like is that they seem to be doing their manufacturing in China now. I collect china and have a preference for buying British brands made in Britain, German brands made in Germany etc.

I know you could argue that it's only made so much difference to every other good we used to manufacture but it doesn't seem quite right to me.

I guess though there's a fair chance the consumer of the future won't mind, the real value is in the design.

arthur_lame_stocks
01/5/2024
17:50
Bit of a write-up on Master Investor FWIW....

The end of March saw this ceramics and homeware products group announce a disappointing set of results for the year to end December 2023.

The company, which owns six major brands that are sold into some 80 countries across the world, had been hit for six by tough trading conditions in both its South Korean and its US markets.

Sales were down from £110.8m to £102.7m, with adjusted pre-tax profits of £3.0m (£8.0m), collapsing earnings to 22.4p (46.8p), while slicing its dividend down to 5.50p (15.50p) per share.

Conditions are still challenging but the business should see a steadier year in 2024, before showing a clear recovery in the next year.

The group’s Management has been working upon improving both its productivity and its operating margins.

It has also lined up new product launches in the current year, with customer reactions proving positive.

CEO Mike Raybould has stated that:

“We continue to work on productivity improvements in our factory and together with work done in the last 3 months to reach a much leaner global cost base we have a strong platform to improve operating margins once markets normalise.

We also expect this to help us achieve further reductions in net debt which remains one of our priorities.

We are confident in the strength and resilience of our brands that have over 750 years of combined heritage and continue to grow market share even in the current tough macro-economic environment.

We are pleased with the continued strategic progress we have made and remain confident in our long-term strategy to grow sales and improve operating margins.”

Analyst Sahill Shan at Singer Capital Markets is confident about the group’s mid-term growth but is waiting to see clearer signs of the group’s revenue and margin recovery.

Over at Shore Capital Markets its analysts, Rob Sanders and Bradley Hughes, believe that the Management shorter-term strategy is to return its margins to a 10% EBIT business then up to 12.5%.

Market expectations are for sales this year of around £100m, but with profits improving 50% to £4.5m, lifting earnings to 25p and the dividend to 7.5p per share.

For the coming year to end December 2025 estimates are for £105m sales, £7.0m profits, 39p of earnings and 12p of dividends per share.

Further out some £110m revenues in 2026 could boost profits to £10m, earnings to over 55p enabling a dividend of some 17.5p per share.

The group’s shares, which were 265p before the results, subsequently eased back to 214p at the start of last month.

They have been gradually showing some price recovery to 269.90p on Monday of this week – with the gradual uplift being propped by fairly low dealing volumes.

Hopefully we will get some positive trading signals being outlined when the £36m capitalised group holds its AGM in three weeks’ time.

In the meantime, the shares at last night’s closing price of 262.50p are not looking expensive, while holding substantial upside potential as the recovery takes hold.

value hound
25/4/2024
08:44
Xd tuppence today.
wad collector
09/4/2024
12:15
Anyone listening to tomorrow's presentation?
my retirement fund
07/4/2024
10:17
Simon Thompson opinions in IC that Portmeirion is a Hold @245p. The bad news in the results might be offset by restructuring and productivity improvements, and the tangible book value of 339p is a reassurance if the headwinds reduce.
Mind you he said hold in Sep and it has fallen 25p since then and another 20p since his advice....

wad collector
29/3/2024
16:31
From Small Caps Life, whose unforgiving analysis I rate highly:

"This may well prove the cyclical low in trading, but given all that, it is hard to trust that the real financial performance of the business will recover anytime soon."

smallcapslife@substack.com Free subscription.
Well worth a read.

napoleon 14th
28/3/2024
09:41
Coming back down to earth now, no investment case here. Move along.
my retirement fund
27/3/2024
11:55
I’m pleased they reduced net debt as predicted. If the home fragrance write down is stripped out they did actually make a profit.
richyst
26/3/2024
20:59
Prelims not helped my hope.
Weaker as expected , but some depressing words in the commentary.

wad collector
18/3/2024
10:54
Promising bounce today, still a long way off the £5 of a year ago though. Hold and hope.
wad collector
08/3/2024
19:43
Some buying coming in at 239p today, is the worst behind us?
wad collector
22/2/2024
17:05
Has a bottoming out of the share price occurred now? I thought the trading update in January was satisfactory plus the outlook also. The unknown is whether or not the dividend (over 7% at today's share price) will be maintained. I watch with interest from the sidelines and will do further research.
crystball1
01/2/2024
10:45
Still feel that the social change in entertaining to informal from formal is too strong a headwind. With change in entertaining environment very reduced demand for formal dinner ware.
pugugly
01/2/2024
10:18
Ouch that's a new 14 yr low , looks like it's going to have to be a long hold to get me back in the blue...

Simon Thompson has been singing the praises here all the way down from £5 last year , for example in July

Portmeirion shareholders should hold their nerve after profit warning
A ceramics maker has been hit by destocking by retailers in North America, but there is recovery potential next year.


We would have done better to sell then for £4.

wad collector
23/1/2024
16:38
Update from Simon Thompson, FWIW, who concludes with:

"On this basis, the shares trade 50 per cent below book value, on a price/earnings (PE) ratio of 9.3, and offer a 6.6 per cent dividend yield. Although the payout is safe as gearing is only 11 per cent, overseas headwinds need to abate for a share price recovery. Hold."

value hound
22/1/2024
20:19
Could it be the higher interest costs that hurt the bottom line?
richyst
22/1/2024
19:25
The update says they expect a return to growth in sales in 2024, and also a healthy operating margin improvement. So surely that means higher profits? But the share price goes down! I don’t understand!
richyst
22/1/2024
17:45
Could this also be having an impact on sales??
"Dinner parties are back: but smaller, more casual – and with Twiglets"
So less need or affordability for formal dinnerware.

pugugly
22/1/2024
16:10
Still reckon NAMBE had destroyed the long-term prospects here to get through the lean times. The fact the shareprice is at all time lows and still the CEO and FD's barge pole share purchases with their own money speaks volumes.
my retirement fund
Chat Pages: 23  22  21  20  19  18  17  16  15  14  13  12  Older

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