Portmeirion Share Discussion Threads

[daijavu] 09/5/2019 08:29

A safe share to hold

[podgyted] 21/3/2019 08:04

Good steady growth.

[podgyted] 17/1/2019 07:58

Let's see if it manages it this time !

[spann_703] 12/1/2019 09:25

Hi podgyted, I certainly don't think you are wrong - the company has a lot to commend it. I was merely pointing out it's never been one to fly per se, at least not without significant retracement. I've held for 4.5 years - from about £7.20 I think. In that time it has hit peaks of circa £13 twice, but never quite held that kind of level.

[podgyted] 11/1/2019 10:29

Well, I might be totally wrong but:-

1) The company had a strong first half (Revenues up 15% on a constant currency basis), now whilst the seasonality here means that they are heavily reliant on H2 performance, outlook comments indicated confidence that momentum would continue.
2) Major factor in the H2 seasonality is Xmas pattern sales in the US - US consumer spending is booming at present.
3) Currency moved in their favour in H2.
4) Retail stats in the UK suggest household goods have done well.

On the basis of the above the recent price weakness seemed a buying opportunity to me.

Not long (possibly Monday) before I'll either be vindicated or forced to eat my words.

(span - look at Jan18 to Jun18 - it does occasionally fly - but agree, did get a nosebleed then came back down to earth.)

[zangdook] 11/1/2019 08:41

The first half of 2018 wasn't bad.

[spann_703] 11/1/2019 07:14

That would be nice, podgyted, but this share has never really exhibited any real inclination to soar like an eagle. It's more like a penguin, ambling along; it may occasionally manage a small hop up to higher ground, but is equally likely to fall to its stomach and slide down a long ice chute.

[podgyted] 10/1/2019 21:15

This is ready to fly

[zangdook] 10/10/2018 22:56

yes. any reason?

[spann_703] 10/10/2018 17:32

Even cheaper now. That's quite the drop this month even given the wider market's plummet.

[pireric] 11/8/2018 09:43

Don't hold here but still seems pretty cheap

[podgyted] 01/7/2018 15:36

Normal service has been resumed.

[podgyted] 29/5/2018 19:56

Now astounded - large sell-off today, and still went up.

30%+ return in 4 months

[podgyted] 07/5/2018 11:52

I must admit to being bemused although sort of happy with the recent share price performance.
Bought a chunk a few months ago as a long term, slightly "boring" investment. My logic was based on steady growth, good balance sheet and reasonable dividend. The long term endgame was a takeover due to its brands, which whilst not top notch, are not without considerable value which did'nt seem to be reflected in the share price - probably from the US.

Perhaps its just others are beginning to feel the same but I'm surprised by the current momentum.

[pireric] 30/4/2018 21:08

Don't own this but wish I did! Really impressive price performance. CHH tracking up to a certain extent to

Given the pedigree of both companies, I don't think either are expensive at all. Substantial brand value not captured by the tangible assets or the stock price IMO

Pound just dropping back a bit also good

[slopsjon2] 15/3/2018 07:39

Final results today.

· Ninth consecutive year of record Group revenue which increased by 10.6% to £84.8 million (2016: £76.7 million).

· Profit before tax increased by 13.0% to £8.8 million (2016: £7.8 million).

· EBITDA increased by 12.9% to £11.0 million (2016: £9.7 million).

· Earnings per share increased by 9.2% to 65.07p (2016: 59.60p).

· Total dividends paid and proposed for 2017 increased by 7.5% to 34.66p per share (2016: 32.25p).

· Strong cash generation with a £3.9 million improvement in net cash resulting in a positive balance of £1.6 million (2016: net borrowings of £2.3 million).

· Operating margin increased to 10.7% (2016: 10.4%).

[illiswilgig] 18/1/2018 18:54

Yes, Paul Scott covered it in his small cap value report today very positively - though he does hold the shares.

Interesting to read my comments from August on this BB. PMP have exceeded expectations.

If the current performance continues it's cheap and due a rerating.

Despite my earlier reluctance I did buy a few more in December which with 20/20 hindsight is looking to have been a good decision.

cheers

[dr_smith] 18/1/2018 10:42

Trading update well received by market with share price up 6.05% as I type.

[illiswilgig] 21/8/2017 21:54

Hello Dan,

you make a good point with respect to the immediate sales of the options........disappointing.

Yes there are headwinds. But then there always are. Currency weakness is primary factor in favour of PMP at the moment either as increased margin or increased volumes, or a bit of both.

I currently have a relatively small holding of this share and am happy to hold to see how it turns out - but not quite persuaded myself to top up here.

cheers

[dan_the_epic] 21/8/2017 13:00

Not convinced this one is one to be buying. Done some research but numerous headwinds. weaker UK macro environment, US potential export headwinds, South Korea being next to N.Korea unlikely to inspire people to go out and buy pottery.

There is a lot of work to do in the second half here to meet market expectations. Wonder if the large sell down of exercised options should be a read through...

Next scheduled announcement looks likely to be January so not too sure what any positive catalyst here would be

[illiswilgig] 14/7/2017 22:16

I have a small holding dating back a good few years and over which the company has been very well managed. Happy to hold at the moment.

I recognise both points of view. I do think that the company has not been on top of the pottery market for the last couple of years. The acquisition seems devastatingly well designed to hold things together whilst (hopefully) the company gets its act together again.

As I said happy to hold whilst I see how this shakes down,

cheers

Mark

[dr_smith] 13/7/2017 17:17

Hi Housemartin2. So I am not alone..in spirit if not in shares. :-)
I have been in and out over the years, currently in.
I would be nervous of a niche/fashion type offering, but with a diversified range, new kiln and online/us sales, feel that the omens are good.IMO :-)