Portmeirion Share Discussion Threads

[james8] 05/5/2016 09:58

Cantor raises TP 1400p (1200) maintains BUY

[westcountryboy] 05/5/2016 08:57

The company has quite an interesting back story:

hxxp://www.wax-lyrical.com/our-story

Bought by a US company in 1999 which tried to make money selling a range of imported goods but that ended up near receivership. Rescued by a Northern entrepreneur 2006; he is now chairman. I wonder what his plans are now; he said in 2012 that the firm had become his life:

hxxp://www.thewestmorlandgazette.co.uk/business/awards_2012/9917662.The_finalists__Business_of_the_Year/

This is another good article about the company, particularly its industry partnerships and its export drive (35% of products, or 45% according to the article above). Clear synergies I would say:

hxxp://www.manufacturingtoday-europe.com/article-page.php?contentid=21498&issueid=631

[shauney2] 05/5/2016 08:43

An interesting acquisition of Lighthouse Holdings the who make the Wax Lyrical candles and diffusers for £17.5m. Earnings enhancing in this FY.Exports to 40 countries.

A good margin business at first glance.Will be interesting to see how they integrate them into their existing business.

Lighthouse's audited accounts for the year ended 31 December 2015 recorded revenue of GBP13.8 million, a pre-tax profit of GBP2.1 million and net assets as at 31 December 2015 of GBP7.6 million. A dividend of GBP2.0 million was paid by Lighthouse in 2016 prior to the Acquisition.

[thomasthetank1] 28/4/2016 14:05

Read Stockdale Securities's note on PORTMEIRION GROUP, out this morning, by visiting hxxps://www.research-tree.com/company/GB0006957293
"In March, the group reported the seventh consecutive year of record sales in 2015 with both revenues and earnings reaching record levels. This outcome, as well as the group’s confidence for the future, has enabled it to increase its dividend for the seventh consecutive year. A final dividend of 23.9p was proposed, making a total of 30.0p for FY2015, an increase of 13.2% over the total amount paid in 2014. Dividend cover is 2.2x, which the Board considers a level that is both appropriate and sustainable level for the business. Over the last seven years, the group has increased its dividend by an average of 10.7% per annum compound and the total dividend is now more than double the amount in 2008...."

[davr0s] 26/4/2016 19:23

Almost recovered back last weeks divi - nice

[davr0s] 22/4/2016 15:17

Did someone really just pay 1185?!

[shauney2] 31/3/2016 14:18

Touching the recent highs.

[mctmct] 16/3/2016 21:57

Congratulations on your recent marriage, Mr Bryan.

[shauney2] 09/3/2016 08:08

Very impressive results.

EPS up 14.5%.Dividend up 13% for the year.EBITDA up13.6%

Nice reduction in the pension deficit.On line sales growing.Good growth in sales to India.South Korea seems to be the only blip.

A positive foreward statement with the new kiln now in production.

[paulturner006] 29/1/2016 00:52

Has the breakout started?

[paulturner006] 19/1/2016 21:17

What the betting for 2016? 1500p

[shauney2] 19/1/2016 10:57

Suspect this would have broken out yesterday.Better late than never.

[james8] 18/1/2016 12:27

USA is their largest market which is also quite strong

[ed 123] 18/1/2016 10:41

Agree. With the UK consumer predicted to be in good form this year, 2016 should be a good year for Portmeirion Pottery.

I'm a happy holder.

[shauney2] 18/1/2016 08:13

Thats as positive update as you can get from a board that never overstate.

Record revenues and more to come when the new kiln comes on to line in February.

[shauney2] 12/1/2016 15:00

Cheers Martin.
Will probably take time for the benefits of the new kiln to be realised.

[martinthebrave] 11/1/2016 16:17

Just enquired about the progress of the Kiln. The answer back seems positive enough for next Monday so I have added a few more. Good luck to all holders.

Thank you for your enquiry.

I am pleased to confirm that the installation of our new kiln has progressed smoothly. We plan to release a trading update on Monday, 18 January 2016. We will comment further on the new kiln in that update.

[ed 123] 08/1/2016 12:22

Agree, PMP's market looks good. Also, PMP's new kiln should be coming on line just about now. 2016 should be a good year here.

[martinthebrave] 08/1/2016 12:07

CCH trading update "ahead of current market estimates and well ahead of 2014". Must be a read across to PMP imo? Last years update was 19th Jan. I hold.

[paulturner006] 06/8/2015 09:29

Interims look very goodThis share looks cheap and has been overlooked imo

[cwa1] 06/8/2015 07:52

Interims released:-

[meijiman] 11/5/2015 09:12

I read that some Finnish outfit has bought Waterford Wedgewood for what looks like alot of dosh -wonder if there might be a read across to this one?

[illiswilgig] 12/3/2015 10:46

Huge emphasis on their capacity constraints for manufacturing in the UK and resulting inefficiencies. They are spending 1.5 Million on upping the uk manufacturing capacity by 50% this year - which is roughly speaking a 25% increase in overall capacity.

Assuming that the management is telling the story straight then we should expect profits to increase faster than sales as the new UK capacity improves efficiency and possibly works around the antidumping rules in europe as well.

The 0.8million cash into the pension deficit annually is annoying but not terminal. The deficit should be funded in a few years and if interest rates rise should disappear rapidly.

Happy to hold for the long term, take the dividend and with the prospect of increasing profits on top.

cheers

[meijiman] 12/3/2015 10:31

Ive just read through it all. A very major emphasis on the dividend and why it will remain progressive. Not much to quibble about here -the classic buy and forget share.Wonder what acquisitions there might be?