Portmeirion Share Discussion Threads

[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 :-)

[housemartin2] 13/7/2017 16:40

You are not alone but I sold most of my holding in March at £9.55 to £9.65, leaving a small position in my ISA only. Didn't feel that the main business was executing as well as in the past, so I took my profits. However I do like the company and follow.
ref your allusions, we are all pursued by our own Rover in one way or another.

[dr_smith] 13/7/2017 15:02

Is anybody there?
Even "The Prisoner" had company at Port Meirion.
It is so quiet, even the data flow has dried up on data feeds, showing a price of 0.00 for PMP. No news, so assuming it is a data blip, though would expect it to be fixed by now, been same all day on google finance and digital look.
Anyhow, I am talking to myself...obviously in solitary confinement, Lotus 7 taken away and persecuted by a giant balloon. ;-)

[illiswilgig] 04/10/2016 15:38

Not many companies have failed to take part in the great hard brexit rally underway today. Portmeirion is a very glaring exception!

Seems odd to me. PMP is a strong exporter and I'd have thought the massive slide in sterling would be helping it's UK exports to the US and Asia? Especially with the new kiln. The increased cost of its imports from China will offset that but I'd expect it to be at least a small beneficiary of falling Sterling?

cheers

[meijiman] 04/10/2016 14:55

Yes its crocked..........

[analyst] 04/10/2016 13:53

What a crock

[ganthorpe] 09/7/2016 09:22

Thursday's progress report was pretty gloomy with expected profits "materially below" last year . They are clearly hoping that a promised 14% hike in the Interim dividend will help to support the share price. There is a vague reference to reducing the dividend cover for the Final , but with a big reduction in profit even a maintained dividend may not be well covered.
The Interims are due at the end of July and the shares well down at 845P .
I think I will wait till then to think about getting back in , but even scented candles don't turn me on.
GAN

[taudelta1] 17/6/2016 09:07

HM .. take your point, but tariff barriers are steep .. typically 20-30%

[housemartin2] 16/6/2016 16:17

Post Brexit could not the £ exchange rate mean the UK was that desirable overseas manufacturing location ??

[taudelta1] 16/6/2016 07:13

On reflection, PMP does use contract mfg for a significant part of its sales ... hopefully, this could be directed towards sales in USA and Korea, with production in the Potteries directed to the UK market. But I still think jobs in Staffs are vulnerable ... hopefully mgt will be drawing this to the attention of employees, pointing out the way the shares have moved over the past few days .. "don't vote against your job"! Meanwhile I'm holding my shares .. bookies odds now say remain probability is 62%.

[davr0s] 15/6/2016 20:05

Directors selling hardly going to inspire confidence - think I'll sit on the sidelines still

[taudelta1] 15/6/2016 17:34

Yes, but the big one is the USA, and Obama has stated that we would go to the back of the queue of pending trade deals .. and all these are notoriously slow as approval is needed from House, Senate and President, with a lot of union opposition being lobbied. Most cos with foreign profits are very well placed for brexit because they manufacture overseas and will benefit from translating foreign profits at a better exchange rate, but if you rely on exports that's a different story... think we might have to set up a factory in the USA ...

[housemartin2] 15/6/2016 15:24

I believe South Korea is the only (?) Asian country with which the EU has a specific trade treaty so that might be being reflected re Brexit ?

[taudelta1] 15/6/2016 11:02

... if we leave the EU, then it could take a very long time to negotiate a UK-USA (for example) trade agreement, and in the meanwhile, exports would be subject to a tariff .. that's the theory ... better news is that the bookies' odds against brexit are lengthening today after dropping sharply over the past couple of days ... they currently imply a one-in -three chance of leaving .. GLA ..

[taudelta1] 15/6/2016 10:36

not heard anything but could it be brexit panic, re exports to usa and korea etc?

[davr0s] 15/6/2016 10:12

Big drop on volume - sold my holding at 1200 and put back on watch list . Getting tempted but anyone heard anything?

[housemartin2] 22/5/2016 15:16

- because they have under forecast the effect of the Lighthouse acquisition perhaps ??

[ali47fish] 20/5/2016 07:34

howcome no broker has come up with a downgrade in forecasts

[james8] 19/5/2016 18:42

I've also sold. Disappointing but it's been a good short term return.

[davr0s] 19/5/2016 16:34

Sold out at the open - glad I did, but unexpected. Wasn't expecting that RNS today - not a disaster but it wasn't price for any hiccups imo.