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| 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 | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -2.50 | -1.52% | 162.50 | 7,972 | 13:49:56 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 160.00 | 165.00 | 165.00 | 162.50 | 165.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Homefurnishings Stores | 91.21M | 344k | 0.0250 | 65.00 | 22.7M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:47:58 | O | 1,850 | 161.25 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/5/2025 | 14:24 | UK RNS | Portmeirion Group PLC AGM Resolutions |
| 11/4/2025 | 07:00 | UK RNS | Portmeirion Group PLC Annual Report & Accounts and Notice of AGM |
| 07/4/2025 | 07:00 | UK RNS | Portmeirion Group PLC Director's Dealing |
| 02/4/2025 | 15:43 | ALNC |  DIRECTOR DEALINGS: Likewise chief Tony Brewer sells 1 million shares |
| 02/4/2025 | 12:04 | UK RNS | Portmeirion Group PLC Director's Dealing |
| 02/4/2025 | 07:20 | UK RNS | Portmeirion Group PLC Director's Dealing |
| 01/4/2025 | 13:00 | ALNC | EARNINGS: Caledonia Mining profit multiplies; Portmeirion revenue down |
| 01/4/2025 | 11:39 | UK RNS | Portmeirion Group PLC Director's Dealing |
| 31/3/2025 | 07:00 | UK RNS | Portmeirion Group PLC Preliminary Results |
| 17/3/2025 | 07:00 | UK RNS | Portmeirion Group PLC Notice of Results and Investor Presentation |
Portmeirion (PMP) Share Charts1 Year Portmeirion Chart |
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1 Month Portmeirion Chart |
Intraday Portmeirion Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 07/5/2025 | 18:45 | Portmeirion - profits on a plate | 526 |
| 07/4/2025 | 11:09 | Portmeirion | - |
| 27/4/2010 | 11:37 | Portmerion: the Prisoner of Pots? | 68 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 24/5/2025 09:20 by Portmeirion Daily Update 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 165p.Portmeirion currently has 13,759,282 shares in issue. The market capitalisation of Portmeirion is £22,358,833. Portmeirion has a price to earnings ratio (PE ratio) of 65.00. This morning PMP shares opened at 165p |
Posted at 31/3/2025 16:00 by value hound Update from Simon Thompson with a 'hold' recommendation FWIW...-- Will this stock’s growth strategy work? Simon Thompson: Profits took a hit last year, and management has outlined plans to return to growth • 2024 revenue falls 11 per cent to £91.2mn • Adjusted pre-tax profit falls a third to £1.1mn • Net debt up 53 per cent to £12.1mn • New corporate strategy Stoke-on-Trent-based Portmeirion (PMP:163p), a leading UK ceramics manufacturer and retailer, downgraded earnings guidance in mid-December 2024. There were several factors behind the underperformance. Firstly, as previously reported, almost all the sales shortfall stemmed from one market, South Korea, which suffered an unprecedented 45 per cent decline in sales (to £11.7mn) due to weak consumer confidence and destocking. Whilst higher stock levels of existing ranges have dissipated somewhat, the market remains challenging as consumers deal with inflationary pressures, interest rates and weaker currency, all of which have impacted discretionary spend and driven up living costs. Secondly, both the UK and US markets have been impacted by political and macroeconomic developments. The situation was further compounded by supply chain and shipping disruption to the US, which delayed deliveries in time for key holiday sales periods. This led to, in some cases, order withdrawal and lower replenishment orders, coupled with higher costs. The two countries account for 36 per cent and 43 per cent of group sales, respectively. So, whilst consumer demand and pull through in both regions were up across the key Thanksgiving and Black Friday holiday period, overall sales and replenishment across October and November 2024 were below expectations in the key fourth quarter trading period. That said, the US operation still managed to increase net profitability 18 per cent to £4.2mn, driven by a lower cost base and the work undertaken to improve gross margin (notwithstanding the increase in container shipping and remedial air freight costs). Also, UK home fragrance division, Wax Lyrical, continues to grow strongly driven by new listing wins in the grocery channel and is now back in profit. Another positive is that in the second half of 2024 the group reported adjusted operating profit of £4.6mn on an 8.3 per cent margin and flat pre-tax profit of £3mn despite lower sales. Once headwinds abate, the business should return to double-digit operating margins. A new business strategy The other drag on shareholder returns are finance costs which increased more than 10 per cent to £2mn in 2024. Reflecting negative free cash flow of £3.7mn, net debt increased by more than 50 per cent to £12.1mn. In the circumstances, the board axed the final dividend to strengthen the balance sheet and outlined a plan to pay off debt within three years. Importantly, it frees up cash to fund investment in sales and marketing (in premium brands) with the aim of returning the business to growth. Specifically, there is an untapped opportunity to boost premium brand sales in the 57 international markets outside the group’s three established markets of North America, UK and South Korea. These 57 territories account for 8 per cent of group sales and only three currently generate more than £0.5mn of annual sales. Increasing online penetration is a key strategic priority, too. So, although my advice to bottom fish was poorly timed (‘Portmeirion forecasts strong earnings recovery’, 24 September 2024), and the evolving situation with regards to import tariffs between the US market and other parts of the world creates uncertainty, shares in the £23mn market capitalisation company still have recovery potential on a near 60 per cent discount to book value. Hold. |
Posted at 06/3/2025 17:20 by cwa1 ABT add even more... |
Posted at 20/9/2024 08:38 by wad collector Interims are as bad as we predicted but we think FY will be better.Hard to know how much to believe in the Korean overstocking line. It's an explanation that probably oversimplifies poor sales. If the management is confident of FY24 then that is reassuring but more so if they take this share price dip as an opportunity to increase their own holdings. As far as I can see, none of them has bought a single share since 2022. |
Posted at 30/7/2024 20:28 by pugugly Bok value 476p - Discount is so large makes one question whether books value is correct. Or to put it another way, Fire sale price?? |
Posted at 18/7/2024 22:56 by wad collector Yes he did tip it in Sep 23 but he also tipped it in July23 ; here is his entry from sep 23."The profit warning led to a 28 per cent share price reversal and makes my buy call, at 457p, three months ago ill-timed. It also means that Portmeirion’s enterprise valuation of £47mn equates to only five times current-year downgraded cash profit estimates and four times 2024 forecasts, a massive discount to rival Churchill China (CHH:1,385p), which is priced on multiples of 10 times (2023) and 9.2 times (2024). Portmeirion's shares also trade on a deep 41 per cent discount to book value of 476p." I know because I followed this bad advice in July23! |
Posted at 18/7/2024 13:26 by value hound Re-tipped by Simon Thompson:Intro: "This company's earnings recovery is very underrated "Stoke-on-Trent-base Conclusion: "Of course, the second half earnings bias increases investment risk especially as the group is expected to be loss-making in the first half of 2024. However, with the shares rated on modest prospective PE ratios of 10 (2024) and 6 (2025), and underpinned by forward dividend yields of 3.2 per cent (2024) and 5.2 per cent (2025), there is already a decent ‘margin of safety’ embedded in the current share price. If Portmeirion’s management’s confidence proves well founded, then expect a re-rating to narrow the 32 per cent discount to tangible book value of 339p. So, having rated the shares a hold, at 245p, when I covered the annual results (‘Portmeirion cuts a leaner figure for challenging times’, 27 March 2024), I now feel they are worth buying ahead of the next trading update in September. Speculative buy." |
Posted at 01/5/2024 18:04 by arthur_lame_stocks Hi value houndI 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. |
Posted at 01/5/2024 17:50 by value hound 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. |
Posted at 22/2/2024 17:05 by crystball1 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. |
Posted at 23/1/2024 16:38 by value hound 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." |
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