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PMP Portmeirion Group Plc

210.00
-2.50 (-1.18%)
03 Dec 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 Shares Traded Last Trade
  -2.50 -1.18% 210.00 3,719 09:58:43
Bid Price Offer Price High Price Low Price Open Price
205.00 215.00 212.50 210.00 212.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Homefurnishings Stores 102.74M -8.46M -0.6043 -3.48 29.74M
Last Trade Time Trade Type Trade Size Trade Price Currency
14:16:58 O 549 213.49 GBX

Portmeirion (PMP) Latest News

Portmeirion (PMP) Discussions and Chat

Portmeirion Forums and Chat

Date Time Title Posts
20/9/202407:38Portmeirion - profits on a plate497
27/4/201010:37Portmerion: the Prisoner of Pots?68

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Portmeirion (PMP) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
14:17:00213.495491,172.06O
12:46:18213.80368786.78O
12:22:03207.102,0004,142.00O
10:28:35213.80327699.13O
09:58:25209.63300628.89O

Portmeirion (PMP) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 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 212.50p.
Portmeirion currently has 13,993,805 shares in issue. The market capitalisation of Portmeirion is £29,386,991.
Portmeirion has a price to earnings ratio (PE ratio) of -3.48.
This morning PMP shares opened at 212.50p
Posted at 20/9/2024 07:38 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 19:28 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 21:56 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 12:26 by value hound
Re-tipped by Simon Thompson:

Intro:

"This company's earnings recovery is very underrated

"Stoke-on-Trent-based Portmeirion (PMP:233p), a leading UK ceramics manufacturer and retailer, is on course to deliver a strong earnings recovery this year even though conditions in the South Korean market remain challenging."

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 17:53 by arthur_lame_stocks
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.
Posted at 01/5/2024 17:04 by arthur_lame_stocks
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.
Posted at 01/5/2024 16:50 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."
Posted at 22/1/2024 19:25 by richyst
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!
Portmeirion share price data is direct from the London Stock Exchange

Portmeirion Frequently Asked Questions (FAQ)

How many Portmeirion shares are in issue?
Portmeirion has 13,993,805 shares in issue.
What is the market cap of Portmeirion?
The market capitalisation of Portmeirion is GBP 29.74 M.
What is the 1 year trading range for Portmeirion share price?
Portmeirion has traded in the range of 203.00p to 305.00p during the past year.
What is the PE ratio of Portmeirion?
The price to earnings ratio of Portmeirion is -3.48.
What is the cash to sales ratio of Portmeirion?
The cash to sales ratio of Portmeirion is 0.29.
What is the reporting currency for Portmeirion?
Portmeirion reports financial results in GBP.
What is the latest annual turnover for Portmeirion?
The latest annual turnover of Portmeirion is GBP 102.74M.
What is the latest annual profit for Portmeirion?
The latest annual profit of Portmeirion is GBP -8.46M.
What is the registered address of Portmeirion?
The registered address for Portmeirion is LONDON ROAD, STOKE ON TRENT, STAFFORDSHIRE, ST4 7QQ.
What is the Portmeirion website address?
The website address for Portmeirion is www.portmeiriongroup.com/.
Which industry sector does Portmeirion operate in?
Portmeirion operates in the VITREOUS CHINA TABLE ARTICLS sector.

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