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highly satisfactory...
... today. YTD sales up 3%, compares with 5% 2013 vs 2012 reported in prelims. But £ is very strong in 2014, so sales in local currency prob doing OK ... steady as she goes I guess......
Bought in here Friday. Great performance and profits combined with the low shares in issue makes this a great buy to tuck away.
interesting!
Sorry,wrong bb
buys in the last few weeks,with the ops update on the new Huntington and Rochelle and finals just round the corner (should be outstanding by the way) we should se some incresed volume tomorrow - hopefully.
Homewares manufacturer Portmeirion anticipates record revenues in its annual results despite difficult economic conditions and the devastating impacts of Hurricane Sandy. The group expects revenues exceeding £55m for the year to December 31st, 2012, a 3.0% increase compared to 2011. Portmeirion continued to improve its cash position, closing the year with a net cash balance of over £7.0m, up from £6.8m the year before. A strong performance in the UK and South Korean markets kept the business afloat in the face of a tough US market. US sales were hit by Hurricane Sandy, which destroyed homes across the country, and the wailing economy. Dick Steele, Non-executive Chairman, said: "The achievement of another record level of sales in such challenging conditions is highly satisfying. "Our established strategy of product design, product quality, a powerful international sales team and financial prudence continues to serve us well. In particular, our diversity of export markets has enabled us to balance harsh conditions in the US with opportunities elsewhere in the world."
Global appetite for premium British brands Royal Worcester, Spode, Pimpernel and Portmeirion is helping Stoke-on-Trent-headquartered homewares maker and distributor Portmeirion (PMP) deliver profitable growth amid testing market conditions. The £52 million cap, which prides itself on its 'customer attentive design-led' business, is performing creditably in the UK market and also boasts bulging order books for export markets such as South Korea and the US, its largest market. Potential for better-than-expected export-led business over the key Christmas selling season means the AIM-listed firm could yet receive earnings upgrades to 2012 estimates, possibly as early as January's traditional trading update. Besides its export strengths, Portmeirion is a highly cash-generative concern, having closed out the half year with £3.3 million net cash in the coffers. For now, consensus estimates point to a commendable 6% taxable profits increase to £6.7 million for the current calendar year, 8% EPS improvement to 46.6p and 16% growth in the dividend to 20.2p. Based on those metrics, a prospective PE ratio of 10.7 looks fairly attractive. Dividend cover of 2.3 times adds to the attractions of the stock, currently offering a yield of 4% that beats anything on offer from the bank.
Portmeirion Group, an AIM-listed pottery group, recorded a rise in revenue, pre-tax profit and earnings per share for the year ended December 31st. Revenue increased by 4.6% from £51.2m to a record £53.6m, while pre-tax profit rose to £6.3m from £5.4m (£5.2m after exceptional items), up by 16.2%. Earnings per share leapt 25.9% from 34.91p to 43.94p. The dividend was increased from 17.40p to 19.60p. Dick Steele, Non-executive Chairman said: "Portmeirion is in fine condition. Our brands are stronger and more valuable and our product ranges are deeper and wider than at any time in our 52 year history. We remain confident for the future. "While we have experienced a slower start in 2012 than we enjoyed in 2011, this was expected and our confidence remains for the full year." The firm finished the year with cash balances of £6.8m (2010: £6.2m).
just bought in and hope it will be a wise one
Transformational deal for Portmeirion Created: 24 March 2010 Written by: Nigel Bolitho "Transformational" is how Portmeirion chairman Dick Steele described the acquisition of Spode and Royal Worcester from the administrators in April 2009. Until then Churchill China was finding it difficult to break the £30m-a-year sales barrier but now there's no problem: within three hours of news of the takeover, US department stores placed orders worth about £4.5m for Spode and Royal Worcester crockery. Advertising Although those sales only got going from July onwards, the two brands still managed to report sales of £8.5m, about £1.5m ahead of expectations, and accounted for the majority of the rise in revenues and widening profit margins last year. The company has also repatriated Far East production of earthenware, such as the iconic Spode Blue Italian range, and that switch has increased output at the Stoke-on-Trent factory from around 70 to 85 per cent of capacity.
BROKER CALL: Portmerion deal of the decade 24 March, 2010 07:19:03 AM Seymour Pierce says buy up to 400p and adds: 'Portmeirion has had an outstanding year following the acquisition of Spode and Royal Worcester (SRW), which has completely transformed the business despite a difficult economic backdrop. With the potential for earnings upgrades, the stock valued at 10.7x 2010 forecast earnings is undervalued with a yield approaching 5%.'
Portmerion have some iconic designs and some new styles for 2010 to take them into new markets. It's their 50th year and my wife desires their products weekly....I need to trade the shares to buy the wares!!! Great company, iconic and in demand, great play for slow recovery; can't afford to move....then spend to improve. Nice one for internal upgrades in homes.
Broker tipped as buy, 11.15p divi coming 29th april ex div day. Maybe worth putting on your radar. Brand alone is very well known, posted a profit still last years accounts, although i expect 2009 will prove tougher, it is a bit of a luxury product!
Anyone any news on this one? -