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PTD still falling. listening to bloomberg ( as always for my sins ) there talking about tight retail margins in the usa and the slump in sails at walmart macys ect. do u think this is a problem for PTD. 70p looks tasty.
so bought 2k more@75.75p
stopping this fall sub 70p ...for now lol
inventory levels are a concern..and management ...it would be an excellent pe target, but will it happen? ..look to max out sub 70p
yawn...blah blah.. .....another example (as if needed) of possible slight weakness in management (understatement)
Saw this earlier on a financial website posted today. Hopefully this will not become reality..................... The stock of Pittards plc (LON:PTD) gapped down by GBX 0.032 today and has GBX 79.98 target or 14.00% below today’s GBX 93.00 share price. The 7 months technical chart setup indicates high risk for the GBX 13.38M company. The gap down was reported on Dec, 8 by Barchart.com. If the GBX 79.98 price target is reached, the company will be worth GBX 1.87M less. Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock is down 4.12% or GBX 4 after the news, hitting GBX 93 per share. About 4,967 shares traded hands. Pittards plc (LON:PTD) has declined 23.32% since May 11, 2015 and is downtrending. It has underperformed by 22.73% the S&P500.
so strong sell seems unreasonable...still looking for 70p, mind
Last Saturday, I was one of the 4 million/year visitors to Clarks Village in Street and was well impressed by Pittards shop - their first retail outlet. Bought a leather book bag - exquisite quality at an attractive price. Bodes well for the future I think.
is worse than nothing imv
So yet again the strategy that has been pushed for so many years about Ethiopia has proved it cannot offer genuine protection for stable order books nor protection against currency. The way the strategy has been 'marketed' definitely now looks compromised. The brand itself seems in disarray and not knowing which direction to head. The statement released is most likely more of a smokescreen to the real complexities going on in the business, of which Pittards can no longer address successfully I assume. Poor forward orders should not be allowed, and I guess their sales force direction is now following the muddled marketing strategy. Surely the major investors will be looking for real answers to what is going on, and it would be very interesting to see if these answers are passed on. The share purchase today by the Managing Director can only be seen as an effort to try to calm the situation, but I figure the underlying rot remains.......
looking for serious net net here...so jmb of 60-70p?
Or maybe not! Wait is on! The current order book is below our expectations and reflects the lower level of demand that has become evident during July and August. This trend was confirmed at the major international trade fairs attended recently, where it was clear that activity levels in the leather industry are currently depressed and likely to remain so in the medium term. Looking further forward, a number of new opportunities are starting to appear and these could begin to have an impact in the second half of 2016.
certainly seems jmb breached at 125ish level? and cashed up now following placing.
placement price?
Out sometime next week, SP on the up good news to come. Fingers crossed.
some big decent buys recently and a 1 code so maybe holdings rns due?
the next Mulberry?
Interesting!!!
http://www.stockopedia.com/content/small-cap-value-report-17-feb-2015-shft-mec-ptd-sph-92313/ Paul seems to think that the drop is also somewhat overdone, and is rather bullish
Such a drop on the only slightly lukewarm RNS of this morning seems overdone. Pittards SP was making good progress back to the levels at which it should be (approx 175) so this hiccup is likely to be overcome by the existing momentum reasonably quickly. A good point to buy in again.
Tipped in IC this morning by ST, alongside zero chinese stocks(phew!) - SP has now broken out from previous resistance at 125 so next resistance point is at 175. The key thing is that the company is very strong in its niche (how many other companies could be named who have developed their own waterproof leathers) and is now starting to move up the product ladder to gain extra margin with its own high end brands.
Trade this morning at 127 which is the first above 125 in the last 6 months. Twice before the SP has found resistance at 125 but maybe it will breakout this time, as the point is coming soon at which significantly improved profit is likely to be recognised due to the significant weakening of GBP vs USD over the last 6 months.
Hi. New to the forum so comments are a bit belated, In my opinion this stock is 95% about the $. Sensitivities are tucked away in the report & accounts but co. estimates each cent rise in $ v £ adds £0.125mn to pretax profits, with around a 16c rally since July lows that is an annualised swing of £2mn, massive in company terms. Share some significant concerns about management, although more from the governance side, & whilst, as an investor, happy that the P&L will show a sharp rebound, not so happy that latest currency windfall will take some of the pressure off management to deliver organically. Also interesting article on leather market on bloomberg: Why Fewer U.S. Cows Means Higher Costs for Leather Bags although US orientated and not so easy to read implications for company
Rise todays, any clues for this movement in the SP. Hope it continues thought this one was heading for a penny share again.
Reg Hankey says yes