The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Managed to buy at 101.3 hope we have reached the bottom :-)
I have only just caught up with a fellow shareholder, who was frankly less than impressed at the AGM. It sounds as though the current strategy, whilst spun to sound positive, is actually yielding no real results, nor provides any defence to their currency exposure that is so evident. The current Chairman and CEO have had long enough to make it work. But which one should go or should it be both of them? At least we have reassurance in knowing the new non-exec could take the helm for a period of time to ensure the 'ship', as A319 puts it, could change course and will not sink. Hopefully not 'a penny for your thoughts' on this one as we cannot afford for the share price to reduce further but I would be interested to discover how other shareholders are currently feeling.
I agree with you, some kind of action is required before this turns into a penny share again.
Whilst it may be traditional for the captain to go down with the ship, in this instance the ship may be saved if the captain was to be replaced. Time for a change.
A keen anticipation rewarded with a rather mediocre report and no sign of the elusive dividend. Despite the move towards vertical integration, it is still a pitiful profit really and a turnover drop as well. I would have thought with all these factories in Ethiopia they would be making some better profit by now. I see currency was 'blamed' yet again by the CEO. Is it time for a change at the top - maybe it would be better if the new non-exec took the reigns instead???
Results due out sometime this week, fingers crossed they don't disappoint. Onwards and upwards and maybe a small divi.
Finally - a non-exec that can actually bring advice to the company as opposed to the regular fee takers :-) Also will be interesting to see him challenge the existing management, because if we're honest they've talked a lot of hype over the last few years but the board always falls back on how currency has hurt them and to me that excuse is wearing a bit thin now........
:-)
"broadly in line" - ie slightly below - market expectations, but a very impressive NED they have recruited. I wonder if he will make a sizeable purchase of shares. Do others think the dividend will be declared at year end, or start at next year's interims?
Good price rise today, could this be the future with a steady rise in the SP. What is needed is a good set of figures and a small dividend payment.
Interesting that one effect of the consolidation is that the spread has reduced to a more realistic 6.67% (it was up to 20% before).
Share was split 1/50 so not so clear cut for any huge profit..
wise move as this is actually down - disregard the 4860% rise - should be 5000% due to the consolidation
someone sold 250000 shares in this yesterday. jeez
up 5,000%. holders can retire now
Umm 5000 percent?
They say 'Any press is good press' but I am not so sure on this one........ http://www.4-traders.com/PITTARDS-PLC-4002237/news/Pittards-plc--Govt-Intervenes-to-Thaw-Frozen-Accounts-of-Foreign-Leather-Companies-17737964/
Glad to hear of the share consolidation being acted upon.
Despite reading and viewing positive spin articles in the media about this company, my uncertainty arises from the apparent situation (unconfirmed) where the main shareholder over the last few years is reducing his stakeholding notwithstanding the repeated news of improvement......????
Sorry, I have never lived in the area, nor have I ever visited the shop (I avoid shops whenever my wife is with me). I do however have an investment in the company which I am hoping will continue to increase in value. I receive an automatic email from Google whenever Pittards is mentioned in the news.
Thanks for that link, it's always interesting to read news items about companies ones invested in. Can I assume you live in the area and may have visited Pittards, if so do they give discount to shareholders?
by David Laws, MP for Yeovil. http://www.thisissomerset.co.uk/Leather-firm-tough-flourish/story-20112263-detail/story.html#axzz2lISIhyHc
Good to see the Sp going forward at last. Will it test 4/5p by year end lets hope.
We are now looking into carrying out a share consolidation of the c 463million shares in issue in order to make payment of dividends more practically achievable. We intend to complete this before the current year end with a view to paying a dividend within the next twelve months if the recovery continues and in the absence of unforeseen circumstances.
going on read the article above very interesting and great work by pittards