Member Info for Theleather1

Surly there must be more to this SP decline than a BBC report, please!

Crazy

Sorry should read May 18th!

Well, some week's since a bit of excitement.
I am particularly looking forward to confirmation of exactly how much debt reduction has taken place.
Obviously they need some debt, but continued reduction, coupled with good sales, in an as yet, weaker than expected recession is going to tip this share in the balance of a strong buy at some point soon I believe. I have no inside knowledge, hoping to sustain £1.30 plus from next week. I also can't wait to see what business they buy next, baring in mind I didn't think the spice company was great value, but initial signs look good.Great BH weekend all.

Well a few days later Dogger, there has been world bank trouble, well 2 banks, over played by the media again and PFD shares slightly up.
End of year numbers, declared 2.5.23.
This business was once a very big player,10 plus years ago.
Like success for big football teams, it's all cyclical in my opinion. We have been creeping back to prominence quietly and last week, that spike must represent something in the back round.
I'm in for longer term anyway, I am convinced it will be up one way or another.
Cheers

Yes, i wondered the same and have no knowledge of anything that could lead to this.
I did wonder if it was some kind of announcement to head off a takeover bid, be it hostile or not. A sort of "right, lets get this SP moving", to cover all eventualities quickly. The BOD might have an inkling of something. As mentioned, this is just a thought. I was also expecting SP to move upwards since the announcement, so that dispels that thought train.
Likewise maybe an effort to fend off a rumoured "Short target" situation, which could have dragged us down, in a prolonged fashion.
Of course i have no basis it is IMHO.
Anyway still looking to hold, grow holding, i still think this giant is waking up a bit quicker now.
The only concern i have, regards the debt, why only "still broadly in line". With such positivity, I would have paid off some more, we know they run with debt, but for me this is the only mill stone left ( and its not as big as it was obvs).
Look forward to hearing more news no doubt in the next month GLA.

Here we are still waiting, I can't seem to find any info, but thanks to this board i am more encouraged. But we need solid direction, not just words. Hey, that's share dealing for you!

Thanks for your observations here. Its good to have areas to improve on, but only if some one takes action and makes the improvement! We shall see. Do you think you will buy in?
We have plenty of doom and gloom in retail predicted, but somethings are more resilient and actually people will always want to present well. I also feel that actually, there is enough evidence showing through, just about, to show that things will not get as bad as predicted. The major things I like about this business are it has plenty of cash and is deadset on forcing itself into new marketplaces, growing its share!

Cheers Elvis, i did wonder what happened when i left the page it was 1.4 %up
Lets hope for better news.

Thanks for the info, will investigate!

This is a very mysterious share to hold.
No news anywhere, share price increases regularly, what do you do? I am a long term holder, back to a small profit, I know many need £2.50 or More to break even.
On the trend I bought just 2000 more yesterday, I'm thinking little chance of going bust, some dividend, growing retail availability of stock via new retail distribution networks, multi national avenue's seem to keep growing. This will be the last spend, spend, spend Christmas for many. Great opportunity for this company to grow sales. There is always at least one new retail success story in a tough market at Christmas! Fingers crossed!

My son works in Co Op retail, sales are consistently good.
I mentioned before, people will and have stopped going out so much ( me included), but there are still plenty of people with money, in this distorted country. My view is positive here, we might actually gain premium product sales, should people want to eat nice things at home, still cheaper than going out, also we should gain in other areas (volume by people eating everyday products/own brand made by us, at home) and innovation of new products that may just fill a gap, in the recession market. More importantly to me, I believe the company is being galvanised and improved very quietly, under the radar.
We will also soon understand a bit more, the real contribution or not of, The Spice Tailor, fingers crossed. All IMHO of course.

Well, in considered gambling, which is what we investors do, sometimes that reason is as good as any!
You have had success anyway this far, may it continue, then hopefully those who bought in higher can also celebrate your prediction in the not too distant future!

Very interesting, but as recently mentioned, it is all very amicable.Maybe some value for a TO, simply this business has restructured, performs well, is well run, getting ready to be a big player again, as demonstrated with this weeks purchase.
I would want plenty of renumeration if I was on the board and had gone through the last 2.5 years.
I'm hoping it doesn't happen, but if it does then that's life.

All looking very encouraging really, I mentioned a while back that this is looking more solid as the impending economic storm passes through. As thought, share price has dropped a bit, but stabilised, simply think we must head through to a sustained 125p for the next step and more SP growth. I don't mind when I am in for the medium time at least.

Dogger, Many thanks indeed for that info.

Many thanks indeed. May i just ask then does the product vary if it goes own brand, you know like more % of a couple of the cheaper ingredients, maybe more sauce less pepper in a Sharwoods equivalent etc.
Can you see a time where you will be back in?
I sold half at £1.20 ish last week expecting to buy back in at £1.05-.07 ish, but it seems pretty solid.
I am holding though because I still feel there will be a take over bid eventually, also i am keen on the business long term, if it stays stable for a few weeks i will increase holding again, whether it is 1.10 or 1.20 ish, just need this next few weeks to re assure me, we currently are just about the right value price, whether there is good or bad news, i feel it will ride through it. Fingers crossed.
Also i can't see much undervalued personally, with out big risk

Good to see some different views being discussed here on some potentially polarising topics. If only society took this approach!
Some of the other boards on LSE go mad over the slightest thing. You may have seen that i once referred to posts by Kallumama on here, used to be backed up with info, sometimes different. He moved to ASOS and IMHO was torn to shreds.
Just checked and he has not posted for months!

Any way Dogger , am interested to see you are an ex employee of PFD, I used to think go woke go broke, but now the shift has changed and actually it will be worth while to promote it.
My biggest concern in the current climate is the expected shift from premium brands to own label.
I actually think prem brands will still sell here in numbers, but can you confirm please if PFD make many own branded products for others?
Thanks.

And the share price takes a hit!
What can you do?
Well I am holding here, would buy more if I had the available funds!

But you are right Dogger, this used to be a hectic board!
I still maintain this is a simmering pot, will come to the boil unexpectedly one way or another.
People always need to eat and the rich are still getting richer, they like quality food and I believe that is what we do here. I also think the great production facilities mean we can produce food for all own brands across the retail market. Basically, we can turn our hands, in this changing, tough retail time. All the talk of hardship too, but have you seen any restaurants closing, because I haven't!

Times have changed, in days gone by,the gradual incline in pre results days, was followed by the slump on results day, what ever the results were!
Other food producers up yesterday, we were down!
Today a good start!
I am still ultra optimistic here and will be holding for the foreseeable.GLA