Portmeirion Group

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20 Sep 2017
Portmeirion Group - Holding(s) in Companyfrom Interactive Investor
11 Aug 2017
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9 Aug 2017
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3 Aug 2017
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Cannacord by gamesinvestor

  Wed, 20 Sep 2017 12:05:00 GMT
CANACCORD GENUITY GROUP INC

LINK

Bought 10,852,361 shares in PMP on Monday 18th September.

This represents 5.97% of the company -- a significant chunk

Games
By gamesinvestor

Let them eat cake by gamesinvestor

  Mon, 11 Sep 2017 09:27:00 GMT
Let them eat cake

The wildly popular cookery show Great British Bake Off returned to UK television screens this week to great fanfare.

Despite some concern over the move away from the BBC this season, the charm of the iconic big white tent (where the baking contest takes place) appears to remain unscathed.

But the positive influence of quintessentially British shows like Downton Abbey and “Bake Off” could be about more than just food for the soul. They may have also contributed to a sharp acceleration in the UK’s food and drink exports to China in the past two years.

There has been a particularly steep climb in goods relating to “afternoon tea”.

In 2016, tea exports from the UK to China rose by 63%, and milk powder exports increased by 134%. Cake exports climbed 26% and spring water leapt by 139%, according to the Food and Drink Federation.

Games - let's hope they all buy the plates and cups in the box with the tea and cakes and ship them en masse.
By gamesinvestor

Debt by gamesinvestor

  Mon, 07 Aug 2017 18:04:00 GMT
Something seems odd here :-

"""""Our net debt position at 30 June 2017 was £1.7 million, which compares with net debt of £9.7 million at 30 June 2016 and net debt of £2.3 million at 31 December 2016. We are pleased with the £8.0 million reduction in net debt and this is ahead of our expectations. This was driven by a number of factors including improved working capital with both lower inventory and trade receivables. Our committed bank facilities total £20.0 million.""""

Now given that they paid net £16.7M for Wax Lyrical and it only generated a few million of profit, how the sam heck have they reduced the debt from £9.7M to £1.7M
OK they give an explanation but it looks like a lot of accounting trickery.

Also there was a massive drop in the US business and South Korea fell again.

I'm up 20% on this, but feel like the business has only shown a growth dues to the immediate acquisition and the numbers are very heavily back end loaded -- smacks of lots hope here.

Games
By gamesinvestor

Good results by Greyinvestor

  Thu, 03 Aug 2017 06:36:00 GMT
Good results today, I thought. But a very long way to go to make the year end prediction.

I'm holding off buying for now
By Greyinvestor

NEW ARTICLE: Portmeirion in three-way scrap for place on this 'buy list' by II Editor

  Fri, 21 Apr 2017 15:42:00 GMT
"Richard, I need to talk to you about Portmeirion.You were dancing around Portmeirion towards the end of last year. What stopped you swooping in with a clinch?I might well have done, but I was distracted by other companies, then Christmas got in ..."

LINK
By II Editor

Re: NEW ARTICLE: New record for AIM star... by Ripley94

  Sun, 12 Mar 2017 10:23:00 GMT
Stoke-on-trent ceramics "giant"
By Ripley94

Re: NEW ARTICLE: New record for AIM star... by gamesinvestor

  Fri, 10 Mar 2017 12:16:00 GMT
This seems to be the most disconcerting aspect of the business :-

""""Having fallen from more than £15 million to £12.3 million in 2015, sales into South Korea fell below £10 million in 2016
""""" sales into India fell from £5.8 million in 2015 to £1.1 million in 2016.

""""""The company notes it is “working closely with our exclusive distributor in South Korea to rebuild sales” and that “we have changed our distribution arrangements in India”, but also notes South Korean “economic problems particularly in demand for luxury products” and that “returning sales to prior high levels in India will take time”.

The fall in sales in both countries is quite dramatic -- is there any indication that the stuff is being copied?
They have changed the distributor in India -- I bet they have, the sales fell off a cliff £5.8M to £1.1M seems to indicate that the distributor gave up or there were large non repeated orders in 2015.

Games
By gamesinvestor

Re: NEW ARTICLE: New record for AIM star... by mnamna

  Fri, 10 Mar 2017 09:43:00 GMT
No idea about Steve More or his views.

Your message has reminded me that I did not reach my own conclusion on the recent results.

I can understand why some might advise avoid because I don't see any easy gains here.

If you are looking for obvious growth shares which have not (yet) disappointed like Boohoo et al then Portmeirion doesn't really fit the bill.

The company disappointed last year with profits down due to problems in territories considered key future prospects. The acquisition of Wax Lyrical papered over the cracks. Lucky or good strategic move?

Trading on 14 times current year forecasts it doesn't seem expensive. But they do have to fix the problems to deliver the expected results and its not unusual for companies with problems to suffer more problems. Why invest in something that might be going backwards if there are quicker gains to be made elsewhere?

But thats overlooking the track record of this company and its management team. The devaluation of Sterling should help them to export more UK produced product (which they need to raise efficiency of their plant) and at the same time raise the profits coming in from their foreign made products. The company should benefit further from any more devaluations of Sterling and Europe is not really an issue? The company is still a cash generating machine and this should improve as exports increase but it will be slow and steady rather than a quick profit?

So there are good points for both Bull and Bear on this share. At the moment I am backing the track record and rate the purchase of Wax Lyrical as astute rather than lucky.

I will add to my holding on any serious weakness - provided that further problems don't appear,

cheers
By mnamna

Re: NEW ARTICLE: New record for AIM star... by Ripley94

  Thu, 09 Mar 2017 16:02:00 GMT
Steve More on share prophets advised avoid today. any views on him ?
By Ripley94

Bought some more by gamesinvestor

  Tue, 15 Nov 2016 08:29:00 GMT
doubled up

Games
By gamesinvestor

Bought by gamesinvestor

  Mon, 14 Nov 2016 07:27:00 GMT
1st tranche of this today.

Games
By gamesinvestor

Re: NEW ARTICLE: New record for AIM star Por... by Ripley94

  Thu, 04 Aug 2016 10:19:00 GMT
A FAVORITE OF THIS SITE . ( II Editor )
Hold motly fool july @ 852.
Top 20 buy and hold decision tree this site.

By Ripley94

Oh dear. iii what are you doing to PMP? by Tony Flair

  Thu, 05 May 2016 15:35:00 GMT
iii currently showing

Last trade: 1.00
Change: [down arrow]
-1,159.00 (-99.91%)

I hope this is a mistake!!!!

TF
By Tony Flair

Panmure Gordon note - Research Tree by FoxRed

  Thu, 05 May 2016 11:28:00 GMT
Read Panmure Gordon & Co's note on PORTMEIRION GROUP PLC (PMP), out this morning, by visitinghttps://www.research-tree.com/company/GB0006957293
"Portmeirion has announced the acquisition of Lighthouse Holdings Ltd for a total consideration of £17.5m plus surplus cash. We think that Lighthouse’s wholly owned subsidiary, Wax Lyrical, is a great addition to the group’s portfolio of brands and represents a strong strategic fit; substantial revenue synergies are expected from this acquisition going forward as Portmeirion grows the brand through existing customers, websites, outlets and distribution channels. We therefore..."
By FoxRed

Stockdale note - Research Tree by FoxRed

  Thu, 28 Apr 2016 13:05:00 GMT
Read Stockdale Securities's note on PORTMEIRION GROUP, out this morning, by visiting https://www.research-tree.com/company/GB0006957293
"In March, the group reported the seventh consecutive year of record sales in 2015 with both revenues and earnings reaching record levels. This outcome, as well as the group’s confidence for the future, has enabled it to increase its dividend for the seventh consecutive year. A final dividend of 23.9p was proposed, making a total of 30.0p for FY2015, an increase of 13.2% over the total amount paid in 2014. Dividend cover is 2.2x, which the Board considers a level that is both appropriate and sustainable level for the business. Over the last seven years, the group has increased its dividend by an average of 10.7% per annum compound and the total dividend is now more than double the amount in 2008...."
By FoxRed