Previously writing on homewares group Portmeirion (PMP), in July on a “significantly below” expectations profit warning that saw the shares falling below 300p I concluded that I continued to avoid. The shares most recently closed at 288p, and what of them currently slightly further lower on the back of “pleased to announce” half-year results?
Previously writing on homewares group Portmeirion (PMP), last year with the shares at 350p I wrote interims, “encouraging year on year growth” but will it continue? – concluding still currently only on the watchlist. The shares most recently closed at 395p, but my caution now looks more justified with they currently falling below 300p on the back of a “trading update”.
Homewares group Portmeirion (PMP) states that it “is pleased to announce its results for the six months ended 30 June 2022” and “sales are now 30% above pre-pandemic 2019 levels as we continue to successfully expand our customer base through developing online channels, new product and new geographies”. So what of a current share price down to 350p?
Previously writing on homewares group Portmeirion (PMP), in May with the shares down to 435p I was cautious – noting ‘“encouraged that the group continues to grow”, but will that continue?’. The shares last closed at 410p but are currently 365p on the back of a trading update.
Homewares group Portmeirion (PMP) has issued an AGM trading statement including that it “is encouraged that the group continues to grow and… confident that our ongoing strategic investments in factory automation and online platforms will enable future growth in top line sales and that ongoing improvements in productivity will further enhance margins over the long term”. So what of a share price currently of 435p, down over 8%?...
Homewares group Portmeirion (PMP) has made a trading update emphasising pleasing sales growth, including “it is particularly pleasing to see that we are achieving like-for-like sales growth over pre Covid-19 trading levels”. Why then are the shares currently slightly lower at 655p?...
Previously writing on homewares group Portmeirion (PMP), in May I noted after less than 2 months ago “we look forward into 2019 with confidence” … a significantly below market expectations profit warning, concluding, with the shares lower towards 900p, and with I also having previously noted from “expect profit before tax to be in line with market expectations for the full year” to “pre-tax profits are expected to be materially below” in less than two months, to avoid. The first ‘Headline’ of its 1st August-announced interims was “First half results are in line with our expectations set out in the 14 May 2019 trading update and we anticipate achieving full year expectations” – and now a “Trading Update”…
Portmeirion, Spode, Wax Lyrical, Royal Worcester and Pimpernel ceramics and home fragrances group Portmeirion (PMP) has updated on trading. With 21st March-announced results having included “we look forward into 2019 with confidence”, should be ok…
