(PTD) Pittards
Summary
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| 17-01-12 | RNS |
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RNS Number : 7154V Pittards PLC 17 January 2012 The 'Director / PDMR Shareholding' announcement released on 17 January 2012 at 15:00 under RNS No 7062V has been withdrawn and should be disregarded. It is a duplicate of RNS No 6038U which was previously released on 23 December 2011 at 11:23.
The correct announcement is detailed below.
PITTARDS PLC (AIM: PTD)
Director / PDMR Shareholding
Pittards plc ("Pittards" or "the Company"), the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors, has been informed that on 17 January 2012 Chamberlain Plastics Limited ("CPL"), a company in which Stephen Boyd, Chairman is deemed beneficially to be interested, sold 1,683,333 ordinary shares of 1p each in the Company to Stephen Boyd at a price of 3p per share. There is therefore no change in the underlying beneficial interest.
The sale was undertaken to assist CPL's working capital requirements.
CPL continues to own 1,516,667 shares and Stephen Boyd now owns 17,683,333 shares in Pittards, representing approximately 4 per cent in aggregate of the issued share capital.
Pittards does not expect to release its Preliminary announcement of results for the year ended 31 December 2011 before 19 March 2012.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 17-01-12 | RNS |
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RNS Number : 7062V Pittards PLC 17 January 2012 PITTARDS PLC (AIM: PTD)
Director / PDMR Shareholding
Pittards plc ("Pittards" or "the Company"), the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors, has been informed that on 20 December 2011 Chamberlain Plastics Limited ("CPL"), a company in which Stephen Boyd, Chairman is deemed beneficially to be interested, sold 500,000 ordinary shares of 1p each in the Company and a further 300,000 shares on 23 December at a price of 3p per share.
The sale was undertaken to assist CPL's working capital requirements.
CPL continues to own 3,200,000 shares and Stephen Boyd additionally owns 16,000,000 shares in Pittards, representing approximately 4 per cent in aggregate of the issued share capital.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 16-01-12 | RNS |
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RNS Number : 5774V Pittards PLC 16 January 2012 PITTARDS PLC (AIM: PTD)
Trading Update
Pittards, the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors, is pleased to provide an update on current trading prior to entering a close period leading up to the announcement of its results for the financial year ended 31 December 2011.
Trading in all areas of the business has been broadly in line with market expectations for the year as a whole. Our order book remains strong as we enter 2012 and we continue to make progress with our strategic developments.
On 10 December 2011 the Ethiopian Government brought into effect a tariff of 150% on exports of leather at the crust (part processed) stage. This has caused us to speed up progress on finishing leather in our Ethiopian tannery, which will be of overall benefit to the Group in 2012. In order to minimise any potential disruption to our customers we had to bring in additional crust supplies to the UK prior to this date which has put some pressure on cash but RBS, the Company's bankers, have been very supportive through this transition period which should reverse during the first half of 2012.
The Company expects to announce its preliminary results in mid March 2012.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| 23-12-11 | RNS |
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RNS Number : 6038U Pittards PLC 23 December 2011 PITTARDS PLC (AIM: PTD)
Director / PDMR Shareholding
Pittards plc ("Pittards" or "the Company"), the specialist producer of technically advanced leather and luxury leather goods for sale to retailers, manufacturers and distributors, has been informed that on 20 December 2011 Chamberlain Plastics Limited ("CPL"), a company in which Stephen Boyd, Chairman is deemed beneficially to be interested, sold 500,000 ordinary shares of 1p each in the Company and a further 300,000 shares on 23 December at a price of 3p per share.
The sale was undertaken to assist CPL's working capital requirements.
CPL continues to own 3,200,000 shares and Stephen Boyd additionally owns 16,000,000 shares in Pittards, representing approximately 4 per cent in aggregate of the issued share capital.
This information is provided by RNS The company news service from the London Stock Exchange More |
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| Result Pages: 1 | ||||
| Date/Time | Subject | Author | ||
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| 19-01-12 |
Hold
Re: Strange!!
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With about 87% of the shares held by Peter Gyllenhammer(aka Browallia);Clients/Funds of Hargreave Hale Stockbrokers,the former pension fund and Directors collectively there are not that many shares around most currently available are from selling by a company connected to Stephen Boyd which appears to need the money for reasons unconnected to Pittards.
Presently Pittards seems to be doing quite well;it seems to have the brand name, product,expertise and a low cost leather processing plant and availability of supply.Finances are continuing to improve with reinvested profits;the pension problems are gone and it has valuble tax losses that can be offset against profits. It needs to sort out its balance sheet on a technical basis to remove the negative revenue reserves,I assume by writing down share premium account and adjusting the par value of the shares to enable it to pay dividends if it does this as indicated it intends to do;hopefully on a PE ratio of about 4 it should look an attractive investment. I am gradually adding to my holding. |
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| 17-01-12 |
Hold
Re: Strange!!
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TX2, I suppose this Company remains off the radars of institutional investors. Management have stabilised PTD well over the last couple of years and should business continue to pick up I am sure it will gain more attention. When? well that is the question.
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| 17-01-12 | ||||
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I thought an RNS for the pre Christmas sale by CPL had already being released.Todays sales are surely another sale (by CPL?).
I thought the trading update was quite decent and at 3.25p buying price the shares are good value. |
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| 21-11-11 | ||||
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dear all. i'm looking for someone who knows the history of the UK textile industry.. i've found a certificate of Wolsey cumulative pref shares, dated 1961 - & wondering if it has any value. Wolsey were taken over by Coutaulds, then bought out by management, then bought by Matalan, then .. etc.. & the brand still exists.
any remote chance of a seat on the board.?. maybe not. how do these situations work? [i know you can find out for a £25 fee, but might as well ask first] thanks. |
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They have not been approved or issued by Interactive Investor Trading Limited.
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