Pittards (PTD)

Sector:

Personal Goods

Index:

FTSE AIM All-Share

 54.50p
   
  • Change Today:
      0.000p
  • 52 Week High: 72.00
  • 52 Week Low: 50.00
  • Currency: UK Pounds
  • Shares Issued: 12.91m
  • Volume: 0
  • Market Cap: £7.04m
  • RiskGrade: 165

Pittards secures coronavirus business interruption loan

By Iain Gilbert

Date: Monday 20 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Leather products manufacturer Pittards said on Monday that it had successfully secured and drawn down a coronavirus business interruption loan of £1m through Lloyds Bank.

Pittards said the impact of the Covid-19 pandemic had resulted in significantly reduced demand during the first half, with sales running at 45% of the previous year's levels.

As a consequence, the AIM-listed group warned that its interim results would show a significant loss.

However, Pittards said it had managed the impact on cash through strict cost control measures, use of existing inventory and management of working capital, together with support from the government furlough scheme.

"Efforts continue to recalibrate our cost base at this new low sales level, anticipating a slow recovery and the ending of the furlough scheme," said Pittards.

"The board believes the group has adequate resources to manage the likely duration of the Covid-19 crisis at these reduced sales levels. Encouragingly, there are some early signs of an increase in activity in some of the group's markets and the board believes the strategy to diversify the customer base remains valid."

As of 0950 BST, Pittards shares were up 0.72% at 41.80p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Pittards Market Data

Currency UK Pounds
Share Price 54.50p
Change Today 0.000p
% Change 0.00 %
52 Week High 72.00
52 Week Low 50.00
Volume 0
Shares Issued 12.91m
Market Cap £7.04m
RiskGrade 165

Pittards Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
32.92% above the market average32.92% above the market average32.92% above the market average32.92% above the market average32.92% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Price Trend
26.66% above the market average26.66% above the market average26.66% above the market average26.66% above the market average26.66% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Income Not Available
Growth
18.3% below the market average18.3% below the market average18.3% below the market average18.3% below the market average18.3% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average

Pittards Dividends

  Latest Previous
  Interim Final
Ex-Div 15-Dec-22 30-Jun-22
Paid 12-Jan-23 05-Aug-22
Amount 0.50p 0.50p

Trades for --2022

Time Volume / Share Price
0 @ 0.000p

Pittards Key Personnel

CEO Reg H Hankey

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