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Portmeiron
Jim S
Posted: 16 March 2018 11:33:15(UTC)
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Anyone have views on Portmeiron following strong results yesterday?

Seems like a steadily growing, profitable business on 17 PE. Some Brexit risks, but exports to EU are less than to US or S Korea. Haven't properly dug into their figures yet, but from a quick look it seems quite promising at current SP
Jim S
Posted: 16 March 2018 16:25:33(UTC)
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Even comments about the risks and rewards of investing in China are welcome...
dyfed
Posted: 16 March 2018 16:45:26(UTC)
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I know nothing about it's finances and profit margins. However, always seemed to me to be a one-trick pony. I know it does lots of stuff other than the solid botanical earthenware that's it's hallmark. I know it has fans who collect it. It has some very attractive patterns. I've almost talked myself into it... but no, I can't really get enthusiastic about it. It hasn't made the leap from specific to generic.
Sorry to make such pedestrian comments but you did ask!
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Jim S on 16/03/2018(UTC)
Micawber
Posted: 16 March 2018 16:45:40(UTC)
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We held Portmeirion for a few years but sold a couple of years ago when their sales momentum in Korea dropped off as fashions were changing. My impression then was that it was a good company but um, the china business is fragile..... with no real 'moat'.
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Jim S on 16/03/2018(UTC)
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