Portmeirion – “encouraged that the group continues to grow”, but will that continue?...
By Steve Moore | Thursday 19 May 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
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%?...
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