I’ve looked at Pittards (LON:PTD) a few times in the past, but the main thing that’s always put me off has been the fact that a lot seems to have changed at the company over the last couple of years. As much as I try to inform myself from financial statements and wider research, more often than I’d like there’s things that I find unquantifiable – and the effect of the regulatory changes Pittards have been through is one of them. What’s changed over the last week, then, is that we’ve had a set of figures post restructuring, with the new make up for the business, and they look good. The market likes them, too – shares were up 20-40% on the news. They weren’t rated highly before, though, and they’re still not – so they’re still very much on my radar, and now with a more curious eye.
You can find my first look at the company here, with more on their background, but for a very brief introduction, they’re a producer of leather. It’s an old company – almost 200 years, in fact, but one that’s…
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