Valid points.
Ten years cannot be described as "short term" in the corporate world.
"Keeping it going" for even ten years was quite an accomplishment by the five former owners of HARMAN. Pemberstone's continuing the business for yet another ten years, through the end of its site lease, would be an even greater accomplishment in my opinion. Should Ilford products remain in production after 2025, I'd be ecstatic. But, given our lack of factual information, I'll not count on it.
Hope for the best and prepare for the worst. Hasn't failed me yet.
In terms of aquisitions, 10 years is a very short term. 5 year plans are very normal in annual planning sessions, merely going out to 10 is nothing for an acquisition. A private equity company would easily think about 10 years out because they have to consider if they will even want to own such a purchase. Further, making money on a large purchase like a company takes many, many years. Ilford is not a company that private equity could buy and flip for a profit in 3-5 years; they need to think longer. Due diligence certainly must have allowed for them to consider what happens 10 years forward.
Disagree. The 5 previous owners have done all the heavy lifting. They right sized the company, and put into place methods and distribution that have clearly made Ilford sustainable in today's reduced film market. The new owners essentially have to just steer the ship as-is, and find ways to grow the business if at all possible. Small steps can be taken (to avoid disruption) and if they work can be made into larger steps to improve the business.
Don't forget, in the rush to depression and gloom about the future of photo products, that Harman Technology are involved in several other hi-tech areas....check the Harman site, rather than just the Ilford Photo one. I'm sure that the new owners have not overlooked this in assessing their long-term plans. Some development is related to inkjet products, but others diversify into unrelated areas of research.
If Ilford and Kodak make a steady dependable 8 to 10% profit they will be around a long time.
Ilford is private, hard to know what their financial position is. One thing for sure it will be better for everyone if there is a steady demand for their products. I've got to believe that film is still profitable. With the value of £ sterling falling Ilford should be competitive as can be in the USA. .BUT Ilford is far, far below that profit.
Ilford is private, hard to know what their financial position is.
Their recent financial reports are public.
I got detailed figures for the recent years. And we discussed them here.
Sure you did.
They were 6.Harman Technology Ltd was formed by 5 people. 3 left Harman, but 2 still remain there including the Manager Director when Pemberstone bought it.
there was some financial report. they made something like $50K on $20MM in sales. not real robust earnings if I recall.
Their recent financial reports are public.
Simply following the link provided in post #215 leads to this page after seaching for HARMAN Technologythere was some financial report. they made something like $50K on $20MM in sales. not real robust earnings if I recall.
Look again: https://beta.companieshouse.gov.uk/company/05227615/officersThey were 6.
Only 1 remained.
Man...is there any way you can not leave a trail of social destruction and nastiness everywhere you go?
Please....lighten up and show some respect already?
there was some financial report. they made something like $50K on $20MM in sales. not real robust earnings if I recall.
And why is a private company reporting earnings in public?
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