Cranswick Share Discussion Threads

[philanderer] 05/12/2011 08:40

'Farm Of The Week: Balancing act pays off for pig venture'

..."The pigs we send to Cranswick are top quality," says Karen. "But supermarkets want the meat too lean."

article:

[philanderer] 02/12/2011 16:01

Good US payroll numbers - more ribs stateside ? ;-)

[philanderer] 01/12/2011 19:34

Top 10 today :

FTSE 250 - Risers

Supergroup (SGP) 492.00p +6.82%
RPC Group (RPC) 353.00p +4.97%
International Personal Finance (IPF) 205.00p +4.06%
Diploma (DPLM) 345.40p +3.60%
Bellway (BWY) 754.50p +3.50%
Yule Catto & Co (YULC) 175.00p +2.88%
Regus (RGU) 91.45p +2.35%
Ashtead Group (AHT) 188.20p +2.01%
JPMorgan Asian Inv Trust (JAI) 188.10p +1.95%
Cranswick (CWK) 735.50p +1.59%

[philanderer] 01/12/2011 13:19

100k trade at 725p just shown.

[philanderer] 30/11/2011 16:08

That 724p is a bit of a struggle :-)

[philanderer] 29/11/2011 20:01

Chartwise 724p is the number to take out. Then on to that 740p level from which we had the sudden drop a few months ago.

All depends of course on reasonable general market conditions.

[philanderer] 28/11/2011 13:08

Nice rise today but on very low volume.... just over 5k traded so far

Chartwise need to break and hold above 724p

[philanderer] 25/11/2011 16:13

'Tulip buys premium player Parkam Foods'

Pork supplier Tulip has its sights set on the premium meat sector after announcing the acquisition of a portfolio of companies from Parkam Food Group.

Tulip - the UK arm of Danish meat giant Danish Crown - has exchanged contracts to purchase the shares of Parkam Foods, Freshway Chilled Foods, Trophy Foods, as well as the business of Tranfoods for an undisclosed sum.

The companies are strong players in premium retail and foodservice, supplying beef, turkey, chicken and sandwiches

...The move into sandwiches will also align Tulip's portfolio more closely with that of rival 2 Sisters Food Group, which - through its acquisition of Northern Foods earlier this year - supplies sandwiches, as well as Cranswick plc.

[philanderer] 25/11/2011 10:59

'Matterley Asset Mgt's Henry Dixon likes Dragon Oil, Cranswick& RPC Group'

video link:

[philanderer] 24/11/2011 17:12

Less than 6k traded....lowest since end september.

Thanksgiving in US keeping most volumes down today.

[philanderer] 22/11/2011 16:32

Newspaper / mag tips since results......

Cranswick

695½p

Questor share tip: Cranswick's margins should improve

By Garry White7:00AM GMT 20 Nov 2011

Sausage-maker Cranswick posted a better-than-expected set of interim numbers last week, and said it had a "degree of cautious optimism" for the full year.

Questor says BUY

article:





Investors Chronicle

14 November 2011

Rising input costs put a dent in first-half profits at Cranswick , although that didn't come as a surprise after July's profit warning.

The main problem was soaring pig prices in the first quarter, which rose around 15 per cent year-on-year, and which Cranswick couldn't recover quickly enough. Encouragingly, though, sales volumes climbed steadily throughout the half, up 3 per cent in the first three months and 7 per cent in the second, with strong UK demand bolstered by fast growing exports of ribs to the US and 'fifth' quarter meat - heads, trotters and other offal products - to the Far East, at much higher prices than those that could have been achieved at home.

Margins have also begun to improve in recent months, as a result of a pull-back in pig meat prices and price increases which were pushed through in August. Management believes that investment in its factories leaves it well positioned for what it expects to be "the group's busiest ever festive season", as households look to pork as a cheap alternative to more expensive proteins such as beef and lamb.

Broker Investec Securities expects underlying full-year pre-tax profit of £41.6m and EPS of 64.8p (2011: £46.8m/71.7p).


IC VIEW:

Cranswick is back on track and its strong balance sheet leaves it well positioned to take advantage of opportunities at home and overseas. So, trading on 11 times expected earnings, the shares are good value.

[philanderer] 22/11/2011 16:18

Bought in here today for the first time. ... ex - dividend tomorrow (9p) so may have been some buying for that.

FWIW, current brokers since half-year results:

15th nov Numis hold tp 752p
14th nov Investec buy tp 760p
14th nov Peel Hunt hold tp 700p
14th nov Panmure buy tp 820p


14th nov ++ half-year results ++

[farmingrgp] 23/9/2011 08:42

Tesco price war.... Bad news

[harrybigdick] 26/7/2011 11:13

Is is fair to say this is now worth a shaggers punt at circa £2.40
This takes into account any risk/reward/shagger ratio.

Sanks

[jerc] 26/7/2011 10:42

Maybe a chipolata compared to today's statement but worth noting......

[spob] 26/7/2011 07:56

profit warning

[thatch3] 25/7/2011 12:24

I see the Investors Chronicle has just rated CWK very highly

[farmingrgp] 16/7/2011 08:31

This one looks ready for a break out. Good yield, low PE and proven management who know how to maintain margin. CWK are never weak sellers to the supermarkets. The supermarkets know that they need CWK and will have to pay for product.

[farmingrgp] 12/6/2011 11:25

High wheat prices, pig farmers are in serious trouble and are shutting the doors and will not return even if pigmeat becomes scarce. CWK relies on pigmeat and needs volume to service overheads. Difficult times ahead.

[stevemarkus] 16/5/2011 10:41

Results looked pretty good to me. I wouldn't mind hazarding a guess that they will hold their own over the next year. Good to see debt down to £48M, and a very reasonable valuation, even if growth is flat for a year or so. Happy to hold, and top up on dips (if there are any)...

Cheers,
Steve.

[mida5] 16/5/2011 07:32

Looks an excellent set of results imo
CRANSWICK PLC: A VERY POSITIVE YEAR

Cranswick plc ("Cranswick" or "the Company"), the food producer, announces its audited preliminary results for the year ended 31 March 2011.

Highlights:

-- Underlying sales ahead by 4 per cent at GBP758m on volumes 6 per cent higher

-- Reported revenues up 2 per cent to GBP758m (2010: GBP740m)

-- Pre-tax profit rose 8 per cent to GBP47.1m (2010: GBP43.8m)

-- Earnings per share up 7 per cent at 74.5p (2010: 69.7p)

-- Recommended final dividend of 18.7p - up 10 per cent

-- Interest cover 30 times (2010: 21 times)

-- Net debt reduced by GBP6.4m to GBP48.3m

Cranswick Chairman Martin Davey said: "This has been a very positive year for Cranswick. Record levels of sales and profitability have been achieved and substantial investment has been made in the asset base to improve efficiency and to provide the capacity for continued growth.

[m.t.glass] 16/5/2011 07:27

Results Statement too big to paste in full but well worth a read: