Crawshaw Share Discussion Threads

[typo56] 15/9/2016 21:25

battlebus2, I'm sorry if you don't find my points relevant. Personally I'd want to understand the related party transactions/investments before I invested, particulary in an AIM listed company.

[bprofit] 15/9/2016 21:18

Due to store openings last year the group sales came in up 51% on previous year. This year they are on track to open approximately 15 new stores. On 29th of June they reported group sales were up 37% for the year to date. While announcing a 1.9% drop in like for like sales... Today's report stated the drop in like for like sales reported then had persisted, which was partly mitigated by strengthening gross margin.They did not tell us how much they are down, which leads one to assume it must be in line with the figures reported in June or worse, that market took the later view today. However they closed today's announcement stating they are confident they can restore sales momentum and are willing to invest margin to do so, while confirming they plan to continue with store openings! To me it can't be much worse than a few % on this basis.Therefore the 40% drop today seems very overdone and I would not be surprised with a quick recovery on half year results..

[battlebus2] 15/9/2016 21:17

Sorry to see the fall in CRAW today especially for those long term holders. Thankfully I didn't hold any ahead of today's update. I believe it's only a blip and over a longer timeframe these will come good. Typo I don't know what your looking to find but it's hardly relevant to the lack of sales as per the update.

[typo56] 15/9/2016 20:45

I notice that the accounts for Electro Switch Ltd y/e Jan 2015 mentions, "The investment of 250,000 shares in Crawshaw Group plc was sold in May 2014 for a cash consideration of £544,118." Wow, that doesn't seem a bad price when CRAW were trading at around 40p. Were they a different class of share?

Can anyone find any mention of this share sale in an RNS or in the Annual Report? Does the fact that Richard Rose resigned as a director of Electro Switch Ltd a few weeks earlier (on 7 March 2014) mean that the sale didn't have to be declared?

[typo56] 15/9/2016 20:01

Does anyone know how much CRAW paid to Electro Switch Ltd for 'consultancy services' last year. In the previous year Richard Rose was still director at Electro Switch and so payments were declared as related party transactions. Since then he resigned as director of Electro Switch, and now his family members are directors. Does this mean there's no longer a need for a related party declaration? If so, how do shareholders know how much CRAW are now paying Electro Switch for their services? What are these services? Do they have a web site? Do they advertise?

[playful] 15/9/2016 19:01

Yes, I remember you Tiger.

The outlets are the way forward and have been championed by the previous CEO for a long time now, so hopefully his voice will carry enough clout to get them up and running ASAP.

[evil_doctor_facilier] 15/9/2016 18:42

Well you are obviously welcome to your own opinion Extrader.
My research was based on many aspects.If you look at my post history you will see many researched items that go against the consensus view that have proved up.
But that is just beating my own chest isn't it now?

Personally i think the people protesting too much, or should i say committing libel, are the posters who considered themselves CRAW 'experts.' The so called 'knowledgeable ones. These posters have had their nose squarely put of of joint by my researched post.
After all, how on earth could moi know more than these 'sage' posters about Craw sales? it's impossible! He must have had inside information. No one knows more than these people about Crawshaw..That has to be the explanation why he was one step ahead!

All part of the healing process of having your exceptions proven wrong live on advfn and losing 45% of your money in one day i suspect.
Not even a hint of a bounce either, looks set to fall further in coming days/weeks-

Have a good evening Extrader!


EDIT good post tiger, BTW Asda sell a whole chicken now for 1.90..

[castleford tiger] 15/9/2016 18:36

Ok my view for what its worth...........
Came across these as a supplier the share price was 3p.

Lets get a few things very clear.......
Dewhursts failed when the high street was a busy place. Now they are dying.

The current valuation ( as of yesterday ) was 4x fair value. So 250k per store maximum.
The whole problem is the High street/shopping center growth. Its flawed.

Out of town or main road sites with parking will work. Bolt them on garden centres for example and it may work.
However that's a different model.
How much profit do you think there is selling freshly cooked chickens at 2 for 5.00.
They then went more fast food away from meat sales. However the footfall is not there.
Double wammy supermarkets selling English lamb legs today ( Morrisons ) at 7.50.
Frozen or fresh COSTS 10.00 same size. That just under 5.00 a kilo.

There was a glut of cheap meat from USA and Africa but its all dried up since Brexit.
WHY...........because everything went up 15% overnight and very quickly as the meat life is approx 4 weeks.

That's the brexit story. So say it.
With shop wages of 120.00 a day for a 12 hour shift plus extra for managers the costs add up.

In my opinion as a retailer (we had 26 sites) we operate now from 3 the model is flawed.
They must change to a meat outlet concept (there are a few in the NE ) add in some fresh veg ( local) and a good baker in house you have a 1 stop food destination.
Has to have parking that you control and be edge or out of town.

One final point..........how much of the profits were reverse premiums on leases?

This could get very messy and IF I owned I would cut my losses and run.

I have no position here.

tiger

[extrader] 15/9/2016 18:26

Hi Evil_doctor_facilier,

"Methinks the laddy doth protest too much" - esp. with the insistence on not having 'seen' anything and commenting on 'information' that they've 'researched'....

Wasn't your insight based on comments heard at/in Hallaby ?

ATB

Discl. : First time holder of CRAW today. Time will tell, etc...

[evil_doctor_facilier] 15/9/2016 18:00

This is now past ridiculous and getting sublime!
Posting researched opinion that turns out to be proved up, is not posting inside information, it's called being clued up!

At the risk of repeating myself for the twelve time.

I have not been privy to any inside information at all. Now... (this is the crux of the matter, stay with me here)........ If i have not seen such information, how on earth could i be guilty of releasing it?

I find it increasing tiresome trying to understand how people seem unable to grasp that one fundamental point!

Garbetklb,
What you are actually saying is bonkers.
You are seriously alluding that if someone posts information they have researched or even 'bravado' and it comes to fruition, then that is somehow posting insider information?
Ehh??
Well let me tell you now. It isn't and moreover that notion is absolutely ridiculous!!

Amazing!

[garbetklb] 15/9/2016 17:34

Evil

I've learned a lot from Gengulphus over the years, especially relating to regulation & tax. I think he's v well worth listening to.

To be honest, yesterday, I didn't think what you were saying was inside information - which is why I asked you about your source, which you said you were not comfortable in disclosing. Having read what's been posted in the last day, I've changed my mind - I think what you were saying yesterday may have been either inside info, or bravado. Given this morning's RNS, I'd lean towards the former.

I'm NOT accusing you of insider dealing. Nobody else knows your source etc but, from your own posts, I wonder whether you may have disclosed inside information without realising where you stood legally?

I'd suggest everyone simply cools off - I certainly have no wish to get into a slanging match. I was severely overweight CRAW and have learned some useful & v painful lessons.

I'm not impressed by the communication from the company for all the reasons given by others above. But I think some of the comments here are an over-reaction - and I hope the share price is too. I bought a few more this morning - I'm not sure that was a brilliant idea / timing! Overall, having met Collett / Richardson a couple of times, I'm v comfortable with the leadership of the company. But I hope they learn lessons from this.

And a comment on earlier posts - the days of the company relying on short dated supermarket meat are in the past - they do buy some, but not a significant amount. They mainly buy on the spot market - and will be affected by the drop in sterling.

[evil_doctor_facilier] 15/9/2016 14:23

This is like having a conversation with a squirrel. You do not acknowledge questions or facts and neither do you rebut them.

Utterly pointless!

[gengulphus] 15/9/2016 14:20

My god, for the last time. YOU are not understanding the one main fundamental point here.
How on earth can i release inside information when

A. I am not on the 'inside'
B. Have no 'inside' information.

I am glad to hear that it's the last time you will bring up that irrelevancy of whether you are on the 'inside'. As to whether what you posted was inside information, I'll judge that by your actual words in yesterday's posts, not by what you're now trying to tell us it was or wasn't.

In any event, I've no real interest in discussing that judgement with you - my main concern has been to make certain readers of this board know what the regulations actually say, especially that "insider dealing" is not the only offence in this area and that someone does not have to be "inside" a company in order to possess "inside information". If anyone chooses to ignore those points, I'm not going to spend any more time on trying to convince them - basically, either they stay on the right side of the regulations (for which it's helpful to know what the regulations actually are!), or they don't and it's them risking an FCA investigation, not me...

Gengulphus

[evil_doctor_facilier] 15/9/2016 13:41

I don't dispute your own experience, i can only ascribe a particular quality by my own.

Is this post below by Gengulphus inside information, speculation or fair comment?

It contains the same forward looking statements and opinion as my Craw post, only his has not turned out to be correct!
If they (Pistoia ) would have released an RNS saying they had bough 29.999% the next day after Gengulphus post below.
I ask you, would it be fair for normal minded individuals to post at Gengulphus what he now aims at me??

-----------------------------
Gengulphus - 26 Aug 2016 - 00:03:16 - 3759 of 3772
"Given the share price strength it looks like New Pistoia are going to buy up to the 30% level again."

[optomistic] 15/9/2016 13:30

Over the years I have read many posts by Gengulphus and never have I considered him to be a moaner.
Gengulphus specialises in facts which in many cases have been invaluable to his readers, myself included and I am very much obliged to his willingness to assist people.

[evil_doctor_facilier] 15/9/2016 13:04

Do NOT expect me to be grateful to you for exposing me to that legal trap. Fortunately, I avoided it, as I am not moronic enough to act on the basis of what had to be either inside information or invented information.."


Or just Fair comment of an opinion perhaps !!!!!!

How you can post such bitter narcissistic pulp after my post yesterday that clearly stated to pin "no trust on others BB opinion" is staggering to say the least!

Evil_doctor_facilier - 14 Sep 2016 - 12:27:52 - 4032 of 4147
But as always take what you read on this BB with a pinch of salt and DYOR.

For the purposes of this Regulation, unlawful disclosure of inside information arises where a person possesses inside information and discloses that information to any other person, except where the disclosure is made in the normal exercise of an employment, a profession or duties."

When you finally grasp that i have not seen any inside information to actually disclose maybe you will understand your post above is irrelevant to me?
To have inside information i would have had to have seen it. I haven't !
Your post above is totally moot to me. Why do you keep ignoring this overriding fact that i have no inside information to actually disclose in the first place?

My god, for the last time. YOU are not understanding the one main fundamental point here.
How on earth can i release inside information when

A. I am not on the 'inside'
B. Have no 'inside' information.

Your post above relates to someone given inside information and then passes it one, (otherwise they would be inside) what has that got to do with me???

Have you noticed there is never no Spanish Inquisition style posters like this following any share price increase, aimed at posters who had claimed good times ahead or new contracts ect ect? Oh no they are thread hero's then!!!!

If i would have posted yesterday that sales are up 5% and the share price and gone up 15p today, you would not be posting this ridiculous spaghetti of innuendo at me ?
Strange how losing 45% makes you want to attack others. look at yourself, you bought and held these.YOU called it wrong, no one else!!!

Get over your loss, no one likes a moaner!!

[gengulphus] 15/9/2016 12:54

I am not classes as 'inside' at Crawshall, ...

Irrelevant - from , Article 10 "Unlawful disclosure of inside information":

"For the purposes of this Regulation, unlawful disclosure of inside information arises where a person possesses inside information and discloses that information to any other person, except where the disclosure is made in the normal exercise of an employment, a profession or duties."

What matters is whether you possessed inside information, not whether you were classified as an insider. And what you said yesterday sounds very much as though you did possess inside information, as a result of someone inside the company having unlawfully disclosed it to you. They were potentially in legal trouble as a result of doing that, and when you disclosed it to this board, you put yourself in the same potential legal trouble.

Always the same with these moronic posters, someone comes along like me giving actaul personal insight that within one day turned out to be broadly factual ...
You should be thanking me.

If I'd acted on that "actaul personal insight" by selling yesterday, I would also be in potential legal trouble for insider dealing, since I would have possessed inside information and dealt on the basis of it.

Do NOT expect me to be grateful to you for exposing me to that legal trap. Fortunately, I avoided it, as I am not moronic enough to act on the basis of what had to be either inside information or invented information. But no thanks whatsoever are due to you for that.

Gengulphus

[smithie6] 15/9/2016 12:38

Ouch...for D.Dosh and some others...

so, company claims that people buying less meat since watching football on TV !!
I dont believe it !!...nor does the mkt by the look of it...

[evil_doctor_facilier] 15/9/2016 12:24

It's a weak but convenient excuse that i suppose 48% of people will love to hear, even if it is total baloney!
There is not one iota of evidence that i have seen, that has shown spending on meat being affected by brexit or Football. Moreover, for that matter ;- what a totally absurd proposition. I ask you!!

Moy park (Aug) Processor Moy Park has seen a steady second quarter of the year, with any positive sales figures being driven by volume growth.

In the 13 weeks to 2 July 2016, the group’s overall underlying sales volume grew 5%

Waitrose (May) Waitrose’s personnel director Helen Hyde said: “The year’s first burst of warm weather tempted customers outdoors for alfresco dining and entertaining”, adding that value sales of barbecue meats were up 41% on the same week in the previous year.

Blackmore (aug) Blakemore Fresh Foods has reported a year of record sales, attributing the success to expansion over the period.

The fresh meat wholesaler and importer, which forms part of the A F Blakemore Group of Companies, has achieved sales of £42.8m for the 2015/16 financial year, up from last year’s record of £38.9m.

One final point, Morrison's cut its meat prices by 12% in September so hardly to blame for the last 6 month sale malaise at CRAW i dont think.

I believe Noel should maybe let fresh eyes look at this. It is not really like Lidl in any way shape or form , save the discounting image.
Craw's strength was its low prices and great deals , withdrawing these is having the obvious effect on sales!

[andysand] 15/9/2016 12:08

Given their fake excuse, this has to be a barge pole stock. Had it not been for the football/brexit nonsense, I might have believed their was value here.