Crawshaw Share Discussion Threads

[mcmather] 06/12/2016 10:51

Be interesting to know who is still with the company. They used to highlight certain employees on this section of their website but this has been vacant for the past 4-8 weeks or so:

I know that they used to have various trainee / area managers but it is difficult to determine from their website how old the positions advertised here are; the same lot appear to have been there for a considerable period now:

The point being with the area managers is that I'm pretty sure their visiting the stores in their area on spec / a regular basis would avoid situations as those that you have described at the Cannock store palaje in #4549.

Likewise, I would hope that any meat sold but which was not of the required standard would be related to it simply having been missed (ie inadvertently left on the shelf) given that meat approaching its sell-by date (but still edible) is supposed to be used in the following day's food to go range; ie again something that would hopefully be picked up on immediately by an area manager if, for example, missed by the branch manager / staff.

(Why would you choose that pack though if a genuine purchase....)

[penciles2] 05/12/2016 20:14

Very fine margin for retail

[castleford tiger] 05/12/2016 17:08

thanks.
My company selling whole fillets at 18.99 so pretty close.( into pubs and catering)
For the record it costs about 15.00 a kilo.

This is vac packed whole fillet.

retail of course its from 29 to 49 a kilo

cheers Tiger

[paleje] 05/12/2016 16:21

£19.90/kg you have to buy it whole.

[castleford tiger] 05/12/2016 12:25

how much was the fillet please per kilo?

thanks
pencils
I was just dividing whats was owing to suppliers by the average weekly spend. so you may be right.

tiger

[penciles2] 04/12/2016 13:11

8 weeks tiger i have heard 12 -16

[runwaypaul] 03/12/2016 17:28

wot no beef tucci?

[castleford tiger] 03/12/2016 17:08

Penciles

That's been floating around for a while. Prices by the way are shooting up now British meat is going for more money overseas.
Total reverse of what was happening. All adds to pressure on margins.

The good years of cheap supply and deals to be had helped CRAW grow fast but that's gone.
Margin could be up to 10pts down unless they increase prices and then sales fall.

Its just a tough time.

Think they are ok for cash though at the moment
tiger

[penciles2] 03/12/2016 13:30

Spoke to some suppliers and didn't like what I heard

[playful] 01/12/2016 21:36

We are benefiting from some foolish wisdom.

[tmfmayn] 01/12/2016 14:08

(Sorry, off-topic)

tabhair,

This book covers AMZN and its investment in long-term growth:
hxxp://www.mayers100x.com/100Baggers.pdf

Chapter 5 I think. Apparently the stock was cheap in 2003.

Mayn

[davidosh] 30/11/2016 14:59

The Cannock store opened on 30th March so has been around for eight months now. All useful feedback and it is good if we get a rounded view of operations. I have someone visiting eight stores for me including the latest factory store in Gorton over the next few days and will give feedback when I can.

It looks like the prices are still very competitive and appealing. Cannock was a new store so like for like figures will not apply and hopefully they are getting more andf more custom as numbers of local people get to know them for the first time just like Paleje

[castleford tiger] 29/11/2016 18:54

tabhair

a few errors there.
t/o was last year 37 million.
EBITDA was depending on the measure 1 to 2.6 million.


you also say


especially considering that opportunity for further growth is still there.

Well they have paused shop openings and current LFL sales are in reverse.

How about you look at this.
Each store is worth 400k. based on market cap.

Its a loss making company and by George to squeeze a profit here after central costs will be tough.

tiger

[tabhair] 29/11/2016 11:16

Anyone think this is starting to look cheap? IFRS accounting numbers look bad, but when you strip out the cost of opening new locations, then this actually seems cheap.

Market cap - £19M
Store count - 50
Revenue per store - £1M
EBITDA margin - 10%

Totalling the numbers gives you total EBITDA of £5M, which against the backdrop of the market cap is quite cheap, especially considering that opportunity for further growth is still there. There are no placings (not for a few years at least), there is no use of debt, all the store growth is organic.

[paleje] 29/11/2016 11:05

Me too Shanklin, don't have it I'm afraid.

[shanklin] 29/11/2016 10:52

It would certainly be interesting to know the basis for PH's 60p.