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CARR Carr's Group Plc

121.50
7.50 (6.58%)
22 Nov 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Carr's Group Plc CARR London Ordinary Share
  Price Change Price Change % Share Price Last Trade
7.50 6.58% 121.50 16:40:10
Open Price Low Price High Price Close Price Previous Close
121.50 121.50 121.50 121.50 114.00
more quote information »
Industry Sector
FOOD PRODUCERS

Carr's CARR Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
18/04/2024InterimGBP0.023502/05/202403/05/202405/06/2024
21/12/2023FinalGBP0.028525/01/202426/01/202401/03/2024
04/08/2023InterimGBP0.0117524/08/202325/08/202329/09/2023
02/05/2023InterimGBP0.0117511/05/202312/05/202319/06/2023
23/03/2023FinalGBP0.028513/04/202314/04/202312/05/2023
05/08/2022InterimGBP0.0117525/08/202226/08/202230/09/2022
20/04/2022InterimGBP0.0117528/04/202229/04/202207/06/2022
07/12/2021FinalGBP0.026516/12/202117/12/202126/01/2022
16/08/2021InterimGBP0.0117526/08/202127/08/202101/10/2021
21/04/2021InterimGBP0.0117529/04/202130/04/202108/06/2021
23/11/2020FinalGBP0.02503/12/202004/12/202015/01/2021
15/07/2020InterimGBP0.022527/08/202028/08/202002/10/2020
11/11/2019FinalGBP0.02528/11/201929/11/201910/01/2020

Top Dividend Posts

Top Posts
Posted at 10/6/2024 06:25 by kinwah
Change of registered and head office. Normally when a company announces this it isn't of any significance. But it is with CARR. I suspect they have been based in the Victorian manor house for over 70 years. Obviously the company now has many fewer employees based in Carlisle and it's time to sell the property. It's a pity it's not on the banks of Lake Windermere but I guess they might get up to £2 million for it. Even paying rent on the new place there should be a cost saving.
Posted at 06/6/2024 13:47 by kinwah
CARR often experiences a jump in the share price the day after the dividend is paid as it has quite a substantial DRIP (Dividend Re-investment Plan). It may be that buying in a tight market has also triggered some speculative buying. Let's see.
Posted at 22/1/2024 20:21 by somethingsup
More likely picking up dividend before going Ex on 25th Jan? Maybe?
Posted at 04/9/2023 20:09 by p1nkfish
No wonder NAS has been under pressure.
I think he holds CARR on expectation of work in nuclear.
Posted at 06/5/2023 15:47 by kinwah
Samson yes we are getting two dividends. 12th May we get the final dividend of 2.85p followed by the interim dividend you mention in June. I said at the time, the final divi announcement was so badly done I struggled to find it as it was not where it would be normally or listed in the highlights. It was voted on at the GM and had 100% approval.
Posted at 05/5/2023 18:06 by samson23
Are we getting two dividends ? the June dividend is called the first interim dividend for this year no mention of last years final dividend.
Posted at 04/5/2023 18:43 by kinwah
Apparently the general meeting was very well attended especially by former directors. Attention was drawn to the extortionate cost of last year's audit - over £1 million and the lack of growth in dividends compared to directors' remuneration. I get the impression various things are happening behind the scenes. I wouldn't be surprised if there were plans to cut overhead costs now the group has slimmed down. Nice that we'll be getting the final dividend soon and an interim dividend next month. That'll pay for the summer holiday.
Posted at 11/4/2023 23:27 by kinwah
Samson, you raise an interesting point regarding the first interim dividend for financial year 22/23. The GM will be on the same day that the interim results are released with the final dividend for 21/22 being paid on 12th May. That makes the GM on 2nd May a higher profile event as the directors can be quizzed on the interim results released that morning. It would seem likely that the interim results won't be anything special so there must be a chance that the first interim dividend due in June could be omitted. CARR might decide to move to a more normal single interim dividend meaning the total dividend is reduced by 25% leaving it closer to being twice covered by earnings. 2nd May would be the perfect time for the new board to reset the dividend policy and set out plans to grow the business.
Posted at 28/3/2023 09:46 by kinwah
This is such an unusual situation that I suspect the FCA might have other concerns. CARR had been an anomaly as a listed company in that it derived over 70% of its revenue from non-wholly owned businesses. The issue with the audit of Carrs Billington Operations highlighted that a substantial part of the business was not under CARR's control. I am no expert on the listing rules but generally, listed companies need a substantial majority of the company's operations under their control. Carr's escaped the Stock Exchange/FCA taking much notice of the company's unusual corporate structure for over 20 years. Now the FCA will be looking at the application for a restoration of the listing and maybe considering that CARR needs to issue a new listing document. If so that would entail considerable expense and delay. It may even be the case that the company could switch to AIM which would not have been possible previously under the AIM rules due to the structure of Carrs Billington. I really hope CARR's advisers and the FCA can sort the situation out swiftly for the sake of shareholders.
Posted at 23/3/2023 12:45 by johnsoho
I personally think these results were pretty good and when the shares re-enter the market they will actually go up in value but, as always, time will tell; I’ve cut and pasted part of the full year report below::

For the year ended 3 September 2022

"A strong performance in a transformational year for the Group"

Carr's (CARR.L), the Speciality Agriculture and Engineering Group, announces its full year results for the year ended 3 September 2022.

Financials (continuing operations)


Adjusted (1) FY22 FY21 +/-
(restated)
(3)
------------------------- ------------ ------------ -----------
Revenue (GBPm) 124.2 120.3 +3.3%
Adjusted(1) operating
profit (GBPm) 11.9 11.1 +7.5%
Adjusted(1) profit
before tax (GBPm) 11.2 10.4 +8.0%
Adjusted(1) EPS (p) 10.0 10.1 -1.0%
Dividend (p per share) 5.20 5.00 +4.0%
Net debt (2) (GBPm) 14.0 10.0 -40.8%

Statutory FY22 FY21 +/-
(restated)
(3)
Revenue (GBPm) 124.2 120.3 +3.3%
Operating profit (GBPm) 8.2 8.2 +0.4%
Profit before tax
(GBPm) 7.6 7.5 +0.4%
Basic EPS (p) 6.4 6.2 +3.2%


Highlights

-- Revenue from continuing operations increased 3.3%
-- Adjusted profit before tax from continuing operations increased 8.0%
-- Reported operating profit from continuing operations in line with prior year at GBP8.2m
-- Agricultural Supplies business sold at market comparable 6.4 x FY21 EBITDA
-- Post year-end disposal leads to net cash on balance sheet
-- Refreshed Board for 2023
-- Group now focused on higher margin, differentiated, international businesses
Peter Page, Chief Executive Officer, commented:

"2022 was a year of significant change for Carr's Group. With a clear direction and strategy, the business is now focused on higher-margin, differentiated, international Speciality Agriculture and Engineering businesses with strong growth prospects."