Carr's Share Discussion Threads

[kinwah] 24/9/2020 09:53

Interesting choice for the new chief executive. Pelham seems to have an industrial background rather than agricultural so should be the man to sort out the engineering division.

[zipstuck] 16/9/2020 06:17

Possibly stop losses hit in an illiquid market

[kinwah] 16/9/2020 00:10

I thought the Forfarmers strategy statement was quite downbeat for the animal feeds sector talking about very limited growth expectations in Northern Europe. Nevertheless the fall in Carr's looks overdone. It is very illiquid and it doesn't take much to move the share price.

[9degrees] 15/9/2020 17:00

sounds like it - i know the harvest was not very good but this fall sounds like more than that? unless market makers playing around before good news ??

[spooky] 15/9/2020 15:38

That was an ugly close, i wonder if something has leaked. I do not hold.

[dozey3] 24/8/2020 12:50

Useful summary Kinwah, must be good news if the new-broom has shareholders interests uppermost which does not seem to have been the case up to now. Split into two companies - engineering and agricultural, both quoted on AIM. Shareholders to be allotted one of each for every CARR share held. Both new companies would immediately be ‘in play’ and a large percentage increase in aggregate price. No brainer I think it’s called. Management of each could concentrate on their own patch without distraction from the other.

[kinwah] 24/8/2020 11:27

Interesting change in leadership announced today. The chairman has praised Tim Davies's passion and integrity and the strong organisational culture he has built. However the company hasn't grown its earnings over the last 7 years despite making acquisitions. I think the board will be looking for someone younger and more entrepreneurial to take over as CEO to replace Tim's safe pair of hands. Although to be fair to Tim it hasn't been easy to find worthwhile acquisitions in the farm supply sector. It might also herald a review of whether the company should hive off engineering and sort out its ownership structure with Billingtons which is an anomaly for a listed company. So in conclusion I'd say this is at least the start of a more interesting time for Carr's Group and its shareholders.

[tallprawn] 23/8/2020 19:49

XD here on Thursday for 2.25p.

[zipstuck] 23/6/2020 03:50

.As reported in our trading update on 12 March 2020, challenges across both divisions, unrelated to COVID-19, led to a reduction in the Board's expectations for the current financial year. Based on recent activity, and whilst remaining acutely aware of possible interruptions due to COVID-19, the Board still anticipates a full-year outcome broadly in line with those revised expectations.

[cwa1] 12/3/2020 07:47

Well these results are not pretty:- https://www.investegate.co.uk/carr--39-s-group-plc--carr-/rns/trading-update/202003120700018464F/ ...happy to be out, sorry for any holders left here, hope things pick up.

[cwa1] 08/1/2020 14:34

It's not that I don't like the company, I do. However, just too many areas that need to hit raised expectations just to meet earnings target. If one, or more, fall down then there COULD be an unpleasant hit, so not worth taking the risk IMO. Hope not for holders and if a price reversal hits at some point then, as Arnie says, I'll be back :-)

[kinwah] 08/1/2020 11:41

CWA1 true but to be fair the weather has been especially mild this winter so far. Cumbria and Scotland also didn't experience the excessive rainfall that the south of the country did. The result has been perfect conditions for grazing which will have hurt feed sales. The warm weather - 13C in Cumbria yesterday is also badly affecting fuel sales.

[sammu] 09/12/2019 11:59

Yes the highest volume for over three years. Today's trades look a bit excitable. Looks like it's been tipped and then drawn out a couple of sellers.

[forensic] 13/11/2019 15:06

Unusual high volume of shares being traded today

[dozey3] 11/11/2019 12:19

Until it splits there will always be undervaluation compared with others. Come on private equity, management can’t see the wood for the trees.

[cwa1] 11/11/2019 09:12

Edison research on today's results hTTps://www.edisongroup.com/publication/engineering-growth-continues/25519 Valuation: Indicative valuation of 190p/share Our DCF analysis gives an indicative value of 190p/share (previously 184p). At the current share price, Carr’s is trading below its peers with regards to the mean EV/EBITDA multiple (6.9x vs 8.2x) and P/E multiple (8.9 vs 12.6x) for FY20e. Confirmation that Carr’s diversified business model can continue to address issues caused by Brexit uncertainty plus news of further Engineering orders should, in our view, help close the valuation gap compared with the mean.

[sammu] 23/8/2019 16:18

I've followed the small director buys with my own small top up today. Brexit seems to be weighing on the price, hopefully unfairly.

[cwa1] 20/8/2019 13:18

Not been a lot to report...so... 20 August 2019 Carr's Group plc ("Carr's", the "Company", or the "Group") Director/PDMR Shareholding The Company has been notified that on 19 August 2019 Chris Holmes, Non-Executive Chairman, purchased 10,000 ordinary shares of 2.5p each in the Company ("Ordinary Shares"). Following this transaction, Chris Holmes' interest in Ordinary Shares, is 749,000 equating to 0.80% of the Company's issued share capital.

[dozey3] 01/5/2019 06:25

Cbdrlief - filtered