Carr's Share Discussion Threads

[s34icknote] 27/8/2021 08:27

Is that good or bad ?

[robertball] 27/8/2021 04:58

Feed prices at record high?

[s34icknote] 18/8/2021 16:21

Yep 180 on a heady ten times earnings !!!

[cwa1] 18/8/2021 15:54

14,090 @ 167.5p is a pretty solid close

[royaloak] 18/8/2021 15:11

Some interesting action the last few days.

[somethingsup] 11/8/2021 07:55

Think we got to about £18.00 before the 10-1 split. (Many years ago now!)
Will be nice to be up there again £1.80? Great dividends over the years and of course the Flour Mill proceeds.
Let’s hope steady away next 5 years!

[s34icknote] 11/8/2021 07:17

Still going higher

[s34icknote] 30/7/2021 14:25

Edging slowly higher

[somethingsup] 23/7/2021 14:44

PBT 16,1m e21. Edison value £1.65. Let’s say PBT £18m e21 so could go £1.80 upwards with sustainable PBT?

[cwa1] 23/7/2021 14:11

SP seems to be reacting to the CEO share purchase announcement. Already sitting on quite a healthy turn since purchase and quite tempting to flip it :-) However I think there could be further to go in the medium term.

Anyone got a target price for this?

[somethingsup] 23/7/2021 11:14

£250,000 of HP’s own money in last few months. Chairman next? Dividend looks safe.
Hoping Edison will revalue in Nov!

[s34icknote] 23/7/2021 11:01

Nice one All heading in right direction !!

[cwa1] 23/7/2021 10:25

Indeed: 80,000 @ 1.57, not chicken feed

[royaloak] 23/7/2021 10:12

Well done Mr Pelham!

[s34icknote] 20/7/2021 12:04

Managed a few yesterday Good trading update .Growth on a low rating with good div !!!

[royaloak] 19/7/2021 08:30

Thanks for that report CWA1, very interesting, I think it ties in with our thoughts.

Engineering is interesting, I believe there are future growth areas in this country in other sectors apart from oil and gas which will inevitably decline over the years.

[cwa1] 19/7/2021 07:44

Edison research:-



Valuation: Indicative valuation of 165p/share

Our DCF analysis gives an indicative value of 165p/share (previously 170p/share), with the small reduction reflecting higher UK corporation tax rates from April 2023 onwards. We believe that the valuation gap with respect to our indicative valuation and the peer averages should continue to close as the improved order book in Engineering and turnaround programme at one of the Engineering manufacturing businesses converts to improved divisional performance.

Hopefully the figures in this research are "there to be beaten" :-)

[royaloak] 19/7/2021 07:01

Good Morning

No surprise judging by recent price action!

[cwa1] 19/7/2021 06:22

Very satisfied with this:-



The Group's trading performance for the full financial year is anticipated to be moderately ahead of the Board's expectations.



Speciality Agriculture continues to perform strongly across the UK, USA, and Europe. Livestock prices remain buoyant which, together with a continued recovery in our animal health business, has led to a significant improvement in performance compared with the prior year.



Our Agricultural Supplies division is slightly ahead of expectations, with strong machinery revenues and an improved retail performance more than offsetting the negative impact of raw material price increases seen earlier in the year. Resilient farmgate prices continue to drive farmer confidence in the UK.



Engineering performance significantly improved over the 20-week period, driven by contract wins, reduced overhead costs and a recovery in oil & gas prices. Order books, particularly across the nuclear and defence sectors, are encouraging, having grown significantly during the financial year.



Cash flow remains strong, with net cash from operating activities materially higher compared with the equivalent period in the prior year owing to robust working capital management.



A second interim dividend of 1.175 pence per share will be paid on 1 October 2021 to shareholders on the register at close of business on 27 August 2021. The ex-dividend date will be 26 August 2021.



The Group's performance remains encouraging owing to the strength of its businesses, range of products and services, and market positions globally. Activity levels across the Group remain high and ongoing standardisation programmes are expected to enhance future performance.



The Company expects to announce its results for the year ending 28 August 2021 on 22 November 2021.



Hugh Pelham, Chief Executive Officer, commented: " Trading conditions have remained positive in Agriculture and have improved in Engineering. Our business improvement initiatives remain on track. Carr's is well positioned to continue driving further growth. "

[cwa1] 16/7/2021 15:28

Yup, picking up more than I expected on this one by just putting an iceberg type order on the book. Good luck to them. Nice to see a decent bit of interest here however it is achieved :-)

[royaloak] 16/7/2021 15:24

Looks like they have picked up at the moment another 30K + at 147p

[royaloak] 15/7/2021 08:48

I am pretty sure they had picked up the 70K.

[cwa1] 15/7/2021 08:46

Interesting to see it back, albeit smaller than previously. Wonder if they picked up that circa 70K shares in the market sitting on the bid?

Also wonder if they have a previous holding and they might have gone above a declarable level IF they get them all?

[royaloak] 15/7/2021 08:38

Blimey, by some fluke it looks like I was correct, now 145,339 on the Bid at 147!