Carr's Share Discussion Threads

[somethingsup] 07/8/2022 17:19

SOTP £292.7p

We’d all like that😁㊋6;

[p1nkfish] 07/8/2022 15:34

Reminder of possible potential value to release.

[andydaf] 07/8/2022 14:51

Fwiw i thinks it makes a lot of sense for the engineering side to be sold/floated ,the fuel oil side to be sold to NWF and the rest to be merged with Wynn.However i am never right so i will have to await the review.As somethingsup has stated i am pretty sure its going to be radical and far reaching.As always GLA

[somethingsup] 07/8/2022 14:10

……because there will be CEOs in the new companies; sold or merged?

[somethingsup] 07/8/2022 13:59

The PP CEO announcement indicates to me it is a temporary measure before the strategic review is revealed. Crossing T’s & dotting i’s is all that’s left so we must be in for something fairly radical in my view. Certainly a sale of the engineering and possibly parts of the Agri businesses. Could even be a merger of the Agi businesses into NWF or Wyn?
Time will tell but I’ve never seen a non exec chairman go to exec chairman & then CEO unless it’s temporary!?

[andydaf] 06/8/2022 15:58

Reading between the lines Pelham was a engineering man.The new ceo/chairman is farming/food man.I could be very wrong but i expect the engineering side to go when the strategic review is revealed.Trading update was good, no nasty suprises in difficult times.Cfo leaving for westmoreland tells a story of carrs becoming a smaller but more focused group.Looking forward to the strategic review.As always GLA

[p1nkfish] 05/8/2022 16:47

Review release soon. Price up on decent volume vs 3m average after the TU today that confirmed the bad stuff. Interesting.

CEO transition not rushed too. If I had followed this more closely I might have a theory as to the CEO move related to the outcome of the review but have no clue. Current CEO come to end of the road and wanting a change?

[somethingsup] 24/4/2022 12:57

With so many strategic possibilities I’m now of the opinion that all three Divisions should remain; a Holdings Company with two separately quoted companies; Carr’s Engineering & Carr’s Agriculture (combining Supplies & Specialty who do support each other!). That would create value and growth . Let’s not sell when so many parts of our company are looking very exciting. If there are sellers post strat review then rather sell shares with 20% CGT.

[kirmich] 24/4/2022 08:01

numbers not well received, i liked them though. Took a bit more and also had a go at 141 but didn't materialize.

Let's see what it will bring us the next few months.

[somethingsup] 20/4/2022 09:19

Looking at the Edison report out today they have spent £400,000 on the ongoing strategic review. They’ve clearly got some heavyweight advisers on board and judging by the emphasis on Engineering I’d bet that will be sold next few months?

[cwa1] 20/4/2022 06:47

Half year report out:-



"A robust performance in the period with full year expectations unchanged"

[somethingsup] 16/4/2022 07:36

Agree no dividend. Shares up sell & pay 20% CGT, as you wish.

[kirmich] 15/4/2022 16:44

Please no dividend , check out how Donegal over in Ireland did it a few years ago. Also in the farming sector, with a lot of farmers as shareholders. was a fun ride.

Probably they end up saying, we stuff our plans in the backburner for now. As long as the results keep being ok, i don't really mind. But i do like the focus of Wynnstay, they prove that execution and good results do help the share price. What a ride there from the low 2's.

I like the farming sector, hope to do a repeat here with carr, in with average 150.

[somethingsup] 15/4/2022 08:04

My final thoughts based on the Edison report.
Sell Engineering £70m
Sell Agri Supplies £70m
Keep Agri Specialty £190m (Re rated)

Result £140m in the Bank. Special Dividend of £1.00 (£90m) from some of £140m proceeds. Hold £50m for acquisition/s.
Renamed Carr’s Specialty Agriculture valued at £190m. International business with patents & profit margin.
Now that’s what I call shareholder value!
IMHO

[bareknee] 12/4/2022 14:48

I think the most likely outcome of the review will result in a similar situation to what happened with the flour businesses in that they'll sell off at least some, but more likely all, of the engineering businesses to one, or more, other companies.

I'd imagine there'd be plenty of interest in the Nuclear side of things.

A spin off into a new, quoted company is possible, but, to me at least, seems pretty unlikely.

[3800] 12/4/2022 11:34

Thanks for that Bareknee, thats the bit I have been looking for.
3800

[somethingsup] 12/4/2022 10:52

A Holding Company with three separately quoted business’s.
28513;

[3800] 12/4/2022 10:44

Thanks for that somethingsup, I couldn't find any company confirmation of a stratigic review. maybe edison were hoping for a fat fee for administering any split up. I cannot see management being keen on running a smaller part of the total group as running a smaller company would mean smaller recumeration for them. Aswell as less prestige.
3800

[somethingsup] 12/4/2022 08:38

Woops sent twice 😡

[somethingsup] 12/4/2022 08:30

Nothing since the Edison report on 8th Feb Re SOTP. This was an independent report from Edison. Let’s hope Carr’s agreed with it…! The only way to create value for shareholders is to split the 3 business’s up (Aim perhaps) or sell one (Engineering) and keep the other 2. Or (!) merge one or more business’s with larger company and receive shares in lieu. (Think we avoid CGT & Income tax with that which is an important factor otherwise we end up in the same position if income tax…sale at plus 40%; income tax at 38.5% - GREAT!
If no good news next week it will be concerning for the share price
Fingers crossed?

[somethingsup] 12/4/2022 08:20

Nothing since the Edison report on 8th Feb Re SOTP. This was an independent report from Edison. Let’s hope Carr’s agreed with it…! The only way to create value for shareholders is to split the 3 business’s up (Aim perhaps) or sell one (Engineering) and keep the other 2. Or (!) merge one or more business’s with larger company and receive shares in lieu. (Think we avoid CGT & Income tax with that which is an important factor otherwise we end up in the same position if income tax…sale at plus 40%; income tax at 38.5% - GREAT!
If no good news next week it will be concerning for the share price
Fingers crossed?

[3800] 12/4/2022 08:13

I was refering to the note in Feb Barenee. I cannot find any evidence that it was ever company policy.
3800

[bareknee] 11/4/2022 22:34

@3800

I havn't seen anything from Edison's on Carrs since February. Presumably I've missed something ?