Carr's Share Discussion Threads

[kinwah] 12/9/2022 13:51

Some of the businesses being sold to Billington would normally be very low earnings multiple e.g. tractors and machinery which make up a significant part of the retail turnover. These businesses are also very hard to grow unless you can squeeze a deal past the Competition and Markets Authority. At least with animal nutrition the market is still fragmented making it much easier to find possible acquisitions.

[p1nkfish] 12/9/2022 11:23

Just streamlining/focusing will help along with reducing the lower margin business %.

[somethingsup] 12/9/2022 10:25

As soon as we see an Agricultural Specialty purchase which I believe will be shortly after the shareholders agreement then the share price will gain momentum. The Strategic Review must include a purchase that immediately improves EPS, the main reason why I think the shares have taken a down turn. (EPS currently lower than pre sale)
The BOD seem very keen for us to sign so cash is confirmed and they can get on with next announcement.
Here’s hoping!

[1tx] 09/9/2022 10:58

So many years ago Carr's Biscuits was sold off,more recently Carr's Flour (aka Carr's Milling) now Carr's Agriculture sold.Do Carr's Engineering & Carr's Speciality Agriculture have some miracle synergy?Not in the least surprised by market reaction.Management trying to grow the business by getting smaller......

[sammu] 07/9/2022 17:35

Severely punished seems correct. No payout that maybe some had hoped for.

[somethingsup] 02/9/2022 19:56

Well that was exciting! Very disappointing reaction from market particularly today on buoyant market. I guess they will have to prove themselves. They remain with 40% of T/O and 60% of profits so it looks interesting but any downward profit forecasts will be severely punished, I feel? Was hoping for significant price increase but we got the opposite.

[1tx] 31/8/2022 12:21

At least for me I will have less money invested in Animal Feed as I am also a shareholder in NWF & Wynnstay!!

[p1nkfish] 31/8/2022 11:48

Margin of group will instantly improve & no debt. Changes complexion.

Much down today so not a good day to judge but at least up on CARR

TBD yes.

[1tx] 31/8/2022 11:36

I suppose the question is how soon will the income we have had from Carrs Billington will be replaced by increased income from the other divisions that has come directly from the investment of the additional capital,and obviously in the longer term be larger.The fairly neutral reaction from the market suggests this is for the present an unknown unknown.

[kinwah] 31/8/2022 07:59

Looks a good move. Carrs Billington had gone ex-growth with the joint ownership arrangement. Much better for it to have a single owner with clear strategic vision. Probably the fuel business will be sold off by Billingtons and maybe the machinery dealerships. It should create some opportunities for Wynnstay and NWF, and generally be good for the sector. The animal feed block and supplements industry is quite fragmented so there should be some useful acquisition opportunities. Bendalls must be seeing a sizeable pickup in enquiries given the current demand for oil and gas. I think this sale could unleash a new period of growth for Carr's.

[p1nkfish] 31/8/2022 07:42

Debt free, focused. Time to move on.

[cwa1] 31/8/2022 07:20

Disposal of agricultre supplies interests:-



In line with the strategic review announced on 18 January 2022 to grow shareholder value, Carr's (CARR.L), the Agriculture and Engineering Group, is pleased to announce that it has entered into a conditional agreement to dispose of its interests in the Carr's Billington Agriculture business (the "Agricultural Supplies Division") to Edward Billington and Son Limited (the "Purchaser") for an aggregate consideration of up to £44.5 million (the "Disposal").



The Disposal will enable the Group to focus on its Speciality Agriculture and Engineering Divisions, both of which provide a greater opportunity for growth and historically have achieved higher profit margins.

[somethingsup] 29/8/2022 11:19

Any bets on hearing anything this week. Financial year end is Wednesday?

[somethingsup] 18/8/2022 10:36

Yes saw that and NWF chairman stepping down. Bits being sold to both??

[sammu] 18/8/2022 09:11

WYN just raised £10.5m including for "future potential acquisitions by the Company, which may include those that the Company is currently actively pursuing as well as others that are identified in its acquisition pipeline." ...

[tole] 16/8/2022 20:41

https://masterinvestor.co.uk/equities/small-cap-catch-up-featuring-rps-code-carr-and-others/

[p1nkfish] 16/8/2022 14:10

Thank you, makes sense.

[somethingsup] 16/8/2022 13:47

I was told on good authority that the long awaited review would be announced before the end of the Carrs financial year; 31st August 2022. That’s fairly soon!?
New Non Execs start 1st Sept 2002 so ‘fairly shortly’ means this week or next? 🥴

[p1nkfish] 16/8/2022 09:29

Review was announced in January, Aug 5th statement below.
Shortly can't be another 7 months so could we take it as 1-2 months?

"That review is nearing completion and the Board expects to make a separate announcement shortly."

[andydaf] 12/8/2022 16:26

Makes you wonder if its a bit leaky in cumbria.GLA

[cwa1] 12/8/2022 15:59

Perky today

[km18] 12/8/2022 12:34

Carr’s Group issued a trading update last week. The Group's overall trading performance is in line with the Board's expectations for the full financial year. In Speciality Agriculture, whilst raw material costs continued to rise significantly, sales margins were notably improved in all markets as price rises have been passed onto customers. UK Agricultural Supplies traded well during the period, with continued high activity levels in retail and machinery and with the market absorbing the impact of cost inflation in fuels and feeds. Engineering continued to benefit from high levels of work supported by a strong order book. Financial performance however remained below management expectations due in part to supply chain delays for some components of orders for robotics. A second interim dividend of 1.175 pence per share will be paid on 30 September 2022. Valuation is relatively attractive, the balance sheet is solid, dividend yield over 4%. But growth is unexciting and the share price is still in a 12-month correction for now. CARR is a share to monitor for now....

...from WealthOracle

[somethingsup] 10/8/2022 19:43

Agri Non Execs starting!

[somethingsup] 10/8/2022 19:14

Plus 2 non Agri focussed execs starting 1st Sept must imply they keeping part of the business.

[somethingsup] 10/8/2022 19:01

BTW this site is much more polite than LSE🐊🦩;🦨