Carr's Share Discussion Threads

[beethoven3] 30/3/2017 16:55

Engineering is a cyclical business and Carr's have been riding a nuclear wave. The background of the CEO and the culture of the group is dominated by agriculture. The board should focus on activities they understand and sell those it does not.

[dozey3] 30/3/2017 16:00

Didn't think things were this bad. Needs splitting into two divisions each with management that know what they are doing. Bargepole to new investors at the moment.

[pugugly] 30/3/2017 13:53

Trading update not good. Now at 3 year low and looks like no chart support. How far can they fall ?

[thevaluehunter] 09/1/2017 15:55

Lots of non-sterling earnings here!

[dozey3] 15/11/2016 15:44

Alfred, you may be right. On the other hand the recent little acquisition in Germany and contract at Sellafield (hope I got that right) suggests management are beginning to get this moving. Remember also that a small outfit with good ip can increase ten times far more easily than the lumbering engineering elephants.

[alfred] 15/11/2016 08:00

The engineering side is too small to effectively compete. May have some modest short term success but not one for the long term.

[dozey3] 14/11/2016 21:47

Result out today at

Look interesting, and the sale of the food side does seem to have been a good move. I've always been interested in the robotics engineering side, and think that nuclear decommissioning will become a growth industry in the near future.

[9degrees] 13/10/2016 11:44

got it - it takes over 8 days from Barclays stockbrokers !

[9degrees] 10/10/2016 14:01

thanks guys

[linhur] 10/10/2016 12:51

I've got mine as well (Selftrade) credited on 7 Oct

[boystown] 10/10/2016 12:47

I've got mine (Selftrade).

[9degrees] 10/10/2016 12:17

has the special dividend been paid yet ? can't see it on my bank statement ?

[9degrees] 15/9/2016 11:34

Record day for ex div tomorrow for the 17p special dividend

[9degrees] 05/9/2016 12:49

vulgaris Yes agree - I reckon they are now more like Wynnstay (WYN) who have lots of country stores and animal feeds supplies and have a market value of £102k which will be about the same as Carr after the sale ? they on P/E of 15+ also . All good for the sector profile !

[vulgaris] 05/9/2016 12:16

Even with today's rally they're on a multiple of 11.6 vs 15.5 for NWF, to which they're surely now more similar.

[9degrees] 05/9/2016 10:47

Would rather they keep the proceeds to invest in the business. We will get .005 % interest on our money if saved outside the stock market which in turn is temporarily high due to low interest rates and low pound .
A good strategy though as flour milling is overcapacity , subject to strong health and safety requirements and investment and very competitive .
well done Carr - this is presumably one reason why they changed the co name last year in anticipation of this event

[broadwood] 05/9/2016 10:38

Agriculture, food and engineering firm Carr's Group has sold its food division, Carr's Flour Mills, to flour milling business Whitworths for £36m.
Net proceeds will amount to £24.9m and the company said it will return £16m to shareholders in the form of a special dividend of 17.54p per share.

The remaining £8.9m will provide balance sheet strength and the opportunity to expand the group's continuing businesses by acquisition and organic growth.

Chief executive Tim Davies said: "The sale of Carr's Flour Mills Ltd represents an exciting stage in Carr's strategic development. At a time of increasing competition and volatility in the flour market, consolidation is essential and inevitable.

"We will continue to focus on our strategy of delivering growth in our UK agriculture business, the development of our international feed supplement businesses and building our specialist engineering division in niche markets across the globe

[broadwood] 05/9/2016 08:43

Sensible strategy to dispose of a low margin business.

And the special dividend is welcome.

[vulgaris] 23/8/2016 09:31

Been bumping along in the 140s then, in 2 days, spikes to 155 and falls back to 145, based on no news that I can see.

Does anyone have insight?

[linhur] 23/4/2016 14:14

Still a long way to on farming. No green shoots yet. Diversification keeps Carrs, Wynnstay and NWF going whilst we wait for better times. Brexit will be over after 23 June.

regards
Linhur

[redartbmud] 13/4/2016 08:33

bw

I am in for the long haul, and the same applies to Wynnstay.

red