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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Carr's Group Plc | LSE:CARR | London | Ordinary Share | GB00BRK01058 | ORD 2.5P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.50 | -0.34% | 144.50 | 115,677 | 15:44:18 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 143.00 | 144.50 | 146.50 | 140.00 | 145.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Animal Specialties, Nec | 148.02M | -1.33M | -0.0141 | -102.48 | 137.14M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:07 | UT | 2,010 | 144.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/6/2025 | 12:17 | ALNC |  IN BRIEF: Carr's Group gets full take-up of tender for 45% of shares |
| 20/6/2025 | 07:00 | UK RNS | Carr's Group PLC Results of Tender Offer |
| 18/6/2025 | 12:22 | UK RNS | Carr's Group PLC Results of General Meeting |
| 17/6/2025 | 10:08 | UK RNS | Carr's Group PLC Total Voting Rights |
| 30/5/2025 | 16:36 | UK RNS | Carr's Group PLC Total Voting Rights |
| 21/5/2025 | 20:18 | ALNC | TRADING UPDATES: STV sets out new targets; Carr's makes tender offer |
| 21/5/2025 | 07:00 | UK RNS | Carr's Group PLC Proposed Tender Offer |
| 19/5/2025 | 11:47 | UK RNS | Carr's Group PLC Total Voting Rights |
| 09/5/2025 | 15:36 | UK RNS | Carr's Group PLC Director/PDMR Shareholding |
| 07/5/2025 | 16:51 | ALNC | Carr's Group to change CEO amid agriculture shift as profit soars |
Carr's (CARR) Share Charts1 Year Carr's Chart |
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1 Month Carr's Chart |
Intraday Carr's Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/6/2025 | 10:57 | Carr(Formerly Carr's Milling) | 587 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
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Posted at 22/6/2025 09:20 by Carr's Daily Update Carr's Group Plc is listed in the Animal Specialties, Nec sector of the London Stock Exchange with ticker CARR. The last closing price for Carr's was 145p.Carr's currently has 94,581,523 shares in issue. The market capitalisation of Carr's is £136,670,301. Carr's has a price to earnings ratio (PE ratio) of -102.48. This morning CARR shares opened at 145p |
Posted at 20/6/2025 07:08 by jaf111 Surprised but very pleased by the low tender news….Could be a nice turn (close on 20p per share) making a purchase on opening to replace the tendered shares |
Posted at 21/5/2025 08:44 by value hound Not a bad guess Mr Fulham FC man - 45% to be tendered for and a 16% premium to yesterday's 140.5p closing price - but it looks like the rumours leaked out a couple of weeks ago to me, before which the price was 128p.Anyway - good news. |
Posted at 07/5/2025 21:21 by cravencottage So we find out next week about the Share tender...What's people's thoughts? How many of our shares will be tendered? They've told us 70Million will be returned so by my rough calcs it will be between 30-40% of your holding with a premium of 20-30%? The mind boggles but it's all food for thought. |
Posted at 23/4/2025 20:57 by quick thinker It’s a good update from ST. I bought into these following his bargain share write up earlier this year as the company seems significantly undervalued and there is a good margin of safety built into the share price following the disposal and tender offer to shareholders. Surprised at the slight pullback today after such a positive RNS yesterday. Hopefully the results will see the share price begin a positive trend as others see the long term value of the retained business. I just hope the results aren’t drowned out by noise from the US. |
Posted at 23/4/2025 15:20 by value hound Update from Simon Thompson FWIW....This agricultural stock offers tasty upside potential Shares are undervalued, rated on five times forecast operating profit to enterprise valuation • £75mn disposal completes • Chirton Engineering sale process progressing positively Carr’s Group (CARR:131p) has completed the £75mn disposal of its engineering division to Cadre Holdings (US:CDRE). It has transformed the agriculture group’s finances and paves the way for a £70mn tender offer, details of which will be announced shortly. The gain on disposal should boost Carr’s net asset value to slightly below its market capitalisation of £123mn. In addition, the separate sale process relating to Chirton Engineering, which forms a part of the wider engineering division but is not being sold to Cadre, remains ongoing and is progressing positively. The board will provide a further update at the time of the interim results on 7 May. Operating manufacturing sites across three different countries and selling into more than 20 countries under five market-leading brands, Carr’s agriculture division helps farmers to optimise forage and grass-based nutrition systems, and raise healthy animals in an efficient and responsible way. Under the leadership of chief executive David White, the board is implementing a new agriculture strategy to boost operating margins, deliver profitable growth and expand into new, extensive grazing-based growth regions. White notes that the group is “making significant progress and has confidence in delivering sustainable, profitable growth”. It’s not being priced into the current valuation given that analysts at Edison Investment Research believe the retained operations can boost their pre-tax profit contribution by two-thirds to £4.2mn in the 12 months to 31 August and deliver another step-change in pre-tax profit to £7.4mn in the new financial year. Post the tender offer, Carr’s will have a market capitalisation of £53mn, retain pro-forma net cash of more than £10mn and hold around £5mn of non-core assets for disposal. In other words, the retained operational businesses could be in the price for as little as five times group operating profit estimates of £7mn (post central overheads of £1mn) for the 2025-26 financial year. Carr’s future dividend policy targets an average dividend yield of 4 per cent, too. So, having included the shares around the current price in my 2025 Bargain Shares Portfolio, they remain a bargain buy. |
Posted at 12/3/2025 21:21 by quick thinker Indeed. And it continues to drop - though not as precipitously as some other high quality AIM and small stocks have in recent weeks. Carr announced half-year results on 12th April last year so will no doubt announce this year's update in the next month or so. Hopefully, this will provide news of the return of value to shareholders from the sale of the Engineering business, and an update on the ongoing sale of the Chirton engineering division and non-core properties, as well as progress on strengthening the balance sheet. Hopefully, we'll see this recent dip reversed and upward progress on the share price |
Posted at 04/3/2025 20:40 by clive7878 Price now dropped back to when the IC tipped CARR ?The IC not having too good a tipping rate, unless share price radically go up. |
Posted at 26/2/2025 13:36 by clive323232 I am surprised that after the write up in the IC that the share price has been flat since & has not been stronger, on view of the prospects going forward.There is however a lot to take in, in the article. |
Posted at 14/2/2025 11:51 by value hound Yes, it's a good write-up and very comprehensive. I only hold a few but may look to top up on apathy etc. I would guess today is not the day to buy.Here's the whole thing: A three-point plan should send these shares soaring Bargain Shares 2025: Disposals, a tender offer and growth have the potential to turn things around for investors Share price: 133p Bid-offer spread: 131-135p Market value: £126mn - Pro-forma net cash of £83.5mn (88p) - Tender offer to return £70mn - Valued on five times forecast operating profit to enterprise valuation for 2025-26 financial year - 4 per cent target dividend yield Carr’s Group (CARR) is unlocking material shareholder value through the recently announced £75mn disposal of its engineering division to Cadre Holdings (US:CDRE), a $1.5bn (£1.2bn) market capitalisation New York Stock Exchange listed group that specialises in the manufacturing and distribution of safety products. Investors have yet to fully factor in the significance of the disposal, nor for that matter how it has transformed the agriculture group’s finances, so offering the opportunity to exploit the information void in the market. Carr's is a leading maker and provider of value-added products and solutions, holding market-leading brands and robust market positions across the agriculture and engineering sectors, supplying customers around the world. The agriculture division makes and sells research-proven livestock supplements in block, bagged mineral and bolus formats. The engineering division manufactures vessels, precision components and remote handling systems, and provides specialist engineering services, for the nuclear, defence and oil and gas industries. Having sold its agricultural supplies division for £44.5mn in October 2022, Carr’s management has sought to create incremental shareholder value in both remaining divisions by capitalising on revenue growth opportunities, driving down costs and delivering efficiencies. However, it became clear attempting to drive performance across two divisions was an inefficient and generalist operating model, particularly due to the absence of synergistic benefits and the resulting central overhead costs. So, Carr’s has taken advantage of favourable market conditions to sell its engineering division for £75mn, representing a multiple of 10 times annual operating profit of £7.3mn and a near-50 per cent premium to the net assets held in the businesses on a debt-free, cash-free basis. The resulting £24mn gain boosts Carr’s pro-forma net asset value (NAV) to £119mn, in line with its current market capitalisation of £126mn. Cash windfalls transform Carr’s finances The effect on Carr’s financial position is material as it boosts the last-reported net cash of £4.5mn to £79.5mn, and that sum excludes £4mn of cash proceeds that Carr’s has banked from the disposal of non-core properties since 31 August 2024. In addition, the sale of three non-core properties worth around £3mn are progressing, as is the disposal of the North Tyneside-based Chirton engineering division, a specialist precision machining business that reported a small loss on revenue of £7mn in 2024. There should be the potential for Carr’s to release at least £5mn of net sales proceeds within the next six months, and possibly more. The board intends to return £70mn of the bumper cash pile to shareholders through a tender offer, the date of which has yet to be announced. It means that Carr’s will retain pro-forma net cash of around £12mn (after transaction costs), a sum that could rise to £17mn if the other disposals proceed as planned. Post the tender offer, Carr’s market capitalisation of £126mn will fall to £56mn, implying enterprise valuations of £44mn (adjusted for pro-forma net cash of £12mn) and £39mn (once the remaining non-core assets are sold). That’s an incredibly modest valuation for the retained agriculture businesses, which analysts at Edison Investment Research believe can boost their pre-tax profit contribution by two-thirds to £4.2mn in the 12 months to 31 August 2025 and deliver another step-change in profitability in the 2025-26 financial year, too. A pure-play agriculture business with strong prospects Operating manufacturing sites across three different countries, and selling into more than 20 countries under five market-leading brands, the agriculture division enables farmers to optimise forage and grass-based nutrition systems, and helps them raise healthy animals in an efficient, high-welfare environment and in a responsible way. The nutritional supplements not only provide animals with the appropriate quantities at the correct times, but deliver a return on investment to the farmer. So, to maximise growth potential as a pure-play agriculture business, the business has been reorganised into a single, global specialist operation with an integrated leadership team. Management’s strategic plan is designed to drive shareholder returns and growth by leveraging feed supplement expertise as a global specialist for extensive, grazing-based food systems. The new strategy has three elements: Improve operating margin across the global portfolio. Deliver profitable commercial growth in the core business. Expand into new, extensive, grazing-based growth geographies. Importantly, progress is being made across all three pillars, including: The introduction of cost improvement and efficiency programmes. Local personnel changes made at the US Oklahoma and UK Animax manufacturing sites. A new distribution model for the New Zealand market. The closure and sale of the assets of Afgritech, a US business engaged in the supply of commodity feeds to the dairy industry. Afgritech has been materially impacted by movements in the canola commodity market and reported an adjusted operating loss of £0.5mn in 2024. In terms of the trading outlook, the directors expect underlying market conditions in the UK to continue to improve in the near term, with US market contraction anticipated to end this year and rebuilding of cattle herds to commence thereafter. A step-change in profitability For the current financial year, analysts at Edison expect the group’s retained agriculture businesses to report revenue of £73.8mn and operating profit (pre-central overheads) of £6mn. Central costs are being right-sized through a £1mn cost-saving programme, so it’s reasonable to pencil in overheads of £2mn. Add in net interest income of £0.2mn and Edison arrives at an adjusted pre-tax profit forecast of £4.2mn, or two-thirds higher than profits in the 12 months to 31 August 2024. Moreover, assuming single-digit revenue growth in the 2025-26 financial year, and factoring in ongoing cost-efficiency programmes, Edison believes that the operating margin will improve by two percentage points to 10 per cent and boost operating profit (pre-central overheads) by a third to £8mn. At the same time, central overhead costs are predicted to halve to £1mn, and net interest income should double to £0.4mn, hence why Edison expects pre-tax profit to rise more than 75 per cent to £7.4mn, or three times the level of profit in the 2024 financial year. To recap, the retained operational businesses are effectively in the price for as little as £39mn, or five times group operating profit estimates of £7mn (post central overheads of £1mn) for the 2025-26 financial year. To put Carr’s low rating into perspective, the company's closest comparable is another company I am keen on, Anpario (ANP:430p), an independent manufacturer of natural sustainable feed additives for animal health, nutrition and biosecurity. Its shares are trading on 11.5 times current-year operating profit estimates to enterprise valuation, and are still attractively priced. For good measure, Carr’s future payout policy is targeting an average dividend yield of 4 per cent. As the penny drops, expect Carr’s shares to re-rate sharply to narrow the material ratings gap with peers. The astute investment team at small-cap fund manager Harwood Capital certainly see value in the shares, having raised their stake in Carr’s from 19.1 to 21.1 per cent in January. Buy. |
Posted at 12/12/2024 11:10 by martinmc123 3*Carr's Group plc, the Agriculture and Engineering Group, posted decent results for the year ended 31 August 2024 this morning and the share price is up over 3.5% on the news. Revenues were up just 2.7% to £148m, but adjusted PBT grew by a more impressive 13.7% to £8.5m. The business has seen a gradual recovery from economic and climatic factors evident in existing core markets though the year and this positive momentum has continued into FY25... ...from WealthOracle wealthoracle.co.uk/d |
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