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
  2.00 1.98% 103.00 11,891 11:00:59
Bid Price Offer Price High Price Low Price Open Price
102.00 108.50 104.00 103.00 103.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 403.90 16.31 13.10 7.9 95
Last Trade Time Trade Type Trade Size Trade Price Currency
10:39:56 AT 1,233 103.00 GBX

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Date Time Title Posts
16/9/202007:17Carr(Formerly Carr's Milling)170

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Carr's Daily Update: Carr's Group Plc is listed in the Food Producers sector of the London Stock Exchange with ticker CARR. The last closing price for Carr's was 101p.
Carr's Group Plc has a 4 week average price of 98.80p and a 12 week average price of 98.80p.
The 1 year high share price is 165p while the 1 year low share price is currently 86p.
There are currently 92,407,972 shares in issue and the average daily traded volume is 111,021 shares. The market capitalisation of Carr's Group Plc is £95,180,211.16.
kinwah: I thought the Forfarmers strategy statement was quite downbeat for the animal feeds sector talking about very limited growth expectations in Northern Europe. Nevertheless the fall in Carr's looks overdone. It is very illiquid and it doesn't take much to move the share price.
dozey3: Useful summary Kinwah, must be good news if the new-broom has shareholders interests uppermost which does not seem to have been the case up to now. Split into two companies - engineering and agricultural, both quoted on AIM. Shareholders to be allotted one of each for every CARR share held. Both new companies would immediately be ‘in play’ and a large percentage increase in aggregate price. No brainer I think it’s called. Management of each could concentrate on their own patch without distraction from the other.
cwa1: Edison research on today's results hTTps:// Valuation: Indicative valuation of 190p/share Our DCF analysis gives an indicative value of 190p/share (previously 184p). At the current share price, Carr’s is trading below its peers with regards to the mean EV/EBITDA multiple (6.9x vs 8.2x) and P/E multiple (8.9 vs 12.6x) for FY20e. Confirmation that Carr’s diversified business model can continue to address issues caused by Brexit uncertainty plus news of further Engineering orders should, in our view, help close the valuation gap compared with the mean.
cwa1: Trading Statement:- Tim Davies, Chief Executive, commented: "The new financial year has started well with trading in line with the Board's overall expectations. We remain confident that the investments made in acquisitions, research and product innovation leave the Group well positioned for future growth. Whilst some clarity has been provided over the government's future policy on farming support, Brexit uncertainty remains for our customers and certain supply chains within which we operate. Further clarity over the UK's future trading relationship with the EU would bring greater confidence and stability back to our customers and marketplace although the Group remains confident that it is well placed in the medium term." The Company expects to issue its interim results for the 26-week period ending 2 March 2019 on 15 April 2019.
cwa1: A very brief update from Edison concludes thusly:- Valuation: Trading at a discount to peers Following the estimates upgrade, our updated DCF analysis gives an indicative value of 178p/share (previously 169p). At the current share price, Carr’s is trading below its peers with regards to mean P/E (12.6x vs. 14.5x) for the year ending August 2018. Continued recovery in the US feed block market and further confirmation of the Engineering upturn should help close the valuation gap.
cwa1: im Davies, Chief Executive Officer, commented: "We are very pleased with the performance of the Group during the first half of the year, which slightly exceeded the Board's expectations for the period. This strong performance demonstrates the excellent recovery made in our Engineering division and builds upon the strategic progress made during the last year. In UK Agriculture, we now have greater visibility on the impact Brexit may have in relation to direct payments to farmers in the near term, although uncertainty remains on the issue of trade agreements both within the EU and the rest of the world. The clarity relating to direct support, together with improving farm incomes, means we are starting to see renewed confidence in the outlook for the industry. Our Engineering business is recovering well and we have strengthened management to drive further growth. Trading in the second half has started well and the Board now anticipates that trading for the full year will be slightly ahead of its previous expectations. We are confident that our breadth of product offering, investments in acquisitions and research, and our international footprint leaves us well positioned for further growth across both our divisions in the medium term."
xtrmntr: Any ideas why the share price has jumped at the end of trading the last few days?
cwa1: Edison have a note out. Conclusion:- Valuation: Potential for share price appreciation Our sum-of-the-parts analysis gives fair value at 203p/share (previously 205.5p). Triggers for share price appreciation to close the valuation gap include an improvement in farmgate milk prices (even though Carr’s is less affected by this than its peers) and additional engineering contracts, especially those relating to higher-margin work for the nuclear sector and further acquisitions. MAY require registration.
Carr's share price data is direct from the London Stock Exchange
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