Carrs Mill. Share Discussion Threads

[don carter] 03/8/2010 13:10

I'm liking this rise...Where are we heading? 610p at a pe of 10?

[don carter] 24/6/2010 09:59

onehand - I like SYR as a LTBH, although it is also quite tradeable. Am also very confident about CAR, which could explode in 2011, and HYC, which has rewarded patience well. That's enough excitement for now though, must lie down...

[honiton] 24/6/2010 06:54

doesn't apear to be.

i find that lonely shres do the best..although crm has been particularly dull in both respects...

[onehandeconomist] 23/6/2010 20:26

BKG may be but MKS???? At the very least, you'd have thought there was some overlap between MKS employees and ADVFN users. May be they train their staff to take no interest in the company?

[honiton] 23/6/2010 19:19

its a bit lonely.

also into BKG and MKS which are also lonely - don 't know why?

[onehandeconomist] 23/6/2010 11:32

Don - yeah, I struggle sometimes with value investing. You buy and then have to sit for years trying to manage the excitment. However, it's paid off enough times for me to bear with the boredom. Anything else on your long term list?

I bought BMS at the same time as CRM. Different sector, similar story.

Onehand

[don carter] 23/6/2010 10:54

Just taken the plunge here again for the first time for years. Thought I'd join the wild ferment and chaos on this board. Only a little punt but I fancy the food sector over the next few years, also GARP, also its English [I'm very contrarian], love Cumbria, also an MS due, and a good yield. It's good to change the portfolio round a bit every now and again...........

[onehandeconomist] 03/6/2010 13:19

Clearly Growth Company magazine doesn't have a huge following amongst ADVFN folks. The silence in here is like an Egyptian tomb in a slow a century...

[onehandeconomist] 26/5/2010 18:45

Good spot. Interesting that this has been picked up by "Growth". I bought it originally as an income stock. At best this might be GARP (growth at a reasonable price) which does have some fans but I suspect management's challenge now is whether they can take what is a diverse and solid base and drive it for real growth? This is a cultural question as much as anything else. Do the management know and understand how to drive real growth as opposed to maximising value - should they even try? I'd prefer they go GARP and keep an eye to the need to pay ongoing and improving dividends. The three way divi split suggests once again that they probably do think like this. I've been happy to back them for a while with my puny holidng and will continue to do so but ironically their success to date now means more questions will be asked of them. Hope they deliver...

[cwa1] 12/4/2010 08:29

Dipped a toe in this morning. Good luck to all.

Pretty decent set of results with a bit more optomistic directorspeak going forward:-



OUTLOOK



The Group has continued to progress despite the turbulent raw material markets which have affected the feed and fertiliser market, in particular, over the past two years. Group trading in March was good, particularly sales of fertiliser and feed blocks, and overall Agriculture continues to trade satisfactorily.



The Food Division is expected to continue to suffer from market turbulence in the face of over-capacity and from the impact of the uncertain economic climate on consumers of bread and biscuits in particular.



In Engineering, Bendalls has a stronger order book and the performance in the second half of the year will improve on the first half result. Wälischmiller won a significant contract to supply equipment to a toxic waste reprocessing plant in Germany and this, together with contracts to supply China and Japan with remote handling equipment, will maintain a high level of manufacturing activity.



Unlike last year, second half trading in the Agriculture Manufacturing segment will not be significantly affected by the sale of fertiliser inventories at below historic cost as a result of a sharp fall in fertiliser prices following a period of rapid increases in prices. The Board therefore expects second half Group pre-tax profit to be appreciably higher than last year's second half result.



Further out, there are opportunities to grow through new products and markets. In this context, we are encouraged by the early sales of our Crystalyx feed blocks to New Zealand and by the prospects for the Avail range of environmentally-friendly fertilisers.

[onehandeconomist] 01/4/2010 17:56

If it holds, yes. Some good things here - the chart was closing down into ever tighter ranges, so the break out is positive and supported by some reasonable buying since 15th. Some one has been buying 20k share £100k blocks since then. Of course, as a small cap all this stuff could get blown away with a duff trade or two but does look like some one has been sopping up some weak holders and run out of these today. Question is whether they still have the appetite to buy at these higher levels... Meantime, happy to hold.

[vulgaris] 01/4/2010 14:31

One year trading between £4.10 and £4.50, but broke out today, up to £4.80. Better to come??????????

[onehandeconomist] 17/1/2010 13:18

Sorry for the delay - had to focus on the day job. IMS seemed reassuringly dull to me. "Reassuringly" because it seems like what they said would happen in the previous statement has indeed happened. I prefer my management to be that dull! So it's still a long term hold but quite comfy for now. And more widely, I think the market will seek out yield this year and this one qualifies. I'd buy a few more on any reasonable weakness.

[2trying] 05/1/2010 21:38

And he is toast .

Any thoughts on today's news ?

John

[onehandeconomist] 24/11/2009 22:35

don't think so other than marginally unless someone knows better

[gorse] 23/11/2009 09:31

Will the Cumbria and SW Scotland floods affect this stock?

[onehandeconomist] 21/11/2009 17:17

Lovely and quiet in here isn't it? Nice little forgotten stock that not even the Telegraph's questor can ramp up. Well-covered divi fromm a mini-diversified co that centres on food related activities - so some good defensive qualities here in a wider market that may have run a bit ahead of itself. Worth having a few tucked awy here. Any thought on the management quality or am I just talking to myself?

[davebowler] 29/9/2009 15:49

Friday 18 September 2009


CARR'S MILLING INDUSTRIES PLC


Trading Update


Carr's (CRM.L), the fully-listed agriculture, food and engineering group,
announces a trading update following its year end of 29 August 2009.


Carr's remains on-track to achieve pre-tax profits in line with its expectations
for the 52 weeks ended 29 August 2009. These are of an appreciably lower figure
than last year's much improved result, as indicated in the Interim Management
Statement of 17 July 2009, but still of a significantly higher figure than the
result for the 52 weeks ended 1 September 2007.


Going forward, the Company expects that the substantial inventory losses
incurred in fertiliser activities in the 52 weeks ended 29 August 2009 will not
be repeated. However, challenging trading conditions in fertiliser, US
agriculture and UK engineering will impact on the level of profit growth. As a
result, the Company has revised downwards its expectations of future profits for
the 52 weeks ending 28 August 2010 and the 53 weeks ending 3 September 2011.


The Company expects to maintain its final dividend at the same level as last
year, 17.0p per share, at which level total dividends of 23.0p per share would
remain well-covered by earnings.

[linhur] 17/6/2009 00:04

10% drop today which is sharp even for Carrs with their spread.Is this anything to do with the collapse in the milk wholesaler closing the doors and 400 farmers unable to sell their milk elsewhere despite the large importation of milk ?

regards
Linhur

[2trying] 16/6/2009 23:10

no probs Dylan