Carrs Mill. Share Discussion Threads

[broadwood] 18/1/2013 16:23

Blimey, lets hope it can hold this level at the close.

[pabster] 18/1/2013 15:34

Yes, nice breakout

[broadwood] 18/1/2013 14:00

Steady climb.

[pabster] 17/1/2013 09:27

Positive update from ABF on their feeds business this morning

[citymohawk] 15/1/2013 11:13

Anyone who buys into companies like this are going to have other gems in their pockets too. Please come and share them on the VALU thread.

Thanks

[broadwood] 11/1/2013 13:08

Delayed reaction to good results.

[broadwood] 08/1/2013 07:19

First glance at the results looks pretty positive.

[mallorca 9] 27/12/2012 15:49

Hi City,

I've been in this for a while now, in my Trading account and my SIPP.
BB still nice and quiet.

Good luck.

[citymohawk] 21/12/2012 09:33

because its a fantastic company. I believe I have a £15+ target on these (need to go back to my notes). If you have any other goodens please post them on the VALU thread.

[beethoven3] 12/12/2012 11:46

interesting to understand why the shares have gone up

[broadwood] 23/11/2012 16:25

Some nice action today - will it hold?

[mallorca 9] 12/11/2012 13:59

Looks to be a good buy.
Added.

[broadwood] 12/11/2012 09:36

Investec Carr's Milling Industries PLC 12/11/12 08:51 Retains Buy Buy 0 970.00 1,000.00 909.00 30 2

[wjccghcc] 12/11/2012 08:23

10% ahead of expectations with good cashflow. 2013 growth likely to be a bit less due to consolidation of the engineering growth and the building of the new flour mill but agriculture seems to be growing strongly. PE of below 9 and 3% yield makes them a buy/strong hold IMHO. I added some last week.

[mallorca 9] 12/11/2012 07:35

Any comments on the results ?

[ganthorpe] 22/10/2012 08:24

To answer my own question - the website gives the final results date as 12 November , about a week later than last year. It's a gloomy day here so at least some light is shed , if only for me.
GAN

[ganthorpe] 25/9/2012 09:07

Can anyone shed any light on the final results announcement?
I can't wait till end November for illumination - last year was 17 October?
GAN - in the dark

[sammu] 24/9/2012 23:51

I'm glad the important things are getting sorted!?

[2trying] 15/9/2012 23:20

Christmas Lights WILL be switched on .

Friday 30th Novenber .

[2trying] 21/8/2012 20:17

An email exchange .
Obviously I have xxxx 'd me !
I know Silloth very well .

---------------------


Sent: Monday, August 20, 2012 9:33 PM
Subject: Re: Hi !


Hi Sue - thank you for your reply .

May I respectfully suggest the following?
If you can't get volunteers - pay 'em !!

1 - The "penny on a pint" syndrome .
This is very easy , all local pubs , with mention in local newspaper of course charge an extra penny a pint , to pay for the lights to be put up . This naturally is run in conjuction with a "charity-type-box" on the respective bars .
2 - When we were there last year , all the pubs and take aways were doing a roaring trade - ask each takeaway for a contribution . £50 would be buttons compared with their increased takings .
3 - Contact your local Job Centre - bit of supervised work experience available . Hmmm...interesting - have a chat with Carrs .
4 - Have a special "Market day" - and a "Car Boot" both the day of the switch on and the next day . Make it a two day event .

------------------------

Now , here I have to be very careful .

I do in fact own shares in CRM ( that's Carrs as I sure you know ) - accordingly I cannot be seen to be involved in any way shape or form whatsoever in case I am accused of trying to increase their share value .

I also have a very senior contact in Chevrolet .
What if , and obviously I do not have her permission as yet , a couple of Chevys or Vauxhalls were to be on display ? With salesmen of course . Hmmm...again.... do I hear a classic american car run ?

--------------------------

I love Silloth - the possibilities are endless .
Don't let it die !!!!!!!

John .

----- Original Message -----
From: Silloth Tourist Information
To: xxxxxxxxxxxxxxxx
Sent: Monday, August 20, 2012 10:18 AM
Subject: RE: Hi !


Hello John
Thank you for contacting Silloth Information Centre. I am sorry to say that this year there will be no Christmas Light switch on, unless there are volunteers to put the lights up. At the moment they are looking for volunteers.You could contact us again nearer the time to see if anything is happening.
Regards
Susan Denard
Information Assistant



--------------------------------------------------------------------------------
From: xxxxxxxxxxxxxxxxxxxx
Sent: 18 August 2012 22:58
To: Silloth Tourist Information
Subject: Hi !


Sorry to bother you again - we stayed at xxxxxxx, the self contained flat next door - last year - and the Christmas Lights were lit while we were there .

As we would like to repeat the experience - when will they be switched on this year ? We will be booking the xxxxxxx again !!!

Cheers .

John .

[citymohawk] 12/7/2012 14:35

nice to see posters here: my take, very briefly


Why I like this company: Carrs Milling have a very tidy website and a very tidy business model. They are made of three industries: Food, Engineering and Agirculture. The food business focusses on Flour/Weat generation and I expect acquisitive growth in this area. The engineering business are made of four companies split across accident repairs, metal fabrication and machinary. Finally the Agriculture business is made of 5 different companies split across farming supplies & machinery, animal feeds and agricultural fuel. The board are relatively young and dynamic.

Share Price: The share price seems low on an earnings multiple which seems to be due to its acquisitive nature. The price has been growing since Jan 2010. This is therefore a growth share candidate on the provision that all business are built accordingly. It is trading at half the industry PER and 1/3rd its sector PER!

Fundamentals: The business is currently trading at only 3.18x its earnings and 7.48x its pre tax profits. It's profits have grown 11.59% on last year and interim reports suggest this trend is going to continue. Dividends have grown at 8.33% which is modest compared to its year on year growth since 1998. I am not entirely happy with the debt @ 60% and I would consider selling out of any holding if this debt was to increase.


Put this against industry multiples and you have a share price of £16 a share. Very nice buy.

[broadwood] 12/7/2012 08:54

Nothing to stop this continuing to head North.

CARR'S MILLING INDUSTRIES PLC
CONTINUING STRONG PERFORMANCE
Carr's (CRM.L), the agriculture, food and engineering group, announces its second Interim Management Statement for the 52 weeks to 1 September 2012, as required by the UK Listing Authority's Disclosure and Transparency Rules.
The statement relates to the 18 week period ended 7 July 2012.
The financial performance for the period was ahead of last year, with results for the year to date also being ahead of budget. Taking into account the normally lower seasonal trading level for the final quarter, the Board is confident that strong earnings growth will be achieved for the full year.
Agriculture
In the UK, sales and margin growth in retail and machinery reflects the gains from the increased range of products. The unusually colder weather during April and May also had a beneficial impact on demand for feeds and fuel.
The feed block business continues to perform as expected. Strong growth in sales of low moisture products was achieved in the USA, particularly in the northern states due to the recovery in herd numbers. In the southern states, where the continuing drought caused a reduction in herd numbers, performance benefited from supply agreements with our joint venture partner in Shelbyville, Tennessee. The performance in both the UK and Europe of Crystalyx, low-moisture feed blocks, continued as expected. A positive contribution was also made by Scotmin Nutrition following the re-launch of high moisture products Megalix and the new brand Megastart.
Full production at Watertown, New York State, of AminoMax, the patented rumen bypass protein, is now underway with early engineering issues resolved. The high quality of the product has been well received by US dairy farmers and the plant is on track to achieving profitable sales next year.
Food
The performance of our flour milling business has continued to be depressed by the long-term capacity issues experienced by the industry. In addition, the wheat price has remained highly volatile with dry weather in the USA and sub-optimal conditions in Eastern Europe and the former Soviet Union resulting in a 15 per cent increase in wheat costs since March.
The utilisation of the wheat handling facility at the Port of Kirkcaldy, adjacent to our mill, has far exceeded our expectations and, in addition to giving significant flexibility, has enabled Carr's to secure supplies of high quality wheat at competitive prices in the challenging grain market.
The Board has reviewed a range of options for improving the financial performance of the flour milling business, taking into account the needs of today's bakers and food manufacturers. As a result, the Board has approved the construction of a state-of-the art flour mill adjacent to the Port of Kirkcaldy for a total investment of GBP17 million. The new flour mill will be at the forefront of mill design, Innovation and technology, with commissioning expected in September 2013.
Engineering
Engineering has delivered a very strong financial performance as a result of the completion of a number of projects during the period and the order book reflects increasing demand across all activities.
Walischmiller, the remote handling technology and robotics business, completed major contracts in Russia, France and China during the period. Outside the nuclear market the rigorous testing of a robotic system, Telbot, for cleaning tanks for Shell in Norway has been successful.
Specialist fabricators, Bendalls, is on track to complete a major vessel for the Evaporator D project at Sellafield by early September, despite late design changes, with revenue substantially being recognised in the current year. Work has also commenced on the multi-million pound contract to supply pressure vessels for a floating production storage and offloading platform, being manufactured by Hyundai in South Korea for BP with delivery early 2013.
Carrs MSM, based in Swindon, benefited from increased demand largely from Sellafield where it signed a "life of plant" contract, through to 2020, for the supply of critical parts.
Acquisitions
On 25 May 2012 the Group completed the acquisition of Clive Walton Engineering Limited, based near Carlisle, for a total consideration of GBP800,000 payable in cash out of the Company's existing bank facilities. The business is expected to be earnings enhancing in year one and is engaged in machinery parts for various industrial sectors and complements Bendalls Engineering.
Indebtedness
At 2 June, net debt was GBP9.0 million, up GBP13.6 million on net cash of GBP4.6 million at 3 September 2011.
This cash outflow arises from two main sources, higher working capital and fixed asset additions. Increases in inventory relate to agricultural machinery and retail products, both of which have generated significantly greater sales, and higher work in progress across the engineering businesses. Fixed asset additions include the spend on Phase 1 of the new factory for Walischmiller Engineering in Markdorf, Germany.
Dividend
A second interim dividend of 7.25 pence per share (2011: 6.5 pence per share) will be paid on 5 October 2012 to shareholders on the register on 14 September 2012. The ex-dividend date will be 12 September 2012.
END

[honiton] 03/6/2012 06:46

Quite. Its off the radar of almost everyone (too small for instituions or analysts to follow) and only pops up at results time.

[broadwood] 30/5/2012 07:28

This has behaved very positively during the shake down.

Not affected by the usual market worries - and a strong statement back in April.