Carrs Mill. Share Discussion Threads

[broadwood] 31/3/2014 12:08

I thought poor harvests were good for Carrs?

[9degrees] 31/3/2014 12:03

This was from Wynstay (WYN)on 18 March pre AGM statement.
"As previously reported, results for the year to 31 October 2013 set new records, with good contributions from all areas of activity. The performance was aided by exceptionally strong demand for feed, raw materials and spring cereals which reflected the adverse weather conditions in 2012/13.

Trading in the first half of the new financial year to date has also been influenced by the weather. Two successive poor harvests have reduced the grain crop and the exceptionally mild winter has shortened the housing period for livestock, reducing feed demand. While the remainder of March and April, both key agricultural months, are still to come, the first half results are currently expected to be behind the record level of the prior year. However current market conditions are encouraging for the second half of the year. Demand for spring fertiliser has increased and is likely to remain strong, partly as a result of the large acreage of winter cereals, which should also result in a good grain harvest this autumn. Wynnstay is also well-placed in the cereal and herbage seed sector and expects a more normalised demand for cereal seed, with strongest sales in the autumn period, in contrast to the last financial year.

Wynnstay's specialist retailing division continues to make progress with an increase in the number of Country Stores albeit the mild winter has affected the mix of sales. The initial integration of the seven new outlets in South West Wales is proceeding to plan and the focus will move to upgrading and enhancing the product offering. Just for Pets, the Group's pet products chain, experienced an encouraging start to the year and we anticipate opening new retail sites during 2014.

While the current financial year has experienced a more challenging start, the Group remains well positioned to pursue its growth plans."

Maybe similar story but ongoing positive ...???
Or have they had a mouse infestation in the grain store ??!!

[9degrees] 31/3/2014 11:58

Interims due 14th april

[pyemckay] 31/3/2014 11:27

Yes, this is looking very smelly now. I sold out on friday at a small loss. The market is really speaking on this one so I await news with interest.

[mallorca 9] 31/3/2014 11:27

The net debt is also a concern.

[mallorca 9] 31/3/2014 11:27

From last interim management statement :

Tim Davies, Chief Executive, commented:

"We are pleased with the start we have made to the financial year. Against a challenging backdrop of a mild start to the winter in the UK, a vastly improved wheat harvest, and the continuing delays in the procurement of orders from the UK nuclear industry, trading remains in line with the Board's expectations.

[sheyac] 31/3/2014 10:58

Seriously what is going on? Does someone know something not in the public domain?

[darlocst] 27/3/2014 08:56

I'd say its down to these factors:

Very mild winter in UK will be a drag on H1
WYN warning last week due to weather
Little earnings growth forecast this year
Tax year end selling

As a long term holder I see the current share price level & further weakness as a selective buying opportunity.

[hedley03] 26/3/2014 20:09

A similar drop happened this time last year down to the 200dma on the one year chart. If support is not found here i will sell, although i suspect this will be the bottom. They did say uk sales of feed blocks will be down due to good weather but US sales up due to bad weather. The fundamentals are still there.

[sheyac] 26/3/2014 18:19

The question is whether to top up uaing the low price as an opportunity or hold fire and wait for the results?

[shauney2] 26/3/2014 16:54

Dreyfuss are just commodity traders.
The only grains they touch are for breakfast.

Maybe holders locking in profits before the year end.

The cold weather in the US would have been good and the mild winter here not so good for the agriculture division.They should benefit from the new mill in the food division.
The engineering part is an added safety net for any fall in income.Results in a couple of weeks should tell us either way.

[mctmct] 26/3/2014 16:10

... or maybe this is the reason for the falls ..

Dreyfus profit drops after grain surplus

Louis Dreyfus Commodities reports sharp drop in annual profits as it grapples with bumper crops for most of its agricultural products

From the FT

[sheyac] 26/3/2014 15:31

I thought the telltale was 6 weeks before?

[mctmct] 26/3/2014 15:17

I'm out. This looks like insider trading.

[pyemckay] 26/3/2014 14:55

not sure, lets await results

[sheyac] 26/3/2014 14:51

What is happening? Voljumes high and the price is sinking with no news. This hit 1900s very recently, am I missing something?

[broadwood] 25/3/2014 10:29

Results 14 April.

[hedley03] 21/3/2014 17:45

Big drop today on little volume. Hopefully 200dma will support at £16.
Tempted to top up on monday.

[sheyac] 03/3/2014 21:32

Mention today as a potential performer against thr ukraine crisis background.

[broadwood] 25/2/2014 16:38

Just look at that two year chart. Superb. On rocket fuel.

[mctmct] 14/2/2014 09:48

Will the flooding create greater demand for feedstuffs?

[broadwood] 28/1/2014 15:27

All time highs.

[9degrees] 28/1/2014 08:57

record results from Wynnstay(WYN) today - same sector