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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cranswick Plc | CWK | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 70.00 | 1.66% | 4,290.00 | 16:35:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 4,135.00 | 4,135.00 | 4,300.00 | 4,290.00 | 4,220.00 |
| Industry Sector |
|---|
| FOOD PRODUCERS |
| Top Posts |
|---|
Posted at 04/12/2019 09:09 by philanderer CranswickNo disrespect intended, but Cranswick shouldn’t be doing as well as it is. This FTSE 250 company is after all a specialist in producing pork and poultry in a world where people are eating less meat and vegetarian and vegan are no longer fad words, no? Well, not quite. Cranswick was founded in 1975 when a group of 23 farmers in East Riding, Yorkshire, came together to produce pig feed under the name Cranswick Mill. The company specialises in producing premium-end pork, bacon, gammon and chicken and sells its meats to all of the main supermarkets with the exception of Waitrose, which has its own, single supplier. A quarter of Cranswick’s pork and all of its chicken is produced on its own farms and, while it mainly serves the UK market, it exports about 9 per cent of its produce. In an illustration of the strength of its trading, the group is investing £75 million in a new poultry processing factory in Eye, Suffolk. And why the success? In part it’s because, while our dietary habits are changing, meat trends are nuanced. Cranswick’s predominantly white meats are healthier, cheaper and more resilient than others. According to figures from Kantar Worldpanel, sales of chicken and pig meats rose in the year to early October, while the red meats of beef and lamb declined. At the same time, Cranswick is more than just pork and chicken: it has a continental arm that produces delicatessen-style products including olives, cured meats and charcuterie and earlier this year it spent up to £50.5 million buying Katsouris Brothers, a London-based firm that supplies pasta, nuts, oils and dressings under the Cypressa brand. Less fortunately, there is also African swine flu, the outbreak of which has decimated swathes of Asia’s pig population and is expected to boost Cranswick’s exports for years. The shares, up 8p, or 0.3 per cent, to £30.98, have performed creditably well, in part driven by higher prices in China. Trading at 22 times Liberum’s forecast earnings for a dividend yield of just over 1.8 per cent, they look well valued for now, but may be worth revisiting when the factory investment has worked its way through. ADVICE Avoid WHY Fairly valued for a business investing heavily as diets change |
Posted at 04/6/2018 17:26 by mayzerg hxxps://helpingtheli |
Posted at 02/1/2016 14:47 by tongosti Rising share price has the last word. Look what happened to top cigarette producers over the last 15 years? They rewarded their investors in spades. No one can predict the future so we are only left with trusting the prevailing trend. GLA |
Posted at 12/6/2015 10:03 by hannahh If you would like to see Mark Bottomley, Finance Director, present on behalf of Cranswick, with the opportunity to ask him questions please follow the link below. The forum will be held on Wednesday 24 June from 5pm and registration is free.Also presenting are OptiBiotix Health and Staffline. Thanks, The Equity Development Team |
Posted at 19/6/2013 22:57 by paulypilot Hi,There is an opportunity to meet the management of this company next week, as they are appearing at Equity Development's latest "Investor Forum". Date: 26 June 2013 Location: Fasken Martineau, 17 Hanover Square, London. W1S 1HU. Time: 5pm for a 5:30pm start. There are 3 companies, each doing a 30 min presentation: PureCircle (PURE), Vislink (VLK), Cranswick (CWK). Drinks & canapes afterwards are provided. It's a good venue, very central, and they are interesting events, good for meeting companies & chatting to other investors afterwards. I'll be attending, so hope to see some of you there. To register for the event, follow this link: Cheers, Paul. |
Posted at 22/11/2011 16:32 by philanderer Newspaper / mag tips since results......Cranswick 695½p Questor share tip: Cranswick's margins should improve By Garry White7:00AM GMT 20 Nov 2011 Sausage-maker Cranswick posted a better-than-expected set of interim numbers last week, and said it had a "degree of cautious optimism" for the full year. Questor says BUY article: Investors Chronicle 14 November 2011 Rising input costs put a dent in first-half profits at Cranswick , although that didn't come as a surprise after July's profit warning. The main problem was soaring pig prices in the first quarter, which rose around 15 per cent year-on-year, and which Cranswick couldn't recover quickly enough. Encouragingly, though, sales volumes climbed steadily throughout the half, up 3 per cent in the first three months and 7 per cent in the second, with strong UK demand bolstered by fast growing exports of ribs to the US and 'fifth' quarter meat - heads, trotters and other offal products - to the Far East, at much higher prices than those that could have been achieved at home. Margins have also begun to improve in recent months, as a result of a pull-back in pig meat prices and price increases which were pushed through in August. Management believes that investment in its factories leaves it well positioned for what it expects to be "the group's busiest ever festive season", as households look to pork as a cheap alternative to more expensive proteins such as beef and lamb. Broker Investec Securities expects underlying full-year pre-tax profit of £41.6m and EPS of 64.8p (2011: £46.8m/71.7p). IC VIEW: Cranswick is back on track and its strong balance sheet leaves it well positioned to take advantage of opportunities at home and overseas. So, trading on 11 times expected earnings, the shares are good value. |
Posted at 25/7/2011 12:24 by thatch3 I see the Investors Chronicle has just rated CWK very highly |
Posted at 15/7/2010 12:16 by m.t.glass Cranswick brings home the baconDaily Mail 14 July 2010, 9:48am Cheaper pork prices have helped sausage maker Cranswick report a first-quarter rise in sales. In the first three months revenues rose 19% on the same period last year to £198m, partly driven by its new Norfolk plant. Chief executive Martin Davey said: 'A prime pork chop is much cheaper than an equivalent cut of beef or lamb. 'We have also seen pig prices fall from record highs a year ago.' Net debt at the UK's largest pork supplier was £54m, down £10m on a year ago. Shares closed up 11p at 871p ==================== The Telegraph: Cranswick sales rise as health-conscious Britons pick pork over beef Cranswick, the pork, bacon and sausage group, which supplies food for celebrity chef Jamie Oliver's branded range, said it had made a strong start to the year with first-quarter sales rising by 19pc. By Jamie Dunkley, City Reporter Published: 5:39PM BST 13 Jul 2010 The company said total sales in the three months ending June 30 hit £198m - excluding revenue from its former pet business, which was sold last year. In a short trading update, Cranswick added that its net debt now stood at £54m £10m lower than the same period last year. While there was a reduction in sales of continental products, there were substantial gains in fresh pork, bacon and sandwiches and continued growth in cooked meats and sausages," the company said. "There were further modest increases in pig prices during the period, albeit they remain below the peak of last summer. The impact was absorbed through increased volumes and continued operating efficiencies. The board is confident in the continued successful long term development of the business." Cranswick has benefited as Britons become more health conscious by eating less red meat and more pork and chicken. The company is also continuing to upgrade its operations and has invested in new abattoirs and it is expanding its sausage and bacon capacity. It will supply all the meat and pasta for Oliver's range of fresh pork joints, pork steaks, marinated ribs, bacon, Italian charcuterie and fresh pasta dishes. There is also a children's sausage range. Cranswick shares rose 11 to 871p. ==================== The Independent: Investment Column: Cranswick's shares bring home the bacon Edited by Alistair Dawber Wednesday, 14 July 2010 Our view: buy Share price: 871p (+11p) Underlying sales growth at the big four supermarkets have suffered a sharp slowdown this year, as lower food price inflation and a cautious consumer have taken their toll. But sales have sizzled at Cranswick, which supplies pork to Tesco, Sainsbury's, Asda and Morrisons, and the Co-operative Group. Sales, which strip out the impact of acquisitions, rose by 6 per cent in the first quarter to 30 June, an upturn from the 4 per cent in the fourth quarter. Cranswick was also boosted by consumers snapping up cooked meats and sausages during the football World Cup. The pork sausage specialist itself scored with the acquisition of CCF Norfolk, a supplier to Tesco, last June. CCF Norfolk's revenues increased by 13 per cent in the quarter, swelling Cranswick's total sales by 19 per cent. While the local pigs will not be grunting in delight, CCF Norfolk has already increased capacity from 10,000 to about 13,000 pigs a week. Cranswick also plans to ramp up production at other facilities, including its Lazenby's gourmet sausage factory in Hull and at its cured bacon facility at Sherburn-in-Elmet, West Yorkshire. Other tasty morsels for investors are that, despite higher pork input prices, Cranswick is not suffering any margin erosion, partly due to increased volumes and further operating efficiencies. But not all of its numbers performed in the latest quarter, as it cited a "reduction" in international sales. However, overseas only account for a small proportion of its sales and we think that Cranswick's shares, which trade on a forward 2011 price-to-earnings ratio of 12.1, have legs. This is not only because it appears to have genuine momentum, but also as the company has a strong track record of growing its dividend and earnings per share. Therefore, we retain our buy recommendation after tipping Cranswick at 755p in February. ==================== and similar stuff in the Yorkshire Post and Cranswick is relying on the trend towards pork as a cheap and healthy form of protein and towards its premium sausages, again seen as good value for stretched family budgets. A Jamie Oliver range is just appearing in the shops. Companies such as Cranswick are inevitably reliant on what used to be called the pork cycle. Farmers build herds, the price drops, herds are scaled back and so on. Cranswick believes that it can manage such fluctuations by further volume growth and greater efficiencies. The shares sell on about 12 times' this year's earnings. Not cheap, but worth picking up on weakness, according to the Times. |
Posted at 19/6/2009 15:54 by stevemarkus I decided to take a small stake today having seen the dip. Should I be surprised to see a dip following an Investors Chronicle buy rec? Happy to buy a second tranche lower if they do go through 570p - I imagine the next level would be 540p and would be quite happy to get some at that price. Looks a nice, well-run company - I've been waiting since the last results to buy some of these.Cheers, Steve. |
Posted at 19/6/2009 12:46 by omalaha buy rec in investors chron today - looks like testing that 570 support at the mo. |
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