Those comparison graphics in the header stopped updating after 2006. I will see if I can change them shortly. |
thats me out for now, better else where |
thats me out for now, better else where |
No 550p and then upto 650p within a month |
is 500p a chart floor |
Charles Pick at FinnCap thinks there is a clear risk of the consumer eating less pork near term, despite the virus not being transmitted that way.
Cranswick is most exposed here but the any change in behaviour could also affect sentiment towards Devro (which provides collagen casings for sausages, many of which are pork based) and Hilton Food Group (which packs cuts of meat and mince, including pork). |
I deeply suspect this will be heading further south. Didnt joe public think he wld get bird flu from chickens last time round.... |
what.......sausages? |
two directors have bought. |
I like sausages |
better than mine :o) |
The MACD is diverging very nicely at the zero marker.We are seeing higher lows and higher highs.All very inviting,but what of volume?My TA is strictly limited of course. The 20day and 50 day averages have made a golden cross,another positive. |
I am not a chartist, but does this not make a breakout, which is very positive is it not? |
Just look at the way the 200day ave is pulling up the 20 and 50 day averages.Now that is something else! |
 Its not going to set the world alight but...it s OK
Cranswick has continued to perform in line with management's expectations. This
was pleasing given the ongoing challenges of significant currency fluctuations
and weakening economic activity. Total sales for the Company in the quarter to
31 December 2008 were GBP164m, an increase of 7 per cent compared to the same
period last year.
In the food division, turnover increased by 6 per cent compared with the same
period last year. There were notable increases in a number of categories, with
sales of continental products 15 per cent higher, pork sales up by 14 per cent
and sales of sausages and sandwiches ahead by 7 per cent and 6 per cent
respectively.
Turnover in the pet division, which accounted for 7 per cent of total Company
sales in the quarter, was up by 16 per cent, as the strong growth seen in the
first half of the year continued.Sales in the pet products business rose by 16
per cent and the new Lisbon branch which opened in October helped aquatic sales
move ahead by 17 per cent.
Cash generation from operating activities remained strong.The Company has put in
place a new, three year, bank facility and this
provides appropriate headroom going forward.
Cranswick is in a very strong position in each of its markets supported by
production facilities in which there is ongoing investment in pursuit of
improved efficiencies and which are amongst the best in the sector. The outlook
for the year remains unchanged. |
Aha - so they do!
15:28GMT 08Dec2008--Cranswick up, Panmure positive on pork crisis
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Shares in Cranswick rise almost 1 percent as Panmure Gordon says the
British premium pork supplier and pet food maker should be well insulated from
problems over Irish pork as it mainly uses domestic pigs for processing.
Panmure says: "Where the company does buy in primary cuts, there is good flexibility of supply from the UK in addition to other European markets."
The broker concedes there maybe a ripple effect on consumer demand on the UK mainland, as has been seen before during foot and mouth outbreaks, but it says these are often short-lived and Cranswick, which posted robust interims in November, has generally traded well through such episodes.
As a result, Panmure repeats its "buy" recommendation and 650 pence target
price. |
Panmure Gordon duly oblige. |
If the company is totally uninvolved with Irish pork, I wonder if they might feel inclined to issue a reassuring statement? |
M>T>Glass.Thanks.The 200 day average is trying to pull the price up.? ?. |
toepath - the word edit on your own message is visible only to you. We all get it. It's there to click in case you need to edit!
I did have a closer look around after my last post and failed to find any Irish connection with Cranswick. |
cranswick produce their own pigfood for large number of pigs they breed themselves,they also buy pigs from pigfarmers within a radius of their abattoir near the port of Hull,a radius of 30 miles I think.The share price is very likely to be affected tomorrow but to date,it has this year held up remarkably well.It looks very good versus the all share.I live in the area but have no connection with the firm.I don t have any shares at the moment but I certainly will have when the time is right.The management is top draw.They may well import pigs during a demanding period no doubt but I can t throw any light on that.How do you get rid of that word edit? |
Breaking news tonight is a food scare over Irish pork products (very high levels of dioxin) - with advice to dump all Irish pork, bacon or sausages.
Is Cranswick affected by this at all? |
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