over valued imo |
Had high hopes for this. Closed my spreadbets this morning for smallish loss. Not sure whether to open a short. Anybody else got an interest? |
recovering some value, should hopefully regain £8.50 soon |
 From the MTJ magazine
Cranswick unveils new Yorkshire plant
- Published: 24 January, 2011
Sainsbury's group commercial director Mike Coupe has opened a new Cranswick production facility at Preston, East Yorkshire.
Coupe officially opened the facility by unveiling a plaque, following a tour of the new factory.
Cranswick is said to have invested £13m in the new facility, using robotic technology, to replace the original, built in the 1980s.
Livestock will be drawn to what is now Cranswick's largest processing plant from across Yorkshire. The new facility will also ensure easy access to the factory for local farmers, the company added.
Cranswick CEO Bernard Hoggarth said: "After three years of planning and construction, it's fantastic that the new facility is now complete and that Mike Coupe could join us for the official opening. This was the final stage in the development plan and I'm happy that we continue to offer a highly efficient operation at Cranswick to local pig producers and that this considerable investment ensures the highest levels of animal welfare going forward." |
A fantastic company, which sells pork products to all the major retailers. Which is unique in the meat trade. |
shuisky
- Fair commentry indeed. There is school of thought tho' that says that sausages are cheap form of meat and therefore food inflation + recession may be good for CWK.
Also this morning:
I note that PG have upgraded to a 900p target. For me the chart is significant here though because even I can see that we have support at 800 and resistance @900p.
Arguably if it goes through 900p - we could see greater rises. Meanwhile the FTSE looks set for a little re-trace perhaps?
Long term, this is the sort of stock Warren Buffet would love - so I think a comfortable investment. |
I would urge caution here.
In Feb 08 they gave a warning after commodity price inflation..
Here are where wheat prices are now...
Their end markets will be better off this time around, so they will find it easier to pass on costs. Nevertheless, I am not a buyer until the market prices this in. |
(added to updated header) |
Yes, I agree. P/E of 10, debt decreasing rapidly, generating cash in volume. Nice!
Steve. |
Nice results this morning - looks oversold to me |
No mention of rising wheat and softs prices in the latest trading update.
I wouldn't buy in here until it has been mentioned. The market usually over reacts and you might get an entry point. |
Thanks Nellie - 940p looks good to me, looks a little oversold IMO |
Broker upgrade-BUY |
No, agreed, but it's the only cause that I could think of at the time!
Steve. |
steve - such issues have an effect - but not this particular effect. Whatever it was appears to have done no ongoing harm - except stoplossing me out of a spreadbet that I pay the spread on reopening! |
Possibly the price of wheat and other foodstuffs that pigs might like to eat?
Don't know, just speculating.
Cheers,
Steve. |
Hi MT, no not seen anything, its come back from 900 where its met resistance before |
do the pig feed linked to wheat prices |
I was having a quick look around just now to see what spooked CWK shares, and stumbled across a couple of positive items:
and:
- but still not spotted the cause of this morning's dip. Any info anyone? |
My work has had dealings with Cranswick recently and they are exceptionally busy and out growing current facilities. |
"It's what they are buying that matters, not your view or mine on whether they should or shouldn't."
Precisely my point. |
Establishing 881p as a new floor would be good. |
remember those £10 days MT? might be coming back again |
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