Ok, time will tell!! |
price increases to supermarkets take time to implement.supermarkets are also keen to keep prices low,and expect the supplier to absorb,most of price increases.
new regulations in january will push pig prices higher,eroding margins.
i think the first few months of next year will be tough for cranswick.
so,on a 3-5 month view i think we will see these under 700p. |
I cannot understand your argument. The fact that there is a poor Harvest is unfortunate but no more than that. It will affect all meat products pork, beef, poultry etc so as I see it it will just neutralise the position as we we still eat meat only at a higher price. With cwk expansion and cost cutting plans it would indicate to me that cwk is a sound investment particularly for the medium term especially as they have a strong balance sheet.
With current lows of around 735p and a current Price of 773p I have a target price within 3 months of 865p |
first target..670p |
can't see any of those targets being met over the short term.
why would you buy cranswick,with the sword of damocles hanging over you? |
Been some good calls here.
N+1 Brewin retaining 'hold' but cutting target from 902p to 778p this morning
Peel Hunt retaining 'hold' but cutting target from 800p to 750p this morning
Panmure retaining 'hold' target unchanged at 875p |
i see we have notice of next years profit warning. |
The pig cycle is notorious and the next leg of the cycle will be extreme, visit npa website to view the problems of the uk pig industry. Cwk is in the firing line for a rough ride. Shareholders do your own research. |
i have a few short positions in these.
looking to add to shorts before next years profit warning. |
UK wheat harvest is getting under way and yields are down 50% and bushel weights are terrible. Pig feed prices are rocketing and pig farmers are heading for the exit. Pig supplies will be short and expensive in 9 months time. This could be very serious for pig meat processors. How long before CWK share price follows the route of the Gaderene swine? |
Article in Ft yesterday about plight and contraction in UK pig industry. This won't affect CWK trading for 8 months. |
Good early call Countryman.
FT reporting tonight that the US drought affecting corn will make beef and pork unaffordable to many. |
Pig cycle moving towards a severe downturn. High prices for animal feed (Wheat and soya) mean pigs are not profitable and pig farmers are quitting. 9 months time and pig meat will be scarce. CWK profits / low profits run behind the pig cycle. Keep in touch with the pig industry via NPA website. CWK is vulnerable to the pig cycle. |
Blog post on Cranswick's reporting of full year results today:
Summary:
Another record net profit figure helped by a number of one offs
Significant improvement in margins in the second half of year
Still questions surrounding long term direction of margins
Essentially debt free and cheap relative to earnings (especially given long-term earnings growth) on a P/E of ~11 |
Fine numbers and brokers reacting accordingly...
30th jan Investec buy tp 830p
30th jan Numis hold tp 791p
30th jan Panmure buy tp 875p |
Excellent Q3 results today, hopefully we will soon see £8.00 plus again. |
Out today, will keep watching.
Luck to holders |
A few chunky trades today
138k , 2 x 56k and 25k all at 750p |
UT = 4,714 @ 760p |
'Farm Of The Week: Balancing act pays off for pig venture'
..."The pigs we send to Cranswick are top quality," says Karen. "But supermarkets want the meat too lean."
article: |
Good US payroll numbers - more ribs stateside ? ;-) |
Top 10 today :
FTSE 250 - Risers
Supergroup (SGP) 492.00p +6.82%
RPC Group (RPC) 353.00p +4.97%
International Personal Finance (IPF) 205.00p +4.06%
Diploma (DPLM) 345.40p +3.60%
Bellway (BWY) 754.50p +3.50%
Yule Catto & Co (YULC) 175.00p +2.88%
Regus (RGU) 91.45p +2.35%
Ashtead Group (AHT) 188.20p +2.01%
JPMorgan Asian Inv Trust (JAI) 188.10p +1.95%
Cranswick (CWK) 735.50p +1.59% |
100k trade at 725p just shown. |
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