Cranswick Share Discussion Threads

[m.t.glass] 04/4/2007 11:19

Today's Daily Mail (Ian Lyall):


Cranswick

One-year share performance: +31%


The sizzle has gone from sausage maker and cured meats firm Cranswick, which yesterday warned that competition had ratcheted up a notch and would hit profit margins.

Shares immediately retreated on the news, although they are coming back from an incredible two-year run, which has seen the company almost double in value.

Cooked meats has been the real battleground and the group has reportedly lost £100m of sales to competitors.

Panmure Gordon is chopping back its profit forecast by £1m for this year to £33m and £2m next to £36m.

Valued at 16 times forecast earnings, the shares trade at a premium to the sector. Whether they deserve to so from here on in is debatable, particularly as valuations are coming down to around £9 a share from closer £10.

VERDICT: Take profits

[m.t.glass] 03/4/2007 21:15

Confirming Cambium's post:


Cranswick "hold," target price reduced

Tuesday, April 03, 2007 9:04:21 AM ET
Panmure Gordon & Co

LONDON, April 3 (newratings.com) - Analysts at Panmure Gordon maintain their "hold" rating on Cranswick Plc (ticker: CWK-GBX). The target price has been reduced from 970p to 880p.

In a research note published this morning, the analysts mention that the company has reported its 4Q results broadly in-line with expectations. Cranswick's margins were impacted by intensifying competition in the recent weeks, the analysts say. Increased pricing competition in cooked meats is expected to impact the company's performance in 2008, Panmure Gordon adds.

[m.t.glass] 03/4/2007 14:00

Thanks. Aye. HMY and ADM my biggest winners today ;o)
(I'm supposed to be on holiday but there's too much action out there!)

[cambium] 03/4/2007 13:44

I know you are doing very well elsewhere well done mate

[m.t.glass] 03/4/2007 13:43

Nah - just watching ;o)

[cambium] 03/4/2007 13:32

I guess they got it a bit quick for my liking though, MT - you must be buying back your tenners worth now!

[cambium] 03/4/2007 13:29

Panmure hold for 880p

[m.t.glass] 02/4/2007 17:30

LONDON (SHARECAST) - Sausage manufacturer Cranswick expects full year results to be in line with management's expectations, it said in a statement after Monday's close.

Total sales in the final quarter were 20% higher than a year ago, with sales of food products up 22%. Charcuterie, sausage and bacon showed particularly strong growth.

Animal feed sales rose 2%, while food sales, excluding the impact of Delico, acquired in November last year, climbed 17% on a like-for-like basis.

Turnover in the pet business, which accounted for 6% of total group sales in the quarter, was 6% lower though following disappointing sales of bird food.

"Whilst further sales growth is anticipated in the forthcoming twelve months there are signs that the company is facing a more competitive trading environment," it said.

"Cranswick is well placed to respond to this challenge as the board pursues its strategy for the continued successful development of the business."

Results for the year ending 31 March 2007 will be announced on 21 May.

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NOTE: "...in line with management's expectations.."

This does not necessarily mean the same as 'in line with market expectations'. What are the management's expectations? Are they better, or worse, than market expectations? There seem to be some positives in today's statement - but also "there are signs that the company is facing a more competitive trading environment".

[m.t.glass] 08/3/2007 23:04

Cranswick directors take home the bacon
Thu 08 Mar 2007

LONDON (SHARECAST) - Shares in pork products specialist Cranswick have soared as the demand for gourmet type sausages has taken off in recent years.

Shares in the food group recently hit an all-time high after the group reported sales climbed by a fifth in the three months to December.

The price has come off in the market turbulence since then and dipped again today as a number of senior executives decided to cut their stakes.

Chairman Martin Davey sold 25,000 shares at 930p, raising £232,000. Finance director John Lindop and Bernard Hoggarth and Derek Black, who run the food and pet divisions respectively, also sold similar amounts at the same price.

Sales by Cranswick directors are rare. The previous significant disposals were nearly two years ago in June 2005, since when the share price has appreciated by about a third.

[56richard] 05/3/2007 17:12

This does tend to get pushed around quite easily on low volumes so hopefully no reason to panic (I have done enough of that already!) - CWK had done quite well (under the circs) until today!

[m.t.glass] 05/3/2007 16:54

Entering Cranswick in searchbox will reveal which funds hold a stake. Clicking each fund will (in most cases) reveal where(if) this stock is among the fund's top ten holdings.

[farmsted] 05/3/2007 15:39

We don't get much information on this web, has Fidility sold there shares ?

[56richard] 12/2/2007 18:09

I think the momentum will increase too as consumers continue to loose confindence in cheap meats (Bernard Mathews?) and look for reassurance in premium products - I dont think Cranswick are too exposed to turkey meat either. Looking like a real success story at the moment.

[beechtree] 12/2/2007 17:55

This thread should be renamed "Posh sausages are flying" as the share price continues to climb!

[cambium] 12/2/2007 14:27

Pushed through a tenner without too much trouble

[m.t.glass] 09/2/2007 17:15

"..A FIRM at the centre of controversial expansion plans was celebrating yesterday after East Riding councillors gave their backing to the proposals.
Cranswick Country Foods, at Preston, near Hull, succeeded in winning round councillors with revised plans which will add another 2,450 square metres to the site..."

(Yorkshire Post, 9 Feb)

Edit: That's 26,370 sq ft, for those of us who still think in imperial.

[m.t.glass] 09/2/2007 16:47

Check here for thirty(!) funds that apparently have a stake in Cranswick

Click each fund name to see if Cranswick is listed within their top ten holdings (Skandia and a few others don't do that)

I have not checked to see if the holdings are definitely all this Cranswick, and not some other Cranswick..

[m.t.glass] 09/2/2007 16:10

Cashed in some at 999.615p
Holding some still

[cambium] 09/2/2007 14:58

Thankyou MT

[m.t.glass] 09/2/2007 14:55

Soon to be testing that big round number. Today?

[stronger] 07/2/2007 14:02

I posted a message just before Christmas suggesting a forthcoming deal with Tesco. I still stand by this story and am somewhat surprised news hasn't filtered through yet.

[m.t.glass] 07/2/2007 12:03

sizzling nicely ;o)

[cambium] 05/2/2007 16:09

Cranswick plc received notification from AMVESCAP plc that as at 26th January
2007, AMVESCAP had a notifiable interest in 13,187,929 Ordinary Shares of 10p
each in the Company, representing approximately 28.98% of the issued Ordinary
Share Capital.


Bodes well for the future, a good cash generating business, increasing profits year in year out, watch out for the private equities lurking

[m.t.glass] 05/2/2007 15:50

Amvescap holding 28.98% - does that make them as high as can go without launching or aiding a bid?

[chester] 05/2/2007 15:29

The Pig price we receive could do with a boost, its been dropping for the last few weeks with the price of feed going up.