Cranswick Share Discussion Threads

[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.

[m.t.glass] 05/2/2007 14:25

Crikey - it's even worse than I thought. Try highlighting my last post. I appear to be infected by some kind of marketing virus !!

[m.t.glass] 05/2/2007 14:18

BUY BACON - - - BUY BACON - - - BUY BACON
I did not. It had not surfaced in my otherwise scrupulous research.
BUY BACON - - - BUY BACON - - - BUY BACON
I will confess to having eaten more bacon in the past few weeks than in the whole of last year. There must be some kind of subliminal advertising campaign going on, imprinting peoples minds with "Buy Bacon..., Buy bacon.., Buy bacon"
BUY BACON - - - BUY BACON - - - BUY BACON
Are you the mastermind behind this dark project??
BUY BACON - - - BUY BACON - - - BUY BACON
mtg

[chester] 05/2/2007 13:39

MTG - Any info you want on Pig Farming, fire away. I supply 130 pigs for Bacon on a weekly basis . You didn't know that, did you ?

[m.t.glass] 05/2/2007 13:24

chart quite perkily probing its previous highs.. (or should that be porkily porking?)

I bet it must be the nation suddenly realising that British Bacon Education Week (surely the highlight of the social calendar) is almost here ;o)

[cambium] 05/2/2007 10:55

well spotted MT

[m.t.glass] 05/2/2007 10:49

As Britain gears up to celebrate the first ever British Bacon Education Week (19-25 February) Sainsbury's, a supporter of the event, has reported soaring sales figures in its Taste the Difference Dry Cured bacon range.

Manufacturers, Cranswick Country Foods, uses the traditional dry curing process for The Taste the Difference bacon range.

Guy Hooper, sausage and bacon buyer at Sainsbury's said: "Since we launched these products 18 months ago sales have more than tripled and we've recently added outdoor reared and organic bacon to our range with encouraging sales, we have very high hopes for the future."

Chris Battle is a director of Cranswick Gourmet Bacon and son in law of the late Yorkshire butcher, Jack Scaife, whose recipe is still used today to make the bacon.

Battle said: "We are so proud of our British dry cured bacon and its 100 year old heritage, I have ensured that my family's traditional curing process is unchanged. We used to sell it in our shop and then over the internet by mail order, now it's available in Sainsbury's it gives everyone the chance to taste this great British product at its best."

Hooper said: "Cranswick and Sainsbury's have a relationship which spans more than 20 years. We worked together to change the perception of British sausages over 10 years ago and we've seen a revolution in the variation and quality of products, now we want to do the same thing with bacon."

Figures from TNS Super Panel reveal that premium British bacon has experienced a rise in popularity recently with the total bacon market worth £197.9m in the 12 week period ending 31 December 2006, up 6.4% year on year. Super premium bacon accounted for £16.67m of this figure, with Sainsbury's Taste The Difference Dry Cured bacon range alone having a 14.5% share of this market, worth £4.41m and enjoying an increase of 21.9% year on year.

[sensei10] 04/2/2007 05:27

Rubbish LNX is one of the worst shares I have ever seen and that is the most pathetic ramp I have ever seen.

[m.t.glass] 03/2/2007 18:28

If that puts people off buying poultry, and they buy pork products instead - good news for Cranswick ;o)
(It does have a birdfoods division - but that is a very tiny contributor and unlikely to be damaged unless the whole country gets hit to the extent that all birds die).

[leytonorient] 03/2/2007 16:54

A spokesman for Bernard Matthews, which runs the farm, said none of the affected birds had entered the food chain and there was no risk to health.

The 159,000 other turkeys on the farm will now have to be slaughtered.

The Department for Environment, Food and Rural Affairs and the European Commission carried out virus tests at laboratories in Weybridge, Surrey.

A three-kilometre protection zone and a 10km surveillance zone will be set up around Holton, which is approximately 27km south-west of Lowestoft.

[m.t.glass] 25/1/2007 23:25

This from Farmers Weekly tonight. Same story but adds Asda and Morrisons names, and observation on protein prices. Got their price rise and date wrong though ;o):


Appetite for premium sausages boosts producer's sales
26/01/2007 10:26:00
FWi
Sausage producer Cranswick saw sales increase by 22% in the last three months of 2006 after demand for premium sausages continued to rise.

The increase followed a record rise in sales throughout 2006 for the company, which produces Taste the Difference pork products for Sainsbury's, with sales up 14% to £248m.

The Hull-based producer, which also supplies Asda and Morrisons, said all its food products performed well, but premium sausages and bacon showed particular growth.

The increase was also helped by the easing of protein prices and settled energy prices, it added.

Shares in Cranswick leapt from 18p to 945p on Thursday (25 January) following the announcement.

[m.t.glass] 24/1/2007 17:19

And a broker upgrade. Target price lifted to 970p (but previous target busted 3 months ago! Bit slow some folk)

LONDON, January 24 (newratings.com) - Analyst Charles Hall of Panmure Gordon maintains his "hold" rating on Cranswick (ticker: CWK-GBX). The target price has been raised from 800p to 970p.

In a research note published this morning, the analyst mentions that the company has reported robust 3Q sales growth of more than 22%, as compared to 12% growth posted last year. The position of Cranswick's competitors, especially Grampian, is weak at present, the analyst says. The full-year PBT estimate of £32.5 million is likely to be raised by 5%-10% going forward, Panmure Gordon adds.

[m.t.glass] 24/1/2007 17:14

Cranswick sales fatten on premium foods
24/01/2007 - 12:55:48
Ireland Online, Dublin

British food manufacturer Cranswick today reported soaring sales during the third quarter led by rising demand for premium food ranges at supermarkets in the run up to Christmas.

East Yorkshire-based Cranswick, which produces high quality premium products, including fresh pork and cooked meats, saw sales jump by 22% to £140m (€212.3m) in the three months to December 31.

Food product sales rose by 27%, with all categories showing strong progress.

Fresh pork led the sales rise, in line with traditional increased seasonal demand, followed by continental meats.

Earlier this month, Sainsbury and Tesco both reported record sales in the week before Christmas, both citing growth in their Taste The Difference and Finest premium ranges.

Cranswick supplies Sainsbury's with Taste the Difference products, and its pre-cooked turkey range was named "Best Ready to Eat Product" at recent industry awards. It also provides sausages for the Duchy Original organic range.

Citigroup analyst James Targett said: "The numbers clearly show that trading has accelerated since the first half. This is understandable considering the strength of supermarket premium and fresh food sales over Christmas.

"We believe Cranswick is in a better position than many UK manufacturers, due to its exposure to higher growth premium products, potential for new contract wins, and ability to increase production activity."

He added that the company may have more to gain as the Competition Commission continues its investigation into whether supermarkets' buying power is harming producers. Pork production has so far been a major focus for the inquiry.

Sales at the company's pet division slipped 5% during the quarter, led by disappointing bird food demand. However, the business now only accounts for 6% of the group's total sales.

A fire at Cranswick's Chorleywood warehouse in December caused some disruption to trade at the division, but the firm said the impact on profits would be minimal.

Charles Hall, of Panmure Gordon stockbrokers, said: "We expect the shares to continue to perform well, given the strong organic growth, weak position of competitors and the potential for further acquisitions to accelerate growth."

Cranswick shares were almost 2% higher today.

[m.t.glass] 24/1/2007 07:54

And here is that update The Tgraf were looking towards:



RNS Number:0325Q
Cranswick PLC
24 January 2007

Cranswick plc ("Cranswick" or "the Company") - third quarter trading statement

Cranswick has continued to perform well. Total sales in the three months to 31
December 2006 were #140 million, an increase of 22 per cent compared with the
same period last year.

Total food sales showed an increase of 24 per cent compared with the same period last year. Sales of food products increased by 27 per cent, with all categories showing good growth. Animal feed sales increased by 14 per cent. Excluding the impact of Delico, which was acquired in November 2006 and is currently in the process of being integrated, food sales rose by 21 per cent on a like-for-like basis.

Turnover in the pet business, which accounted for 6 per cent of total Company
sales in the quarter, was down 5 per cent following disappointing bird food
sales. A fire at the Chorleywood warehouse in December caused some disruption
although the profit impact will be minimal as the business is fully insured.

The cash flow of the business was in line with expectations.

----------------------------------------------------------------


(That dip in the pet business (down 5% on a division representing 6% of total company) works out at only three tenths of one per cent of CWK's overall sales.) The follow-up AFX news item doesn't even mention it.

mtg

[m.t.glass] 22/1/2007 12:15

- breaking to a new alltime high if it holds up..

[m.t.glass] 21/1/2007 19:46

Sunday Telegraph - 21 January

Cranswick, which makes cooked meats, sausages, bacon, pasta and sandwiches, is likely to have benefited from the Christmas trend - reported by Tesco and Sainsbury's in recent days - that saw shoppers trade up to premium ranges.
At its interim results in November, Cranswick reported sales up by 14% and profits 11% higher. The company, which produces sausages on behalf of Duchy Originals, is expected to release an upbeat trading statement over the next few weeks.

Analysts were impressed that all sales growth was organic, showing that Cranswick was continuing to take market share. It is also building capacity to meet expected increases in activity. The shares trade on about 16.5 times forecast earnings, but this is justified by the predicted growth. Buy, says the Sunday Telegraph.

[cambium] 31/12/2006 22:22

Cheers MT, have taken my eye off the ball with this one and hadn't noticed the stellar rise recently.....fantastic. Where now?