Cranswick Share Discussion Threads

[le mass du pap] 08/8/2007 17:22

This is getting tiresome. First we had people wetting themselves over the weather and it's effects, now I can only assume that this has dipped due to the foot and mouth non-event, despite a great trading update a week ago. It's pathetic. The f&m will be over in a few days and it's had no effect on sales etc. Animal movements will resume at midnight tonight and they know the source so it's nothing to worry about.......and the weather is better for any softies out there. Oh and just for the record.....sales were up 25%!! This is a well placed growth company and it's about time it shook off this 800-900p range and moved north.

So I repeat...sales up a massive 25% on last years record breaking figures! What more do people want?

"Cranswick Q1 sales up 25 pct to 151 mln stg; current year started positive"

[le mass du pap] 30/7/2007 10:54

Great trading update..........

Cranswick Q1 sales up 25 pct to 151 mln stg; current year started positive

LONDON (Thomson Financial) - Cranswick PLC said its first-quarter sales rose 25 pct from the same period last year to 151 mln stg, and said the current year has started in a very positive way.
In a statement ahead of its AGM, the Yorkshire-based food producer said all
product categories delivered double digit growth, and added that its overall
margin performance is in line with its expectations.
Cranswick said food sales grew 26 pct of which 22 pct reflects organic
growth, adding that pet business sales went up 10 pct, and agri sales rose 8
pct.

[m.t.glass] 13/7/2007 00:34

Cranswick is investing in an £8m new abattoir on its site in Hull.

On completion in 2008, it will increase Cranswick's pig slaughtering capacity from 15-20,000 to 25,000 a week.

"The rest of the site is new, so we had little choice but to invest if we want to develop the premium end of the pork market," explains Adam Couch, managing director of Cranswick's fresh pork division.

The company is also pleased that there were some pork price increases at the end of last year. They were 7%-8% per kilogram higher than last year. However, he believes there is a lot of pressure on processors to keep prices down. This has resulted in a combination of dead weight and average weight price contracts. "Before, we had a spot market," says Couch.

The British focus has to be on the premium end, he believes, because it has 10%-20% on costs resulting from high unilateral welfare standards. "Our Taste the Difference sausage for Sainsbury's has seen phenomenal growth."

Cranswick's unique selling point is that it has the largest herd of outdoor-reared pork at about 30%. "This has a pleasing connotation for UK consumers, who know that 75% of our product is slaughtered within a 45-mile radius of the production site."

Couch also believes that the UK has the most efficient pork producers, who are finally seeing the green shoots of recovery. "It is good to see the retail sector putting the consumer choice in favour of the British requirement. There is a recognisable premium there. If retailers push locally produced pork, consumers will follow with their feet."

(source - meat.info.co.uk)

[le mass du pap] 11/7/2007 14:53

Not everyone shares the rather naive view that CWK's profits will be dented by the weather and it's effect on barbecues.....Lehman taking their holding over 3%.

Okay, so the current weather is not ideal for the sausage and sandwhich business, but I doubt it will have much effect overall. Cranswick's entire business does not revolve around barbecues! If you are concerned then just think how it will be offset by the hotter than expected April and the forecast of a hot August and September. I saw a piece in the Times at the weekend, what a load of dross, banging on about weather....just check the percentage drop calculation for Cranswick in their Tempus 10. The fact that it's totally wrong says it all really!

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

RNS Number:0667A
Cranswick PLC
11 July 2007

TR-1: NOTIFICATION OF MAJOR INTERESTS IN SHARES

(1). Identity of the issuer or the underlying issuer of existing shares to which
voting rights are attached:

Cranswick Plc

2. Reason for the notification (please tick the appropriate box or boxes)

An acquisition or disposal of voting rights: ( X )

3. Full name of person(s) subject to the notification obligation:

Lehman Brothers International (Europe)

5. Date of the transaction and date on which the threshold is crossed or reached
if different):

05/07/07

6. Date on which issuer notified:

06/07/07

7. Threshold(s) that is/are crossed or reached:

3%

8. Voting rights attached to shares


Situation previous to the Triggering transaction

Number of shares

Less than 3%


Resulting situation after the triggering transaction

Number of shares

1,608,194

3.53%

[le mass du pap] 11/7/2007 14:40

Excellent reviews....can only be good for sales.
-------------------------------------
Latest News

June 2007

Cranswick highlighted in the BBC Good Food Magazine's On Test - Sausages article. (July 2007 edition)

"Best all rounder:

Sainsbury's Taste The Difference Pork & Caramelised Red Onion Sausages.

This glossy brown sausage flecked with herbs and red onion was our overall winner. The combination of red onion and meat creates a dense, moist sausage with a sweet, herby flavour. Try them the next time you have a barbecue - no relish required."

"Best mail order

Simply Sausages London Rich Sausages: traditional pork

A very good plain pork sausage – chunky with an open texture and nicely seasoned. Its hefty size makes it perfect for an extra special hot dog, especially when drizzled with mustard or honey."

"Best new flavour

The Co-Operative Pork & Sweet Chilli Sausages

Crammed full of juicy meat with a smooth texture, the sweet roasted red peppers gave a peppery scent to these lovely coloured bangers. The sweet aftertaste makes them perfect for children."

[le mass du pap] 05/7/2007 09:19

Yes you are right, I stand corrected ;-)

[m.t.glass] 04/7/2007 18:58

LMDP - XD (12.2p) was today (Friday is Record date. XDs are almost always Wednesday). Price held up well despite that.

[le mass du pap] 03/7/2007 20:50

Looking good....

[chester] 05/6/2007 15:11

MTG - Yep, certainly close. Nice move again here today.

[m.t.glass] 26/5/2007 14:11

Hi chester. Close game at UK stockchallenge ;o)

[chester] 26/5/2007 09:11

Yes, well done on TAN, bought in at TAN at 40p sold at 132p, watching in awe as it continues to rise. I'm long these from the results day, hopefully plenty more to come.

[m.t.glass] 25/5/2007 22:24

Cambium. Got no stake in CWK myself at the moment. TAN is nice ;o)

[cambium] 25/5/2007 21:18

Cheers MT, Are you still holding a few then?

PS well done on TAN

[m.t.glass] 23/5/2007 17:54

Two years since I last updated the descriptive paragraph in the header. I will do so in a day or so, following the disposal of pigfeed division and previous acquisition of Delico.

[mach21] 23/5/2007 17:41

And a nice finish on top

[mach21] 23/5/2007 14:22

And today ;-)

[chester] 22/5/2007 13:18

Nice continuation today.

[m.t.glass] 22/5/2007 09:30

Dunno. Sun headline (and police use of the term incident rather than accident) appeared to imply suicide - which sounded somewhat odd, especially as the machine involved apprently had no blades.. But in later reports, police are saying accident.

[cambium] 21/5/2007 13:09

Blimey MT, thats horrific. I wonder how it happened?

[chester] 21/5/2007 13:01

Heavy volume at the Low on Friday, 50% fib retrace from the 23rd DEc low. Looks a good risk/reward to me.

[m.t.glass] 21/5/2007 08:27

Heck :o/


A WOMAN'S head was cut off in a horrific incident at a meat processing factory... ..The Delico plant was sold to Hull-based sausage-maker Cranswick in November.

[56richard] 19/5/2007 14:51

Also a positive mention in the FT today - time to get back in soon maybe

[m.t.glass] 19/5/2007 09:25

Cranswick "hold"

Friday, May 18, 2007 10:29:22 AM ET
Panmure Gordon & Co

LONDON, May 18 (newratings.com) - Analysts at Panmure Gordon maintain their "hold" rating on Cranswick (ticker: CWK-GBX). The target price is set to 880p.

In a research note published this morning, the analysts mention that the company is likely to post its profits at £33 million and EPS at 51.5p for the full year. Cranswick indicated that its 4Q margins were negatively impacted by stiff price competition, which is expected to continue during the current year, the analysts add. The recent weakness in the company's share price might provide an attractive investment opportunity going forward, Panmure Gordon says.