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CWK Cranswick Plc

4,720.00
-115.00 (-2.38%)
07 Jan 2025 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Cranswick Plc LSE:CWK London Ordinary Share GB0002318888 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -115.00 -2.38% 4,720.00 4,725.00 4,830.00 4,800.00 4,730.00 4,740.00 153,995 16:35:23
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Food Preparations, Nec 2.6B 113.1M 2.0908 22.62 2.62B
Cranswick Plc is listed in the Food Preparations sector of the London Stock Exchange with ticker CWK. The last closing price for Cranswick was 4,835p. Over the last year, Cranswick shares have traded in a share price range of 3,758.00p to 5,260.00p.

Cranswick currently has 54,094,364 shares in issue. The market capitalisation of Cranswick is £2.62 billion. Cranswick has a price to earnings ratio (PE ratio) of 22.62.

Cranswick Share Discussion Threads

Showing 501 to 522 of 850 messages
Chat Pages: Latest  22  21  20  19  18  17  16  15  14  13  12  11  Older
DateSubjectAuthorDiscuss
26/11/2007
12:00
You might find the odd one slipped in here or there.
iandippie
26/11/2007
11:16
Been joing you over the past couple of days Cambium, thanks for the heads up - even in a recession we all like a sausage!

Cracking long term earnings growth here - too good to be trading on this low PE.

CR

cockneyrebel
19/11/2007
18:31
Cranswick said its first-half pretax profit rose 16% on higher revenues and lifted its interim dividend by 10% to 6.5p.

For the half-year ended September 30th, the Yorkshire-based food producer said pretax profit was £18m, versus £15.5m a year earlier, as sales grew 22% to £303.2m.

The company said the increase in sales was entirely organic growth notwithstanding the sale of the animal feed business in May and the acquisition of DeliCo in November 2006.

Sales in the food business at £285.1m accounted for 94% of total sales, it added.

cambium
19/11/2007
12:54
At least someone else agrees with me

CWK Panmure Gordon Buy 788.00p 940.00p - Reiteration

cambium
19/11/2007
08:09
Im happy with that
cambium
11/10/2007
15:41
Well, I dont want to speak too soon (we have had one or two false dawns recently) but this is looking quite encouraging - lets see if we can keep the share price above 800 now.
56richard
09/10/2007
09:22
LONDON (Thomson Financial) - Cranswick PLC climbed in midmorning deals as it
said its first-half performance has been positive and in line with its
expectations, prompting Panmure Gordon to keep its 'buy' rating on the stock.
At 9.11 am, shares in Cranswick were 29-1/2 pence higher at 785, while the
FTSE small cap index was up 4.60 at 3,820.00.
Earlier today, the Yorkshire-based food producer said sales in the six
months to Sept 30 rose 22 pct with most of its product categories delivering
double digit growth, offsetting the additional costs experienced as a result of
foot and mouth disease and the start-up of its new business at Delico.
Cranswick said cash flow from operating activities continues to be strong
enabling significant investment in new production facilities without increasing
borrowings.
In reaction, Panmure Gordon noted that the strong momentum at Cranswick has
continued, with revenue growing by 22 pct in the first half, despite tougher
competition and poor simmer weather.
Profit growth is expected to come in at around 15 pct, said the broker, with
margins held back by foot and mouth disease and start up costs at Delico, the
producer of pre-packed cooked meats it acquired.
Panmure Gordon, whose target price on the stock is 880 pence, said the
company is on target to exceed its full-year forecast of 17 pct growth, adding
that it believes the shares offer good value on a price earnings ratio of 13.7x
to March 2008, with Cranswick also having strong cash generation.

m.t.glass
09/10/2007
09:07
you did well, well done,
cambium
09/10/2007
09:04
Yep. Within ISA account.
m.t.glass
09/10/2007
09:01
Quick PEG of 0.6 porkingly cheap
cambium
09/10/2007
08:59
you back in MT
cambium
09/10/2007
08:57
"..The sales performance has been strong with revenue increasing by 22 per cent and most product categories delivering double digit growth...

....Cashflow from operating activities continues to be strong enabling significant
investment in new production facilities without increasing borrowings..."


That'll do nicely ;o)


"..The sales performance has been strong with revenue increasing by 22 per cent and most product categories delivering double digit growth...

....Cashflow from operating activities continues to be strong enabling significant
investment in new production facilities without increasing borrowings..."


That'll do nicely ;o)

m.t.glass
23/8/2007
14:17
There you go MT.Glass............

The source was just one store after all. Pretty much confirming that the whole thing was down to Morrison's own dirty lack of food hygiene in that one particular store, as posted earlier.


No new cases of foot and mouth so that's all over too. It never came anywhere near Cranswick's interests anyway. All major supermarkets say it hasn't affected sales at all and that meat sales in general have been excellent over the summer. EU meat ban has been lifted and UK animal movement ban was lifted ages ago.



And....the sun is shining!

Therefore it's business as usual, not that it was ever any different! So why is the share price still 16% down??? Come on pants wetters, it's a bargain!

Sales are up 25%!!! The company is growing, so should the sp!

le mass du pap
19/8/2007
18:56
Yep......at these silly prices it would be rude not to :-)

18% down since the bullish trading statement at the end of July.....and all because of a few "what if's....."

It won't be long before the penny drops and the punters are falling over themselves to be part of a genuine success story.

le mass du pap
19/8/2007
18:11
keep buying lmdp :o)
cambium
19/8/2007
16:19
Just a bit sick of people panicking over the weather first, then foot and mouth, now E-coli. None of which should impact on CWK. But still the share price has been marked down on a few panic sells. Sometimes people need to have it drilled into them ;-)

I have a lot of respect for this company. They are doing the right things and moving in the right direction, but the share price isn't because of stuff that is not their concern. Hopefully we'll see the share price bounce after all this false panic has died down

Don't forget sales are up 25%!

le mass du pap
19/8/2007
15:45
errr... I tink we get the picture, LMDP. You sure you don't want to run all that a few more times?

;o)

m.t.glass
19/8/2007
15:30
Finally compare the headlines......

------------------------------------------------------
Cranswick's near clean sweep under BRC audits Published: (19-05-2006)

A FOOD manufacturer is celebrating after eight out of its nine plants claimed 'A' grade status under the BRC Global Food Standard following EFSIS inspections. The BRC Global Food Standard is the industry benchmark for food safety, legality and quality.

Andrew Caines, group technical director at Cranswick Country Foods, said: "This is a great achievement for the team at Cranswick. Our aim is to achieve the highest standards in product food safety, traceability, legality and quality and achieving A grade status at so many of our manufacturing sites is testament to the hard work and commitment of the Cranswick team at all levels of our business and at all sites within the group."

Emma West, EFSIS certification manager, said: "It is a great achievement...and is a reflection on the Cranswick group's high level of commitment to standards. Management teams are forward thinking and pro-active. HACCP, traceability and quality management systems are comprehensive and well implemented"

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

Morrisons stores 'warned over food hygiene'

Environmental health inspectors noted breaches of rules at Paisley stores at centre of outbreak

TWO SCOTTISH supermarkets at the centre of an E coli outbreak which has claimed the life of a pensioner had been warned over contraventions of food hygiene procedures.

Reports from environmental health officers have highlighted more than 20 concerns over standards at the Falside Road and Lonend branches of Morrisons in Paisley in the past three years.

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

It's a no-brainer ;-)

le mass du pap
19/8/2007
15:02
Similar article on BBC.........
le mass du pap
19/8/2007
14:32
Today's online Sunday Herald


----------------------------------------------------
Morrisons stores 'warned over food hygiene'
By Judith Duffy, Health Correspondent


Environmental health inspectors noted breaches of rules at Paisley stores at centre of outbreak

TWO SCOTTISH supermarkets at the centre of an E coli outbreak which has claimed the life of a pensioner had been warned over contraventions of food hygiene procedures, the Sunday Herald can reveal.

Reports from environmental health officers have highlighted more than 20 concerns over standards at the Falside Road and Lonend branches of Morrisons in Paisley in the past three years. It is believed that cold cooked meats from the delicatessen counters at these stores are the most likely source of the deadly E coli 0157 infection which has so far affected a total of nine people.

Among the issues raised by inspectors from Renfrewshire Council were:
l Poor food-handling procedures which "must be addressed".

l Concerns over the safety of meat pies being displayed for sale for up to 12 hours at room temperatures.

l Raw eggs being stored on warm surfaces which could allow the growth of harmful bacteria.

l Opened foodstuffs in the butchery chill department which were not labelled with a use-by sticker, as required by the company policy.

l Concerns about the risk of cross-contamination between raw meat and poultry in the "reduced to clear" cabinet.

l Food temperature probes being encrusted with food debris.

The outbreak of E coli came to light last week after the death of 66-year-old MargaretRowan,fromPaisley.A further eight cases have been identified, the most recent of which emerged on Friday.Threepeople,including Rowan's 72-year-old husband Stephen, are still being treated in hospital.

While investigations into the exact source of the bug are continuing, health chiefs leading the outbreak control team have stated that cold cooked meatsfrom Morrisons' Lonend and Falside Road branches are "the most likely vehicles of infection".

An inspection of the Falside Road store in October 2005 resulted in seven contraventions of food safety regulations being noted, and in May this year a further 10 points were raised by inspectors. The most recent report stated that there were "some poor food-handling procedures which must be addressed prior to the next programmed inspection".

At the Lonend store, an inspection in August 2006 listed four contraventions of regulations, including the practice of storing raw eggs on a warm cooker surface, which could increase the potential for bacterial growth.

The latest report on the store, issued in March this year, noted two concerns including that "a variety of meat pies are cooked and thereafter displayed for sale for up to 12 hours".

It added: "I would be obliged if you would provide me with details of analysis for the products implicated in this practice which demonstrate that they comply with food safety requirements after being stored at ambient temperatures for 12 hours."

There portal so warned that the delivery temperatures of refrigerated vans were not being recorded, which could be a "potential shortcoming" in the company's food safety policy and "due diligence defence", which can be used to show that all reasonable practical steps have been taken to prevent an incident from happening if any legal action is taken.

Leading food safety expert Hugh Pennington,a former emeritus professor of microbiology at Aberdeen University, said that while the faults reported did not suggest an increased risk of E coli infection, it raised questions over the standards at the stores.

"They are not perfect reports and one would expect a big business like Morrisons to be able to deliver a pretty clean sheet," he said. "It is always disappointing to find a big firm falling down a bit."

Ishbel Mackinnon, the co-ordinator of Ecoli support group Haemolytic Uraemic Syndrome Help (Hush), said food safety procedures had been tightened since the world's worst E coli outbreak claimed 21 lives in Wishaw in 1996.

But she added: "At the end of the day these regulations are only as good as the people that are implementing them.

"I am concerned that perhaps more needs to be done in the way of training to make sure everyone is totally aware of what the regulations are and why things are being done."

A spokesman for Morrisons said it had a "strong history" of good hygiene compliance. "As is consistent with the norm for the industry, we receive regular routine assessment of our food preparation areas," he added. "Actions arising from the inspection reports are promptly and professionally taken,as would be expected of one of the UK's leading retailers."

An investigation by the Sunday Herald has also revealed that councils across Scotland are failing to carry out food hygiene inspections at the minimum required frequencies.A review of local authorities' food law enforcement services, which is being carried out by the Food Standards Agency, has identified this as an issue in 16 out of 24 councils audited to date.

Tom Bell, chief executive of the Royal Environmental Health Institute of Scotland, warned that a shortage of environmental health officers was an ongoing problem."There are still a number of students coming out of university without training places, and the number of vacancies in local authorities is not sufficient to meet the needs of the future," he said.

A spokeswoman for the Convention of Scottish Local Authorities (Cosla) said there was a range of reasons why some inspections were not carried out within the planned timescale, including staff being diverted to emergency incidents or not being able to get access to premises.

But she acknowledged that there have been "capacity problems" in the environmental health workforce in all parts of the UK and added that Cosla was working with councils to address workforce planning issues.

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

QED. The drop in Cranswick's share price from their association with this story has simply presented a buying opportunity. I expect the share price to rebound sharply as soon as the market realises Cranswick had nothing to do with it, whatsoever.

le mass du pap
19/8/2007
14:11
From The Scotsman...........

Cranswick Country Foods, one supplier to the delis, said yesterday it was working with environmental health officers.

Adam Couch, a spokesman for the firm, said: "We're not the exclusive supplier of deli meats to Morrisons, but we do supply the chain with a wide range of products for delis.

"We've been co-operating with the local environmental health officers, and we've carried out rigorous microbiological tests. We're satisfied with all our records but we'll assist Morrisons with the investigation."

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

.....that last bit is the key! They are satisfied that they are not the source. The records will be those from the original product testing laboratory and also factory swabs which clearly conclude that all the meat they have sent to Morrisons was perfectly safe at the point it left the factory.

le mass du pap
17/8/2007
19:53
It's worth adding that once the meat arrives at Morrisons it is then unpacked by clean/unclean hands, put on a clean/unclean surface, sliced on a clean/unclean slicer, put in clean/unclean trays, wrapped in clean/unclean wrapping by clean/unclean hands etc, etc, etc.......all by people with virtually no qualifications or idea of food safety!

Factories like Cranswick, that achieve such high standards of food safety, are swabbed to within an inch of their lives. No way did this originate there! Also take note of the fact that Morrison's themsleves are the source of all news coming out at present. Their PR machine is in full swing! They'll probably drag it out for a while by blaming everyone under the sun until public interest in the story receded. At that point they will be prepared to take the hit as it will have minimum impact on their business.

le mass du pap
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