Cranswick Share Discussion Threads

[melanie butler] 07/5/2008 16:25

Pleased to see a revival for these shares. Good news for investors !

[paxton208] 30/4/2008 16:08

possibly time to take me money and run unless there is a predator about?

RSI looking a bit heady

[nephie] 07/4/2008 17:32

upgrades all round then

[m.t.glass] 07/4/2008 06:34

RNS Number:6943R
Cranswick PLC
07 April 2008


Cranswick plc ("Cranswick" or "the Company") - fourth quarter trading update

Cranswick anticipates that the Company's performance for the full year to 31
March 2008 will be in line with market expectations. The Company is achieving
price increases in the primary processing part of the business as supply
tightens and anticipates similar success in further product processing to offset increasing raw material costs resulting from global commodity price rises and the strong euro.

Total sales for the year were 21 per cent higher than the previous year on a
like-for-like basis with food sales 20 per cent higher and pet sales 28 per cent higher.

In the fourth quarter sales of food products increased by 20 per cent and all
product categories showed double digit growth. During the quarter the production of premium bacon was successfully consolidated into the new factory at Sherburn.
Turnover in the pet division, which accounted for 8 per cent of total Company
sales in the quarter, was up by 44 per cent due to a combination of volume gains and input cost recovery in the pet food business. Total sales in the quarter were up by 19 per cent on a like-for-like basis.

With strong market positions, well invested plants, and the progress being made
on input cost recovery, the Company is well placed to continue its successful
development.

It is intended that the preliminary results for the year ended 31 March 2008
will be announced on 19 May 2008.


Enquiries:

Paul Quade 07947 186694
CityRoad Communications 020 7248 8010

[philmiboots] 01/4/2008 07:23

This doesn't help......

Sausage a day can increase bowel cancer risk

Eating one sausage or three rashers of bacon a day can increase the risk of bowel cancer by a fifth, a medical expert has said.

[farmsted] 01/4/2008 07:17

No News as yet and we still go down

[riskblue] 10/3/2008 16:35

Not sure, but a very sudden and unexpected (by me) move. Suggests news of some description.

[bigbigdave] 10/3/2008 16:30

Whats going on here then?

[roccoco] 10/2/2008 16:03

Who else can CWK supply appart from major supermarkets?

[cockneyrebel] 10/2/2008 12:01

Limited supply means that supermarkets can't continuously squeeze suppliers. It's like milk - I works for a while but eventually the market price prevails when the supermarkets can't get enough of the product.

CWK have been through these squeezes before as with many food suppliers. Needs a bit of consolidation, CWK to start supplying other sources and not so reliant on the majoor players and then the market price starts to prevail again.

Might be 6-12 months hardship here with the shareprice being stagnant for 6 months or so but the market price and supply/demand will eventually be back in CWK's favour imo.

CR

[roccoco] 10/2/2008 10:38

Martin Davey, Bernard hogarth etc are tough Yorkshire nuts who have built a smart business with good margins. However, they are up against some real ruthless b....... in the form of supermarkets. The contracts are so big that T and S can tell CWK to get stuffed, they know that CWK cannot walk away. T and S know the CWK margins and just squeeze them. This is the problem when you are a public company, everybody knows your margins. The pig industry in UK and EU is in meltdown. World grain prices have risen 96% in twelve months and are now in pannick mode. Pig prices are the same as 12 months ago. CWK is facing the abyss. Pig meat is about to double in price and become as scarce as hens teeth. Their business is dependant on volume.If they have half volume they still have same fixed overheads. They have been blaming meat price increases but these are yet to hit. Their sandwich business has been hit by high bread prices but there is still a lot more to come. Bird seed is a winner because old ladies will pay anything to keep the bird table full. FOOD is going to become more important than OIL. China will soon have food riots and serious unrest. The wheel is going to fall off the China machine in the next 18 months. World food shortages are here to stay. Farmland in UK is set to go to £15,000 per acre. Interesting times. The blood from the abattoir is going to spread to CWK. The good times have gone.Directors buying stock at these levels (admittedly not large amounts) are whistling in the wind but the market will eventually decide the price for this one.

[melanie butler] 06/2/2008 12:58

Bought more stock - at this price why not. I know its a good breed and even if I am in it for the long haul they will be good to me and get back to their peak.

[idioterna] 05/2/2008 19:02

'kin 'eck... don't think there is anything left in my portfolio that isn't down 20% or more this year.

[bench2] 05/2/2008 18:35

This is a much loved stock and like Severfield Rowen heavily owned by the growth and momentum mid cap OEICS and Inv Trusts. If you can take a 12-18 month view buying CWK at 560p ( down from £10 ) will be very rewarding . The price action of all stocks where the board warns of even a slight slowdown is convincing proof that we are in a genuine bone crunching bear market , director buying after the fall is totally ignored . The "tall poppies" will all be cut down to size. Only extremely cheap stocks with superb balance sheets selling well below Tangible net asset value and offering a rock solid un-cuttable yield will get you through this market.

[bigbigdave] 01/2/2008 08:14

Thats the problem in this market, one hint of negativity and bang, down it goes.

[iglet] 01/2/2008 08:03

But got hammered! Hopefully will pick up during the day though!

[idioterna] 01/2/2008 07:50

Decent set of figures and given the uncertainty in the rest of the market, they have defensive qualities, all in all, not a bad place to be. Certainly outpewrforming DVO.

[cockneyrebel] 03/1/2008 15:17

Getting ready to breakout ahead of Q3 trading statement imo.

CR

[cockneyrebel] 28/12/2007 12:02

just grabbed another 1K.

These have a Q3 trading statement in Jan.

CR

[cockneyrebel] 13/12/2007 08:11

DVO Doing well, stronger recently - if sausage skins are selling then so are sausages!

CR

[cockneyrebel] 11/12/2007 15:47

Meat and two veg pointing north today I see.

CR

[bigbigdave] 30/11/2007 16:46

Finally nibbled a few sausages just before the close 8-)

[cambium] 30/11/2007 10:21

yep sizzling today

[cockneyrebel] 29/11/2007 16:08

Chart breakout Cambium.

After going xd yesterday too - reckon these are on the top list of buys for many now the market is settling.

CR