Cranswick Share Discussion Threads

[mida5] 18/3/2011 15:52

recovering some value, should hopefully regain £8.50 soon

[mida5] 28/1/2011 15:51

From the MTJ magazine

Cranswick unveils new Yorkshire plant
- Published: 24 January, 2011
Sainsbury's group commercial director Mike Coupe has opened a new Cranswick production facility at Preston, East Yorkshire.

Coupe officially opened the facility by unveiling a plaque, following a tour of the new factory.

Cranswick is said to have invested £13m in the new facility, using robotic technology, to replace the original, built in the 1980s.

Livestock will be drawn to what is now Cranswick's largest processing plant from across Yorkshire. The new facility will also ensure easy access to the factory for local farmers, the company added.

Cranswick CEO Bernard Hoggarth said: "After three years of planning and construction, it's fantastic that the new facility is now complete and that Mike Coupe could join us for the official opening. This was the final stage in the development plan and I'm happy that we continue to offer a highly efficient operation at Cranswick to local pig producers and that this considerable investment ensures the highest levels of animal welfare going forward."

[mida5] 27/1/2011 21:08

A fantastic company, which sells pork products to all the major retailers. Which is unique in the meat trade.

[thorpematt] 16/11/2010 11:38

shuisky
- Fair commentry indeed. There is school of thought tho' that says that sausages are cheap form of meat and therefore food inflation + recession may be good for CWK.

Also this morning:
I note that PG have upgraded to a 900p target. For me the chart is significant here though because even I can see that we have support at 800 and resistance @900p.

Arguably if it goes through 900p - we could see greater rises. Meanwhile the FTSE looks set for a little re-trace perhaps?

Long term, this is the sort of stock Warren Buffet would love - so I think a comfortable investment.

[shuisky] 16/11/2010 10:06

I would urge caution here.

In Feb 08 they gave a warning after commodity price inflation..



Here are where wheat prices are now...



Their end markets will be better off this time around, so they will find it easier to pass on costs. Nevertheless, I am not a buyer until the market prices this in.

[m.t.glass] 15/11/2010 11:56

(added to updated header)

[stevemarkus] 15/11/2010 11:00

Yes, I agree. P/E of 10, debt decreasing rapidly, generating cash in volume. Nice!

Steve.

[thorpematt] 15/11/2010 10:52

Nice results this morning - looks oversold to me

[shuisky] 05/10/2010 11:00

No mention of rising wheat and softs prices in the latest trading update.

I wouldn't buy in here until it has been mentioned. The market usually over reacts and you might get an entry point.

[thorpematt] 14/9/2010 18:18

Thanks Nellie - 940p looks good to me, looks a little oversold IMO

[nellie1973] 14/9/2010 18:13

Broker upgrade-BUY

[stevemarkus] 12/8/2010 09:18

No, agreed, but it's the only cause that I could think of at the time!

Steve.

[m.t.glass] 11/8/2010 14:19

steve - such issues have an effect - but not this particular effect. Whatever it was appears to have done no ongoing harm - except stoplossing me out of a spreadbet that I pay the spread on reopening!

[stevemarkus] 11/8/2010 09:10

Possibly the price of wheat and other foodstuffs that pigs might like to eat?

Don't know, just speculating.
Cheers,
Steve.

[deekrivers] 10/8/2010 16:38

Hi MT, no not seen anything, its come back from 900 where its met resistance before

[dnfa1975] 10/8/2010 10:07

do the pig feed linked to wheat prices

[m.t.glass] 10/8/2010 10:06

I was having a quick look around just now to see what spooked CWK shares, and stumbled across a couple of positive items:



and:




- but still not spotted the cause of this morning's dip. Any info anyone?

[deekrivers] 17/7/2010 14:20

My work has had dealings with Cranswick recently and they are exceptionally busy and out growing current facilities.

[yf23_1] 16/7/2010 11:22

"It's what they are buying that matters, not your view or mine on whether they should or shouldn't."

Precisely my point.

[m.t.glass] 16/7/2010 10:25

Establishing 881p as a new floor would be good.

[cambium] 16/7/2010 09:07

remember those £10 days MT? might be coming back again

[m.t.glass] 16/7/2010 08:20

But surely you are one of the public??

'The public' are Cranswick's customer base. Can't ignore them. Their habits determine Cranswick's fortunes. It's what they are buying that matters, not your view or mine on whether they should or shouldn't.

[yf23_1] 16/7/2010 00:31

don't ascribe too much to the public, they're usually not the brightest, although they are easily susceptible to being manipulated by advertising.