Cranswick Share Discussion Threads

[countryman5] 07/11/2012 15:49

Company statement today expresses concern about future pig meat supplies.

[hugenoise] 26/10/2012 14:44

pig prices still going up

[spob] 23/10/2012 15:17

interesting this one


i don't see the pig cycle as a major issue here

this company has a solid record over the last 5 years


anyone seen the price of lamb or beef lately

that can only be a positive for CWK


and this company is hardly over priced

whether it is a bargain or not is another matter

but i am watching this one

and will definitely snap it up if the manipulators manage to push it down significantly from here

[countryman5] 22/10/2012 08:32

Get the inside track on pig prices AND availability, visit the NPA website.

[hugenoise] 18/10/2012 17:02

it will in deed

[danny murphy] 18/10/2012 16:32

Ok, time will tell!!

[hugenoise] 18/10/2012 14:35

price increases to supermarkets take time to implement.supermarkets are also keen to keep prices low,and expect the supplier to absorb,most of price increases.
new regulations in january will push pig prices higher,eroding margins.
i think the first few months of next year will be tough for cranswick.
so,on a 3-5 month view i think we will see these under 700p.

[danny murphy] 17/10/2012 19:52

I cannot understand your argument. The fact that there is a poor Harvest is unfortunate but no more than that. It will affect all meat products pork, beef, poultry etc so as I see it it will just neutralise the position as we we still eat meat only at a higher price. With cwk expansion and cost cutting plans it would indicate to me that cwk is a sound investment particularly for the medium term especially as they have a strong balance sheet.

With current lows of around 735p and a current Price of 773p I have a target price within 3 months of 865p

[hugenoise] 09/10/2012 09:49

first target..670p

[hugenoise] 08/10/2012 12:19

can't see any of those targets being met over the short term.
why would you buy cranswick,with the sword of damocles hanging over you?

[philanderer] 08/10/2012 09:50

Been some good calls here.

N+1 Brewin retaining 'hold' but cutting target from 902p to 778p this morning
Peel Hunt retaining 'hold' but cutting target from 800p to 750p this morning
Panmure retaining 'hold' target unchanged at 875p

[hugenoise] 08/10/2012 08:41

i see we have notice of next years profit warning.

[countryman5] 29/9/2012 09:29

The pig cycle is notorious and the next leg of the cycle will be extreme, visit npa website to view the problems of the uk pig industry. Cwk is in the firing line for a rough ride. Shareholders do your own research.

[hugenoise] 29/8/2012 15:39

i have a few short positions in these.
looking to add to shorts before next years profit warning.

[countryman5] 21/8/2012 21:17

UK wheat harvest is getting under way and yields are down 50% and bushel weights are terrible. Pig feed prices are rocketing and pig farmers are heading for the exit. Pig supplies will be short and expensive in 9 months time. This could be very serious for pig meat processors. How long before CWK share price follows the route of the Gaderene swine?

[countryman5] 03/8/2012 18:08

Article in Ft yesterday about plight and contraction in UK pig industry. This won't affect CWK trading for 8 months.

[philanderer] 25/7/2012 21:00

Good early call Countryman.

FT reporting tonight that the US drought affecting corn will make beef and pork unaffordable to many.

[countryman5] 17/7/2012 09:17

Pig cycle moving towards a severe downturn. High prices for animal feed (Wheat and soya) mean pigs are not profitable and pig farmers are quitting. 9 months time and pig meat will be scarce. CWK profits / low profits run behind the pig cycle. Keep in touch with the pig industry via NPA website. CWK is vulnerable to the pig cycle.

[exv] 21/5/2012 15:46

Blog post on Cranswick's reporting of full year results today:




Summary:
Another record net profit figure helped by a number of one offs
Significant improvement in margins in the second half of year
Still questions surrounding long term direction of margins
Essentially debt free and cheap relative to earnings (especially given long-term earnings growth) on a P/E of ~11

[philanderer] 30/1/2012 23:39

Fine numbers and brokers reacting accordingly...

30th jan Investec buy tp 830p
30th jan Numis hold tp 791p
30th jan Panmure buy tp 875p

[mida5] 30/1/2012 21:03

Excellent Q3 results today, hopefully we will soon see £8.00 plus again.

[philanderer] 16/12/2011 12:32

Out today, will keep watching.

Luck to holders

[philanderer] 12/12/2011 16:52

A few chunky trades today

138k , 2 x 56k and 25k all at 750p