Cranswick Share Discussion Threads

[mayzerg] 04/6/2018 16:26

hxxps://helpingthelittleguy.com/cranswick-rewarded-investors-with-a-22-dividend-increase/

[jg88721] 22/5/2018 08:24

why does this company get no love on these boards?

Another stonking report - lfl revs up 12.7%, margins up, adjusted profit before tax up 22%, eps up 19.9%. CWK have nmoved from a small net debt position to a net cash position, with record levels of capex for growth, a 20% increase in dividend, ... the highlights go on and on

a long term and very contented holder

[rick802] 25/1/2018 01:17

While 2017 brought a welcome return to profitability in the marketplace, 2018 looks set to be more challenging for pig producers on the back of rising domestic and global production.

The EU-spec SPP reached a record high of 164.75p/kg in July, following 16 months of virtually uninterrupted growth. AHDB’s average producer margin figure of +27p/kg in the third quarter of 2017 was the highest since records began.

AHDB analyst Bethan Wilkins said: “At the start of 2017, tight supplies supported prices. A similar situation in Europe, coupled to the weakness of the pound, also limited import competitiveness. Meanwhile, export demand for UK pork remained good, despite overall weaker Chinese demand.”


But prices have slipped since then, falling back to 151p/kg towards the end of the year, as supplies have become more plentiful. Abattoir unreliability has created further challenges, escalating carcase weights and adding to increasing pork supplies, Ms Wilkins added.

“The situation has shifted in recent months, and the outlook seems less buoyant for 2018,”

Read full article
hxxp://www.pig-world.co.uk/news/2018-market-outlook-some-positive-signs-but-a-challenging-year-ahead.html

so a rising gbp and spp prices could really effect profits later in year.
Your thoughts?

[davr0s] 14/11/2017 18:07

What a bizarre day - spent all morning falling and recovered good chunk pm

[bullshot1122] 14/11/2017 11:15

Definitely "out of Fashion".....BIG TIME ...& no News at the moment ...strange !!

Plenty will be needed for the Turkey Dish...buy on the Dips

[davr0s] 14/11/2017 10:01

Crikey have sausages gone out of fashion today

[grabster] 15/10/2017 10:01

It looks like the price was around 400p(?) when this thread began.
up more than sevenfold since then. It did take a long time to recover from its dips and pull past the £10 level, but congratulations to those who stuck with it, and banked dividends along the way..

[wobaguk] 12/10/2017 10:08

Short write up in Shares magazine this week, tipping growth based on competitor being in hot water and CWK sweeping up contracts. Probabaly good for a short term peak (which will probably then fall back, as tips often do), and for longer term growth if they retain this new business.

[jg88721] 23/5/2017 08:51

no divorce here, but you got a a 2 year headstart on me: I first bought in Jan 2003.

best CWK results in a while IMHO, and that big capex forecast for FY18 must be a good sign for plenty more growth to come! GLAH

[swiftascent] 23/5/2017 08:06

Here since 2001. If only hadn't had to sell some to pay for the divorce! Ouch

[jg88721] 23/5/2017 08:01

more good results for CWK. Owned these forever, and they are still delivering.
I hope there are more holders than posters!

[grabster] 11/4/2016 20:23

Been good for anyone who bought in when this thread began.

[henryatkin] 11/4/2016 14:29

The market likes todays acquisition - up 8% :-)

[tongosti] 02/1/2016 14:47

Rising share price has the last word. Look what happened to top cigarette producers over the last 15 years? They rewarded their investors in spades. No one can predict the future so we are only left with trusting the prevailing trend. GLA

[lew stules] 11/11/2015 10:24

I would be worried about the share price going forward.

The media has been covering the cancer scare on processed meats and the posh sausage brigade will be possibly considering changing their family menus to alternative healthier fare IMHO.

[bench2] 04/11/2015 12:11

I have owned this since it was called Cranswick Mill , very reluctant to sell and pay any CGT but I decided to make a small reduction last week @ £17 as I believe the recent health risks of eating too much processed meat (particularly bacon and sausages) was genuine and I see consumers reducing their consumption . A brilliantly run company but turnover growth at risk if we all cut back on proc meat .

[hannahh] 12/6/2015 09:03

If you would like to see Mark Bottomley, Finance Director, present on behalf of Cranswick, with the opportunity to ask him questions please follow the link below. The forum will be held on Wednesday 24 June from 5pm and registration is free.



Also presenting are OptiBiotix Health and Staffline.

Thanks,
The Equity Development Team

[mike740] 13/4/2015 08:10

Cranswick plc Receives Buy Rating from Investec (CWK)
Posted by Shane Hupp on Apr 9th Updated Apr 13th 2015

Cranswick plc (LON:CWK)‘s stock had its “buy” rating restated by research analysts at Investec in a report released on Thursday. They currently have a GBX 1,615 ($24.08) target price on the stock. Investec’s price target points to a potential upside of 15.36% from the company’s current price.
Cranswick plc (LON:CWK) opened at 1424.0000 on Thursday. Cranswick plc has a 52-week low of GBX 1148.4189 and a 52-week high of GBX 1499.0000. The stock’s 50-day moving average is GBX 1401.78 and its 200-day moving average is GBX 1375.48. The company’s market cap is £698.07 million.
Cranswick plc is a United Kingdom-based supplier of food products. The Company is focused on the supply of fresh and processed food to the United Kingdom food, retail, food manufacturing and food service categories. The Company provides a range of pork, gourmet sausages, cooked meats, charcuterie, hand-cured, air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.

[mike740] 12/4/2015 09:49

Cranswick
£14.13+13p
Questor says BUY
CRANSWICK [LON:CWK], Britain’s largest sausage maker, said yesterday that it had enjoyed a strong finish to the year on rising sales of fresh pork — the sort of encouraging performance that underpins why we think the shares make a good addition to any portfolio.

The FTSE 250-listed company boasts a solid balance sheet, excellent cash generation and it likes to return that cash to shareholders through regular dividend payments.
The company said that sales of pork products accelerated throughout the second half of the year. Mark Bottomley, finance director, said it was strong demand for fresh pork that really helped sales recover.
Sales of pork products during the three months to the end of March were 4pc higher than the same period a year earlier, and up from 2pc growth in the third quarter. That second half sales performance meant full-year sales were up 1pc, a steady improvement on the sluggish first-half.
Market consensus is for full-year revenue at the sausage maker to break the billion pound barrier and reach £1.01bn, giving pre-tax profits of about £57.1m, up from £54.8m a year earlier.
Cranswick is able to serve up rising profits despite fairly flat sales because it is being helped by falling costs, which are largely made up by the main ingredient in sausages which is pig meat.
Pig prices have fallen from a record high of 173p per kilogram at the end of 2013, to about 130p today. Mr Bottomley said the main reason for this was the falling price of wheat which is used for animal feed, and makes of about three quarters of the cost of rearing a pig.
Cranswick has also been taking greater control of its cost base and supply chain by expanding its pig breeding and growing facilities. The company now supplies more than 20pc of its weekly meat demand of some 50,000 pigs from its own farms in the UK.
Mr Bottomley said he expected that proportion of own meat to increase to about 30pc during the coming years.
As well as taking control of costs, the company is also trying to move into products other than just sausages that are higher profit. It has invested £25m during the past year improving its cooked meats facility. Mr Bottomley said sales of products such as pulled pork have doubled in the past year.
The acquisition of the pig farming business and investment into new production facilities saw debt levels increase at Cranswick and the company should finish with net debt at around £17m. However, with strong cash generation the debt levels are forecast to reverse to net cash of almost £5m within 12 months’ time.
The strong cash generation also means steady dividend payments for shareholders. The company is entering its 27th year of dividend increases and is expected to pay about 35p in annual dividends for the year ended March 2015, leaving shares on a 2.5pc prospective dividend yield. The dividend payments are forecast to increase by about 8pc for each of the next two years, and the payments are covered more than twice by cash and earnings.
The shares have had a quiet year so far, up just 2.4pc, which is well behind the wider FTSE 250 that has risen 9.8pc so far. The shares are trading on a forecast price-earnings ratio of 14.6 times, falling to 13.8. This looks fair given the track record, cash generation and strong balance sheet.
We think this company is a core portfolio holding as it delivers a steady profit performance and decent dividend growth.

The shares could catch up with the market for the rest of this year and a pleasant surprise around profit forecasts at the full-year results in May could spark upgrades. Buy.

[mike740] 10/4/2015 09:31

CWK Cranswick PLC

Stock is rising up towards ceiling of Up trend channel. Last high will be ultimate share price target.

[mike740] 10/4/2015 08:57

Cranswick plc Receives Buy Rating from Investec (CWK)
Posted by Shane Hupp on Apr 9th, 2015

Cranswick plc (LON:CWK)‘s stock had its “buy” rating restated by research analysts at Investec in a report released on Thursday. They currently have a GBX 1,615 ($24.08) target price on the stock. Investec’s price target points to a potential upside of 15.36% from the company’s current price.
Cranswick plc (LON:CWK) opened at 1424.0000 on Thursday. Cranswick plc has a 52-week low of GBX 1148.4189 and a 52-week high of GBX 1499.0000. The stock’s 50-day moving average is GBX 1401.78 and its 200-day moving average is GBX 1375.48. The company’s market cap is £698.07 million.
Cranswick plc is a United Kingdom-based supplier of food products. The Company is focused on the supply of fresh and processed food to the United Kingdom food, retail, food manufacturing and food service categories. The Company provides a range of pork, gourmet sausages, cooked meats, charcuterie, hand-cured, air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.

[mike740] 10/4/2015 08:33

CWK Cranswick

Questor......BUY

Cranswick shares look cheap: Cranswick, Britain’s largest sausage maker, said that it had enjoyed a strong finish to the year on rising sales of fresh pork — the sort of encouraging performance that underpins why we think the shares make a good addition to any portfolio. The FTSE 250-listed company boasts a solid balance sheet, excellent cash generation and it likes to return that cash to shareholders through regular dividend payments. Sales of pork products during the three months to the end of March were 4% higher than the same period a year earlier, and up from 2% growth in the third quarter. That second half sales performance meant full year sales were up 1%, a steady improvement on the sluggish first-half. Cranswick has also been taking greater control of its cost base and supply chain by expanding its pig breeding and growing facilities. The company now supplies more than 20% of its weekly meat demand of some 50,000 pigs from its own farms in the U.K. The acquisition of the pig farming business and investment into new production facilities saw debt levels increase at Cranswick and the company should finish with net debt at around £17 million. However, with strong cash generation the debt levels are forecast to reverse to net cash of almost £5 million within 12 months’ time. The shares have had a quiet year so far, up just 2.4%, which is well behind the wider FTSE 250 that has risen 9.8% so far. The shares are trading on a forecast price-earnings ratio of 14.6 times, falling to 13.8. This looks fair given the track record, cash generation and strong balance sheet. Cranswick at £14.13+13p Questor Says “Buy”.

[philanderer] 09/4/2015 22:59

09 Apr 15 Investec Buy tp 1615p

Reiterates


Questor share tip: Cranswick shares look cheap

Falling pork prices, accelerating sales and a solid balance sheet make the UKs largest sausage maker a buy, says Questor

[strollingmolby] 30/3/2015 12:41

Cranswick - a patient trading case study...