Cranswick Share Discussion Threads

[volsung] 17/1/2020 17:04

Can't invest here. Meat like oil is a declining market. Nice chart tho

[fadilz] 17/1/2020 12:59

Cranswick has a fantastic long term performance (sp averaging 15% compound rate of growth over 25 years!) but I sold 2/3 of my holdings today as a precaution in case African swine fever finally arrives in UK. I will keep an eye and will definitely return once the danger passes.

[geoffh4949] 10/1/2020 19:39

What are your thoughts that the share price is being manipulated by the big Institutions/Directors as the big hitters always sell at 16 35 and then buy back after the price has been driven down?

[philanderer] 07/1/2020 17:56

Sold out today with a reasonable profit.

Luck to all holders.

[philanderer] 23/12/2019 17:55

Beijing will lower import tariffs on more than 850 products including frozen pork from next month, the finance ministry said Monday, as authorities battle a severe shortage of the meat staple.

China's pig industry has been hammered by African swine fever, which has led to the culling of more than a million animals, according to official statistics, and caused the price of pork to double.

Monday's announcement said tariffs on frozen pork will drop from 12% to eight percent from January 1.

However, Donald Trump retweeted two press reports on the tariff reduction Monday, without any additional comment, and the list includes many items that Chinese companies purchase from the US such as pork and tech goods.

Alliance News

[philanderer] 17/12/2019 20:28

Cranswick acquires premium pig farming business
17-Dec-2019

Meat processor Cranswick has acquired outdoor pig farming business Packington Pork Limited as it continues to pursue greater transparency and provenance in its supply chain.

[countryman5] 16/12/2019 21:14

Beware the pig cycle. The pig industry is renowned for bust following boom. Look at what happened at the time of BSE. Pig prices rocketed, pigs expanded and this was followed by slump. Timing on this one will be critical.

[philanderer] 11/12/2019 18:13

xd tomorrow morning for the 16.7p dividend

[philanderer] 04/12/2019 09:09

Cranswick

No disrespect intended, but Cranswick shouldn’t be doing as well as it is. This FTSE 250 company is after all a specialist in producing pork and poultry in a world where people are eating less meat and vegetarian and vegan are no longer fad words, no? Well, not quite.

Cranswick was founded in 1975 when a group of 23 farmers in East Riding, Yorkshire, came together to produce pig feed under the name Cranswick Mill. The company specialises in producing premium-end pork, bacon, gammon and chicken and sells its meats to all of the main supermarkets with the exception of Waitrose, which has its own, single supplier.

A quarter of Cranswick’s pork and all of its chicken is produced on its own farms and, while it mainly serves the UK market, it exports about 9 per cent of its produce. In an illustration of the strength of its trading, the group is investing £75 million in a new poultry processing factory in Eye, Suffolk.

And why the success? In part it’s because, while our dietary habits are changing, meat trends are nuanced. Cranswick’s predominantly white meats are healthier, cheaper and more resilient than others.

According to figures from Kantar Worldpanel, sales of chicken and pig meats rose in the year to early October, while the red meats of beef and lamb declined.

At the same time, Cranswick is more than just pork and chicken: it has a continental arm that produces delicatessen-style products including olives, cured meats and charcuterie and earlier this year it spent up to £50.5 million buying Katsouris Brothers, a London-based firm that supplies pasta, nuts, oils and dressings under the Cypressa brand.

Less fortunately, there is also African swine flu, the outbreak of which has decimated swathes of Asia’s pig population and is expected to boost Cranswick’s exports for years.

The shares, up 8p, or 0.3 per cent, to £30.98, have performed creditably well, in part driven by higher prices in China. Trading at 22 times Liberum’s forecast earnings for a dividend yield of just over 1.8 per cent, they look well valued for now, but may be worth revisiting when the factory investment has worked its way through.

ADVICE Avoid

WHY Fairly valued for a business investing heavily as diets change

[philanderer] 28/11/2019 10:41

28th nov Liberum buy tp 3500p up from 3300p

[philanderer] 27/11/2019 12:20

IC View

With the £41m acquisition of Continental and Mediterranean food supplier Katsouris and a record £56m of capital expenditure, the group has swung to a £67.2m net debt position.

Given the relative scale of the export narrative, growth hinges more on the upcoming Christmas trading period and the shift to the new poultry processing facility. With the shares trading at 20 times forecast 2021 earnings we think it wise to see if domestic conditions improve. Hold.

Last IC View: Hold, 2,900p, 22 May 2019

[philanderer] 26/11/2019 12:13

Cranswick boosted by plant-based and export potential

26-Nov-2019

Meat processor Cranswick is set to deliver further growth as a result of rising export opportunities to Asia in the wake of the African swine fever (ASF) crisis, as well as its recent move into the plant-based sector, according to experts.

article:

[philanderer] 26/11/2019 10:36

That's the key....


"African Swine Fever in our Far Eastern export markets has created the opportunity to increase sales into this region on commercially favourable terms," said Cranswick.

"We anticipate this opportunity may continue in the medium term provided the UK remains ASF free."


Alliance News

[philanderer] 26/11/2019 10:03

Solid update

26th nov Liberum buy tp 3300p
26th nov Peel Hunt hold tp 3000p up from 2900p

[philanderer] 31/10/2019 13:14

Cranswick Ballymena win at Farming Life Awards

[philanderer] 31/10/2019 10:13

'African swine fever sparks global meat shortage'

Chinese imports of pork, beef and chicken jump, driving up prices around world

[philanderer] 25/10/2019 17:29

Very poor week.

[philanderer] 20/10/2019 18:40

Kim Jong Un May Be Hiding a Hog Apocalypse From the World

[philanderer] 06/10/2019 09:20

Cranswick CEO Adam Couch on African swine fever crisis and UK group's ambitions in poultry – the just-food interview

[philanderer] 04/10/2019 13:35

British agricultural business gives Riverside the seal of approval

[philanderer] 03/10/2019 18:03

'Major sausage producer claims UK pork supply under threat'


A major sausage producer has claimed the UK's pork supply is under threat due to the ongoing African swine fever crisis affecting China.

Growing demand for the meat due to the country's disease situation, which has caused the loss of millions of pigs, is in turn creating a shortage of British pork.

China is a major pig producing country and accounts for approximately half the global population of swine, estimated at 500 million.

Such a significant demand for the meat has substantially increased exports of pork from the European Union, including the UK.

Andrew Keeble, co-founder of sausage company Heck, says, however, that high demand is affecting domestic pork supply as China continues to buy up huge quantities.