Cranswick Share Discussion Threads

[idioterna] 16/2/2004 16:06

Sorry, can't get the Business over here. But some pretty confident buying so somebody said something nice.

[mcbslea] 15/2/2004 13:36

i understand that there is an article in "the business" sunday paper, saying that the recent problems should only be temporary ones, and they recommend the stock!! anyone read it/any comments on it??

[mcbslea] 13/2/2004 18:07

i agree, don't worry too much, probably natural profit taking, after such a relatively quick rise. things will hopefully revert northwards again next week.

[c lau] 13/2/2004 18:05

Not too worry about the small sell. Citywire tip had a positive comment on this one.

[idioterna] 13/2/2004 11:07

Blimey, looks like an entire flock of small stakeholders upped and left this morning. I've no idea why. The volumes tiny but it seems like a strange coincidence that so many smallholders should decide to lock in profits similtaneously. MMs must be loving it.

[idioterna] 11/2/2004 14:30

Should definitely see £4+ by the end of the month.
Happy Idiot ;-)

[danny murphy] 11/2/2004 14:21

376p nudging up nicely now. There is no reason why it should not top £4.00 within a few days.

[mcbslea] 11/2/2004 11:51

looking for 12 times projected earnings per share (35p) i.e. £4.20!! heres hoping & i see they're up a bit more this mrning.

dyor

[idioterna] 09/2/2004 23:27

No reason for anymore downside. Only question is how far we're going to rise. This could be another DVO. Looking for something like 30% this year. Can't see anything more attractive in the sector until then.

[danny murphy] 09/2/2004 16:54

Like I said on 6 Feb when the price was around 345p the share price should start to fly now. Well it's certainly off the runway now and gathering momentum all the time.

I see no downside to this share.

[idioterna] 09/2/2004 10:28

Looks like £4 is indeed just a couple of days away. I'm not buying anymore just yet, but once there is a bit of rotation out of tech & telecom you might see these getting rather popular.

[c lau] 09/2/2004 08:05

Citywire: 06/02/04

The food group said third quarter trading was in line with management's expectations with sales increasing 11% on a like for like basis to £70 million, of which £5.2 million was attributable to The Sandwich Factory, the culprit behind the November warning.


In the core food business comparable sales were up 12% led by strong growth in fresh meat, sausage and continental products, which suggests the group has been successful in winning new business.


Agribusiness grew by 5%, which given the challenges is not bad, but it is unlikely to get any better. Agribusiness accounts for a little more than 20% of turnover but much less in terms of profit.


The pet division, which includes feed, aquatics and small animals, remains a minor part of the business but is growing fast: a rate of 63% in the third quarter. A new £5 million production facility should open in November and will allow for the closure of the two existing feed sites and generate a further £700,000 of annual savings.


The company is also building a new sausage factory in Hull, which means a fair bit of capital expenditure this year and higher debt in the short term, but equally, it provides the additional capacity and operational efficiencies.


Citywire Verdict: Cranswick has a very strong management team and a decent track record. One hiccup in the sandwich department should not blot the copy book unnecessarily. The shares have been punished enough and on a rating of 9 times earnings and net dividend yield of 4%, offer good value.


We were cautious after the warning but believe there is sufficient progress in today's trading statement to put the shares back on the buy list.

[c lau] 08/2/2004 21:31

£4 pounds is just a matter of days, not weeks....

[idioterna] 08/2/2004 11:07

mcbslea - must agree with the low p/e relative to sector. Dvo (another holding) is up to 14 now so there's quite a way for this one to go.

[mcbslea] 06/2/2004 15:02

i think these could be a good buy! with forecast earnings in the region of 35 - 38p over the next two years, and with a sector average of 12xp/e, then these could well head north of £4+. at this level they could also be the target of a predator!!! here's hoping & dyor.

[idioterna] 06/2/2004 14:00

Agree with Mongrol, but this "gradual increase" will hopefully see us through £4 this year. They've stopped the rot at last so no news was good news. I hope they'll maintain or increase the dividend.

[mongrol] 06/2/2004 08:22

Unlikely. The statement is reasonably positive but the agribusiness continues to lose sales forcing the other business to make up the shortfall. Its much as expected. Not going to set the world on fire but should see a gradual increase over time. Just the share I like.

[danny murphy] 06/2/2004 07:38

Trading Statement seems very positive. Share price should start to fly now!!!

[idioterna] 04/2/2004 17:42

Nice 50k buy at the close of play. Somebody reckons these are a good investment.

[danny murphy] 30/1/2004 07:14

Still no Trading Statement. I wonder if that is a bad sign!!! Hope not.

[danny murphy] 29/1/2004 16:59

Guess the Trading Statement must be tomorrow then.

[idioterna] 29/1/2004 11:20

A good trading statement today would make a very welcome 40th birthday pressie!
CWK is the only riser on my monitor at present, which makes a considerable change.

[danny murphy] 28/1/2004 18:55

Trading Statement, perhaps 29th or maybe 30th who knows. The share price certainly indicates that the Statement will be favourable. Let's hope so.

[dr darkstar] 27/1/2004 22:18

and we're off to 400 at least