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Crawshaw Share Discussion Threads
Showing 5401 to 5423 of 5425 messages
|From the Yorkshire Post story.....2 Sisters has been in a quandary about what to do with its excess produce. This is quality stuff and it needs a guaranteed factory outlet to sell its leftovers. The meat producer typically produces 103 to 105 per cent of what it needs so if say Tesco decided it wants to do a bumper weekend of chicken drumsticks, 2 Sisters can fulfil that order.
Some weeks the produce simply isn’t needed by 2 Sister’s valued clients so the firm is left with top quality product that the supermarkets don’t want. Instead of going to waste, Crawshaw can put it on the shelves quickly, offering customers quality product at the lowest possible prices.
Analysts have likened the deal to the new consumer passion for wonky vegetables. Tesco may want to sell chicken breasts that weigh between 160g and 190g so consumers can buy similar sized portions. Crawshaw will take the chicken breasts that weigh 150g and 200g that the supermarkets don’t want. It’s a win-win situation. Crawshaw’s customers will benefit from an expanded range of quality meat at competitive prices and 2 Sisters has an outlet that will take what it gets.|
|In Blackfriar’s 20 or so years as a financial journalist, this is the first time he’s seen a part offer for a company made at half the previous night’s closing price.
Crawshaw said the price reflected its share price at the time the deal was hammered out last month. It’s a gentlemen’s agreement.
|fft, I wish IG had phoned me earlier. The number of times I've tried to short through IG (including this morning) and found them unborrowable. Wonder who people here were shorting with.
If IG are running their own book, rather than hedge to market, doesn't that make shorts vulnerable to being called-in if the longs close? So much for direct market access.|
|some whoppers being told in here lol|
|Crawshaws are growing so the supply of residual meat not the 'spot' market is what I was talking about. Crawshaws have done a deal with effectively the largest supplier of residual meat and to do the deal Two Sisters saw the benefit of having a large stake in Crawshaws and building out the factory store concept.
I will leave it to the directors to explain tomorrow why it had to be 50/50.|
|Davidosh, what a ridiculous thing to say that in order to get security of supply they need to split the company 50/50? What tosh. They could have done a deal with any number of suppliers, without any dilution. Further meat costs are obviously on the up, both because of ££ inflation, brexit and they are already buying much of the 2ndry market. As a low cost/value player, they will either have to put up prices (and lose the USP) and or accept an even lower margin.
Too far too fast. Much better as a smaller chain of shops making a reasonable return and under the radar. No wonder the main man (Rose) is off.|
|Just to back up Davidosh, a couple of hours ago IG Markets (the CFD side) rang me up to ask if I was interested in shorting CRAW as they had some clients who were interested in going very long. IG wanted to keep their book as level as possible and I was picked up as someone who may want some of the other side.
Fundamental wise, I have very little idea as to what the future holds. Given the state it had got itself into, there are definitely pluses and minuses to the deal (and to opening a short !).|
|Two Sisters - a company who managed a loss of £1.4m on £3.12 billion of sales...
No wonder they like CRAW - similar margins!|
|so from a 7%+ to -15.7% is not a stampede?
Your broker told you, big buyers are around "cough". can they tell you tomorrow price too?|
check your facts
|Yes..I think it is quite promising.|
|I do not think there will be a stampede at all as I have already been told by my broker that there are big buyers out there and Crawshaws are meeting lots of institutions and my group of investors today through to Friday and possibly on through the coming weeks.
As for looking closely at the deal I totally see the logic for the effective partnership arrangement and to work properly it needs to have a 50/50 split. Crawshaws did really well a few years ago when it was smaller and had access to plentiful supply of residual meat but that dried up or was not sufficient any more as we grew but clearly Two Sisters can give us sufficient supply. Supply and at a lower cost or guaranteed price with the Euro fluctuation being a headache has now been solved even if we opened 20 factory stores every year for the next three years.... and we now have the cash again to do any roll out as required. There will also be a number of current Two Sisters stores and factory operations that can become Crawshaw branded so increasing our estate.
I suspect a deal was struck when the share price was lower and it has been a question of sorting out the formalities. If a deal is worth doing for the benefit of the supply chain and the roll out success and can increase profitability significantly more than the dilution affect then I am all for it.|
|Dilution at 15p.
C'mon this is heading to 10p now.|
|Stampede coming in the last 30mins.
Sub 20p tomorrow morning, I say.
Good luck all genuine shorters|
|Well it would be bust other wise,upside limitd only be used to sell his chickens out at higher price|
|i will have to borrow money from Wonga to average at 15p here:(|
disaster no shit paper left
|Look back at the last 6months comments here no wonder he had to pull a rabbit out of the hat .at least the rabbit is fresh and not past its sell buy date.|
|This was desperation|
|Glad I sold this morning, this will probably drift down to 15p in the coming days..|
|If it is a bail out at least some value is preserved for shareholders. If it had gone bust there would be nothing left. The buyer gets an income from possible waste so there is a mutual benefit.all depends if we are fixed to them as a sole supplier going forward .if they hadn't made this announcement today the market would have marked the shares down and moaned a rights issue was needed and company short of cash and no future growth !|
|htg, the 40p is an illusion. They could have picked any number, and it's just there to give holders hope and encourage a positive vote. The reality is the issuance at 15p.|
|sounds like a desperate bail out.|