Crawshaw Share Discussion Threads

[celeritas] 23/4/2015 09:17

Ebitda for each store was circa 70k.
Get to 200 stores doing roughly the same and Bobs your uncle.
Above is based on 22 stores, the 70k is a bit higher but it doesn't hurt to stay cautious with figures.
You are basing lfl on the current 10 weeks which were way above last year, it was always going to be hard beating them, within 4% is very good going.
LFL still up 5% over the year, every store makes a good profit, just multiply that up as Greggs do with their abundance of stores.

[salpara111] 23/4/2015 08:39

It is the negative LFL sales that is hitting them.
I have been watching this one for a while but did not invest earlier in the year when they announced negative LFL.
I will keep them on my monitor but until I see that critical metric go positive again I won't invest.

[celeritas] 23/4/2015 08:28

Just pi's jumping as usual, all stores are profitable, it just a matter of time before it's scaled up.
I'll be adding once the fickle brigade have gone.

[fozzie] 23/4/2015 08:24

· Total Group Sales for the year up 17% to £24.6m (2014: £21.0m)

· Full year like for like sales up 5% (2014: 11%)

"awful results going the wrong way" - Hmm that's an interesting take on these results az4hr. This is an investment, it's going to take some time to find the sites and get them through to opening. The acquisition helps but this is a medium term project. Everything is in place to roll out to 200 stores. I realise it's very unfashionable to be buying a share intending to hold for a few years but this is just that imo.

[az4hr] 23/4/2015 08:19

Why can't I buy a decent stock for a change

[az4hr] 23/4/2015 08:18

What awful results going in the wrong direction

[shanklin] 23/4/2015 07:58

Worth noting that this TMF post indicates that CRAW will be at the Mello Peterborough event which starts today.



Perhaps they will hear from the new CE.

[celeritas] 23/4/2015 07:31

Excellent, just keep doing the same as more stores are opened.

[skinny] 23/4/2015 07:05

Results highlights for the year to 31st January 2015.

· Total Group Sales for the year up 17% to £24.6m (2014: £21.0m)

· Full year like for like sales up 5% (2014: 11%)

· EBITDA up 15% to £1.6m (2014: £1.4m)

· Adjusted EBITDA* up 30% to £1.8m (2014: £1.4m)

· Profit before tax £1.2m (2014: £1.0m)

· Net cash £9.1m (2014: £1.0m)

· Earnings per share lower at 1.30p (2014: 1.42p) as a result of the share placing in the year

· LFL sales first 10 weeks of current year down 4% (2014: +19%) with good outlook for the year ahead

more...

"Dividend
The Board is delighted to propose the payment of a final dividend of 0.47 pence per share, which together with the interim dividend of 0.10 pence per share, paid on 31st October 2014, takes the total dividend for the year to 0.57 pence per share, an increase of 10% (2014: 0.52 pence per share). Shareholder approval will be sought at the Annual General Meeting, to be held on 23rd June 2015, to pay the final dividend on 31st July 2015 to shareholders on the register on 3rd July 2015. The ex-dividend date will be 2nd July 2015. As last year, shareholders will have the opportunity to elect to reinvest their cash dividend and purchase existing shares in the Company through a Dividend Reinvestment Plan ('DRIP')."

[playful] 22/4/2015 09:07

You usually see their results come out on a Tuesday or Thursday.

[celeritas] 22/4/2015 08:54

L2 3vs1 with the next mm on 58p.

[celeritas] 21/4/2015 15:34

Craw tend to release early in a week, I was thinking Monday.

[shanklin] 21/4/2015 15:13

This week I think.

[celeritas] 21/4/2015 15:02

Results that are ahead will be published soon (week or so) plus there's always the possibility of more store openings any day

[gucci] 21/4/2015 14:56

perking up

[celeritas] 17/4/2015 10:29

Only a matter of time before more stores are added, another 10 store deal should see the share price hit 70p.

I've seen a good few targets for them, well run butchers that have been going for donkeys years all in the same vein as Craw. Nice, clean tidy shops where you want to buy your products. At a weekend you have to queue at the best stores even though they have plenty of staff.
Shopping habits have completely changed now, it used to be get a big shop to last the whole week, now I do see big shops but not like it used to be. People are deciding maybe 2 days in front and doing it much smaller shops, also people are keen to save hence the proliferation of Aldi and Lidl.

Barbie season is approaching, great for butchers and I'm sure Craw will lay on barbie deals.

I'm looking forward to the new CEO's statement in the results due in a couple of weeks. Materially higher plus the forward looking statement on store openings.

[celeritas] 15/4/2015 20:47

Is that the same dewhurst who had 440m of group debt. As with all shop jobs your staff are important. I'm sure the new CEO knows what he is doing.

Shrinkage: All retailers are exposed to customer and employee theft. The Group has a zero tolerance to theft and we continually review internal systems and controls. We maximise the use of CCTV surveillance in store and aim to prosecute where relevant.

[penciles2] 15/4/2015 20:10

Meat and money don't mix,seen it many times before.dewhurst failed badly and many more before.hardest thing in this game is to get good honest staff.not many proper butchers left anymore.

[celeritas] 15/4/2015 20:05

Look at Greggs for what the metrics and economies of scale have done for the company. If all goes to plan here I don't see why Craw can't emulate them. This should be paying a 10p divi in a few years.

[az4hr] 15/4/2015 19:46

blatant insider trading 20% up with no news and then down 2% on good news

[battlebus2] 15/4/2015 18:51

A bit optimistic as the 55p would have some of the store openings priced in, but i agree these should go a lot higher.

I only hold a very small amount of these now but said i would reassess when the new stores begin to open so looking a little closer now.

[celeritas] 15/4/2015 18:44

If 33 stores are enough for a 55p then 200 should equate to around 330p. A bit simple but a perfectly viable metric.

[battlebus2] 15/4/2015 18:37

Indeed that's why i said run as it makes absolutely no sense to sell now.