Crawshaw Share Discussion Threads

[davidosh] 15/7/2016 04:53

Buffy....I think Noel had already experienced working for a very big company and wanted to create something from a very small start and build it into a big company and to have an appropriate sized stake in it. Lidl was a German family controlled European giant and he could not have any stake at all.

Hydrus.....I did not try to close you down at all. I was merely showing that there may be a good reason why the investment by the CEO which you want to see is not being made at this current time. There are often differing views on BBs and I enjoy reading them.

[hydrus] 14/7/2016 19:07

Davidosh I am quite entitled to raise a point without being shut down completely. These bulletin boards should not just be for cheerleading - I understand you are an experienced investor so would have expected more from you. I disagree about eggs in one basket, as someone who has a highly concentrated approach to investing. I look for companies that have significant ownership by the management team. Now as Noel has been bought in recently that is obviously difficult. However nothing to stop him buying some shares. I am happy with my investment here and believe the future is promising. I simply suggested that it would be reassuring if the CE decided to buy some shares. Please just accept that we have different views.

[buffythebuffoon] 14/7/2016 19:00

Crawshaws clearly are very lucky to have him; but don't kid yourself for one second that he's doing it for anyone other than himself. Nothing wrong with that of course, but he'd have taken one of the 'big' jobs he's been offered if it suited him.

Buffy

[davidosh] 14/7/2016 18:57

Hydrus....As an investor you would not want all your eggs in one basket so why are you demanding Noel puts all his into one !?

Noel is already fully invested here IMO and if he does have any spare cash then it is up to him to invest wherever he wishes and that may not necessarily be into shares in any company.

Many of us here have met Noel. I suspect you have not done so already. If you can show me a better management team and indeed board including Richard Rose in any company below £250m market cap then I will ask you to compare the return for shareholders over the last two years. Crawshaws and Noel and the team win hands down.

This is not the time or place for complaints.

[tadders2] 14/7/2016 18:05

Davidosh is right Noel has invested himself into the company. I was at the AGM and he told me that he had been offered big posts at the four big supermarket chains. We are very lucky to have him. In my opinion he is at the top of his game.

[hydrus] 14/7/2016 17:36

I accept your points Davidosh but if I was a CE of a company that I knew was on to a sure thing buying shares would be a dead cert as I'd know I'd make money. Why wouldn't you? He must be able to save money from his generous salary so surely it should go into buying shares rather than sitting in a savings account earning diddly squat. Owner operator model is IMO a very important for a listed company. Anyway we are where we are and one has to hope he continues to act fully in best interests of shareholders.

[davidosh] 14/7/2016 17:27

Hydrus...Be reasonable. Noel is still very young and was under 40 and with a very large family of under 16 children when he gave up an extremely well paid and secure job as head of Lidl UK to take on his role at Crawshaws.

Crawshaws were barely known on the high street and he probably had to accept a much lower basic salary but was happy to take the option of shares in the future so long as he delivers for shareholders.

On top of that you want him to spend his taxable income on shares just to prove he is aligned with investors !!

I think he has invested a much more significant part of his life, career and future into Crawshaws and having met him three times I am so pleased he made that decision. He is totally driven and dedicated and you can take my word for that.

[value king] 14/7/2016 16:46

It feels like these are ready to really come good soon with that director buy increasing my confidence even more. New highs very soon?

[hydrus] 14/7/2016 16:10

Playful - when you say it went down like a lead balloon, did it appear as if the thought had not even crossed his mind? I am still not entirely happy he hasn't bought shares tbh as if he did it would mean his interests are more closely aligned to shareholders.

[janeann] 14/7/2016 16:08

no small purchase either .....
Crawshaw Group Plc ("Crawshaw" or the "Company"), announces that it was notified today by Ken McMeikan (Non-Executive Director) that his wife Melanie McMeikan purchased on the same day 180,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at a price of 83p each. Following this purchase, Ken McMeikan has a beneficial interest in 180,000 Ordinary Shares representing 0.23% of the Company's issued share capital

[davidosh] 14/7/2016 16:07

What exactly did Ken do ?? lol

I much prefer his very sensible wife ....

[playful] 14/7/2016 15:40

Well done Ken!

I did suggest to Noel after the AGM he might like to buy some shares, but that went down like a lead balloon.

The new saving stamps and books are available now. I collected my new book earlier today from the lovely people in our Bramley shop

[mcmather] 14/7/2016 12:15

Aye; whatever happened to the good, old fashioned and nutritional jam / sugar / ketchup butties??

[mr hangman] 14/7/2016 11:46

Chicken Nibbles/Nuggets flavoured coatings, no wonder type II diabetes is on the
rise

[garbetklb] 14/7/2016 11:26

I've visited half a dozen Crawshaw shops and my impression is that they are recruiting locally. And seem to have fairly low staff turnover - although it's premature to be sure of this given the changes of the last couple of years.

Generally, the staff seem cheerful & happy to be working for the company.

[davidosh] 14/7/2016 11:08

Lots of decent size buying out there this morning. Has it been tipped or mentioned somewhere ?

Incidentally the Manchester store I went in earlier this year had chicken nibbles/nuggets in a couple of flavoured coatings which seemed to be very popular with the kids.

[optomistic] 12/7/2016 14:14

mr hangman
12 Jul'16 - 11:01 - 3935 of 3936 0 0


When we leave the EU, it will be interesting to see, where we find the staff
to man our shops, can't see our kids doing it

........................................................................

Mr hangman, maybe it's different in your area but in my town in South Yorks we have two Crawshaw's and I haven't noticed any staff that appear in looks or sound like immigrants in either shop. Yet there are plenty of them around the town, so much so it sounds like all the locals are learning a foreign language ;-)

[davidosh] 12/7/2016 11:45

Hangers.....The two Crawshaw stores that I visited had shop staff with very local accents and good knowledge of everything in the local community. The north of England has a reasonably good labour supply and the training and recruitment process is working like clockwork now IMO.

[mr hangman] 12/7/2016 11:01

When we leave the EU, it will be interesting to see, where we find the staff
to man our shops, can't see our kids doing it

[davidosh] 11/7/2016 00:21

It looks to me like they have six stores set to open within this Summer

Burnley
Kidderminster
Gorton
Southport
Bradford
Tamworth

However not necessarily in that order. At that rate maybe they can open 20 this year.

[mcmather] 10/7/2016 21:09

Think Bradford is ahead of Tamworth / Kidderminster / Gorton (Mcr)

[tadders2] 10/7/2016 19:31

I should have added...where will that be ?

[tadders2] 10/7/2016 19:28

So are we still having a celebration for the opening of the 50th store ?

[davidosh] 10/7/2016 12:34

From the summary intro on LinkedIn...It looks like the company are now aiming to open 20 this year rather than the previous 15 target....

As well as the butchers, cooks and general assistants that we are looking for to join the team, we are seeking experienced retail managers to lead the 20 stores that we will be opening in 2016. For details of the specific roles available please check our website www.crawshawbutchers.com.


For the record there have been eight new stores opened in the year to June and all were opened in the first five months of the company financial year to 31 January 2017 so 20 is certainly possible but I would expect about 16 most likely as they will not want to be opening new stores in the busy Christmas weeks or in January. That was the pattern last year.