Crawshaw Share Discussion Threads

[bprofit] 18/5/2017 19:40

2 sisters investing in ready meals plant, I guess this is where the crawshaws waste will be sent..

hxxp://www.foodbev.com/news/2-sisters-food-group-invests-10m-in-upgrade-to-ready-meals-plant/

[playful] 16/5/2017 18:17

Feature on BBC regional news this morning about banning A Boards outside shops and guess who's A Board they zoomed in on :0)

[sefton1] 12/5/2017 10:03

Are ye going to the AGM Davidosh?

[tadders2] 11/5/2017 15:11

Sorry ...the meeting in London

[playful] 11/5/2017 14:34

AGM is next month June 28

[tadders2] 11/5/2017 13:25

Was anybody at the AGM?

[playful] 10/5/2017 13:20

We are a Northern company and according to our website the company solicitors are Atticus Legal LLP in Manchester so I've no idea why it's been arranged in London early on a morning.

Also where is the Annual Report? They only have two weeks to publish so they better get their skates on.

Edit

The circular tells us the company solicitors are now Stephenson Harwood LLP so we seem to have suddenly changed them very recently but this has not yet been reflected on our website.

[davidosh] 10/5/2017 11:34

Were you hoping to come Tiger ?? I feel the same about meetings anywhere in the country before 11am but London generally gives most a chance to get there due to transport links.

[castleford tiger] 10/5/2017 07:59

I hate northern companies holding early morning meetings in the City. Not before 12 noon gives you a chance without paying a fortune for an early morning ticket
tiger

[playful] 09/5/2017 18:57

It's going to be a struggle for most getting down for a 10am London meeting.

No mention of Noels option package in the final results but its detailed as...
Grant of options over Ordinary Shares up to the higher of 5% of market cap or £2,000,000 in today's circular.

A teenager asking for free chicken nuggets has become the most retweeted tweet of all time



Just shows you...

[playful] 06/5/2017 21:51

Well spotted mcmather!

Doncaster competition on the horizon...

[mcmather] 05/5/2017 22:51

New store coming soon.

FRESH MEAT FACTORY SHOP

Crawshaws, the UK's Largest Independent Butchers is opening soon at Crystal Peaks.

[playful] 05/5/2017 13:27

They have stumbled onto something interesting...

Furthermore, we have recently introduced a new store trial of a £4.99 value pack under the umbrella of “once it’s gone, it’s gone” concept

It's a good call to action and will probably see positive results if the meat trays are big enough to attract attention.

[27ben] 02/5/2017 11:04

Schroders > 10% usually take an activist stance!

[analyst] 29/4/2017 14:52

If the share price is 40p for a week in the appropriate period and the warrant option is exercised overnight, what would be the opening price the next morning? Should we sell on that 5th day at 40p to avoid a drop? Is this right?...

45,436,069 warrants injecting 15.2p each adds £6,906,282 to the capital value.

The prior number of shares was 113,025,049 including the 33,794,490 new shares just issuing now, a total value at 40p of £45,210,020.

Total shares after exercise: 158,461,118. Total value £52,116,302. Share price after exercise 32.889p.

[playful] 28/4/2017 20:01

Funnily enough Colin Crawshaw mentioned pizzas during a AGM years ago..a man ahead of his time

[briangeeee] 28/4/2017 19:34

The meat market is competitive, and nothing much has changed in relation to that by Crawshaws being 30% owned by 2S. Of course they'll talk about the benefits of the 2S relationship, but that won't have changed much. They might even indicate that CoG has reduced, but this is all part of the illusion. 2S sell pizzas - imagine the possibilities....... Crawshaws could now sell 2S range of pizzas! ...... Like they couldn't sell pizzas previously?!

What HAS changed is that Crawshaws were previously an independent, competing with the large multiples. Now, a large supplier to the multiples is venturing into competing directly with his main customers. I wonder how that will go?! :-)

How long it will take for the multiple supplier to experience difficulty in other areas? Vertically integrating is fine in some cases, but not when there's a very visible issue of suppliers competing with main customers.

[playful] 28/4/2017 19:00

The worrying aspect is a death by a thousand cuts into the brand & for that matter shareholder value.

I can see "Chicken King" above our shops already, Crawshaws have been going since 1954 is Noel the type of person to allow this to happen?

Will he actually have a choice...

I don't doubt Chicken King will be a success but just like Ray Kroc they will push the original shareholders out the door.

[5richo] 28/4/2017 18:22

LOL Absolutely no chance of them opening ten factory outlets next year, not enough experienced staff to run existing business and on top of that you've got 2sisters dumping there seconds into the shops, I can only see Food safety issues and making national press for all the wrong reasons

[gengulphus] 28/4/2017 18:03

It is a very good deal for Crawshaws and a very good deal for 2S....that is how you want a partnership to work.

Quite possibly, but is it a good deal for us as current Crawshaw shareholders?

I think not, because if it results in the share price rising above 40p, the option gets used and we have a 50% shareholder in effective control - a shareholder who has considerably more financial muscle than us and can force us out (see Tesco's takeover of Dobbies Garden Centres around a decade ago for one method of doing it).

And if it doesn't result in the share price rising above 40p, well, that isn't all that good for us, is it? I.e. a sort of heads-you-win-tails-I-lose situation... It's not purely such a situation, of course - a rise to 40p would produce a decent profit, and there are scenarios where more is possible, e.g. if it rises higher than 40p within the next year, before the option can be exercised, or doesn't rise to over 40p until after more than 2 years, so that the option can never be exercised. But it's enough of one to affect the risk/reward balance (as I see it) in a major way.

And on top of that, this is the second time in my ownership period (since the end of 2013) that Crawshaws management have demonstrated their willingness to dilute existing shareholders in a major way, the first being the July 2014 placing. That casts further doubt on the reward side of that balance.

Anyway, the net result is that I'm out, no longer fancying the risk/reward balance. Specifically, I sold a third of my holding on Wednesday and the remaining two thirds went yesterday. I'm not sorry to have been invested - I've taken a bit over 25% more out from Crawshaws in sales proceeds (some top-slices in 2014 and 2015 as well as this final sale) and dividends than I put in. But the last year or so has not been a good one for the company, and even if things improve markedly from here on for the company, I no longer fancy the prospects from here for myself as a shareholder in the company.

Gengulphus

[castleford tiger] 28/4/2017 17:45

davidosh
surprised its not more.
The retail high street shops do 12/20k.
My target for a meat outlet would be 40k or 2 million.

Expensive stuff its not like selling Fruit and Veg

Tiger

[mcmather] 28/4/2017 17:41

The business / concept will thrive; even the supermarkets cant compete with the variety offered by CRAW. The big question is what happens post the T&Cs of the warrants being triggered.

[davidosh] 28/4/2017 17:29

From the presentation yesterday....Gorton and West Brom factory shops are currently averaging £24k sales per week so nearly £1.25m a year each in sales. They are going to aim for opening ten next year