Crawshaw Share Discussion Threads

[s1zematters] 31/10/2018 18:44

Just looked at my last post here -guess what it highlights- the very thing that killed them??????????


s1zematters
26 Sep '18 - 07:45 - 6773 of 6875 Edit
0 0 0
very nice movement so far, this strategy looks in-depth well thought out and a breath of fresh air!
Unsure how 3 million cash will pull it all off but at least Jim is fighting here.


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Then the one after a few after that!

s1zematters - 31 Aug 2018 - 09:37:17 - 6679 of 6877
The obvious escape route would be to retreat to the legacy pre expansion plan profitable store numbers and keep the factory stores.
The problem with this is how can this escape of stores closures be done at a cost that does not sink the cash to dangerously low levels?
I remain open-minded on Craws chances but would not be buying back in till the mist clears.

[playful] 31/10/2018 18:06

Story will be featured on the BBC Regional news here in Yorkshire at 6:30

[bigdeal1] 31/10/2018 17:56

W.F.Burtons New website is still live, might put my Christmas order in.

[1iniesta] 31/10/2018 17:18

Unbelievable I remember opening the factory shop at Hellaby under Mr Boyd we actually had to phone upstairs so the office staff could act as security guards because it was that crazy busy.

[playful] 31/10/2018 16:55

A spokesman for the company told the Advertiser that all Crawshaw stores remained open.

He said the company was trying to find a buyer so that jobs could be saved.

[arthur_lame_stocks] 31/10/2018 16:41

I guess they'll have to join the queue with all of the other creditors.

[playful] 31/10/2018 16:35

Website now removed.

They should really keep the site online to help customers with refunds for all those Christmas hamper deposits.

[mr hangman] 31/10/2018 16:02

Not to worry, our Mello David made a good few hundred grand out of this

[owenski] 31/10/2018 15:40

I don't think their food to go concept was a go either.

Trying to make it into a Greggs with a butchery counter added, made me feel sick just thinking about it, butchery is a separate business, mixing that smell and thinking of handling raw meat is one thing and then handling and serving food to eat is another. Hideous idea. Some of those stores had low hygiene ratings too. Whole group seemed to be badly run at the end, someone deffo took their eye off the ball.

[penciles2] 31/10/2018 13:22

every one was warned many
times,i know the butchery
trade and its never worked

[optomistic] 31/10/2018 12:22

Quite so Arthur :-/

[arthur_lame_stocks] 31/10/2018 12:14

An announcement was made before Peel Hunt's exit, just not the one shareholders were hoping for.

[optomistic] 31/10/2018 12:11

Email reply from Nick on the 24th, rapid developments from that date:

Hi ----

Thanks for the email. We have the appointment of a new Nomad in hand and an announcement will be made before Peel Hunt's exit.

Thanks
Nick

[bigdeal1] 31/10/2018 12:02

“sid share: @ bigdea1 what and 4p by week after.... Plenty of Nomads would take them on but the process to accept them and do DD takes 3-4 weeks, add on 2 weeks to haggle about fees. To me timings still on schedule.”


Good guess but not quite right.

[playful] 31/10/2018 11:14

I was only in York yesterday chatting away with the manager Graham who’d been with the business 20 years. I do hope something gets salvaged from this and people like Graham and many others keep their jobs!

[castleford tiger] 31/10/2018 09:41

Anyone surprised?

posts
6661
6672
6682
6698
6700

Model was flawed had no chance.

bad luck chaps
tiger

[owenski] 31/10/2018 09:15

At 80p a couple of years back this was an overvalued business, but it was working and made a profit, they decided to hire an incompetent director who succeeded in taking something working and trashing it, big schemes and even bigger egos from a guy who was sacked for previous conduct issues?

The share price collapsed at one point from 80p to 40p, to be honest the death signal was given then, the 2S involvement wasn't some sort of salvation, it benefitted 2S to have an outlet to save costs on waste meat of questionable quality.

The time to have left this train wreck of a business was circa 40p. To blindly hold on or to think one was buying a bargain in later times was misguided. Hopefully lessons can be gleaned for unsophisticated investors to read the signs and understand businesses better. An expensive lesson maybe, but equally a good way to learn, pain always is a good teacher. Hope no one was wiped out.

Always was a bargepole stock in my view, at best it was a niche cottage industry stock and probably shouldn't have been publically listed anyway.

Maybe 2S will be handed a bargain, they still need an outlet to offload surplus stock.

[danny baker] 31/10/2018 09:04

Someone might buy the factory shops but I'd expect the high street shops will be closed fairly quickly. Market conditions in meat retailing are grim currently.

[waspfactory] 31/10/2018 09:00

I agree Dave, I wonder where he's gone? Nothing posted since 27th Sept, he was obnoxious.

[1hopefultrader] 31/10/2018 08:46

wrong board

[optomistic] 31/10/2018 08:41

" with the purpose of seeking buyers for the Group's business and assets on a going concern basis."

...any bets as to who this buyer will be?

[phowdo] 31/10/2018 08:28

> All the warning signs were there.

Indeed.
If your warning bells weren't going off when they hired a CEO who had been previously dismissed from ASDA for diddling his expenses then you probably shouldn't be investing in stocks.

[battlebus2] 31/10/2018 08:25

Terrible ending to what could’ve been. Sorry for holders and staff. Hopefully something can be salvaged.