Crawshaw Share Discussion Threads

[chrisis33] 08/4/2013 10:13

?? I don't own any Byotrol shares, and I'm definitely not Mudbath.

[sir leonardo] 07/4/2013 17:42

WELL WELL WELL!!!!!!!

SIR NOTES DE RAMPTASTIC CHRIS/MUDBATH ON DE BYO-TROLL BOARD!!!!!!FFS STOP

[chrisis33] 05/4/2013 19:59

Unsurprisingly, frozen burgers were the worst hit: the latest figures show that even months after the scandal, supermarket sales are still down by a whopping 45pc, while sales of frozen ready meals have gone down 18pc.

But we're not turning vegetarian, either – instead, local butchers have reaped the benefits of our rejection of cheap frozen meatstuffs.

The Associated Craft Butchers of Ireland said a survey of members found that 89pc had seen an increase in trade typically of between five and 15pc.

"This was even more pronounced in working-class areas where there was an increase in sales of 25pc," said its marketing manager Julie Cahill.

A poll they carried out of Irish consumers also revealed that 45pc had changed their meat-buying habits since the horsemeat crisis with most citing lack of trust as the reason.


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I hope there's a read-across to Crawshaws territories

[battlebus2] 05/4/2013 14:51

More selling today but it looks like we have a buyer as the price is holding firm.

[battlebus2] 05/4/2013 13:26

Thanks, not something i'd do again in a hurry :(

[chrisis33] 05/4/2013 13:14

ps. Good luck with the move! :)

[chrisis33] 05/4/2013 09:11

All helps in terms of exposure ... something this share lacks at present IMO. Hopefully we'll see some coverage on results too.

[battlebus2] 05/4/2013 08:53

Very good spot Chrisis33, great to get a mention along with the likes of Cranswick. Keep up the good work Chrisis33 as i'm making the move on Monday and as yet have no broadband, hopefully no results for another week :))

[chrisis33] 05/4/2013 07:35

Good to see analysts taking note.

Here's a business that's repaid £900K in debt over the last 2 financial reporting years, with just £840k of property backed mortgages remaining, and all set to achieve a net cash position. During this time it has also opened a new store, all from casflow with no dilution.

Market will wake up here at some point IMO.

[briangeeee] 05/4/2013 00:23

Chickens with breasts that weigh 1kg have without doubt undergone cosmetic enhancement, and should be cooked with caution.

[sir leonardo] 05/4/2013 00:09

WELL WELL WELL!!!!!

EVERY CLOUD CRISIS SIR IS ON A CLOUD WITH THAT SHORE PERSON!!!!!!FFS

SIR ARCHIE LOVES DE CHICKEN FILLETS!!!!!!

[chrisis33] 04/4/2013 23:22

However, they say that every cloud has a silver lining.

"We see a number of other companies potentially benefiting from a preference, short-term or otherwise, with respect to the UK consumer, for home produced fresh meat," said Shore's Clive Black.

"In particular, we highlight the regional butchers Crawshaw, Cranswick, which is focused on the pig meat segment, Hilton Food Group, a leading supplier for fresh meat products to Tesco and Moy Park, the leading UK poultry supplier."

Crawshaw is an interesting choice as one of the beneficiaries.

The Rotherham-based butchery chain is far from being upmarket, but the fact it can prove where it gets its meat from appeals to customers.

Crawshaw, which runs 20 butchery shops across Yorkshire, Lincolnshire, Nottinghamshire and Derbyshire, has managed to hold its head above water during the recession by offering initiatives such as £5 packs of meat.

These include chicken breasts and chicken fillets weighing almost a kilo and are drawing in cash-strapped shoppers.

Chicken sales have also held up better than lamb and prime beef products, which are considerably more expensive.

[investali] 04/4/2013 16:13

Another nibbler today, can't wait for these results.

Ali.

[investali] 04/4/2013 16:10

Another nibbler today, can't wait for these results.

Ali.

EDIT... wrong thread but i'll leave it on.

[sir leonardo] 02/4/2013 19:34

WELL WELL WELL!!!!!!!

SIR ARCHIBALD HAS FIVE FOXY SHARES!!!!!!!!FFS

PUR SAL CRAW IPSA PTO!!!!!!!!!!!!!

UP UP UP UP UP UP !!!!!!!!!!!

FOXY PORTFOLIO OF SIR ARCHIBALD LEONARDO!!!!!!!!

GET EM WHILE YOU CAN!!!!!!!!!!!

FFS BUY OR DIE!!!!!!

[sir leonardo] 02/4/2013 19:29

WELL WELL WELL!!!!!!!

FFS KNOGOL STOP NIBLING AND BITE A BIG CHUNK!!!!!!!!!!FFS

[knigel] 02/4/2013 16:08

Nibbled this morning and agree - onwards and upwards until the results at least!

[chrisis33] 02/4/2013 16:07

Indeed. Majority very tightly held ... looks to me like that bowl may be playing out. Or at least the share price may step up in the same way as it stepped down.

[battlebus2] 02/4/2013 13:53

Retrace over as we tick up to results :)) Could rise pretty sharpish if we get any volume as noone will sell so close to results imv.

[battlebus2] 02/4/2013 13:05

Yes four weeks or less.

[chrisis33] 02/4/2013 13:02

Well not too long till more newsflow in the form of results, then AGM.

[battlebus2] 02/4/2013 12:37

I know ALL of my family have stopped buying meat in the supermarkets and i don't see them changing back anytime soon.

[chrisis33] 02/4/2013 12:31

Small mention for CRAW in yesterday's financial times. Was an article about how the horsemeat scandal has not really scared investors off the big supermarkets from an investment perspective. Crawshaws was mentioned in reference to its rise from 3.6p to 4.6p and then retrace.

My thoughts on reading the article were that with many butchers reporting increased trade, the extra footfall to independents must have come from somewhere.

[investali] 30/3/2013 16:37

Chrisis33 i always maintain to truly value a share strip it right back to cash to see how strong a business model really is. This little business has a healthy cash generation of 500k which no doubt is on the increase and as you say will have funds available to it to enable some form of dividend in the absence of new store openings/acquisitions etc.

Thanks for your insight Chrisis33.

Ali.

[chrisis33] 29/3/2013 22:09

Hi Ali

Current forecast from 2nd October is for 190K GBP profit before tax for the year to Jan 2013 (which assumes an h2 peformance the same as h1), and for 300K GBP for y/e Jan 2014. This may well be upgraded upon results IMO.

I agree that the snow probably hasn't been helpful, but then again people still have to eat.

Last year CRAW achieved virtually zero profit, so we'll surely be ahead year on year. But the key thing for me is that during that year, CRAW managed to repay 400K GBP of loans. In the forthcoming results, I'll be very interested to see the net cash position, as CRAW have been repaying bank debt from positive cashflow at quite a rate over the past few years and loans are now fully repaid with the exception of two property backed mortgages.

The business is historically cash generative to the tune of 500K+ per year, and generated over 1 million in cash in y/e Jan 2011. With just mortgage payments remaining, the cash that was being spent on debt repayment can (I would hope) be put to work to the benefit of shareholders through organic growth and/or dividend payments.

That's my investment rationale in a nutshell. The horsemeat scandal has just been an added bonus in hopefully bringing new faces in store.