Crawshaw Share Discussion Threads

[playful] 20/9/2013 10:22

We are recruiting again:

hxxp://www.crawshawbutchers.com/job-vacancies

Sounds like a stronger customer engagement approach to help increase sales & store loyalty to me. Testing in two stores before rolling out if effective?

[playful] 20/9/2013 00:25

I do wish they would cotton on to social media – They could be the butchery equivalent of ASOS...

[chrisis33] 16/9/2013 11:30

(Thanks Briangee)

[tradermania] 16/9/2013 11:24

whats your views on this stock for the medium term.?

[briangeeee] 16/9/2013 11:22

BBC say Cranswick supply Dutch pork to Tesco, labeled as British. Can't do link on phone.

[chrisis33] 11/9/2013 12:16

Thought so ... share price reacts upward with any kind of moderate demand.

[battlebus2] 11/9/2013 08:57

Yep your spot on chrisis33.

[chrisis33] 10/9/2013 16:37

Another 30K through on the bell. Might open up tomorrow?

[chrisis33] 10/9/2013 14:54

Wanting full ask now at 7.25p ... 6.8p on the bid

[chrisis33] 09/9/2013 12:25

Thanks Briangee ... much appreciated!!!!

[battlebus2] 09/9/2013 11:15

LOL some muppets eh!!!! It's my belief that the next WHI note will be an upgrade.

Thanks BrianGeeee.

[briangeeee] 09/9/2013 10:52

The apparent WHI earnings downgrade was due to an administrative error. No update has occurred, and the eps forecast remains 0.52p.

[battlebus2] 09/9/2013 08:15

Sir we don't even know if there is a downgrade you muppet!

[sir leonardo] 08/9/2013 22:21

WELL WELL WELL!!!!!!

SIR NOTES DE DOWNGRADE AND WILL REPEAT THIS IS A SELL YOU MUPPETS!!!FFS

[briangeeee] 08/9/2013 14:53

Thanks, I'll check on Monday morning.

[chrisis33] 08/9/2013 14:19

Following a quick search I can't find any more detail about the new analyst.

[chrisis33] 08/9/2013 12:18

FT seems to indicate we now have 2 analysts covering Craw, with the new one rating them as outperform.

[battlebus2] 08/9/2013 12:02

Well if that's the case there's got to be a bloody good reason for it. Hopefully someone will have the note.

[battlebus2] 08/9/2013 10:28

Thanks BrianGeeee and chrisis33 for some sensible posts, i maybe overly optimistic but it'll be disappointing not to have increased in the region of 8%+
Rose tinted specticles maybe but given the summer we've had and the barbecue sales along with the horsemeat scandal this maybe an underestimate imv.
1 million EBITDA is a clear possibility.

I don't feel the need to report if sales were ahead by that level hence no update if it were 20% then ofcourse as chrisis33 says we do have a habit of sticking to the scheduled RNS's.

[chrisis33] 07/9/2013 23:54

Hi briangee. Thanks for sharing your thoughts. The latest trading updates were vague - but in April we heard that like for like sales were ahead and costs improved. Rent negotiations should help fixed costs, but as you say quite possibly offset by higher rates and wage costs. On the other hand, with improved sales volumes come distribution and processing/packaging economies of scale.

On the frequency of updates,CRAW do seem to stick to the scheduled reporting dates.

[1i1i1i] 07/9/2013 22:25

Smelgy will part your curtains!

[briangeeee] 07/9/2013 21:53

chrisis33, I'd probably be a little more conservative in terms of profit calcs. 5% on revenue would add about £410k gross profit assuming supply is elastic, but I'd also allow say 1.5% on admin due to additional labour, which would reduce the increment by £120k to £290k. That would of course still take EBITDA to £940k.

However, there's also inflation to take into account, so even with flat revenue, costs might be up by 3% YoY. Perhaps you mean an inflation adjusted 5%?

I'd also caution that we're now well past H1 end, and there hasn't been any trading statement beyond the rather unquantified AGM statement. It might just be Crawshaw's rather laid back style, and perhaps we're still some way from full year end, but if profitability looks to be markedly ahead I'd have expected a more detailed trading update by now.

[chrisis33] 07/9/2013 20:27

5% annually would do very nicely. On a c.£19m turnover and 43.7% gross margin this would take EBITDA well over £1m on an annualised basis. CRAW will report net cash in the forthcoming results for sure, and still capped under £4m.