Creightons Share Discussion Threads

[mrwaterloo] 29/9/2020 07:19

Are Aldi still a key customer. They announced good growth and expansion plan for new stores this year and next on sky news

[investor0109] 22/9/2020 08:34

mfhmfh- but, of course you are- it's a bargain!

[mfhmfh] 22/9/2020 08:05

I'm happy to add at this level/if it goes lower.

[investor0109] 22/9/2020 07:43

mfhmfh- and today it looks to me that the market has lost its marbles. Is CRL now worth 20% less than it was last week? Of course not! Ruddy chickens have escaped their coop again.

[mfhmfh] 16/9/2020 10:59

looks like Redmayne (Nominees) Limited have sold out. hopefully that's the overhang cleared and share price can now move up.

[investor0109] 09/9/2020 11:00

Believe market reaction to recent results misjudged and presents an opportunity at current share price Revenue +8.6%, profit +29.4% and margin +7.9%, increase in dividend and good cash reserves- great, given current circumstances. CRL seems to have adapted quickly to protect itself and benefit from pandemic, so tend to agree with IC view following results: 'Rated on a trailing price/earnings (PE) ratio of 11, prospects of Creightons continuing to outperform its rivals are still being materially underrated'

[mfhmfh] 07/9/2020 14:03

CRL '...has delivered record annual results and ones that surpassed my expectations...' according to ST today.

[investor0109] 07/9/2020 11:42

CRL tipped by IC today: 'Manufacturing Gains'. BUY rating and extract here: '...outsourcing of warehousing and distribution of finished products almost complete...means that Creightons has the infrastructure in place to continue to scale up. It’s well positioned to do so... trading in the first four months of the new financial year is ahead of last year. ...trailing price/earnings (PE) ratio of 11, prospects of Creightons continuing to outperform its rivals are still being materially underrated. On a bid-offer spread of 54p to 56p, the shares continue to rate a buy'

[carpingtris] 07/9/2020 11:11

hTTps://www.investorschronicle.co.uk/comment/2020/09/07/manufacturing-gains/

[johndoe23] 06/9/2020 08:09

Hi sidam.Definitely worth a look! On my watchlist. Tick a lot of boxes...

[tomps2] 03/9/2020 14:33

Creightons (CRL) FY20 results presentation. Group Managing Director, Bernard Johnson, Group Finance and Commercial Director, Paul Forster and Global Marketing Director/Deputy MD, Pippa Clark present full year 2020 results. Video: Https://www.piworld.co.uk/2020/09/03/creightons-crl-fy20-results-presentation/ Podcast: Https://www.piworld.co.uk/podcasts/

[sidam] 03/9/2020 12:52

John Doe EPS growth last year was adversely impacted by huge change in tax rate and by initial effects from Covid, lost sales and marginally higher costs for a short period. Dividend could be higher and in my view should be higher given cash generation, but quite a lot of cap ex scheduled for next 18 months (1.5m) and if the current warehouse is also extended cap ex could be quite a bit higher. To get to their aspirations, it is almost certainly that they will acquire new brands and/or businesses, which will require cash. On Zulu, my understand is should ideally be 5 years growth, three historic and two prospective. If growth over four years 21 to 25 is 20% or higher, then PEG would be 0.5 to 0.6 if rating was maintained and aspirations met or close to being met. Not written in stone, but in my view at least worth a dabble in case management aspirations are met.

[gdjs100] 03/9/2020 11:54

Look at long term EPS growth. Last year's number was flattered by a one off tax rebate. Was about 3.6p adjusted IIRC.

[johndoe23] 03/9/2020 11:26

Hi sidam. Thanks for your input. Good results but couple of issues for me. EPS growth of just 6%, on a PE of 12 equals a PEG of 2, not cheap according to the Zulu theory.Also, director remuneration is double that of divi paid, i would be looking for that to be the other way around. At least a ratio of 1:1.Big positive for me would be 43% increase in international sales.

[sidam] 03/9/2020 10:35

I watched the presentation. It was over one hour but I was impressed with how they coped with Covid. Over the years I have seen probably 100s of presentations and this was top rate. Good explanations and strategy for growth. The previous 5 year aspirations (management use that word not projections or forecasts etc) were for revenues of £60m for this year and it looks as though they will be less than 10% short. If you look at the 2025 aspirations, net profits will have grown by 24% compound, if they miss by £10m to £90m, but keep margins the growth rate falls to 20%. If you believe in the PEG system, the stock is the wrong price. So you could get a double over 4 or 5 years by profits growth and then PE expansion on top. It looks to be a decent company with good and proven management. So I have made a small purchase.

[yupawiese2010] 03/9/2020 08:51

No not yet.

[tas11osc] 03/9/2020 08:37

Have the ex-dividend and div pay dates been announced yet?

[msehs] 02/9/2020 21:03

Is the spread normally big with this one?

[davidosh] 02/9/2020 13:16

Agreed....it was a revenue target of £100m and net profit margin of 9% as targets for 2025. They are focusing on Germany for developing the export sales and have built a team and office base there.

[dab26] 02/9/2020 12:20

My take would be 'steady as she goes.' The beginning of lockdown sounded a bit hairy for them, but they adapted quickly. I didn't make notes, but from memory the target is £100m turnover by 2025. And growth in the present year too (IIRC), which will be more than a lot of companies manage. I'll double-check those remarks when the presentation appears on the website.

[hjs] 02/9/2020 11:33

Anybody listening to online presentation? Any feedback?

[davidosh] 02/9/2020 10:23

I think the only bit on current trading was hidden away in the Covid 19 statement section.... Trading to the 31 July 2020 is ahead of last year, which has enabled the Group to absorb the increased costs and risks associated with the pandemic. The presentation follows shortly Creightons plc ("the Company") Preliminary Results 2020 - Investors and Analysts Presentation Creightons plc (CRL) announces that it will host an online presentation for analysts and investors at 12.00 today. To join the presentation please register at https://bit.ly/CRL_FY20

[carpingtris] 02/9/2020 10:00

IC magazine will update in due course... so as long as positive this should go up imo

[gdjs100] 02/9/2020 09:42

There aren't any brokers that cover it.