The results are out at companies house and technical fibres makes interesting reading. There was a large write off of an intercompany balance but before this it made a pre tax profit of nearly £4m. The whole thing must surely be worth more than £20m? |
Well I have spent a fair amount of my working life learning on the job and I am pretty sure other people have done the same. |
"expanding my own learning." Not here to lean but to build the business and increase profits for the shareholders. |
New innovation manager : David Townsend.
Excert :-
JS
What most excites you about working at James Cropper?
DT
The merging of the advanced materials and paper and packaging sides of the business was what really interested me to the Innovation Manager role at James Cropper. I saw it as a great opportunity to work at the interface between the 2 diverse technical areas, satisfying my interest in multidisciplinary science, and further expanding my own learning.
hxxps://paperandpackaging.jamescropper.com/people/david-townsend/ |
Bought a few today on the hope that David Stirling can turn this around.
Hopefully he can gain the support of the banks. |
good to see purchases of 20000 @260 and 10000@250 today |
In many ways I think this would be better managed by the banks - they would likely close the paper division and sell off the AM business at a decent multiple, payoff the debt and be left with a decent wedge for shareholders.
The alternative is more of the same with the outlook for paper deteriorating further with the truly uncompetitive energy costs in the UK only getting worse. Sadly the chairman is only 51 and looks set to encumber the group with his ESG nonsense for many moons to come. |
Results on Wednesday |
Liontrust have bought a further 1.8% of the company fwiw |
Interims on 20th then |
High daily trading volume today of 401k
Previous 12 month high volume was 112k in March |
The new CEO is a materials man - this appears to have now become the focus.But maybe that was the case before also - Adams the wrong man to lead that.Whilst uncertainty remains re. P & P of course, I can't see this announcement as a negative on balance. |
Not sure I am going to congratulate the board just yet and will reserve any praise until they shutter the P&P business. I suspect Steve Adams resigned because the board once again refused to countenance closing the division. |
Suspect he's been offered a very attractive package to improve things ! |
Stirling never seemed to buy many at ZTF. Just options... |
This is good news indeed imv.Adams was a P & P guy - the low margin rubbish bit. The new guy headed a £175 million market cap company in Zotefoams.Seems Cropper has listened to what needs to happen here re. driving the materials side in line with getting the business on a growth trajectory. Adams has bought NO shares if he had loads of LTIPS. Can I say Bravo to the BOD and management. Here's hoping. |
Interims possibly due early November basis last year ! |
Covenant related selloff? They're probably OK for Dec24 test, but the Mar25 test goes back to normal levels, and trading outlook not improving enough for Sep-Mar period, given last TU... |
Few panic sellers again Minimal valueBut it would be a brave punt all things considered Budget aside, is there a t/u due ? |
Still falling fast - Tempted but even broker (note of July 23rd does not forecast revenue recovering to 2023 levels before fy 2027- Old adage
"Many a slip between cup and lip" Budget and American elections still to come.
If 200p breaks minimal long term support (imo) |
Employer's NI going up on 30 10 24 won't help either. Loss of BPR will incentivise people to cut all ties with the UK and acquire a new citizenship.
It is tragic RR thinks she is qualified to be C of E because of once working in a junior role at the B of E.
Mr Mark Cropper can maybe afford to pay IHT at 40% but I cannot, and certainly not so soon after receiving an inheritance on which I had to pay it. When only 60% is passed on each time, you are only left with 36% after two deaths. BPR really matters. |
vv And still more to come - Plus USA on Guy Fawkes Day - Could be explosive - Literally!!!! |
BPR nerves 100% imv So illiquid it just fallsNot saying debt isn't high but can only be really The government has a lot to answer for / to |
Market getting nervous about level of debt? Debt (imo) significantly high or just pre-budget nerves. |
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