I've just been past the HGV delivery signs for Croppers in Burneside on a Lakes break.Willing the shares on in the process.....! |
I took the opportunity to add a few in the last half hour. CRPR is too illiquid to own to many. I may trade any bounce but I'm thinking this is likely to be a 4-5 year investment.
Kraft pulp prices have been steadily rising since last June |
Interesting stuff Darrin.
I can only guess the market makers book is all over the shop at the tax year end as Private investors do their last minute tax planning.
Anyways at a mkt cap of £23m the shares are looking a whole load more interesting now. I am happy they will survive anything other than a savage eco0nomic depression - just a question of how quickly they can cut their hydrogen market costs and limit paper losses. |
I bought 5000 at an average of 305 at the end of Feb.
I sold them today and repurchased them inside my ISA to offset some profits I am going to have to pay CGT on.
I was not able to get a quote on selling more than 1000 then not even 500.
What was odd was that on the 1st 1000 I was being quoted a lower buying price than a selling price. I sold 1000 at 231.0001 and bought back in my ISA at 230 seconds later.
I was then unable to get a fixed quote for a sale, so I sold blind at 230.6, 230 and 215.
I was then able to buy the 4000 back in my ISA at 219p
I can currently get a quote of 214.2p to sell all 5000 but no quote to buy any |
Guessing seeing a few tax year end PI sales atm |
Mark Cropper (Non-Executive Chair) purchased 2,437 Ordinary Shares of 25p each ("Shares") in the Company.
BA of BA is still BA in relation to his holding of 1,894,287 shares |
Like Saietta - That had a bounce like you said it would but then called in the administrators, All who followed you lost. |
Like I said, rebound |
Ever stock has its price, director buys may signal an improvement in paper division which would put a floor under current price particularly if dividend payout could be resumed. I await this upturn with scepticism.. |
CRPR director piling in. 2437 shares. What a complete plonker. |
This is ready to rebound imo.
Just nit on many people's radar atm |
callumross: Agreed. Seems to be no brokers notes - Trying to get realistic forward forecasts for the company is like trying to open an oyster with a blunt knife.
Impression received is that even the directors are uncertain. Very much caveat emptor. |
Thing is there is no reason to buy. Even at todays lows the market cap is still on a par with shareholders funds. Growth has by the directors own admission been pushed back to 2026 or later. Suggests that the company was always overvalued based on an unrealistic view that this was a high growth company and it is now being valued ex growth. It is hard to even find a level for a floor to the share price where it supported by fundamentals. |
10 year low now hit e&oe. By chart inspection .
Any value left? |
Interesting the chairman’s woke grandstanding means the business is uninvestable as in they will struggle to recruit first class executives - the good ones have either been deposed or left so no one good will want to work their and as for shareholders the best hope is that the rest of the family retire him before he loses everything |
May be worthwhile to Google ‘Westmorland Gazette’ online and search Cropper. There is an abundance of articles whereby Greenery and Cropper seem inextricably entwined. |
Is the solar farm being developed and/or supplying energy under CRPR ownership? |
Frenchfry_ Maybe investors need to ask serious questions if you are correct.
Do you know how what percentage of the shares he holds personally? All the website gives is that the family holds 33.3% |
At a local level ,James Cropper (the individual, not the company) has very recently secured the planning approval for a 7.56 hectare solar farm, ostensibly to provide cheaper power for the company.
He has for some time been a local agitator for all issues green, and currently chairs an entity entitled ‘Kendal Futures’, aiming to plaster the local town with bike lanes and severely restrict motor cars.
Whether one agrees or not, this ‘green-standing’ seems to have distracted him from concentrating upon mitigating what may appear to be the terminal decline of this company . |
Still looking unhappy - Small holders continuing to cut losers apparently.
Still cannot see any reason to get back in.
Strategic errors?
Still not sufficient blood on the street to attract given the increase in the cost of money. (All imo and DYOR) |
Highest trading volumes for a year. I was surprised the £100k sold in dips after 11am did not cause the share price to fall further.
I have been watching CRPR for most of 2023. I almost bought under 600p in April and again in December on the back of falling paper pulp prices.
I have kept one eye on hydrogen (ITM & PRES) so delays are not unusual. The current push back to "calendar years 2026 to 2028" is quite a delay.
Will continue to watch. |
Lol Pug - my uncles all live / lived in Burneside and worked for Croppers.I am very familiar with the factory etc having spent many happy holidays in The Lakes.Shame to see what's happening - I sentimentally at least hope they can recover.Have always assumed the factory / tangible assets at least must be worth a few quid at least - certainly my uncles have enjoyed very tasty final salary pensions !? |
VV:- Or another way of looking at it is yet anther company seduced by the mirage of the Hydrogen money tree and come a cropper!! |
That is a shocker indeed |
Ok - now we know why James Gravestock left.
Paper side no doubt hit by problems in luxury goods sector - this division will never make any money, ever.
Have taken this off my watch list as the issues in the Hydrogen market look like they are a minimum 2 year fix and for the first time put question marks around the AM business. Pity. |
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