Cropper (james) Share Discussion Threads

[hybrasil] 18/6/2008 22:50

very buyable at this price - I would have thought

[garth] 29/4/2008 12:19

Property worth more than it is valued at, IMO. Forget the paper - looked at the advanced materials.....

[nobull] 29/4/2008 10:14

This is a stock I wouldn't be seen dead in. (I am asking for a friend who doesn't want to ask). Does anyone know what the property this company has is worth on an existing use basis and whether it would have a more valuable alternative use. Also how much life is there left in a business model of manufacturing paper in the UK. Is it the last one left? And out of curiosity for myself why don't they charge a decent level of depreciation on the property in the accounts? Is it that paper making is too unprofitable so they can't pay a decent amount of depreciation (the depreciation is charged on property at historic cost?). TIA.

[capercaillie] 31/3/2008 21:15

Credit Agricole add again

[capercaillie] 30/1/2008 21:36

The price is nearly back to its pre-announcement level. I get the feeling that something as afoot - only I don't know what?

[garth] 29/1/2008 06:21

bbd,

Perhaps someome wanted to off-load, they were approached and wished to provide an orderly exit in an illiquid share? Clearly they believe that longer term the shares represent good value at these prices. The business is cyclical - things will be bad for a bit, and then they improve. Underlying that cycle is a story of growth.

G.

[bigbigdave] 29/1/2008 06:16

Why the f were Directors buying a few days before a significantly below statement?

[stegrego] 28/1/2008 21:43

Significantly below expectations and it doesnt fall off a cliff (well does but obviously got a bungee rope attached!)

Most odd.

Still im going to use the pun anyway as its probably going to happen....


'Looks like another share thats come a Cropper' :)

[garth] 28/1/2008 21:00

Good rebound from 190p.....

[tole] 28/1/2008 20:04

Followed for a fair few months since last year- though think i'll give this a miss too then. No rush to buy here imv.

James Cropper PLC
Trading Update

STATEMENT BY MR J A CROPPER, CHAIRMAN

In the Preliminary Statement issued on 19 June 2007 I highlighted the
exceptional nature of TFP's performance over the previous financial year and the
challenges faced in maintaining the momentum of profitable growth in the current
year. Whilst turnover growth has met expectations over the course of the current
financial year, the impact of a changing product mix has diluted margin, which
combined with the weakness of the US$ and the higher cost base resulting from
the strategic acquisition of two new US subsidiaries earlier in the year, means
that TFP's profit will be lower than last year. Turnover growth is expected to
remain strong in both established and emerging markets.

I referred in the Interim Statement issued on 21st November 2007 to the prospect
of rising cost of pulp and natural gas dampening the profitability of James
Cropper Speciality Papers ("JCSP") in the second half year. Since that Statement
the cost of Northern Softwood Bleached Kraft, the market benchmark grade, has
risen progressively to US$880/tonne. There is no sign that this upward
progression will cease in the near-term. In December the cost of natural gas
increased sharply towards 60 pence per therm. Market forecasters currently
project that this price level will be sustained over the last quarter of the
financial year. Thus if these market projections relating to pulp and natural
gas prove to be correct then JCSP's profit for the full financial year will be
below that of the previous year.

Management teams in each subsidiary are implementing actions to mitigate the
impact of the issues outlined above and to ensure that the businesses remain on
course to deliver on their strategic plans. However in view of these factors it must concluded that the Group's profit for the full financial year will be
significantly below current market expectations.

[capercaillie] 24/1/2008 19:24

3 Directors who have purchased recently including Sclater

[garth] 24/1/2008 12:28

Both of them ;0)

[garth] 24/1/2008 12:28

Croppers buying above the market price....

[garth] 24/1/2008 12:28

Croppers buying above the market price....

[garth] 14/1/2008 18:20

Dividend reinvestment scheme?

[awilson] 14/1/2008 14:49

Can anyone give a sensible reason as to why there were separate purchases of five and four shares today - it seems very odd.

[capercaillie] 08/1/2008 18:06

Sclater has now had a dabble. Something afoot? I've never known him buy any stock whilst Ive been a shareholder.

[capercaillie] 07/1/2008 18:03

Pity so many other directors have such a paltry holding.

[hybrasil] 07/1/2008 12:15

great to see Mark Cropper buying shares.

[bonty] 21/12/2007 13:17

Dunno, but a very welcome reversal of the recent slide.

[garth] 21/12/2007 12:16

tipped somewhere?

[capercaillie] 28/11/2007 07:42

Credit Agricole increase holding again I see.

[cockneyrebel] 23/11/2007 18:19

cheers capercaillie - have you turned all white now?

CR