Share Name Share Symbol Market Type Share ISIN Share Description
Cropper (james) Plc LSE:CRPR London Ordinary Share GB0002346053 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 1,440.00 1,400.00 1,480.00 1,440.00 1,440.00 1,440.00 1,593 07:31:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Forestry & Paper 78.8 1.7 16.4 87.8 138

Cropper (james) Share Discussion Threads

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If you are interested in quizzing management, the company is exhibiting at this show in April: www.masterinvestor.co.uk. They have a few free tickets available for shareholders and other interested parties if you email the organisers at mi2010tickets@t1ps.com quoting 'James Cropper shareholder'.
Its always a good sign that a thread like this is quiet when there's a jump- not too many excitable buyers.
James Cropper (B)(A) - James Tetley (0845 059 6691) Positive Trading Update – BUY (Unchanged since 24/04/09) – Current 12m Price Target: 180p (from 140p) - Current Price: 125p - Market Cap: £10.6m · Brewin Dolphin; This morning's trading update highlights a robust start to the year from James Cropper, ahead of our expectations. Strong trading from Speciality Papers has more than offset an expectedly subdued performance from Technical Fibre Products (TFP). · The first half results (prior to IFRS pension adjustment and before tax) are likely to be materially ahead of the Board's expectations, an impressive achievement against a backdrop of recessionary pressures and rising pulp prices. · The steady increase in the pulp price over recent months will weigh on H2 profitability to a degree but full year results are nevertheless expected to exceed market expectations. · We expect to upgrade our PBT forecasts (post IFRS pension adjustment) by 25% and 22% in 2010 and 2011 respectively, and to increase our price target to 180p from 140p. We retain our Buy recommendation.
Chartists- is there anything to stop a run up to 150p?
Have got out .... good luck to everyone!!!
Obviously I am still under a little confidentiality but TFP have a good set of products that will generate good sales in niche market areas. Speciallity papers aparently is looking much more posative. Overall as a manufacturing business in UK it is doing well to generate profits in this economic downturn. As far as the price is concerned the stats say it all. Look at quick net asset value compared to share price. Look where the land is that the factory is built on. OK, the shops are positioned very badly (who will drag a full box of paper round the Metro Centre or through the City of Liverpool)but this could be changed by following the principles of the origional shop, low rent industrial estate sites, stack it high sell it at a reasonable price and you can park outside for loading!!!! I think that the CEO of the business will drive it through the bad times even if there needs to be some major restructuring of the middle management. This is my opinion. DYOR etc.
So are they busy then?
I used to work there. Left recently.
I would be interested what you base your opinions on?
In my opinion still a massive bargain at this price.
Trading at 50% discount to net asset value.
Those will be the rose tinted glasses then!!!!
James Cropper Plc is a UK based, AIM listed company specializing in paper and materials products. With a history dating back over 160 years, the group's advantages lie in its strong customer and supplier relationships, independence and flexibility. James Cropper takes its environmental responsibilities seriously with specific initiatives including the exclusive use of sustainable managed forest pulp in its mill, water recycling and the use of environmentally friendly bleach. The company operates through four subsidiaries in both the UK and US. Technical Fibre Products Limited, and its US subsidiaries Tech Fibres Inc, Technical Fibre Products Inc, Electro Fiber Technologies LLC and Metal Coated Fibers Inc, produce industrial insulation, fire protection, composite materials and power generation products. James Cropper Specialty Paper Limited provides graphic design, luxury packaging, bookbinding and filing products, together with customized papers to any global destination. The Paper Mill Shop Company Limited is the paper retailing arm of the company and operates out of 24 locations throughout the UK together with its online shop. James Cropper Converting Limited produce a wide range of quality board and paper products for such applications as luxury packaging, photograph albums, picture mountings and graphic displays, together with offering embossing, varnishing, guillotining and laminating services. James Cropper has built an international business and reputation for quality. The Company's order book for the Technical Fibre Products division is healthy and is starting to experience increased demand from the fuel cell market. However, the current uncertainties surrounding exchange rates, energy prices and pulp costs have made the outlook for Speciality Papers more difficult than usual to project. Nevertheless, an earlier drive to lift selling prices should mitigate any additional second half rising costs. Despite a more challenging current year, longer term prospects remain positive.
Very nice trading update :0)
Brewin Dolphin; James Cropper (B)(A) – James Tetley (0845 059 6691) Full Year Pre-Close – BUY (From HOLD) – Current 12m Price Target: 110p - Current Price: 83p – Market Cap: £7.0m. · James Cropper's update this morning highlights a much improved trading performance in the second half (to March 2009), which will see the Group deliver a profit of at least £0.7m for the full year, versus our previous forecast of a £0.4m loss. · Technical Fibre Products (TFP) has enjoyed a particularly strong H2, benefiting from sterling's weakness and robust underlying trading. · Speciality Papers has also seen a marked improvement, reducing the losses of the first half as pulp and energy prices fell and the Group successfully strengthened its pricing. · The announcement states that Group PBT for the year to March 2009 is now expected to be no les than £0.7m. We are therefore upgrading our 2009 PBT forecast to £0.7m (from a previously expected loss of £0.4m) and expect to upgrade our 2010 PBT forecast to £1.2m (from £0.5m). We will also be reducing our net debt forecast to £6m (from £8.5m), another positive development. · On the back of this morning's update and reflecting the brighter prospects for 2010 and beyond, we move from Hold to Buy.
It was a very large forced seller.
I also sold around 220-230 as well but not been tempted back in yet. WTF happend today anyway???
sold at £2.30. Think its time to buy back in ?
Pulp prices collapse in Europe in October BRUSSELS , (RISI) - Pulp prices have fallen significantly across Europe during October as demand remains weak and the dollar has strengthened against the euro. Most buyers were still holding negotiations as the month came to a close, in case the currency exchange rates moved further in their favor.
Threat to mill puts nearly 400 jobs at risk Helen Morris, printweek.com, 21 October 2008 Almost 400 jobs are at risk following paper manufacturing giant International Paper's announcement that it has entered into consultation with staff at its Inverurie mill in Scotland. The Aberdeenshire-based plant is the global paper and packaging company's only non-integrated fine paper mill, and it produces 250,000 tonnes of uncoated freesheet paper annually. It was announced today that a consultation process on strategic alternatives for the mill's future has begun. The move, which is a further blow for the Scottish paper industry following the closure of Curtis Fine Papers earlier in the year, would see International Paper exit the UK paper manufacturing sector. Tim Kelly, vice president and general manager of International Paper's European Papers business, said the company was looking to close the mill because it is "unprofitable and not financially viable". The news follows the opening last month of a £6m expansion to Aberdeen Harbour's Waterloo yard to handle increased traffic in paper slurry for the Scottish paper industry.
Ex-Curtis Fine Papers employees stage protest march William Mitting, printweek.com, 04 August 2008 Ex-employees of Curtis Fine Papers, which went into administration at the end of last month, have marched in protest to save the180 jobs that have been cut at its Guardbridge mill in Scotland. The march, which was organised by former managing director Keith Chapman with support from UK technical sales director Ken Thom, gathered at West Sands, St Andrews, and walked into the town to hear speeches from local politicians. Chapman congratulated the workforce for their skills and effort in recent years to turn Curtis into a profit-making business. He said: "Our biggest asset is our loyal and dedicated workforce." Iain Smith (Liberal Democrat MSP for North East Fife), Ted Brocklebank (Conservative MSP for Mid Scotland and Fife) and Claire Baker (Labour MSP for Mid Scotland and Fife) spoke to the gathered crowds and expressed their support. Unite's regional officer Willie Wallace also attended the speeches and pledged the full support of the union. Curtis shocked the industry by calling in the administrators on 24 July. The company had returned to profitability but failed after a deal to sell some of its land fell through. However, it has emerged that as many as eight interested parties are vying to resurrect the business. Curtis now awaits the outcome of discussions taking place over the next week to see if the 135-year-old fine paper mill can once again supply quality papers into its global market place.
The company has just warned - might be worth shorting SMDS - similar costs. CR
Shock as Guardbridge paper mill closes SHOCKWAVES reverberated through north east Fife yesterday (Thursday) following the sudden closure of one of the area's largest employers. It is understood Curtis Fine Papers told employees at noon that the business was to close. One stunned employee spoke of the shock of finding the mill was closing at lunchtime. While rumours have been rife no-one expected the doors would be closing without warning. The employee told the Citizen workers had planned a sit in on Thursday to try and persuade management to keep the doors open until it broke up for the summer holidays. "I just left. I don't want to be there anymore. It's devastating. People have booked and paid for their holidays. I know two people who were getting married in the next few weeks. "Next week would have been the dearest week in the year for the bosses - they must have been due to pay out about £½ million in holiday and overtime payments. "We went in this morning as normal and all the machines were shut down. "We were called to a meeting at 12.15 when we were told the place was closing down. He added: "Some people are being kept on to dismantle everything and get the stock out as there must be about £2 million of stock still there. "Staff being paid monthly have nothing and we were paid last week but that's it. I was due about £1200. I don't even know where the job centre is or how long it will be till we get what what we are due." It is understood housing developers Barrats had pulled out of buyingground from the factory, and this had had a severe knock-on effect for the business. The rising price of gas and the current credit crunch are also said to have played their part in the decision. Employing more than 250 personnel, the workforce is predominantly local with over two-thirds living within a five-mile radius. Although profitable during the 1990s it has experienced considerable financial difficulties in the last five years due partly to rapidly changing market conditions. Curtis has a history of paper-making dating back more than 160 years. The company was originally formed in 1837 at Dalmore Mill, near Edinburgh, and some 40 years later William Haig and two of his sons formed the Guardbridge Paper Company to find a more profitable use for their Seggie whisky distillery. The mill went into production in 1874 and went from strength to strength, as did the village of Guardbridge, which grew with new housing and roads to attract and accommodate workers. Before the first world war the labour force reached over 400, reaching a peak of 620 in the late 1950s. In 2004, the Dalmore Mill closed with the loss of 127 jobs in order to consolidate production at the Guardbridge site, and last January the company underwent a secondary management for an undisclosed sum. No one from Curtis Fine Papers was available for comment but it is understood the company is now in the hands of receivers KPMG.
Perhaps a reason for the price hike over last few days considering they are competitors - 24 July 2008 Paper Mill Cuts 180 Jobs 180 jobs have been axed in Fife. Curtis Fine Paper, near St Andrews earlier confirmed it's ceasing production. The company has had financial difficulties for some time, with a number of attempts to sell the firm failing. Administrators KPMG were called into the site at 12.30pm to inform workers that the majority of them face redundancy. The company has been trading for 135 years. One worker told Kingdom FM News that the news has come as a complete shock, with no prior warning being given.
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