Cropper (james) Share Discussion Threads

[stegrego] 03/8/2011 12:53

I dont know if its just me, but there seemed to be a stark contrast between the announcement just over a month ago and the announcement today.

Perhaps its just me and the way the markets are, but i sold out first thing as suddenly this looks very vunerable.

Good luck to those that still hold.

[cockneyrebel] 28/7/2011 07:52

great trading update from Mondi today - bodes well for CRPR trading update imo.

CR

[hybrasil] 26/7/2011 14:51

OK pension scheme shares all gone.

Watch this motor

[cockneyrebel] 19/7/2011 15:55

AGM Aug 3rd - co has an AGM statement with the AGM.

CR

[cockneyrebel] 12/7/2011 10:28

Market's like this trow up some bargains - these go XD today. so not just a 5p discoutr this am but you get another 5.7p back if you hold at the close tonight.

Of course you'll get the divi dip tomorrow in all liklihood - but how attractive will these look tomorrow morning @ say 230p to buy? With the AGM in just over a fortnight too.

CR

[hybrasil] 08/7/2011 19:24

The pension fund only has 100k shares left.

Watch this motor

[hybrasil] 05/7/2011 10:38

This is really beginning to motor with very substantial trades at this level over the last few days £4 here we come

[hybrasil] 04/7/2011 11:54

So the pension trustees are selling off.
I suspect todays trades are by them.

[hybrasil] 29/6/2011 05:19

I think you will see the £4 mark last reached in 1994! attained again.
This is a smashing company which I last visited in 2004. At that time they told me it would take time. They were right.

[capercaillie] 28/6/2011 19:38

Good to see that they have increased the turnover and GROWN the business. Have bitten the bullet and taken exceptional loss on TPMS. Could do with some positive write ups in the press.

[kneecaps2] 28/6/2011 10:09

sorry it was actually march 2009

[kneecaps2] 28/6/2011 10:04

yes still very cheap despite over 400% rise since i last bought @52p in march 2008!

[davebowler] 28/6/2011 09:42

Capitalisation of Cropper is currently £17.5 but Asset value is £48m
''Our continuing operations made a profit before tax of £3,420,000''

[davebowler] 11/5/2011 15:39

Yes , very encouraging, here's today's full news release;
James Cropper PLC ("the Company")

Financial year ended 2(nd) April 2011.

The Company operates two funded pension schemes providing defined benefits for the majority of its full time employees. As from 1(st) April 2011 active members' benefits have been reduced such that future increases in pensionable salaries are restricted to RPI up to a maximum of 2% per annum. Therefore the schemes will remain defined benefit schemes but they will no longer be "final salary" schemes. Thus as a consequence of this change to future benefits and other factors, the IAS 19 valuations of these schemes as at 2(nd) April 2011 revealed a combined deficit of GBP1.4 million, compared with GBP14.2 million at the previous year end, a decrease of GBP12.8 million.

IAS 19 requires that any reduction in deficit arising from a curtailment of benefits should be shown on the face of the Statement of Comprehensive Income. This means that the Company's published Statement of Comprehensive Income will show a credit of GBP10.2 million arising from curtailment.

After allowing for deferred tax on the deficits, shareholders' funds will consequently be uplifted by GBP9.2 million as at 2(nd) April 2011.

Membership of these schemes has been closed to new members for ten years.

Further to the statement issued on 5(th) January 2011 the Company confirms that its subsidiary The Paper Mill Shop Limited ("TPMS") had closed all of its retail outlets by 2(nd) April 2011. It is anticipated that TPMS will incur a loss, including full provision for all closure and redundancy costs, of approximately GBP1.8 million in the financial year ended 2(nd) April 2011. Of this total GBP0.7 million relates to trading loses and GBP1.1 million to exceptional exit costs. Cash out flow in the year was GBP1.0 million.

During the year to 2(nd) April 2011 the Company's other businesses have performed in line with the comments made by the Chairman in the Interim Statement issued on 16(th) November 2010.

Mark Cropper, the Company's Chairman said "We have started the new financial year having dramatically reduced the threat to the Company posed by its pension schemes and retailing activities. This enables us to focus with renewed energy and confidence on profitably growing our three specialist manufacturing businesses".

The Company's full year results will be announced on 28(th) June 2011.

[envirovision] 11/5/2011 14:22

so closed paper mill, got pension in order.

[gengulphus] 16/12/2010 10:52

Did you check for trades on PLUS Markets (symbol CRPR.GB) as well as the LSE (symbol CRPR)?

If not, you'll need to go to the PLUS Markets website www.plusmarketsgroup.com to check the trades - ADVFN only carry the current day's trades for PLUS shares.

Gengulphus

[awilson] 14/12/2010 12:50

Bought a few at 163p yesterday (Mon) but not recorded.

[garth] 10/12/2010 09:25

On the rise again and currently rated at just 10x FIRST HALF earnings....

G.

[garth] 16/11/2010 12:05

Pulp and energy prices high - but 15p eps achieved for the first half. Nil gearing.

Converting doing well, and:

"I anticipate that TFP's sales to the aerospace, defence, security and consumer electronics sectors will continue to build strongly over the remainder of the financial year with profits well ahead of last year".

[davebowler] 16/11/2010 11:49

James Cropper turnover up at £43.5m
StockMarketWire.com
First half turnover at niche specialist paper and materials group James Cropper rose to £43.5m - up from £35.9m last year.

EBITDA - before new IAS19 pension adjustments - fell to £2.8m in the six months to 25 September from £3.7m in 2009.

The group recorded a profit before tax of £1,192,000 for the period (£1,422,000 prior to net IFRS pension adjustments).

This compares with a profit before tax of £1,655,000 for the same period last year (£2,033,000 prior to net IFRS pension adjustments).

The group said there was a strong performances from technical fibre products and James Cropper Converting in the first half and a small loss in James Cropper Speciality Papers.

The future of the group's two defined benefit pension schemes are currently under review and three under-performing retail outlets were closed in the first half.

[capercaillie] 29/10/2010 17:42

Good progress this week - highest since July 2008

[capercaillie] 21/7/2010 20:02

Net gain today taking XD into consideration. Need to keep momentum going with a positive trading statement at AGM next week.