Cropper (james) Share Discussion Threads

[meadow50] 20/7/2010 12:36

XD tomorrow 5.3p so may drop by that amount.Payable 13 August.

[garth] 19/7/2010 13:14

Still moving up :0)

[garth] 22/6/2010 09:46

Great eps recovery! But gas costs £2m less than the year before? Those will increase with the economy... Profits were at £2.4m for the year - wouldn't hav eleft much profit if they'd remained high. Pulp prices increased rapidly but now believed to have levelled out and excpected to fall. Is next year's result really dependent on how these two factors balance?

G.

[davebowler] 22/6/2010 09:14

ames Cropper (B)(A) – James Tetley (0845 059 6691)

Final Results – BUY (Unchanged since 24/04/09) – 12m Price Target: 220p - Current Price: 127.5p – Market Cap: £10.9m

· Ahead of expectations - James Cropper's full year results are comfortably ahead of expectations, confirming a very strong recovery in earnings against a challenging economic backdrop. At £2.4m (vs a forecast of £2.0m), PBT was more than double the 2009 result (£0.9m) as sales proved remarkably resilient (+2% to £76.2m) and input costs retreated from their prior year peak.

· Net debt eliminated - The elimination of net debt from £4.4m to £0.0m was a particular highlight, providing the Board with the confidence to increase the full year dividend to 7.5p (6% yield).

· Cost pressures returning but recovery in TFP - The cost environment is expected to be challenging in the short term for Speciality Papers, but an improving order book suggests a recovery in TFP.

· Attractive valuation - We expect to retain our 220p price target and Buy recommendation.

[garth] 14/6/2010 13:28

Director sale announced today - several weeks late!

[davebowler] 14/4/2010 13:30

from foxnil
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 [e-mail] quoting 'James Cropper shareholder'.

[foxnil] 09/3/2010 09:03

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 [e-mail] quoting 'James Cropper shareholder'.

[davebowler] 16/11/2009 16:14

Its always a good sign that a thread like this is quiet when there's a jump- not too many excitable buyers.

[davebowler] 29/9/2009 10:30

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.

[davebowler] 24/9/2009 12:09

Chartists- is there anything to stop a run up to 150p?

[s_pinch] 21/7/2009 09:24

Have got out .... good luck to everyone!!!

[s_pinch] 26/6/2009 10:22

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.

[capercaillie] 26/6/2009 07:11

So are they busy then?

[s_pinch] 25/6/2009 10:51

I used to work there. Left recently.

[capercaillie] 24/6/2009 18:03

I would be interested what you base your opinions on?

[s_pinch] 23/6/2009 12:13

In my opinion still a massive bargain at this price.

[davebowler] 23/6/2009 10:52

Trading at 50% discount to net asset value.

[s_pinch] 27/4/2009 20:53

Those will be the rose tinted glasses then!!!!

[davebowler] 24/4/2009 10:49

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.

[garth] 24/4/2009 10:49

Very nice trading update :0)

[davebowler] 24/4/2009 10:45

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.

[hybrasil] 06/3/2009 11:08

It was a very large forced seller.

[thecurrymonster] 06/3/2009 00:30

I also sold around 220-230 as well but not been tempted back in yet.

WTF happend today anyway???

[hybrasil] 05/3/2009 23:15

sold at £2.30. Think its time to buy back in ?