Cropper (james) Share Discussion Threads

[davebowler] 11/4/2016 10:14

Westhouse;
Today’s positive trading update for FY2016 has led us to increase our PBT forecast to £4.5m from £3.9m and to nudge up our PBT forecasts for the next two years. The uplift is driven by TFP where we are encouraged that the recent heavy capital investment is beginning to deliver a payback. Indeed, our upgrades are on the back of increased operating margin assumptions in TFP. Ahead of the final results being reported in June 2016 we increase our DCF-derived TP to 800p from 750p. We maintain our Buy rating.

[yogi] 11/4/2016 08:39

Pleasant start to the day!

RNS Number : 6979U

Cropper(James) PLC

11 April 2016

11 April 2016

James Cropper plc ("James Cropper" or the "Company")

Trading materially ahead of expectations

The Board of James Cropper PLC is pleased to issue a positive trading update for the 53 weeks to 2 April 2016.

During the calendar year 2015, James Cropper and notably the Technical Fibre Products division experienced healthy sales growth. This trend has continued in the first calendar quarter of 2016.

The financial impact of the events of late last year as announced on 15 December has yet to be fully quantified but the board is confident that insurance and other mitigating factors will compensate for any adverse financial impact including business interruption. A fuller update will be available by the time that the Company reports its full year results in June 2016. The board is confident that, even before recent favourable FX movements, the Company's full year results will materially exceed market expectations. The outlook for the financial year just starting is encouraging.

[yogi] 26/2/2016 19:25

Also from website news of As 9100 accreditation but 4th para below re increasing capacity is interesting - seems to suggest significant growth in TFP at least.

We are delighted to announce that TFP has successfully gained the AS 9100 (BS EN 9100) global aerospace quality certification.

AS 9100 is the industry recognised quality standard and achieving compliance to this demonstrates that TFP has the knowledge and experience necessary to satisfy the demanding requirements, processes and regulatory controls stipulated by the aerospace industry.

Martin Thompson, Managing Director of TFP, comments that "TFP has over 25 years experience in supplying the aerospace and defence industries and has established a global reputation as a specialist in developing nonwovens for these highly technical and challenging applications. Achieving the AS 9100 certification validates this, signifying a commitment to further develop TFP's position and sales in these markets, as well as demonstrating the company's focus on quality and continuous improvement."

The AS 9100C (BS EN 9100:2009) certification represents the latest step in an accelerated programme of capacity and capability improvements for the company. This has included the installation of the world's first commercial nanocoating line at our US manufacturing facility and, most recently, the addition of a third state of the art manufacturing line to double production capacity in the UK. The new line incorporates a number of advanced control features, including a high resolution fault detection system, designed to ensure both the consistency and quality of our advanced nonwovens. These controls, along with the AS 9100 certification, demonstrate that we operate to the highest possible quality standards.

[yogi] 07/12/2015 21:24

Results were also good - steady progress.

[hybrasil] 07/12/2015 12:22

Market slowly reacting to Marks purchase. I think you will see £8.00 here within six months

[hybrasil] 03/12/2015 09:40

great to see Mark buying at this level.

[davebowler] 11/11/2015 10:38

Westhouse;
Increased target price as interims on track

We have increased our DCF-derived target price to 750p (from 550p) on the back of interim results which suggest the capital investment in Technical Fibre Products (TFP) is beginning to pay off as sales rose 25.2% in the first half. We have maintained our group adj. PBT forecast at £3.9m despite dollar strength and euro weakness impacting profits. We have increased our medium-term cash flow projections and with a more realistic 10% WACC and 2% long-term growth rate assumptions increase the target price to 750. Buy rating.

[yogi] 10/11/2015 13:30

Extract from today's half year results - steady as she goes!OutlookIn the remainder of this year, James Cropper Paper is on track to deliver modest growth in a competitive market. Further growth in TFP is expected, while the new 3DP business will set a new course for the Group in 2016 and beyond.It is anticipated that the Group will continue to operate in line with the Board's expectations for this year. I am pleased with the progress we have made in the first half of this financial year and that focused operational and commercial initiatives continue to strengthen our long term prospects.Mark CropperChairman

[hybrasil] 06/11/2015 13:04

sold some at £7.10

Now thinking of buying them back

[garbetklb] 13/10/2015 23:24

Any idea who's buying? We bought from early Sept to early Oct, but not enthusiastically enough (lesson learned), stopping at 625p.

They held a major open day on Wed 16th, opening their new TFP production line - I wonder if this has prompted the surge in interest?

We would be back as buyers, but only on a significant fall back.

[yogi] 13/10/2015 13:26

Steady as she goes!

[yogi] 10/10/2015 00:24

Nice week to be involved with Cropper!

[yogi] 07/10/2015 18:08

I expect you are making a nice return hyb and good on you for that. The f35 story and the possible movement on commercial aerospace e.g. A350 composite wing and forth coming production rate increase on that line is all very positive!

[hybrasil] 07/10/2015 16:51

Have been in these for a very long time. When I went to see the company in 2002 I was told that TFP would take a long time but that it would happen. They were right about both.

[yogi] 01/10/2015 16:13

Like to understate things!

[20heronsmead] 01/10/2015 14:47

+25% in a month is a bit better than a creep up in my book!! Half year last year was 11th Nov.

[yogi] 01/10/2015 13:41

Continues to creep up?

[yogi] 27/9/2015 21:27

See recent news which may explain some of the movement....Celebrating 170 Years of Innovation17th September 2015Celebrating a landmark anniversary, James Cropper PLC looks to the future with the opening of a new production line at Technical Fibre Products and a celebration event for over 800 invited guests.The first sheet of paper emerged from Burneside Mill, Kendal in 1845, 29 years before the first ever telephone call and 89 years before the first tube television was commercially produced. 170 years later and James Cropper PLC embraces the spirit of modern innovation as the company celebrates nearly two centuries of British master papermaking and the opening of a third production line for the advanced nonwoven business, Technical Fibre Products (TFP).James Cropper PLC is a company with its roots firmly planted in the Lake District and with six generations of the Cropper family at its helm. Sir James Cropper, Honorary President of the company, will formally open the production line on Wednesday 16 September 2015.The state of the art line doubles TFP's production capacity and is the latest in a line of improvements for the business, including the world's first commercial nanocoating facility in the US. TFP's advanced nonwovens are exported worldwide and these highly specialised materials provide innovative solutions across a number of growth industries. Applications range from enabling the thermal management of the ESA satellite GAIA to playing a crucial role in facilitating the light weighting of the latest generation of commercial and defence aircraft.Adapting almost two centuries of manufacturing expertise is at the heart of the modern day James Cropper PLC, with TFPs wet-laid, nonwoven materials taking the principles of papermaking in new directions. A decade of investment has seen James Cropper PLC invest heavily in both production and improved sustainability, including the Reclaimed Fibre Plant opened in 2013. Paying tribute to the vision of the first James Cropper and years of success, despite war and economic turbulence, guests will be invited to tour the working mill and TFP facility.Mark Cropper, Chairman of James Cropper PLC, said: "Six generations worth of high standards and values are one of the reasons why we are where we are today, so the past plays a significant part of what we are, what we have become and what we want to be. Needless to say, as a global trading company with manufacturing operations both in the UK and US, the company leads in technological advancements in the materials industry. Our people have the foresight to anticipate changes in demand and use of our products and respond accordingly. This is what I believe to be the essence of our success and leads us to expand the Technical Fibre Products business."Responding to customer requirements as well as adapting to changes in the paper industry, 2014 saw James Cropper Paper strengthen and streamline customer experience, many from the luxury packaging industry, by combining its production and converting businesses. Sharing the traditional site of production in the village of Burneside, as well as having production facilities in Crewe, Cheshire and New York State, USA, TFP is one of the company's youngest and most successful ventures. A knowledge based manufacturing company, TFP has been specialising in developing nonwovens for highly technical and challenging applications for over 25 years. Martin Thompson, Managing Director of TFP, said: "James Cropper PLC develops progressive, ideas-based companies with international reach and we proudly share our history as well as leading in our respective fields. The installation of a third production line at TFP is an exciting and necessary step to meet rapidly increasing demand and facilitate delivery of the company's successful growth strategy. The installation of the new line represents the latest step in an accelerated programme of capacity and capability improvements for the company."Celebrating 170 Years of Innovation

[20heronsmead] 24/9/2015 15:01

Only bought in at the end of August on the pullback @ 514p. Bought as a long termer and hadn't expected this recent rally. Any views as to why we are getting the recent rally?

[yogi] 24/9/2015 12:13

Break out and a new high!

[yogi] 23/9/2015 11:30

Testing previous high.....

[yogi] 21/9/2015 11:42

Bit of movement today......