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Happy for the price to stay down until after Divi payments on Friday. Wonder how many small (non institutional) shareholders there are, if they have they run a share save scheme for many years?
Any sensible suggestions on huge numbers of small
Sells? Tidying up share register before buy out?
All motions carried by 99% except the last two: Authority to purchase own shares , and authority to call short notice meetings.
Don't understand why these innocuous motions failed.
Did anyone go to the AGM ? Any news ? How was it ? Gather there wasn't any lunch - ICC wouldn't have been happy !
Maturity in sharesave scheme for carrs? think all the small sells will be from that maturing.
Are we expecting any bad news at the AGM? New board seem to be popular and need to give them a chance.
Hope the drop is not a sign of bad news at AGM? Looks like lots of small sellers?
Pleased to see Harwood buying again. I think they must be largest single shareholder now. Their man on the inside so must be optimistic signs?
Https://uk.investing.com/analysis/carrs-group-cautious-optimism-200597218
Put the shovel away for now and have a mince pie but don't go mad.
This is just where we need to be….
‘’Listed engineering and agriculture group Carr’s is looking for new opportunities “in areas like clean energy, global demand for sustainable protein and emissions reduction” as it puts a turbulent year behind it. ‘’
Decent enough in the circumstances. Divi is held at least and some murky finance hopefully put to bed. Profit suffered due to writedowns so perhaps this will recover quickly when growth returns. Set a stop loss of 90p which thankfully hasn't been triggered but the SP needs to gain traction so I can't guess which way it goes next.
I believe that Carr's has a good CEO to deliver the groups strategy, one which has not been articulated properly for the last few years. The group has an excellent balance sheet and some excellent technology both in Agriculture and Engineering, it is a tragedy to see this pitiful share price.
With all those high flying new team/board members the ‘’Group’s strategy’’ , at least has to be joyous!
Results on 21st December. Good time to bury bad results, or good time for joyous news?
This week hopefully particularly the last line!?
‘’The Group intends to announce its results for the year ended 2 September 2023, including an update on the execution of the Group's strategy, in December.’’
Chris Mills was speaking at Mello this week and was keen on Carr's and Eckoh where Harwood are building stakes. (I hold both and will be adding)
This was reported on Stocko by one of the subscribers who's interest was raised to a point where they have decided to start a position in Carr's. He/she is a prolific contributor on Stocko so this could lead to spreading the word and getting more interested. The more the merrier I say.
Is Harwood buying on the cheap…?
Similar thing happened at Premier Foods with the internal promotion of Alex Whitehouse and Duncan Leggett. Then the share price went from 5p to £1.40 over a few years. External appointments over the previous years had dragged the company to the bottom by selling off lots of Iconic brands. Therefor I am hoping this will be a good move.
Page was an unmitigated disaster as chairman & CEO as I laid out in August and I personally am glad to see the back of him . Elevation of CFO is imv a surprise given hes hardly been in the business any length of time but suspect that Harwood engineered it thus as hes likely to be more collegiate. CFO appointment is very interesting given his background in PE- no one in right mind would move to Carlisle unless that is one sniffs a big opportunity! The fact is that this company has never managed to make most of its assets & expertise, and hopefully that will start to change. That said, ag market is weather & broad economy dependent and nuclear is govt dependent so still a business with v little control over its markets.
Bit mean to mark the shares down when the ceo is finally leaving - although to call it a 'leadership' change may have been a stretch. Also still don't like that Harworth is acting like a glove puppet, so don't expect shareholders to be the main focus when you have a hand up your bottom!
Still it will be worth keeping a watching brief to see if they can successfully re direct the company....
Https://www.lse.co.uk/rns/CARR/outcome-of-shareholder-engagement-eufnq0gifns24ab.html
snouts in the trough got a tweek!!!
Thanks Fevertree re time to sell the other half - I have put it amongst Monty Don's 'jobs for the week' with turning over the compost heap!
Did try and say everyone possible should vote against all the Directors - their Trading update did say '...thereby freeing up key resources to focus on priorities in the remaining businesses'.
I presume this means engaging more costly consultants to help them free up (sell) the other 2 businesses so that they can concentrate on...ohh we seem to have nothing left.
Fortunately I did put some of the previously sold monies into NWF who have similarities - but with some management as well!
Good luck those remaining here, it seems the best option is to wait for a takeover or breakup but much capital may be destroyed before that happens, as it's not exactly an AI type opportunity. For that reason I'm out....
Give it time Samson.... best outcome is a Harwood-engineered break up with the Specialty Ag business going to a new home, and the nuclear engineering business being sold to Rolls Royce or similar nuclear focused engineering group with the heft and competency to exploit ythe tech and IP within the specialist engineering ops. Oh and there's cash on the balance sheet as well....
Send in the Clowns!!!! This is In the category of "You couldnt make it up " announcements. Page as Chairman defenestrated the previous CEO (who'd arrived with great fanfare) and thad him out within barely a year. We then had the ludicrous age of the extension search for a new CEO that dragged on for months until, guess what, miraculously the man to lead the company was there already...one Peter Page. And now guess what, the Board thinks he's not the man. So if he isnt, and they could find anyone who fitted the bill before, then who is ? Answer son a postcard to Harwood Capital... Rudderless company seeks saviour...