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I was unsure of what to do, crl has been a good holding for me, I generally like the company, the way it is run and the people running it(from their webinars). Given its ups and downs I do trade it a bit whilst keeping a core holding. I last topped up the other week when it dipped to 50p but have not sold any since.
The ' over-all performance remains on track' was enough to keep me invested but unless it drops to low 40's I will await the results before purchasing more.
I am trusting that it was rather more of a question of a poorly thought out response to emails about the publication of the results , tacked onto the directors options rns which they needed to put out; no one would have thought much about if the latter was not at 7.00am
Honestly the update didn't seem that bad. Yes it was strangely worded and strangely timed, and they need to work on their investor relations, but within all that they did say that performance remains "on-track" despite the various challenges. It's not like we're trading at a particularly aggressive multiple.
Ok Íll try and keep quieter now. As someone on advfn chat said the sneeky slip in of an rns during the trading day is a red flag. Íve trimmed my holding significantly to enable a better night´s sleep. I never thought I would loose trust in this company´s board, but I have. It´s such a shame imo. Good Luck All.
On reflection and having re-read the rns I can only assume that it was written by someone who has had a severe dose of The Boris flu or that someonés child got hold of the password for submitting company rnses it just gets more and more perplexing. D´you think they´ve shut up shop and flown off to St Tropez?
I emailed them Monday and they didn't reply to me either
Quite agree, Monkshood. Notice ought to have been issued weeks prior and the lack of guidance on revenue disappointing.
Believe considerable upside in CRL, though reservations brewing in wake of today's RNS- omission of guidance owing to ineptitude, or is bad news coming? Myself, I expect middling results, SP slide back into 40-50p range but long-term opportunity remains.
'The Board has noted the occasional significant movement in its share price in past weeks but wishes to state that it is not aware of the need to make an announcement in connection with this recent movement in its share price.'
No ambiguity about todays move- the result of a very poorly worded rns and no real explanation as to why they delayed the results....
They could have issued this a couple of weeks ago, just said results will now be in August, and that despite some challenging supply line issues, given their mix of products their performance is still on track.
Ideally they would also say we expect revenues to be £50/55m? and that current trading is good/bad/average.
I also emailed them without getting a response and also tried to ring them but there was no way to get through to talk to anyone. Maybe they are self-isolating and havent yet seem wére allowed to come out again. PZ Cussons may be a better bet Ím thinking.
I find it hard to know how to interpret that update. Certainly agree that it could have been handled better.
I emailed them a week or so back about when they were going to release the results and they did not reply- not very professional.
They only introduce the sanitiser at the end of March so there will be little revenue and probably some costs on last years accounts. I would have thought that their other product ranges would have still sold. They also have an online portal which should have helped.
Launch new hand cream "stock market wire"
https://www.stockmarketwire.com/article/6994456/Creightons-launches-new-hand-cream.html
Slightly encouraging.
Still the price drop is a bit knee jerk given the volume. I still think last years figures, which they are not prepared to share with us should be good. Maybe Someone without my tinted glasses can give a balanced perspective - are they ready to go private? Are we all about to get shafted? Their reticence to share information with their backers is shoddy imo and delaying results, when the year was nearly complete before lockdown, is underhand and shows a lack of respect for investors imo.
I never thought this bod would disappoint but this is ...... sorry .... lost for words.
Thanks for spotting Simmy. Trying to hide this rns in the middle of the day is not on frankly.
Taken advantage of rules allowing delaying results until August. Not an overly encouraging statement and share price has responded accordingly. Hmmm....