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£1.25 oh dear. How much are you down?
Samson123.
Many thanks dreamers. With your help I've accumulated a substantial amount of shares within a tight range. Average price £1.25. My program will continue until the Company asks for a trading halt to identify the accumulation party. The buy/sell program will immediately kick off again keeping the SP in a tight range.
What price are you holding it at ?
Its P/E ratio for 2020 sits bang on top of the widely-accepted benchmark of 10 times (or below). And its dividend yield for this year clocks in at a meaty 4%.
At least it's not sell
Steve305.
I'm sure your mummy told you not to invest in anything you don't understand. I'm currently running a program that hoovers up every market trade. I intend to leave running until the regulator steps in. In the meantime, I can hold the price at any level I choose. If you had any sense you would sell now. The intention is to dilute you off the register. Take your dummy home to mommy and put it in your piggy bank while you can. Sound advice. Take it
Ah. Another one. Trying to get rich on others efforts. Lazy sod. You certainly can't move the market. Stop clogging up the share register. If you can't be polite, keep your moth shut
what are you talking about if you think you can effect this stocks sp with a post like that you are off your trolley grow up you fool.
Move on. Sell your measly nuisance holdings and allow others to buy. Long term farmboy legacy holders will soon be shifted. Management is weak and only clout will force change.
yes, it is big local player in my part of the world and you can see it is very busy - not affected by CV-19 so a decent prospect. ....... and that divi is great news
Thanks for the tip Steve.
Not going to pretend I’ve spent ages reviewing this but the company has more debt than I’d like, meaning the EV/EBIT ratio is about 13 at the current price, which isn’t cheap. So, without it looking as though there’s going to be much growth in the next year or so, I’m going to sit this one out.
Best of luck to all of this in and sorry if I’ve missed anything important with my crude analysis there.
Double dividend to be paid on 2nd October. Normality is slowly returning to life!!!!!!!!
10.10am today sp takes instant drop to £1 triggering some stops.
10 mins later all shake shares sold now people will be paying more to get back in mm are very crafty easy money i never put auto stops in.
2019 Adjusted PBT £18m, strong Balance Sheet, cash generative. Carrs operates in specialist global markets in engineering and agriculture which should continue to give opportunities. The interim results were well explained, bought after the sale of Carrs Flour and since and have been very happy with the Dividend growth since. July will be soon be here.
Also dividend delayed (cancelledmaybe for the first time in 20years I've been holding) maybe not such a safe pair of hands as was. Need to keep an eye on this now.
The share price has been going nowhere for years. I topped up at $1.45 last April and am thinking of doing so again. Quite glad I got rid of most of my holding 3 years ago (for a few years after foot and mouth I had quite a lot - "I liked the flour so much I bought 0.3% of the company").
But I think we may be due another of those very pleasing extended rises, like back in 2010-12, and 2003-5, so I'm dipping my toe in for a few more - divi covered several times over, decent profit growth, Brexit effect on British agriculture exaggerated, bed-blocking dead weight Chris Holmes finally heading for the door, leaving management to get on with it without him.
Up and down each day. Yesterday opened at 161 then down to 151. Very little volume. MMs seem to find it a tricky stock to buy and sell. I think it should do well after Brexit.
Edison have increased their estimate to 190p based on these results. Brokers usually base these estimates on a 2 year ahead window.
In a difficult period Agriculture has held up well compared with some of its peers. Their continuing investments in international diversification, animal feed technologies and regional strategic acquisitions are growth drivers.
Previous sales of both flour and fertiliser divisions signalled the move away from low margin commodity businesses to higher margin lower risk activities.
In Engineering their businesses are involved in highly specialist activities which have potentially international applications in nuclear safety.
For the medium term the expectations are that these will be a significant value creator for the company.
https://www.edisongroup.com/publication/engineering-growth-continues/25519
https://www.edisongroup.com/wp-content/uploads/2019/11/Carrs-Group-Engineering-growth-continues.pdf
Good final results. Everything seems up by a little. Solid business.
Brexit safe as well.
https://www.edisongroup.com/publication/strength-through-diversification/24623/
Interim statement due on 15th lets see what that brings.
Have increased my holding as the market while the price has adjusted to fears of a profits warning.
The read across to Carrs of others' misfortunes may turn out to be misjudged.
Carrs business and key profits drivers are international and diversified well beyond UK agricultural and feed merchants.
This could be due to the dire profit warning from fellow 'feed producer' Wynnstay as much as Brexit or other excuses.
The AGM statement was in line, the engineering side seems to be very positive and I suspect Wynnstay's warning coming out of the blue might have a whiff of poor management as well - if so this could be a buying opportunity for Carr.
CEO broadly kept to script of presenting AGM Trading Statement so no surprises and no warnings or concerns.
There was confident statements that acquisitions and investments are positioning the company for future growth.
Some specifics:
1)The Walischmiller remote handling contract for $8.5m is strategically a very significant entry to the USA market.
2)Acquisition of Animax provides a market leading product with high quality IP. It has large potential for international growth.
3) Pearson Agriculture acquisition has been fully integrated and is performing well.
Strategic priorities are:
A)Focus on markets with strong growth potential
B)Developing as an International Business.
C)Innovation and Research
D)Leadership in our Market Sectors
Edison AGM update
https://www.edisoninvestmentresearch.com/research/report/carrs-group896737/preview
Edison Strategy Update LOTS OF USEFUL INFO
https://www.edisoninvestmentresearch.com/research/report/carrs-group482169/preview
For info the Trading Statement today the two significant MSIP contracts mentioned must refer to NuVision Mechanical Stress Improvement Contracts
http://www.westinghousenuclear.com/Portals/0/operating%20plant%20services/plant%20modifications/modification/NS-IMS-0051%20MSIP.pdf