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Well actually, I bought in here a few years ago at approx 65p per share. Shortly after, it jumped to 94p & stayed there for quite a while. Then, out of nowhere, it tanked. I like others did not see that coming and therefore did not hit the exit button quickly enough & got stung. That's my fault. Schit happens. Now, it is pretty close to the bottom, so what do I do? I see the potential for it to climb back up and recoup some of my losses. So it's all good.
I take it back. they have around 7m in the bank and the total value floated is 5M. It might pay them to buy a millions or 2's worth!!! and hang on for a bit!!! at this price!!
unless I am wrong with the expansion that's going on (which must be costing quite a bit and eating some profits) there making around a 5% loss. They have a bit in the bank (15 ` 20%) . 2 sisters bought in at 16p IIRC with the option to buy more at 16p at a later date. As there expansion is starting to be slower it might be we get back to a positive swing. Its going to get back to that at least where 2 sisters make money and past that I would guess when that option becomes the profit buy in for them. So in the long term I reckon double 16p as a rule of thumb is where its heading. This weather were getting should start to help. The crap weather at the start to the year is going to hurt anyone who has figures based on going out I would guess. I think the line on dropping SP has been drawn, shareholders can start to look at it from the point of going forward. You have to feel for the shareholders who bought in at the top price, but hey, it might get back there in the end...when they start putting out divs again. k When they appoint 2 new board members might see another big jump. I reckon tho, 50 ish shops, at a very very conservative 500,000 each. as a rule of thumb. min is net worth. the SP should be around the 25P mark if common sense were to prevail. Investors have just become very, very weary. Which s good. If everything was priced correctly there would be no money to be made!!!!!! It might really be worth quite a bit more than 25p as 500k is perhaps a bit on the cheap side!!! but there you are. Its the investors that pulled out and lost on the way down that are going to find it hard to jump back in and make it on the way up.
The real value it seems is in the factory shops.,,,,,,a pay back in 12 months of opening one, that sounds like the Jewel in the crown to me. The shops in the high street are under even more pressure with the bad winter , so expect a gloomy result, I would expect the biggest shareholder 2 sisters '' will be wondering how to make a sneaky bid at the right time or buy crawshaw out of a forced administration.. That meat factory looks like a real hidden gem. And we'll worth a opportunistic bid, only in my opinion..... I just might tuck some away after the results are out of the way.even if it moves upwards.
Question I would ask myself at the moment, at around 5p fr a 5p share......there's more value in it, Is the earnings release now going to be the point you get those shifts upwards? there be another stimuli or are people going to see the value return with a climb back to a sensible market value through sheer undervalue ........either way in a year or 2 including the odd few rocket days, you will probably be hard pushed to find better value in waiting. Who knows what's round the corner when it comes to changing a shareholders opinion of worth to it's actual value. I just think a low of 2.6 or 3p was seriously missed window........for me at least. With 40 to 50 Stores......work it out. Certainly seems to me the figures and net worth in PPS are a given......
Ive seen a scenario like that happen elsewhere with Premier Foods. They tanked to 3p a share years ago and shot up to 16p. Granted they are a bigger company than Crawshaws, but the one thing Crawshaws has going for it that PFD hasn't is that here this company is not laden with debt. An announcment of a decent set of results, coupled with the announcement of a half decent CEO & CFO should raise the sp to a more respectable level in my view.
Multiple buys (including my own) showing as sells. Sure they do it to be awkward.
Quite a few vacancies on the Crawshaw website for the factory outlets and shops...plus stores in Midlands and North West so large area covered. This is a good ship that just needs a captain to steer it back in the right direction...but 5p is in my view grossly undervalued for a stock with physical stores selling meat products at prices to rival the big 4 supermarkets...if the pound stores can do it with bargain products then so can a butchery chain....would be great to see the cycle go back as it did 5 years ago with some positive news and do not think this low SP will be here on Wednesday with yearly results...
up nicely now, as we get nearer to a results update im expecting this to reach low teens, GLA not long to wait now
Great entry point for a multibagger in waiting.imo
That's the plan, Borrow.
Nice one...might get a nice return on that one
Yes, one of those was mine, the one for 2099.
5.2p paid.....going to be on leaders board very soon....goodbye bottom prices hopefully
Seems the ask has gone way over 5 now....the sausage has began to roll with those last few trades and could see a nice anticipation run coming up into yearly results now
Good luck All on the meat trolley . Best of All
Just bought 2099 as a small punt. Let's see where the dice falls.
Results due for yearly update on 25th April so this time next week should be a indication of where is going ...still time for a top up too. Also hoping this returns back to a sensible priced SP and that the lows have been reached
Until it hits 15p its a dead cert with whats happened. Really its probably worth 25p maybe more. But until it gets to that level (30p ish) I can bet pretty surely those warrants wont be taken up. There problem for them now is now how to draw a line for a few very disillusioned customers and staff in a certain region with shutting a few stores, trying to expand or change formats keep supply chains and return confidence to investors that probably dont ever see a day where 30p a share is likely or more importantly where any investor who bought in at say 50p per share would gladly sell at 30p not think hang on until its 50p. or whatever they bought in at. I am sure they still want to expand nationally. There not going bust! There just stupidly undervalued and want to expand! They didn't expand that rapidly it ran up debts unlike TASTY has. But in other respects it is like TASTY in its expansion, it has formats in basic operation. It sometimes has little direct competition (TASTY is really a 3 in one restaurant so everyone is happy when they order) but if it has a big share drop, a loss or closures ANYWHERE (again like TASTY), then like TASTY (which cant replace Top man as its really a director/owner operator gone public) it's board has will have to show some sort of manners, draw a line if they are to be taken as a credible firm with a future not just short tem carpet baggers on the board and in the local community. I am sure TASTY will eventually sort its debts out, the principle is a good idea when you dont like the same food, if you look as it's recovery I think you can probably see where CRAWSHAW is going to be heading and trying to put the foundation in with it for expansion. Drawing a line having understanding with shareholders and workers and most importantly with customers is sometimes a tricky balance. Expanding at a pace that there isn't massive debt and growing a network, customer base and profits is tricky. If they become part bakers to widen there customer base with a small choice of few quality breads in the same shop they could within a few years they stop selling meat and turn into a GREGGS, there's are butchers and now supermarkets that deliver! aiming to expand to have stores nationwide with a supply chain and not getting into a heap of debt whilst they grow is doing MUCH better than some. As for putting in place supply chains and drawing a line with people and waiting until confidence returns, enough to see that for a larger nationwide expansion, a supplier who has a heavily invested interest and can ramp up supply at a qty and cost below or on par with supermarkets is the only way the customer and the investor can be sure there not being taken for a mug. Their recovery (SP) has to start somewhere (as did TASTY's), I think Crawshaws not setting off debt laden, running up massive losses, on the backfoot with suppliers or seeing expansion or a higher SP as a pipe dream. GET IN THERE!! must get 2 bed......
Buying continues. Good days ahead. Best of All
reckon its a sound move to jump in......should be heading to the high teens at least I reckon......est 15-25m rough worth and market cap at 5??? then there's the expansion prog.....anyone not onboard soon is going to miss the longer term swing to come.....get in there! That's before they place in new top staff!!!
Look any angle if he was a seasoned day trader he could have made �400 or if he was a short term trader he could make couple of grand, long term investor could be multibag for them :-)
It looks positive news on the way and market expects rerating Crawshaw to its value..imo
True well day traders on long term dont do win..well it's one's choice.. my own experience of 30 years...lost time, money and health...
I noticed that ,but looking at a different angle ,if he makes 200 a day is not bad..