We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
if you look back to the rns from early 17 you will find it.
at the moment I think there ok until at least Christmas..it was spring iirc..thing is they have a option to "buy in" with major share holder at 15p per share.......for upto 25%.... so there is more capital available than via dilution long term......it was a sensible move....to buy breathing space....at least at 7.5 times leverage that "would" be raised by dilution....
When will Crawshaw Group need to raise more cash?
as I said its truly ridiculous.
I do wonder with meat being THE expensive shopping ingredient if deliveries as an option are the answer.
you could do your shop at aldi and have the better meat delivered? I am sure some will pick it up on their way home each evening but I tend to shop for 2 weeks and freeze it.......just but the veg fresh.
what a sad level its reached tbh.....I only hope somebody has the sense to identify where the profit and or waste is is....not the turnover/footfall....repeat customers is key with shops not just a new fad and bang...gone....
I am not sure it has realy has anywhere further to fall at least a dilution isn't on the cards here......not much of a silver lining I know....
Crawshaw Group warns on profits as high street gloom continues
30 August 2018 | 08:35am
StockMarketWire.com - Value butcher Crawshaw Group warned Thursday group sales would be flat through January next year and expected to report an operating loss as high street gloom continued to hurt performance.
'The Board expect the full year Group sales to January 2019 to be flat on the previous year and underlying operating loss of approximately £3m,' Crawshaw Group warned.
Half year like-for-like sales fell 13.2%, and group sales for the first half of the year fell to £21.6m from £22.1m a year earlier.
The company blamed the poor results on rising shop rents, high business rates, lower footfall and increased discounter competition.
The new leadership team, who joined the business in late May, is expected to announce how it plans to rectify core issues affecting the business, when interim results are released on 26 September.
I have a bone to pick with the management. What a sauce they have to pick up wages while investors struggle to make ends meat!. I am stewing tbh.
Do you think if they say Halal the share price will crash another 50%???
I dont know, we hall see.
I certainly think aldi meat isn't up to much. as far as supermarkets only asda seems to have the choice and variety in supermarkets. the others pre packaging is limiting. aldi is not a place to buy meats from choice however some people have said avoid butchers as they are too expensive! so maybe the people who comment are too cheap to use it! but I think it is under-priced. states that staff think they have identified the problem in the statement, lets hope it being ran in a way that doesn't use aldi as the baseline........because their meat is pretty dire on choice.....you only have to look at shelf area given to chilled meats and the variety in the packaging to realise one size doesn't fit all, same with Tesco and their packaging.......but then asda being associated diaries background I would guess they have the experience of knowing 1 person or a couple or 1, 2 or large families are the option.
Sainsbury's is usually my yardstick....but there's the rabbit for you, others said they would buy from a butcher. or couldn't if they dont live near one. they did seem to have much better deals than an average high street butcher.
as I said if asda/Sainsbury's can make deliveries pay and floor space ad shop overheads are so bad maybe that's the answer.
I just hope it isn't run down until there is a takeover......
There were plenty of red flags pointing to a large future loss.
The management need to spin off the factory shops into another listen vehicle and put the high street shops or rather the profitable shops up forsale or put the high street shops into administration for the two sisters group to snap them up cheaply , and leave the factory outlets to aggressively expand nationwide .
To loose £3m. And only be valued at £4+m is the ingredients of a car crash situation.
Only for the very brave ,,,,I'm a non investor ,,,,,AIMHO,,,,,GLA
If you visit the stores you will find your answer straight away. Who can be bothered shopping separately for meat when it’s not much cheaper then Aldi, I buy 4 meats a week at a cost of say £10 if someone said I could get the same at CRAW for £8 quid I couldn’t be bothered making the extra trip, not got the quality of a local butcher and it’s not much cheaper than cheap supermarkets, imo it is a failed concept unless they dump all the high street shops and improve quality at the farm shops and change the name to something more upmarket it’s another casualty imo
perhaps with the internet vans and home deliveries are the answer to high overheads......
well they cannot blame poor weather this time as a basis for it. perhaps the high street butchers were more of a contributor than they knew?
35% down already , my gamble didn't payed off.
Maybe, but rent and business rates continue to increase significantly year on year plus the living wage etc. have increased overheads.. you are right about the supermarkets - they must sell many products with low margins to increase footfall ..
it is very bad trading update, i can see 50% drop today .are people becoming vegetarians or they using the supermarkets?
Not a gread trading update - seems like shareholders will have to wait a while longer for any share price recovery.. cash now £3.3 million .. a lot now depends on the turnaround plans due with the next results
Agreed, this is one of the retail business at present no bearing to Trump's policies or global issues IMO, most large shareholder bought between 15p to 60p. GLA
I do understand its dropped away.........and some have bought in at over 10p..just think of those who were in at 60p...been a while but I remember the largest holderr has option to buy further shares at 15p which means no worries about financing in the near future..even if the sp is crap...and you can be sure that you are going to be heading quite a bit north of that if your prepared to wait .......reading you earlier post I think there were 53 or 54 stores...ish. iirc not 40 from their website.
if you want to try and work a ball park figure for the market cap value......it might make a difference. hopefully you can see the light at the end of the tunnel not have tunnel vision with no light.....especially if the basics underlying your figuring makes you think go figure! as it did with me at this price!
OR THAT costly ........dont know why posted and went to caps while typing
50 odd shops at a market cap of 5/6 million........each shop is probably worth better than 1/2 a million,,,,,,hard not to be bullish about a butchers........it really really is at LEAST 5 times undervalued......on a BAD day. There stuffs not bad either! Or THAT
so far looks like dead cat bouncing
Barnsley Market Closure
After 17 glorious years we are sadly pulling the shutters down for the final time at Barnsley Market this Saturday 11th August due to the impending closure of the market hall. We want to say a huge thank you to all our loyal customers over these 17 years and we look forward to seeing you all again at our lovely factory shop which is only a 4 minute walk away opposite Morrison's where Ian and his great team will be delighted to see you all. Here's to another 17 years in Barnsley.
Number 2 on the leader's board,37% up definately something is brewing or a trading update
They have expanded into the lucrative business to include 'Halal meats' to include in their shops and super markets imo.
Average volume 155.18k
Shares outstanding 113.03m
Free float 69.28m
P/E (TTM) --
Market cap 5.65m GBP