Roundtable Discussion; The Future of Mineral Sands. Watch the video 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.
Not much stock of CRL about, so SP tends to move quickly. Hugely oversold and undervalued in my view, suspect I won’t be the only one. Recession shallower and shorter than first forecast- CRL has weathered worse and I believe it will make a big comeback. Multiples to be made here.
Nothing obvious in the news.
A number of small cap stocks have jumped recently, mostly due to a combination of being very under-priced together with a lack of liquidity. CRL's market cap is £20M, so very small. However it is a well run company (apart from a recent glitch on a takeover) and has a good foothold in its market. Its product price points should also suit as we move into a recession. The price, even after recent rises is less than half that of a year ago.
My guess is that any serious buying interest has held off - waiting to see how low it would go. Once they feel the bottom has been reached they start to buy, but as the liquidity is so limited, the price soon rises to the point such investors feel it is the right price and they pause. Not too many shareholders who are still in will sell when the price appears to be finally rising, hence the steepness of the rise. Of course it can go back down in the next few weeks if no further buyers emerge; they we await news of continuing improvement at the next set of results.
Yes a little ??
Any reason for the rise ?
Any regrets yet @Rpmcc?
Creightons management present interim results for the six months ended 30 September 2022.
Video: https://www.piworld.co.uk/company-videos/creightons-crl-interim-results-presentation-december-2022/
Podcast: https://piworld.podbean.com/e/creightons-crl-interim-results-presentation-december-2022/
Good presentation today. Highlights great work of board as they navigate tough economic climate. My view, CRL a well-managed business primed to recover well once inflation starts to fall.
The reason I bought originally, having seen CRL at an investor show in Westminster conference Centre, is strong as ever imo if not stronger. Although we seem, in some ways, to be in a similar position (to back then - 18 months before they had to farm out some of their manufacturing due to big rise in orders. Groundhog - if I wasn’t invested now then I would be buying today. Can’t see why anyone is getting out but whatever Good Luck All.
Hitting the sell button for a loss isn’t easy, but I suspect I could always buy back in cheaper in the months ahead.. No reason to expect this to go up in the short term. Anyway, I’ll watch from the sidelines for now, but I wish you all good luck
well sales are down (offset by acquisitions) costs are up and a loss has been reported (ignore the operating profit, this is before financing costs), so things are not looking ok IMHO, although i think the worst is over and H2 looks like things are improving.
Regarding the acquisitions i did wonder at the time if the 2 'premium' brands were a fit for CRL.
B and S cost about £5m and had revenues of almost £6m p.a. EH cost over £6m and had revenues of almost £4m p.a when acquired.
Today after a full 6 months trading for both we have £1.2m rev and £1.4m rev respectively. Both are significantly lower, B and S by c50%. This is a big red flag
Simply No! What is your view?
Yeah, sell low and buy high. Good luck with that.
Growth will resume when we come out of inflation I would imagine.
Cash reserves gone, growth stalled and costs up.
If growth had continued then I’d have stayed in. That’s the most alarming bit for me.
Sometimes it’s best to just take a loss and move on.
Good luck all.
Bond- agreed for most part, but I believe acquisitions vital to grow and strengthen business.
Brodie and Stone and Emma Hardie each brought in revenue £1.2m and £1.4m respectively in first year, which has successfully offset small dip in CRL’s own brand sales since. CRL diversifying its offering has made it a more robust business in my view.
Any thoughts on what you expect B&S and EH to bring in for CRL coming 3-5 years?
Love the way the management run this company. I just think they had a bit of a moment when they made the last few acquisitions. The business seems to work so well on it’s own that I don’t think they need to be constantly looking for something else to buy. But you are right, I hope, 12 months all other things bring equal for the figures and prospects to be in much better shape. Sadly I think the dividend will need to be back and rising as well. This whole emma hardie saga has put things back 3 years imo. GL.
Bond- certainly not time to sell in my view. A time to buy for those with a few years to wait for 90p+.
Well, as I overloaded at 55p, I won’t be joining you but I hope not to be selling any either.
MrBond007- sales remain as last year, business in profit. Large increase in sales from acquisitions is promising. Market will likely sell off heavily, in which case I’ll buy more ahead of recovery with 3-5 year outlook.
CRL have weathered a lot past 30 years, they’ll weather this no doubt. My expectation is they’ll continue cost savings, growing sales so when inflation reduced results to turn very quickly upwards.
To me. As far as I can see this should take us back to where we were before the drop at the last update. Wonder what mr market will think. Fingers crossed the bad news has been dealt with.
Results out a bit earlier this year. Let’s hope they’re eager to break out the good news!?
Thursday, 1 December, 11:00am
Bernard Johnson, Group Managing Director, Pippa Clark – Global Sales & Marketing Director/Deputy MD and Eamon Murphy, Group Finance and Commercial Director will present interim results for the period ended 30 September 2022, followed by a live Q&A.
Register here: https://bit.ly/CRL_H1_results
shandypants2- peculiar move, granted but look at it this way- clearly the BOD believe their business worth 125p+
Lakesideman- agreed, expect multiples within 3yrs at current SP.
Half year update in Dec. and expect growth to have continued with some benefit of cost savings in results.
Believe CRL undervalued, worth 90-110p. MD expressed bafflement at SP movement, understandably given huge growth in sales.
Well managed, consistent growth and sold down on poor sentiment. Lipstick index- beauty and personal care a market historically known to do well during recession.
Will continue to increase my holding prior to update Dec. few shares in circulation so when it moves, it moves quickly. Market will decide its a winner after the fact.