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Well, we have reached £ 30 so what now are you going to do ? I wish I had bought more back in June. Still intend hold.
Encouraging results and an excellent acquisition. £30 next stop.
It has had a positive impact on today's results.
How is swine fever in China going to affect things?
Nice Director buy
My initial target is £30
Write up in Shares Magazine this week, tipping CWK on the back of its biggest rival going through a lot of problems, and Cranswick sweeping up the contracts.
I like this company but was worried about paying too high of a price for it as I have been stung before buying at the wrong time (I think we all have!). I have just finished reading a book called 'investment economics & risk' which has actually changed the way i see these markets and I have learned that there is more going on and much more to consider when we just look at prices over a period of time. I am not sure if we will see a pull back if it fails at £30 but i will be buying these in installments for a little while. Hopefully the market will be kind and come down a little bit to let me in....
The market did not like 3,000 - I wonder if this could be a ceiling on the price, maybe a double top at 3,000. This share has been going up almost in a straight line for a long time
Jungle drums are pointing to share price lift to a further strategic move by the BOD
Three more small volume SELLS today! Possibly a bad time to Sell given this arguably too low price, and so close to interim dividend payout. Arguably all the signs suggest that CWK will continue to climb throughout 2017 / 2018 - I HOPE! Venceremos!
YES, yet another recent aquisition by CWK - love them there chickens! Was thinking of selling some when they next reached £24 but as the forecasts are as high as £40 by end of 2017 perhaps better to sit back and let the Board, Management and Workforce do their thing as they have been doing successfully for many years now.
Questor Cranswick shares hit record high on chicken profits Overall the underlying pre-tax profits, which remove one-off accounting charges, gained 10.6pc to £57.8m.. The FTSE 250-listed sausage maker is enjoying strong sales and has a good long-term strategy to expand, says Questor 30 Nov 2015 |
Date: 30-11-2015 10:36 Sausage, bacon and poultry products supplier Cranswick (CWK) is in sizzling form, the shares up 3.1% to £17.53 as strong interims and confident commentary ahead of the key Christmas trading period drive full-year profit upgrades.
If you would like to see Mark Bottomley, Finance Director, present on behalf of Cranswick, with the opportunity to ask him questions please follow the link below. The forum will be held on Wednesday 24 June from 5pm and registration is free. http://www.eventbrite.co.uk/e/equity-development-investor-forum-june-2015-tickets-17242451637?ref=ebtnebregn Also presenting are OptiBiotix Health and Staffline. Thanks, The Equity Development Team
Cranswick good for the long term: Cranswick, the East Yorkshire-based sausage maker, may have experienced a slight dip in reported profits in yesterday’s annual results. But looking into the detail shows that its move into cooked meats and pastries will create a more profitable future. The falling prices of pork - down to about 130p per kg from 173p per kg two years ago - led to a 10% drop in fresh pork sales, while a £4.2 million accounting charge relating to the value of Cranswick’s herd of Yorkshire pigs. So, reported pretax profits were down by £2 million on a year ago, to £52.8 million to the end of March. The sales of pork pies and sausage roles helped pastry sales jump 72% higher during the year. Overall the underlying pretax profits, which remove one-off accounting charges, gained 10.6% to £57.8 million. The shares are trading on a forecast price-earnings ratio of 16 times. This looks fair given the track record, cash generation and strong balance sheet. The move to more profitable areas of food production looks sensible and the above inflation dividend increase make the shares one for the long term. Cranswick at £15.51-37p. Questor Says “Buy”.
Own shares in Cranswick...............................
Why today's rise? Just the election or something more?
<b>Cranswick plc Receives Buy Rating from Investec (CWK) Posted by Shane Hupp on Apr 9th Updated Apr 13th 2015</b> Cranswick plc (LON:CWK)‘s stock had its “buy” rating restated by research analysts at Investec in a report released on Thursday. They currently have a GBX 1,615 ($24.08) target price on the stock. Investec’s price target points to a potential upside of 15.36% from the company’s current price. Cranswick plc (LON:CWK) opened at 1424.0000 on Thursday. Cranswick plc has a 52-week low of GBX 1148.4189 and a 52-week high of GBX 1499.0000. The stock’s 50-day moving average is GBX 1401.78 and its 200-day moving average is GBX 1375.48. The company’s market cap is £698.07 million. Cranswick plc is a United Kingdom-based supplier of food products. The Company is focused on the supply of fresh and processed food to the United Kingdom food, retail, food manufacturing and food service categories. The Company provides a range of pork, gourmet sausages, cooked meats, charcuterie, hand-cured, air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.
Cranswick £14.13+13p Questor says BUY CRANSWICK [LON:CWK], Britain’s largest sausage maker, said yesterday that it had enjoyed a strong finish to the year on rising sales of fresh pork — the sort of encouraging performance that underpins why we think the shares make a good addition to any portfolio. The FTSE 250-listed company boasts a solid balance sheet, excellent cash generation and it likes to return that cash to shareholders through regular dividend payments. The company said that sales of pork products accelerated throughout the second half of the year. Mark Bottomley, finance director, said it was strong demand for fresh pork that really helped sales recover. Sales of pork products during the three months to the end of March were 4pc higher than the same period a year earlier, and up from 2pc growth in the third quarter. That second half sales performance meant full-year sales were up 1pc, a steady improvement on the sluggish first-half. Market consensus is for full-year revenue at the sausage maker to break the billion pound barrier and reach £1.01bn, giving pre-tax profits of about £57.1m, up from £54.8m a year earlier. Cranswick is able to serve up rising profits despite fairly flat sales because it is being helped by falling costs, which are largely made up by the main ingredient in sausages which is pig meat. Pig prices have fallen from a record high of 173p per kilogram at the end of 2013, to about 130p today. Mr Bottomley said the main reason for this was the falling price of wheat which is used for animal feed, and makes of about three quarters of the cost of rearing a pig. Cranswick has also been taking greater control of its cost base and supply chain by expanding its pig breeding and growing facilities. The company now supplies more than 20pc of its weekly meat demand of some 50,000 pigs from its own farms in the UK. Mr Bottomley said he expected that proportion of own meat to increase to about 30pc during the coming years. As well as taking control of costs, the company is also trying to move into products other than just sausages that are higher profit. It has invested £25m during the past year improving its cooked meats facility. Mr Bottomley said sales of products such as pulled pork have doubled in the past year. The acquisition of the pig farming business and investment into new production facilities saw debt levels increase at Cranswick and the company should finish with net debt at around £17m. However, with strong cash generation the debt levels are forecast to reverse to net cash of almost £5m within 12 months’ time. The strong cash generation also means steady dividend payments for shareholders. The company is entering its 27th year of dividend increases and is expected to pay about 35p in annual dividends for the year ended March 2015, leaving shares on a 2.5pc prospective dividend yield. The dividend payments are forecast to increase by about 8pc f
Own 7500 shares here...........................
CWK Cranswick PLC Stock is rising up towards ceiling of Up trend channel. Last high will be ultimate SP target. http://content.screencast.com/users/thomaser/folders/Default/media/ea802baa-5ee4-493d-94c6-0759910dc60a/cwk%201.jpg
<b>Cranswick plc Receives Buy Rating from Investec (CWK) Posted by Shane Hupp on Apr 9th, 2015</b> Cranswick plc (LON:CWK)‘s stock had its “buy” rating restated by research analysts at Investec in a report released on Thursday. They currently have a GBX 1,615 ($24.08) target price on the stock. Investec’s price target points to a potential upside of 15.36% from the company’s current price. Cranswick plc (LON:CWK) opened at 1424.0000 on Thursday. Cranswick plc has a 52-week low of GBX 1148.4189 and a 52-week high of GBX 1499.0000. The stock’s 50-day moving average is GBX 1401.78 and its 200-day moving average is GBX 1375.48. The company’s market cap is £698.07 million. Cranswick plc is a United Kingdom-based supplier of food products. The Company is focused on the supply of fresh and processed food to the United Kingdom food, retail, food manufacturing and food service categories. The Company provides a range of pork, gourmet sausages, cooked meats, charcuterie, hand-cured, air-dried bacon, gourmet pastry products and sandwiches through retail, food servicing and manufacturing channels.
CWK Cranswick Questor......BUY <b>Cranswick shares look cheap</b>: Cranswick, Britain’s largest sausage maker, said that it had enjoyed a strong finish to the year on rising sales of fresh pork — the sort of encouraging performance that underpins why we think the shares make a good addition to any portfolio. The FTSE 250-listed company boasts a solid balance sheet, excellent cash generation and it likes to return that cash to shareholders through regular dividend payments. Sales of pork products during the three months to the end of March were 4% higher than the same period a year earlier, and up from 2% growth in the third quarter. That second half sales performance meant full year sales were up 1%, a steady improvement on the sluggish first-half. Cranswick has also been taking greater control of its cost base and supply chain by expanding its pig breeding and growing facilities. The company now supplies more than 20% of its weekly meat demand of some 50,000 pigs from its own farms in the U.K. The acquisition of the pig farming business and investment into new production facilities saw debt levels increase at Cranswick and the company should finish with net debt at around £17 million. However, with strong cash generation the debt levels are forecast to reverse to net cash of almost £5 million within 12 months’ time. The shares have had a quiet year so far, up just 2.4%, which is well behind the wider FTSE 250 that has risen 9.8% so far. The shares are trading on a forecast price-earnings ratio of 14.6 times, falling to 13.8. This looks fair given the track record, cash generation and strong balance sheet. Cranswick at £14.13+13p Questor Says “Buy”.