Carrs Group Share Price (CARR)

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.