simple18 Apr 2018 02:07
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......
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