Member Info for Whitehall19

Thx Fevertree, you’re probably right! Wishful thinking on my part??

Delay due to finalising the much discussed split; (??)
Carrs Engineering Limited and
Carrs Agriculture Limited.

I don’t think they’ve ever been late and imho there must be something going on post HP departure?

Two conspiracy theories;

1. MBO proposed by Engineering Division
Or
2. Offer or Sale for Engineering Division

In both cases there was a disagreement (Engineering Directors & HP)
His position becomes untenable and he’s left no choice but to resign.

HP to supply the Source??

I think market is now waiting for Nov FY numbers which should be good so priced in already. It’s the numbers for next few years that will drive the price. I see they have opened up a new Retail outlet in Skipton which sounds positive. If the engineering side comes good under HP stewardship and the Farm side continues at a steady but consistent pace then I’m holding fast and probably picking up more shares soon. They’ve been stuck in this range for to long and need a boost, hopefully HP will provide that profit across all 3 divisions! ATB!

When Hugh Pelham joined Gateshead’s Wood Group Industrial Services – then called Pyeroy – it was focused primarily on protective coatings, employed 600 people and was racking up revenues of £35m.

I stand to be corrected but above company was sold to the far larger Wood Group. Hugh Pelham then left? Similar names but…thoughts?

https://twitter.com/edison_inv_res/status/1390653494948990977?s=21

Makes them the 3rd largest shareholder I think. Don’t believe been involved before unless via a Fund Manager...perhaps they now managing their own Pension Fund. It’s a huge number of shares to acquire over recent weeks.

I think they more likely will buy something in Europe that fits Engineering and then list Carrs Engineering on own. Huge upside in Engineering and that’s Hugh Pelham’s ‘bag’!?
Exciting times ahead hopefully after a rather dull five years albeit great dividends and a steady ship.

New Zealand becomes the first country to introduce a law that will require financial firms to explain how they would manage climate-related risks and opportunities.
Carrs have been at the forefront of investing in products that reduce Carbon emissions in both the Agri business and of course their Engineering side. Aminomax being a prime example of reducing Carbon emissions in Dairy herds. It’s time Carrs were recognised for the huge investment they have and continue to make in this massively important area. They are at the forefront of many businesses. Perhaps some mention of the Agi and Engineering Carbon reduction products would be appropriate in next weeks half year results. ??

Looks like a strong start particularly in Int Agg. New broom in so will be interesting to see any changes, probably post pandemic.
Thoughts anyone?

Valuation: Indicative valuation of 170p/share
Our DCF analysis gives an indicative value of 170p/share (unchanged). This approach ascribes a value to the group that looks beyond the uncertainty caused by Brexit, as well as the short-term order delays that are specific to the group’s Engineering division. Confirmation that Carr’s diversified business model can address issues caused by Brexit uncertainty plus news of the major delayed engineering order should, in our view, help move the share price back towards our indicative valuation.(Extract from Edison report just out)

Any thoughts for tomorrow?
2020 Interims at £10.5m PBT. Only £5.8m In second half to be same as 2019 finals which were £16.3m.
I think they were expecting about £18m finals for 2020 so with Trading update in March (profit warning) we should be roughly same as 2019? ?? Or better?

Wynnstay trading update today;

Overall trading since June, when the Group reported interim results, has been stronger than anticipated, especially in September and October. This is across both the Agriculture and Specialist Agricultural Divisions. As a result, the Board now expects that underlying Group pre-tax profit* for FY 2020 will be significantly ahead of current market forecasts.

Have faith...This company could so easily promote themselves as a climate change catalyst via their Engineering products and a company that can assist farmers in seeking a carbon neutral environment, both of which are very much on everyone’s minds and investors. I’m hoping the new broom recognise that the build up in Carrs armoury in the last 6 years is a good reason to substantially build on what they have AND tell the market makers. This stock could get some wind behind it and the new broom should easily recognise this. It’s time?

Certainly a frenzy of buys in the last two days and a nice response on the price. I can’t see the results being disappointing, indeed the contrary. This company has not stopped trading since March. Have taken full advantage of the price when sub £1.00. Will be interesting to see how they present the future; ideas now or await new broom 7th Jan!?

Now yielding 5% and covered 3 X’s. Must be cheap. New management must be dying to get their hands on these shares once out of closed period. Let’s see what they say 23/11 and further of course at the Jan AGM. Broker still has these shares valued at £1.82. Brexit must be priced in well and truly by now. Let’s hope their is some sort of trade deal which will push the shares higher notwithstanding things are not just going to grind to a halt. Retail stores are very busy.
Have been taking advantage of what I hope is a cheap stock??.