Boring Bernie
11 Apr 2016
Trading Update / CCL acquisition Well, last weeks trading update didn't have any surprises in it, but was fairly present reading. Today's news about us buying CCL though, has resulting in a fairly surprising rise in the sp to over £23. Despite the almost relentless rise in the sp over the last four years, I am wondering if it's time to cash in a few here.
II Editor
28 Jan 2016
NEW ARTICLE: Cranswick is reassuringly expensive "The rocket fuel driving LSE:CWK:Cranswick's eye-popping ascent to record highs still hasn't run out of steam. Over the crucial Christmas period the expected easing of volumes didn't occur, which has taken the sausage maker to record highs. Can it ..."[link]
72_fastback
28 Jan 2016
Re: Decent results More solid stuff from everyone's favourite snorker-peddlar.Could've been better but it'll do for now.
Boring Bernie
30 Nov 2015
Re: Decent results Better results, profit wise, than I'd expected if I'm honest.I know what you mean about the cancer scare, people don't understand what "processed" actually means
72_fastback
30 Nov 2015
Decent results Decent enough results, well received by the market it appears.I wish someone had made it clear with that whole "sausages give you cancer" thing that they meant the highly processed hot dog type sausage, not the proper minced pork, herbs and breadcrumbs sort of sausage.
wokwok wokwok
26 Oct 2015
BBC Processed meat cause cancer Processed meat has been modified to either extend its shelf life or change the taste and the main methods are smoking, curing, or adding salt or preservatives.Simply putting beef through a mincer does not mean the resulting mince is "processed" unless it is modified further.Processed meat includes bacon, sausages, hot dogs, salami, corned beef, beef jerky and ham as well as canned meat and meat-based sauces.Red meat is a darker colour than white meat and includes beef, lamb and pork because of higher levels of proteins that bind to oxygen, haemoglobin and myoglobin in blood and muscle.Why do they cause cancer?Suspected carcinogenic chemicals can form during meat processing. These include N-nitroso compounds and polycyclic aromatic hydrocarbons.
II Editor
01 Oct 2015
NEW ARTICLE: Expect fat profits at Cranswick "Sausage maker and headline writer's favourite LSE:CWK:Cranswick has had a stunning few years. Its share price has doubled since 2012, driven substantially by a slump in pig prices which reduce costs. It's also breeding more pigs itself these ..."[link]
equity_dev
12 Jun 2015
See company management present 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. [link] presenting are OptiBiotix Health and Staffline.Thanks,The Equity Development Team
II Editor
01 Jun 2015
NEW ARTICLE: Cranswick: Masters of the supply chain "For decades Cranswick has found stability and growth in an industry under pressure from all sides.In full-year results to March 2015, announced on Monday, meat producer, pig farmer, pastry and sandwich maker Cranswick reported a 1% ..."[link]
oldjoe1
13 Apr 2015
Re: CWK Broker View.... <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.
oldjoe1
12 Apr 2015
Re: Cranswick Look cheap Says Questor...... Cranswick£14.13+13pQuestor says BUYCRANSWICK [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 for each of the next two years, and the payments are covered more than twice by cash and earnings.The shares have had a quiet year so far, up just 2.4pc, which is well behind the wider FTSE 250 that has risen 9.8pc 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.We think this company is a core portfolio holding as it delivers a steady profit performance and decent dividend growth.The shares could catch up with the market for the rest of this year and a pleasant surprise around profit forecasts at the full-year results in May could spark upgrades. Buy.
oldjoe1
10 Apr 2015
CWK Chart looks Bullish...... CWK Cranswick PLCStock is rising up towards ceiling of Up trend channel. Last high will be ultimate SP target. [link]
oldjoe1
10 Apr 2015
CWK Broker View.... <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.
oldjoe1
10 Apr 2015
Cranswick Look cheap Says Questor...... CWK CranswickQuestor......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”.
albent
06 Apr 2015
Cranswick infographic Some futher details on Cranswick [link]
