meggar
- 14 May 2003 16:38
Cranswick buys pigs. They have been fiddling the weights so farmers have been underpaid. They have been rumbled and are having to compensate 400,000 pounds for last year and may have to pay out for the last seven years.Share price has dropped 10% in two days so more bad news imminent? Auditors are checking all their records.
cynic
- 30 Jan 2015 15:13
- 15 of 16
UK food producer Cranswick's Christmas trading was strong, with December total and underlying sales well ahead year on year.
Total sales for the third quarter were marginally ahead of the corresponding period last year and trading was in line with the board's expectations.
Underlying sales volumes, excluding the contribution from Benson Park, which was acquired on 22 October 2014, improved by 2% as fresh pork returned to growth in the third quarter. Underlying revenues were down 3% as lower input prices were passed through to the Group's customers. Export sales continued to gain momentum with sales to non-European markets up 38% compared to the corresponding quarter last year.
=============
i recollect that this is a GF favoured stock
sp has dumped since the figures, perhaps rather unfairly
it's thinly traded which explains part of it, but this one may now be worth a nibble - or even a scratching or two
hotshot
- 02 Apr 2015 10:43
- 16 of 16
Pigs Prices are falling.....but not sausages.....margins should improve nicely together with the share price.......worth a Punt or maybe just grunt !