Who are we?

Our operating company, Crawshaw Butchers, currently has 20 retail outlets and two distribution centres across Yorkshire, Humberside, Nottinghamshire and Lincolnshire.

In line with our growth strategy we have now successfully launched eight new shops in Retford, Castleford, Chesterfield, Mansfield, Huddersfield, Doncaster, Bramley and more recently, Derby.

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Crawshaws Fundamentals (CRAW)

Yes, interesting. They weren't mine unfortunately! :o)

PDMR notification

Crawshaw Group Plc ("Crawshaw" or the "Company"), announces that it was notified today by Ken McMeikan (Non-Executive Director) that his wife Melanie McMeikan purchased on the same day 180,000 ordinary shares of 5p each in the Company ("Ordinary Shares") at a price of 83p each. Following this purchase, Ken McMeikan has a beneficial interest in 180,000 Ordinary Shares representing 0.23% of the Company's issued share capital.

Store number 48 to open in Southport next Thursday

Store 49 opened in Burnley on Friday, maybe the Burnley players all had a Crawshaw steak to help them beat Liverpool 2 - 0 on Saturday!

Half Yearly Report is due on 29 September, hopefully it will be upbeat.

Good morning meat eaters. Has anyone seen when/where the 50th store is to be opened?

Trading Update

At Crawshaw's AGM on 29 June 2016 it was announced that the Group had, during the prior couple of weeks, experienced some suppressed footfall patterns caused by a combination of the international football, adverse weather and Brexit. These factors persisted through to the end of the half year period, resulting in a further reduction in like for like sales for the half year, although this was partly mitigated again by a further strengthening of gross margin. We expect to report on our half year results on 29 September 2016.

Outlook

Conditions have remained difficult in the weeks since the period end but we are acting quickly to restore sales momentum and feel that this can be achieved rapidly in readiness for the very important winter and festive season.

Over the last year or so we have actively sought to rationalise range, reduce the number of price-led promotions and drive higher margin lines, and the strategy has worked well. However, with our customers now being even more price focussed post Brexit, and with the supermarkets very recently launching some aggressive meat promotions, we are reacting to ensure we maintain the value-led approach that has proved successful in the past. This includes introducing more local choice and lower price point packs.

Whilst the same factors have impacted our new store sales performance, the initiatives described above will clearly benefit those stores as well. We are particularly pleased with our new standalone factory outlet store format, which significantly outperforms the high street format on every measure, as do our more established three mature outlets. Fit out costs are lower per square foot, property and running costs are very low, EBITDA margins are excellent, and without a food to go element the operation is even simpler to roll out.

Added to that, being out of town with parking, and therefore more of a destination, factory outlet stores are not so dependent upon local footfall. We are therefore currently reviewing our store roll out strategy with a view to adding more of these types of openings in our overall new store opening pipeline. We have one further site at an advanced stage, and another in the pipeline.

We are confident our actions can restore sales momentum, and we will be prepared to invest in margin to drive sales and sharpen our value proposition. We are disappointed with current trading and clearly the outlook for the full year will depend upon the result of our actions, upon trading during the important peak winter and festive season, and upon the timing of our store openings.

Hmmm - Peel Hunt Under Review 51.50 - - Under Review

44.25p -29.25p (-39.80%)

I have been on the past very weary of the high rating this company was commanding and as so I did posted.
On last Year results the company placed as highlights the figures but omitted the Earning per share .............

27 April, 2016
Year ended 31 January 2016.
Financial Highlights:
• Turnover up +51% to £37.1m (2015: £24.6m)
• LFL sales growth of +1.8% (2015: +5%)
• Adjusted** EBITDA up +45% to £2.6m (2015: £1.8m)
• EBITDA* £1.0m (2015: £1.6m)
• Statutory loss before tax of £0.3m (2015: Profit before tax £1.2m), in line with plan and reflecting investment for accelerated expansion
• Cash balances of £4.9m at 31 January 2016 (£9.1m at 31 January 2015) following the acquisition of Gabbotts Farm
• Final dividend of 0.47p (2015: 0.47p) ............

were to me EPS values the company share price, It took me a good look down the report to find out they were negative............

Profit Before Tax "PBT" and Earnings Per Share "EPS"

The Group delivered a loss before tax of £0.3m (2015: £1.2m profit) as we incur additional costs to deliver our growth plan and we recognised an IFRS 2 shared based payment charge through the income statement of £0.4m (2015: NIL). This translated to a negative EPS as expected at (0.342) pence per share (2015: 1.301 pence per share).

Now I know why and I will put the management as "mild crooks" many companies operate this way so they have to be place on the right category for that reason.

No wonder then today the large fall on the share price after the profit warning decline in sales blaming on everything but them self ( caused by a combination of the international football, adverse weather and Brexit )

The shares not long ago were over 95p

Hmm, a tough one to chew! Disappointing that management should blame international football, adverse weather and Brexit for a fall in sales, particularly the first one! I think the sp had gone ahead of itself by some margin but I feel that the business is solid enough with the potential for further expansion as outlined. Could it also be a takeover target?

Kim, that would be the easy way out right now...but who?

Cranswick might be interested opto!

Thanks for that Kim, sorry it took a long time to get back, went out then came back to PC problems....which all got sorted with a complete power off reboot :-)

Damn these computer things!😃

CRAW 36.25p -5.25p -12.65%

The marked down continues, will it see 30p that some thing is about the point where there is value on the stock

HARGREAVE HALE LIMITED < 12%

KEEP an EYE

34.50p ( 34 v 35 )

look like the bottom has been reached and buyers are back again, improving Level 2 also as the bid is being now supported by 2 MMs

Paying higher price all the time as offer is 35p, at this rate it will go higher soon

34.49p
34.57p
34.67p
34.73p
34.75p
34.83p

finally the bid went up earlier and now the offer, now looks more a bounce on the go
new price 34.50 v 35.50p

Everything is turning up on the chart

Everything on the right place now as the larger buys are showing on the ticker 50K
spread 35.50 v 37p

3:29:29
36.40p
50,000
£18.20k