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.

Can someone kindly explain to me why the trades for Cranswick & others, incl DNLM & HILS are all AT trades of an insignificant size individually? I assume that they are generated by a "bot", but for what purpose?

Thanks

Questor share tip: Cranswick's margins should improve

Garry White, 7:16, Sunday 20 November 2011

Sausage-maker Cranswick (LSE: CWK.L - news) posted a better-than-expected set of interim numbers last week, and said it had a "degree of cautious optimism" for the full year.

Cranswick 695p Questor says BUY

The company specialises in pork products, and Questor is a fan of the meat during these austerity times. The meat is cheaper and it remains a healthy alternative to red meat.

Martin Davey, Cranswick's chairman, confirmed this trend last week. "Pig-meat products have gained an increased share of the UK retail protein market, with the versatility and low relative price of pork to other proteins finding favour with the consumer," he said.

However, the big problem the company has had this year has been the soaring price of pigs. With times being tough it has been hard to raise prices for its products, so margins have been under pressure. However, the company managed to recover some of the lost margin in the second quarter and pig prices have eased slightly since their peak of 153p per kilo. Prices are now about 145p a kilo. In January, the price was 135p.

The rise in costs obviously hit profits, which were lower on a year-on-year basis. In the six months to September, pre-tax profits slipped to 18.5m from 23.8m on revenues that were 3pc ahead at 393.9m. The interim dividend was raised to 9p from 8.8p. This will be paid on January 20 and the shares trade without this payment from November (Stuttgart: A0Z24E - news) 23.

The second half of the year looks more promising, with cost inflation no longer a major issue and "robust" revenues. Mr Davey expects this will be Cranswick's "busiest-ever festive season".

The company refinanced its debt on better terms in March, so financing costs fell by 35pc in the first six months of the year. The balance sheet is strong, with net debt at 48.2m and interest cover of 37.7 times.

The shares are trading on a March 2012 earnings multiple of 11 times, falling to 9.8 in 2013. The prospective yield is 4pc in the current year, rising to 4.3pc next year. Buy

Been in this one from nov 11 made some profit but not great, sold my holding

I've just come across these - quite a chart -any followers?

Look to be going well skinny, they have pushed onwards since the new year and since I sold mine. lol

26th November 2012

Interim Results

Highlights:

· Reported revenues up 6 per cent to £418.6m (2011: £393.9m)
· Underlying revenues increased by 5 per cent *
· Profit before tax rose by 21 per cent to £22.5m (2011: £18.5m)
· Earnings per share up 23 per cent to 35.8p (2011: 29.2p)
· Adjusted earnings per share 19 per cent higher at 35.8p (2011: 30.1p)
· Dividend increased to 9.4p per share (2011: 9.0p)
· Net debt £32.2m (30 Sept 2011: £48.2m)
· Kingston Foods Limited acquired on 29 June 2012


31st January 2013

Third Quarter Interim Management Statement

The Company benefited from a strong sales performance in the three months to 31 December 2012.

Underlying turnover in the three months to 31 December 2012 was 7 per cent ahead of the same period last year, underpinned by strong volume growth.

Total sales for the quarter were 8 per cent higherafter taking into account the contribution from Kingston Foods which was acquired on 29 June 2012. Sales growth of bacon, sausages and cooked meat products was particularly strong and there were positive contributions from most other categories. Export sales remained buoyant and sales of pastry products continued to show pleasing progress.

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.

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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

Pigs Prices are falling.....but not sausages.....margins should improve nicely together with the share price.......worth a Punt or maybe just grunt !