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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cranswick - Remarkably resilient share price

August 2016

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CWK
  • Price:
  • 225p
Having hit a high over £25, shares in Cranswick have come back in the indiscriminate post Brexit maelstrom but there’s nothing to see here in terms of shocks. Final results for the pig and chicken meat processor were slightly ahead of expectations with pretax profit increasing almost 14% to £65.7m (Investec forecasted £64.3m) with eps up the same amount to 104.7p. A 10% jump in volumes offset by a 17% fall in pig prices meant turnover rose 6.6% to £1,069m while operating margin rose 0.4%.Volume growth was broadly spread with fresh pork sales up 9%, sausage rising 1%, bacon up 12%, pastry 31% and continental products (charcuterie, cheeses etc.) rising 11%. The only disappointment was cooked meats ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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