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Cranswick - Shares break through £19 for first time

February 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:
  • 1931p
The shares have spiked spectacularly to a new high of 1950p as half year results from pig meat processor Cranswick were slightly ahead of expectations. As flagged in its earlier update sales rose 9.9% to £529m but more impressive still was the 22% increase in pretax profit to £31.5m. Eps rose 25% to 51.5p.Growth came through a 10% increase in volume growth although underlying sales rose just 7% as falls in pig prices were passed back to consumers. Operating margins rose 0.6% to 6.0% on the contribution from Benson Park and also improved efficiencies.Fresh pork grew sales 15% while bacon (+21%), sausages (+5%), pastry (+45%) and its continental range (+12%) also did well.Encouragingly, export volumes rose ...

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