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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cranswick

February 2018

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:
  • 3228p
Shares in meat processor Cranswick have sailed serenely to a new high of £33. The catalyst was strong interim results showing sales, pretax profit and eps rising 23%, 17% and 20% respectively to £715m, £44.4m and 70p.Fresh pork (34% revenues) grew sales 26% or 12% excluding its new Ballymena butchery hall extension, helped by new listings and added summer ranges. Export sales rose 30% through good gains in Europe and the US. Elsewhere, Convenience (37% revenues) grew 17% with cooked meats particularly strong and new “ready to cook” and “slow cook” ranges performing well. Gourmet products (sausages, bacon, pastry), which represent 17% of sales, grew almost 28%, helped by business ...

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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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