image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

Cranswick

January 2003

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
Cranswick has  again shown itself to be a thoroughbred in thefood manufacturing sector.  Interim results were ahead ofexpectations and broker, Numis, has upgraded its forecast for the yearto March 2003 from a pretax profit of £20m to £21m, with new earningsof 36.6p.  For 2004, the broker has lifted the estimate to £24mand 41.8p.  Pretax profit rose 47% to £10.5m on sales up 18.4% to£122m.  Earnings increased 41% to 18.3p.   Its food operations (69% of sales) increased turnover by 22%,boosted by a first full contribution from Continental Fine Foods, whichmakes delicatessen products, such as salamis, parma ham andpasta.  Like-for-like sales growth was 8.5%, thanks largely to thecross-sell ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMTED TIME OFFER

SUBSCRIBE TODAY AND SAVE £30 USING OFFER CODE 30OFFTMI

To access our archive of articles and receive current issues you need to subscribe