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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cranswick

January 2023

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:
  • 3128p
The meat processor delivered in line half year results, with EBIT profit broadly unchanged at £68.4m versus £69.6m last year, but that’s after including a net £3.1m charge for a product recall on cooked poultry, which should reverse in H2 with insurance proceeds. Slightly higher interest costs reduced eps 3% to 98.6p. Revenue rose 12.4% reflecting price hikes to cover rising costs (pork prices rose from 147p to 200p / kg) but a lag passing it on saw operating margins fall from 7% to 6.1%. Pork prices have stabilised in H2 but the group is also building its own self-sufficiency and over 40% of pork requirements come from its own herds. Volumes were maintained versus tough comps last year but were ahead for Continental Foods, sous v ...

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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.

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

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