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Secondary Recommendation

Carr's Milling - Animal feed supplier heralds massive profits growth

July 2008

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:
  • CRM
  • Price:
  • 663p
It's very rare for a farmer to admit that things are going well but after a decade of recession, agricultural prices for most commodities have suddenly sprung to life and several have even hit all-time records. This is very good news for Carr's Milling (FT sector: Food & Beverages), a supplier of animal feed and fertilisers to the agricultural industry. Indeed business is so brisk that on 27 May it was forced to announce that pretax profit is now expected to increase from £5.5m to more than £8.6m in the year to 31 August 2008, which is well ahead of previous forecasts.Carr's, which was founded 162 years ago, has patiently built up a very strong foothold in the north-west of England and south-west Scotland, where it is market ...

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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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