Updates

Cranswick - Ahead of expectations

March 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.

Meat processor Cranswick pleased investors again, noting trading was slightly ahead of expectations. Both total and like-for-like revenue were ahead of the prior year and each category delivered positive volume growth underpinned by a strong performance over Christmas. This was achieved with the backdrop of UK pig prices continuing to ease and ending the quarter at the same level as a year earlier.Investment continued at record levels adding new capacity and delivering further operational efficiencies. Construction of its new Continental Products facility at Bury, Lancashire, is well advanced with completion expected in H1 of the next financial year and will lift capacity by 70%. Plans for a new poultry facility in Eye, Suffolk and ...

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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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