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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cranswick

May 2014

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:
  • 1275p
Meat processor Cranswick released a Q4 update, which noted underlying sales rose 12% in the three months to 31 March. Total sales for the year rose 13% including acquisitions. The group has invested over £20m in the year on its infrastructure to improve operational efficiencies and launch new products. New facilities include a new gourmet pastry facility at Malton, N. Yorkshire while work is ongoing to extend its Milton Keynes cooked meats facility. Although operating margins will be slightly lower than last year due to record pig meat prices, these have fallen from record highs of 173p / kg before Christmas to around 163p / kg today, helped by falling prices of wheat and soya, the key cost for pig farmers. All other things being ...

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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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