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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Cranswick

October 2016

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:
  • 2338p
The shares have recovered from a post Brexit dip, helped by a strong Q1 to end June, which showed underlying revenue 5% higher than last year with volumes up 12% as lower input prices are again passed on to customers. The integration of Crown Chicken, acquired in April, is progressing to plan and making a positive contribution in line with expectations. Notwithstanding the £39m spent on Crown net debt stood at £22m, just £10m higher than a year ago.Cranswick has also sold the sandwich business, the Sandwich Factory, for £15m as it looks to focus on its core protein businesses.Interim results are due on 29 November and should continue the positive recent trend. Hold for that.  ...

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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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