mnamna
18 Apr 2018
Re: Interim results Yes, I agree that the results are excellent - even if against poor comparatives.The defined benefit scheme is closed to future accruals. There is a defined benefit scheme in deficit, but its the old Carrs Milling scheme which is now reported as a liability within 'investments in associates' - though that one has fallen as well. BTW - a lot of apparent scheme deficits have been caused by the near zero interest rates combined with predictions of longer lifetimes. As interest rates rise and it become apparent that lifetimes are not increasing endlessly (For these pension beneficiaries at least) many company schemes are rapidly move into apparent surplus. In the meantime a lot of cash that should have been spent upon long term investment plans has gone into fixing pension holes that were imaginery -IMHO. cheers
kintra
16 Apr 2018
Interim results All looking good . And they run a defined benefit pension which is in surplus - I wish I worked for them!
kintra
09 Jan 2018
news day [link] sure theres anything in it worthy of a 17% rise but then I didn't understand why the share price fell in the first place. Back to where we were.
Meanbugger
19 Dec 2017
Re: any explanations The technical situation in the shares has improved. The shares were well bid this afternoon and only offered in 500 shares. I think the NWF trading statement has been encouraging for the sector and the shares had probably fallen to a level where buyers are interested in adding to their holdings.I'm expecting the AGM statement next month to be positive so hopefully we can see a sustained recovery in the share price.
Meanbugger
29 Nov 2017
Re: any explanations My view was the figures and outlook were better than I'd anticipated so I thought the shares would have been marked better. The weakness has surprised me and can only be due to a market imbalance with sellers not finding willing buyers. Over the last year some of the long-term holders have been reducing while new holdings have been built up. My guess is that some of the newer holders have lost interest for whatever reason. If they have then tried to reduce their shareholding after providing most of the support to the share price then that would explain the cliff-edge chart.There are other considerations not related to the performance of the company which I'm aware of which might have caused some shareholders to exit. If you believe the longer-term story this is probably a buying opportunity. For me the story is becoming very dull. The engineering acquisitions have predictable growth but won't lead to anything spectacular. Bolt-on acquisitions for agriculture seem hard to find and the visibility of growth in feedblocks seems to have been lost. Overall it is becoming a widows and orphan's stock. Slow dividend growth but very little to get the bulletin boards excited.
kintra
29 Nov 2017
Re: Directors buying Although actually its only one director - at least he followed up on the initial purchase by buying more when the price fell even further.
kintra
29 Nov 2017
Directors buying Slightly cheering news
kintra
28 Nov 2017
any explanations for the recent decline? It seems a while back that the results were published, too long for this to be a reaction. Volumes are so low I suspect not very much selling pushes the price down quickly. If only it went up as fast
Meanbugger
08 Aug 2017
Re: U.S. Company I'm not too worried about this US acquisition. It is very similar to the Staber acquisition in that it is low risk but also low growth. Any synergies are likely to be long-term. I am more concerned about what I saw heading south on the A1 in County Durham yesterday - a magnificent looking Harbro animal feed wagon. Harbro are Scotland's leading producer of ruminant feeds dominating everywhere apart from South West Scotland. They have been creeping south for some time having bought stores in the Scottish borders but this is the first time I've seen them active so deep into England. Carr's have a strong position in Cumbria and South West Scotland but clearly the competition is raising their game.
Boring Bernie
07 Aug 2017
Re: U.S. Company Plenty of companies operating in the nuclear sector have US subsidiaries WS, some successful, some less so. It's always good to hear other views, but I don't think this acquisition is high risk
winningstreak
07 Aug 2017
U.S. Company The buying of a U.S. Company can often end up in tears. Today's announcement (see RNS), would worry me if I werea Carr's shareholder, which currently I am not. Might workout all-right, but on the other hand, as I said, may end upin tears. If the Yanks don't want to own and run it, we certainly would have difficulty in doing it better.IMHO,ws
Boring Bernie
20 Jul 2017
Trading Update I may be trying to convince myself here, but I think that trading update was a little more positive than the "Trading remains in line ... " headline.With the Engineering contract now in the bag and a generally more positive statement, though I'm sure the numbers for H2 and therefore this FY won't be great, I think 2017/18 will see a upturn in Carr's fortunes, so I added a few today at ~140p.
Boring Bernie
12 Apr 2017
Interims So, no more nasty surprises, just a re-iteration of the effect of the US cattle prices and the delayed engineering order hitting H2. I guess if this order gets placed then the sp will recover, but if, rather than being delayed, it gets shelved, then there'll be a short-term negative effect.I'm still happy to hold, but don't feel as confident as I did a few months ago.
mantrova
07 Apr 2017
Re: CARR crash -speed of downturn Today's IC downgrade to "hold", ahead of half-year results.Shares look expensive on a forward earnings basis.m
Boring Bernie
31 Mar 2017
Re: CARR crash -speed of downturn We were on a plane when the RNS came out so didn't have chance to even think about trading. I have to admit, I find the situation a bit odd and can't understand why the house broker is still so positive.On the assumption that the trading update was actually a profit warning I'd say that means that we're talking about a >=10% drop in profit for H1 against forecasts. I'm just about happy to hold at ~130p, but, if the recovery continues over the next week or two I suspect, as a minimum, I'll be reducing here, and may even just sell up.
