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Cranswick

August 2005

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:
  • 648p
East Yorkshire-based pig products firm Cranswick  reported that the Q1 has started well. Total sales (including ?33m from Perkins) have increased by 53% to ?109m. Excluding Perkins, sales increased by 7% to ?68m thanks to better sales of fresh pork, sandwiches and  characuterie, whilst the non core animal feeds/ pet sides were flat to declining. Cranswick has also this month sold its pig farming activity although it will maintain its marketing business. Numis forecasts ?30m pretax and eps of 47.3p for the year. Hold for more.  ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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