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Carrs Milling

February 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:
  • CRM
  • Price:
  • 1783p
Carr's Milling's Q1 update said performance is in line. The food operations, which comprise three flour mills, are trading ahead of last year. The state of the art one at Kirkaldy has now been commissioned and is leading to power efficiency, labour savings and improved extraction. The UK wheat harvest in 2013 was significantly better than that of 2012, so less grain will also be imported leading to better margins.On the feed side, the US has performed well as a result of severe weather conditions, which increased demand for supplementary feed blocks. The additional capacity in the US AminoMax plant has helped satisfy the increased demand and the factory development for the JV in Iowa will commence production in June. Against 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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