Schroders more than double their (discretionary) holdings. Now over 10% (transaction dated 16 December 2016 released today at 15:20):
http://www.londonstockexchange.com/exch ... 72253.html
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Crawshaw (CRAW)
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- Lemon Half
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- Lemon Quarter
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Re: Crawshaw (CRAW)
The upward trend in the shares seen since mid December seems to have been reversed by the Trading Results released on Friday.
http://www.londonstockexchange.com/exch ... 87105.html
I particularly liked this extract...
"Group sales were up 13% in the 5 week period versus the prior year, with total customer numbers also up 13% for the same period. Like-for-like sales were -3.8% for the 5 weeks ended 1 January 2017 having improved from -8.1% for the 4 weeks ended 27 November 2016. Like-for-like customer numbers were -4.2% having improved from -9.7% for the same periods."
So like-for-like sales are down over Christmas, but that is good news because down by less than they were in November.
If Crawshaw closes unchanged today the price will be below the closing price three years ago.
Terry.
http://www.londonstockexchange.com/exch ... 87105.html
I particularly liked this extract...
"Group sales were up 13% in the 5 week period versus the prior year, with total customer numbers also up 13% for the same period. Like-for-like sales were -3.8% for the 5 weeks ended 1 January 2017 having improved from -8.1% for the 4 weeks ended 27 November 2016. Like-for-like customer numbers were -4.2% having improved from -9.7% for the same periods."
So like-for-like sales are down over Christmas, but that is good news because down by less than they were in November.
If Crawshaw closes unchanged today the price will be below the closing price three years ago.
Terry.
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- Lemon Quarter
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Re: Crawshaw (CRAW)
Looks like dramatic change at Crawshaw.
http://www.londonstockexchange.com/exch ... 04428.html
Wasn't last year also a transformational one?
So why the big news? Maybe in response to the 7% fall in like-for-like sales and an increase in operating losses by about four times.
http://www.londonstockexchange.com/exch ... 04331.html
I still see this is a business having the life squeezed out of it by the likes of Aldi and Lidl and increased supermarket price competition.
Terry (who never understood the investment case for CRAW)
http://www.londonstockexchange.com/exch ... 04428.html
Wasn't last year also a transformational one?
So why the big news? Maybe in response to the 7% fall in like-for-like sales and an increase in operating losses by about four times.
http://www.londonstockexchange.com/exch ... 04331.html
I still see this is a business having the life squeezed out of it by the likes of Aldi and Lidl and increased supermarket price competition.
Terry (who never understood the investment case for CRAW)
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- Lemon Half
- Posts: 6139
- Joined: November 4th, 2016, 1:12 pm
- Has thanked: 1589 times
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Re: Crawshaw (CRAW)
Resurrecting this topic (in case anyone is remotely interested) as the Liquidators' statement of receipts and payments to 29 October 2020 has recently been filed at Companies House https://find-and-update.company-information.service.gov.uk/company/04755803/filing-history.
The Joint Liquidators' letter available there and dated 17 December 2020 includes on page 3 "... If this is the case, there may be a surplus available for distribution to shareholders. However, there is no certainty regarding this and creditors will be updated ..." but best to read the entirety, given the number of matters to be resolved before then, and any potential distribution would not be material in so far as I am concerned!
The Joint Liquidators' letter available there and dated 17 December 2020 includes on page 3 "... If this is the case, there may be a surplus available for distribution to shareholders. However, there is no certainty regarding this and creditors will be updated ..." but best to read the entirety, given the number of matters to be resolved before then, and any potential distribution would not be material in so far as I am concerned!
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