Crawshaw Group Plc (AIM:CRAW) – update suggests all going well, but…
The high flying meat retailer whose shares soared last year has issued a positive trading update. Given its very high rating anything less would have been very disappointing!
Like for like sales for the financial year ending January, 2015 were up 5%. That’s hardly stratospheric for a business trading at 35x 2015 estimates but reassuring nonetheless and there was more positive news.On the 8th of January they reported that cash margins had increased year on year and they now expect the out turn for the full year to the end of January 2015 to be materially higher than the current market forecast. Consensus forecasts are currently for pre-tax profit of £1.1m and eps of 1.10p, so you can lift those numbers materially. All seems to be going well…