RNS Number : 9837Z
Creightons PLC
30 September 2009
CREIGHTONS PLC
DIRECTOR'S DEALING
The board of Creightons plc (the "Company") was informed on 30 September that Bernard Johnson, a director of the Company, transferred 1,560,000 ordinary shares in the Company, representing approximately 2.87 per cent. of the Company's issued share capital, from his own name to Carty Johnson Limited, a company in which he has a beneficial interest.
Bernard Johnson's previously disclosed beneficial holding of 3,344,569 ordinary shares representing approximately 6.16 per cent. of the Company's issued share capital remains unchanged.
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RNS Number : 4873X
Creightons PLC
17 August 2009
Creightons plc ("the Company")
Interim Management Statement
Creightons Plc today issues its interim management statement for the period 1 April 2009 to 14 August 2009 ("the Relevant Period").
The Company's financial position has deteriorated since the last published balance sheet (31 March 2009), as a result of the losses incurred during the first quarter of this financial year, although this has been expected to some extent given the time of year and cyclic nature of the Company's business.
Sales in the first three months of this financial year (to 30 June) have been lower than for the same period in previous years as a result of a significant further weakening of consumer off-take and demand by the Company's main customers is down compared with the same period last year.
The Company is also experiencing serious price pressures from suppliers, although the board is striving to mitigate this wherever possible by seeking to pass on higher prices and reducing non-essential overhead costs. This has resulted in significant savings so far this year, such that the losses incurred in the first three months of this year are less than those incurred during the corresponding period last year, despite lower sales levels.
Neither the financial information on which this statement is based nor this statement itself have been reviewed or reported upon by the Company's auditors.
The Company's AGM is being held at its offices in Peterborough on 23 September 2009. .
The Company's interim results for the period 1 April to 31 September 2009 will be issued on or before 31 December 2009.
Investor enquiries should be addressed to the Company Secretary Nick O'Shea, Creightons plc, 1210 Lincoln Road, Peterborough, PE4 6ND, phone +44 (0) 1733 281000.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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I get that it's a small company that probably shouldn't be listed and that trading volumes are low. What I can't understand - and here's where I need your help - is why it isn't worth holding onto a few of these shares when Creightons has been consistently profitable over the last few years, has a decent product range and will probably resume dividends in the near future.
If someone could set me straight and tell me what I'm missing I'd be very grateful.
Thanks for the update. There is simply no reason for a company with a value of just over £1m to be on the stockmarket at all. A waste of money. Good luck if you do hold them - at least they have survived this long!!!
A fair amount of bubble bath has gone down the plug in the last 15 years.Although in the same business Creightons has moved to Peterborough and has had a couple of management changes.It is now largely controlled by the present Chairman William McIlroy and the shares are fairly rarely traded.Creightons is modestly profitable and appears now to be sound financially but trade is fairly tough at present in common with most other manufacturers.
The shares are cheap but are difficult to buy and even more difficult to sell.
I can't believe this heap still exists, let alone as a public company. I was asked to take it on as a client about 15 years ago and was amazed at how charming but utterly useless the management was and declined the opportunity. I expected it to be bust within a couple of years but here we are ....
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