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(CRL.L) Creightons PLC Buy/Sell
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Summary
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| Date/Time | Headline | Source |
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| 16-02-10 | RNS |
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This news article is displayed preformatted as it may contain results tables
RNS Number : 1855H
Creightons PLC
16 February 2010
Creightons plc (the "Company")
Interim Management Statement
Creightons Plc today issues its interim management statement for the period from 1 October 2009 to 16 February 2010 ("the Relevant Period").
The Company's financial position has improved since the last published balance sheet (31 September 2009), as inventory, borrowing and payables all improved, along with an increase in retained earnings as a result of the profit achieved on sales in the pre-Christmas period. This performance however was to have been expected given the time of year and cyclical nature of the Company's business. The level of stocks has been significantly reduced following sell-through of the pre-Christmas stock build, which enabled the Company to reduce borrowings for the time being.
Sales in the four months to January 2010, however, have been lower than for the same period in the previous year as a result of a significant weakening of consumer off-take and demand from the Company's main customers is down.
The Company has taken measures to minimise exposure to the economic downturn. Discretionary spend particularly on marketing and product research has been kept to a minimum, although the situation is continuously under review in order to best exploit market opportunities.
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 final results for the year to 31 March 2009 are expected to be published by 30 June 2010.
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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| 29-01-10 | RNS |
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RNS Number : 3634G Creightons PLC 29 January 2010 CREIGHTONS PLC (THE "COMPANY")
HOLDING(S) IN COMPANY The Company was notified on 27 January that Mr Timothy John Amies held an interest in 2,855,000 ordinary shares of 1p each of the Company, representing approximately 5.3 per cent. of the Company's issued share capital. The issued share capital of the Company is 54,275,876 ordinary shares of 1p each. Enquiries: Creightons plc
This information is provided by RNS The company news service from the London Stock Exchange END
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| 25-11-09 | RNS |
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RNS Number : 0074D Creightons PLC 25 November 2009 Creightons plc Interim financial report For the six months ended 30 September 2009 Chairman's Statement I am pleased to report to you that losses in the first six months to 30 September 2009 at £116,000 are an improvement of £59,000 on the year to 30 September 2008 of £175,000. It should be noted that the cyclical nature of the Company's business means that it usually trades at a loss in the first half of the year. This improvement has been achieved despite a reduction in sales as against the same period last year. The first six months of the year has been particularly challenging with a reduction in sales of £1,282,000 to £5,675,000 (2008 - £6,957,000). There has been a significant reduction in the sales of private label products. This reduction in sales is partly due to a continued drive to reduce stock levels on the part of our customers and partly relates to a reduction in sales relating to customers and ranges with relatively high retail selling prices. This sales reduction has been partially offset by a growth in sales of our branded ranges, particularly those products which are targeted at the discount market sector. Our gross margins have improved by 0.2% compared to the same period last year in the main due to ongoing work to reduce raw material costs. This margin improvement has been achieved despite the adverse impact of the reduction in sales of products with relatively higher selling prices. As mentioned in last year's interim report we have reduced our investment in promoting our branded ranges and focused on driving sales to increasingly price sensitive consumers. This strategy has paid dividends in this period as the contribution from our branded product ranges has increased. The reduction in costs includes a saving of £41,000 relating to a reduction in salaries on the part of some employees. The agreement with these employees states that this reduction will be repaid if the company returns to profit in the financial year ended 31 March 2010. We have continued to consolidate the presence of our brands in the North American market with sales in the six months to 30 September 2009 of £270,000 (2008: £267,000) deriving from a wider customer base and the launch of additional price competitive product ranges. We intend to continue driving sales growth based on a value driven marketing strategy. We have maintained our staffing levels in key areas of our business. We will continue to review our overhead structure to ensure it matches revenue projections and new product launch opportunities from new and existing customers. Our operating loss in the period has decreased by £10,000 (8%) to £104,000 (2008: £114,000). We expect our seasonal sales to be lower than last year and this will have an impact on the results for the end of the year. We continue to be cautious regarding the underlying level of retail sales. We have continued our programme of reducing stock levels, which have fallen by £393,000 to £3,690,000 (2008: £4,083,000). The increase in inventories from March relates to seasonal stock build. While we anticipate that underlying stock levels will continue to reduce, new launch activity in the second half of the year may result in increased stock levels compared to the same period last year. Lower interest rates and significantly reduced borrowings in the first half of the year have resulted in a reduced interest cost of £12,000 (2008: £61,000). I believe that this half year's pre-tax loss at £116,000 (2008: loss of £175,000) is a creditable performance in the current economic climate and puts the business in a strong position to take advantage of any economic upturn when it materialises. W O McIlroy Executive Chairman 25 November 2009 Responsibility statement We confirm that to the best of our knowledge:
By order of the Board Nicholas O'Shea Company Secretary and Director Creightons plc Interim financial report For the six months ended 30 September 2009 Consolidated income statement - unaudited
2009 2008 2009
attributable to the equity holders of the parent company Earnings per share
Diluted 2 (0.19p) (0.29p) 0.63p Consolidated statement of recognised income and expense
2009 2008 2009
translation of foreign
operations
taken to equity
in equity
expense for the period attributable to the equity holders of the parent company Creightons plc Interim financial report 30 September 2009 Consolidated balance sheet - unaudited
2009 2008 2009
Non-current assets
884 938 878
Current assets
Current liabilities
Non-current liabilities
17 31 24
Equity
company Creightons plc Interim financial report For the six months ended 30 September 2009 Statement of changes in shareholders equity - unaudited
September 2008
based payments
March 2009
based payments
September 2009
based payments
Statement of changes in hedging and translation reserves - unaudited
translation of foreign
operations
translation of foreign
operations
translation of foreign
operations
Creightons plc Interim financial report For the six months ended 30 September 2009 Consolidated cash flow statement - unaudited
2009 2008 2009
activities
Cash flow from investing activities
Cash flow from financing activities
equivalents
Creightons plc Interim financial report For the six months ended 30 September 2009 Notes to the interim financial report
The condensed financial statements in this Interim Report have been prepared in accordance with the requirements of IAS 34 'Interim Financial Reporting' as adopted by the European Union. As required by the Disclosure and Transparency Rules of the UK's Financial Services Authority, the condensed set of financial statements has been prepared by applying the accounting policies and presentation that were applied in the preparation on the Company's published consolidated financial statements for the year ended 31 March 2009, which were prepared in accordance with International Financial Reporting Standards as adopted by the European Union. The condensed interim financial statements for the six months ended 30 September 2009 and the comparative figures for the six months ended 30 September 2008 are unaudited and have not been reviewed by the Auditors. The summary financial statements for the year ended 31 March 2009 represent an abbreviated version of the Group's full financial statements for that year, on which the Auditors issued an unqualified audit report and which have been filed with the Registrar of Companies.
The calculation of the basic and diluted earnings per share is based on the following data:
2009 2008 2009
Earnings
holders of the parent company
2009 2008 2009
Number of shares
shares for the purposes of basic
earnings per share
shares relating to Share options
shares for the purposes of diluted earnings per share
The related party transactions that occurred in the six months ended 30 September 2009 are not materially different in size or nature to those reported in the Company's Annual Report for the year ended 31 March 2009.
The Interim Report is being sent to shareholders. Further copies can be obtained from the Company's Registered Office, 1210 Lincoln Road, Peterborough, Cambridgeshire, PE4 6ND. This information is provided by RNS The company news service from the London Stock Exchange END
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| Date/Time | Subject | Author | ||
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| 18-02-10 | ||||
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many thanks kind offer
as it turns out my broker has done me a favour on these so no need to trouble you/anyone else (he claims its ANother favour...but what can you do!) |
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| 17-02-10 | ||||
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Unfortunately the shareprice is sell is in the 1.5 to 2p range to sell depending on the mood of the market makers!In fact they sold me a small number(20,000) last week @ 2p alas they immediately increased the price when I tried to buy more.
Frankly as you have held them for so long I would be tempted to hold on.Sale via iii(Halifax) costs only £10 and they do not charge for transfering certificated holdings to their nominee account as I appreciate selling certificated holdings can be expensive for small amounts if you are keen to sell. |
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| 17-02-10 | ||||
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crazy russian,
i am sure there is a way that the transfer can be made without using a broker if you know who you are going to sell them to. on that note, i could be tempted to buy them. if you're tempted and would like to discuss this further please get in touch with me at: crlbuyer@gmail.com. vanzant |
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| 17-02-10 | ||||
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does anyone know if there is any special 'arrangement' established to enable some of us very small shareholders to get out??
after the various reorganisations my holding is small and at 6p a share wouldnt be worth using a broker? I rang the company who said it was nothing to do with them!!!!!!!!! a lesson there perhaps? |
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