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Not great but hardly a surprise Should have done a rights issue when the share price was near 10p not near 1p!!
hTTps://www.betaville.co.uk/
RARE ALERT: Crawshaw said to be working on £3 million equity fundraising - sources
Thursday, 25 October 2018, 5:46 pm
RARE ALERT: Crawshaw said to be working on £3 million equity fundraising - sources - Part 2
Friday, 26 October 2018, 7:58 pm
There is an option for 2 sisters to further "buy in" to 50% at a much higher than new issue price...should they wish....not sure on the time limit?
I do think it was at 15p per share iirc.
CLLN, CVR, CAKE, CPI, CRAW.............I’m never buying a company with a C!
You forgot CTAG. Seriously though I have expected this for months, it’s not just the big retailers who are struggling, I know several retailers in the food sector who would love to sell out but their business’ simply aren’t worth anything so they are stuck at least until their lease is up. Every month unemployment falls and that means lower footfall during working hours.
seriously.......footfall down because unemployment is down? I am sure the unemployed people. oap's and wives milling around or people on benefits make up the majority of footfall.......some places it may be more to do with halal butchery than again the internet and out of town or fringe shops may be the reason? it certainly wasn't the weather!!!!! as the previous RNS stated!!!
well no surprise here, anyone thinking a discount butchery chain with a handful of shops going against the supermarkets was a bright idea to invest needed their heads testing. I was always in disbelief at their SP/Valuation.
That's not fair really - the company has been around for a while and was doing ok until recently - also the share price soared a while back ... then started dropping and obviously did not recover. It's shocking how quickly the situation went down hill and I still think there's a place in the market for a decent butchers on the high street - we have two near us in Chipping Sodbury - supermarket meat is not always that great. I hope the staff find alternative employment soon - not great news all round
I can't help but wonder if 2 Sister's involvement has anything to do with Crawshaw's demise.
When you consider the bad press the 2 Sister's factory got not too long ago.
Just a thought
Maybe let them go into administration & put a bid in for the job lot. Kick out any thought of Halal shy te etc.
Maybe a collective of us could club together and put something up. We could get it for a song from the administrators.
Thoughts, anyone?
KNIGELK, I agree, there is always space on the high-street....but for an independent, good quality family type butchers. Crawshaw's in my opinion (although limited), seemed more of a commercial enterprise - thus would be competing with your supermarket grade meat! I made mentioned a long time ago that it had 40 shops or so, made a mere ONE million profit, but had a market cap of a staggering 70 million plus...MADNESS! It was all based on their ideal to roll out 200 plus stores...it was all hot air. I am sure the shop-staff will find employment elsewhere during the festive period.
I definitely agree, that going back a couple of years - the market value went way ahead of events and a correction was a cert - if the company had any sense they would have raised funds while the share price was in double figures - they left it far too late - a real shame..