Only one trade this month amidst all the volatility! I also have a look at which companies will be beneficiaries of the Tariffs, and which will be losers
CRPR - I visited James Cropper a few years ago. Rather strange visit as, for unknown reason, they thought I was a fund manager - and they normally wouldn't see a PI..... The factory isn't where one would choose to build a paper factory - miles from major transport facilities down small roads. And the village IS Cropper - everything is dependent on the company. With the entwined interests of the family & village, I just can't see them abandoning the paper mill. Given this, they seem to be doing everything correct, niche products, luxury etc - but they are ambling up a down escalator. TFP is great - but is hampered by the need to support paper.
CRPR used to be a significant holding - BPR for my elderly mother. I keep an eye on them, but that's all for now.
Interesting experience! I didn't quite realise how small or remote the village is, when I looked on Google Maps when researching. Wow.
I guess the best outcome we could hope for is potentially for the family to make an offer to take Paper private, leaving the main listing as just TPF / AM. But the family definitely have no incentive to do so, given their large shareholding and strong grip on the whole company.
Hi Boon
CRPR - I visited James Cropper a few years ago. Rather strange visit as, for unknown reason, they thought I was a fund manager - and they normally wouldn't see a PI..... The factory isn't where one would choose to build a paper factory - miles from major transport facilities down small roads. And the village IS Cropper - everything is dependent on the company. With the entwined interests of the family & village, I just can't see them abandoning the paper mill. Given this, they seem to be doing everything correct, niche products, luxury etc - but they are ambling up a down escalator. TFP is great - but is hampered by the need to support paper.
CRPR used to be a significant holding - BPR for my elderly mother. I keep an eye on them, but that's all for now.
Andy
Interesting experience! I didn't quite realise how small or remote the village is, when I looked on Google Maps when researching. Wow.
I guess the best outcome we could hope for is potentially for the family to make an offer to take Paper private, leaving the main listing as just TPF / AM. But the family definitely have no incentive to do so, given their large shareholding and strong grip on the whole company.