Creightons plc is a company that develops, manufactures, and markets toiletry products. It appears to have been listed since 1999 but the first RNS on Investegate is “Final Results” – which suggests more RNS announcements are missing.
You may have seen some of their brands in the high street – management said at Mello they have an excellent relationship with Home Bargains. They expect the business to keep going from strength to strength (but of course all management teams would say that) and that a key factor of that will be the growth of the online business.
With revenue growth of 6% I don’t feel very impressed, though gross margin improved to 42% from 38.3%. This shows bargaining power with suppliers and also the strength of the brand.
The chairman reports that “e-commerce doubled in the period, albeit from a low base”. Unfortunately, we left to guess that base as it is not broken down to be displayed in Note 7 which covers revenue on the income statement in the recent interim financial report.
Background
Here is the chart:
We can see that from the brief period of exuberance, the stock price has done very…
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