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Speciality agriculture and engineering group Carr's (CARR) has issued an update including that “the expected completion date for the group's audit and publication of the group's FY22 audited results is now mid-January 2023, later than the 3 January 2023 deadline required” but that it “has continued to perform strongly”, so what’s going on?

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Writing on agriculture feeds and engineering group Carr's (CARR) in January with the shares slipping below 150p I concluded stated to be “predominantly driven by seasonal working capital movements” – though not wholly driven by them, then? Together with the now reliance on a greater than normal second half weighting, at least ahead of further insight (half-year results, for instance, are scheduled for 15th April), I avoid. Today “Trading Update”…

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Agriculture feeds and engineering group Carr's (CARR) has updated commencing that it “continues to expect the performance of the group to be in line with its existing expectations for the full year”. The shares have currently responded to below 150p – more than 5% lower. Hmmm…

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