GoodGrief
- 28 Apr 2003 17:57
Redskyresearch features Wyevale Garden Centres in their April edition. The article concludes :-
The stock market malaise has made some great businesses
which have always commanded hefty price premia look
very cheap in absolute terms and Wyevale is a prime
example. There have been very few opportunities during
the last ten years to buy Wyevale on a prospective price
earnings ratio of less than 16x. Yet it is currently available
on a historic price earnings ratio of 11. And on a dividend
yield of 4.6pc.
Do you think the UK gardening craze is over? We dont.
We think it has barely begun. And we think Wyevale will be
one of its most notable beneficiaries. So it is all but certain
that Wyevale will be a more valuable company in the next
5 to 10 years than it is now. The only issue is, will it get
cheaper in the short run? It might. But in case it doesnt,
were going to make it a BUY.
55011
- 12 Sep 2005 11:12
- 6 of 6
EGM should now be in session. The outcome will be decisive, as bidders are understood to have held off pending the outcome of this meeting. Steady buying this morning over 580p.