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Wynnstay Group (WYN)     

dreamcatcher - 26 Jun 2012 22:07

http://www.wynnstay.co.uk/

Farm and rural supplies firm Wynnstay Group is one of the most successful companies on AIM today. Wynnstay has increased its dividend to shareholders for eight years running. In the company's recent interim results, the dividend was raised 10% -- pointing to a ninth year the full dividend will be raised.Wynnstay has a growth record most companies would envy. In the last five years, the company has increased sales at a compound annual growth rate of 25.6%. Wynnstay Group's dividend has increased in that time by an average 8.2% per year and eps has risen, on average, 13.0% a year.Only 10 other listed companies can demonstrate a comparable record.The sales and eps growth is expected to continue for the next two years. Wynnstay shares trade at 12 times the consensus 2012 forecast. The shares are expected to yield 2.1% for the coming year.


Chart.aspx?Provider=EODIntra&Code=WYN&SiChart.aspx?Provider=EODIntra&Code=WYN&Si

dreamcatcher - 25 Apr 2013 18:49 - 19 of 58

A buy in this weeks shares mag - Could soon receive further earnings upgrades, possibly as early as its half year statement in June.

skinny - 26 Apr 2013 06:55 - 20 of 58

DC - thanks for this thread, I've been monitoring these for a few months with a view to buying.

dreamcatcher - 26 Apr 2013 07:06 - 21 of 58

Good time to buy, as the share has drifted over the last few weeks. I think they will have upgrades due to the poor weather leaving farmers having to purchase more feeds etc (same as Carrs milling).

skinny - 26 Apr 2013 07:08 - 22 of 58

I do look at them, but I need more fingers or a bigger pie!

dreamcatcher - 09 May 2013 20:22 - 23 of 58

Wynnstay Group PLC (WYN:LSE) set a new 52-week high during today's trading session when it reached 485.00. Over this period, the share price is up 24.87%.

dreamcatcher - 13 Jun 2013 21:47 - 24 of 58

Wynnstay Group PLC (WYN:LSE) set a new 52-week high during today's trading session when it reached 500.00. Over this period, the share price is up 27.38%.

dreamcatcher - 15 Jun 2013 17:44 - 25 of 58

Article in this weeks IC - cultivate big returns from these farmers friends.

Rising demand for food means companies helping farmers to grow crops and processing the raw materials are set to prosper.
Wynnstay Group (WYN) stands out. It has a 14% share of the UK seeds market and is steadily increasing revenue and profit, while expanding geographically and making acquisitions. It develops feed products and healthcare supplements for livestock, and is also involved in all areas of crop production. Boss Ken Greetham predicts a massive market for agricultural products over the next 30 yrs. Companies in the sector are finally redirecting investment towards research and development , he says, while the outlook for UK agriculture and exports is at its strongest since the 1940's.

£80.6m market cap price change -12 months (%) 26 Forward PE ratio 13.7

dreamcatcher - 19 Jun 2013 07:09 - 26 of 58


Half Year Results

RNS


RNS Number : 3401H

Wynnstay Group PLC

19 June 2013


AIM: WYN


WYNNSTAY GROUP PLC

("Wynnstay" or "the Group")



Half Year Results

For the six months to 30 April 2013



Key Points



· Record H1 results



· Revenues up 12% to £216.12m (2012: £193.67m)



· Profit before tax up 15% to £5.21m (2012: £4.52m)



· Earnings per share up 16% to 23.60p (2012: 20.34p)



· Net assets up 10% to £60.16m (2012: £54.64)



· Interim dividend up 9% to 3.10p (2012: 2.85p)



· Appointment of Philip Kirkham as Non-executive Director in April



· Agricultural supplies division - revenues up 11% to £172.29m

- aided by higher volumes of feed, raw materials, seed and fertiliser



· Specialist retailing - revenues up 13% to £43.76m

- with strong agricultural demand and improved performance from pet products chain



· Wynnstay remains well positioned for further growth



Ken Greetham, Chief Executive, commented,



"Wynnstay has continued to perform well, delivering a record set of half year results, with revenue up by 12% to £216.12m and profit before tax up by 15% to £5.21m.



The record results reflect a combination of factors, including the expansion of the Wynnstay Stores chain, strong raw material and feed sales as the cold weather extended the normal feeding season, and increased seed and fertiliser volumes. Against this, our grain marketing operations saw reduced volumes, impacted as expected by the very poor harvest of 2012. The broad base of the Company's activities continues to be a major strength, helping to smooth the effects of differing conditions across our marketplaces.



There is opportunity for further consolidation within the industry and the Group is well placed to continue to execute its strategy of organic growth combined with selective acquisitions.



After a record first half, the second half of the financial year is progressing well and in line with management expectations. The Board remains confident of the Group's prospects."

skinny - 19 Jun 2013 11:57 - 27 of 58

.

dreamcatcher - 22 Jun 2013 21:54 - 28 of 58

A hold in this weeks IC. Poor weather boosts Wynnstay.


Broker Shore Capital has increased its full-year pre-tax profit forecast by £500,000 to £8.5m , giving EPS of £37.3p (from £7.76m and 35p in 2012)

dreamcatcher - 11 Jul 2013 21:41 - 29 of 58

A buy in this weeks Shares - Broadly -based agricultural and retail firm Wynnstay is our prime regional pick for its long-term capital growth potential, a rising income stream and near-term forecast upgrades. The £84.3m cap is growing organically and through selective acquisitions in a consolidating agriculture market with compelling fundamentals. For the year to Oct , broker Shore Capital's forecasts point to near -10% profits growth to£8.5m estimates that are likely to prove conservative.

dreamcatcher - 18 Jul 2013 07:11 - 30 of 58


Potential Acquisition

RNS


RNS Number : 5645J

Wynnstay Group PLC

18 July 2013











AIM:WYN



Wynnstay Group plc

("Wynnstay", "the Company" or "the Group")



Potential Acquisition



Wynnstay, the agricultural supplies and specialist retail group, announces that it is in advanced discussions in relation to the potential acquisition of the business and assets of Carmarthen & Pumsaint Farmers Ltd ("Potential Acquisition"), which supplies agricultural inputs. There can be no certainty that these discussions will lead to the Company entering into an agreement for the Potential Acquisition.



A further announcement will be made in due course by the Group, as appropriate.

dreamcatcher - 18 Jul 2013 17:27 - 31 of 58

Wynnstay in talks to buy Carmarthen & Pumsaint Farmers

Thu, 18 July 2013



















Wynnstay, the agricultural supplies and specialist retail group, confirmed it is in advanced talks for the potential acquisition of Carmarthen & Pumsaint Farmers which supplies agricultural products.

"There can be no certainty that these discussions will lead to the company entering into an agreement for the potential acquisition," the aim listed company said in a company statement.

A further announcement will be made in due course, it added.

Shares in the animal feeder supplier were little changed at 506.0p at 11:00 in London.

dreamcatcher - 30 Jul 2013 07:15 - 32 of 58


Potential Acquisition

RNS


RNS Number : 4128K

Wynnstay Group PLC

30 July 2013











AIM:WYN



Wynnstay Group plc

("Wynnstay" or the "Group" or the "Company")



Potential Acquisition



Wynnstay, the agricultural supplies and specialist retail group, is pleased to announce that it has entered into a conditional agreement (the "Acquisition Agreement") with Carmarthen and Pumsaint Farmers Limited, which supplies agricultural inputs from seven stores in South West Wales (the "Society"), to purchase all of the Society's business and assets except for its freehold properties (the "Target Assets"). The initial consideration for the Target Assets will be £4.6 million to be paid in cash on completion, with a further two cash payments to be made one month and two months after completion, dependent on the collection by the Company of certain accounts receivables, which are currently estimated to be approximately £2.6m. The total estimated consideration of £7.2 million reflects the anticipated book value of the Target Assets, which will be subject to final confirmation, and £1 million for the goodwill of the business.

In order for the Society to sell the Target Assets, the Society is required to convert from its current status as an industrial & provident society into a private limited company (the "Newco") (the "Conversion"). The acquisition of the Target Assets (the "Acquisition") is therefore conditional on, inter alia, the Conversion being approved by the ordinary members of the Society. Should the members of the Society approve the Conversion, Wynnstay expects that the Acquisition will complete at the end of September.



Should the Acquisition reach completion, Wynnstay will assess the cash resources available to it to fund the consideration, and the directors of the Company, may, if it is deemed appropriate in the circumstances and in the best interests of the Company, decide to undertake an equity fundraising to fund all or part of the required consideration.



Target Assets



The Society has traded since 1903 and supplies inputs to the agricultural industry. It is based in South West Wales, where it trades from seven stores at Cardigan, Carmarthen, Crosshands, Haverfordwest, Llandeilo, Llandovery and St Clears. For the year ended 30 September 2012, the Society generated revenues of £23.9 million and a loss before tax of £366,000, excluding an exceptional charge of £502,000. Assuming a normalised level of on-going accounts payables relating to the acquired business, the Company expects total capital employed within the acquired business after completion to amount to approximately £4.8 million inclusive of the goodwill.



Pursuant to the Acquisition Agreement, Wynnstay will acquire the Target Assets which exclude: the freehold properties (at Carmarthen, Crosshands, Haverfordwest, Llandeilo, Llandovery and St Clears); the liabilities to the Society's creditors and the liability to its final salary pension scheme. Following completion of the Acquisition, the Newco will retain the freehold properties and grant leases over them to Wynnstay. It will remain liable to pay its creditors and for the liability to the final salary pension scheme.



Rationale for the Acquisition



Wynnstay operates a network of 32 Country Stores located across Wales, the Welsh Border Counties and beyond, with the majority sited in mid and north Wales. The stores cater principally for farmers but also provide products for the wider rural community. Stores supply an extensive range of goods including animal healthcare products, animal nutrition products, clothing, hardware, gardening and sporting products.



The acquisition of the Target Assets would represent a highly complementary addition to Wynnstay's existing stores network, increasing the Group's presence in South West Wales where it is under represented, and enabling it to extend its products and services to a new farmer and rural dweller customer base. There are also synergies of supply with the Group's feed plant at Carmarthen, which manufactures compound and blended feed products.



As Wynnstay expands its Country Stores network, it is able to benefit from greater economies of scale, which helps the Group to maintain competitive pricing for products and services. The expansion of Wynnstay's locations around its Carmarthen feed manufacturing plant also bring efficiency benefits for both farming customers and the Company.



Conditions to the Acquisition



The Acquisition is conditional on, inter alia, the members of the Society approving the Conversion by passing a special resolution at a special general meeting of the Society to be held on 21 August 2013 ("First Meeting") and passing an ordinary resolution at a second special general meeting of the Society to be held on 11 September 2013 ("Second Meeting"). In order to pass the special resolution at the First Meeting, more than half of the total ordinary members of the Society who are entitled to vote, are required to register a vote and the resolution must be approved by at least three quarters of those who actually vote (either in person or by proxy). In order to pass the ordinary resolution at the Second Meeting, a majority of those who vote (either in person or by proxy) must vote in favour of the resolution. Given the high voting threshold for the Conversion, in particular at the First Meeting, there can be no certainty that the Acquisition will be completed.



The Company will make further announcements in relation to the outcomes of the First and Second Meetings and the expected completion date for the Acquisition in due course.



Ken Greetham, Chief Executive of Wynnstay, said,

"The acquisition of the business and assets of Carmarthen and Pumsaint Farmers Limited would be highly complementary, adding seven stores in South West Wales where there is real scope to increase Wynnstay's presence. As we expand our Country Stores network, which currently stands at 32 outlets, we are able to benefit from economies of scale. This in turn helps to ensure that we can provide our customers with competitively priced products. In addition, with our feed mill based at Carmarthen, we can supply local farmers quickly and efficiently.

If successfully completed, the acquisition would mark a positive step for the consolidation within the UK agricultural sector. I look forward to updating the market further on the progress of these talks

dreamcatcher - 01 Aug 2013 20:32 - 33 of 58

A buy in this weeks Shares - For the year to Oct, broker Shore Capital's upgraded forecasts point to near 10% profits growth to £8.5m, estimates which are likely to prove conservative, as well as a 6.5% increase in the four times covered dividend to 9.05p.

dreamcatcher - 22 Aug 2013 07:03 - 34 of 58


Re: Potential Acquisition

RNS


RNS Number : 2325M

Wynnstay Group PLC

22 August 2013







AIM: WYN





Wynnstay Group plc

("Wynnstay" or the "Company")



Re: Potential Acquisition



Further to its announcement of 30 July 2013, Wynnstay, the agricultural supplies and specialist retail group, is pleased to provide an update on its proposed acquisition of all of the business and assets of Carmarthen and Pumsaint Farmers Limited (the "Society") except for its freehold properties (the "Acquisition").

At the Society's special general meeting, held yesterday, its ordinary members passed a special resolution to convert the Society from its current status as an industrial and provident society into a private limited company (the "Conversion") and approve the Acquisition.

The Acquisition is now conditional on, inter alia, the Society's ordinary members passing an ordinary resolution to confirm the Conversion, at a second general meeting which is to be held on 11 September 2013 (the "Second Meeting"). Assuming the vote is passed at the Second Meeting, the Company expects that the Acquisition will complete at the end of September. The Company will make further announcements in relation to the outcome of the Second Meeting and the expected completion date for the Acquisition in due course

dreamcatcher - 27 Aug 2013 16:37 - 35 of 58


Wynnstay chairman Gareth Owen dies

StockMarketWire.com

Wynnstay said its chairman, Gareth Owen, has died. An announcement regarding the appointment of Owen's successor would be made in due course.



At 9:51am: (LON:WYN) Wynnstay Group share price was 0p at 551p


Story provided by StockMarketWire.com

dreamcatcher - 30 Aug 2013 21:23 - 36 of 58

Still favoured by shares mag this week .


Wynnstay Group PLC (WYN:LSE) set a new 52-week high during today's trading session when it reached 580.00. Over this period, the share price is up 44.40%.

dreamcatcher - 12 Sep 2013 07:11 - 37 of 58

Acquisition and Placing


http://www.moneyam.com/action/news/showArticle?id=4666894

dreamcatcher - 12 Sep 2013 18:32 - 38 of 58

Wynnstay raises funds and buys Welsh farm stores

Thu, 12 September 2013


Farm supplies group Wynnstay has completed a nine million pound fundraising to complete the purchase of seven Welsh country stores.

The stores are run by Carmarthen and Pumsaint Farmers, an industrial and provident society, whose members on Thursday voted in favour of the acquisition.

Wynnstay Chief Executive Ken Greetham said: "The addition of the society's seven stores in South West Wales represents an excellent fit with our existing Wynnstay Country Stores activities and enables us to extend our presence in an area where we have been under-represented.”

He said the group intend to expand the range of products and services in the shops and added that the location of Wynnstay’s feed mill at Carmarthen would bring additional advantages.

The company placed shares at 535p, a 4.9% discount to the closing price the previous day, to raise a net £8.7m after costs going mainly to its broker Shore Capital.

Greetham said the fundraising was well supported by both new and existing investors.

“Due to very strong investor demand, we are delighted to have been able to raise additional funds above the amount we needed to fund the acquisition, which will help to support our position as a consolidator in the agricultural sector.”

Shares in Wynnstay were down 0.5% to 558.5p at 13:49 on Thursday.
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