dreamcatcher
- 26 Jun 2012 22:07
dreamcatcher
- 26 Jun 2012 22:16
- 2 of 58
dreamcatcher
- 26 Jun 2012 22:18
- 3 of 58
Half Year Results
http://www.moneyam.com/action/news/showArticle?id=4395269
WYNNSTAY GROUP PLC
("Wynnstay" or "the Group")
Half Year Results
For the six months to 30 April 2012
Key Points
· Encouraging H1 results - in line with management's expectations
· Revenues up 18% to £193.67m (2011: £164.57m)
· Operating profit up 14% to £4.75m (2011: £4.15m)
· Profit before tax up 14% to £4.52m (2011: £3.97m)
· Earnings per share up 14% to 20.34p (2011: 17.91p)
· Net assets up 9% to £54.64m (2011: £49.96m)
· Interim dividend up 10% to 2.85p (2011: 2.60p)
· Agricultural division: revenues up 19% to £154.97m, reflecting
- the benefits of expansion of arable activities, especially with addition of Wrekin Grain, May 2011
· Specialist retailing: revenues up 12% to £38.68m
- Wynnstay Stores: sales continue to be underpinned by high level of non-discretionary spend
- Just for Pets: roll-out continues, with new store opened in February, bringing total to 20
· Board believes Wynnstay is on track for further growth this financial year
- long-term outlook for UK agricultural industry remains positive
js8106455
- 05 Jul 2012 11:11
- 4 of 58
dreamcatcher
- 05 Jul 2012 17:52
- 5 of 58
js8106455, thanks for the audio Takes investors through the whole business.
dreamcatcher
- 23 Aug 2012 17:54
- 6 of 58
Wynnstay Group's sales, profit and dividend record is hard to beat.
The lion's share of Wynnstay's sales come from supplying farmers with livestock feed and arable supplies (fertiliser, seed). As the country has become less able to feed itself, UK farmers are securing higher prices for their produce. In turn, this benefits a supplier like Wynnstay. This structural advantage has delivered huge growth.
In June, Wynnstay reported sales in the six months to the end of April 2012 were 18% ahead of last year. Earnings per share was up 14% and the interim dividend was increased by another 10%. Despite this strong first-half showing, analysts are forecasting a rise in eps for the year of just 8.9%.
Wynnstay's dividend has increased year-on-year for eight years. The current share price seems undemanding. Wynnstay is a successful company that is enjoying favourable industry conditions.
dreamcatcher
- 12 Sep 2012 15:29
- 7 of 58
Wynnstay Group is an agricultural supplies and retail business. The company has an eight-year record of increasing dividends to shareholders, and is one of the most successful companies listed on AIM today.
Wynnstay's low came in late December 2008. At this time the shares were trading at 161p. This was just 8.2 times the company's most recently reported full-year profits.
Considering Wynnstay had announced a 42% increase in interim profits just five months earlier, the market was undervaluing the company massively. This was demonstrated in January 2009 when Wynnstay reported record results and eps of 29p.
The markets that the company serves are uncorrelated with discretionary areas of the economy. It is surprising that the shares fell so low. Although they have since more than doubled, there is room for further rises. Wynnstay shares today trade at just 11.8 times 2012 forecasts. For a company with such an excellent track record, that seems cheap.
dreamcatcher
- 09 Nov 2012 14:39
- 8 of 58
Acquisition of Banbury Farm & General Supplies
RNS
RNS Number : 7716Q
Wynnstay Group PLC
09 November 2012
AIM: WYN
WYNNSTAY GROUP PLC
("Wynnstay" or "the Group")
Acquisition of Banbury Farm & General Supplies Ltd
The Board of Wynnstay, the agricultural and specialist retail group, is delighted to announce that it has acquired Banbury Farm & General Supplies Limited ("Banbury"), a hardware and agricultural inputs supplier, based in Burton Dassett outside Banbury in Oxfordshire, for a net consideration of up to £0.65m, after taking into account the utilisation of net cash in the acquired business. Of the net consideration, £0.45m is payable in cash on completion and a further consideration, up to a maximum of £0.2m, may also be payable, depending on Banbury's performance over the next two years. The acquisition extends the geographic spread of Wynnstay's agricultural and specialist retailing activities into the Oxfordshire area.
Established over 14 years ago, Banbury provides a range of products to farmers but also caters for local rural consumers. Its range includes animal nutrition products, diary hygiene products, fencing, gates, horse and pet food, chicken arks, stable matting etc. For the year ended 30 September 2011, Banbury generated revenues of £1.4m and operating profits of £0.19m. Net assets at completion (excluding net cash) are expected to amount to £0.15m.
Wynnstay intends to integrate Banbury into its Country Stores chain, part of Wynnstay's wider specialist retailing activities which also comprise 21 "Just for Pets" specialist pet stores. Together with recent acquisitions in Tetbury, Gloucestershire and Whitchurch, Shropshire, Banbury takes the total number of Country Stores outlets to 31.
Taking into account anticipated net cash acquired of £1.07m, the total gross cash consideration of up to £1.72m will be payable as to £1.37m in cash on completion, a balance of net assets payment made on calculation, expected to be £0.04m within 3 months, additional deferred debtors of £0.11m by August 2013 and the deferred consideration of up to £0.10m on each of the first and second anniversaries of the transaction.
The Directors expect to announce Wynnstay's full year results, for the year ended 31 October 2012, in January 2013.
Ken Greetham, Chief Executive of Wynnstay, said,
"We are very pleased to have acquired this successful agricultural merchant. The acquisition establishes a first physical presence for us in this important farming area, complementing the existing activities of our direct sales force. We look forward to working with the existing management team to expand the business they have successfully developed over a number of years by introducing our wider product range and expertise to their existing customer base."
dreamcatcher
- 28 Nov 2012 20:31
- 9 of 58
New high
dreamcatcher
- 12 Dec 2012 13:31
- 10 of 58
Up close to a £1 this year, moving up since Sept.
dreamcatcher
- 16 Dec 2012 15:26
- 11 of 58
Wynnstay Group – from seeds grow
Shares in agricultural group Wynnstay have steadily bloomed over the last few years, growing from 160p at the end of 2008 to around 440p now and look to have the legs for more.
On top of a solid company proposition, selling seeds, feed and fertiliser to farmers, the company has benefitted from sitting in a key macroeconomic investment sweet-spot predicated on a worldwide food shortage and ever-growing population. Inescapable and inexorable, this trend the legs to keep running for a while yet. What’s more, the group, which was formed in 1918 as a farmers’ co-operative, is looking to add further acquisitions after the recent £0.5m purchased of a small feed supply rival.
As for valuation, Investec analysts are forecasting pre-tax profits of £7.8m and EPS of 34.6p on sales of £388.1m for the current year to October, with a dividend of 8.4p pencilled in. Over the long term the shares should continue to slowly and steadily climb towards the sun, and like wheat they may be buffeted by the winds of the markets but the macro theme remains a strong compost.
dreamcatcher
- 18 Jan 2013 13:38
- 12 of 58
A great little share this one.
dreamcatcher
- 21 Jan 2013 20:11
- 13 of 58
Good day for WYN very rare to see this climb 4% like today.
dreamcatcher
- 23 Jan 2013 07:05
- 14 of 58
Final Results
Results at record level
· Revenue up 9% to £375.78m (2011: £346.18m)
· Group pre-tax profit* up by 13% to £7.82m (2011: £6.94m)
· Earnings per share up 16% to 34.99p (2011: 30.23p)
· Net assets at 31 October 2012 up 10% to £56.83m (2011: £51.70m)
· Proposed final dividend of 5.65p, taking total for the year to 8.50p, a rise of 9% (2011: 7.80p)
· Agricultural division - revenues up 8% to £295.19m, operating profit up 23% to £4.71m, helped by:
- full year contribution from GrainLink
- strong demand for feed
· Specialist retail division - revenues up 13% to £80.47m, operating profit up 5% to £3.90m
- Wynnstay Stores, geographic reach extended through new store additions
- Just for Pets, two new outlets opened, taking total to 21 stores
· Board remains positive about prospects in new financial year
http://www.moneyam.com/action/news/showArticle?id=4524591
dreamcatcher
- 01 Feb 2013 17:28
- 15 of 58
A Hold in this weeks IC - A combination of good grain supplies and buoyant demand for animal feed in the second half meant an impressive performance at Wynnstay's
(WYN) agricultural division- which significantly explains the groups decent full year
performance.
dreamcatcher
- 24 Feb 2013 12:08
- 16 of 58
dreamcatcher
- 19 Mar 2013 07:10
- 17 of 58
AGM Statement
RNS
RNS Number : 2840A
Wynnstay Group PLC
19 March 2013
AIM:WYN
Wynnstay Group plc
("Wynnstay" or "the Group")
AGM Statement
Wynnstay, the agricultural and retail group, will be holding its Annual General Meeting this morning and will make the following comments on current trading.
After a record performance in the last financial year, the first four months of the new financial year, ending 31 October 2013, have started well and the Group is on target to meet management budgets for the first half.
The Group's broad base of agricultural activities across both the feed and arable markets continues to provide robustness to the business. Within the feed operations, sales have been strong, in line with industry trends, and this is also reflected in the performance of raw materials trading at Glasson. Within the arable operations, seed sales have been very good and the expected recovery in fertiliser sales, after subdued demand in H2, is coming through as farmers approach the usage period. Trading at GrainLink, the Group's grain marketing operation, has been encouraging although as expected it has been affected by the very poor harvest conditions of 2012, which impacted both grain quality and yields.
The specialist retail division has delivered an encouraging performance to date. The Wynnstay Stores chain, now at 31 stores, continues to benefit from high levels of non-discretionary spend by its farming customer base. Footfall at the Just for Pets chain, with 21 stores currently, is responding well to marketing initiatives and like-for-like sales are ahead of the same period last year.
The Board remains confident that Wynnstay is well positioned for ongoing growth and views prospects for the year positively.
As previously announced, John Davies, Non-executive Director and former Chairman, retires from the Board and the Group today. The Board takes this opportunity to reiterate its thanks to John on behalf of all staff for his considerable contribution to Wynnstay's development over more than two decades as Chairman. The process to appoint a new Non-executive Director is now well advanced and the Board expects to make an announcement of a new appointment in the coming weeks. Wynnstay also announces that Jeffrey Kendrick, Non-executive Director, proposes to retire from the Board and the Group at the next AGM in 2014.
Ex dividend Wednesday 27 March 5.65p
dreamcatcher
- 29 Mar 2013 19:03
- 18 of 58
A buy in this weeks shares mag. Junes half year figures capable of producing further forecast upgrades.
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).