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.

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.

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.

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

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.

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

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

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%.

Acquisition and Placing


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

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.

Ex dividend 25 Sept, payment 31 Oct - 3.1p

Completion of Acquisition and Placing

RNS


RNS Number : 3366P

Wynnstay Group PLC

01 October 2013








1 October 2013

AIM:WYN



Wynnstay Group plc

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



Completion of Acquisition and Placing



Further to its announcement on 12 September 2013, Wynnstay, the agricultural supplies and specialist retail group, is pleased to confirm that the acquisition of all of the business and assets of Carmarthen and Pumsaint Farmers Limited except for its freehold properties has now completed.



The Company also confirms that the 1,682,242 new ordinary shares of 25 pence each in the capital of the Company issued in connection with the placing to raise gross proceeds of £9.0 million were admitted to trading on the AIM market of the London Stock Exchange at 8.00 a.m. on 30 September 2013.

Wynnstay Group PLC (WYN:LSE) set a new 52-week high during Wednesday's trading session when it reached 587.00. Over this period, the share price is up 50.25%.

Wynnstay Group PLC (WYN:LSE) set a new 52-week high during Tuesday's trading session when it reached 620.00. Over this period, the share price is up 55.83%.

Good steady riser.

Wynnstay: Investec ups target price from 605p to 621p and retains a hold recommendation.

AGM Statement

RNS


RNS Number : 5067C

Wynnstay Group PLC

18 March 2014






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.

As previously reported, results for the year to 31 October 2013 set new records, with good contributions from all areas of activity. The performance was aided by exceptionally strong demand for feed, raw materials and spring cereals which reflected the adverse weather conditions in 2012/13.



Trading in the first half of the new financial year to date has also been influenced by the weather. Two successive poor harvests have reduced the grain crop and the exceptionally mild winter has shortened the housing period for livestock, reducing feed demand. While the remainder of March and April, both key agricultural months, are still to come, the first half results are currently expected to be behind the record level of the prior year. However current market conditions are encouraging for the second half of the year. Demand for spring fertiliser has increased and is likely to remain strong, partly as a result of the large acreage of winter cereals, which should also result in a good grain harvest this autumn. Wynnstay is also well-placed in the cereal and herbage seed sector and expects a more normalised demand for cereal seed, with strongest sales in the autumn period, in contrast to the last financial year.



Wynnstay's specialist retailing division continues to make progress with an increase in the number of Country Stores albeit the mild winter has affected the mix of sales. The initial integration of the seven new outlets in South West Wales is proceeding to plan and the focus will move to upgrading and enhancing the product offering. Just for Pets, the Group's pet products chain, experienced an encouraging start to the year and we anticipate opening new retail sites during 2014.



While the current financial year has experienced a more challenging start, the Group remains well positioned to pursue its growth plans.



As previously announced, Jeffrey Kendrick, Non-executive Director, retires from the Board and the Group today. Wynnstay would like to put on record its tremendous appreciation of his significant contribution over some twenty-five years and wishes him well in his retirement.

Half Year Results


· Robust trading performance in conditions markedly different to prior H1, a record half year



· Revenue up 3% to £222.49m (2013: £216.09m)

- including £9.0m contribution from Carmarthen & Pumsaint Farmers business ("CPF")



· PBT reduced by 10% to £4.70m (2013: £5.21m)

- no contribution from CPF in H1 as expected



· EPS decreased by 18% to 19.41p (2013: 23.60p), reflecting additional shares in issue



· Net debt significantly reduced at £10.86m, a decrease of 29% (2013: £15.36m)



· Net assets up 24% to £74.54m (2013: £60.16m)



· Increased interim dividend of 3.40p, a rise of 9.7% (2013: 3.10p, a rise of 8.8%)

- in line with policy to increase payout while maintaining a prudent dividend cover ratio



· Agricultural Division - revenues of £171.50m, operating profit of £2.35m:

- unusually mild weather impacted normal seasonal demand



· Specialist Retail Division - revenues of £50.81m, operating profit of £2.58m:

- reduced demand for weather-related products, particularly bagged feed, in country stores offset by

a strong performance from Just for Pets



· Integration of CPF well underway - will contribute to Group profitability in H2 and beyond

- H1 revenue contribution to both Divisions



· Prospects for the balance of the year are encouraging with a good harvest expected



http://www.moneyam.com/action/news/showArticle?id=4831471

14 Jan Investec 574.00 Hold

Wynnstay Group (AIM:WYN) - nice set of full year results from the agricultural suppliers. More at http://tinyurl.com/ppgedct

Final Results


Key Points



· Robust results with Group's broad spread of activities continuing to be a major strength



· Revenue at £413.56m (2013: £413.48m)

- affected by commodity price deflation but volume gains in certain markets



· Group pre-tax profit* of £8.60m (2013: £8.46m excluding exceptional item of £0.35m and £8.11m after exceptional item)

- following robust H2 performance



· Earnings per share of 35.28p (2013: 36.43p)



· Net cash at the year end of £2.75m (2013: net debt of £2.49m)



· Net assets at 31 October 2014 up 8% to £77.23m (2013: £71.55m)



· Proposed final dividend of 6.80p, taking total for the year to 10.20p, a rise of 9.7% (2013: 9.30p)



· Agricultural Division - revenue at £308.71m, operating profit of £3.80m:

- overall increase in volumes but margin pressure across core product categories

- fall in grain prices (to 2008 levels) tempered fertiliser and grain trading activity in H2



· Specialist Retail Division - revenue at £104.62m, operating profit of £4.88m:

- benefited from CPF acquisition, including profit contribution in H2

- now 42 Country Stores (catering mainly for farmers) and 20 Just for Pets stores



· Outlook positive despite near term challenges of reduced output prices for farmers




http://www.moneyam.com/action/news/showArticle?id=4962123