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.

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

Agricultural supply to rural retailer Wynnstay Group announces record pre-tax profits

http://www.walesonline.co.uk/business/business-news/agricultural-supply-rural-retailer-wynnstay-8485709

Agm statement

26 Mar 2015 Wynnstay Group PLC (6.8 P) Ex dividend

Wynnstay featured in our weekly round-up of announcements from AIM, see more at http://tinyurl.com/proj74c

Half Yearly Report
RNS
RNS Number : 0088R
Wynnstay Group PLC
24 June 2015



AIM: WYN



WYNNSTAY GROUP PLC

("Wynnstay" or "the Group")



Half Year Results

For the six months to 30 April 2015



Key Points



· Encouraging performance - despite a difficult trading backdrop, with low output prices for farmers

- underlying* operating profit up 4.9% to £5.13m

- balanced business model has underpinned results



· Revenue of £200.56m (2014: £222.49m) - affected by commodity price deflation

- market share maintained or improved in key product areas



· Pre-tax profit up to £4.82m (2014: £4.70m)



· Earnings per share up to 20.26p (2014: 19.41p)



· Net debt at 30 April 2015 of £8.09m (2014: £10.86m), a 25% reduction



· Net assets at 30 April 2015 up to £80.28m (2014: £74.54m)



· Interim dividend of 3.7p, an increase of 8.8% (2014: 3.4p)



· Agricultural Division - revenue at £147.33m, operating profit at £2.23m

- increased feed volumes partly offset impact of low grain price on arable activities



· Specialist Retail Division - revenue at £53.18m, operating profit at £2.85m

- good performance, with CPF acquisition benefits coming through as planned



· New five year corporate growth plan agreed

- organic and acquisitive growth opportunities on existing foundations



· Long term outlook remains very positive; short term headwinds reflecting lower output prices



* underlying operating profit is before intangible amortisation and share-based payments



Chief Executive Ken Greetham commented:



"I am very pleased to report that the balanced business model has allowed us to deliver an encouraging first half performance, with underlying* operating profit up 4.9% to £5.13m, despite a difficult backdrop, with poor output prices for farmers. The main drivers of this resilient performance were the continuing progress within our Specialist Retail activities and increased feed volumes, which helped to offset the change in trading patterns within the arable sector.



Trading conditions for farmers have been difficult for the last two years. However the industry is cyclical and the macro economic factors around world demand remain compelling.



Our recently completed business planning exercise highlights the growth opportunities available to the Group and the Board remains confident about Wynnstay's continued future growth, built on the existing solid foundations.



The business continues to benefit from its broad base of activities and overall current trading is in line with management expectations."

Ex-Dividend
24 Mar 16 Wynnstay Group PLC [WYN] (7.4 p)
29 Sep 16 Wynnstay Group PLC [WYN] (4 p)

Scrip dividend election
RNS
RNS Number : 9135N
Wynnstay Group PLC
31 October 2016
 
AIM: WYN
 
 
Wynnstay Group plc
(the "Company")
 
Scrip dividend election and Directors' shareholdings
 
The Company announces the following information in relation to the ordinary share capital of the Company:
 
Elections to accept the scrip dividend alternative with regard to the interim dividend for the year ended 31 October 2016 paid on 31 October 2016 were received from the holders of 3,187,347 ordinary shares of 25p each in the Company ("Ordinary Shares"), in aggregate, representing approximately 16.4% of the Ordinary Shares in issue on 30 September 2016, being the record date for the interim dividend. Accordingly, 25,309 new Ordinary Shares have been issued in satisfaction of such elections at an equivalent price of £5.205 each, increasing the enlarged issued Ordinary Share capital of the Company to 19,495,193 Ordinary Shares. The additional cost to the Company of the dividend paid in cash amounts to approximately £651,327 in total.
 
In the issue, as set out in the dealing notifications below, two directors received new Ordinary Shares in lieu of cash dividends.
 
Application has been made for the new Ordinary Shares to be admitted to trading on AIM. Dealings are expected to commence on 4 November 2016.
 
Following the above transactions and for the purposes of the Financial Conduct Authority's Disclosure and Transparency Rules, the total number of Ordinary Shares in issue as at the date of this notice is 19,495,193 with each share carrying the right to one vote. There are no shares held in treasury. Therefore, the total number of voting rights in the Company is 19,495,193.
 
The above figure may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Disclosure and Transparency Rules.

AGM Statement
RNS
RNS Number : 9974Z
Wynnstay Group PLC
21 March 2017
 
21 March 2017
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 comment on current trading:
 
The trading environment for farmers has continued to show signs of recovery, with farm output prices higher year-on-year, although from low comparatives. This is encouraging although, as yet, it is too early to determine the strength of the recovery. There are important seasonal trading months ahead for Wynnstay, particularly for feed sales and these will influence the outcome for the half year. Nonetheless, at this stage, we continue to remain encouraged that Wynnstay is on track to return to growth in the current financial year.
 
In the Agricultural division, demand for ruminant feed has increased year-on-year, reflecting national trends.  Fertiliser sales have been good as farmers purchased ahead of anticipated price increases. Demand for spring seed is also encouraging and, as expected, the smaller 2016 harvest has meant that grain trading volumes in the period are behind the previous year.
 
Within the Specialist Retail operations, our agricultural retail activities have seen a small increase in like-for-like sales over recent months, mainly attributable to hardware products.  However, demand at Just for Pets, the pet products business, remains subdued, reflecting the challenging high street.
 
We are continuing to invest in the business, including in our technology platform, to drive efficiencies and better position the Group for long term growth.

Trading Update
RNS
RNS Number : 0349G
Wynnstay Group PLC
24 May 2017
 
 
 
 
 
24 May 2017
AIM: WYN
Wynnstay Group plc
("Wynnstay" or "the Company" or "the Group")
 
Trading Update
 
Wynnstay, the agricultural and retail group, provides the following update on trading for the six months to 30 April 2017.
 
The Group's activities excluding the pet products operations, Just for Pets, are expected to show a better performance for the first half, year-on-year. Trading headwinds for farmers have eased somewhat but the agricultural environment remains challenging, with margin pressures a feature. Just for Pets has continued to experience subdued demand, reflecting general retail trends in the sector, and certain stores in particular have not delivered the expected performance, resulting in losses in this activity during the first half. As a consequence, the Board now expects to book a non-cash goodwill impairment charge for the period although the level of this charge is yet to be finalised. This will result in the Company's reported profits for the first half of the financial year being materially lower than for the same period last year.  The Company's adjusted profit before tax (before the goodwill impairment charge) for this period will be marginally below last year, impacted by the Just for Pets performance.
 
Just for Pets remains a relatively small part of the wider Group and, accordingly, the Board is reviewing the options for the unit and expects to announce restructuring plans in the second half of the year. Any associated exceptional charges would be taken in this period.  
 
The Company will be announcing its results for the six months ended 30 April 2017 on Wednesday, 21 June 2017