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judging by the markets response they wanted a lot more than just good performance !
Serious continuing growth
Current year p.e. <10
Low Gearing <10%
Rich Net Assets 550p per share = 85% of sp
Progressive dividend policy
Acquisitive - opting for modestly-priced, earnings-accretive deals
Long-term reliable track record
What more can investors reasonably want or expect?
Putin’s war games could also destabilise agricultural prices. Sanctions too - Russia important for raw materials used for fertilisers.
Now taking its toll on WYN
#WYN FY results presentation 2021, for period ended 31 Oct 21, (given 7 Feb 22) by CEO, Gareth Davies & CFO, Paul Roberts. Record results with a significantly improved trading environment. They outline the growth plans and the prospects for future positive development. Trading for the new financial year has begun well, in line with expectations. Thought it was interesting to hear how positively the sector is faring.
Video: Https://www.piworld.co.uk/company-videos/wynnstay-wyn-full-year-2021-results-presentation-february-2022/
Podcast: Https://piworld.podbean.com/e/wynnstay-wyn-full-year-2021-results-presentation-february-2022/
As you say good results. But yesterday's video emphasised half a million windfall at Glasson in that figure.
Also, Paul Roberts CFO said 40p eps indicated by Shore for present year sounds about right, although much uncertainty.
Hence current sp (570) probably about right.
rating than this?
historic p/e 10-15 seems about right given chequered trackrecord of business/management
No one could say other than that today's results from Wynnstay are excellent with the company posting a 60% increase in earnings per share. Assuming these increase modestly to at least 50p per share in the current financial year, the shares are on an undemanding prospective p.e. of 12, when its recent growth performance appears to suggest a rather higher ratio should be justified. So why did the market appear to be somewhat underwhelmed by today's announcement? Might it possibly have been the unduly cautious looking 6% increase in the total dividend of 15.50p for the year, when most of us had been hoping and expecting something significantly higher, especially having regard to there being net cash of £9.24 million in the year-end balance sheet?
Wynnstay Group CEO, Gareth Davies & CFO, Paul Roberts will present full year 2021 results followed by Q&A. Please submit questions in advance to enquiries@ktz.co.uk, or you can submit during the webinar.
Register: Https://bit.ly/WYN_FY_webinar
Correction: 2nd Feb.
Results tomorrow, 27th
Very positive. Great company. The Wynnstay store at Pontesbury was humming on Saturday. Solid.
its a bit illiquid and can move up and down. farmgate prices ok so nothing too much changed
No idea why. As you say, the numbers look good and I've seen targets near the 700p. Let me know if you find anything please
Has anyone any idea why the share price has fallen practically daily for what seems like the last month? Figures seemed good and there doesn't seem to be any bad news stories! the kast share I had like this was CMCX just before they issued a profit warning!!
Full-year eps look likely to be 45p or better based on the very bullish outlook comments in today's announcement. On this basis they're trading on a p.e. of 10.9, more than fully supported by an NAV in excess of 500p per share.
The company is in far better shape with recently energised new management than when the shares peaked at 676p in early 2013 or 667p in mid-2016 . Assuming an undemanding eps of 50p is achieved in 2021-2022 (+11%) and applying a still modest p.e. ratio of say 14, this would equate to a share price of around 700p, an increase of 43% above tonight's closing price.
Not much not to like from the interims! Very nice to see
Decline? It’s pushing £5 again
Cheerful devil, aren't you?!
understandable profit taking
why should this trade at more than 7* EBIT?
tp 350
Agm statement today shows all on track for WYN. Looks like a great company for a long term holding. Operations continuing as normal so hats off to all the staff.
Nice steady progress here, my second favourite holding.