Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Analysts are forecasting a total return of 14.2p per share in FY20, giving a stonking yield of almost 5.3%. Definitely worth a shot
other than the fabled delayed sales, the rush to book a 5-10% profit is gratifyingly small it seems
"the" not "to" (typo)
the management here is underwhelming; perhaps competitors in this fragmented market can stiff an opportunity?
yes, I liked to first signs of cost control, and would like now to see more of the same plus addressing the other two gripes!
To be fair Jolly. Revenue was down 13% and profits up 8%. When you look at the competitors which is quite hard to find like for like. Carr are not doing well, NWF have faired better but on the comparison tool on Stockopedia its WYN that comes out top on many metrics. As they say they are resilient in very tough times.
no point trying to work out net buying/selling imnvho
trades on reasonable EV/EBIT (£55-60m/£7-8m) with strong balance sheet (incl net current assets minus all liabilities £2-2.50/share)
but huge question marks over management (why such poor returns on capital deployed? Are they serious about cutting costs and rationalising inventory? Do they have a coherent growth plan?)
Buy up to £3 for the trade imv
dyor, all
Finally! Very encouraging interim results. The sp should start to tick up steadily now
Interim div maintained. Adjusted profits up 8%. Barking good result chaps! "The Group is well-placed financially and operationally to navigate the ongoing coronavirus crisis. While we expect the remainder of the year to remain challenging, our confidence in the long-term prospects for Wynnstay remain undiminished."
yet another big late reported sale but only 80,000 this time. Sp staying pretty strong considering, although they did drop the spread 2.40-2.50 this morning. Just shows that there are plenty of buyers out there who know value when they see it even if an Int can't. Almost tempted again myself but am happy with my holding.
my guess is that we are close to a gradual re-rate toward £3.00-£3.50
the MMs here like slow sure movements (or have done on both the last up and down swing)...and (unless there's dramatic news: profits warning or t/o, say) I cannot see any reason not to guess the same again
Another big late reported sell. Must be nearly cleared I hope. Still no RNS. Of course they don't abide by the rules because nobody enforces them on Aim
a few more sells at 247.55...
somehow reassuring
& back down to 246 to sell
#MMGames lol
yep, meanwhile this distribution from one (or two/three?) large institution(s) to the rest of us grinds on
day by day 20-50k shares
& oddly no rns to disclose which institution is exiting
From Stockopedia in March: While free cash flow, sales and EBITDA might all get disrupted in the months ahead, in terms of value, Wynnstay has a strong, asset-packed balance sheet with modest debt, net cash of c£8m and more than £20m of freehold property. In fact, impressively, the group trades at a discount to net current assets, so you can ignore all freehold and still have a margin of safety.
Just done a comparison with Carr, Anpario, Finsbury Food and one other. Wyn wins again! But it is pretty tough out there
up to 247.7xp now to sell a few
(I don't own enough to know what they'd offer to buy 10k!)
could still be suckering us though
(it's all a bit too obvious)
245 for large sells & 247.32 for smaller ones
(up from 242 & 246-247.12)
I'm not remotely confident of the logic: the sell price (at decent vol) is inching up
But the MMs here had "done" me before, and may have suckered me again
I noticed those too Jolly. Quite interesting how static the sp has been.Plenty of buying including me. Normally they move a mile if someone buys or sells about 50 shares. The director purchases were encouraging back in Feb March and April. Always good to see the directors get their wallets out. I think some of the institutional selling has been client money from Shipley Brown. As to the most recent big trades I'm not sure. Cant see any problems on the balance, no debt, good free cash flow, div well covered, just not great profit margins, but thats the same for competitors. Have done comparisons with other similar companies on Stockopedia and Wyn is always the winner. Farming has been tough this year (isn't it always) but record rain in feb (hard to remember) and hardly a drop since.
plenty of 75k, 50k, 25k sized sells
so you'd expect one of BS, DBAY, Close etc to disclose another 1% drop soon...
Me too. The margins are pretty tight but then so too are they for competitors who are valued higher. Still holds top value slot on Stockopedia, though I dont think their system is infallible to put mildly they still have some great journalists commentating., and it came up again yesterday in an article on 'safe value' with dividends. The other problem is its not a very fashionable stock . However at this value its far better than holding cash I would think.
yet another delayed sale
(could well dribble down to £2!)
I'd prefer nearer £2 (and may well still get the chance)
but this is absurdly cheap rel to peers and fundamentals, and offers a lovely t/o to some company brave enough to consolidate in this fragmented sector
all amatuer opinion only
dyor, all
to dump lol
& then what about DBAY??
& another...
suckers' rally....