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& another...
this is likely to sail down thru 250 isn't it?
another of those delayed big sells
hope this ain't another "suckers' rally"
Why the expectation of testing lows? They look good value ?
Interesting...with so many Buys why is the sp still going down? Not sure I understand.
surprise surprise
one delayed sale, but how many more have the MMs hidden away?
the MMs have a pretty standard MO: show the "wrong" trades (so one the way up we only really saw selling (which worked with me cos I took my profits too early) & now all we are seeing is buying and the sp dropping
tp £1.90p- (see whether that holds)
dyor, all
DBAY still selling down?
perhaps retest £2?
#waiting
Sold out here earlier - then dropped back to £1.90 then surged to over £3 and back down. DBAY have bought a stake and then increased - this is not a distressed business, so they obviously see value here. With no debt and a focus on UK farming going forward still see a 40% upside here - just wish I had bought in at £1.90 rather than the £2.79 I paid today lol
perhaps they'll be t/o by a better managed outfit
It's stores were deemed essential and have stayed open + the feeds business also operates - which means it is reasonably isolated.
My only problem is that as Oogle points out the management have done a pretty poor job in comparison with it's nearest counterparts Carr's and NWF. I have owned all three for many years and Wynnstays share price and dividend are about 1/10th of the other 2.
They should however easily outperform most of my other shares by accident of the industry they are in over this year at least!
Shoody management is what it takes to halve the market cap in a growth industry (pun intended). So there is plenty of value here as suggested by stokopedia ranking. Don't think it's rising without good reason.
fairly valued here imv
strong balance sheet
versus
shoddy management / op profit margins
Broker target £3.50
sold another 1000@263.xp
on free carry
sold 1000@263.xp
too tempting
biggish sell finished
given food production is *not* going to be suspended in COVID Crisis (surely????), and ever weaker sterling must help British agriculture's competitiveness?
Not likely to have much of an effect at this stage but worth keeping an eye on
https://unitetheunion.org/news-events/news/2020/february/wynnstay-drivers-deliver-strong-mandate-for-industrial-action/
@MrG - actually I have sold here today - you might be right about the floods but as Wynnstay have a big presence in Wales/Shropshire I am worried about general business disruption due to the severity of the floods and was worried about a mind the gap rns profit warning - plus with the CV situation I have converted quite a lot to cash on the bounce in the wider market this afternoon, while we try and determine if we are are all about to get wiped out by CV lol - but hey it’s just me being cautious
I agree and bought a few shares. Nice jump today, hopefully the start of a nice steady climb. I wonder if the floods will create extra sales for animal feed.
@MrG123 - I bought in after results and just doubled down today. No debt, good 5% plus dividend and low P/E and I reckon will increase by 40% over the next 12-18 months. Typical boring and unfashionable share but the no debt is the key and am sure it will slowly re-rate.
Hi all, what's your opinion on this company? Looks like a good time to buy in.
Good solid stock until a profit warning happens and then it crashes big style as operating margins are so low at just 2%. May see it steady when the dividend comes at end of the month but could well drop further after that. 270p on its way imo and if that does not hold, 195p.