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Surely with Countrywide closing now, Wynnstay ought to be reaping rewards and share price reflecting this opportunity for faster growth
more sellers than buyers here count the volume sales to the volume buyers,, serious money is selling out here do the maths
Supplier of products and services to the agricultural industry and the rural economy. The Company's segments include Agriculture, which is engaged in manufacturing and supply of animal feeds, fertilizer, seeds and associated agricultural products; Specialist Retail, which supplies to a range of specialist products to farmers, smallholders and pet owners, and Other. Its Feed division, which operates approximately two compound feed mills and one blending plant, offers a range of animal nutrition products to the agricultural market. It operates approximately 50 Wynnstay Stores, which provide a range of products for farmers and rural dwellers. Its Just for Pets, which is based in Hartlebury in Worcestershire, has over 20 specialist pet product stores operating on retail sites throughout the West Midlands. Its Youngs Animal Feeds manufactures equine and small animal feeds from its production facility at Standon.
Still remains in a downtrend. When will it turn?
Author presents some interesting methods of assessing value here. Wyn has not performed well for a while now although recently did bottom. The author has been tipping them since early 2014 however and given track record to date it wouldn't be one of my tips... http://www.iii.co.uk/news-opinion/richard-beddard/ten-years-wynnstay?context=LSE:WYN
Very very quiet thread but more interested in a good investment and making money than idle chatter ;) Bought 500 here @ 510p on 12.5.2015. Very good solid company with decent growth potential in a sector that will NEVER be discarded by investors (just occasionally out of favour). I see some good upside here as well as an ok dividend yield.
Does anybody follow Countrywide Farmers, WYN's principal competitor? (COUNF shares are a restricted market... traded by monthly auction in Asset Match (care of Share Centre) ... but they have announced the intention of moving to the AIM at an unspecified date).
jimmy Steady progress seems to me to be good, reflecting the reasonably cautious but successful management of the business, it is the sudden unexplained leaps and falls over the past few weeks that make me wonder about the so-far unexplained reasons. This seems unlikely to be down to expansion by this year's takeover.
frenetic - ups and downs on a firmly rising trend over the past 4 years. Alot more ups than downs. Was £1.50 just over 4 years ago - unbroken uptrend since
Price has been yoyo-ing. Day traders playing, there seems little else to account for it other than very short-term speculation?
Positioning for the next leg up? This share will sit very nicely in an ISA.
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
An excellent well-run company deservedly continues to go from strength to strength. Solid, diverse and with great prospects for the future. Number 1 share in my portfolio
OUTLOOK The outlook for the UK agricultural industry is positive, with an increasing world population just one driving factor and Wynnstay is well placed to progress as a significant supplier of inputs to the industry. In the near term, as we commented in our annual report, dairy and livestock farmers are seeing pricing pressures mainly as a result of supermarkets' desire to supply customers with the basic essentials, including milk, at "value" levels. Combined with the weak euro, this has seen farmgate prices for milk and meat reduce. However, by contrast, the arable sector remains buoyant and forward grain prices continue to be firm. Since we supply a wide range of agricultural inputs to both arable and livestock farmers, there is a natural hedging to our business and, with our strong balance sheet, we are well-placed to continue our growth strategy. Looking over the remainder of the financial year, the Board believes that the Group is positioned to achieve its growth targets and views prospects positively.
Ken Greetham, Chief Executive, commented, "After record annual results, Wynnstay has achieved encouraging half year figures, with agriculture and specialist retail activities both in line with the management's expectations. The Group's growth reflects the benefits of past acquisitions, most recently Wrekin Grain in May 2011 as well as continuing organic expansion. The pleasing performance from Wynnstay Stores is driven by ongoing high levels of non-discretionary spend by farmers, while our total number of Just for Pets stores has been increased to twenty in the period. The diverse range of Wynnstay's activities continues to be a key strength and, coupled with a positive outlook for the UK agricultural sector, we remain positive that Wynnstay is well-placed for further growth this financial year with favourable prospects ahead."
Animal feed manufacturer Wynnstay Group (WYN) unveiled a 14% climb in pre-tax profits to 4.52 million pounds for the six months to April. This was on the back of sales growth of 18% to 193.7 million pounds. On a divisional basis, the agriculture arm saw top-line growth of 19% thanks to the expansion of its arable activities, particularly with the acquisition of Wrekin Grain in May 2011. Wynnstay Stores and Just for Pets saw revenues grow by 12% following the continuation of the group's store roll-out plan. This improvement in performance enabled the firm to declare a 9.6% increase in the interim dividend to 2.85p per share.
Wynnstay intends to integrate PSB into its existing specialist retail business immediately, developing cross-selling opportunities while retaining the PSB trading name. For the year ended April 30th 2011, PSB generated revenues of £2.9m and adjusted operating profits of £0.06m. Its net assets at completion of the sale are expected to amount to £0.05m.
Agricultural and retail group Wynnstay has whipped out its wallet and bought PSB (Country Supplies), an independent agricultural merchant, based in Gloucestershire. The expected consideration is £0.5m, of which £0.35m will be paid upfront, with the remainder being tied to the achievement of profit levels. The acquisition further extends Wynnstay's geographic trading area and farming customer base, as well as adding an additional outlet to the group's Country Store chain. It also continues the group's strategy of acting as a consolidator in the fragmented agricultural supplies sector.
Charles Stanley initiated coverage of Wynnstay (WYN), the animal feed manufacturer, with an "add" recommendation and 376p target price. While noting the acquisition of Wrekin Grain and record revenue and profit growth for financial year 2010, the broker believes the group stands to benefit from positive trends in the agriculture sector. With that said, Charles Stanley is forecasting for the financial year 2011 a pre-tax profit of 6.9 million pounds, earnings per share of 29.76p and dividend of 7.3p. Wynnstay shares were flat at 356.5p.