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NWF Nwf Group Plc

218.00
0.00 (0.00%)
10 May 2024 - Closed
Delayed by 15 minutes
Nwf Investors - NWF

Nwf Investors - NWF

Share Name Share Symbol Market Stock Type
Nwf Group Plc NWF London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 218.00 08:00:00
Open Price Low Price High Price Close Price Previous Close
218.00 218.00 218.00 218.00 218.00
more quote information »
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Posted at 09/6/2023 07:44 by cwa1
Happy days :-)

NWF Group plc: Trading Update and Renewed Banking facilities



NWF Group plc ('NWF' the 'Company' or the 'Group'), the specialist distributor of fuel, food and feed across the UK, today provides a trading update for the year ended 31 May 2023 ("FY23"), together with details of its renewed banking facilities.

Trading update

As set out in the trading update of 9 March 2023, the Group delivered strong performances from all businesses in the first half. Pleasingly, this positive momentum has been sustained through the second half and consequently, FY23 headline profit before tax is now anticipated to be ahead of the current market expectation1 and in excess of £19.0 million2.

Net cash at the year-end is also higher than previous expectations as a result of the stronger trading result, ongoing disciplined cash management across the Group and some positive working capital movements.

Fuels:

· Volumes recovered in the second half as the team focused on increasing commercial business

· The Sweetfuels acquisition has been successfully integrated and is performing strongly

· The Board continues appraising earnings accretive acquisition opportunities in line with NWF's strategy of consolidating a fragmented UK Fuels market

Food:

· Demand has continued to be robust with storage close to capacity and increased outloads supported by improved operating efficiency

Feeds

· Solid demand for ruminant feed and ancillary products across the year supported by a strong milk price with the business effectively managing commodity cost volatility and inflationary cost increases

Renewed Banking facilities

The Group has completed the renewal of its banking facilities with NatWest Group for a three year term on competitive rates, with an option to extend by two years. The facilities of £61 million comprise an invoice discounting facility of £50 million, a revolving credit facility of £10 million and an overdraft of £1 million, with a further £20 million accordion available to support the development strategy of the Group.

Richard Whiting, Chief Executive of NWF said:

"We have delivered a very strong result for the Group and it's great to report that all three divisions have performed ahead of expectations in spite of the inflationary and cost of living challenges. The Group is well positioned with a net cash position and new banking facilities to further develop and grow."



1. Company compiled consensus headline PBT of £17.5 million; information for investors including analyst consensus forecasts, can be found on the Group's website at www.nwf.co.uk

2. Stated before amortisation of acquired intangibles and the net finance cost of the Group's defined benefit scheme
Posted at 24/3/2023 15:22 by crumppot
I have had shares in NWF since they floated on AIM but i cannot find the original price they floated for. Does anyone have that information please? Was the company a BES scheme originally? The company secretary and investor relations dont have this information.
Posted at 01/2/2019 17:35 by timbo003
NWF were at the Equity Development Investor forum on Wednesday evening, the slides and video recording can be found here:
Posted at 21/11/2018 16:35 by advfn_sales
Here is your chance to meet with NWF Group:

Using this unique discount code, ADVFN25, you will be able to get £25 off at Mello London 2018, a 2 day investor conference from the 26th – 27th November 2018 at the Clayton Hotel, Chiswick, London.



Tickets are normally priced at £99 for two days and £79 for one.

Type in ADVFN25 as the discount code.

Many Thanks and take advantage of this premium offer.

See you there.
Posted at 18/11/2018 23:01 by davidosh
Here is the full two day programme schedule for MelloLondon including NWF



It is jam packed full of about 75 company presentations, lots of top quality speakers and panel sessions plus workshops to help with investment style and techniques etc.

The pre event fun starts on the Sunday evening with a dinner and investor quiz hosted by John Lee but the main conference begins on Monday 26th November at 9am through to Tuesday 27th in the evening so do come and join us as there are still 97 tickets left...



See you there.
Posted at 22/10/2018 15:58 by 57eady eddie
Does anyone have any ideas what has caused this drop. Maybe the mild weather or price of oil? Can't see any other reason. Would appreciate any feedback as I'm a recent investor in this company
Posted at 22/10/2018 14:06 by davidosh
Just to let you all know that NWF will be presenting at our MelloLondon investor event in Chiswick W4 next month. MelloLondon is a two day event and starts on Monday 26th November through to Tuesday 27th November. You can find out more here...



There will be 65 quality companies exhibiting and presenting plus some very well known investors, entrepreneurs, fund managers and market commentators providing excellent keynote talks on a range of investment subjects. A number of investment workshops will be available each day and a ShareSoc MasterClass on the final day.
Posted at 02/7/2018 19:02 by davr0s
Well I sold earlier as support gave way and that's all I care about. Buyers not willing to support the price could be due to anything. Minervini (if you know him) refers to differential reporting where the underlying information that the institution investors will has may it be as rosy as the trading update. We will probably never know.
Posted at 26/10/2017 15:54 by tomps2
NWF Chief Executive Richard Whiting presents at the piworld/MHP/Progressive Equity Research investor event 25th October 2017. (c40 mins)



Introduction – 00:18
Group overview – 1:03
Recent results - 3:31
Feeds - 5:18
Food – 10:50
Fuels – 17:02
Group development strategy - 21:36
Investment proposition - 23:38
Summary & outlook - 26:44

Q&A - 28:39
Profits growth- 28:41
Feeds operating profits - 29:49
Subsidies - 31:21
Prices - 32:54
Revenue drivers - 34:45
Feeds strategy / divisions growth - 35:30
Posted at 20/6/2017 08:47 by rhomboid
Does anyone know the impact of this from the Interims "Post period end we have entered into a two-year agreement with Princes Limited to store a reduced number of pallets at Wardle as they utilise existing warehouse capacity within their network"?

Today they say; "Service levels were maintained at 99.7% and the division is actively seeking additional business to fully utilise space in 2018."

That suggests they have an ongoing pallet volume shortfall to me.

..and what is the point of saying this "The delayed opening resulted in some additional exceptional costs being incurred." without giving any indication of materiality?

They don't make it easy for investors..