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NWF Nwf Group Plc

205.00
0.00 (0.00%)
16 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Nwf Group Plc LSE:NWF London Ordinary Share GB0006523608 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 205.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
200.00 210.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Groceries, General Line-whsl 1.05B 14.9M 0.3014 6.80 101.35M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 205.00 GBX

Nwf (NWF) Latest News

Nwf (NWF) Discussions and Chat

Nwf Forums and Chat

Date Time Title Posts
08/3/202419:40NWF Group554
26/5/200523:14Something is happening and it is good149
17/3/200217:04NWF in spite of 228p high, still a buy2
09/1/200223:51recent rise2
13/8/200114:29results-

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Nwf (NWF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-15 14:00:33205.484,8329,928.79O
2024-04-15 13:51:05205.003,6757,533.75O
2024-04-15 13:45:21205.785711,174.99O
2024-04-15 13:23:04205.881,8823,874.66O
2024-04-15 13:18:11198.151835.67O

Nwf (NWF) Top Chat Posts

Top Posts
Posted at 15/4/2024 09:20 by Nwf Daily Update
Nwf Group Plc is listed in the Groceries, General Line-whsl sector of the London Stock Exchange with ticker NWF. The last closing price for Nwf was 205p.
Nwf currently has 49,439,381 shares in issue. The market capitalisation of Nwf is £101,350,731.
Nwf has a price to earnings ratio (PE ratio) of 6.80.
This morning NWF shares opened at -
Posted at 01/2/2024 12:42 by tomps2
NWF Group (NWF) Half Year results presentation - January 24

NWF Group Chief Executive Designate, Chris Belsham and Chief Financial Officer, Katie Shortland present half year results for the six months ended 30 November 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:
Posted at 31/1/2024 11:40 by 9degrees
CFRO
Oil price reductions this year affecting margins , not ib their gift to influence - this will pick up again as supply reducees . Rubbish weather must have seriously disrupted agricultural business.
Boughey will continue to do well with new facility .
stick with it - a good business
Posted at 31/1/2024 08:36 by cwa1
I decided to quietly slink off too, might be quite some time before we hear any good news from NWF...
Posted at 10/12/2023 19:38 by 1c3479z
crumppot

if you read Roland Hill's very recent article you might conclude it's a steady compounder with and excellent dividend record, long-term multi bagging share price, opportunity for growth in food distribution and consolidation among fuel suppliers. Though feeds is a low growth relatively low margin business.
Posted at 08/12/2023 11:47 by barnesian
Yes I'm invested in NWF and nursing a small loss.

I'm not a short term trader and don't interpret the charts or daily movements.

It seems to have decent numbers - 18% ROCE, 4% divi yield, P/E of about 9. Not exciting but fairly solid long term hold.
Posted at 02/10/2023 07:47 by cwa1
NWF Group plc: Award of Options under Company Performance Share Plan



NWF Group plc ('NWF' or the 'Company'), the specialist distributor of fuel, food and feed across the UK, announces the following award has been approved under the terms of the established NWF Company Performance Share Plan (the 'Plan').


Katie Shortland, Chief Financial Officer of NWF, will receive an award of an option over a maximum of 92,760 ordinary shares of 25 pence each of the Company ('Shares') at a price of 221 pence per Share, being the mid-market price at the close of business on 29 September 2023. This award is subject to the following performance targets:

1. if the reported headline basic earnings per share for the three financial years ending 31 May 2026 increases by RPI plus 2% per annum then 27,828 Shares will be issued under the Plan; and

2. the maximum of 92,760 Shares will be issued if the reported headline basic earnings per share increases by RPI plus 8% per annum for the three financial years ending 31 May 2026.

Following the award, Katie Shortland will be interested in 92,760 options over Shares.

The Plan was established for the purpose of incentivising and retaining the Company's eligible executive management. Shares awarded under the Plan are subject to a performance criteria that requires NWF to meet a minimum reported basic earnings per share target over a three year period. The Remuneration Committee has responsibility for determining the award of Shares and the performance targets under the Plan. In the event of a recipient leaving during the period to 31 May 2026, the circumstances surrounding the recipient leaving the Company would be assessed, and any award which subsequently vests would be pro-rated to reflect the recipient's actual period of employment.
Posted at 28/9/2023 07:47 by cwa1
Solid if unexciting AGM Statement...

NWF Group PLC

NWF Group plc: AGM Statement and Trading Update

At the Annual General Meeting of NWF Group plc ('NWF', the 'Company', or the 'Group'), the specialist distributor, which is being held later today, Philip Acton, Chair, will make the following statement:

"I am pleased to give shareholders the following update on trading for the first quarter of the financial year which commenced on 1 June 2023.

Overall trading in the first quarter, which is typically our quietest period of the year, has been in line with the Board's expectations.

Looking at each division in detail:

In Fuels, volumes increased year-on-year with the expected normalisation of margins reflecting the stable supply conditions as well as competitive pricing of diesel and gas oil, with demand for heating oil low over the summer. The price of Brent crude oil increased from $74 to $86 per barrel over the period. Following the acquisition in the period of Geoff Boorman Fuels, which expanded our coverage and customer base in the South-East, the Board continues to pursue acquisition opportunities in Fuels in line with our stated strategy.

The Food division traded in line with expectations and the comparative prior year period. Storage volumes reached a peak of just over 140,000 pallet spaces (capacity 135,000 pallet spaces) with the business efficiently utilising overflow storage facilities as planned. Outload and associated backhaul activity were higher than the prior year reflecting the high storage levels. The Group continues to investigate opportunities to support the increased customer demand for its services through the addition of a new warehouse.

In the Feeds division, volume and margin remained stable across the summer, relative to the first quarter of the prior year which saw very significant volatility in raw material and farmers input costs and consequently higher milk prices. The business has just welcomed its latest group of eight trainees to the NWF Academy to commence their structured programme to become future NWF nutritionists. The NWF Academy is now in its fifth year.

With the seasonally busier winter months to come, which are the most material to the Group's performance, the Board's outlook for the financial year remains unchanged. We remain confident in the Group's prospects and continue to target development opportunities supported by our strong balance sheet.

As is its established practice, the Group will provide a further trading update in December 2023, following the end of its half-year on 30 November.

The Group also announces that Dawn Moore has informed the Board that she does not wish to stand for re-election at the AGM and will step down from the Board effective immediately in order to focus on her executive responsibilities. The Board would like to thank Dawn for her contribution since joining the Group and wishes her well for the future.

A process to recruit a new non-executive director and Chair of the Remuneration Committee will now commence. Further updates will be made as this process progresses.
Posted at 01/8/2023 07:38 by cwa1
APOLOGIES FOR FORMATTING OF TABLE BELOW!

NWF Group plc: Final results for the year ended 31 May 2023





"A very strong set of results, significantly ahead of market expectations at the start of the financial year, with all divisions performing strongly, successful acquisitions in line with our growth strategy and refinancing to support continued development."



NWF Group plc ('NWF' or 'the Group'), the specialist distributor of fuel, food and feed across the UK, today announces its audited final results for the year ended 31 May 2023.





2023

2022

%









Financial highlights







Revenue

£1,053.9m

£878.6m

+20.0%

Headline operating profit1

£21.0m

£21.8m

-3.7%

Headline profit before taxation1

£19.6m

£20.9m

-6.2%

Diluted headline earnings per share1

31.3p

34.8p

-9.8%

Total dividend per share

7.8p

7.5p

+4.0%

Headline EBITDA1

£25.8m

£26.6m

-3.0%

Net cash (excluding IFRS 16 lease liabilities)

£16.3m

£9.0m

+81.1%

Statutory results







Operating profit

£20.6m

£13.2m

+56.1%

Profit before taxation

£18.9m

£12.0m

+57.5%

Diluted earnings per share

30.1p

17.0p

+77.6%

Net debt (including IFRS 16 lease liabilities)

£13.5m

£19.2m

-27.6%
Posted at 19/7/2023 08:10 by cwa1
Solid enough announcement IMO

Acquisition of Geoff Boorman Fuels

NWF announces it has acquired the trade and assets of Geoff Boorman Fuels from Geoff Boorman Fuels LLP, which represents the second fuels acquisition in the last 12 months. This is in line with the Group's strategy to grow the fuels distribution business, in which the Group is the third largest player in the UK.

Geoff Boorman Fuels is a nineteen million litre fuel distributor based in Edenbridge, Kent with a largely domestic customer base. The acquisition complements Home Counties Fuels, the Group's Kent based commercial fuel distribution operation thereby supporting the Group's development in the South-East. The acquisition is expected to be accretive to underlying earnings of the Group, and the GBP2.6 million consideration has been paid in cash on completion from NWF's existing cash resources.

NWF's growth strategy is to both expand the geographic coverage of the fuels business within the UK and consolidate businesses adjacent to the existing depot network. NWF's acquisition of Sweetfuels Limited (announced on 22 December 2022) has been integrated as planned and is performing well.

Notice of final results for the year ended 31 May 2023

The Company will announce its final results for its financial year ended 31 May 2023 on Tuesday 1 August 2023.
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
Nwf share price data is direct from the London Stock Exchange

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