Nwf Share Discussion Threads

[m.t.glass] 30/1/2003 13:22

Share price up on good results today:

LONDON (AFX) - NWF Group PLC said its pretax profit rose 26 pct for the six
months ended Nov 30, as all of its businesses posted better results than the
previous year, and said it remains confident about the outlook for the second
half when most of the group's profit is typically earned.

Pretax profit rose to 1.51 mln stg, or 13.1 pence a share, from 1.20 mln
stg, or 10.5 pence a share, the year-earlier period. Sales climbed to 76.5 mln
stg from 73.9 mln.
The agriculture business posted an increase of 16.0 pct to 545,000 stg in
operating profit on better volumes and margins. Distribution raised its
operating profit by 9.7 pct to 667,000 stg helped by improved margins. Operating
profit for fuels rose 13.0 pct to 520,000 stg with overall volumes 5 pct higher
than last year although the mild autumn slowed heating oil demand. And in
retail, operating profit jumped almost six fold to 41,000 stg after a rainy
early summer.
The company said it will pay an interim dividend of 4.0 pence a share, up
from 3.6 pence in 2001.
jc

[shuisky] 28/1/2003 15:18

Yep- Well called TDAy. Part of this is due to the market, but also I've noted a the following.. I figure high oil prices will hurt their business, car petrol may be price inelastic but I doubt personal and business use is. Furthermore, a few other 'garden centre' stocks have reported disappointingly, and the food sector has been hit (Northen Foods, Geest et al) this will hurt the distribution side. This looks like it could be oversold.

I like the long term EPS growth record here, and it looks to me a very good stock to buy when Iraq is sorted out and Oil goes back to between $18-$25.

[tday] 28/1/2003 13:12

The chart has turned - with a vengeance.

[8 ball] 21/1/2003 22:07

Hi dgwhughes.

I have a thread for wyf on here, you will see I used the pe of NWF on WYF and came up with a price of £6.

[tday] 21/1/2003 20:06

As I said, the chart looks as if it could turn.

[dgwhughes] 21/1/2003 19:36

8 ball, interesting article in the Daily Post (Local paper) today, full page interview with the M.D of Wynnstay ! Statting that he's looking for an AIM listing when the conditions are correct, to give access to more funds.

Interesting comparison to NWF shops, stating that Wynnstay gets a lot more sales per employee from theirs. Also said that they'd looked at garden centres all over the country (probably to buy ?) but come to the conclusion that 70 % lose money. They sell £1m worth of dog food per year ?? (high margin I would guess,

Once they move onto AIM, possibility of takeover/merger with NWF must increase,

[m.t.glass] 10/1/2003 15:42

Interim results date confirmed as 30 Jan.
Announcement included trading comment and price perked up.

Climbed 22% after interim results (Feb 1) last year.
Spiked briefly after those a year earlier too.

Price put on an impressive 59% in 2002 as a whole.

[tday] 06/1/2003 15:53

Have sold out.

Chart looks as if it could turn.

[shuisky] 03/1/2003 13:43

Hi, I'm interested in this stock. It seems to have slipped in the last two months. I'm wondering if this is due to the fears of war in Iraq and a subsequent rise in the price of oil. Since they are distributors of oil/fuel, my guess is that the a higher price might effect volumes (if not for personal users , but for business and home users) . Apart from that the fundamentals look great. Any thoughts?

[tday] 10/12/2002 14:58

I'm in, but having looked at the forecast profits growth and the PEG, I'm not sure if I should stay in.

[tday] 13/11/2002 16:55

It looks as if the price is about to roll over.

However, will keep an eye on it.

[8 ball] 08/11/2002 19:45

What makes you say that TDay?

I would like to see them go after Wynnstay group.
Word as it that they are looking to move from OFEX to AIM, in the next 18 months.
They would make a great merger.
What a great looking chart.

[tday] 08/11/2002 17:02

Do you think NWF might be eyeing Blooms of Bressingham?

[tday] 26/9/2002 17:12

8 ball

Worth milking for the dividends!

Isn't it the potential capital growth that's attractive?

I've been in and out of NWF since they were 159p, making 30-35% here and there in about a year - and collected the odd dividend.

[8 ball] 16/8/2002 19:31

Tip in today's Telegraph..................


A four-legged friend in NWF

In these days of focusing on core businesses, the City might look askance at a company like NWF Group.

The Aim-listed company, originally a farmers' co-op, has four distinct, similar-size businesses, and, apart from a sort of rural connection, there is little crossover between them.

The company is one of the UK's largest independent fuel distributors, selling more than 1m litres of Texaco and other fuels each year.

It also makes about 200,000 tonnes of stockfeed each year, accounting for around 6pc of the UK market.

A consumer products distribution business supplies most major supermarkets, while the final division - retailing - sells garden and rural products.

This spread of businesses has in the past helped the company weather tough conditions caused by BSE, foot and mouth, bad weather or a fluctuating oil price.

In true farming speak, chief executive Graham Scott likes to say the business is a four-legged animal - and, if a leg turns lame, it can still stand up.

In the year ended May 31, all four legs appear to have been fully functioning, with the company yesterday announcing record profits of £4.2m.

Cashflow was up, and price rises and efficiencies resulted in improved margins. In addition, the company reduced its borrowings, leaving it with gearing of around 69pc at the year-end.

Lack of interest from the City affects NWF's rating, and, with only 1,200 shareholders, the stock is volatile. Yesterday's 27.5p jump to 305p was not unheard of - and the short-term movements can happen in both directions.

The Aim-listing makes NWF a useful investment for those looking to for favourable inheritance tax treatment.

House broker Old Mutual is forecasting profits of £4.4m in the current year, earnings of 36.3p and a dividend of 13.6p, giving it a yield of 4.5pc and a price/earnings ratio of 8.4 times.

Worth milking for the dividends.

[a0002577] 16/8/2002 14:12

No you are not alone - good share and worth holding for the longer term

[cockneyrebel] 16/8/2002 00:46

So I'm on my own and up a tasty 10%+ in a week.

Results came in ahead of 2003 forecasts! All four divisions growing well.

Buy today and you get the 9.4p divi if you are holding next week on AUG 21.

Great write ups on Citywire and Sharecast - expect these to get tipped everywhere over the next few weeks.

CR

[cockneyrebel] 14/8/2002 11:51

Still chirpy cheap cheap and results tomorrow.

CR

[8 ball] 08/8/2002 19:59

I thought I was the only one to be monitoring this stock.
Spent some time checking this out after the foot and mouth, as I felt the effect would be minimal.
Looked good value then, but in the end I bought shares in the closest rivals, Wynnstay Group which is listed on OFEX.
The valuation came out about 25% better.
Currently the share price is 440p, and the net asset value is 660p.

[cockneyrebel] 08/8/2002 18:11

How the punters sleep.

Not a mention of this stock on here for 4 months. Perhaps you would like a reminder. Recently the company said it expects to beat market estimates when it posts full year results on 15 August, one weeks time.

Estimates are for 31.8p eps for the year so that sits the stock on a PE of 8.6 if it just meets estimates. I think investors may not believe this as NWF only did 10.5p in H1, but this company's earnings are heavily weighted to H2. 10.8p in H1 was a 20% improvement over last year.

Divi yield is 4% and they pay at least 8p final divi which becomes ex div a week after the results.

So 8.6 PE or less, 4% yield, 8p final divi yours fr the taking, 20% growth or more.

The company seem to be batting itself into much finer shape - may be they can turn in even better than 20% growth too.

CR

[martin036] 11/4/2002 00:01

Are you talking about NWF.Group or another company.
If it is, I suspect you mean Netwindfall, then you could have least have got its ticker ( NWD) right.

If it is NWF I appologise ;-)

[chrisg] 10/4/2002 11:58

What stock deal? What transaction? If the deal, if there is one, is for cash, it can't be that big that it changes the face of the company, surely. Or is this just a ramp in the light of the substantial sell trades this morning, one at 8p less than the bid price, which can only show how desperate they were to sell.

[hbp] 10/4/2002 11:33

I understand that the stock deal will fund a transaction that may happen very soon, watch this space, these guys are close to something that will change the face of this company