Nwf Share Discussion Threads

[davebowler] 11/10/2022 11:51

All time high.

[davebowler] 30/9/2022 09:14

Cenkos-
NWF (NWF.LN, 236p, Market Cap £115m, NR) – Defensive growth is an attractive trait given the current backdrop and NWF looks to be ticking this box. Its AGM statement reveals that trading in Q1 (seasonally its quietest quarter) has been strong, with all three divisions ahead of both expectations and the prior year. The group also remains cash positive. On a divisional basis, whilst there is lower volumes in Fuels, it has continued to manage the volatility in the price of oil and as a result, margins have been higher than the seasonal norms. In Foods, storage capacity is almost fully utilised and operating efficiencies are helping margins. Feeds is seeing a good recovery coming through, with stability around volumes and margins remaining robust, following price increases. Whilst consensus is unlikely to move this morning, with the seasonally busier months to come, the inference on the directions of earnings looks clear. We also await further updates regarding acquisitions in Fuels.

[cwa1] 29/9/2022 08:08

Trading in the first quarter, which is typically our quietest period, has been strong. All three divisions have traded ahead of the Board's expectations and ahead of the prior year, with the Group remaining cash positive.

and

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 at this early stage of the year. We continue to have confidence in the Group's future prospects and to target development opportunities supported by our strong balance sheet and banking facilities.

As is its established practice, the Group will provide a further trading update in December 2022, following the end of its half year on 30 November ."

[wad collector] 29/9/2022 08:06

Broadly positive TU. Surely this is a relatively recession-proof sector?

[cwa1] 05/9/2022 13:04

Nice share price perormance on an otherwise tricky market day

[cwa1] 17/8/2022 07:14

NWF Group plc: Chair Succession Update

NWF Group plc ('NWF' or the 'Company'), the specialist distributor of fuel, feed and food across the UK, announces that, David Downie has informed the Board he will no longer assume the role of Chair of the Group, as previously announced at the time of the Half Year Results, and will step down from the Board effective 29 September 2022. The Board would like to thank David for his considerable contribution over the last five years, and wishes him well, as he looks to spend more time focussing on other portfolio commitments.

Philip Acton has agreed to remain as Chair following the conclusion of the annual general meeting in September, and to oversee the appointment of a new non-executive Chair. Further updates will be made as this process progresses.

[tomps2] 03/8/2022 12:42

NWF Group Full-Year 2022 results presentation August 2022

NWF’s Chief Executive, Richard Whiting and Group Finance Director, Chris Belsham present full year results for the year ended 31 May 2022.

“A record set of results, significantly ahead of market expectations at the start of the financial year, demonstrating the capability of the business to optimise performance and the resilient nature of our markets.”

Video:

Podcast:

[cwa1] 02/8/2022 07:50

Highlights:



• Record results for the Group, reflecting very strong operational and commercial execution in a challenging environment.

• Significant outperformance in Fuels as a result of volatility in oil prices in our final quarter, together with short-term benefits arising from periods when the UK market was supply constrained.

• Solid performance in Food across the year with warehouses at an effective operating capacity, high service levels and an improvement in operating efficiency as planned.

• Strong second half performance in Feeds, implementing price increases in response to unprecedented inflation in feed commodities and other key inputs more than offsetting lower volumes.

• The balance sheet remains in a robust position with the Group cash positive at the year-end for the first time, highlighting the resilience of the Group and providing significant capacity to support investment driven growth.

• Continued increase in shareholder returns; proposed increase in the total dividend of 4.2% to 7.5p per share, reflecting the strong performance and the Board's confidence in the prospects of the business.

• Performance to date in the current financial year has been in line with the Board's expectations.

Divisional highlights:



Fuels - headline operating profit of £17.2 million (2021: £9.3 million). Strong performance across the year with improved returns from a focus on customer service across our 25 depots, with significant one-off gains from providing service to customers when market pricing and availability was challenging in our final quarter.

Food - headline operating profit of £2.8 million (2021: £1.9 million). Consistent improvement in performance across the year. Warehouses were at an effective operating capacity and delivering high levels of customer service, with anticipated improvements in operating efficiency delivered ahead of plan.

Feeds - headline operating profit of £1.8 million (2021: £1.7 million). A strong recovery in the second half, following a disappointing first half, successfully navigating unprecedented volatility and increases in feed commodities supported by an increasing milk price across the country.

Richard Whiting, Chief Executive, NWF Group plc, commented:

"NWF has delivered a record set of results, significantly ahead of the market expectations at the start of our financial year. It has been delivered by focusing on service to our customers across the country and our teams responding effectively to unprecedented volatility in cost inputs and issues of supply availability. Oil and feed commodities were particularly impacted in our final quarter, as a consequence of the conflict in Ukraine. The Group has established a strong track record of resilience and performance and we are excited by the opportunities across the Group to continue our development."

A meeting will be held for analysts at 9.30 a.m. on the day of the results announcement at MHP Communications, 60 Great Portland Street, London W1W 7RT . Please contact MHP for further details at [e-mail] .

[cwa1] 26/7/2022 17:19

One for the diary...

WF Group PLC

26 July 2022

For immediate release Tuesday 26 July 2022

NWF Group plc

NWF Group plc: Final results for the year ended 31 May 2022

NWF Group plc ('NWF' or 'the Group'), will announce its final results for its financial year ended 31 May 2022 on Tuesday 2(nd) August 2022.

A meeting will be held for analysts at 9.30 a.m. on the day of the results announcement at MHP Communications, 60 Great Portland Street, London W1W 7RT . Please contact MHP for further details at [e-mail] .

[cwa1] 23/6/2022 17:21

Schroders stake increase...

[cwa1] 16/6/2022 07:37

If Carlsberg did trading updates...

16 June 2022

NWF Group plc

For release 7.00 a.m. 16 June 2022

NWF Group plc

NWF Group plc: Trading Update

NWF Group plc ('NWF' or 'the Group'), the specialist distributor of fuel, food and feed across the UK, today announces a trading update for the year ended 31 May 2022.

Trading update

The Group is pleased to report it has delivered a record year, in line with its trading update issued on 10 May 2022, and a materially stronger performance than had been expected at the beginning of the financial year. These results demonstrate both the resilience of the Group and its ability to deliver a good financial performance in volatile market conditions. Cash generation has remained strong and the Group was cash positive at the year-end, compared to reporting net debt last year.

Fuels:

Outstanding performance which benefitted from very significant short-term volatility in oil prices and periods when the UK market was supply constrained. The teams in the Group's 25 depots have focused on maintaining service to existing customers which at times has involved trunking fuel across the country to meet regional shortfalls and adapting pricing strategies to mitigate exposure to the challenging commodity price fluctuations.

Food:

A strong performance across the year with warehouses at an effective operating capacity, and the achievement of significant efficiency improvements. The business has also been successful at passing on inflationary costs by working closely with customers and maintaining high service levels.

Feeds:

Good recovery in performance in the second half with the business effectively managing the commodity market price increases and volatility, particularly in the final quarter. Positively, increases in milk prices have been implemented to ensure farmers are incentivised to produce milk despite having higher energy, fertiliser, and feed price inputs.

Richard Whiting, Chief Executive of NWF said:

"We have delivered a record result driven by high levels of service provided to customers across the Group. The outperformance is principally attributed to the Fuels division where there were both fuel availability issues and significant price volatility. Our depot-based operating model has again proved robust in providing service to local customers, whilst utilising our national supply agreements to ensure we maintain deliveries to all our customers. We entered the new financial year in good shape with strategic progress continuing and a more stable operating environment for the Fuels Division."

[9degrees] 10/5/2022 10:17

Cant be bad news can it !!

[cwa1] 03/5/2022 17:33

Decent volume again today by NWF's normal standards

[cwa1] 28/4/2022 10:05

Some decent sized trades gone through the books this morning

[cwa1] 08/4/2022 08:26

Took a few this morning. Hopefully oversold. Fingers crossed...

[wad collector] 07/4/2022 18:44

No, it really has dropped 30p.

[wad collector] 06/4/2022 17:02

The indicative prices are a bit misleading if you look at the actual trades; the large spread seems to confuse the graphics.

[scooper72] 06/4/2022 16:18

Any reason for the drop. People taking profits probably on a bad day and a decent rise

[cwa1] 31/3/2022 07:43

So...that's ahead of ahead already. Right? ;-)

NWF Group plc: Trading update

NWF Group plc ('NWF' or 'the Group'), the specialist distributor of fuel, food and feed across the UK, today announces a further trading update for the current year ending 31 May 2022.

Following the positive trading update announced on 8 March 2022, which noted the Board's increased expectations for the full year, the Group has continued to outperform and as a result the Board now anticipates full year results will be significantly ahead of the revised expectations. This has been led by the Fuels business as a result of exceptional circumstances, with the very significant short-term volatility in oil prices and a supply constrained UK fuel market.

[wad collector] 12/3/2022 09:14

Xd a whopping penny next week...

[wad collector] 04/2/2022 14:36

IC is neutral about NWF today ; cautions that the Feed division is struggling.

[tomps2] 02/2/2022 08:19

#NWF H121 analyst presentation w Q&A given 1.2.22. Strong results. Fuel & Food offset weaker Feeds. H2 started with good momentum.

Video:

Podcast:

[1tx] 01/2/2022 16:36

Good results from Oil delivery & food distribution division.Feed market seems increasingly competitive,Carrs & Wynnstay strong competitors.I am a shareholder in all three firms!Probably fairly priced.