Nwf Share Discussion Threads

[petersinthemarket] 25/11/2023 13:52

Down nearly 10% in a couple of days and still showing overbought.
This is either a stonking buy opportunity, or it's going way down again.
I suspect the latter, but happy to be proven wrong.

[wad collector] 09/11/2023 17:05

Yep, going back to where it ought to be I reckon....
It's tracking the price of rapeseed oil?

[crumppot] 09/11/2023 15:06

Someone has seen something we haven't?

[cwa1] 09/11/2023 14:39

A bit of follow through today too, nice :-)

[barnesian] 08/11/2023 18:36

What's happened? Is there any news?

[cwa1] 08/11/2023 14:52

No idea, but quite pleased with today's perkiness

[petersinthemarket] 08/11/2023 12:56

A pleasing share price rise, but does anyone know what caused it?

[petersinthemarket] 17/10/2023 16:48

14oct: Looks like an excellent medium term trade to me. It is near the bottom of it's 3yr trading range of c190-280p. RSI(14) is very low at 16 and imo can only rise from here. It will go final xDiv 3nov for 6.5p, paid c9dec, worth having but total Div pa c7.5p/Yld3.8% is very poor. Been badly sold down recently and looks good value. Recent results were very strong. Now entering strongest time of year for revenue due to fuel and cattle feed deliveries. Taking out lease liabilities its net cash has grown to a substantial £16m. I've taken some with a view to hanging on for the upper end of the range for some medium term profits. It's near the bottom of a lumpy trading range and although very low today (194p), the share price has peaked twice in the last 6mths at c245p and c270p so there will hopefully be more than one future occasion on which to make any sell decisions. pete

[wad collector] 13/10/2023 18:37

Well that is another unhappy end to the week,though on the positive side, the share price is where it was before Covid struck, and broadly in line with the previous 5 yrs.

[1c3479z] 12/10/2023 12:49

still early in their year so anything possible? It's said to be a well-managed business apart from the cyber infiltration a few years ago.

[ntv] 10/10/2023 21:30

that is true CWA1 but not many companies doing that at the moment
Earnings around the 32p would be good for the FY
The market doesn't think that is possible though at the moment

[cwa1] 07/10/2023 11:10

The EPS figures "guided" by the company and there to be beaten?

[ntv] 07/10/2023 09:27

cfro
You will note current forecasts for EPS are
22p
22.7p
23.2p
Well short of the options figures

[cfro] 03/10/2023 09:34

Achievable? not at the moment imho unless they know something we don't but I will still stick around to find out



And why do you say that if i may ask? Even if we have a major recession I dont see any reason myself why at least the lower of those options targets cannot be met in three years time..

[ntv] 03/10/2023 09:19

Even if the lower amount of growth required to hit those options is achievable then EPS prospects are very good considering that last years were 30.1p so that PE ratio is going to continue to fall here and go even lower
Achievable? not at the moment imho unless they know something we don't but I will still stick around to find out

[cfro] 02/10/2023 09:21

Refreshing change to actually see a company set options at targets that will be beneficial to shareholders should they be hit. (RPI being the higher of the two standard inflation metrics, with CPI being the other, could be quite a hurdle to jump perhaps!)

[cwa1] 02/10/2023 07:47

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.

[cfro] 30/9/2023 14:48

Im reading a lot about the high probability of heating oil and diesel shortages over the winter.

I have no idea if this will transpire or not but i was just wondering what kind of effect this would have on the fuels division should it be the case. It might mean prices rise, perhaps significantly, which is a double-edged sword as it puts off buyers..

Can't work out if this division might struggle through lack of buyers and/or lack of supply or conversely might benefit through higher prices and perhaps higher demand (panic buying) providing supplies can be sourced..

[ntv] 28/9/2023 09:34

Not much more you can hope for in this current climate CWA1
Maybe a change at the top will bring a more generous dividend policy?
Especially as the interim 1p dividend must cost nearly as much to send out to shareholders

[cwa1] 28/9/2023 07:47

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.

[gswredland] 27/9/2023 05:48

Interesting view Ram.
Thanks for that.

[ramlamb] 26/9/2023 18:10

Monday afternoon a sale of 109,845 shares went through, not so sure about walking the price down.
I think the market is still spooked by Richard Whiting leaving next year after 15 years in charge.

[gswredland] 26/9/2023 15:05

Think you may be right!
I've just added

[marknicho] 26/9/2023 12:25

If I was being cynical Id say it was being walked down to get stock in before Thursdays AGM Trading Statement...

[cwa1] 26/9/2023 11:05

Anybody got an opinion on why the share price has been so miserable of late? Can't really see anything that would justify it(short of general market malaise!)?