Nwf Share Discussion Threads

[hectorp] 16/12/2007 15:10

I can see a large yield, maybe 10%? is this right.
- close watch .

[wurfapunt] 31/10/2007 22:01

New CEO on board and making a difference. Scott wasn't dynamic so my guess is that there's some good news to come as the new guy kicks a bit of life into this one. My advice would be to hang in there.

[5dally] 05/10/2007 10:12

That will teach me to not be lazy,thanks Gateside

[gateside] 05/10/2007 08:23

Bonus Issue. See the RNS above.

For every share you hold, you will be issued with 4 more.

So in effect, no change in price.

[5dally] 05/10/2007 08:19

What's happened here

[dgwhughes] 05/10/2007 08:10

My reading of it is that they should do at least as well as last year... but probably not as well as they were hoping to do :-)

[davidosh] 04/10/2007 22:11

Any thoughts on the disappointing AGM statement today ?

[gateside] 15/8/2007 08:32

Scott retires from NWF
Chris Barry
15/ 8/2007

GRAHAM Scott signed off on a high note today as garden centres to distribution company NWF posted a strong set of annual results.

Mr Scott, 62, is retiring in September after 12 years with Cheshire-based NWF. He joined as the company floated on AIM and has overseen a 10-fold rise in the company's market value, from £10m in 2000 to around £100m.

He said today: "I am sad to go, but I am leaving on something of a high, with record profits in three of our four businesses. When we first came on to the market, it was just before the dot-com era, and for the first few years ours was not a fashionable business.

"When the dot-com bubble burst, people wanted safety, reliable results and a good dividend - which we have raised eight per cent this year - and we started to become more popular.

"With our four stand-alone businesses, we are very much a group - and I think a local success story. We employ around 1,400 people and will be taking on a couple of hundred more as we open our new warehouses in Cheshire."

Turnover in the year to May 31 rose nine per cent, while pre-exceptional profits rose seven per cent to £6m.

Mr Scott said the company's profit haul would have been greater still but for the weather, which hurt businesses at its six garden centres. "In April and March, like-for-like sales were up, but in May, June and July we saw falls of 10 per cent, 18 per cent, and 26 per cent."

The improved weather this month has sparked a recovery, he revealed, with sales up 33 per cent on last August.

The distribution business, which operates under the Boughey brand, was hit by the loss of a major customer - HP Foods - and this contributed to a fall in turnover from £27.2m to £27m.

In agricultural feeds, volumes rose 12 per cent to 500,000 tonnes and turnover by 13 per cent to £81.5m.

The fuels business overcame high global oil prices and weaker demand during the winter to lift operating profits from £2.8m to £3.1m. The garden centres, including a new site at Ashton under Lyne, saw turnover rise 38 per cent to £21.5m.

[dgwhughes] 01/8/2007 09:19

The new warehouse development at Wardle is almost complete with internal fit out of the structure at an advanced stage and external works due to be completed within a month.

The three new units are 12m high, occupy 300,000 square feet and will add 57,000 pallet spaces to the exisiting 44,000 pallets already held at Wardle. This has been managed by the installation of a combination of fixed and mobile racking, enabling 6,000 pallets in standard racking and 13,000 pallets in the mobile racking to be accommodated in each unit.

Boughey has recently gained a number of chocolate manufacturing customers and one of the units will be temperature-regulated to allow for storage of chocolate and chocolate-coated products during the warmer months.

[dgwhughes] 30/6/2007 14:42

found this interesting website.... I hope their forecast share price is correct !!!

[mw8156] 30/6/2007 13:44

more to do with the take over of Dobbies than any fundamental change in the business?

[dgwhughes] 29/6/2007 12:30

I assume the uplift must mean they've opened the new warehouses ?? Found the below which I think is the new building :

[davebowler] 28/6/2007 16:26

All time high.

[dgwhughes] 20/2/2007 13:09

From Atorka's website :

STRATEGIC INVESTMENTS

Atorka's strategic investments consist of acquiring a substantial stake in companies with attractive growth potential. Such investments can result in takeovers, if the opportunity arises, moving the projects into the private equity class, as was the case with Iceland Drilling.

Atorka currently has a strategic stake in the following companies, all of them listed on the London Stock Exchange.

Interbulk
Amiad Filtration
NWF
Romag

[gateside] 14/2/2007 08:02

From Armshare


The final results to May 2006 showed sales of £292.9 million (2005: £235.6 million), operating profit of £6.7 million (2005: £5.4 million), pre-tax profit of £5.5 million (2005: £4.2 million), EPS of 40.8p (2005: 35.0p) and DPS of 18.0p (2005: 16.7p). The company reported that Distribution made sales of £27.2 million (2005: £22 million) and operating profit of £2.1 million (2005: £1.2 million); Feeds made sales of £71.9 million (2005: £53.1 million) and operating profit of £1.5 million (2005: £1.9 million) - eliminating the effect of last year's provision release, the underlying operating result was 4% higher; Fuels made sales of £178.2 million (2005: £145.4 million) and operating profit of £2.8 million (2005: £2.6 million) - sales include 12% volume growth; Garden Centres made sales of £15.6 million (2005: £15.1 million) and operating profit of £300,000 (2005: £(300,000)); the largest development under way is the construction of three new warehouses that will add around 60,000 pallet spaces, an increase of 133% - there will be little financial effect in 2006/07, a part-year effect in 2007/08 and the first full year effect in2008/09.

The September AGM update reported that Q1 2006/7 trading opened satisfactorily with performance running ahead of last year.

The interim results to November 2006 showed sales of £155.7 million (2005: £133.6 million), operating profit of £2.9 million (2005: £2.4 million), pre-tax profit of £2.3 million (2005: £1.8 million), adjusted EPS of 19.4p (2005: 17.9p) and DPS of 4.9p (2005: 4.6p). The company reported that Distribution made sales of £14.5 million (2005: £13.6 million) and operating profit of £958,000 (2005: £934,000) - the first of the 3 warehouses being developed at Ardle is due to be completed in H1 2007; Feeds made sales of £37.6 million (2005: £30.8 million) and operating profit of £913,000 (2005: £716,000) - volume increased 18%; Fuels made sales of £93.7 million (2005: £82.7 million) and operating profit of £963,000 (2005: £823,000) - volume increased 9%; Garden Centres made sales of £9.9 million (2005: £6.5 million) and operating profit of £49,000 (2005: £(83,000)) - like-for-like sales grew 9% - the Ashton under Lyne centre is due to open by Easter 2007; Distribution's H2 profits are being impacted by the loss in Autumn 2006 of a significant customer consolidating its logistics in-house - this capacity should be filled by a new customer (a major branded grocery supplier) wef May 2007.

A February 2007 update reported that Distribution has won a significant contract to provide logistics services to Typhoo Tea, filling wef June 2007 the vacant space referred to in the above para.

Research Standing

We said "ArmShare has regarded NWF for a number of years as a must for inclusion in every AIM portfolio. The setback does not appear however to be due to fundamentals and the prognosis is for recovery". The 2005/6 results support this view.

The company broker's note dated 12th February projects EPS of 46.4p for 2006/7, 59.5p for 2007/8 and 80.3p for 2008/9 representing P/Es of 20.2, 15.8 and 11.7 respectively based on the share price of 940p at 13th February.

[mw8156] 12/8/2006 12:33

Another mention in the Tele today.

[davebowler] 27/6/2006 13:52

That link ,linhur ,are you sure?

[linhur] 26/6/2006 16:18

Quick snippet in the Telegraph mentioning the rapid rise.


edit

[mw8156] 24/6/2006 11:01

Interesting share price progression - not sure the underlying trading warrants it judging by Wynnstay's results.

[a0002577] 23/6/2006 08:59

So - two days of strong rises. Do we expect an announcement this weekend?

[linhur] 13/6/2006 10:17

NWF looks as though they are going in the opposite direction to everyone else!! Are the Icelandics really coming home this time?

Steady 20p per day rise.

regards
linhur

[mw8156] 29/1/2006 12:37

Results due this week - hope they will be good following Wynnstay's fair showing last week.

[flintsurfer] 30/9/2005 11:05

LONDON (AFX) - NWF Group PLC said that although profits for the period to date normally represent only some 10 pct of the full year, trading since the financial year-end on May 31 has been ahead of the same period last year.

In a statement prepared for today's AGM, the warehousing and distribution group said it is confident of achieving a satisfactory outcome for the full year.

It also said that Graham Scott has agreed to extend his tenure as chief executive of the group for a further year, to at least the end of 2007, and it has appointed Mark Hudson, currently deputy chairman, to succeed chairman Roy Willis when he retires at the time of company's AGM in Sept 2006.

Willis said: "Since the year end, all four divisions have been active. Our Fuels and Feeds businesses have both recently made acquisitions that increase their geographic reach.

"We have also announced a new contract with Somerfield for our Distribution business and despite trading conditions remaining tough for our Garden Centres division, like for like profits have increased on the prior year period," he added.

[flintsurfer] 24/8/2005 16:40

If you want to quibble about "Proper" papers then The Times is the lowest of the low - it is Middle England's Sun!
I read The Sun for a grip on popular culture and The Guardian for real news/editorials. (That excludes Simon Barnes from The Times who is excellent)
Anyway......NWF...definite gem