Wynnstay Share Discussion Threads

[topvest] 12/2/2018 10:04

I've recently bought some of these. Been on my watch list for a long time, but buying at close to net asset value is good value in my view. Good niche player so should be able to grow the dividend at a rate ahead of inflation. Just for Pets fiasco now out of the way so can focus on their two core businesses again.

[9degrees] 30/1/2018 14:52

excellent H1 results from NWF today bodes well for this marketplace

[9degrees] 30/1/2018 14:52

excellent H1 results from NWF today bodes well for this marketplace

[topvest] 11/10/2017 20:53

Still going down. More bad news or a buying opportunity? For me, its not a buy at this price. Below £4 might be interesting. Watching and waiting.

[rhomboid] 17/9/2017 19:53

I'd be v surprised if any sensible landlord hadn't got topco guarantees in place from the PLC, makes me curious as to what else they're ducking, I also struggle to view it as ethical given that most counterparties will have felt that WYN was unlikely to leave them in the lurch. I'm not invested here but have held them in the past, I always felt that they, Carrs & NWF would all behave ethically as I know how many farmers treat people whose word is not their bond.

[topvest] 17/9/2017 18:00

Agreed, but frowned on when you are a listed company. Last year Just for Pets made a profit in its last filed accounts. Wynnstay are no doubt walking away from the c£7m of rent obligations.

[topvest] 16/9/2017 19:09

The share price went up on Friday. News was announced on Thursday. The subsidiary is obviously ring-fenced from the rest of the Group.

[gateside] 16/9/2017 18:54

How can Just for Pets be put in Administration, if other parts of Wynnstay are still making a profit?Would expect this to be marked down big time on Monday.Not held shares in Wynnstay for years, but still follow them, in case of good investment opportunity arises. One to avoid for now!

[topvest] 16/9/2017 18:23

Just for Pets put into administration. Unusual situation for a £100m market cap. Company. Ethical?

[topvest] 24/5/2017 21:29

Didn't realise it was so marginal as propped up by core retail business. Quite unusual that only 8% down on that update. Looked at their accounts at Companies House. No real profit on £14m of sales. Circa. £2m of fixed assets and £2m of stock. Lease commitments in total about £6m. Its going to be a sizeable charge I would think. Maybe £2-4m I would guess depending on the extent of onerous lease commitments. Maybe lots more if they write-off some of the Group goodwill, but its not disclosed how much there is in the Group accounts as its not a separate CGU.

[scotch broth] 24/5/2017 14:29

Oh dear.Now we know why they gave birdseed away at the AGM.
I am not selling the shares -rather looking forward to the next AGM.

[redartbmud] 24/5/2017 12:31

topvest

Pets was always going to be a train wreck. I can see why they bothered - diversification - but didn't agree with the move.

[topvest] 24/5/2017 12:24

Blimey - thats a nasty update. Starts positively, but then ends by saying that Just for Pets is a basket case. Bit of a surprise. Share price has further to fall on that update as the implications become apparent.

[undervaluedassets] 18/4/2017 07:49

market for feed picking up

Not inappropriate to think that we might get a nice read across.

[scotch broth] 21/3/2017 21:19

Popped into the AGM today.
Nice people, good nosh and improving outlook!

[jeffian] 28/2/2017 23:54

Still going well. #235 rather looking like a contrarian signal!

[jeffian] 31/8/2016 23:42

Well, it's clawing its way back there quite nicely.

[weemonkey] 16/8/2016 09:59

It is a bucket and spades business that has progressive dividend policy that has got very cheap hence the rally.

Sometimes it really is that simple

[dlku] 05/7/2016 18:45

farmers gonna lose EU farming subsidies


THIS IS SCREWED

[9degrees] 21/6/2016 10:02

Pretty reasonable prelim results from NWF this morning
Why should WYN be so adversely affected ???
When it takes off it will go strongly I reckon

[jeffian] 16/6/2016 00:19

No more than anyone else, I would have thought. The fact is, as one of the biggest net contributors to the EU budget, any agricultural support by the EU is effectively paid by us anyway, so it wouldn't cost the Government to stop paying Brussels and pay the farmers direct. As for tariffs, as a net importer of agricultural goods from EU, they would be stupid to get into a tariff war which would hurt them more than it hurts us.