Wynnstay Share Discussion Threads

[redartbmud] 14/4/2020 15:25

Wyn is run by farmers for farmers.
It was originally a co-operative and the families have decent sized stakes in the business. you only need to atternd the AGM to suss that out.
As a regular PI buying the shares, you have to accept that is the way that it is.

[thorpematt] 14/4/2020 15:20

Yes DBAY tend to be activist. In my experience they have a tendancy to look for companies which ther perception says could be run better - that is to say commercially aren't quite as profitable or aren't exploiting their market as well as could be.

In instances where the progress hasn't been made (and the share price continues to lag) they buy the lot.


From a PIs point of view it is highly irratating when they get a bargain (and you know it). Ultimatley of course if the progress isn't quite there then one can argue that the (usually) small supplement to 3 month ave price is better than nothing.

Often times one has to wonder however. How often does a BoD vote down an unfavourable deal when they retain a small supplement to their options and retain their jobs. Is it really in shareholders best interests?

Incidently I have always felt tha WYN could be run better and perhaps DBAY and I have come across each other so much for precisely the reason that they (in my experience) often have a point.

[zoolook] 14/4/2020 11:52

Pondering on this I think the DBay interest overall is a negative. They have form in buying companies at bottom dollar and a bad trading statement or overall further lurch down in market sentiment could potentially see them successfully launch a super lowball bid bearing in mind that NTAV is £4 a share.

[zoolook] 12/4/2020 16:03

Harvey Nash thread is still up.


They took over a year from taking a notifiable stake to bid and the premium was low and based on normal value metrics at the time of purchase they got a bargain. Mind you, recruitment not a great business to own right now.

[zangdook] 10/4/2020 04:57

They also took over Eddie Stobart Logistics, in an extremely dodgy deal.

[arthur_lame_stocks] 10/4/2020 03:49

They also took over Creston. Rumoured to be interested in SAA.

[zoolook] 09/4/2020 23:15

They are the outfit that took over Harvey Nash. Took their time about it IIRC

[playful] 09/4/2020 18:49

Interesting to see todays holding RNS...

Hands-on opportunistic investor DBAY is an AIM-listed investment holding company.

It invests in quoted and unquoted small and mid-sized companies. The investment strategy is primarily that of a value investor, with an intention to take a hands-on approach, ie similar to an “active value” investor.

DBAY aims is to provide shareholders with capital growth and dividends from investment performance and exits. DBAY was seeded by Laxey Partners, the activist asset manager, which still holds 93% of the equity.

[+eysenck] 09/4/2020 12:05

I've taken a small holding here recently. I see today that Investec Wealth & Investment have sold their 10% holding. This may have been putting pressure on the share price recently.

[creditcrunchies] 06/4/2020 20:20

these rural type suppliers do have terrible customer service I've had my battle with some of them in the past, there was one that was clearly in the wrong took down my reviews from google and their online store even though I had evidence to prove I was in the right (dates, times, emails and photographs). They're country type folk that are just pig headed in the main. The reviews were literally the events as they happened just a collection of fact without any opinion so I was quite surprised they managed to get them removed. I guess it's only a problem if they get competition.

[zoolook] 06/4/2020 09:37

Picked the brains of relatives who are hill farmers who didn’t have much good to say about Wynnstay. The customer service sounds third rate. That said there was limited competition. Guess the two go together but still an area where they can improve.

[cjohn] 03/4/2020 07:45

SPOB "should we be growing more of our own food

can't see much coming out of spain and italy going forward"

CJOHN " They're not intending to shut down agriculture! (in Spain) "

SPOB "I was thinking about labour shortages, when people with symptoms are forced to stay at home."

Hello Spob, This is the end of the third week of strict lockdown here in Spain. But agricultural activities continue to be excluded.

This is not only because they are essential, but also because up till now, the infection rate in agricultural areas has been very low. Madrid, urban Catalonia and Vitoria have been the hotspots here


I understand that the current conditions are making transport of agricultural goods more complicated, but I'm told this is a marginal effect so far. (Have you noticed any price increases in the UK?)

all the best

[creditcrunchies] 02/4/2020 21:14

Sounds daft because Pets at Home are seeing huge demand for pet feed boosting their bottom line this year:

Pets At Home has provided a post-close trading update for the year ended 26 March 2020, stating it expects pre-tax profit for the full year to exceed original expectations. This is primarily due to the rapid increase in demand for its products over recent weeks brought about by the Covid-19 epidemic.

[9degrees] 27/3/2020 11:17

There were worries about their country stores having to lock down but have been given green light to stay open as essential services. weather also improving so farmers can startfarming so stocks can now be turned into cash . Cheap share

[zoolook] 27/3/2020 09:57

Reflecting sector worries I’d guess - farming has had a rough time since Brexit vote. Irrespective the company is trading ok. Nice dividend too

[zangdook] 27/3/2020 09:10

Any particular reason these have been on a downward trend for the last three years?

[aldgatee1] 25/3/2020 13:14

Wynnstay to keep most or all of its stores open. From the AGM:

Following the Government's announcement on 23 March regarding the closure of non-essential retail outlets, the Group understands that its Specialist Agricultural Merchanting Depots are classified as supplying essential goods to the agricultural industry and rural community. As a result, these outlets have remained trading, however some disruption to normal operations is expected regarding employee availability and the measures we are undertaking to protect both colleagues and customers. The Group's feed, seed and fertiliser processing activities and other distribution operations continue to function to plan.

[spob] 25/3/2020 11:45

SPAIN - " They're not intending to shut down agriculture! "

I was thinking about labour shortages, when people with symptoms are forced to stay at home

[games] 25/3/2020 09:35

Totally agree.

And it beggars belief to me at least the share price rises over recent days of some companies that are shutting shop and cancelling dividends.

Here's something to think about.

It was often mentioned that summer would be a saviour regarding coronavirus. And while it may help, I don't believe it will be as effective. The reason, sunspot activity has all but disappeared, and when this happens, their is less UV, UV kills virus.

Take some vit d.

And longer term, I wonder what effect a grand solar minimum would have on farming, farm prices... If it were to come about.


Wyn is a decent company, I will prob buy in at some point.

[creditcrunchies] 24/3/2020 23:08

on the flip side though meat is in short supply in all supermarkets and corner shop stores there just isn't enough stock to satisfy demand at the moment. Not much is warehoused anymore so production will have to get ramped up to feed the country. Imports of produce from Europe are slowly grinding to a halt, so home grown food will be the growth sector for the time being. I've already been hit by a company suspending an agreed dividend however, Wynstay is cash rich with a strong balance sheet so no doubts about the dividend. Pet food suppliers do appear to be in the government list of shops that are permitted to remain open if true that means Wynstay should be able to stay open through the lock down. Fingers crossed

[games] 23/3/2020 15:52

Mcdonalds announcement that closing all outlets will hurt the uk/Irish beef industry.

[creditcrunchies] 23/3/2020 12:22

upside is limited in these types of company but if you're looking for a SIPP candidate paying a decent yield they fit the bill. This type of company should fare relatively well in the current environment the focus will be on more home grown and livestock still needs feeding.

[cjohn] 18/3/2020 13:07

spob
14 Mar '20 - 19:56 - 353 of 358

should we be growing more of our own food?

can't see much coming out of spain and italy going forward...





I must have missed that piece of news? Nothing up with the food supply here in Spain. They're not intending to shut down agriculture!




PS WYN is an attractive value proposition, certainly more so than CARR, but there's more potential upside elsewhere.

[games] 17/3/2020 16:30

Latest api report was on the 12th.

Director bought same day.