Wynnstay Share Discussion Threads

[studentinvestor13] 21/6/2020 11:30

Why not start with the IPO price May 2004 when the first day of trading was? Why arbitrarily pick January 28th 2005? Then your starting point is 190p.

You may want to try that exercise on Royal Dutch Shell, every single large banking stock, Taylor Wimpey, some metal box companies like Morgan Advanced Mats, Centrica. The list goes on and on and on. I don't know what your point is. This is not a high growth tech company.

That doesn't mean it's not absurdly cheap now. Nobody is saying you have to hold this forever. I can be picky with times too. If I had bought at 170p in 2008 or 300p in 2011 and sold at 680p in 2014 I'd have been laughing my head off.

[studentinvestor13] 21/6/2020 09:44

Here we go again. Buywell speaking in third person and calling for a 50% fall in the US stock market.

Give me a break, mystical all knowing all seeing wizard. Tell me how you justify under 15000 on the Dow? Talk to me in fundamental language of what that means for earnings, not just charting drivel. If you only ever bought when the chart was going up you're the definition of a lemming. If you're smarter than the entire market in seeing this last index rally was a pump, what are you shorting?

I think people are missing the wood for the trees. These businesses have all been around for decades (Wynnstay 100 years, Carrs 200 years), they are regional monopolies. Tell me the last time Wynnstay made an operating loss. The low margin is because they do a lot of spread trading activity on feeds! Worst case outcome, liquidation value is way way north of here so the safety barrier is huge and that is why you have activists like DBAY come in. He/She said it. make the dividend adjustment. They have paid over 130 pence in dividends. Wynnstay is in a 16 year overall UPtrend

[value hound] 21/6/2020 08:10

StudentInvestor13 I hope you're right re the interim divi but the final divi was for year ended 31st October, so there would have been no justifiable reason to shelve it - though that hasn't stopped a few others! :-/

[buywell3] 21/6/2020 03:31

666 Advocate and realist replies


Just noted ·
May CARR Payment of interim dividend deferred until full effects of COVID-19 become clear

About 9 weeks ago CARR said:
UK Agriculture

The sustained mild winter and ongoing market pressures have resulted in total compound feed volumes declining by 10% against the previous year. This reduction is in line with the decline seen nationally, which has placed margins under pressure. Volumes in our fuel distribution business were less impacted and were down 6% on last year.

Now some have posted about thin margins --- buywell thinks the divi here will get shelved same as CARR

How much will that hurt the Share Price ?


The Chart tells it like it is ----- WYN has been downtrending for 3 years

Any Investor that does not heed charts is one that could lose their cash

Covid-19 is now surging once again in the USA , and is kicking off after lockdowns have been relased/relaxed in Turkey , Australia and Saudi Arabia.

Global numbers on current trajectory should DOUBLE from the present number and hit 20M cases by end of the first week of Sept 2020.

This is why Institutions and bigger holders have been selling stocks IMO as they have belatedly woken up and smelt the coffee

Brown and Shipley earlier than some

IMO the next leg down will be bigger than the last because of FED actions taking the markets into an artificial position on pumped in cash .

DOW to go under 15,000 is buywells' call

Careful IMO boldness is asking for a fall

[studentinvestor13] 20/6/2020 23:55

They wont shelve the dividend because it is easily covered by earnings and the balance sheet is strong and the dividend is not expensive. When all others were canning dividends, WYN came out and said they will absolutely pay their final dividend. Dont forget the dividend is an important source of income for many of their farmer shareholders. WYN is worth >£4 /share I agree there

Buywell is coming across as extremely pretentious. Telling us that we don't know what COVID is because we don't consider the macro. Telling us that nobody can predict covid but the market is going to crash because the fed is pumping hot air. Calling us "oldies" because we like dividends. Idiotic post and anyone who talks about themselves in the third person is not worth listening to.

[value hound] 20/6/2020 23:46

Obviously they'll shelve the divi and obviously trading won't have been great of late- hence the price.

The value is all about the balance sheet and any return to longer term norms and on that basis, it's worth >£4 / share.

[3800] 19/6/2020 21:54

Well I hope they don't know something I don't as I've bought 40,000 this week.
3800

[pireric] 19/6/2020 18:06

I'm pretty sure it is Brown Shipley selling out the remainder of their holding (as they are doing at ZYT). They are below 3% now though (last at 2.8%) so are no longer required to provide further holdings RNS'

I have been tracking the large round number sells since their last holdings RNS around 2 weeks ago. As of yesterday's close, I've estimated they've sold around 58% of their remaining holding (so 42% to go or around 225k shares). That has probably reduced to <200k today. If my guess is right, then they'll likely clear next week especially given we have results at the same time

Eric

[itsnotmeitsy0u] 19/6/2020 16:22

incredible buying - yet no effect on the sp

[asagi] 19/6/2020 08:09

I have been reliably informed that results will be June 24th.

Asagi (long WYN)

[elsa7878] 18/6/2020 22:20

Can't find any info on when next week...

[muffster] 18/6/2020 06:50

Hi Cjohn, Where do you get a list of ben Graham net nets?

[muffster] 18/6/2020 06:50

Hi Cjohn, Where do you get a list of ben Graham net nets?

[muffster] 18/6/2020 06:33

Hi Cjohn, Where do you get a list of ben Graham net nets?

[studentinvestor13] 15/6/2020 21:50

Favourable article late this afternoon may help tomorrow

hxxps://www.stockopedia.com/content/three-quality-dividend-stocks-for-income-seekers-621758/

[studentinvestor13] 15/6/2020 14:57

Thanks games. Farmgates a bit stronger yoy

[games] 15/6/2020 14:09

Input/output.

[cjohn] 12/6/2020 11:08

I've picked up some more here. I didn't expect to get a second shot at these at such a lowly price.

Obvious serious downside backing, as they're trading at less than two-thirds book, and have net cash.


(But from a value nerd point of view, not a Ben Graham net-net.)

PS I really appreciate the excellent postings on this board.