Wynnstay Share Discussion Threads

[chrisb1103] 05/2/2021 18:59

Great move up this week :)

[spob] 05/2/2021 09:12

Sold the lot 440p

may buy back later

see how it goes


Thankyou Simon

[jaf111] 04/2/2021 21:46

Thanks value
As in previous years an interesting list that will cause much debate!

[value hound] 04/2/2021 21:43

Canadian General Investments CGI
Vietnam Holding VNH
Arix Bioscience ARIX
Springfield Properties SPR
Anexo ANX
San Leon Energy SLE
Ramsdens Holdings RFX
Duke Royalty DUKE
Downing Strategic Micro-Cap Investment Trust DSM

[jaf111] 04/2/2021 21:39

Can you advise what else was in the portfolio?
Cheers

[value hound] 04/2/2021 17:29

Tipped in the IC's Simon Thompson's Bargain Portfolio for 2021.

[topvest] 03/2/2021 09:45

I've doubled up my holding. Its a really boring share, if you call a 17 year dividend growth record boring, but definitely on the up after a difficult period.

[thorpematt] 01/2/2021 10:53

elsa
There have been times in the recent past when WYN has traded on some much higher PERs.

There are signs here that the marketplace for WYNs products is now entering a more certain phase wher higher investment and growth is likely.


WYN itself is in the process of completing some changes which should yield better growth that it has seen in the last 5 years, writes a more positive narative about its own prospects.

I always belive that high PERs are applicable for high growth stock. Conversely low ones for low growth is apropriate. Recently WYNs low PER was aproriate. Back in 2016 it peaked at 23 (ish). f PER is now 11

The FTSE PER sits at over 16. WYN is paying above 4% on its divi and unlike most listed stock has no debt.

If it can return to sold growth then with its resilience, quality and yield it could easily warrant a PER in that is above the FTSE avereage.

In 2017 this stock was worth over £6 a share and now even with Brexit done and dusted and all metrics around 25% higher, it's apparently worth >£4

Taking a look at the 3rd chart in our header here, there's a way to go here IMO.

[3800] 31/1/2021 20:45

,,,,,,,,,,,,,,,,,,,,,,,,,,,,2021,,,,,, 2022
EPS,,,,,,,,,,,,,,,,,,,,,,34p,,,,,,, 35p
Dividend per Share,,,,,, 15p,,,,,, 16p
Last updated 1/28/2021 01/28/2021
sorry about the formatting

[topvest] 30/1/2021 13:33

Nice to see DBAY unload - good riddance as not the sort of shareholder that anyone needs!

[jolomo] 28/1/2021 09:33

Thought these results were very decent considering backdrop. New management certainly starting to make their mark. Anyone seen new broker forecasts?

[kaos3] 27/1/2021 17:55

14 millions of goodwill is a lot - for farmers trading business - what would that be ?? TIA

[chrisb1103] 27/1/2021 17:03

Ditto :)

Steady as she goes - increased divi, share price ticking up. All +ve. Still big discount to NAV per share £4.92 - maybe someone will buy us out?

[kirmich] 27/1/2021 13:09

funny that people actually sold this morning, 2020 bad year for agriculture and covid and they come up with practically the same results as last year, increasing dividends, talking quite bullish regarding the current year. great job

very happy with my position here

[kaos3] 27/1/2021 10:03

"we have created new senior management roles. These cover Group Operations and Feeds, Arable including GrainLink, and Sales and Marketing..."

usually does not bode well, here it is different

[eezymunny] 27/1/2021 09:30

How can you be disappointed if you didn't know what expectations were?

LOL

[whackford] 27/1/2021 09:10

Eezy, clearly some investors are a little disappointed judging by share price

I think the RNS listed above (my post 537) built up expectations. I do not know what "current market forecasts" were at the time.

The EPS is significantly down on last year.

Let's leave it there.

[eezymunny] 27/1/2021 09:10

Broker update today based on 365p share price...

Wynnstay trades on an attractive FY2021F PER of 10.8x, EV/EBITDA ratio of 4.4x, FCF yield of 6.3% and a dividend yield of 4.2%

Dull as dish-water as I say...

[kaos3] 27/1/2021 09:02

a very good Co. will buy in - but will wait for 2 above charts - RSI to go down and for the gap to close. it will happen imho

[eezymunny] 27/1/2021 08:58

You haven't said what you find disappointing, Whackford?! The numbers were in-line with those increased forecasts and this year off to a good start with better planting season etc.

If you want excitement you're in the wrong place :)

[whackford] 27/1/2021 08:55

Eezy, as I said "Overall trading since June, when the Group reported interim results, has been stronger than anticipated, especially in September and October. This is across both the Agriculture and Specialist Agricultural Merchanting Divisions. As a result, the Board now expects that underlying Group pre-tax profit* for FY 2020 will be significantly ahead of current market forecasts." from 18 November.

I'm not complaining, but the share price tells you what some investors think.

[brucie5] 27/1/2021 08:48

Gloriously dull - that's a nice phrase.
The chart though, is far from it.
And it scores in the mid 90s on Stocko for quality, momentum and value.
A rare combo.

[eezymunny] 27/1/2021 08:45

What did you find disappointing whackford? It is, after all, the most boring company imaginable :)

Gloriously dull results from a gloriously dull company IMO. Still extraordinarily cheap in a world of zero interest rates and funny munny IMO.

[whackford] 27/1/2021 08:19

I thought they were a bit disappointing after the RNS of last November (or whenever it was) giving an "above expectations forecast".