Wynnstay Share Discussion Threads

[wad collector] 08/12/2023 18:22

Today's apparent 37p drop at the close is misleading, it was a single UT.

[petersinthemarket] 30/11/2023 21:22

1tx -NWF group sell various foodstuffs and fuel, just like WYN.
Why do you think WYN is unique?

[gopher] 30/11/2023 16:45

Agree 1TX.Best to regard the company as an income and growth stock in a diversified portfolio; they have a consistent record of dividend growth as you say. I see share price fair value equating to a Dividend yield in the range 3.5% to 4% (current year) but cyclical like the sector so 500p top and presently decent value at 380.

[petersinthemarket] 30/11/2023 16:12

''Pure'' - they also sell coal!

[1tx] 30/11/2023 15:52

WYN is the only listed pure agricultural supply feedstuff,fertiliser & seed merchant.CARR now only has animal husbandry products alongside its engineering business and only about a third of NWF is now agriculture based.It is totally dependant on the immediate prospects,particularly weather conditions in UK farming.See the explanation in accounts as to why demand and hence profits are down.
Conversely last year it made massive one off profits from the huge increase in fertiliser prices.
I have been a shareholder in WYN since it listed around 20 years ago;it was previously largely customer owned,historically it was a farmers coop & still has a large farmer ownership but over the last two decades the business has grown hugely in size,net assets and quality and has increased its dividend each year.You have to remember if you are a shareholder that in farming there can be events from time to time that can have a huge impact on profits up or down that are outside its control.

[1knocker] 30/11/2023 09:56

Carrs is having a torrid time at present too.

Difficult even to guess at prices here. A few years ago I bought at 259 (which seemed ridiculously low), sold out a couple of years later at 621 (which seemed ridiculously high), and bought back half at 535 (which seemed about reasonable). Since then the price has continued to fall !!

I have been waiting to buy back the other half. I was very tempted at 450 and only held off because I used the accumulated cash to top up a holding which seemed even cheaper. Now I am very tempted again, but holding off has served we well so far, and there seems to be no real logic to how far Wyn can rise or fall. Could we get back close to 300?

[value hound] 30/11/2023 09:13

Personally, I was hoping for a slightly bigger fall to beat my recent best buy back in price of 360p; close but not quite. I think longer-term fair value is much higher.

[whackford] 30/11/2023 08:55

Wad, I think the optimistic outlook is for FY24 not FY23.

[wad collector] 30/11/2023 08:11

Ouch, the TU is full of words like cautious, difficult and the weather. All the recent share price rise disappearing, looks like heading to a 2 yr low. Better wait for spring. At least the FY prediction is up.

[dan_the_epic] 21/11/2023 10:48

Nice move on up. I stand by that this should be £5

[davebowler] 08/11/2023 16:24

NWF recovering nicely today.

[dan_the_epic] 30/10/2023 09:02

Support found at 350p? This should be a £5 stock IMO

[dan_the_epic] 25/10/2023 20:14

after scs takeover

Dan_the_Epic24 Oct '23 - 07:47 - 902 of 922
0 2 0

The main two am researching which are all profitable even in a bad environment but are below value

-> Wynnstay group £112m of tangible assets compared to £80M markcap.
-> Headlam group, £260m of tangible assets post freeholds compared to £155M markcap.

I also like the housebuilders here but not the same argument on P/B

[wad collector] 29/9/2023 20:15

On Wynnstay's own Financial Calendar: hxxps://www.wynnstayplc.co.uk/investor-relations/financial-calendar-and-events/

Announcement of Half Year Results
29 September 2023


Ah no I see the error now , confusingly they have not separated the lines, the next one is ;

29 September 2023
Provisional Interim Dividend Record Date

So my misreading, it went Xd yesterday. 5.5p

[whackford] 19/9/2023 16:36

Wad collector - what's happening on the 29 September? Half-year results were on 3 July.

[wad collector] 19/9/2023 14:36

Half year results on the 29th. Won't be holding my breath.

[value hound] 15/9/2023 09:17

I bought a few back here at a little over £4. It's been good to value hunters over the last few years and I think the fall looks overdone FWIW.

Obviously, it's not very exciting, and they may come out with a trading update any day now which could explain the fall - but it still looks to be worth around half as much again given the balance sheet strength IMO.

[0rb1t] 23/8/2023 10:51

The new CFO couldnt have a better CV

[redartbmud] 18/8/2023 13:01

wad

Don't fall in!!

I premarurely added a few to my portfolio holding yesterday at £4.25
It looks like there is a seller around. I will live with the depressed price for the time being.

red

[wad collector] 18/8/2023 12:55

Yes I think you are right, today's drop now looks more in line with the poor performance of the rest of my holdings!
I have lived through a few market dips and my strategy is to try to stop checking and go and do something else for a few months, but the whole price checking thing is a bit of an addiction. 30 years ago I would be scrolling through TELETEXT. Time to go and rod the septic tank....

[jeffian] 18/8/2023 09:56

I think it's market-wide, isn't it?!

[wad collector] 18/8/2023 09:16

Hmm that is another substantial drop this morning , I am wondering if this is sector wide or something specific?

[wad collector] 16/8/2023 16:41

That was a substantial drop today , down another 25p to close near a 2 yr low. May be a safe bet in the long run but not an encouraging short term pattern.

[tomps2] 13/7/2023 08:52

Wynnstay Group (WYN) Interim results presentation - July 23

Wynnstay CEO, Gareth Davies, and Finance Director, Paul Roberts present interim results for the six months ended 30 April 2023, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

[poggy120] 07/7/2023 23:51

A bit of over exuberance took WYN over 600. Happily, I sold out at 621. Not so happily, I was far too early when I bought back half at 520. Its a well run company though, and I still look to buy back the remaining half to bring my holding back to its previous level if the price goes down to the 380 - 400 region. I would buy a lot more if it got back to my initial buying price of 263 !! In this crazy market, who knows?