Wynnstay Share Discussion Threads

[diogenesj] 02/12/2004 15:32

Possibly a large order that hasn't been reported yet?

[currypasty] 02/12/2004 15:30

up 10p now, and only 1 trade of 1k showing... some news in the pipeline ?

[currypasty] 02/12/2004 09:13

SP is looking to take out septembers peak... up another 5p today

[chrisg] 26/11/2004 09:04

Just for the record, I did a huge amount of homework last night, but decided that although this is clearly a very well run company which will obviously do well, there were one or two areas of pure personal preference which have made me decide not to invest at this time.

I know only too well that investment should be a hard financial decision devoid of personal emotion, but, hey, I'm human.... But thanks, Diogenes, for pointing me in this direction.

I won't say "good luck to all holders" as luck won't come into it. You will do well. I shall probably look back in six months time and rue the day I made this post!

[gateside] 25/11/2004 21:43

CURRYPASTY/DiogenesJ I already hold a fair few... so PLEASE ramp away!!!!!

[currypasty] 25/11/2004 21:21

give em till 10 am...lol

[diogenesj] 25/11/2004 20:57

OK you two, you've got 24 hours before the serious ramping starts. :-)

[gateside] 25/11/2004 19:51

B*gger! Had been planning on topping up tomorrow.

Already hold a fair amount amount, so suppose I must not be greedy.

Still very good value, and will still top up.

[chrisg] 25/11/2004 18:50

Hey, hang on guys! I'm not in yet....

Lets keep it quiet just a little longer. Been out at a client all day. Please??!

:-)

[diogenesj] 25/11/2004 16:27

After the astonishing rise in Carr's Milling, could be that people will begin to see the value lurking in this obscure corner of the market. :-)

[currypasty] 25/11/2004 16:05

creeping back up again, 230 - 245

[gateside] 19/11/2004 09:14

Guys I mentioned a while back that they were developing a new website. Well it is now up and running, must say it is a vast improvement.

[gateside] 19/11/2004 09:11

Tick up in the OFFER yesterday. Also we seem to have a few more buys around over recent days.

[currypasty] 05/11/2004 08:01

youve been negative the whole time its been listed, and has risen 21% since then...

[gateside] 29/10/2004 11:58

From armshare.com

Wynnstay Group, which used to be Wynnstay & Clwyd, is a Welsh and Welsh Border Counties-based company which manufactures and sells ruminant feed, distributes fertiliser and related products, and owns a rural retail chain. The company has in recent years faced the familiar litany of UK agri-business horrors, emanating firstly from the beef export ban; then the strength of the green pound which dampened the activity levels of its customers; and to complete the witches' brew, foot-and-mouth disease.

But in May 2004, the company, which had been an OFEX stalwart, moved to AIM raising £1.5 million at 190p per share in the process.

Good corporate husbandry has unflinchingly demonstrated the ability steadily to advance in the teeth of problems. Other characteristics of the group are the ability carefully to price and successfully to integrate bolt-on acquisitions; and a willingness to enter into co-operative structures. So it was then that at the time of the change of markets, in addition to the three trading divisions, there were joint ventures and associate companies engaged in activities as diverse as the developing group sites for own use or for investment or sale, the manufacture and distribution of equine and pet foods, the distribution of fuel oils and the production of cut flowers and pot plants for major multiple retailers and garden centres.

The earnings record is excellent marred by the fact that in 2003 - of all years - a £600,000 bad debt struck hard. The dividend policy is progressive. An impressive ability to generate its own funds has always been the cornerstone, and the £1.5 million injection will serve to eliminate trifling borrowings and give plenty of room to manouvre. Eifionydd Farmers, a recent acquisition which added to the already considerable retail stores' base has yet to help punch its full weight, but if past experience is anything to go by, will do so in the year to October 2004, a campaign going well by all accounts.

At a time when the plight of the rural economy commands many column inches in the national press, Wynnstay is an example of what an unflustered board which knows its business can achieve by way of market penetration. The depressed 2003 earnings figure may be bounced into history by the time of the next report. There may be strength in depth in the property assets, and the post-flotation market capitalisation of £18 million was already pretty well matched by tangible assets. To top things off, the stores business - and there are 24 of them - in addition to the catering for the specialised customer profile, represents the prime outlet for a growing range of branded petfoods, and in addition is engaged in the supply of animal pharmaceuticals.

For the record, the April 2004 half-year figures in respect of earnings per share, the good half of a strongly seasonal business it must be said, weighed in at 11p on a fully-diluted basis against a comparable full-year figure of 14p.

Research Standing
Wynnstay's next hurdle is the gradual changes in the CAP which will start to draw farmers into yet another set of circumstances, for good or ill. But the group has cleared past obstacles in considerable style, and it would be a surprise and disappointment both, if it were not to continue to do so.

[8 ball] 27/10/2004 23:19

Thanks for that, lucy for us Wynnstay do not operate a pension...

[mw8156] 27/10/2004 17:14

was around 4m last year

[8 ball] 26/10/2004 20:32

MW8156

What is the NWF pension deficit ?

[mw8156] 26/10/2004 19:26

Perhaps the Eifionydd acquisition was rather expensive and perhaps NWF has a better position in fuel and distribution though fewer assets and a bad pension deficit. Overall, NWF may be a better structured business?

[gateside] 26/10/2004 15:38

This has begun to drift when compared to NWF... As far as i can see that is simply due to lack of newsflow. So when we do get news there is the chance for plenty of upside in the share price.

[gateside] 25/10/2004 09:18

I contacted the company and they informed me that there will not be a Trading Update, this side of Christmas. They will be announcing Full Year Results in January 2005. This means that while we are waiting for news, there is a good chance this could drift lower, allowing an excellent chance to purchase at a very good price.