We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wynnstay Group Plc | LSE:WYN | London | Ordinary Share | GB0034212331 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-10.00 | -2.72% | 357.50 | 350.00 | 365.00 | 360.00 | 357.50 | 360.00 | 21,980 | 08:19:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Farm Management Services | 735.88M | 6.93M | 0.3018 | 11.85 | 82.06M |
TIDMWYN
RNS Number : 2020I
Wynnstay Group PLC
20 March 2018
20 March 2018
AIM: WYN
Wynnstay Group plc
("Wynnstay" or the "Group")
AGM Statement
Wynnstay, the agricultural and retail group, will be holding its Annual General Meeting this morning and Ken Greetham, Chief Executive Officer, will make the following comment on current trading:
"Trading in the first four months of the new financial year has been encouraging, with increased demand for most products. This reflects the general improvement in output prices and farmer sentiment, particularly dairy farmers, after two years of very depressed pricing, often below the realistic cost of production.
"In the Agricultural Division, current feed demand is above last year's levels and we are seeing efficiency benefits from our investment at our Llansantffraid feed mill. Sales of fertiliser have started to increase after tempered autumn demand, and we expect a busy trading period ahead of the spring market. Our fertiliser production facility at Montrose in Scotland, which was acquired in November 2017, will also make a contribution to volumes. Grain volumes are improving, although margins remain under pressure, reflecting the wider UK market. Demand for spring seed is encouraging, with most orders already on the books for the season. Over the year, we plan to invest in our seed facility at Astley, supporting Wynnstay's position as the UK's third largest seed producer, as well as in our feed mills.
"In the Specialist Retail Division, comprising our agricultural stores business, like-for-like sales in the first four months of the new financial year were higher year-on-year, and we remain optimistic that this trend will continue. In November, we acquired a further outlet, M D Lloyd, located in mid-Wales, as part of the ongoing development of our network. We are also continuing to expand our other routes to market, through our Dairy and Sheep & Beef catalogues, and our sales van operation.
"There are still important seasonal trading months ahead, but we are encouraged by the Group's performance in the new financial year so far."
Enquiries:
Wynnstay Group plc Ken Greetham, Chief Today Executive T: 020 3178 Paul Roberts, Finance 6378 Director KTZ Communications Katie Tzouliadis T: 020 3178 / Irene Bermont-Penn 6378 / Emma Pearson Shore Capital (Nomad Stephane Auton / T: 020 7408 and Broker) Patrick Castle 4090
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMUKRBRWSAOAAR
(END) Dow Jones Newswires
March 20, 2018 03:00 ET (07:00 GMT)
1 Year Wynnstay Chart |
1 Month Wynnstay Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions