Wynnstay Group (WYN)

Sector:

Food

Index:

FTSE AIM All-Share

355.00p
   
  • Change Today:
    -12.50p
  • 52 Week High: 507.00p
  • 52 Week Low: 325.00p
  • Currency: UK Pounds
  • Shares Issued: 22.99m
  • Volume: 52,674
  • Market Cap: £81.60m
  • RiskGrade: 162

Wynnstay shareholders told of 'encouraging' start to year

By Josh White

Date: Tuesday 20 Mar 2018

LONDON (ShareCast) - (ShareCast News) - Investors in agricultural and retail group Wynnstay were told of how trading in the first four months of the year has been "encouraging" on Tuesday, as they gathered for the company's annual general meeting.
The AIM-traded firm reportedly saw increased demand for most products, which the board said reflected the general improvement in output prices and farmer sentiment - especially among dairy farmers - which came 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," said Wynnstay chief executive Ken Greetham.

"Sales of fertiliser have started to increase after tempered autumn demand, and we expect a busy trading period ahead of the spring market."

Greetham said Wynnstay's specialist fertiliser production facility at Montrose in Scotland, which was acquired in November, would 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 Wynnstay;s agricultural stores business, like-for-like sales in the first four months of the new financial year were higher year-on-year, Greetham said, adding that the board was "optimistic" that the trend would 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."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Wynnstay Group Market Data

Currency UK Pounds
Share Price 355.00p
Change Today -12.50p
% Change -3.40 %
52 Week High 507.00p
52 Week Low 325.00p
Volume 52,674
Shares Issued 22.99m
Market Cap £81.60m
RiskGrade 162

Wynnstay Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
91.80% above the market average91.80% above the market average91.80% above the market average91.80% above the market average91.80% above the market average
68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average68.00% above the sector average
Price Trend
49.6% below the market average49.6% below the market average49.6% below the market average49.6% below the market average49.6% below the market average
85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average85.71% below the sector average
Income
59.90% above the market average59.90% above the market average59.90% above the market average59.90% above the market average59.90% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Growth
33.81% below the market average33.81% below the market average33.81% below the market average33.81% below the market average33.81% below the market average
12% below the sector average12% below the sector average12% below the sector average12% below the sector average12% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
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Wynnstay Group Dividends

  Latest Previous
  Final Interim
Ex-Div 28-Mar-24 28-Sep-23
Paid 30-Apr-24 31-Oct-23
Amount 11.75p 5.50p

Trades for 28-Mar-2024

Time Volume / Share Price
16:13 16,197 @ 352.00p
16:25 6,500 @ 357.00p
16:25 850 @ 355.00p
16:03 1,193 @ 352.00p
15:32 278 @ 357.00p

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