Wynnstay Group (WYN)

Sector:

Food

Index:

FTSE AIM All-Share

247.50p
   
  • Change Today:
      2.50p
  • 52 Week High: 370.00p
  • 52 Week Low: 200.00p
  • Currency: UK Pounds
  • Shares Issued: 19.90m
  • Volume: 31,298
  • Market Cap: £49.24m
  • RiskGrade: 333

Wynnstay profit hit by warm winter, Brexit uncertainty

By Michele Maatouk

Date: Wednesday 26 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Wynnstay posted a drop in first-half profit on Wednesday, pinning the blame on an unusually warm winter and caution amid Brexit uncertainty.
In the six months to 30 April 2019, pre-tax profit at the agriculture company slipped to £4.1m from £4.9m in the same period a year ago. The company said an abnormally warm winter reduced demand for feed and feed-related products and pointed to more cautious farmer spending due to lower farmgate prices and Brexit uncertainty.

Revenue rose to £260.6m during the half from £218.5m, mainly due to commodity price inflation, and the interim dividend was lifted by 4.3% to 4.60p a share.

In the agriculture division, revenue ticked up to £195.1m from £160.1m but operating profit declined to £1.8m from £2.1m amid reduced demand for feed during the traditionally peak winter months and as mild and drier weather conditions drove demand for fertiliser and grass seed.

In the specialist agricultural merchanting division, revenue rose to £65.5m from £58.3m and operating profit fell to £2.7m from £3.1m. Wynnstay said sales benefited from the expanded depot network, reflecting the previous year's acquisition, but the mild winter led to reduced bagged feed sales.

Chief executive Gareth Davies said: "The combination of abnormally warm weather, which reduced feed demand during traditionally important months, and more cautious spending patterns by farmers in reaction to a softening in farmgate prices and Brexit uncertainties, created challenges for the agricultural supplies sector. Wynnstay's results reflect this. We continued investing in our manufacturing and production plants, and have also expanded our farming customer base, strengthening our presence in the South West with an acquisition.

"Wynnstay's long-term prospects within the industry remain strong, and at this stage of the financial year, the board's expectations for the full year outcome remain unchanged."

At 0930 BST, the shares were up 1.6% at 325p.

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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 247.50p
Change Today 2.50p
% Change 1.02 %
52 Week High 370.00p
52 Week Low 200.00p
Volume 31,298
Shares Issued 19.90m
Market Cap £49.24m
RiskGrade 333

Wynnstay Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.33% above the market average89.33% above the market average89.33% above the market average89.33% above the market average89.33% above the market average
86.21% above the sector average86.21% above the sector average86.21% above the sector average86.21% above the sector average86.21% above the sector average
Price Trend
2.38% below the market average2.38% below the market average2.38% below the market average2.38% below the market average2.38% below the market average
6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average6.67% above the sector average
Income
69.09% above the market average69.09% above the market average69.09% above the market average69.09% above the market average69.09% above the market average
62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average62.50% above the sector average
Growth
56.31% below the market average56.31% below the market average56.31% below the market average56.31% below the market average56.31% below the market average
66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average66.67% below the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Wynnstay Group Dividends

  Latest Previous
  Final Interim
Ex-Div 26-Mar-20 26-Sep-19
Paid 30-Apr-20 31-Oct-19
Amount 9.40p 4.60p

Trades for 09-Apr-2020

Time Volume / Share Price
15:27 1,000 @ 246.00p
15:09 5,000 @ 250.00p
14:57 1,500 @ 247.00p
14:56 3,000 @ 249.50p
14:33 1,000 @ 247.00p

Wynnstay Group Key Personnel

Finance Director B Paul Roberts
CEO Gareth Davies

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