NWF Group (NWF)

Sector:

Support

Index:

FTSE AIM All-Share

206.00p
   
  • Change Today:
      3.00p
  • 52 Week High: 275.00
  • 52 Week Low: 173.50
  • Currency: UK Pounds
  • Shares Issued: 49.44m
  • Volume: 27,994
  • Market Cap: £101.85m
  • RiskGrade: 106

NWF trades ahead of expectations in first quarter

By Josh White

Date: Thursday 29 Sep 2022

LONDON (ShareCast) - (Sharecast News) - NWF Group said in an update on Thursday that trading in its first quarter - typically the company's quietest period - had been "strong".
The AIM-traded firm, which was holding its annual general meeting, said all three of its divisions had traded ahead of expectations and ahead of last year, as it remained cash positive.

Chair Philip Acton said that in fuels, while volumes had been lower year-on-year, the company was able to manage the continued volatility in the price of oil "very effectively" with the result that margins were higher than seasonal norms.

"Supply conditions have become more normalised over the summer period, with full availability of all fuel types across the country, although the price of Brent crude oil has continued to fluctuate, in a range between $94 and $124 per barrel.

"The board continues to pursue a number of acquisition opportunities in fuels for further expansion of the business, in line with our stated strategy."

The food division, meanwhile, had been trading ahead of expectations with storage capacity almost fully utilised and benefitting from further improvements in operating efficiencies.

"Demand from customers has been stable and predictable over the period which has supported operational efficiency, whilst storage volumes reached a peak of 129,000 pallet spaces during the period."

Finally, in the feeds division, performance had continued to show good recovery, Acton said.

"Volumes were stable in comparison to the prior year, supported by an increase in demand in August, following the dry summer. Margins have remained robust following price increases underpinned by spot commodity prices trending downwards during the period.

"With the seasonally busier winter months to come, which are the most material to the group's performance, the board's outlook for the financial year remains unchanged at this early stage of the year.

"We continue to have confidence in the group's future prospects and to target development opportunities supported by our strong balance sheet and banking facilities."

NWF said it would issue a further trading update in December, following the end of its half-year on 30 November.

At 1100 BST, shares in NWF Group were up 1.29% at 236p.

Reporting by Josh White at Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


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.

 

NWF Group Market Data

Currency UK Pounds
Share Price 206.00p
Change Today 3.00p
% Change 1.48 %
52 Week High 275.00
52 Week Low 173.50
Volume 27,994
Shares Issued 49.44m
Market Cap £101.85m
RiskGrade 106

NWF Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
71.16% above the market average71.16% above the market average71.16% above the market average71.16% above the market average71.16% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Price Trend
20.57% below the market average20.57% below the market average20.57% below the market average20.57% below the market average20.57% below the market average
12.87% below the sector average12.87% below the sector average12.87% below the sector average12.87% below the sector average12.87% below the sector average
Income
50.57% above the market average50.57% above the market average50.57% above the market average50.57% above the market average50.57% above the market average
66.15% above the sector average66.15% above the sector average66.15% above the sector average66.15% above the sector average66.15% above the sector average
Growth
32.25% above the market average32.25% above the market average32.25% above the market average32.25% above the market average32.25% above the market average
22.00% above the sector average22.00% above the sector average22.00% above the sector average22.00% above the sector average22.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

NWF Group Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Mar-24 02-Nov-23
Paid 01-May-24 08-Dec-23
Amount 1.00p 6.80p

Trades for 28-Mar-2024

Time Volume / Share Price
15:40 333 @ 210.00p
14:18 270 @ 206.00p
14:18 723 @ 203.55p
14:18 230 @ 203.55p
14:15 515 @ 206.00p

NWF Group Key Personnel

Chair Philip Acton

Top of Page