Wynnstay Properties (WSP)

Sector:

Real Estate

683.33p
   
  • Change Today:
    -6.67p
  • 52 Week High: 730.00
  • 52 Week Low: 622.50
  • Currency: UK Pounds
  • Shares Issued: 2.70m
  • Volume: 0
  • Market Cap: £18.43m
  • RiskGrade: 16

Wynnstay to appoint administrators for Just for Pets

By Michele Maatouk

Date: Thursday 14 Sep 2017

LONDON (ShareCast) - (ShareCast News) - AIM-listed Wynnstay said on Thursday that it plans to appoint administrators for its Just for Pets business following a "marked deterioration" in the trading environment.


The company, which issued a profit warning back in May on the back of weakness at Just for Pets, said changes in consumer buying behaviour, additional sources of competition and greater cost pressures have placed an increasing strain on the business, which has become loss-making.

Following a review and "extensive consideration of alternative solutions", Wynnstay has decided to give notice to its intention to appoint administrators.

For the six months to the end of April, Just for Pets generated £7m of revenues, or around 3% of the company's total revenues, and an operating loss of £0.25m.

Management expects to recognise exceptional charges relating to the write-off of net assets and associated costs.

Chief executive Ken Greetham said: "This has been an extremely difficult decision to make and we are saddened by the announcement of the notice of the intention to appoint administrators for the Just for Pets business. Having thoroughly investigated and pursued other options, it has been concluded that this was the correct path to take, both for Just for Pets and Wynnstay, given the difficult circumstances in which JfP has found itself in recent years.

"We will be working closely with advisers to ensure that Just for Pets employees, customers, suppliers and Wynnstay shareholders are best served."

At 1530 BST, the shares were up 0.5% to 510p.

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.

 

WSP Market Data

Currency UK Pounds
Share Price 683.33p
Change Today -6.67p
% Change -0.97 %
52 Week High 730.00
52 Week Low 622.50
Volume 0
Shares Issued 2.70m
Market Cap £18.43m
RiskGrade 16

WSP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
63.53% above the market average63.53% above the market average63.53% above the market average63.53% above the market average63.53% above the market average
25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average25.00% above the sector average
Price Trend
42.86% above the market average42.86% above the market average42.86% above the market average42.86% above the market average42.86% above the market average
39.53% above the sector average39.53% above the sector average39.53% above the sector average39.53% above the sector average39.53% above the sector average
Income
8.59% above the market average8.59% above the market average8.59% above the market average8.59% above the market average8.59% above the market average
3.23% above the sector average3.23% above the sector average3.23% above the sector average3.23% above the sector average3.23% above the sector average
Growth
70.64% below the market average70.64% below the market average70.64% below the market average70.64% below the market average70.64% below the market average
58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average58.97% below the sector average

WSP Dividends

  Latest Previous
  Interim Final
Ex-Div 16-Nov-23 29-Jun-23
Paid 15-Dec-23 26-Jul-23
Amount 9.50p 15.00p

Trades for --2024

Time Volume / Share Price
0 @ 0.000p

Top of Page