Wynnstay (WYN)

Wynnstay WYN Logo

A supplier of products and services to the agricultural industry and the rural economy.

Wynnstay (WYN) – 484.9p – £92.7m – PER 14.2

Final Results For The 12 Months To End October 2017 – Revenue from continuing operations up by 10.5% to £390.72m (2016 restated: £353.73m), Underlying PBT from continuing operations up 9.2% to £7.97m (2016 restated: £7.30m) – Restated due to the impact of Just for Pets Limited (went into administration in October 2017). Net Cash of £4.51m, total Dividend for the year is up 5%. New financial year has started in line with management expectations.

I just don’t get any sense of confidence here and I’m going to sit on the side-lines for now.

22-Nov-2018 – 402.5p – £79.6m – PER 10.7

Trading Update For The 12 Months To End October 2018 – FY PBT an EPS to be ahead of current market forecasts. Outlook remains positive.

Probably some value here, I am Neutral but will keep an eye out for actual results and potential upgrades.

26-Mar-2019 – 335p – £66m – PER 9.1

Trading Update – Expects H1 to be substantially behind last year and FY is expected to be substantially below market expectations – Brexit, weather, margin pressures, etc.

I will be remaining on the sidelines here for now.

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