Wynnstay Group
SPECULATIVE BUYAgricultural supply business Wynnstay, which moved from OFEX to AIM with a £1.5m placing in May, has waded in with strong maiden interims to 30 April, its first results as a 'quoted' play. In the seasonally stronger first half, pre-tax profits rose from £1m to £1.8m on a 30% sales hike to £58.5m, as good performances were struck across the three core divisions - feeds, arable and stores. Interestingly, Wynnstay's broad business mix of related businesses is its key strength. For instance, the higher grain prices seen throughout the half hindered margins in the feeds division, yet helped the grain trading and arable businesses. Within the feeds division, Wynnstay has invested in its flagship plant in Powys, which will help widen the product range. In the arable division, first-half fertiliser sales were excellent and the group's share of the national market continues to grow. Its stores also had a sterling half, beating sales and profit budgets. EFA, the farmers' co-op acquired last August, contributed £7.7m to the top line. Net assets are now strong at £19.3m (£13.5m). Speculative buy.
Market cap: £16.3m
PE Forecast: n/a
Share price: 188p
Beat the market
1. View our terms and conditions here
Advertisement
Forward Thinking Communications
FWD is a strategic communications agency specialising in corporate & financial services in the UK, across Europe and into Asia. We understand financial markets inside out. We know who you want to talk to. And we know the type of messages they want to hear. Find out more.
The latest company webcasts
Live and pre recorded video & audio updates from companies on their latest news, results & AGMs through interviews and presentations. Find out more.
Achieve impressive returns on the go
Gain instant access to some of the best-performing and fastest growing companies in the small cap arena. Sign up NOW!
Cash Shells 2013
This research provides a comprehensive overview of cash shells, companies that have become a significant feature on the Main Market, AIM and PLUS landscape. The full report (out June 2013) is now available to pre-order in PDF format for £295 (+VAT). Contact us for more info
M&A on AIM 2012
This new report examines valuation metrics, cash balances and financial performance to provide dealmakers with all the tools they need to pinpoint undervalued companies on AIM. The full report is available to order in PDF format for £295 (+VAT). Order report here
Coverage and tips for AIM and Small Caps
Informative features and research on fast-growing companies, with AIM market and small cap tips, news on growth stocks, penny shares and junior stock market companies. Regular share recommendations, directors' dealings, company news and analysis, new issues and upcoming IPOs.
If you're interested in business tax updates visit our specialist tax guide website.
Share recommendations and small-cap stock picks
Small-cap and growth company share recommendations on AIM- and PLUS-listed companies. Latest analysts' stock tips and advice on which are the best shares to buy on London's junior stock markets.
Popular Recommendations
Advertisement
Latest Recommendations
FirstGroup 20/05/2013
An early set of results spell trouble for this transport operator.
Ocado 17/05/2013
The announcement of a 25 year deal breathes new life into this online outfit.
Euromoney Institutional Investor 16/05/2013
This media company has performed solidly of late.
