On the up? | Ahead of guidance | Tough business
News covered here includes our review of the latest results from a music and audio products which has been struggling since experiencing a boom over the pandemic. Having made significant investments in new technology and products over recent years, the future looks more promising and with the shares still languishing we wonder if predators aren’t lurking. Elsewhere, a supplier of agricultural products has a tough job generating a meaningful return from its assets while a component supplier’s exposure to the defence sector means the outlook is positive. Read on here for our thoughts on this and other news.
Wynnstay: not an easy business Wynnstay Group (AIM:WYN), the supplier of agricultural products and services, reported in-line half year results. It’s certainly tough to make consistent returns operating in the UK farming sector. The Group segments its activities Feed & Grain, Arable and Stores activities. Feed & Grain manufactures compound and blended feeds for dairy, beef, sheep and poultry enterprises, supplies feed raw materials and delivers its crop trading and crop marketing services through the unified GrainLink platform. Arable supplies blended and straight fertiliser, a broad range of agricultural and environmental seed, and operates one of the UK's leading seed…