William Sinclair: helping the UK’s gardeners
There were encouraging results from AIM quoted William Sinclair Holdings, the UK's leading producer of commercial horticulture and branded garden products and owner of the J Arthur Bower’s brand, a name that will be familiar to all those gardeners out there!
The group’s customers include the large garden centre and DIY multiples such as The Garden Centre Group (formerly Wyevale), Wilkinson, Homebase and B&Q as well as an extensive range of independent garden centres. Final results for the year ending September 2009 resulted in pre-tax profit of £1.2m PBT on sales of £46.3m and earnings per share of 6.8p. The total dividend of 3.5p results in a yield of c3.8% at the current share price. Net debt of £7.0m was significant down from £8.7m at the prior year end and net assets increased to £15.9 million from £14.4 million (market capitalisation…