WYNNSTAY GROUP (LON:WYN) Just for Pets attracting all the attention
The supplier of agricultural products to farmers and the rural community and specialist retailer announced that trading in the first four months of the current financial year has been encouraging. The sdhare price may have climbed off its low of c161p back in March 2009 but this 'traditional' looking business merits attention in 2010.
Within the agricultural supplies business, the animal feeds division has seen volumes recover to more normalised levels (there was a 12% like-for-like reduction in FY09) as poultry feed demand continues to grow. In the arable division, fertiliser sales have started well, with increased demand as we approach the spring period – fertilizer is everyone’s favourite at the moment! Seed sales overall have been very good although, as anticipated, they are not expected to match last year’s record level. In specialist retailing Wynnstay Country Stores enjoys a high degree of predictable income from its farmer customer base and they are continuing…