NWF Group (NWF)

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FTSE AIM All-Share

 201.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 205.00
  • 52 Week Low: 120.00
  • Currency: UK Pounds
  • Shares Issued: 48.73m
  • Volume: 6,703
  • Market Cap: £97.95m
  • RiskGrade: 267

Sunday share tips: Non-Standard Finance, NWF

By Digital Look

Date: Sunday 27 Aug 2017

LONDON (ShareCast) - (ShareCast News) - Buy Non-Standard Finance shares was the suggestion from the Sunday Times' Inside the City column. While larger rival Provident Financial is under a very dark cloud, the fellow doorstep lender is making hay.
Provident lost around two thirds of its value last Tuesday when its boss fell on his sword after a profit warning over problems with its own doorstep debt collections and a probe into possible misselling at its banking arm. Former Provident boss John van Kuffeler is the founder and chairman of Non-Standard, which is the third biggest player in the sector after being floated on the full list in 2015 with a buy-and-build strategy.

Van Kuffeler has snapped up more than 350 debt collectors from its larger rival and is eyeing many more. Non-Standard's three divisions are its Loans At Home home credit unit; the Everyday Loans unsecured branch-based and guarantor lending arm; and a sub-prime banking arm under the TrustTwo and George Banco brands.

In the first half of the year, sales climbed 16%, profits by 26% and the dividend by 67%. The "beauty" of NSF, the column says, is that unlike Provident's misstep into full-time, iPad wielding debt collectors, NSF is sticking with a tried and tested business model of door-to-door lending - and analysts claim the Financial Conduct Authority is "perfectly comfortable" with NSF's business plan.

NWF shares were a buy for Midas in the Mail on Sunday, looking for the three-legged former farmers' co-operative to benefit from a better milk market, possible deals and growth in profits and dividends. NWF's three businesses are the provision of animal feed primarily for dairy cattle; fuel distribution for businesses and rural homes; and logistics of grocery products. The feeds business supplies feed for close to 5,000 dairy farms, with the company's approach including nutritionists visiting farms to create dietary programmes for herds or even individual cows to maximise milk quality, which is especially important in the UK as pressure from supermarkets drives down prices makes the market extremely tough.

The Cheshire-based Boughey logistics and warehouse business specialises in canned and other long-life foods, with customers including Nando's causes, Typhoo tea and Napolina tomatoes. The business keeps goods on site and distributes them en masse so that supermarket clients including Tesco, Aldi, Lidl and Sainsbury's receive fully-packed lorry loads rather than taking in products piecemeal, improving efficiency, while also adding services such as packaging goods for offers such as buy-one, get-one-free. The fuel division supplies more than 100m gallons of heating oil around the country, mostly to industrial businesses, as well as schools, hospitals and farms, and around 25% residential. Profit growth lagged behind revenues due to a tough milk market in the first half but amid a recovery analysts forecast profits of £8.8m and a dividend of 6.3p in 2018.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

NWF Group Market Data

Currency UK Pounds
Share Price 201.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 205.00
52 Week Low 120.00
Volume 6,703
Shares Issued 48.73m
Market Cap £97.95m
RiskGrade 267

NWF Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.78% above the market average56.78% above the market average56.78% above the market average56.78% above the market average56.78% above the market average
48.62% above the sector average48.62% above the sector average48.62% above the sector average48.62% above the sector average48.62% above the sector average
Price Trend
80.02% above the market average80.02% above the market average80.02% above the market average80.02% above the market average80.02% above the market average
78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average
Income
19.76% above the market average19.76% above the market average19.76% above the market average19.76% above the market average19.76% above the market average
22.50% above the sector average22.50% above the sector average22.50% above the sector average22.50% above the sector average22.50% above the sector average
Growth
4.44% below the market average4.44% below the market average4.44% below the market average4.44% below the market average4.44% below the market average
14.81% below the sector average14.81% below the sector average14.81% below the sector average14.81% below the sector average14.81% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

NWF Group Dividends

  Latest Previous
  Interim Final
Ex-Div 19-Mar-20 31-Oct-19
Paid 06-May-20 05-Dec-19
Amount 1.00p 5.60p

Trades for 29-May-2020

Time Volume / Share Price
16:15 731 @ 204.95p
14:07 349 @ 204.95p
14:06 70 @ 197.10p
14:05 8 @ 197.08p
10:15 1,500 @ 196.95p

NWF Group Key Personnel

CEO Richard Anthony Whiting
Chair Philip Acton

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