NWF Group (NWF)

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Index:

FTSE AIM All-Share

157.50p
   
  • Change Today:
    -3.50p
  • 52 Week High: 189.00
  • 52 Week Low: 136.50
  • Currency: UK Pounds
  • Shares Issued: 48.73m
  • Volume: 34,405
  • Market Cap: £76.76m
  • RiskGrade: 98
  • Beta: 0.04

Peel Hunt upgrades NWF, highlights attractive entry point

By Michele Maatouk

Date: Wednesday 07 Nov 2018

LONDON (ShareCast) - (Sharecast News) - Peel Hunt upped its stance on NWF Group - a specialist agricultural and distribution business delivering feed, food and fuel across the UK - to 'buy' from 'hold', retaining its 195p price target as the shares have recently slipped back to an "attractive" entry level, supported by a 3.9% yield.
The brokerage said NWF had a stellar 2018, with impressive returns in Fuels, and an average return on net assets of 53% over the past five years. It said that while there will always be some variability due to the weather, the company has demonstrated that it can successfully run depots through the cycle.

"A different approach may be required as the business expands, but the opportunity for acquisitions looks substantial," Peel Hunt said.

"Currently, the top ten players control 23% of the market, with the remaining 77% split between 150 companies. This gives NWF plenty of targets to build a pipeline of acquisitions. We would expect 1-2 per annum to start with, which could accelerate as the company delivers."

It also noted that NWF has invested in its Feeds business, with a £3m spend on its new mill in Longtown.

"The benefits are now embedded in the business and we see NWF as having an asset base that is fit for purpose. In order to proceed from here, the company will need to increase volume throughput, either organically or through acquisition. We also expect the company to look to add specialist feed businesses to broaden the product mix."

As for the Food business, Peel said it is looking more stable after a period of flux as a major customer moved on, meaning NWF had to attract new customers.

At 1610 GMT, the shares were down 0.4% to 173.30p.

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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 157.50p
Change Today -3.50p
% Change -2.17 %
52 Week High 189.00
52 Week Low 136.50
Volume 34,405
Shares Issued 48.73m
Market Cap £76.76m
Beta 0.04
RiskGrade 98

NWF Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
79.97% above the market average79.97% above the market average79.97% above the market average79.97% above the market average79.97% above the market average
85.12% above the sector average85.12% above the sector average85.12% above the sector average85.12% above the sector average85.12% above the sector average
Price Trend
25.89% below the market average25.89% below the market average25.89% below the market average25.89% below the market average25.89% below the market average
22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average22.22% below the sector average
Income
62.38% above the market average62.38% above the market average62.38% above the market average62.38% above the market average62.38% above the market average
65.12% above the sector average65.12% above the sector average65.12% above the sector average65.12% above the sector average65.12% above the sector average
Growth
21.26% below the market average21.26% below the market average21.26% below the market average21.26% below the market average21.26% below the market average
24.79% below the sector average24.79% below the sector average24.79% below the sector average24.79% below the sector average24.79% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_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
  Final Interim
Ex-Div 31-Oct-19 21-Mar-19
Paid 05-Dec-19 01-May-19
Amount 5.60p 1.00p

Trades for 14-Nov-2019

Time Volume / Share Price
15:43 33 @ 155.00p
15:25 1,008 @ 155.06p
15:24 13,000 @ 158.25p
14:32 890 @ 158.40p
14:23 3,271 @ 155.00p

NWF Group Key Personnel

CEO Richard Anthony Whiting
Finance Director Brendon Banner

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