Big acquisition premium | Agricultural challenges | Suspensions
News covered in our free update here includes results from a well-established supplier of agricultural products, which has a long track record of dividend growth. Elsewhere, shareholders in one small company have something to ponder following an acquisition approach at a big premium to the share price beforehand. Read on here for this and other news. (Free to read)
Wynnstay: ups and downs of agriculture Wynnstay Group (AIM:WYN), the leading supplier of agricultural products and services, reported results for the six months ending 30 April 2023. This business is one of small margins on large revenues, so won’t be to everyone’s investing taste, but it has proven itself over a long period. We covered it's previous full year results here. Revenue for the 6 months rose 22% to £409.14m with commodity price inflation accounting for an estimated £48m of the rise and acquisitions also contributing. Adjusted operating profit was 44% lower at £5.78m (margin 1.4%), with the comparable period benefiting…