| This one is starting to look attractive on a forward P/E ...
The last 12 months has been awful weather wise with a prolonged 'wet season' last year and the coldest start to April on record. Is it time to buy this on weather abnormalities as longer term the business model is sound.
Sure getting tempted at these levels for a reasonable income share to diversify the portfolio. By Misty Creamybib
|14:28 10/01/2013||the 1.22 BUY looks a good point|
| to enter the fray.
However only got 25% of what i was hoping for and now its gone potty!
Tiger By CASTLEFORD TIGER
|16:04 05/01/2012||Re: Growth Company-Profits growth|
| Excellent set of results imho
mim By mimbrit
|22:22 04/01/2012||Growth Company-Profits growth|
| William Sinclair
http://bit.ly/zUklav By SpikeyDT
| Small Cap Wrap:
Tuesday, Nov 15 2011 by Hybridan
William Sinclair (LON:SNCL) (SNCL 149.5p/£25.45m)
The Company announced the acquisition of the assets and business of Yorkshire Horticultural Supplies (YHS), a compost manufacturer located near Doncaster. The acquisition is being made by William Sinclairs specialist solids subsidiary, Freeland Horticulture Limited, and represents an important strategic vertical integration by the Company into composting. The acquistion marks the begining of a commitment by William Sinclair to increase production of its peat free products. The YHS site currently processes 40,000 tonnes of park and garden waste per annum, most of which is turned into green compost.In addition to this valuable material, 10-15 per cent of the waste remains as a by-product called oversize which is currently a liability for YHS but will provide raw material fro Freelands SuperFyba production. Freeland has developed a unique technology that can process oversized produce SuperFyba, one of the best peat alternatives in the UK for plant growing media. Approximately 3m cubic metres of peat are consumed by the UK horticulture industry each year and this peat usage could eventually be completely replaced by SuperFyba. William Sinclair is looking to invest in the acquired business and to expand the tonnage processed at the site. Freeland will tender for other local authority contracts in the region as they come up for renewal. By SpikeyDT
|6:52 02/06/2011||Growth investor-Robert Tyerman|
| Interims cheer William Sinclair
01/06/2011 Robert Tyerman
Horticultural and garden products specialist William Sinclair Holdings (SNCL) has lifted first-half pre-tax profits 295 per cent to £650,000. The AIM-quoted company increased turnover 19 per cent to £26.1 million in the six months to March, helped, says chief executive Bernard Burns, by a good spring market and £1.5 million first contributions from two autumn takeovers, costing £900,000, while efficiency improvements and tight credit controls assisted in improving profitability.
Looking ahead, Burns sees opportunities to increase market share now that some weaker players have fallen by the wayside. He is hoping an imminent White Paper on environmental policy from the Government will present a tough strategy for eliminating the use of peat, officially seen as a Co2-emitting fossil fuel, for which Sinclair has been developing substitutes, notably 'Super Fyba', made from recycled garden clippings and other waste.
Another signficant bonus could come in a fortnight, in the shape of final compensation from the Government for the company's ceasing to harvest peat itself at Bolton Fell in Cumbria. Sinclair has already received £9 million as a pre-payment.
Analysts now see the company lifting full-year pre-tax profits 28 per cent to £3.2 million, for EPS of 13.2p, for a prospective price/earnings ratio of 15 at a price of 198.5p, with a yield of 3.2 per cent. The shares have risen 14 per cent since Growth Company Investor's recommendation at 173p in February and still look good value.
Tags: AIM market, Bernard Burns, Compensation, Horticulture, Peat, White Paper
Sector: Household Goods
Companies: William Sinclair
http://www.growthcompany.co.uk/news/1627223/interims-cheer-william-sinclair.thtml By SpikeyDT
|12:39 01/06/2011||IC-Sun boost for William Sinclair|
Created: 1 June 2011 Written by: Nigel Bolitho
Recent acquisitions contributed £1.5m to the increase in William Sinclair's sales in the six months to end-March 2011. But the jump in profits was mainly due to a combination signing up more retailers - which range from B&Q to independent garden centres - and excellent results in March partly due to the dry, sunny weather. Other favourable factors included a relatively strong euro that kept Irish peat supplies at bay - while carrying more peat per lorry helped offset a 30 per cent jump in fuel costs.
Good weather since March should produce a further 12-month profits advance: after all 70 per cent of Sinclair's sales are made in March, April and May. Sorting out recent acquisitions also gives "potential for further efficiency and margin improvements". This April, the company received a £9m interim payment for the sale of Bolton Fell in Cumbria to Natural England. It covers 800 acres with peat going down to a maximum depth of around 11 metres. The total sale price may be double that but no benefit has yet to hit the consolidated income statement. Following these results, brokers have upped their forecasts for the 12 months to end-September 2011. They now expect sales of £58m (with £4.5m coming from recent acquisitions) and profits of £3.2m (in 2009-10 the comparable figures were £48m and £2.1m).
WILLIAM SINCLAIR (SNCL)
ORD PRICE: 180.5p MARKET VALUE: £30.7m
TOUCH: 177-184p 12-MONTH HIGH: 183p LOW: 104.5p
DIVIDEND YIELD: 2.9% PE RATIO: 15
NET ASSET VALUE: 106p* NET DEBT: 52%
Half-year to 31 Mar Turnover (£m) Pre-tax profit (£000) Earnings per share (p) Dividend per share (p)
2010 21.8 187 0.7 1.5
2011 26.1 647 2.7 1.8
% change +20 +246 +286 +20
Ex-div: 6 Jul
Payment: 2 Aug
Aim: Leisure equipment.
*Includes intangible assets of £2.03m, or 12p a share
Guide to the terms used in IC results tables.
More analysis of company results
More share tips and updates...
Like some retailers, Sinclair is pushing the government for legislation to reduce peat production. That may seem odd but the company claims 35 per cent of the peat-substitute market. The shares remain modestly priced and are still a buy.
Last IC view: Buy, 153p, 5 Jan 2011
|21:25 11/01/2011||growing ahead of its peers|
| Williams Sinclair (SNCL 172.25p / £28.51m)
William Sinclair announced preliminary results for the 12 months ended 30th September 2010. Results were most promising with profit before tax up by 66 per cent to £2.06m (2009: £1.24) and net debt being eliminated leaving net cash of £1.81m (2009: £7.04m). Sales revenue for the year was £48.5m, which was a 4.7 per cent increase on the year- whilst sales to the construction industry were down somewhat, a sizeable increase in sales of top soils to the Olympic sites. The Companys balance sheet also looks particularly healthy with net assets of £17m (2009: £16m) at the end of the period.
Sinclairs management are of the belief that the horticultural industry is recession resistant, and the results demonstrate somewhat that this may well be the case. When we last wrote on Sinclair we reported on the Companys acquisition of Monro Horticultural Limiteds premium decorative aggregates business. With further acquisitions sought, there is no doubt that the Company is growing ahead of its peers.
http://www.proactiveinvestors.co.uk/columns/hybridan-small-cap-wrap/4256/more-from-encore-no-sweet-music-from-hmv-and-william-sinclairs-good-growth-4256.html By alwaysresearch
|4:48 06/01/2011||HARDMAN BROKER|
| http://www.stockopedia.co.uk/research/hardman-co-monthly-january-2011-52040/ By alwaysresearch
|13:55 22/06/2010||For Peats Sake!|
| While I would not suggest chasing the shares its a 'narrow' market yesterdays announcement re Peat Free compost is interesting providing it can be produced and sold profitably.Compensation for the sale of Bolton Moor Cumbria £9m paid,more to arrive over next few years is very significant in relation to market value means the shares are probably still good value in spite of increase.The defined pension deficit although it is on the balance sheet remains a cost. By TX2
| Hello there.
Anyone know anythoing abou their assets please?
What are they?
Land, buildings etc?
D By daitwice1
|8:48 09/07/2003||Wyevale trading update good for Sinclair|
| Yesterday Wyevale (who run 124 garden centres) issued a trading update for the 6 months to end June 2003. Their total sales are up 8.6% on 2002, with like for l By AdamJ
|15:36 17/06/2003||Re: Re: Re: Low PE and High Dividend Yield Share|
| I agree its worth a lot more than the 70 pence per share I shelled out but any buyer would be more interested in the profit and cash the business can generate n By Cheesey feet
|14:31 17/06/2003||Re: Re: Low PE and High Dividend Yield Share|
| You're right to say Sinclair has had a rather chequered history of late.
However, whether or not results improve it's not hard to see someone stepping in to By AdamJ
|11:52 17/06/2003||Re: Low PE and High Dividend Yield Share|
| I bought the shares this morning mainly on the back of the high dividend yield and the fact that the broker had just updated his forecast & the next years earni By Cheesey feet