24 March 2020 – AGM statement

Trading in the first four months of the new financial year was subdued.  However, this was anticipated and it was broadly in line with management expectations. This reflected generally lower farmgate prices, severe wet weather that limited sowing activities and continued farmer cautiousness.  The situation regarding Covid-19 and the financial impact of this on the business is difficult to predict.  Wynnstay Group has a strong balance sheet, substantial headroom in banking facilities and broad spread of activities.  These factors should help in a very challenging time.  It has also been confirmed that the final dividend for the financial year ended 31 October 2019 is 9.40p per share.  We rate the shares as a BUY.