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William Sinclair

  • BY: Andrew Hore |
  • POSTED: 05/05/2009 |

William Sinclair has experienced strong trading in March and April and is on course for a good year in 2008-09.

Shares in the peat and plant foods supplier rose 8.5p to 81.5p a share, which values Sinclair at £13.5m.

Favourable weather and good sales over Easter helped Sinclair to make strong progress. The interim results will be published on 1 June 2009.

House broker Arbuthnot forecasts a profit of £880,000 in the year to September 2009. The shares are trading on 26 times prospective earnings. This reflects the potential compensation that could be gained for the Bolton Fell peat bog. Sinclair has turned down a £12m compensation offer.

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