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William Sinclair

  • BY: Andrew Hore |
  • POSTED: 08/04/2013 |

Horticultural products supplier William Sinclair says poor weather has hit demand for its products but it believes there is significant pent up demand.

Sales in the UK gardening sector were low in March. Warmer weather conditions should improve sales and William Sinclair believes that it could still achieve expectations.
Even so, house broker WH Ireland has cut its 2012-13 profit forecast from £2m to £1.5m due the the worse than expected first half.

Subsidiary, Freeland Horticulture will be supplying the top soil for the Queen Elizabeth Olympic Park and this could be worth £3m.

Synthetic peat product SuperFyba is being produced at Ellesmere but the build up to forecast volumes is taking longer than expected. Capacity will be much higher than previously.

The final compensation for the ending of peat production at Bolton fell could be agreed this year and there is potential remediation work worth £1m-£2m.

At 124p a share, up 5p, William Sinclair is valued at £21.2m.

Interim figures will be released on 10 June.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMarch2013_42.pdf

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