News blog

William Sinclair

• BY: Andrew Hore |
• POSTED: 20/05/2014 |

Shares in horticultural products supplier William Sinclair slumped 51p to 60.5p, a new 12 month low, due to disappointing sales and an expected slump into loss in the year to September 2014. 

Net debt is also higher than expected and there will be no interim dividend. The compensation claim against Natural England will not be settled until the autumn at the earliest.

Management changes are planned.

Sinclair is valued at £8.7m. NAV was £14.5m at the end of September 2013.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2014_56.pdf