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William Sinclair

  • BY: Andrew Hore |
  • POSTED: 05/10/2009 |

Horticulture and garden products supplier William Sinclair says that trading is in line with expectations. 

Consumer demand has been strong but retailers have reduced stocks of product.

The peat harvest was better than in 2008 but lower than expected due to wet weather in July and August. There should be enough peat to meet customer requirements.

House broker Arbuthnot is forecasting full year profits of £1.24m in the year to September 2009. The results will be published on 5 January 2010.

At 77.5p a share, William Sinclair is valued at £12.8m. The shares are trading on just over 13 times estimated earnings for 2009.

Negotiations with Natural England over compensation for ending peat production at Bolton Fell are continuing. 

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