News blog
William Sinclair
- BY: Andrew Hore |
- POSTED: 04/07/2010 |
William Sinclair says that the hot weather has helped trading continue to be strong.
The peat and horticultural products supplier’s margins are much stronger than last year and competitors are short of peat supplies. The 2010 peat harvest has been good quality and is ahead of expectations. There are still three months of the harvesting season to go.
During June, Sinclair launched a peat free alternative product called Sincro-BoostPlus. This is good at retaining water, is nitrogen stable, has a low nutrient level and looks like peat but it is made from renewable sources. Sinclair has spent millions of pounds on the product which is made from local authority green waste.
The weak industrial property market means that Sinclair will not get what it hoped for its surplus property in Lancashire. A write-down in the valuation will hit the current year’s figures.
At 117.5p a share, Sinclair is valued at £19.5m.
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