NWF, the specialist agriculture and distribution business, has issued a trading in line update. Each of the three divisions are broadly performing to plan and we are leaving our FY16 forecasts unchanged (PBT £8.2m, EPS 13.4p). The shares have materially outperformed the market over recent weeks, reflecting the slightly better than expected FY15 results (announced 4th August). That said, the shares are trading at an undemanding forward P/E of 12.0x (Mar-16) and are yielding 3.4% (2.4x co
