If you go to the OCN thread and look through Last of the Mohican posts, you'll get chapter and verse on the connections Hansa/Ocean Wilsons/ Wilson Bros...and the controlling Salomon family shareholdings.
HTH |
I think both were sister companies within the Rea Brothers Merchant Banking empire back in the mid 1900s. I may be wrong. |
I know this is not a typical IT but what is the history behind such a huge Ocean Wilson holding and it not being cut? |
None of the specialist investment trust brokers seem to cover this one. As yet !
At worst, as you point out, holders have almost £4 a share of assets working for them for a cost of £2, which must be the largest discount in the sector for a long-established trust. A point in itself which, I agree, you'd have thought some broker would be able to market. |
no replies and a near-50% discount. I see value, extreme value. |
Could see a further rerating of the oceans wilson holding soon. Suez and Panama issues can only add to freight prices. I'll keep on with the monthly. |
Thanks, it's why I was reluctant as I couldn't work out why the need for two. |
Han A non voting. Ords having voting rights where you can use to have the occasional protest against the Salomons... |
Any idea what the difference is between han & hana??? |
Might be mad but bought some at 37% discount (211p) as that does seem wide even for this... |
Given how the UK government has turned anti-business and free markets this past year, it's looking like a fabulous decision by the Hansa board.
I also see a potential major upturn in commodities, so Brazilian shipping will do well. Given the 30% discount, this screams buy. Especially as Britons realise they need to get more of their capital outside the UK. |
Joined in today. Hopefully levelled out at worse. Share price has been ok since April so might pick up in a Santa Rally. |
Ah right, thanks for the reply, appreciated. |
Were IHT an issue for the Salomons, you've got nearly 300p of assets valued for IHT purposes at 200p. |
Why the buying is what I'm wondering?. |
At 190p that's £1.235m to add to his recent share buying splurge:
On 07 February 2020, Hansa Investment Company Limited (the "Company") was notified that William Salomon, Director of the Company, had acquired an interest in the share capital of the Company shares. Following this purchase of 650,000 'A' ordinary shares, his total interest in the Company is 10,864,345 ordinary shares and 1,570,500 'A' ordinary shares. |
Good point |
Thanks Steve wise words me thinks |
SL. Stating the obvious perhaps but yes, the large discount creates the potential for the shares to be a buy. But if that discount persists you would also be selling at a large discount. I first tried to profit from a 30% Hansa discount in the early 2000s but it’s now even higher. I’m not convinced the company is fun for my benefit and it’s been a long term underperformer in my portfolio. There are times I’ve topped up, top sliced, gone all in and all out, to little avail. I’ve hung around in the hope of something strategic occurring to crystallise value but it’s evidently not in the Salomon interests, at least not in the current generations interest. I won’t be around for the next generation. Just saying..... |
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