Ocean Wilsons (holdings)... Share Discussion Threads

[piedro] 02/3/2014 12:21

Does anyone have any news re: MSC Maya and the Asian route?
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Piedro 25 Oct'13 - 12:16 - 858 of 902
Great events happening ...
The MSC Maya will call at Tecon Salvador in a trial run to demonstrate a reduction in shipping time for products of the region to the far east from 65 to 33 days by this route ...

see..

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... as yet not returned to Tecon Salvador

[piedro] 22/2/2014 16:21

2 exerps FWII,

- Who also projects growth this year with investments in cabotage is Aliance Navigacao e Logistica. Earlier this year, the company began operations with ten vessels for cabotage. With an investment of It $ 450 million in fleet renewal, the company now aims to meet the growing demand of the Brazilian market and Mercosur. Now, the company will operate in 16 ports from Buenos Aires to Manaus.
- this year, Alianca hopes to increase the movement of rice cargos from the port of Rio Grande

[piedro] 22/2/2014 16:13

Cabotagem cresce em 'ritmo chinês' até 2020
21-02-2014
hxxp://www.teconsalvador.com.br/noticias/cabotagem-cresce-em-ritmo-chines-ate-2020

Cabotage grows at 'Chinese Rhythm ' 2020
21/02/2014
The model, which fell into disuse in the 1990s, returns to strongly conquer with support from industry and should win government incentives for expansion. ... ...

[marben100] 10/2/2014 17:54

William Salomon reckoned it would take 5 years, at the last UK AGM, when I spoke to him. I substantially reduced my holding after hearing that - an awful lot can happen with markets in 5 yrs. Hope I'm not premature in starting to rebuild now. Economic outlook for Brazil is certainly not plain sailing at present.

Cheers,

Mark

[piedro] 10/2/2014 16:09

Right on and GL
.
These things take time to work through

[marben100] 10/2/2014 10:41

Looks like all that CAPEX is finally strating to bring rewards. Added some today.

Cheers,

Mark
Twitter @marben100

[piedro] 08/2/2014 17:30

% of full containers by year
.Terminal......2008...2009...2010...2011...2012...2013
T.RioGrande... 60.1.. 62.7.. 68.0.. 65.1.. 65.3.. 64.0%
T.Salvador.... 69.1.. 65.7.. 69.3.. 72.2.. 71.5.. 71.5%

[last of the mohicans] 08/2/2014 10:51

January figures are now available for viewing

Some reasonable increases compared to last year, although empty container numbers make up quite a bit of the increase :(

When you go through the Q4 numbers compared to both Q4 in 2012 and Q3, we should really see some large increases in net profit and cashflow for that quarter.

LOTM

[piedro] 03/2/2014 20:56

LOTM
"...lots of soy beans etc going to be shipped from the north of Brazil from a new port, sadly looks like Wilson's have missed the boat ... "

I believe that this is the referred article:
Amazon River Soy Route Seen Extending Brazil Lead on U.S.


This one shows the problen:
Brazil Soy Boom Bottlenecked as China Left Waiting: Commodities


I don't think "Wilson's have missed the boat", as there are plenty of them and the problem is so great there is no one solution.

- Tecon Salvador is now the nearest suitable port to the main soyabean region, cutting 100's of kilometers from Santos and Paranaqua, but there is still the problem of the roads.
- There is the enlarged quay and the channel has been deepened, but for shippers to change routes takes time,( and there is also the possibility of a 3rd quay).

- Wilson's is no doubt also awaiting the regulation of the new law and the resulting licitations for new container terminals in the North East where they already have warehouses - some of those ports are saturated.

This is a problem that will take years to solve, (5-10), and soya is not the only product.

Obviously the widening of the Panama Canal and the Nicaragua Canal (if it gets built), being in the news, are seen as the latest solution.

And, here is another one ... ... with a much shorter shipping route ...
Peru, Bolivia to plan construction of Ilo mega port


... jam for everyone !

AIMHO

[last of the mohicans] 01/2/2014 10:24

Recent presentation interesting to

hxxp://wilsonsons.riweb.com.br/ir/ShowApresentacao.aspx?IdTeleconferencia=r286oLBr7MT58z4gfU8Hsw==

I see they are in the process of building 2 350T tugboats whereas all the others are just 200T, hmm they must be some size!

I wonder what bollard pull they will have? 110 maybe higher, interesting development.

Hopefully we will soon get to see Jan figures soon

LOTM

[flyfisher] 01/2/2014 09:36

An extensive brokers note has been issued by Edison investment research. Available on the Edison site .

hxxp://www.edisoninvestmentresearch.com/research/team/industrials

[last of the mohicans] 12/1/2014 18:31

I see there was a Bloomberg article over the weekend about lots of soy beans etc going to be shipped from the north of Brazil from a new port, sadly looks like Wilson's have missed the boat (sorry for the pun) on that one. Maybe it was just to big an investment for them, but I do think it will have implications for the other terminals to :( :(

LOTM

[last of the mohicans] 09/1/2014 19:29

Flyfisher,

Yes there are some nice figures in there

Tec RG did have a really good December, 62,000 units 2013, 41,000 units 2012.

Tec Sal, was good for December, up from 20,800 to 24,700.

As to profitability Tec RG is the key they need to boost exports through the terminal ASAP, need to do 57,500+ units a month in total in 2014.

LOTM

[last of the mohicans] 09/1/2014 19:09

OCN directors should be ashamed of themselves today.

They have failed to inform the market of quarterly numbers from Wilson&Sons which could easily be regarded as price sensitive.

Shame on you

Perhaps you should be making a nice contribution to charity from your cool salary's as a goodwill gesture to shareholders, as well as putting in place safeguards to ensure it doesn't happen again. If it does then its time for some OCN board changes.

LOTM

[piedro] 08/1/2014 21:32

yes, very nice and CAPEX only just beginning to show through.

[flyfisher] 08/1/2014 21:18

Superb December figures released for wson33 after the close. Container terminal volumes for December about 36% ahead of last year , towage well ahead and osv's about 24% ahead.
Overall Q4 figures should be very strong .

[flyfisher] 17/12/2013 09:02

LOTM / Piedro , thanks for the comments.

I have read several comments about poor infrastructure being a problem for brazil port operators. The article from the economist comments on Salvador , perhaps when the new expressway is completed benefits of new cargoes will show through.

[last of the mohicans] 16/12/2013 21:06

Yes Briclog, is going to change completely, $100m earmarked for it.

Earning's per share used to be close to US $2 in the good old days, with the capital that has been invested in the business they should be doing US $2 per share as the norm now with considerable upside to that number, just not happening yet.

T.Salvador seems to have a good game plan and I think it will start to show up in the bottom line soon :)

However T.Rio G is a real worry to me, its done nothing really for the last 3 years other than eat up a lot of capital, they need to focus on it and get freight through the port ASAP, even if they have to cut-there profit margin there short term, get the port at 75%+ capacity within 2 years.

Yes your right strange we haven't heard much more about RG shipyard, maybe its still having planning issues or such like?

[last of the mohicans] 16/12/2013 16:22

Thanks Piedro,

Only BR40 target price!! :( :( by the looks of it.

I reviewed the July presentation over the weekend, some interesting stuff in it.

From 2006-12 they invested $1 Billion in Wilson & Sons. Yet they have not made any real progress towards getting the same sort of return on investment that they achieved from 2001-06.

In fact if you look at the balance sheet and allow for the recent decline in the BR Real (25%+), it gets even worse because the $ value of the Brazilian assets would rise from $1B to @ $1.25B making the return on money invested much worse.

Both container terminals have ideal locations with no close by competition. Tecon RG has capacity for 1.3M annually. Tecon S 530K (which it is trying to fill through various idea's).

LOTM

[piedro] 13/12/2013 21:49

Last of The Mohicans

Great post.
I expect that Wilsons Sons will be bidding for new terminals as they become available, but by internation standards they are only small cap.

Brokers note