Ocean Wilsons (holdings)... Share Discussion Threads

[piedro] 19/3/2014 14:05

21/10/2013
Wilson Sons se interessa pela compra da CBO
Com a compra empresa ampliará consideravelmente sua posição no mercado brasileiro
hxxp://www.guiamaritimo.com.br/gm_wp/noticias/wilson-sons-se-interessa-pela-compra-da-cbo/

Translation:
Wilson Sons is interested in buying the CBO
With the purchase the company would considerably expand its market position in Brazil
Wilson, Sons is interested in buying the CBO ( Companhia Brasileira de Offshore ) , controlled by the Fischer family. The active maintenance of platforms segment, the company also operates in the marine industry, on account of his participation in the Construction Alliance. Six groups of companies in the private equity industry, has sought the Fischer family. Among them would BTG Pactual. The family would be asking about $ 1 billion for this package of assets. Wilson, Sons should go into business in partnership with Chilean Ultramar, who is their partner in exactly the area of support platforms and offshore vessels. Besides providing services for others , Wilson, Sons Ultratug Offshore ( WSUT ) , arm of the English group in this segment operates 14 own boats .
If they buy the CBO, the British considerably expand their position in the Brazilian market, to have three more offshore support yards and 33 owned vessels in the country.

[piedro] 17/3/2014 16:11

for your interest ... {2014 harvest}

17/03/2014
Porto do Rio Grande investe em estruturas para granéis
hxxp://www.guiamaritimo.com.br/gm_wp/

- Tecon Rio Grande: said to be sending grains in the 'empty' containers
- Tecon Salvador: the bulk carrier Nordic Stockholm docked last night

[meijiman] 12/3/2014 11:39

Are you seeing that as a potential positive or negative. The negative would be more competition -equally it might attract more trade if infrastructure links are improved??

[piedro] 12/3/2014 11:19

No comments ??

That note in #922 is quite significant for Wilson Sons.

They may or may not be in the bidding for port concessions
But one is planned for the Port of Salvador and it may well,
(probably IMO), be right next door.

[m.t.glass] 12/3/2014 09:56

yf23 - Yep, I recall that. I maintain a shorts thread (DOWN), though not much input as my shorts are mostly brief intraday ones picked from the Advfn's narrowspreads Toplist.

[muzerewa] 12/3/2014 09:45

I also appreciate reading your posts Piedro. I have had a holding in OCN for some years, which has become more significant after a recent top-up.

[piedro] 11/3/2014 18:43

Brazil to call tenders for port concessions
By Michele Labrut
from Panama
Brazil Port Secretariat (SEP) plans to launch port concessions tenders in the states of Sao Paulo and Para worth around a total of $2.2bn in March. .... ....

[rambutan2] 11/3/2014 17:39

Yes, always check the posts on here, and happy to continue holding as have for most of this century...

[yf23_1] 11/3/2014 14:16

I was thinking more of an I.T route (HAN) to diversifying a bit rather than adding any more pure play single equities, but my first thoughts are that OCN looks rather favourable so i'm not unduly put off by the high stake. In fact it would save me from buying OCN directly and adding some diversificaton at the same time.

Thx for all the feedback.

MTGlass - I think I remember you from the days when goodfella and the bear club was around ?

[bdroop] 11/3/2014 13:58

I thought I'd add to the conversation too, now we're all posting.

I like OCN but there's a lot of capex still playing out I think - so I keep it on my watch list, but I sometimes want to take the plunge but macro issues keep getting in the way to mitigate against this good entry point as well.

Another way into OCN is through Utilico Emerging markets Trust as it's in their top 10 holdings, I think I'd recommend that route over Hansa Trust as it fits into the asset allocation EM "box" better for folks looking at EM funds over direct. Dividend there is OK too.The exposure is less though of course. Keep at it Piedro I read them too. Warm regards

[westcountryboy] 11/3/2014 09:30

Piedro

I am also a long-term holder who finds your posts very interesting (though I can't compete with them)

[ed 123] 11/3/2014 09:20

LOTM.

Ta. :-)

[last of the mohicans] 11/3/2014 08:47

Ed123,

As it says, "empty" with nothing in them, most likely to somewhere, so that they can be filled up and then transported somewhere else

LOTM

[marben100] 11/3/2014 08:37

Piedro,

There may no be many posts on here, but I can assure you that your detailed commentary/information is much appreciated. Please keep it coming!

Thanks,

Mark

[ed 123] 11/3/2014 08:35

Anyone know what they mean by "empty"? Ta.

[piedro] 11/3/2014 08:33

marben100,

Good to see you here.
I confess that nowadays I limit my postings on this particular bb.
There being not much interest in what the company actually does.

[marben100] 11/3/2014 08:31

More evidence of returns on CAPEX now being obtained, just announced. Unsurprisingly, most growth is from local Brazilian traffic, with international trade being down and strong oil service volume growth.

Cheers,

Mark

[marben100] 11/3/2014 08:17

Hi yf23,

Yes I think most holders will be aware of HAN, which also manages OCN's investment portfolio.

Personally, I choose to invest directly in OCN (though I reduced the level of my investment to a small one after the AGM in 2012, when it became clear that it would take a long time before investors saw any benefit from the huge CAPEX being made. I have recently added a tranche as it appears we might be starting to see the benefits appearing.

I hold directly because a) I see no reason to think the long-standing discount at HAN will reduce; b) my main reason for holding is OCN's interest in Wilson, Sons. This is already diluted by the investment portfolio OCN holds and would be diluted further by HAN's portfolio, if I held using that vehicle.

Cheers,

Mark
Twitter @marben100

[last of the mohicans] 11/3/2014 08:11

Monthly report from Wilson & Sons, was out overnight.

Tech RG had a good month in most sectors, there was a couple of weaknesses.

Tech Salvador had a really bad month.

Towage was the highlight for sure, deadweight again up substantially, no wonder they want to build a couple of these really big tugboats and manoeuvers were well up as well.

Should have been quite a profitable start to 2014.

LOTM

[m.t.glass] 11/3/2014 08:09

- and Hansa has been mentioned in the header since over a decade ago ;o)
(I wouldn't assume that discount will narrow)

[last of the mohicans] 11/3/2014 08:05

Yes yf23_1 its been known about for a long time, Han inv trust have had that holding for a very long time, at one point I think OCN accounted for over 40% of its assets, but OCN has since very much under performed the markets in general, since reaching £14 a share.

LOTM

[yf23_1] 11/3/2014 02:41

I was just looking at HAN inv trust which has 30% assets in OCN and is also trading at a large NAV discount. It appears to be a nice way in, anybody aware of this ?

[last of the mohicans] 02/3/2014 23:38

Piedro,

Best way would be to just write to the company and ask them directly.

However going by your dates, it would be impossible to have gone there and back, ie 65 days there would be to 1st Jan, then another 65 days would mean into March instead of being in New York (further travel distance) on 26th Feb

LOTM

[piedro] 02/3/2014 23:31

LOM,

My curiosity is that she, MSC Maya, left T.Salvador on the 27th October last year to try out a new 'FAR EAST' route which would supposedly reduce the delivery time of products from Bahia (pulp, leather and petrochemicals) to the far east from 65 to 33 days transit time.

As she has not as yet returned, nor been replaced by another vessel, I am coming to the conclusion that the experiment was not successful.

[last of the mohicans] 02/3/2014 22:20

Piedro,

hxxp://www.marinetraffic.com/ais/details/ships/351384000/vessel:MSC_MAYA

show's it was in New York 26th Feb 2014, if that helps?

LOTM