Ocean Wilsons (holdings)... Share Discussion Threads

[piedro] 29/12/2015 09:44

SECRETARIA DOS PORTOS APROVA PLANO DE INVESTIMENTOS DO TECON SALVADOR
29-12-2015
Publicado em Portos e logística

[topvest] 24/11/2015 17:23

Just doubled up here. Hopefully, the share price is starting to stabilise. Great company with a good long term future I think.

[piedro] 30/10/2015 10:32

Some big trades just gone through as we await the end
of month Trading Volumes ...

[gfrae] 19/10/2015 08:38

Hansa Trust has some pretty rubbish holdings eg All Leisure and Blinkx.

[topvest] 11/10/2015 20:07

Yes, but there is great opportunity in this share in my opinion. We are not far off the whole share price being represented by the investment portfolio (worth £4.50 a share) and Wilson & Sons (a great business) thrown in for free. Watching closely and already doubled my position in Hansa Trust.

[arlington chetwynd talbot] 09/10/2015 03:59

A catastrophic chart, support looks around 430?

[piedro] 09/10/2015 03:54

FWIW ...

PRESS RELEASE
Wilson Sons Limited (“Wilson Sons” or “the Company”), a public held company traded at BM&FBovespa under the ticker WSON33, announces to all its shareholders that Wilson Sons Ultratug Offshore (“WSUT”), a subsidiary in which Wilson Sons has a 50% interest, has completed the original contract with Petrobras for the Platform Supply Vessel Fragata, which was effective for 8 years plus two additional extensions of 90 and 60 days respectively. The vessel was in these operations from April 2007 until 7 October 2015. The vessel is second placed behind another WSUT vessel for contracts in its´ category in the April 2015 public bid process conducted by Petrobras that is now awaiting conclusion. The Platform Supply Vessel (“PSV”) is 3,000 deadweight tons.
Rio de Janeiro, 8 October 2015.
Felipe Gutterres Ramella
Legal Representative and Investor Relations

ie., it's "PPT" {available promptly}

[last of the mohicans] 16/9/2015 22:44

Might be of interest to people

'hTTp://www.wilsonsons.com.br/agencia/en/press/news/porto-alegre-shippers-happy-get-brazil-box-boost-after-six-year-wait' target='window'>http://www.wilsonsons.com.br/agencia/en/press/news/porto-alegre-shippers-happy-get-brazil-box-boost-after-six-year-wait

LOTM

[last of the mohicans] 15/9/2015 09:32

August's numbers at Wilson & sons are very interesting to say the least.

RG had a really good month, TS showed an improvement on last year.

The big surprise was a fall in the Towage numbers, which somehow came from left field compared to previous months which had all shown steady growth.

LOTM

[piedro] 19/8/2015 14:56

CONFERANCE/WEBCAST - about to start
Rio de Janeiro, Brazil, 19 August 2015
English (Simultaneous Translation)
Time: 10 am (NY) / 3 pm (London) / 11 pm (Brasilia)
Webcast: hxxp://cast.comunique-se.com.br/WilsonSons/2Q15
Dial-in access: [phone] (NY), 44 203 051 6929 (London)
Live audio, slide broadcast, and replay available at: www.wilsonsons.com.br/ir

gla

[trytotakeiteasy] 19/8/2015 12:56

Looks like patience is need for at least two years!!!!!!! tough to see Brazil getting back on track recently given commodity price weakness.

[last of the mohicans] 15/8/2015 20:45

Hi Flyfisher,

Thanks :) finally found it, not by the usual methods thou, which is why I thought they hadn't issued it.

I wouldn't say the numbers were that strong being inflated by 11,500 more empty TEU's at RG than in July 2014.

Nevertheless better than they might have been given the state of the Brazil economy.

Thanks for the info Piedro, interesting development going forward :)

LOTM

[piedro] 15/8/2015 13:24

LOTM,

Re: T.Salvador
The 'ideal' is one thing but they can only work within the space available
- it is a question of logistics

Re: T.Rio Grande
Wilson Sons and Braskem seal partnership for operation in terminal


Terrible translation - {in Brazilian}

[flyfisher] 15/8/2015 08:41

LOTM, July trading volumes were released a couple of weeks ago and were very strong.
You will find them on the wilsons website.

[last of the mohicans] 15/8/2015 00:44

Hi Piedro,

Ideally I think they would be best served with 2 berth of say 350M & another of close to 300M.

Half year results are out, don't look too bad. EBITDA up quite a bit

I don't see any figures yet for July's traffic numbers, however this is interesting



Which would indicate that June's good numbers at RG were followed up with something similar in July.

LOTM

[piedro] 13/8/2015 02:19

LOL

And what are the "right berth sizes"? And for which year?

They started out with 2 berths of 240 and 220 mts

In the 2010 expansion they increased the berth and yard area by 177-200 mts
to give 2 berths of 240 and 377 mts.
If their concession is renewed with the new CAPEX project, they will only
be able to extend the principal berth by 400-500 mts (depending on the allowance)
and it will also mean reclaiming land for the yard area.

[last of the mohicans] 13/8/2015 00:36

Interesting find Piedro :)

Maybe they will get the right berth sizes the next time !!

LOTM

[piedro] 12/8/2015 10:13

CABOTAGEM PUXA CRESCIMENTO DO TECON SALVADOR
11-08-2015
O crescimento de 12% na movimentação de cabotagem e de 5% no longo curso, registrados no primeiro semestre, reforçam os argumentos do Tecon Salvador sobre a necessidade da antecipação da renovação da concessão em troca de um investimento de R$ 537 milhões. Atualmente, o terminal consegue receber dois navios ao mesmo tempo. Com a expansão, seria possível trabalhar com três embarcações simultaneamente. Ele movimentou, na cabotagem, 24 mil TEUs (contêineres de 20 pés) no primeiro semestre, contra 21,4 mil no mesmo período de 2014. ... ...


Translation:
COASTAL TRAFFIC PULLS TECON SALVADOR GROWTH
08/11/2015
The 12% growth in the movement of cabotage and 5% over the long haul, recorded in the first half, reinforce the arguments of Tecon Salvador on the need to advance the renewal of their concession in exchange for an investment of R $ 537 million. Currently, the terminal can receive two ships simultaneously. With the expansion, it would be possible to work with three vessels simultaneously. They moved, by cabotage, 24,000 TEUs (20-foot containers) in the first half, against 21,400 in the same period 2014. ... ...

[piedro] 30/7/2015 13:59

TECON RIO GRANDE AUMENTA SUAS EXPORTAÇÕES EM 8,3%
28-07-2015
Publicado em Portos e logística
O Terminal de Contêineres do Porto do Rio Grande (Tecon Rio Grande) fechou o primeiro semestre com saldo positivo na exportação e na cabotagem. No acumulado dos seis primeiros meses do ano, foram exportados 95,6 mil TEUs (unidade equivalente a 20 pés), o que representou um crescimento de 8,3% em relação ao mesmo período de 2014. O mês de junho foi o grande destaque, com 19,7 mil TEUs movimentados - 36,4% superior ao ano passado. ... ...

[piedro] 30/7/2015 13:56

TTIE,

The medium-term share price could be difficult to predict if it is to be tagged to the Brazilian economy but Wilson Sons are holding up very well IMO and are getting the right sort of write-ups by the local press.

I would go so far as to say that they are well protected in most sectors

[trytotakeiteasy] 29/7/2015 21:12

Piedro - hmmm maybe I have called this wrong medium-term. Brazil Real seems to be plunging. We shall see.

[trytotakeiteasy] 23/6/2015 21:50

Piedro - markets look ahead. at the recent share price Wilson Sons is on around 11X forecast earnings for 2016 and 9.3X for 2017. The yield for both years is 5%.

So if the share price of Wilson Sons picks up, which it should over time, and the Brazil real at least stops depreciating then Ocean Wilsons asset value will go higher. The crux is when the worsening of the Brazilian economy starts to decelerate and we can see the corner in sight. Things should turn around by 2016 at the latest.

These are my working assumptions anyway. The bottom line is that Wilson Sons is a great long-term stock which should see strong long-term results.

Spoke too soon. Share price down again!! At least the investment portfolio balance of £4.72 a share should provide some support. Now 53% of the market value of Ocean Wilsons.

[piedro] 16/6/2015 16:38

tttie,

I like your optimism.

Did you know that one of the services offered at their dry-ports is relabelling imports for the Brazilian market - "tropicalization"

[trytotakeiteasy] 16/6/2015 15:04

My take is that Brazil economy will be under pressure for the remainder of 2015 and may start to recover in 2016. The cheap Brazil Real may spur exports of certain goods such as agricultural commodities. However, it will serve to curb imports along with weak consumer demand.

Crux is when Brazil Real starts to stabilize and then strengthen. When this happens the asset value of the Wilson Sons stake will increase in sterling terms.

Current situation is very frustrating but things should start to improve in a year's time

[piedro] 16/6/2015 15:00

something more to think about ...

Maersk Line sees lag in Latin American ports
Jun 15th, 2015
In the short and medium term, it will be difficult for Latin America and Mexico to receive latest generation ships carrying 18,000 to 20,000 TEUs, even with the opening of the expanded Panama Canal. .... ....
hxxp://thebulletinpanama.com/2015/06/maersk-line-sees-lag-in-latin-american-ports/

- interesting times

:-)