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Share Name Share Symbol Market Type Share ISIN Share Description
Ocean Wilsons LSE:OCN London Ordinary Share BMG6699D1074 ORD 20P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 1,130.00p 5,018 08:00:00
Bid Price Offer Price High Price Low Price Open Price
1,120.00p 1,140.00p 1,130.00p 1,130.00p 1,130.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 367.48 107.70 163.99 6.5 399.6

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Date Time Title Posts
16/11/201810:16Ocean Wilson - alltime high1,317

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Ocean Wilsons Daily Update: Ocean Wilsons is listed in the Industrial Transportation sector of the London Stock Exchange with ticker OCN. The last closing price for Ocean Wilsons was 1,130p.
Ocean Wilsons has a 4 week average price of 1,125p and a 12 week average price of 1,025p.
The 1 year high share price is 1,290p while the 1 year low share price is currently 575p.
There are currently 35,363,040 shares in issue and the average daily traded volume is 5,513 shares. The market capitalisation of Ocean Wilsons is £399,602,352.
varies: NTV I agree with you. If this was not already my second largest holding, I would be buying more. What should surely govern the share price for the time being is the prospect of Wilson Sons selling its container ports and I do not see this as much diminished. The fall in profits seems to owe much to currency movements; these are often soon reversed. If the sale of the container ports comes to nothing, OCN are still worth about £10 per share as before. Just for once the investment side seems to be holding up reasonably well, given market conditions.
ntv: Net asset value At the close of business on 31 July 2018, the Wilson Sons share price was R$45.20, resulting in a market value for the Ocean Wilsons holding of 41,444,000 shares (58.19% of Wilson Sons) totalling approximately US$499.0 million which is the equivalent of US$14.11 (GBP10.76) per Ocean Wilsons Holdings Limited share. Adding together the market value per share of Wilsons Sons, US$14.11 and the investment portfolio per share of US$7.71 results in a net asset value per Ocean Wilsons Holdings Limited share of approximately US$21.82 (GBP16.63). The Ocean Wilsons Holdings Limited share price of GBP12.90 at 31 July 2017 represented an implied discount of 22%.
last of the mohicans: steve3sandal Ocean Wilson holds 41.440 Million Wilson & Sons shares which are currently priced at R$49.61 or $13.19 per share. If you use an exchange rate of £1 = $1.30 then $13.19 is worth £10.15 per share or £420m in total which translates into £11.88 per OCN share (420/35.363). On to which you need to add the investment portfolio. However, its not as simple as that. The Brazil market is placing a valuation on Wilson&Sons. They don't know which asset /assets might get sold and at what price compared to the book value of the said asset. If its one of the container terminals then I'm expecting it to go at a pretty high valuation compared to its book value. The trouble then becomes one of all this cash (even after paying off the debt (which given the low rate of interest on the loan I don't think they'll do) sitting in the sub. If they distribute it, only 58% of it will go into OCN, they then have to decide if they want OCN to make a shareholder payout or keep it in there and give it to Hansa (effectively themselves) to manage and extract the nice extra annual management fees. Even if they do go down the distribution route within OCN, most of there holdings are via the Hansa Trust (which will only get part of the OCN payout) they then have to decide if the also want Hansa to distribute the cash as well. You'll be gathering by now all the dilution that's taking place as the money moves up the tree & to the side, so they will get a lot less in there hands than people might think. That's not taking into account the tax that might be due on each of these upward distributions (ouch). If they are going to return cash to investors it might be via a share-buyback because the discount to NAV on the shares bought will help cover the tax due etc. It would also give them a liquidity opportunity if they so wished for Hansa to sell down its OCN holding. Lots of possibilities out there, but personally I see a cash payout from OCN as being very far down that list of possibilities. Oh & by the way I'm expecting to see some bumper numbers tonight, for July's monthly container stats etc. LOTM
ntv: The share price of the Brazilian listed company seems to be slowly rising. OCN seems to be falling. You would have thought the share prices would have moved up and down together.
varies: These container ports will certainly interest the Chinese who have, for example, built huge ports in Sri Lanka and, I believe, Somalia. Whether the Brazilian government would let the Chinese buy them is another matter. A large holding (say 30% ???) in Sociedad Quimica (SQM), a huge lithium mining company in Chile, became available last year and the Chilean government refused to let the Chinese buy this. I have held OCN shares for over 30 years (bought at under 50p). I see from the graph that the share price peaked at £14 in 2011 but I believe we may now see a significant rise in our asset value. The Saloman family still control OCN, partly through Hansa Trust, and I have no idea what their intentions may be. If Wilson Sons can be sold, then we might reasonably expect a distribution of the proceeds. There are likely to be substantial liabilities to Brazilian tax and, for many of us, to CGT. I am holding on.
ntv: galeforce1 have you got a link to the Brazilian share price substantial value could be unlocked here
galeforce1: Strange that this has had an almost 10% fall in the last week. Wilson Sons share price looks quite strong in Brazil, so perhaps this is an opportunity to add.
flyfisher: WSON33 share price in on new multi year highs and yet OCN lags £3 below highs and is at a 35% discount to a SOTP valuation, which is at the higher end of its range. Growth should come from an improvement in the brazilian economy and an improvement in ports capacity and efficiency.
last of the mohicans: Trytotakeiteasy, Where's the future growth coming from ? Tecon Salvador, has legal issues to get over before it can expand any further. There's no sign of them buying up or even trying to buy up / start up another container terminal. Towage has little room for growth at the moment. Ship building is doing very little, as is bonded warehousing. All that debt has to be repaid on the PSV fleet & $100M plus invested in oil & gas and doing nothing with a ticking time limit is another noose around the company. The numbers you refer to are low, but always will be, there's not that many oil & gas players in the first place. Yes it was a small share in 2016 because day rates and margins everywhere else in the sector were being squeezed, but that's the sector they pinned there hopes on for real growth in the coming years and its now going to be delayed considerably. Yes flyfisher the recent rise in the WSON33 share price is strange when you take into account all of the above. LOTM
galeforce1: OCN's Interim statement (issued August 9th) for the 6 months to end of June looks encouraging. Am surprised the share price hasn't seen more a pop. An opportunity, I think, and I've beed adding. Looks like good value. 35% discount to NAV. Container ports much busier. Brazilian maritime logistics generally picking up. If the divi rises from this years $63cents to maybe $70cents that's a 5% yield.
Ocean Wilsons share price data is direct from the London Stock Exchange
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