Ocean Wilsons (holdings)... Dividends - OCN

Ocean Wilsons (holdings)... Dividends - OCN

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Stock Name Stock Symbol Market Stock Type
Ocean Wilsons (holdings) Ld OCN London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
5.00 0.49% 1,025.00 11:30:19
Open Price Low Price High Price Close Price Previous Close
1,020.00 1,020.00 1,025.00 1,025.00 1,020.00
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Industry Sector

Ocean Wilsons (holdings)... OCN Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

piedro: RNS Number : 5048Z Ocean Wilsons Holdings Ltd 24 May 2021 OWHL - Subsidiary, WSL - Proposed Restructuring ... The Proposed Restructuring is intended to simplify and optimise the Group's corporate structure, increase stock liquidity and facilitate the Wilson Sons' access to capital markets. ... IMO this restructuring will allow the move of the WSON shares to the 'main' market which is more serious, {like getting promoted from AIM to the FTSE}. Institutions will feel more confident to invest, capital may be raised if necessary and as can be seen the share price is being re-rated. I note that an astute Director has acquired 2,000 shares, but the lag in the share price perhaps reflects a certain distrust of the OCN bod.
flyfisher: Wilson sons has been rising over the last couple of weeks and the real has been strengthening against the USD. It does not seem to be reflected in the OCN price. Is their any wson33 news or rumour that has caused the rise? I get a current sotp of 1751p for OCN implying a 39% discount at current price, much higher than the historic norm.
varies: Having bought my shares at about 50p over 40 years ago, I take a languid view of the ups and downs. OCN has been very consistent over the years in paying a good dividend and the current yield of over 5% (or 100% on my original purchase)is a very welcome addition to my income. This has changed little in recent years but looks to me more likely to go up than down once Brazil recovers from Covid19. I do agree, however, that OCN's investment record has been uninspiring. Old Walter Salomon had a golden touch which his descendants plainly do not.
last of the mohicans: PUGUGLY, Your forgetting that most of the family (younger generations) work for Hansa, so OCN via the management fee is paying there wages and keeping them employed. So there not going to change the overall fund managers are they. There also the ones that select which funds the money then goes into ...... which is why there are so many funds in the investment portfolio to make it look to the unobserved that its a "real portfolio" its not, only the top 25 holdings at most actually add or lose the portfolio serious money If OCN had merely placed all the money it got from selling the Wilson & Sons stake back in 2007 directly in the MSCI All Country World Index inc. (or a fund that mirrored it) missed out Hansa altogether then the portfolio value would now be north of $600M. LOTM
flyfisher: WSON33 share price has risen in excess of 20% in the last 3 weeks, which has not been mirrored by OCN who hold the majority. Brazilian real has firmed against the $, and the investment portfolio should have had a good Q1. Perhaps OCN will catch up with events.
last of the mohicans: EezyMunny No, I'm sorry but you need to understand the company and its financials much better. I never said anything linking EPS with the company's value (actual or even possible value). EPS are linked to dividends, its unsustainable for a business to be earning less than it is paying out in dividends, yes it can be smoothed out for a short period of time, but that's as far as it goes, after that you're building up major problems. Varies, the fact they farm out the management of the portfolio is part of the problem, if they actually gave the funds to groups capable of making money, we might have a decent sized portfolio by now, the fact they haven't means it's money effectively doing nothing for OCN shareholders but keeps their coy setup going I think the share price high was in 2011 actually, so 10 years of serious under performance, same for Hansa Trust. (You'll have noted that the trust has a lot of the same holding as in the OCN portfolio itself). As I said if it wasn't for the one investment they've got right - Findlay Park American (FPA), the whole shareholder base would be up in arms about it all ! They even sold FPA twice, (once I think fully) and then bought them back (not as many as we had originally) if they had the holding would be worth north of $35M right now. However that would cause them a problem in itself as it would be near or at the upper limit of the amount they are allowed to have in one particular fund! They've never found other investment to properly complement FPA and thus grow at a similar sort of rate or one that we could describe as acceptable and thus not require FPA to be reduced to stay within the limits. What was meant to happen from 07/08 as part of shareholders agreeing to the Wilson & Sons float, was that some of the fund would be paid out in dividends, until they realised within 3 years that that wasn't sustainable given all the $ Millions that were being lost in management fees. Not for out performance, but mediocre results at best. What I find amazing is the graph's they produce each year as to the funds performance and it always refers to a certain index, well if they'd just invested in that index or mimicked it for the last 10 years, the value of the portfolio would be multiples of what it is now ! but none of them are smart enough to have worked that out ! LOTM
varies: Last of the Mohicans Brazil is indeed in a sorry state with terrible Covid numbers. OCN's investment portfolio does, however, provide some protection from a downturn at Wilson Sons. This portfolio seems to be rather cautiously managed, being spread amongst many funds and hedged to some extent against a fall in the US stock market. This policy has not paid off recently. Whilst accepting that next year's dividend looks insecure, I believe that OCN will provide a good yield in the medium term.
last of the mohicans: @ EezyMunny, Yes dividend is being maintained by Wilson & Sons so happy to be proved wrong. I thought they might have to cut it by 20% or so. Just been looking through the actual numbers EPS numbers are horrible :( last year they were 42.74 cents this year 27.17 cents (not much difference between basic and diluted in either year) Dividend payable 54 cents Yes I know the constant significant currency movements have to be taken into account, but a dividend payment that is 2 times Earnings for the year is totally unsustainable. Even if you also factor in less capex the next couple of years etc and reduced COVID costs, still not sustainable. They need a significant turnaround in the oil and gas sector to help the numbers as well as a better exchange rate to boost the container terminal overall numbers. LOTM
last of the mohicans: Well tonight UK time Wilson & Sons will release its results for 2020. I have a feeling that they will be unable to maintain the dividend at the current rate and will reduce it. That in turn will result in Ocean Wilson's cutting its dividend as well. I hope I'm wrong, but given the current state of there business's especially the oil & gas sector and the weakness of the Real and an interest rate rise looming. I simply don't think it is possible to maintain the current dividend rate LOTM
henchard: Discount 47% right now. Historically high? hTTps://www.fool.co.uk/investing/2020/11/23/3-uk-value-stocks-i-think-could-make-me-rich/ "UK value stocks #2 Another business I’d be happy to buy a slice of is Ocean Wilsons Holdings (LSE: OCN). This one is listed on the FTSE main market, and has a capitalisation of £241.4m. OCN has a controlling 58.16% interest in Sao Paolo-listed Wilson Sons — one of the largest providers of maritime services (towage, container terminals and so on) in Brazil. OCN also has a portfolio of around 80 international fund investments (e.g. Findlay Park American and Adelphi European Select Equity). Based on Wilson Sons’ latest share price, and current exchange rates, OCN’s interest in the business can be valued at £243.4m. This is equivalent to 688p per OCN share. Meanwhile, the value of its investment portfolio last reported (31 October) was £211m, or 597p per OCN share. Therefore, the sum of 688p and 597p gives OCN shares an intrinsic value of 1,285p. Yet they’re trading at 682.5p — an implied discount of 47%. Put another way, OCN shares buy you Wilson Sons at a small discount to its price on the Sao Paolo stock exchange and you get the £211m investment portfolio thrown in for free. My calculations suggest OCN is another top value stock on the UK market."
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