Ocean Wilsons (holdings)... Dividends - OCN

Ocean Wilsons (holdings)... Dividends - OCN

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Ocean Wilsons (holdings) Ld OCN London Ordinary Share BMG6699D1074 ORD 20P
  Price Change Price Change % Stock Price Last Trade
2.50 0.29% 860.00 09:55:53
Open Price Low Price High Price Close Price Previous Close
857.50 857.50 860.00 860.00 857.50
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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

livingstone20: A nice run up from quarterly results and I think there is still further to go. Once the dividend starts to update in to all the data services this should stand out on filters as a great yield, with Brexit security of if being in dollars. It looks like the family mainly run it for dividend stream so that should have some security, with potential upsides of special dividends if they ever complete a transformational transaction, Real exchange rate reversal from long term low and investments fund growth post vaccine. There must be plenty of smaller company, special situations, emerging markets and high income funds who would be interested in tucking away a few at 7 per cent yield at fairly low risk with scope for capital growth as well.
varies: pockstones It is difficult (and gratuitous for us as outsiders) to tell what might be in the best interests of the Saloman family but I expect that they and their advisers are well aware of the tax implications of any steps they might take to realise the value of their holdings in OCN and Hansa. I do agree, however, that this is a factor in considering the attractions of OCN shares. Under the present arrangements the older members of the family can take comfort in knowing that their children's and grandchildren's fortunes are securely invested whereas cash raised might be readily spent, perhaps with disastrous effects. The annual dividend that I receive is well over the price I paid for my shares and is always very welcome when it comes. I believe that there are few safer investments on this yield.
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."
jane deer: If Wilson and Sons pays out a regular 54 cent dividend in the spring for FY20 (and its recent reinstatement of the full dividend 54 cents for FY2019 must be a sign of confidence), then presumably OCN will pay out another 70 cent dividend in June. If that were to happen, current shareholders will receive back $1.10 (40c in Dec plus 70c in June) or 12% of the current share price in the next 7 months.
jbfnfn: The Brazilian Real is still close to all time lows against the dollar. Hence any assets priced in Reals (OCN and the large OCN holding in HAN) are going to be low. There has been a bit of an uptick in the Real since the US election, maybe the market is anticipating a US stimulus where the dollar might weaken, or maybe the Brazilian central bank is wasting it's foreign exchange in the FX market.
livingstone20: By my calculation the Net Asset Value has today gone over 15 pounds, thus the share price of only £6.40 is at a whopping 60%+ discount. With results due Wednesday and hopefully a confirmation of the 15 pound NAV, there must be a chance of a long overdue move up??! Plus still the potential of a port/s sale, Chinese interest and potential special dividend perhaps? Thoughts? It seems quite quiet on here!
galeforce1: I agree that the Salomons have a cosy arrangement here, taking a large annual fee to manage the cash pile rather badly. But they also have alot of capital tied up here, and perhaps they will want to realise OCN's full value at some point in the not too distant future. This is what tends to happen in family controlled investment trusts that trade at a big discount. Like El Oro recently. Here we have a double discount situation, with OCN at a discount and Hansa at a bigger discount. LOTM - spelling 'their' as 'there' is not good!
varies: galeforce Somewhere in the annual report we are told how the directors decide on the dividend. If Wilson Sons reduces its dividend, then presumably OCN will too.
varies: galeforce1 I have held shares for over 30 years and I suppose my average cost is about 40p. OCN is controlled by the descendants of Walter Salomon, a banker from Hamburg who came over to London, I believe, in the 1930's. He also controlled Rea Bros (merchant bankers)amongst other companies. He died many years ago and I believe that his son and son-in-law must now be their seventies. I believe that their children are now in control but you could check on the Hansa Trust web-site. I I rember rightly, the family hold about 25% of OCN directly and about 25% more through Hansa Trust where they have a majority of the voting shares. In the past the investment management business of OCN was very successful indeed but this was then delegated to others whose collective performance has been very moderate. I believe that the family will sell out at some point but this may not happen in my lifetime. I did think that this was about to happen when discussions about the future of the Brazilian business were announced 9 months ago and much regret not selling some of my shares then. In short I regard this as a long-term holding with a decent yield.
galeforce1: Big drop in the share price here last week on slightly disappointing interim results. Revenues and profits are lower in the marine services part of the business. The container terminals seem to be doing OK. There's so much to like about OCN - no debt, lots of cash, modest valuation, great dividend. But it hasn't been a particularly successful investment for me so far. Would be interesting to hear anyone else's view on OCN's prospects. Is OCN's problem basically short term or something more serious and long term?
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