Ocean Wilsons (holdings)... Share Discussion Threads

[angus duncan] 23/9/2009 19:30

slapdash, do a search of wilson and sons br for brazil which is where most of the info is.

You will find Ocean Wilsons holdings undervalued and trading at a big discount to NAV.

The other thing to note is the amount of money that is being invested in the Brazilian operation and has been for a number of years now.

I don't know many other shares where so much of the profits are re-invested in the business to the same degree as here.

Possible one of the best long term investments around at the moment. Although I would prefer to hold shares in the sub than the parent company were it not for the discount as I don't think paying someone else to invest money in investment trusts etc is a good investment, paying fees on fees if you know what I mean.

[muangsing] 23/9/2009 19:20

slapdash

look at

www.wilsonsons.com.br

regards

[slapdash] 23/9/2009 19:04

anyone know lots about Wilson Sons Ltd and what their operations etc are like??? Or where I can research them???? Slap

[piedro] 23/9/2009 13:41

Wilson Sons Ltd have still to reach their April 07 high of R28.10

[davebowler] 23/9/2009 13:28

Yes, you are right

[muangsing] 23/9/2009 12:57

Slightly less absurd

Maybe I should start doing this every day lol

Ocean Wilson STAKE in Wilson Holdings at R25.11 is worth £354m approx

The market cap of Ocean Wilson is £281m approx

Additionally Ocean Wilson has £140m approx in cash and investments and no debt

Regards

[muangsing] 22/9/2009 15:12

This is getting absurd

Ocean Wilsons STAKE in Wilson Holdings at a price of R24.85 is worth £350m approx

The market cap of Ocean Wilson is £275m approx

Additionally Ocean Wilson has £140m in cash and investments and no debt.

Mmmmmmm

Regards

[piedro] 17/9/2009 15:47

... that's quite some movement !

[davebowler] 17/9/2009 14:37

Wilsons now at an 18 month high I think;

[piedro] 17/9/2009 14:30

Lauritzen joins the Brazilian oil bonanza
Wednesday 16. september 2009 11:53
DENMARK/BRAZIL: The Danish shipping group J. Lauritzen has seen the potential in the large Brazilian oil discoveries, and the new business area, Lauritzen Offshore Services, which operates a modern offshore fleet, shall utelise the Brazilian potential.
J. Lauritzen is now entering into the offshore market where its Danish big brother Maersk has a long histor, Danish daily Borsen reports.
The Company has already secured a shuttle tanker contract worth DKK 1.5 billion with the partly state-owned Brazilian oil company Petrobras.
The Danish company will invest DKK 3 billion in the new business segment over the next 5 years. Lauritzen Offshore Services was established in 2007.
"Brazil seems to be one of the countries where there really are some large oil reserves, which are all located in deep water. Therefore, it is exciting that we have got contracts to serve Petrobras," says top executive Torben Janholt to Borsen. ... ... ...


... and are Wilsons getting any Petrobras business?

[piedro] 21/8/2009 12:51

Petrobras Announces Oil Discovery in the Campos Basin
Friday, Aug 21, 2009
PETRÓLEO BRASILEIRO S/A - PETROBRAS, announces a new oil discovery in carbonate reservoirs in the Campos Basin post-salt layer. ... ... ...

[piedro] 21/8/2009 12:33

old article but shows that work is under way .....

Petrobras Focuses on Costs Ahead of Rig, Platform Tenders
by Jeff Fick|Dow Jones Newswires|Tuesday, June 30, 2009
RIO DE JANEIRO (Dow Jones Newswires), Jun. 30, 2009
Brazilian state-run energy giant Petrobras continues to take a hard line on cost cuts as it prepares to launch tenders for drilling rigs and production platforms. .... .... ....

[piedro] 14/8/2009 12:29

Thank you, my mistake ...

Equity holders equity = US$ 460.1m --> US$ 13.0/share

[davebowler] 14/8/2009 12:11

$11.49 Wilsons plus $6.49 portfolio value comes close to this figure.

[grgkecer] 14/8/2009 11:54

What about the minority shareholders? NAV is US$13 as stated.

[piedro] 14/8/2009 11:40

Total Equity = US$ 620.1m
Nº shares... = 35,363,040
.... ---> .... US$ 17.5/share

[davebowler] 14/8/2009 10:13

Wilsons

At the close of business on the 12 August 2009, the Wilson Sons share price was Real 18.20 resulting in a market value for the Ocean Wilsons holding of 41,444,000 shares (58.25% of Wilson Sons) of approximately US$409.9 million which is the equivalent to US$11.59 per Ocean Wilsons Holdings Limited share.

Balance sheet

Net assets at 30 June 2009 (excluding minority interests) increased US$35.5 million to US$ 460.1 million (31 December 2008: US$ 424.6 million) reflecting the strong profit performance and appreciation of the Real. This is the equivalent of US$ 13.01 per share (31 December 2008: US$ 12.01). At 30 June 2009 the investment portfolio including cash under management amounted to US$228.3 million. This is the equivalent of US$ 6.46 per share

[davebowler] 14/8/2009 10:08

Group profit before tax increased US$23.3 million to US$75.4 million (2008: US$ 52.1 million) benefitting from the higher operating profit and investment portfolio gains.




The higher Profit before tax is reflected in improved earnings per share based on ordinary activities after taxation and minority interests of 109.3 cents (2008: 63.5 cents).

[piedro] 13/8/2009 10:42

Thank you.

[m.t.glass] 13/8/2009 10:30

Header chart array reduced.

[piedro] 13/8/2009 10:11

Wilson Sons Limited anticipates the announcement of its 2Q09 and 1H09 Results
Second Quarter 2009 and First Half 2009 Earnings Results
Release date on August 13, 2009 (Thursday) - after trading session at the BM&FBovespa
Information filed also available at Wilson, Sons' Investor Relations website: www.wilsonsons.com/ir
Conference Calls - August 18, 2009

[m.t.glass] 13/8/2009 10:11

Yep. Will do so shortly

[piedro] 13/8/2009 10:06

MTG -

Can you simplify the charts in the header - rather a lot of bulk for such a slow plodder.
Information on this company is hard to come by.