Ocean Wilsons (holdings)... Share Discussion Threads

[muangsing] 15/10/2009 07:42

Dividend?

Have other holders received their dividend due 25 September?

I'm with Barclays who tend to be slow with dividends but I haven't received yet

Regards

[muangsing] 09/10/2009 15:18

Br0ker

mmmmm

Which balance sheet to which market cap?

[br0ker] 09/10/2009 14:14

Have you compared the balance sheet to the market cap? What did you find?

[muangsing] 09/10/2009 12:57

Piedro

Thanks for the postings.

Prima facie Brazilian built and/or Brazilian operated has to be good news for Ocean Wilson

Also it can't do any harm to be the largest tug boat operator in Brazil, especially when the oil begins to flow.

Regards

[piedro] 09/10/2009 09:55

Sorry to keep going on ...
I'm trying to evaluate the significance of the offshore business .... thinking out loud ....

Deep Sea Supply enters the attractive Brazilian market


Thursday 8. oktober 2009 09:32
NORWAY/BRAZIL: Deep Sea Supply has signed a contract to build a Platform Supply Vessel (PSV) at STX Brazil Offshore SA in Rio. In Brazil, the demand for offshore supply vessels is large and expected to grow considerably in the years to come.
Offshore supply vessels built in Brazil are given priority ahead of international vessels when tendering for long term employment in Brazil. This should provide good opportunities for securing long term charters for the new vessel.
The vessel is a large Platform Supply Vessel of 4,700 dwt of design STX Europe design PSV 09 CD built for Brazilian pre-salt exploration challenges. The STX Europe yard in Rio is one of the few yards in Brazil with a proven track record in building offshore supply vessels, and Deep Sea Supply has secured the earliest available delivery slot for this type of vessel at the yard. ... ...

[piedro] 08/10/2009 00:57

2 Petrobras presentations ......

Oil Industry in Brazil


Strategic Plan 2009-2013

[piedro] 07/10/2009 23:01

... and they build vessels for them ...

14 March 2008
OCEAN WILSON HOLDINGS LIMITED announces that its subsidiary Wilson Sons Comercio Industria e Agencia de Navegacao Ltda. has started construction of four PSVs (Platform Supply Vessels) for Magallanes de Navegacao S/A, three vessels are PSV-3000 and one is a PSV-4500.
The total contracted value is approximately US$ 100 million. The contracts are
forecast to be completed by the beginning of 2011.

... and charter from them ...
14 August - Interim Statement
... In early 2Q09, PSV Petrel, owned by Magallanes and chartered by Wilson, Sons, became fully operational.

[piedro] 07/10/2009 22:15

... the previous announcement .....

RNS Number : 8812H
11 November 2008
Our principal operating subsidiary, Wilson Sons Limited announced to the Brazilian and Luxembourg Stock Exchanges the following announcement.
In full compliance with CVM Instruction Number 358, effective as of January 03, 2002, WILSON SONS LIMITED (Bovespa: WSON11) announces to all of the Company's shareholders that negotiations with MAGALLANES NAVEGAÇÃO BRASILEIRA S.A., owned by the Ultratug Group, are currently in their final stages for the creation of a joint venture to operate vessels to support oil and gas exploration and production activities ('Offshore Operations').
The scope of the agreement features the merger of their offshore operations in Brazil into a 50/50 joint venture, which is set to include, initially, OSVs (Offshore Support Vessels) currently under construction, as well as OSVs in operation by the Ultratug Group and by Wilson, Sons.
The main objective of the agreement is to expand both companies' operations in the offshore segment, thereby achieving gains of scale, while also taking advantage of growth opportunities in Brazil's oil and gas industry.

[piedro] 07/10/2009 22:10

RNS Number : 3981A
07 October 2009
Ocean Wilsons Holdings LIMITED
Our principal operating subsidiary, Wilson Sons Limited released the following announcement to the Brazilian and Luxembourg stock exchanges.
In full compliance with CVM Instruction Number 358, effective as of January 03, 2002, WILSON SONS LIMITED (BM&FBovespa: WSON11, the 'Company') announces to all its shareholders the signing of a joint venture agreement, effective as of October 5th, 2009, by and between Wilson, Sons de Administração e Comércio Ltda. and VIS Limited, both the Company's subsidiaries, and Remolcadores Ultratug Ltda., owned by Chile's Ultratug Group.
The joint venture vehicle named Wilson, Sons Ultratug Participações S.A. ('Wilson Sons Ultratug') will be a 50/50 company set up between the Wilson, Sons and Ultratug groups, in accordance with the previously announced Relevant Fact Notice, dated November 10th, 2008.
Wilson Sons Ultratug's line of business is to operate vessels to support oil and gas exploration and production activities in Brazil. The main objective of the joint venture is to expand both groups' operations in the offshore segment, thereby achieving gains of scale, while also taking advantage of growth opportunities in Brazil's oil and gas industry.
The closing of the joint venture is subject to certain conditions including further approvals by the competent authorities.

[piedro] 01/10/2009 21:23

M.T.Glass - 30 Sep'09 - 20:12 - 594 of 596
'slapdash/piedro - posted that chart link for the moment (is it self updating?)'>

... updated to 30 Sept / market not yet closed in Brazil for the 01 Oct result.

[piedro] 01/10/2009 21:13

... irrelevant ...!

Deep Sea Supply AHTS charter rates slide 9% in September



Thursday 1. oktober 2009 10:45
NORWAY: In September 2009 Deep Sea Supply`s AHTS fleet (all 13 AHTS Vessels) had an average gross income of approximately USD 24,900 per ship per day compared to USD 27,500 in August.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

WSON mention having 3 vessels - Albatroz, Gaivota & Fragata - (on their website)

[piedro] 30/9/2009 21:33

There are plenty of pictures on the Wilson site.

[m.t.glass] 30/9/2009 20:12

slapdash/piedro - posted that chart link for the moment (is it self updating?)

[taylor20] 30/9/2009 19:18

That's a fair reason!

[muangsing] 30/9/2009 16:07

taylor20

But sterling has devalued significantly re the brazilian real since may 2007. (I don't have the % to hand)

Hence the discount is now significantly higher

Regards

[taylor20] 30/9/2009 15:20

What is likely to trigger a re-rating though? Does anyone know why this discount exist? If the reason for the discount has not gone away then the market is unlikely to re-rate the shares is it?

The Bloomberg chart only goes back as far as May 2007 when the price of WSON was around 23, at which time OCN was approx 800. Currently the price of WSON is around 23 and OCN is now approx 800, so historically OCN seems to be trading at its 'usual' discount (I'll admit, in this case 'usual' seems to mean 'unusual').

[davebowler] 30/9/2009 14:25

Here is the Wilsons chart;

[piedro] 29/9/2009 19:48

slap - M.T.Glass is the man for the job. If he does not look in in the next couple of days, he can be found over at TAN.

[slapdash] 29/9/2009 15:55

can someone post wilsong holdings price please... not sure why it isn't in the header permanently.... Slap

[piedro] 25/9/2009 12:03

db - I'm a shareholder and am by no means irritated with OCN.
On the contrary, I rest content in the knowledge that one day the market will acknowledge the true value.

[davebowler] 25/9/2009 11:44

Since June those investments would have risen by at least 5% if they had lagged
the FTSE so we could estimate NAV at £347m (Wilsons) plus £147m (Investments) = £494m putting Ocean's discount to NAV at a juicy (yet irritating for shareholders) 43%

[muangsing] 24/9/2009 18:14

LAST POST

Ocean Wilson STAKE in Wilson Holdings at R24.6 worth £347m approx

Market cap of Ocean Wilson is £286m approx

At 30 June 2009 Ocean Wilson additionally had £140m in cash and investments with no debt

Regards

[davebowler] 24/9/2009 10:14

I have just worked out that if you buy £100 worth of Hansa shares (HAN) which has 35% of its portfolio in Ocean, you get £48 worth of Wilsons shares due to the two discounts to asset value of Hansa-c10% and Oceans discount to its Wilson's holding -c.21%

[rambutan2] 23/9/2009 23:51

a few odds and sods i came across:

Wilson Sons and Ultratug for new offshore joint venture
News - December 23, 2008

Seabrokers reports that two of South America's best known shipping companies are to form a 50:50 joint venture to operate offshore support vessels in Brazil.

Chilean tug owner Ultratug is joining forces with Brazil's Wilson Sons creating a US$1 billon business aimed at maximising opportunities from the anticipated boom in demand for offshore
tonnage.

Currently Ultratug own one 1985-built vessel and have four vessels on order which are due for completion by 2011.

Wilson Sons have five offshore vessels with two newbuilds on order.

Seabroker said the new JV has finance in place for 13 additional PSVs and AHTS which will be converted into firm orders on the back of firm contracts, not least the outstanding Petrobras tender, the outcome of which is eagerly awaited.


and 8 months later...

Wilson, Sons UltraTug Offshore, a joint venture between the Wilson, Sons Group and Magallanes Navegação Brasileira, has concluded the construction of the PSV Skua. With investments of some US$ 25 million, the boat was the second supplied by the joint venture and leased by Petrobras.

The PSV has capacity for up to 3,000 tons of cargo and uses a diesel-electric propulsion system that reduces fuel consumption. Built at the Wilson, Sons yard in Guarujá (São Paulo), the vessel's local content index was 60%, substantially higher than other PSVs built in the country.






and this investor analysis from june 08...