Ocean Wilsons (holdings)... Share Discussion Threads

[piedro] 26/8/2010 12:13

Investments - in the Brazilian container ports

APM invests in Brazil container terminal
20 August 2010Half the shares in Brasil Terminal Portuario, a new container terminal being built in Santos, have been acquired by APM Terminals
Terminal operator APM Terminals has plans, subject to regulatory approval, to acquire 50 per cent of the shares in Brasil Terminal Portuario (BTP), a new container terminal being built in Santos, Brazil. ... ... ...


Shipping Container Operator Santos Brasil Considers Funding for Expansion
By Carla Simoes - Aug 17, 2010 6:30 AM GMT-0400
Santos Brasil Participacoes, Brazil's largest shipping container operator, may issue bonds or sell shares to finance the company's expansion, Chief Executive Officer Antonio Carlos Sepulveda said.
"Depending on the size of the project, we aren't ruling out the possibility of raising capital in the stock market or leveraging through debt," Sepulveda said in a telephone interview from Sao Paulo on Aug. 13. ... ... ...

[westcountryboy] 23/8/2010 21:52

Sorry to labour the point, but I really don't understand what you are saying. If you want to invest in the long-term prospects for Brazilian trade and commerce, relatively safely, is there a better way than OCN, given that, as you say, it is at such a discount to its two major operations?

On the other hand, if you invest in HAN/HANA you are investing very largely in the market, minus the costs of an investment trust. And 15% discount is not a specacular bargain for an investment trust.

Here is another chart over three years. Note the performance of the FTSE 100 (UKX) and FTSE 250 (MCX). It seems clear to me that HAN/HANA are more correlated to them than to the performance of OCN.



Personally I prefer to invest in OCN directly, as part of a very diversified portfolio which also invests in other stuff!

My worry is not about the future of Brazil. My worry is whether the investment manager's cash pile will ever be invested wisely, and whether the market will ever value the company fairly.

[topvest] 23/8/2010 20:27

UEM aren't really a play on this, as it's just one of many investments. HANSA is a safer way to explore this company, as it 1. Is on a discount; 2. Ocean Wilson is also on a discount to its two major parts; and 3. 60% of its NAV is in other stuff.
It won't move as fast as Ocean Wilson but it's a reasonable way in.

[deadly] 23/8/2010 15:16

westcountyboy - for the reasons given above, and as HAN/HANA has and will always keep at least 30% in OCN, and also HAN had one of the best records of an IT over 1,3,5 years up to 2007 and I believe will do again.

[davebowler] 23/8/2010 11:15

UEM is also a good way in and ,recently, a very steady investment.

[cg1953] 22/8/2010 17:42

20 pounds here we come.

[westcountryboy] 22/8/2010 15:53

Why do you think that HAN/HANA are the best way to own these? They have seriously underperformed in recent years compared to OCN:



(Note that I have compared the three also with IEEM, the Emerging Markets ETF, which as you can see OCN has almost matched despite being saddled with all that cash!)

[topvest] 21/8/2010 21:12

Yes, I agree - Hansa Trust is a good way in.

[deadly] 21/8/2010 19:04

Strong break out these last few days. HAN and especially HANA the best way to own these which are 40% of their portfolio and they sit at 15% discount to NAV: a steal if ever there was one.

[mw8156] 16/8/2010 21:19

stake in wilsons more than covers the price and then they also have an investment portfolio of about 165m pounds...

[rambutan2] 16/8/2010 13:13

interims out and as always, a good read...

[piedro] 10/8/2010 10:26

Brazilian port authority ANTAQ says that from technical results and general opinion that the year 2010 indicates a clear recovery in the movement of cargo in the Brazilian ports, particularly in containers ... (rough translation)

Em pesquisas realizadas pelos técnicos da ANTAQ, é de opinião geral de que o ano de 2010 indica uma recuperação clara da movimentação de carga nos portos brasileiros, sobretudo quando se fala de carga conteinerizada.



BoletimPortuario1Trimestre2010

[piedro] 10/8/2010 09:46

WILSON SONS LIMITED - RELEVANT FACT NOTICE
Rio de Janeiro, Brazil, August 9, 2010
Wilson Sons Limited ("Wilson, Sons" or the "Company") (BM&FBovespa: WSON11) announces that, at a meeting held on August 3, 2010, and according to Resolution No. 1780 published in the Official Journal of the Union on August 6, 2010, the National Agency of Waterway Transportation (ANTAQ) approved the draft of an amendment to the TECON Salvador lease contract, forwarded by the Companhia das Docas do Estado da Bahia (CODEBA), contemplating the extension into the area called "Ponta Norte" of Salvador's Port, adjacent to TECON Salvador. ANTAQ, within the same Resolution, demanded from CODEBA a series of requirements related to the expansion of the aforementioned area.
The Company informs that it awaits CODEBA's notification as well as further clarification about its terms and conditions in order to define its position regarding the signing of the related contract amendment.

[piedro] 14/7/2010 08:21

NOTICE TO THE MARKET
Rio de Janeiro, July 13, 2010.
WILSON SONS LIMITED (BM&FBovespa: WSON11), announces that it has launched the tugboat REGULUS, which was built using state-of-the-art technology with azimuth thrusters that provide better manoeuvrability and greater efficiency. The vessel's specialized equipment is designed for ocean towage, fire fighting, salvage, and operations for the oil & gas industry. REGULUS, which was built at the Company´s own shipyard in Guarujá (SP), is joining our operational fleet of 72 vessels.
Wilson, Sons has the biggest tugboat fleet in South America, with presence at all major ports in Brazil. The construction of new tugboats is part of the Company´s strategy to increase and renew its fleet in order to meet the demand driven by growth in the oil and gas industry and international trade flow.

[davebowler] 16/6/2010 16:45

MFM Slater Oeic/U.T.


Largest holdings, 31-May-2010 Holding (%) Rank Prev Fund factsheet Equity factsheet
OCEAN WILSONS HLDGS 7.39 1 (3) - -
EDUCATION DEVELOPMENT INTL 7.37 2 (2) - *
CAPE PLC 7.35 3 (1) - *
HUTCHISON CHINA MEDITECH 5.15 4 (9) - -
ALLIANCE PHARMA 5.07 5 (4) - *
CITY OF LONDON INVESTMENT GROUP 4.17 6 (-) - *
BRITISH AMERICAN TOBACCO 4.14 7 (6) - *
GLAXOSMITHKLINE 3.60 8 (5) - *
AVANTI CAPITAL PLC 3.31 9 (7) * *
RSM TENON GROUP PLC 3.30 10 (8)

[davebowler] 16/6/2010 16:32

UEM is a good way into these.

[piedro] 01/6/2010 10:01

ANNOUNCEMENT
In 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 closing of the joint venture agreement, effective as of May 31st, 2010, between the Company, through two of its subsidiaries in Brazil, and Remolcadores Ultratug Ltda., a company owned by Chilean Group, Ultratug.
The joint venture vehicle named Wilson, Sons Ultratug Participações S.A. ("Wilson Sons Ultratug") is a 50/50 company set up between the Wilson, Sons and Ultratug groups, in accordance with the previously announced Relevant Fact Notices, dated November 10th, 2008 and October 6th, 2009.
For the subscription of its 50% share participation, the Company contributed with the shares issued by Wilson, Sons Offshore S. A., owner of the Company's offshore supply vessel's operations.
For the subscription of its 50% share participation, Ultratug disbursed USD 14.3 mn in cash and contributed with the shares issued by Magallanes Navagação Brasileira S. A., owner of the offshore supply vessel's operations of Ultratug in Brazil.
Wilson Sons Ultratug's line of business will be to own and 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.

Rio de Janeiro, May 31st, 2010.

[piedro] 17/5/2010 09:10

58.25% Wilson Sons.. = US$14.33 (£9.62) per OCN share
Investment Portfolio = US$ 6.98 (£4.67) per OCN share

Strong Real

[piedro] 16/5/2010 03:16

WILSON, SONS ANNOUNCES QUARTERLY RESULTS
REVENUES UP 17.2%, GROWTH IN ALL MAJOR SEGMENTS

[davebowler] 28/4/2010 16:37

If you click on top10 holdings OCN is no.2 (not a judgement,a statement!)

[piedro] 21/4/2010 11:08

... old news but seems to be in most of the maritime journals ....


[Photo courtesy WEG Electric Motors (UK) Ltd]

WEG Supplies New Fuel-Efficient PSV Petrel
Monday, April 19, 2010
WEG electric motors, generators, transformers, electrical switchboards and an automation system for energy management are all providing optimized operation on the first of a new generation of more fuel efficient cargo vessels built by Wilson Sons UltraTug Offshore, a joint venture between Wilson Sons and Magallane Navegação of São Paulo state in Brazil.
The PSV Petrel is equipped with diesel-electric propulsion, costing around $25m, and with a local build content approaching 60%, the vessel will operate for oil-major Petrobras, providing the capacity to transport up to 3,000 tons of cargo on each voyage. ... ... ...

[piedro] 25/3/2010 13:34

Wilson Sons
Q4 2009 Earnings Release

[rambutan2] 24/3/2010 16:40

Prelims out and pleasant.

[grgkecer] 05/3/2010 08:34

Paris, March 4, 2010,

BOURBON now owns 100% of the share capital of its subsidiary
Delba Maritima Navega�o and confirms its intention to continue its expansion
on the Brazilian market in offshore oil and gas marine services.

[grgkecer] 05/3/2010 06:43

STX Europe to Open New Shipyard in Brazil