Ocean Wilsons (holdings)... Share Discussion Threads

[simon gordon] 02/12/2010 18:24

2/12/10:

Ocean Wilsons started with buy recommendation at Seymour Pierce, target price 1900p.

[marknicho] 02/12/2010 16:46

Its about time we got some coverage. Its so overlooked this one.

[nellie1973] 02/12/2010 10:50

Broker upgrade today

[m.t.glass] 25/11/2010 10:33

Hi AAA. No, not totally in EV and TAN. I've hosted over 200 threads, and this one predates those two ;o)

UEM looks kind-of OK, as utility-related stocks go - though not really the kind of stock I would go for until it again does what it did in mid-August - when it broke past its mid-May high, then retested it as support, then broke past that 139p level

[hawks11] 18/11/2010 13:50

A nice write up here, wish I had seen it 12 months ago:

[deadly] 15/11/2010 17:56

Nice IMS today. 19% increase in earnings and NAV about £17.50 so trades at a significant discount. Very cheap.

[piedro] 04/11/2010 16:16

Wilson Sons Limited announces schedule of earnings activities for 3Q10 Results
3Q10 Earnings Results
Release date on November 12, 2010 (Friday) - after close of trading on the BM&FBovespa
Information filed also available at Wilson, Sons' Investor Relations website: www.wilsonsons.com.br/ir/
Conference Calls - November 18, 2010

[piedro] 29/10/2010 09:21

PRESS RELEASE
Rio de Janeiro, Brazil, October 28, 2010.
Wilson Sons Limited (BM&FBovespa: WSON11) announces to all its shareholders the delivery of 2 ship-to-shore (STS) and 4 rubber-tyre gantry (RTG) cranes for its TECON Rio Grande container port facility. The equipment, valued at USD 20 million, forms part of the Company's ongoing commitment to increase capacity and improve efficiency across all its Brazilian port infrastructure assets. The equipment, along with recent improvements to the quay, now measuring 900m, will greatly improve the efficiency of service enhancing simultaneous load and unload of up to three Post-panamax ships. The equipment, which was 85% financed with The Export-Import Bank of China, was purchased from the Chinese producer Shanghai Zhenhua Heavy Industries (ZPMC).
The STS cranes have each 50 tons capacity and can reach up to 22 container rows wide, making them the largest in operation, capable of use on the largest ships in the world. The RTG cranes utilize a method to store regenerated energy from the crane and reuse it during the peak power demand. The use of the regenerated energy greatly reduces the crane's fuel consumption, thereby reducing the cost of operation. It also reduces stress on the generator, increasing the life of the RTG machines and decreasing the frequency of maintenance.
This represents an important investment in the development of the future of trade capacity for the entire South of Brazil. The port of Rio Grande is the second largest Brazilian port. This investment in TECON Rio Grande is aimed at facilitating its growth as a container hub port bringing together deep sea, cabotage and transhipment volumes for the country and its South American neighbours. TECON Rio Grande exported cargos include frozen poultry and meats, tobacco, rice, chemical resins, manufactured consumer goods and cellulose, all contributing significantly to jobs created in the region. The TECON Rio Grande facility also handles inward movement of large equipment cargoes which facilitate agricultural and industrial development in the region. The Government's "Plano Geral de Outorgas" (PGO) study for port sector forecasts container demand in Rio Grande increasing to 1.86 million TEU´s (Containers of twenty foot equivalent units) in 2023.

[pldazzle] 07/10/2010 06:53

To add some flesh to this:

[piedro] 06/10/2010 11:52

Wilson, Sons Announces Christening Of PSV Talha-Mar, The 10th In Our Fleet Of Offshore Support Vessels
RIO DE JANEIRO, Oct. 5 /PRNewswire/ - Wilson Sons Limited ("Wilson, Sons" or the "Company"), traded at the BM&FBovespa under ticker symbol "WSON11″, announces christening of PSV Talha-Mar, the 10th in our fleet of offshore support vessels.
The ship was constructed in the Wilson, Sons Shipyard in Guaruja and delivered to Wilson, Sons Ultratug Offshore (WSUT) in which Wilson, Sons has a 50% interest. The vessel will operate on the spot market before entering service under an eight year contract, with Petrobras in February 2011. Talha-Mar is an offshore support vessel (OSV) that will form part of an expected fleet of 24 that WSUT plans for operation by 2015.
Talha-Mar was christened at the Wilson, Sons Ponta d'Areia vessel support site in Niteroi (RJ). The vessel specification is 87.4 m length, 16 m width, draft of 5.95 m, 4,500 deadweight tones and speed of 15 knots. The vessel was built with technological and design input of Damen and financing of the BNDES as agent for Merchant Marine Fund (FMM).
The WSUT strategy is to build vessels to attend the demand from national and international oil companies operating in Brazil. According to the Petrobras strategic plan, they require 250 new chartered OSV's by 2020 to fulfill their exploration and production of pre-salt and post-salt reserves.

[piedro] 06/10/2010 10:25

MTG

Well done - excellent timing.

[piedro] 29/9/2010 20:40

... double the fleet and get paid for the building.
The jv is 50/50 so only increasing their share 25% but great potential.

[m.t.glass] 29/9/2010 16:07

Piedro - the price jumped on this afternoon's UK RNS of that news. It was nice having time in between to buy. Unfortunately IG Index would not take any new upbets!

[m.t.glass] 29/9/2010 09:56

piedro - thanks for your frequent input here. Much appreciated.

[piedro] 29/9/2010 07:58

PRESS RELEASE
Rio de Janeiro, Brazil, September 28, 2010.
Wilson Sons Limited announces the signing of a US$ 670 million Financing Agreement.
The Financing Agreement is between a subsidiary of the Wilson, Sons Ultratug Offshore joint venture and BNDES as agent for the Fundo da Marinha Mercante (FMM). The priority approval from FMM was granted on 9 October 2008. The 18-year financing includes a three year repayment grace period and is intended for the construction of 13 Offshore Support Vessels (OSV's), to be constructed in the Wilson, Sons' Shipyards.
The 13 vessels are expected to be delivered between early 2011 and 2015 increasing the joint venture fleet to 24 vessels. Construction has already commenced on three of the vessels.
The joint venture strategy is to build an appropriate mix of vessels to attend the demand from national and international oil companies operating in Brazil. According to the Petrobras strategic plan, they alone require 250 new chartered OSV's by 2020 to fulfill their exploration and production of pre-salt and post-salt reserves.
www.wilsonsons.com.br/ri

[rambutan2] 17/9/2010 00:45

Of general interest...

[davebowler] 16/9/2010 15:47

Yes, UEM beats HAN over three months too.I take your point about its minimal holding in OCN, though!

[deadly] 10/9/2010 10:03

"UEM has been better than HAN as an investment over the last three years"

Look at more recent charts!

UEM's % in OCN is negligible campared to HANA.

[piedro] 03/9/2010 09:40

RELEVANT FACT NOTICE
Rio de Janeiro, Brazil, September 2nd, 2010.
Wilson Sons Limited (BM&FBovespa: WSON11, the "Company") announces to all its shareholders the signing of the amendment to the TECON Salvador lease contract with the Companhia das Docas do Estado da Bahia (CODEBA), effective as of September 2nd, 2010. The amendment to the TECON Salvador lease contract referenced in the Material Fact released on August 9th, 2010, contemplates the extension into the area called "Ponta Norte" of Salvador's Port, adjacent to TECON Salvador. The "Ponta Norte" area includes an additional quay of 167m and retro-area of 44,000m². The amendment to the TECON Salvador lease contract includes a down-payment to CODEBA of R$25 million (twenty five million Reais) with monthly rental price based on the new area and a price per-container or cargo movement consistent with the original TECON Salvador lease contract.
Wilson, Sons history of contribution to the development of Brazilian maritime trade in the city of Salvador dates back more than 173 years with the formation of the company. The expansion represents an important investment in the development of the future of trade capacity for Salvador, Bahia and the Northeast of Brazil. This expansion together with public dredging of the access channel from 12 to 15 meters, will allow the efficient access of Post-panamax ships that can measure in excess of 300 metres in length and are capable of transporting up to 9,000 TEUs at a time. The public dredging is expected to be completed by the end of the year. Additionally, the planned new expressway connecting the federal highway BR-324 to the Port of Salvador will further facilitate cargo movement for TECON Salvador and surrounding area.
Now in its 11th year of operation, TECON Salvador has grown considerably to handle 232,000 TEUs in 2009 and employ staff of 520 people. The main products handled in the terminal are petrochemicals, rubber, tires, cellulose, fruits and automotive parts. Europe, USA, and China are the destinations for the majority of the exported product.
With estimated population of nearly 14 million inhabitants, Bahia has gross domestic product (GDP) of R$110 billion (one hundred and ten billion Reais) making it the sixth largest Brazilian state economy, based on GDP data from the 2007 Regional Accounts Report, published by the Brazilian Institute of Geography and Statistics
www.wilsonsons.com.br/ir

[davebowler] 01/9/2010 14:42

UEM has been better than HAN as an investment over the last three years.

[deadly] 01/9/2010 14:36

The discount won't close over the next few days or even weeks, but if you are holding for longer there is every chance - after all it was under 5% before 2009

[m.t.glass] 28/8/2010 00:34

"but you pay 15% less than you would directly"

You also get 15% less when you sell - unless the discount closes, which it hasn't done. So no advantage surely.

[deadly] 27/8/2010 23:11

westcountryboy

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

That exactly what HAN/HANA does, but you pay 15% less than you would directly! So it is a better deal.

There are some costs of running the IT, but if you think you can do better than them in investing, good luck - they've been very good previously.