Share Name Share Symbol Market Type Share ISIN Share Description
Ocean Wilsons (holdings) Ld LSE:OCN London Ordinary Share BMG6699D1074 ORD 20P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 810.00p 800.00p 820.00p 810.00p 810.00p 810.00p 8,027 07:43:20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 360.9 47.2 29.5 28.0 286

Ocean Wilsons (holdings)... Share Discussion Threads

Showing 1251 to 1274 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
03/10/2017
13:14
LOTM - you raise valid points but I think your overall slant is unduly bearish. Brazil is just exiting a two year downturn. Wilson Sons has a very inexpensive P/E rating and offers a good dividend. Container terminal and tugboat demand are the two two key drivers and are linked to Brazil's economic recovery. Wilson Sons recently held an investor day and is optimistic about container terminal and tugboat demand. Wilson Sons is the leading tugboat business in Brazil. At the end of the day the forecast Wilson Sons P/E is 10.7X for 2018 with a 4.7% yield and 9.6X in 2019 with a 5.2% yield. Borrowing is at a very low rate of interest. EBITDA is expected to cover interest 28X in 2017 and net debt to EBITDA is expected to be 1.5X. In my view, you are focusing on a small part of the business to extrapolate an unwarranted bearish case.
trytotakeiteasy
03/10/2017
13:07
WSON33 share price in on new multi year highs and yet OCN lags £3 below highs and is at a 35% discount to a SOTP valuation, which is at the higher end of its range. Growth should come from an improvement in the brazilian economy and an improvement in ports capacity and efficiency.
flyfisher
28/9/2017
00:36
Trytotakeiteasy, Where's the future growth coming from ? Tecon Salvador, has legal issues to get over before it can expand any further. There's no sign of them buying up or even trying to buy up / start up another container terminal. Towage has little room for growth at the moment. Ship building is doing very little, as is bonded warehousing. All that debt has to be repaid on the PSV fleet & $100M plus invested in oil & gas and doing nothing with a ticking time limit is another noose around the company. The numbers you refer to are low, but always will be, there's not that many oil & gas players in the first place. Yes it was a small share in 2016 because day rates and margins everywhere else in the sector were being squeezed, but that's the sector they pinned there hopes on for real growth in the coming years and its now going to be delayed considerably. Yes flyfisher the recent rise in the WSON33 share price is strange when you take into account all of the above. LOTM
last of the mohicans
27/9/2017
12:27
Last of the Mohicans - I meant not significant relevant to the current drivers of total profit for Wilson Sons. Only 17% of clients are related to offshore support. Only 17% of 2016 EBITDA was driven by the offshore Vessels JV. See slides 5 and slides 27 below: http://ri.wilsonsons.com.br/ShowApresentacao/Institutional-Presentation---September-2017?=X9CE16iBDgaVZhXpOB9MFw== The reality is that the business is driven by towage and container terminal ports. Both areas made up 78% of 2016 total EBITDA. With Brazil's economy recovering and trade on a growing global trend the backdrop is positive for Wilson Sons.
trytotakeiteasy
27/9/2017
12:12
Fair point LOTM, but a greater issue was announced with the Q1 results of WSON33, with the Brazilian Federal Government having lifted the payroll tax exemption from 1 July 2017, with a net EBITDA impact of approx US$5.8M. Rather surprisingly in light of that announcement, the wson33 share price has shrugged it off and been very firm, having increased by over 20% in recent weeks. With hindsight, the company went into the O&G j/v at the top of the cycle and is getting no return for it.
flyfisher
27/9/2017
04:39
It's much more significant than most of you are realising. The company invested a lot of money building the 2nd oil & gas facilities of BRASCO (cost $44M to buy + assumed debts of $14.5M for the 30 year lease see 2013 annual report). Can't find the exact cost yet but it made up a good chunk of the $100M of capex in 2014 (probably close to $45M) to build the berths etc. Then there is the $257M of debt for the 50/50 joint venture that owns the PSV fleet. So if there sitting idle a total waste of assets that constantly depreciate in value. LOTM
last of the mohicans
26/9/2017
20:36
Not good news, but hopefully not too significant.
topvest
26/9/2017
11:02
Not really sure this has much impact at all. This part of the business isn't a significant contributor to Wilson Sons profits. The main drivers are tugboats (towage) and the container terminal ports. The majority of Wilson Sons clients are trade related rather than in energy.
trytotakeiteasy
26/9/2017
07:39
Looks as though knock on effect from low oil prices/Petrobras/ ? Braziilian politics Potentially not good for share price - Alredy marked down before market opens https://www.investegate.co.uk/ocean-wilsons-hldgs--ocn-/rns/wilson-sons-limited--psv-contract-negotiations/201709260700077741R/
pugugly
30/8/2017
12:55
OCN's Interim statement (issued August 9th) for the 6 months to end of June looks encouraging. Am surprised the share price hasn't seen more a pop. An opportunity, I think, and I've beed adding. Looks like good value. 35% discount to NAV. Container ports much busier. Brazilian maritime logistics generally picking up. If the divi rises from this years $63cents to maybe $70cents that's a 5% yield. http://otp.investis.com/clients/uk/ocean_wilsons/rns_teaser/regulatory-story.aspx?cid=1632&newsid=899853
galeforce1
21/8/2017
18:36
Piedro & LOM - Many thanks for your input - OW is a long term holding for me as a play on Brazil PLUS of course the discount which might at sometime narrow.
pugugly
21/8/2017
15:14
Video of Piedro's story hTTps://www.youtube.com/watch?v=9-TPFIR89LE News story link hTTp://maritimebulletin.net/2017/08/12/45-containers-fell-from-container-ship-cargo-looted-brazil/ Piedro I remember when Ocean Wilson's used to have its own dredge, then sold it to used in the USA because no-one wanted dredging done in Brazil for over 2 years !!! The tighter things are manovering ships the more Tugs will be required to do the job, more $$$ for the company. LOTM
last of the mohicans
21/8/2017
12:46
That silting has been a problem for many years hence the queue of waiting vessels. More of a problem is getting the channel dredged and last week 50+ containers got dropped into the water due to freak wave. Many Brazilian ports require permanent dredging and some in the south were shut last week due to rough water caused by heavy rains.
piedro
21/8/2017
07:55
FT Today "Silting in the port of Santos .. .. is forcing ships to carry 220 containers less per vessel to avoid the risk of grounding" Not sure if any implications .
pugugly
15/8/2017
21:00
hTTps://www.wilsonsons.com.br/noticia/tecon-rio-grande-bate-recorde-de-produtividade 09/8/2017 - Tecon Rio Grande sets productivity record Tecon Rio Grande, the container terminal of the Wilson Sons Group, registered a historic record of productivity in port operations in July. On July 25, 140 movements per hour were made during the operation of the Monte Tamaro ship, on the East Coast line of North America. This record was obtained with an average use of 3.32 STS (Super Post Panamax Ship to Shore), equipment responsible for the movement of containers between the ship and the yard. Each STS obtained an average productivity of 29.98 movements per hour. This is the second record recorded in the month. The first occurred with the ship Monte Aconcágua, on July 11, when 122.18 movements per hour were made. The highest result so far was 121.04 movements / hour, registered in August 2012, with the ship Maersk Lima, In operation that used five STS cranes. Among the main factors that contributed to the increase in productivity are the commitment and constant training of the team, the start of the operation of three new STSs and eight RTGs (Rubber Tire Gantry Cranes used in moving the containers in the yard), The acquisition of new patio tractors (trucks) and the implementation of the new Navis N4 system. "With the acquisition of new cranes and technology, an investment of R $ 146 million, Tecon Rio Grande has consolidated itself as one of the best containers terminals in the country's supply of equipment, with nine STS and 22 RTG, capable of serving the largest Ships that climb the Brazilian ports, "says Paulo Bertinetti, director-president of the terminal. Among the main factors that contributed to the increase in productivity are the commitment and constant training of the team, the start of the operation of three new STSs and eight RTGs (Rubber Tire Gantry Cranes used in the movement of the containers in the yard), The acquisition of new patio tractors (trucks) and the implementation of the new Navis N4 system. LOTM
last of the mohicans
13/6/2017
10:33
Edison investment search Ocean Wilsons Holdings Wilson Sons’ Q1 shows further resilience 13 June 2017 Ocean Wilsons Holdings, Update, Investment companies hTTp://www.edisoninvestmentresearch.com/research/report/ocean-wilsons-holdings3/full
piedro
23/5/2017
15:40
Hyundai Loyalty to call at Tecon Rio Grande tomorrow 339.62mts x 45.67mts
piedro
16/5/2017
08:25
With the WILSONS share price having risen in brazil and a gain in the investment portfolio during the first quarter it looks like a current SOTP valuation for OCN of 1662p, so at 1100p it currently trades at a 34% discount. Quite possible that the discount will narrow to the more normal 20%-25% range at which it has typically traded over recent years.
flyfisher
02/5/2017
15:53
Piedro - I can't quite figure this out as it seems to be a very technical legal dispute. The ports division is a reasonably large profit driver. Will have to see what happens long-term I guess.
trytotakeiteasy
29/4/2017
01:35
Well well well, I'm surprised the Company has not mentioned it,{re: #1213} ... Federal Judge determines suspension of work at the Port of Salvador but then ... Brazilian ports prep for general strike ... and it's Friday - Labour Day in Brazil Monday, so nothing ­± till Tuesday
piedro
14/4/2017
12:10
Translation: A preliminary court decision suspended the works to expand the container terminal at the port of Salvador. The decision was made by the judge of the Federal Regional Court of the 1st Region, João Paulo Pirôpo, who says that the work should only be feasible through a bidding process, which did not occur. The decision was signed on 6 April. The judge disputes the agreement to renew the concession of the port ... ... the company has 30 days to present documents related to the work. Tecon, which took over the management of the container terminal in 2000, said it has not yet been notified of the decision. EDITED: 17/04/2017 - left out the most important part Not noticed ??
piedro
12/4/2017
00:32
PRESS RELEASE Wilson Sons Limited (BM&FBovespa: WSON33) announces to its shareholders that it has become aware that the Federal Government of Brazil (União), Nacional Waterways Transport Agency (Antaq) and Bahia Port Company (CODEBA) are being officially notified by a Regional Federal Court of the decision requesting suspension of the works for expansion of Tecon Salvador. Wilson Sons Limited and its subsidiary Tecon Salvador S.A. are not included in the action and have not been indicted but the company will take all the necessary measures to ensure expansion of the terminal. ... oops !!
piedro
11/4/2017
22:35
PRESS RELEASE Wilson Sons Limited (BM&FBovespa: WSON33) announces to its shareholders that the shipyard subsidiary Wilson Sons Estaleiros Ltda has signed a contract to construct two azimuth tugboats for Saam Smit Towage do Brasil S.A. (“Saam Smit”), to be delivered within twenty months of payment of the first installment of each vessel. The vessels have a length of 24 metres and a beam of 11 metres with bollard pull of 70 tonnes. The tugboat project is designed by Damen Gorinchem Shipyards, who have been working with Wilson Sons in Brazil for more than 20 years. The Director of Wilson Sons Shipyards, Adalberto Souza confirmed "the signature of this contract reinforces the competitive offering that Wilson Sons has for the execution and delivery of quality of vessels, against a backdrop of the notably difficult moment for the Brazilian naval industry". The firm order book of the shipyard increases to 6 tugboat, being 4 for Saam Smit and another 2 for Wilson Sons Towage. Saam Smit has options for 2 more {the total was 6}
piedro
07/4/2017
22:56
07/04/2017 - Operational Data Offshore Vessel days down - Cormoran finished contract with Petrobras and now on the Spot Market Otherwise, Terminals and Towage improving, showing fruits of CAPEX AIMO
piedro
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
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