Ocean Wilsons (holdings)... Share Discussion Threads

[varies] 17/7/2018 11:02

NTV
Thanks.
The interest in Wilson Sons is worth, if I remember rightly, about 70% of OCN's assets.
In the event of OCN selling this for cash and distributing most of the proceeds amongst us, we might well receive about £7 per share. I believe that UK shareholders would then be treated for CGT as having made a proportionate disposal.
For example a holder of 1,000 shares might receive £7,000 and retain shares worth £7,000 xc. If the cost of his shares was £500, then 7/14ths of this cost would be attributed to the cash distribution and 7/14ths to the shares retained. So his gain for CGT on the cash distribution would be £6,750.
We are, of course, a long way from such an outcome.

[ntv] 17/7/2018 10:30

i agree varies, i think it will be the chinese
CGT would only be payable if the whole company was bought and as no deal has been done yet i shouldn't worry
maybe they will pay a special dividend if a deal is done.
only thoughs close to the company will know.
if a only amount of the business is sold they probably only pay down debt imho

[varies] 17/7/2018 08:07

These container ports will certainly interest the Chinese who have, for example, built huge ports in Sri Lanka and, I believe, Somalia.
Whether the Brazilian government would let the Chinese buy them is another matter.

A large holding (say 30% ???) in Sociedad Quimica (SQM), a huge lithium mining company in Chile, became available last year and the Chilean government refused to let the Chinese buy this.

I have held OCN shares for over 30 years (bought at under 50p). I see from the graph that the share price peaked at £14 in 2011 but I believe we may now see a significant rise in our asset value. The Saloman family still control OCN, partly through Hansa Trust, and I have no idea what their intentions may be.
If Wilson Sons can be sold, then we might reasonably expect a distribution of the proceeds. There are likely to be substantial liabilities to Brazilian tax and, for many of us, to CGT.
I am holding on.

[flyfisher] 17/7/2018 07:49

Trying to sell the parts of the business where competition is increasing, ie container terminals and logistics. I recollect it closed some low margin logistics operations a few years ago.
Whether it can divest them is another matter. I see it as an admission of lack of potential in these divisions.

[flyfisher] 17/7/2018 07:43

wson33, will put the brazilian market quote on your monitor.

[ntv] 17/7/2018 07:16

galeforce1
have you got a link to the Brazilian share price
substantial value could be unlocked here

[galeforce1] 17/7/2018 07:00

Sounds to me like a decision to exit the container terminals business. I see that Wilsons is up 5% in Brazil.

[topvest] 17/7/2018 06:53

An interesting announcement indeed from Wilson Sons Limited, albeit their announcements always lack sufficient clarity in my view. Looks like a move to unlock shareholder value...are they talking about selling the whole business or just a part of it?

[galeforce1] 25/5/2018 09:17

There's often a dip at this time of year, when OCN has gone ex-dividend.

Perhaps the company should consider paying an interim and a final dividend, rather than paying the whole dividend once a year.

Personally I think this is a good share to hold log-term for income and capital growth. It's paying almost 5%, and it's a solid business that should continue to grow its profits.

The political backdrop in Brazil is always a bit worrying, but you can say that about some other countries I can think of - for instance the UK!

[podgyted] 25/5/2018 08:53

Sold out. EM, especially in South America seem to be having a torrid time at the moment. Lorry drivers strike in Brazil. Think we'll have another market correction which will impact the investment portfolio. So, don't think it's looking good for OCN at the moment.

Will probably be back at some time in the future.

Good Luck

[dozey3] 19/3/2018 08:00

Good results today:
“
José Francisco Gouvêa Vieira, Chairman of Ocean Wilsons, commented:"The Group delivered a strong performance in 2017 from both our Brazilian and investment portfolio businesses. Profit before tax for the year increased US$28.0 million to US$145.5 million compared to US$117.5 million principally due to strong gains from the investment portfolio and increased operating profit. Revenue for the full year grew 9% to US$496.3 million principally due to higher port terminal and logistics revenue."
And dividend up 11%. Has cemented its Place in my portfolio as immune to Brexit, probably Trump and Sterling.

[galeforce1] 16/2/2018 16:59

It's not a very liquid share, and the free float isn't that big. Less than 25,000 shares traded today.

Only takes a persistent seller to push the price down a few %, or a persistent buyer to push it up a few %.

These dips are usually a buying opportunity in OCN. There's certainly been no obvious bad news. The container port volumes report for Q4 was good.

But we'll know more when we see the preliminary results at the end of March.

[ntv] 16/2/2018 12:08

why the drop here, closed out flat but it is falling away
getting close to support

[wirralowl] 03/1/2018 12:15

One of Stockopedia's NAPS for 2018...

[ppreston1] 03/1/2018 09:50

Steady progress

[ppreston1] 28/12/2017 13:08

Looking better. Buyers are starting to return. Hopefully reached the bottom. Just bought a few more.

[ppreston1] 21/12/2017 10:32

There goes the 200 dma. No idea what's driving these down but getting pretty uncomfortable now. Cheap as chips based on broker estimates.

[topvest] 20/12/2017 20:57

Yes, I would guess at that being a good call. Think it will bounce soon.

[essential] 20/12/2017 17:07

Very high stockrank. Just bought in as around 200 dma - let's see if it gets support there

[galeforce1] 21/11/2017 15:58

Strange that this has had an almost 10% fall in the last week.
Wilson Sons share price looks quite strong in Brazil, so perhaps this is an opportunity to add.

[dozey3] 13/11/2017 12:12

Solid hold imo in any portfolio wishing to diversify away from Brexit, and interested in the healthy non-Sterling dividend.

[flyfisher] 13/11/2017 09:29

A good portfolio performance in Q3 and after the recent rise in the share price OCN still trades at a 25% discount to a SOTP valuation.

[last of the mohicans] 20/10/2017 03:07

17/10/2017 - Brazilian Terminal Upgrades TOS for More Megaship Traffic

The deal with Navis, a part of Cargotec Corporation, is part of a larger, multi-year investment in the latest infrastructure, technology and automation solutions for the terminal, enabling Tecon Salvador to optimize operations and support changing business requirements for larger ships and container volumes.

Located in the state of Bahia, Tecon Salvador is the leading dock operator in Northern Brazil, and the only terminal in the country with exclusive roadway access to the BR-324 highway, connecting trucks to the terminal without interference with city traffic, speeding up the cargo release time as a result.

Presently, the terminal handles 310,000 TEUs annually and averages approximately 60 moves per hour.

Demir Lourenço, Terminal Managing Director, Tecon Salvador, said: “Our goal is to offer the best possible service to our customers and the N4 terminal system was the only choice to help us achieve new levels of efficiency and productivity.

“N4 came highly recommended due to its success at some of the world’s leading container terminals.

"We are confident that its application here at Tecon Salvador will help solidify our position as one of the most modern facilities in Brazil.”

Chuck Schneider, Vice President and General Manager, Americas, said: “Like many other container terminals globally, Tecon Salvador is eager to demonstrate its commitment to the continuous improvement of its infrastructure, technology, people and processes in order to align with customer needs.

“The implementation of N4 delivers on this promise.

"We are proud to partner with Tecon Salvador on this undertaking and are confident that the terminal and its customers will soon see marked benefits with the new N4 system in place.”

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You could say its them following Tecon RG



05/5/2017 - Tecon Rio Grande upgrades to N4 TOS

The developments at the terminal in southern Brazil are expected to increase productivity by 45% according to the TOS provider.

The facility, which is a subsidiary of Wilson Sons Group, manages 98% of the containerised cargo that passes through the Port of Rio Grande.

With 24/7 operations, the terminal currently handles 720,000 teu annually with an average of 55.5 berth moves per hour.

Following the N4 implementation and acquisition of new equipment, Tecon RG is targeting an increase in moves per hour from 55.5 to 80 through the end of 2017 and then to 100 as of 2018.

The terminal recently acquired 11 new pieces of quay and yard equipment, and upgraded to N4 as part of its larger initiative to optimise operations.

Paulo Bertinetti, terminal executive president director at Tecon RG, said that the N4 project was part of the terminal’s modernisation, preparing it to deal with larger vessels and the “challenging business environment”.

The terminal selected N4 after working with the Navis platform for several years.

Chuck Schneider, Navis vice president and general manager, Americas, said: “Thanks in large part to consolidation taking place within the industry, Tecon RG is facing a tremendous increase in cargo volumes arriving on megaships in the coming years.

“Despite the rising volume, the terminal is committed to providing its customers reliable service, strong productivity, and efficient, automated processes through its investments in new equipment and systems.”

Tecon RG is also utilising Navis’s PrimeRoute, Expert Decking and AutoStow optimisation modules.

As a next step in their engagement, the terminal will implement a Navis Business Intelligence project to unlock terminal system data and provide operational insights for terminal improvements to its management team.

LOTM

[piedro] 11/10/2017 11:33

FWIW,

Edison Investment Research:
Ocean Wilsons Holdings
Making headway in a challenging environment
11 October 2017 | Investment companies, Ocean Wilsons Holdings, Update

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