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 6,790 07:42:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 360.9 47.2 29.5 27.9 286

Ocean Wilsons (holdings)... Share Discussion Threads

Showing 1326 to 1350 of 1375 messages
Chat Pages: 55  54  53  52  51  50  49  48  47  46  45  44  Older
DateSubjectAuthorDiscuss
09/11/2018
10:41
October's trading volumes were good on several fronts hTTps://s3.amazonaws.com/mz-filemanager/3fcfe973-82ad-4ca1-b53d-b8ff5ffa0262/912dd017-093a-4f65-b95e-bfef41da92a5_Operational%20Data%20-%20Oct18%20-%20EN.pdf The container terminals are now ahead of this time last year. The number of empty containers moved is dragging the numbers down. LOTM
last of the mohicans
08/11/2018
09:28
Wilsons 3Q figs tomorrow. Perhaps we might get some news of the mooted asset sale, perhaps not. Shares firming on optimistic expectation maybe.
sspurt
05/11/2018
21:31
now that Brazil has a new president we might reasonably hope for some progress on the transactions mooted a couple of months ago
varies
18/10/2018
09:15
NTV - any obvious reason for that jump in the Wilsons Sons SP?
galeforce1
18/10/2018
08:32
A decent jump in Brazil last night
ntv
16/10/2018
10:42
4 joint ventures short listed to build the frigates Wilson Sons is in one of them
piedro
15/10/2018
12:46
If Wilson Sons has any offers to consider for any part of its business, then I am sure that the bidders will wait until the outcome of the current presidential election before committing themselves. The commanding lead of the non-socialist candidate in the first round is encouraging for OCN shareholders even if the Guardian and the BBC regard him as a cross between Mussolini and Donald Trump ! Let us hope for some good news in early November.
varies
11/10/2018
09:48
Business appears to be improving, not that it will make a lot of difference in a market like this
ntv
04/10/2018
08:20
Large move in Brazil yesterday I wonder if we have some news pending
ntv
15/8/2018
15:25
On re-reading the trading statement just issued I see that Wilson Sons had US$323 million of date excluding the Joint Venture and not c$260m as shown in me post no.1300. I apologise for this substantial mistake. $53m is repayable within 12 months leaving $270m for the longer term.
varies
15/8/2018
09:37
NTV Currency movements have always been a big factor here. I recall many years during which Brazilian bank credits and debits had to be adjusted for inflation and, of course, it has long been virtually impossible to borrow Rials without currency protection for the lender. I do not have my copy of the 2017 accounts to hand but find this note in the 2016 accounts on page 10 which is probably repeated in the 2017 accounts : "........................................... The Group's borrowings are principally US$ related .....(92%)... As a significant portion of the Group's pricing is denominated in US$ this acts as a natural hedge to our long-term exchange rate exposure. " Current net debt seems to be about $260 million excluding $267m of debt from the company's 50% share of borrowings in the Offshore Vessel joint venture. These borrowings are of a long-term nature and, I believe, are on favourable terms encouraged by the Brazilian government. This debt is, of course, all within Wilson Sons. OCN's investment portfolio is $ related and, therefore, provides protection against weakness of the £ against the $. Any purchaser of the Container Terminals etc will presumably assume most of this debt and relieve OCN of this currency exposure. Let us hope that a good offer is received soon.
varies
14/8/2018
08:49
hardly moved in Brazil yesterday so i guess they are still hoping for an assett sale. you would have thought they could do something to protect the currency movements alot of companies don't and i really don't understand why because in some cases it a huge swing in the balance sheet numbers and can vary from year to year
ntv
13/8/2018
13:36
Seems an over-reaction today. You can't control forex mvts. May be worth another top-up, given the potential sales that are afoot?
topvest
13/8/2018
13:13
In general I am not in favour of companies buying their own shares, because usually they time it badly. Here however it seems a no-brainier with the share price at a huge discount to assets.
dozey3
13/8/2018
11:53
NTV I agree with you. If this was not already my second largest holding, I would be buying more. What should surely govern the share price for the time being is the prospect of Wilson Sons selling its container ports and I do not see this as much diminished. The fall in profits seems to owe much to currency movements; these are often soon reversed. If the sale of the container ports comes to nothing, OCN are still worth about £10 per share as before. Just for once the investment side seems to be holding up reasonably well, given market conditions.
varies
13/8/2018
07:58
double post
ntv
13/8/2018
07:58
Brazilian price is now 47.35 after falling on Friday on Thursday there were a few trades over 50 so just got to wait for next Q's results or the sale of terminals that the market ignored when first annouced might get a chance to top at £10 today perhaps
ntv
13/8/2018
07:54
note wrong date in statement above
ntv
13/8/2018
07:54
Net asset value At the close of business on 31 July 2018, the Wilson Sons share price was R$45.20, resulting in a market value for the Ocean Wilsons holding of 41,444,000 shares (58.19% of Wilson Sons) totalling approximately US$499.0 million which is the equivalent of US$14.11 (GBP10.76) per Ocean Wilsons Holdings Limited share. Adding together the market value per share of Wilsons Sons, US$14.11 and the investment portfolio per share of US$7.71 results in a net asset value per Ocean Wilsons Holdings Limited share of approximately US$21.82 (GBP16.63). The Ocean Wilsons Holdings Limited share price of GBP12.90 at 31 July 2017 represented an implied discount of 22%.
ntv
13/8/2018
07:51
Market does not like the results - Very poor - Investment division well under performed expectations - Already marked down 10% https://www.investegate.co.uk/ocean-wilsons-hldgs--ocn-/rns/interim-management-statement/201808130700045381X/
pugugly
13/8/2018
07:46
looks like the truckers strike cost them dear in final Q debt costs rose significantly as dollar strengthened so defeats the argument about paying down though i suppose it could reverse going to get marked down on these results but nett assets are supposed to be around £16.60 so it makes it an interesting play on any asset sales that could be forthcoming volumes in July appear to have increased by 5% compared to last year so that sounds promising a chance to top up ahead of any asset sales with a bit of luck
ntv
09/8/2018
07:29
hmm the July RG container terminal numbers were no where near as good as I thought they might be compared to last year :( Tecon Salvador on the other hand had a good month in comparison to last year. LOTM
last of the mohicans
08/8/2018
16:41
Indeed, indeed. I do understand my position in the queue. Lots of variables. I had been intending to do a similar look through discount for Hansa before I bought some more, but am stuck in a country hotel on my second pint whilst Mrs Sandals has here PM nap. I’m not expecting miracles like a tender or cash, but a liquidity event must substantially close that discount and which I could exchange for cash. All the best and appreciate the chance to discuss.
steve3sandal
08/8/2018
16:15
steve3sandal Ocean Wilson holds 41.440 Million Wilson & Sons shares which are currently priced at R$49.61 or $13.19 per share. If you use an exchange rate of £1 = $1.30 then $13.19 is worth £10.15 per share or £420m in total which translates into £11.88 per OCN share (420/35.363). On to which you need to add the investment portfolio. However, its not as simple as that. The Brazil market is placing a valuation on Wilson&Sons. They don't know which asset /assets might get sold and at what price compared to the book value of the said asset. If its one of the container terminals then I'm expecting it to go at a pretty high valuation compared to its book value. The trouble then becomes one of all this cash (even after paying off the debt (which given the low rate of interest on the loan I don't think they'll do) sitting in the sub. If they distribute it, only 58% of it will go into OCN, they then have to decide if they want OCN to make a shareholder payout or keep it in there and give it to Hansa (effectively themselves) to manage and extract the nice extra annual management fees. Even if they do go down the distribution route within OCN, most of there holdings are via the Hansa Trust (which will only get part of the OCN payout) they then have to decide if the also want Hansa to distribute the cash as well. You'll be gathering by now all the dilution that's taking place as the money moves up the tree & to the side, so they will get a lot less in there hands than people might think. That's not taking into account the tax that might be due on each of these upward distributions (ouch). If they are going to return cash to investors it might be via a share-buyback because the discount to NAV on the shares bought will help cover the tax due etc. It would also give them a liquidity opportunity if they so wished for Hansa to sell down its OCN holding. Lots of possibilities out there, but personally I see a cash payout from OCN as being very far down that list of possibilities. Oh & by the way I'm expecting to see some bumper numbers tonight, for July's monthly container stats etc. LOTM
last of the mohicans
07/8/2018
08:50
Steve Thank you for this useful information
varies
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