Ocean Wilsons (holdings)... Share Discussion Threads

[varies] 19/8/2019 15:40

galeforce1
I have held shares for over 30 years and I suppose my average cost is about 40p.
OCN is controlled by the descendants of Walter Salomon, a banker from Hamburg who came over to London, I believe, in the 1930's. He also controlled Rea Bros (merchant bankers)amongst other companies.
He died many years ago and I believe that his son and son-in-law must now be their seventies. I believe that their children are now in control but you could check on the Hansa Trust web-site.
I I rember rightly, the family hold about 25% of OCN directly and about 25% more through Hansa Trust where they have a majority of the voting shares.

In the past the investment management business of OCN was very successful indeed but this was then delegated to others whose collective performance has been very moderate.
I believe that the family will sell out at some point but this may not happen in my lifetime. I did think that this was about to happen when discussions about the future of the Brazilian business were announced 9 months ago and much regret not selling some of my shares then.
In short I regard this as a long-term holding with a decent yield.

[galeforce1] 19/8/2019 15:09

Big drop in the share price here last week on slightly disappointing interim results.

Revenues and profits are lower in the marine services part of the business. The container terminals seem to be doing OK.

There's so much to like about OCN - no debt, lots of cash, modest valuation, great dividend. But it hasn't been a particularly successful investment for me so far.

Would be interesting to hear anyone else's view on OCN's prospects. Is OCN's problem basically short term or something more serious and long term?

[sleepy] 24/7/2019 19:31

Thanks Piecro

[piedro] 24/7/2019 07:07

MATERIAL FACT
Rio de Janeiro, 23 July 2019 – Wilson Sons Limited (B3: WSON33) (“Wilson Sons” or “Company”;), in furtherance to the Material Fact disclosed on 16 July 2018, informs that it has concluded the formal process to evaluate strategic alternatives involving its container terminal and logistics assets. The Board of Directors has decided not to engage in any transaction at this time.

[pugugly] 16/5/2019 07:30

LOTM- Analysis much appreciated.

[last of the mohicans] 16/5/2019 07:04

Pugugly

The investment portfolio is just back up to the value it had 1 year ago.

You can't monetise it, the directors control the company through there own holdings & those of Hansa which they and there family run. They get a nice wad of management fees paid to keep all there family members etc happy & employed.

If you looked at the annual report you'd see that if the money had simply been invested in either the MSCI ACWI FM NR USD or MSCI Emerging Markets NR USD index the performance over the past 10 years would have been substantially better for shareholders.

The fund has gained about 70% those other ones 150% & 115% respectively.

LOTM

[pugugly] 15/5/2019 07:33

Trading poor but investments up
"At 30 April 2019, the investment portfolio including cash under management amounted to US$276.3 million (31 December 2018: US$258.9 million). The investment portfolio represents US$7.81 (£6.01) per Ocean Wilsons share."

So what are Wilson Sons Limited worth? And how (if at all) can it be monetised for shareholders?

[shiv1986] 07/5/2019 08:57

ADVFN is hosting an investor event for a firm within Industrial Transportation; Avation plc, on the 21st May to find out about their future prospects.

Sign up to attend this event:

[piedro] 30/3/2019 11:51

varies,

re:"the mooted disposal of the container ports"

The company, Wilson Sons, have never said that they were going to sell their container ports; only that they were doing a strategic review {which involves 'sounding' the market.

[piedro] 30/3/2019 11:44

Danilo Oliveira
INDÚSTRIA NAVAL
28/03/2019 - 15:46
Consórcio Águas Azuis construirá corvetas para a Marinha

[varies] 15/3/2019 11:20

I am disappointed to learn that the mooted disposal of the container ports has come to nothing yet but at least we are still getting our dividend.

[piedro] 15/3/2019 08:00

An idea of the towage competition ...

From Camorim:
Between the years 2019 and 2020, another 8 new 80-ton ships are planned, which will be built by Starnav, bringing the fleet to a total joint fleet to 43 azimuthal tugboats

[piedro] 16/11/2018 10:16

LOL

I think the case of Tecon Sepetiba is interesting in this context.
The then owner, Companhia Siderúrgica Nacional, offered them for sale a couple of years back.
Wilson Sons was one of the bidders.

See what happened !!

[last of the mohicans] 12/11/2018 15:57

Not a good set of results.

Quite frankly, they can't afford to sell the container terminals other wise they'll be no growth, given how big towage is compared to what would be left.

Yes the oil & gas stuff should pick-up but its not happening yet & they don't seem to have many other ideas on how to grow the business.

Oh wait ……. maybe we're going to have another investment fund managed by Hansa

LOTM

[angusf77] 12/11/2018 12:33

Not that familiar with OCN but I see Wilson Sons (which I understand makes up about 2/3 of Ocean Wilsons, investment portfolio c.1/3) reported to the Brazilian and lux stock exchanges on Friday and it looks like the shares moved up quite sharply in Brazil. I don't know finer details eg whether it's the same reporting currency, reporting time, current price etc, but may be a sign some of the news had been priced in since the last announcement.

[varies] 12/11/2018 09:35

Pugugly
Whilst the quarterly figures are disappointing, the lack of any reference to a sale of the ports seems more significant.
Let us hope that the interested parties mentioned by Glassboy prove serious.

[pugugly] 12/11/2018 08:05

Quarterly update - Not happy reading and significant markdown on marekt opening.

[last of the mohicans] 09/11/2018 10:41

October's trading volumes were good on several fronts



The container terminals are now ahead of this time last year. The number of empty containers moved is dragging the numbers down.

LOTM

[sspurt] 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.

[varies] 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

[galeforce1] 18/10/2018 09:15

NTV - any obvious reason for that jump in the Wilsons Sons SP?

[ntv] 18/10/2018 08:32

A decent jump in Brazil last night