Ocean Wilsons (holdings)... Share Discussion Threads

[dozey3] 24/3/2022 17:11

With huge discount to assets, Co should be mounting big buyback. Fear, though prospects are good, shareholders bottom of pecking order.

[eezymunny] 24/3/2022 08:23

Share porty prob down a bit since Dec 31 flyfisher... Even so...

[flyfisher] 24/3/2022 08:15

With a rise in PORT3 share price since the year end and fx changes i get a current SOTP of 1886p.

At 1000p, a 47% discount is much higher than the historic norm of around 25%.

[last of the mohicans] 24/3/2022 01:47

Interesting to note that Wilson&Sons are carrying out a 5 for 1 share split.

I wonder if Ocean Wilsons is going to do something similar ?

I have been hoping it would occur for a number of years now without any joy. Maybe the change of board members will bring about a change of strategy !

Who knows we may even see them finally under take a share buy-back!

LOTM

[eezymunny] 23/3/2022 22:54

Wilson Sons Q4 and FY

OCN is very dull IMO.
Too cheap.

[rambutan2] 09/3/2022 23:17

Just noticed that OCN is being included in the Small Cap and thus All Share. So, there will be some tracker buying:

02/03/22: FTSE Russell announces the quarterly changes to the FTSE UK Index Series. All constituent changes will be applied after the close of business on Friday, 18 March 2022 and will be effective on Monday, 21 March 2022 (rankings by capitalisation are as at close of business on Tuesday, 01 March 2022).

[ntv] 10/11/2021 16:21

Thanks Piedro
any thoughts on share price other than it is falling in Brazil

[piedro] 09/11/2021 11:25

The above is with 2wk candles
Here is a better chart ...

[piedro] 09/11/2021 11:15

NTV,
Here is a continuous chart showing WSON33 and then PORT3 {26th October onwards}


[chart using ShareScope]

[ntv] 09/11/2021 09:46

Thanks for that flyfisher
Anyone any thoughts on why the share price is falling?
Is it exchanged rate based?

[flyfisher] 08/11/2021 08:12

Try previous ticker, WSON33.

[piedro] 26/10/2021 11:50

Wilsons Sons now quoted on the NM of the BMF BOVESA exchange
with the code PORT3

[piedro] 26/8/2021 08:00

In the news ...

Wilson Sons Advances in Sustainability Initiatives with New Tugboats
New tugboats, which will start operating in 2022, will be equipped with a pioneering solution that reduces nitrogen oxide emission levels by more than 75%
PUBLISHED AUG 25, 2021 11:52 AM BY THE MARITIME EXECUTIVE

[flyfisher] 14/8/2021 09:40

Trading at a 38% discount to current sotp of 1694p, against a historic norm of 20% - 25%.

Resilient trading at wson33. Offshore o&g looking like it will recover as we get back to normal. Decent dividend.

Cheap, but overlooked due to it being a family gravy train would be my view.

I guess they will issue a revised edison note, here is a link to the 21st june update.

hxxps://www.edisongroup.com/publication/smoother-sailing-ahead/29639

I remain optimistic.

[eezymunny] 12/8/2021 12:24

"Half your share value is in the investment portfolio"

More like two thirds...

Probably cheap here, but hardly undiscovered after 3 million years!

[a0469514] 12/8/2021 08:54

Surprised that there is no comments here on the results which look excellent to me. The Brazil operations going well as they recover from covid. Half your share value is in the investment portfolio which returned 9% in a half year. The shares pay a 7.7% divided yield and the share price is at a significant discount to the sum of the parts of the business.A rock solid undiscovered gem imo.Xylos

[piedro] 08/6/2021 22:30

RNS Number : 5048Z
Ocean Wilsons Holdings Ltd
24 May 2021
OWHL - Subsidiary, WSL - Proposed Restructuring
... The Proposed Restructuring is intended to simplify and optimise the Group's corporate structure, increase stock liquidity and facilitate the Wilson Sons' access to capital markets. ...

IMO this restructuring will allow the move of the WSON shares to the 'main' market which is more serious, {like getting promoted from AIM to the FTSE}. Institutions will feel more confident to invest, capital may be raised if necessary and as can be seen the share price is being re-rated.

I note that an astute Director has acquired 2,000 shares,
but the lag in the share price perhaps reflects a certain distrust of the OCN bod.

[flyfisher] 08/6/2021 15:30

Wilson sons has been rising over the last couple of weeks and the real has been strengthening against the USD.

It does not seem to be reflected in the OCN price.

Is their any wson33 news or rumour that has caused the rise?

I get a current sotp of 1751p for OCN implying a 39% discount at current price, much higher than the historic norm.

[piedro] 29/5/2021 23:57

Thank you flyfisher.

I see that in resolutions #4,5 and 7 more than 10% of the votes were against.
May those directors take note.

[flyfisher] 29/5/2021 10:21

1 To receive and, if approved, adopt the Directors’ Report and Accounts for the year ended 31
December 2020.
2 To declare a dividend of 70 cents per share.
3 To determine the maximum number of Directors for the ensuing year as nine and authorise
the Board of Directors to elect or appoint on the Members’ behalf a person or persons to act as
additional Directors up to such maximum number to serve until the conclusion of the next Annual
General Meeting.
4 To re-elect Mr. J. F. Gouvêa Vieira as a Director until the next Annual General Meeting.
5 To re-elect Mr. W. Salomon as a Director until the next Annual General Meeting.
6 To re-elect Mr. A. Berzins as a Director until the next Annual General Meeting.
7 To re-elect Mr. C. Townsend as a Director until the next Annual General Meeting.
8 To re-elect Ms. F. Beck as a Director until the next Annual General Meeting.
9 To elect Ms. C. Foulger as a Director until the next Annual General Meeting.
10 To re-appoint Ernst & Young LLP as the Auditor and authorise the Directors to fix the remuneration
of the Auditor.
11 Ratification and confirmation of all and any actions taken by the Board of Directors and the
persons entrusted with Company’s management in the year ended 31 December 2020.

[piedro] 28/5/2021 09:30

AGM Results out

Does anyone know what the proposals were and were you invited?

[varies] 13/5/2021 10:21

Having bought my shares at about 50p over 40 years ago, I take a languid view of the ups and downs.
OCN has been very consistent over the years in paying a good dividend and the current yield of over 5% (or 100% on my original purchase)is a very welcome addition to my income.
This has changed little in recent years but looks to me more likely to go up than down once Brazil recovers from Covid19.
I do agree, however, that OCN's investment record has been uninspiring. Old Walter Salomon had a golden touch which his descendants plainly do not.

[pugugly] 13/5/2021 07:55

LTOM - Thanks for making me aware of the Incestuous HANSA relationship - Probably a very pertinent reason for ditching OCN in spite of the discount.
Remember the old Lancashire saying "Clogs to clogs in 3 generations"

[last of the mohicans] 12/5/2021 20:36

PUGUGLY,

Your forgetting that most of the family (younger generations) work for Hansa, so OCN via the management fee is paying there wages and keeping them employed. So there not going to change the overall fund managers are they. There also the ones that select which funds the money then goes into ...... which is why there are so many funds in the investment portfolio to make it look to the unobserved that its a "real portfolio" its not, only the top 25 holdings at most actually add or lose the portfolio serious money

If OCN had merely placed all the money it got from selling the Wilson & Sons stake back in 2007 directly in the MSCI All Country World Index inc. (or a fund that mirrored it) missed out Hansa altogether then the portfolio value would now be north of $600M.

LOTM

[pugugly] 12/5/2021 11:14

flyfisher - Agreed fro benifit of family and if I was a member of the family I would take a chainsaw to the fund managers - as I said before diabolical performance. Would have done better - probably - to put it all into ETS's- massive saving on management fees.