Ocean Wilsons (holdings)... Share Discussion Threads

[livingstone20] 14/11/2023 22:15

‘A number of offers’ is very good news!!! A competitive auction!

[last of the mohicans] 14/11/2023 21:59

From Wilson & Sons tonight

MATERIAL FACT
Rio de Janeiro, 14 November 2023 – Wilson Sons S.A. (B3 Ticker: PORT3) (“Wilson Sons” or “Company”;), pursuant to the regulations in force, in furtherance to the Material Fact disclosed on 12 June 2023, in view of the press enquiries regarding the strategic review being carried out by the Company's indirect controlling shareholder, Ocean Wilsons Holdings Limited ("OWHL"), hereby provides the following clarifications:

The Investor Relations Officer of Wilson Sons inquired with OWHL which informed that Ocean Wilsons Overseas Limited (“OWOL”), the holding company for the Group’s indirect investment in OW Overseas (Investments) Limited (“OWOIL”) and in Wilson Sons, has engaged Banco BTG Pactual S.A. (“BTG Pactual”) as its financial adviser in connection with the strategic review of its investment in Wilson Sons. OWHL also confirmed that BTG Pactual has received a number of indicative non-binding offers for its indirect investment in OWOIL and in Wilson Sons.

OWHL emphasised that there can be no certainty as to the outcome of the strategic review process, which remains ongoing, and the indicative non-binding offers received are highly conditional. OWHL continues to evaluate all potential strategic options.

The Company reiterates its commitment to the best levels of transparency and corporate governance and will keep its shareholders and the market in general duly informed of any material act or fact, under the terms of the applicable legislation.

Michael Robert Connell
Investor Relations Officer

[last of the mohicans] 10/11/2023 23:21

xxx

OCN have only paid a final dividend in June for a number of years now. They pay out the dividend they receive from Wilson & Sons. However there are far fewer OCN shares in issue than PORT3 ones.

Wilson & Sons paid a small interim dividend in 2022 but OCN didn't pay it out until June 23.

Wilson & Sons paid a much large interim dividend recently, but OCN have not said or done anything with it. The current assumption is that they'll keep it until next year, combine it with the PORT3 final dividend & pay it to us as normal in June 2024.

Given the scale of the PORT3 interim dividend it looks likely that the $0.70 per share that OCN has paid out for a number of years now, will be increased this time round ........

But that all depends on what the 2 controlling families decide they want done with it !

Hope that helps

LOTM

[xxx] 10/11/2023 22:46

Could anyone explain the dividend policy here. It seems the management pay an interim but no final .

ps. love the tag line 'Creating long-term capital growth '... aka we destroy it they [Wilsons] create it !

[last of the mohicans] 06/11/2023 13:06

ajbird,

We already know the Wilson & Son's numbers for the 3rd quarter (see post 1551 for link to it or go to the Wilson & Sons website and you can click the link there)

They will be good financially based on that data.

The problem is the OCN investment portfolio which isn't the best at the best of times, so there could be some pretty poor numbers to come from it given how poor the 3rd quarter was around the world.

LOTM

[ajbird] 06/11/2023 09:13

Look forward to that then, thanks LOTM

[last of the mohicans] 06/11/2023 07:46

ajbird,

No Wilson & Son 3rd quarter results are due for release on 14th November.

So we may get an OCN quarterly update on 15th November.

LOTM

[ajbird] 04/11/2023 10:21

Quarterly results this week?

[jimmywilson612] 03/11/2023 14:43

Doubled my holding here.

The company is run for the directors, 100%. But the Discount to NAV on offer is too tempting. Wilson Sons seems to be, strategically, in a great position.

[extrader] 26/10/2023 20:58

Got it, thanks!

I'm interested in Argentina's fortunes (BUR) YPF litigation, this is very helpful.

ATB

[extrader] 26/10/2023 16:02

Can't access, I'm afraid, can you provide another link or keywords?

TIA

[last of the mohicans] 26/10/2023 14:36

Interesting presentation regarding RG

hxxps://api.mziq.com/mzfilemanager/v2/d/8284de4a-426a-465a-beab-92abeabafc97/8ac2e68e-1c10-55f8-1a7d-e625a2c3a8ed?origin=1

LOTM

[last of the mohicans] 26/10/2023 14:23

flyfisher,

To be honest, I can't remember what I did or didn't do about it.

I'll re-look at it after the quarterly update comes out.

LOTM

[flyfisher] 26/10/2023 09:50

LOTM, re your post 1533, did you get a reply?

[last of the mohicans] 24/10/2023 16:07

Wilson & Sons seem to be doing very well when you look at the operational data for the 3Q

hxxps://api.mziq.com/mzfilemanager/v2/d/8284de4a-426a-465a-beab-92abeabafc97/31da1aac-f877-5cfb-52d1-99b338c99804?origin=1

The worry for me is how poorly the OCN investment portfolio will be doing in the meantime & what pathetic excuses they will be dreaming up to cover it & Hanseatic keeping control of it.

The Wilson & Sons interim dividend has been paid out yet OCN are totally silent on the matter, keeping shareholders in the dark as usual.

LOTM

[flyfisher] 03/10/2023 07:47

They last paid an interim div in 2012 and in 2013 consolidated it into the final.

Unless Wilsons do something unusual and declare a final div which is lower than the interim, then i think it is a reasonable expectation that we will be in for an increase this year.

90c would give a yield of 7.6%.

Thanks for bringing it up, it may be a reason for some interest in the stock.

[last of the mohicans] 03/10/2023 06:52

flyfisher,

Sorry, my mistake then, I've been under the impression it hadn't been fully passed on for some time now.

I guess it was to do with them paying out part of the investment portfolio by way of a dividend & then changing that policy.

There was definitely one point in time when all of the Wilson & Sons dividend wasn't passed on to us, but I can't say when.

LOTM

[flyfisher] 03/10/2023 05:44

It has been fully passed on in recent years.
Last year OCN received $22.6m Wilsons dividend and paid out $24.8m.

[last of the mohicans] 02/10/2023 20:49

flyfisher,

So far Ocean Wilson's has shown no inclination to increase the dividend payout to us. It has been at $0.70 for a number of years now, even although the Wilson & Sons amount has increased slightly its not been fully passed on to OCN shareholders.

They could have paid out the interim dividend they received at the very end of December last year to us, but chose not to.

It would be far better if they had 2 payments per year or even quarterly instead of 1 as it would stop the share price dropping as much when it goes XD.

Remember each OCN share effectively owns just over 7 Wilson & Sons shares (248.644M / 35.363M).

So OCN will be receiving close to $16M of that $28M on the link, as a dividend this time round which if they passed it on to us would be just over $0.45 currently. I'm sure virtually everyone would be happy to receive $0.40 in November/December & the rest in June. Just not sure that's OCN's intentions

LOTM

[flyfisher] 02/10/2023 19:56

Lotm, Thanks for that.

I see the interim div that wilsons paid is 70% of last years total payout. Is it reasonable to assume that wilsons will pay a final dividend of the same or greater.
If so, then it would imply that OCN would be in position to pay out a 90c dividend, should it choose to pass it on to holders.

OCN has in recent years passed slightly more than the wilsons dividend income on to holders.

[last of the mohicans] 02/10/2023 16:59

I'm surprised no-one has picked up on the fact that Wilson & Sons have declared an interim dividend !

hxxps://api.mziq.com/mzfilemanager/v2/d/8284de4a-426a-465a-beab-92abeabafc97/5de1fc8d-a35b-0a55-ffb2-2bfff16399e9?origin=1

Doesn't look like Ocean Wilson's is going to pay it out to its shareholders until next year.

LOTM

[pugugly] 15/9/2023 12:21

Ex trader = Many thanks -

[extrader] 15/9/2023 10:23

Just a snippet, from across the water (Congo-Brazzaville) :

..""Congo Terminal, a subsidiary of AGL (Africa Global Logistics) and operator of the container terminal at the autonomous port of Pointe-Noire, announced on 13 September that it had renewed its ISO 9001 certification for its activities in the following areas : loading, unloading, storage of containers, transhipment and delivery of containers for import and export."

Renewal is for a 3 year period. PN is arguably the best natural deepwater port in (southern) West Africa.

This company is part of the MSC logistics empire that recently took over Bollore Logistics Africa and is supposedly separately in acquisition talks with Ocean Wilsons (OCN) in Brazil.

The new concessionaire for Pointe Noire (and a possible build-out) is AbuDhabi Ports, which is expanding its footprint beyond the M East , into Africa and Europe (most recently with the acquisition of Spain's Noatum group).

hxxps://www.adportsgroup.com/en/news-and-media/2022/11/18/acquisition-of-noatum-propels-ad-ports-group-to-become-a-global-logistics-platform

If you look at the pie-chart of ADPorts revenue, Latin America is the obvious next stop on its way to being truly 'global'.

Abu Dhabi has just joined the BRICS South-south alliance (alongside Argentina).

Let's see if 'the trend is our friend' - Wilson Sons would be a very synergistic bolt-on, IMO.

NAI, DYOR etc etc

[last of the mohicans] 31/8/2023 01:17

There is a new Institutional Presentation available on the Wilson & Sons website

hxxps://api.mziq.com/mzfilemanager/v2/d/8284de4a-426a-465a-beab-92abeabafc97/96e89459-df74-7c9d-2a01-7fca25ccc35e?origin=1

Well worth viewing, lots of new details within it, some never seen before.

Might help explain why some of the big players were/are taking an interest .......

LOTM