Ocean Wilsons (holdings)... Share Discussion Threads

[last of the mohicans] 06/8/2024 08:34

ajbird

Wilson&Sons results are due to be published on 8th August, therefore OCN's results will be published on the morning of 9th August.

There should be some pretty good numbers in there from Wilson&Sons at least.

Pay particular attention to how well the 2 container terminals are doing!

The big question is whether OCN are going to start making half yearly or quarterly dividend payments.

LOTM

[ajbird] 06/8/2024 07:07

Last year the half year results were published on the 10th August

[livingstone20] 01/8/2024 11:11

I suspect ‘strategic review’ fatigue. I know some think nothing will, or even has, come of it but last reference I saw said they expect to have completed it by end of this year. For some patience and/or belief may have led to them moving funds elsewhere. Rightly or wrongly I still think there will a significant outcome given the 12 months plus they have been at it, the new bonus scheme etc. Reluctant to move money now vs waiting up to another 5 months to find out, although I’ll confess it is taking longer than I hoped!!

[piedro] 31/7/2024 20:28

A sign that WSON has good news to report - IMO, BWDIK.

[mancman1] 31/7/2024 20:01

The share price has been hammered, albeit on very low volume.

Anyone any idea what is happening?

[meanreverter] 16/7/2024 07:38

Well, OCN might follow its subsidiary. However, speaking for myself, I'm happy with an annual dividend: less paperwork.

[last of the mohicans] 16/7/2024 01:28

Pretty clear that Wilson & Sons has moved to quarterly dividend payments - latest payment is R$0.2471075 per share & went ex-dividend yesterday & payment on 22nd July.

That's up considerably on the R$0.1727 they paid out on 4th June.

Just to be clear those are the payments relating to 2024.

They paid a dividend of R$0.17165 on 6th May which was the last of the 2023 dividends that ended up being $0.85 cents paid to OCN shareholders.

We really want OCN to move to quarterly or at worst half yearly dividend payments.

LOTM

[flyfisher] 05/7/2024 10:38

Excellent june opps figures out last night from wilsons.

[piedro] 29/6/2024 11:49

Congratulation to Tecon Rio Grande for an
excellent month despite the floodings.

:-)

[piedro] 19/6/2024 08:48

It was only a strategic review

What more were you looking for?
Ramps & damps?
:-)

[cousinit] 19/6/2024 07:38

Any views on the Wilsons strategic review? Hardly any reference to it these days but haven't seen that it's been formally concluded?

[last of the mohicans] 11/6/2024 04:35

Wilson & Sons have a new presentation out, worth having a look at it, has some new info in it.

LOTM

[piedro] 28/5/2024 10:23

FYI ...

Ocean Wilsons Holdings Limited
Explanatory notes for the Annual General Meeting

[c3479z] 20/5/2024 09:52

thanks LOTM
BBC said yesterday 150 dead and over 100 missing, piranha invasion in one of the towns

[last of the mohicans] 19/5/2024 23:15

Hi c3479z,

Sadly a lot of people have lost there lives & there homes from this flooding.

There is a new video on the BBC website of Porto Alegre



Which is still heavily flooded & in a dire state & hence why the barge service that goes through there is still not running & most likely won't be for some time yet.

Tecon RG is up & running, but most likely still affected by road & rail issues.

It could be a month before things get back to near normal & just when container numbers were going through the roof there to.


LOTM

[c3479z] 19/5/2024 20:58

r4 news bulleting this am mentioned the loss of life and severe flooding in Rio Grande province, is the inundation still getting worse?

[piedro] 13/5/2024 21:15

The problem for the terminal is than goods cannot get in or out
due to the state of the roads and railway.

[last of the mohicans] 11/5/2024 18:24

At the moment the biggest issue is the flooding at RG, the Tecon has only had 1 smaller vessel able to be loade & unloaded in about 4 day's there have now been 9 cancellations & about 5,000+ TEU's missed out on.

Not sure when it will be able to resume normal service.

LOTM

[c3479z] 11/5/2024 13:03

City hates Hansa for reasons given on this board but even so the discount seems too excessive, be interesting to see whether anything comes out of the OCN review.

[cousinit] 09/5/2024 10:00

Hansa now seems to have caught a bit of a bid, although very illiquid

[cousinit] 08/5/2024 10:04

Although the 'look through' discount on Hansa is probably now larger. Benign neglect.

[meanreverter] 08/5/2024 09:56

If only briefly, the thread title is correct again.

[bench2] 08/5/2024 09:27

So much more rewarding holding OCN with a 4.8% yield rather than Hansa on a 1.5% yield . Hansa discount 45% vs OCN 50%

[livingstone20] 08/5/2024 07:55

Whilst loads of good news I am most pleased that they have done the obvious and included the NAV calculation upfront. This has been my regular complaint to IR. Shares starting to move 1415/1450. Hopefully much more to go this year!!

[pugugly] 08/5/2024 06:58

So when - If ever is the OCN share price £13.45 (before opening) going to more closely reflect the NAV? Currently over 50% discount.

"Implied Net asset value at 31 March 2024

At market close on 31 March 2024, the gross trading value of the Ocean Wilsons' investment in Wilson Sons totalled US$890.2 million, which represents US$25.17 (£19.94) per Ocean Wilsons' share. The investment portfolio was valued at US$322.8 million which represents US$9.13 (£7.23) per Ocean Wilsons' share. In aggregate, including US$25.8 million of cash at the holding company level, this results in an implied net asset value before tax per Ocean Wilsons' share of US$35.03 (£27.75)."