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WIN Wincanton Plc

599.00
-1.00 (-0.17%)
Last Updated: 10:19:26
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Wincanton Plc LSE:WIN London Ordinary Share GB0030329360 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00 -0.17% 599.00 599.00 600.00 600.00 597.00 599.00 347,616 10:19:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Arrange Trans-freight, Cargo 1.46B 33.2M 0.2718 22.04 731.58M
Wincanton Plc is listed in the Arrange Trans-freight, Cargo sector of the London Stock Exchange with ticker WIN. The last closing price for Wincanton was 600p. Over the last year, Wincanton shares have traded in a share price range of 187.80p to 634.00p.

Wincanton currently has 122,133,235 shares in issue. The market capitalisation of Wincanton is £731.58 million. Wincanton has a price to earnings ratio (PE ratio) of 22.04.

Wincanton Share Discussion Threads

Showing 24151 to 24175 of 25450 messages
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DateSubjectAuthorDiscuss
02/10/2020
12:45
SCSW is out tomorrow. Remember that SCSW featured WIN for the first time in years in their April issue, as a new idea - at 240p.

It's possible that the 9th September trading update will encourage SCSW to provide fuller coverage. Let's hope so.

rivaldo
02/10/2020
12:25
petewy: It will probably drift down as day traders go but one would think its possible it might pick up again on Monday when people read about WINs. Generally, if a share is good, the story picks up over the weeks and carries on.
netcurtains
02/10/2020
11:16
interim results on Thursday, 5 November 2020. If the price levels off before then and no dividend then it will stay at that level.
petewy
02/10/2020
09:49
This is better - Liberum have now raised their price target to 340p....

"LIBERUM RAISES WINCANTON PRICE TARGET TO 340 (320) PENCE - 'BUY'"

rivaldo
02/10/2020
09:18
Various analysts cover WIN, like Liberum, Numis, RBC, but these aren't on Research Tree and the only coverage online I can see so far is this brief extract from Shore Capital. To be fair the main article does give a good summary of the update:



"Analyst Greg Lawless at Shore Capital observed: ‘Given the retail backdrop we can see more retailers outsourcing elements of their distribution and e-commerce operations to the benefit of specialist providers’"

rivaldo
02/10/2020
09:09
The fund managers normally take a few days to digest information before taking action.

With the recent share price moves the pe is nudging 7....double that is not racy and there is only one month until the results, where as the CEO mentioned, the focus will be on growth areas....the same areas Clipper moves in.

If online shopping is here to stay, which it is the likes of Wincanton and Clipper are going to be very busy.

volvo
02/10/2020
07:52
rimau1 - I think you are confusing the the triennial valuation with the pretty meaningless IAS 19 valuations used in annual reporting. The trading statement refers only to the more important triennial, which determines annual contributions.
wilmdav
02/10/2020
07:33
rimau, well I have it from first hand that the management of Wincanton don't believe they have a drastically different business to that of Clipper.

Yes Clipper have an early mover advantage in certain areas, but WIN have size and are already doing more Digital and e-fullfillment than Clipper and are ideally placed re online shopping.

As for the pension fund no longer is a significant problem or a drag on WIN's growing story going forward.

As you say 400p plus is much more realistic, as the dust settles post covid era.

Watch out for next year and the Waitrose tie up, it will be transformational.

volvo
02/10/2020
07:27
Onwards to 3.00 before results
s34icknote
02/10/2020
07:14
I'm taking the dog for a walk back in an hour. Could you keep the price rising. Thanks in advance.
netcurtains
02/10/2020
07:10
Great update, let the rerate continue......Volvo, there are very simple reasons for the valuation differences with Clipper. 2 biggies. win has a £1bn legacy pension liability and although its now well managed the sheer size of this can lead to very volatile swings. Win smartly today compare the latest position to 2017 showing a fall but in 2019 at one point it was in surplus, so it is volatile. This is a huge balance sheet liability. Secondly as we all know Win’s transport division is low margin, capital intensive and highly cyclical and although growing fast Clipper is much more heavily weighted in e-fulfilment which is fast becoming a covid counter cyclical play. Lastly, clipper is actually on a forward pe of 21 which includes a potential bid premium so take 20% off for this and its 16 which for a business that has almost doubled eps in the last 2 years its actually decent value so forget about the historic pe of 35. Btw I hold Win and not clipper. Win is undervalued (should be low double digits) but will always trade at a significant discount to clipper which deserves high double digits.
rimau1
02/10/2020
07:07
I'm seeing completion of initial bowl at 2.40. Then on and up to 3.
brucie5
02/10/2020
07:01
All in line and therefore good except the pension deficit which is an unexpected bonus. And the derisking locks in that improvement, thus removing considerable future "volatility" (i.e. risk).

Cash position is excellent. See little reason to not resume dividend payments on the basis of this update; a bit surprised they did not mention this.

edmundshaw
02/10/2020
06:17
Agreed - excellent stuff:

- continuing to trade "materially ahead of market expectations"
- £60m net cash pile

And the City will imo love the fact that the pension situation has now been resolved - and particularly that the annual cash contributions are £6m per annum lower than previously proposed due to positive investment returns and longevity experience. Plus the deficit itself has reduced considerably.

Hopefully this means up, up and away from here....

rivaldo
02/10/2020
06:11
The Group is expected to have a net cash position of approximately GBP60m at 30 September 2020 (net debt at 30 September 2019: GBP14.8m).


Basically they have matched the RNS by Clipper Logistics of a few weeks ago....even down to PPE for the NHS.

Wincanton are bigger and better financed on every aspect.

Cleared up any ambiguity re the pension fund, shown clear pension payment reductions and shown a affordable finish line.

So how can Clipper trade at pe of 35 and Wincanton at pe of 6?

....a pe of 30 for Wincanton looks like 800p plus just saying

volvo
02/10/2020
06:11
Trading update out Good reduction in pension deficit !Trading still above market expectations
s34icknote
01/10/2020
17:50
I've heard of the Dark Web but this is ridiculous:
netcurtains
01/10/2020
17:01
4pt tap down at the end.

Lets see what 7am tomorrow brings, but you cant have Clipper on a pe of 35, and Wincanton on a pe of 6....essentially doing the same thing.

How difficult would it be to buy Wincanton and just separate the companies...ie traditional logistics very important and profitable in one company....and Digital e-fulfilment, add returns into another?

volvo
01/10/2020
16:58
30 k pulled it down
s34icknote
01/10/2020
14:47
Buying at 219p now....
rivaldo
01/10/2020
12:25
They need to let this go now !!!!Overdue correction just like clipper
s34icknote
01/10/2020
11:23
Breaking higher.

Added a few more.

Looks like we're on our way folks. We were farting about before in a range with that 205 mark proving difficult to crack, lumpy moves either side and illiquid uncrossings in auctions not defining any real move.

Just need a half decent outlook tomorrow to continue this gradual push higher imo. Possibly some sell on the news brigade to overcome, but certainly looks the most bullish in a while now.

sphere25
01/10/2020
08:36
Based just on current known figures this should trade at 300p plus or £375m market cap to start with.

Hoping for a decent update tomorrow and Clipper read across.

volvo
01/10/2020
08:31
Off to the races then .Looks like buying ahead of tomorrow .Does look like market has got this one wrong !Re rate like clipper expected !!!No real risk on downside at these silly levels
s34icknote
01/10/2020
08:15
Yes TS tomorrow.

Clipper according to the press is in demand with a 'bun fight' taking place to buy it out.

Ok, we missed out on Clipper, who else is there.

Hello Wincanton can you do what Clipper does? Yes we are already doing everything they are doing except the returns and few other minor things....but we can easily adapt and do exactly what Clipper does on a larger scale. Better funded, and twice as big and twice as profitable.

Could really see a great rise here as uk online and logistics are set to go parabolical in these massively changing times.

volvo
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