Wincanton Share Discussion Threads

[volvo] 05/11/2020 11:52

Big volume hopefully the overhang will clear soon.

[rivaldo] 05/11/2020 10:28

Liberum have now increased their price target to 350p (from 340p):

[rivaldo] 05/11/2020 10:07

Nice - PFS disposal now confirmed:



- small gain on disposal
- underlying profit increase despite £30m turnover reduction post-disposal
- reduction in risk to Group

[petewy] 05/11/2020 10:01

Crikey these are huge. 14 ? what has Clipper got?

[celeritas] 05/11/2020 09:59

Hiabs for Wincanton
UK transport and logistics company Wincanton has taken delivery of 14 Hiab 145DLL-1 HiPro loader cranes.

[volvo] 05/11/2020 09:58

Look at the potential growth, the divi is nice, but this should be condidered a growth stock.


"I am greatly encouraged by the new contracts we have secured so far this year to become a key partner for some of Britain's biggest brands and public bodies, and we continue to see a healthy pipeline of new opportunities coming to market. Performance has been resilient in the first half, we expect the good momentum with which we end the period to continue and consequently expect results for current year to be materially ahead of market expectations''

[petewy] 05/11/2020 09:56

I hope you are right volvo. It should be and more. But the quest for divs, reduced by Covid is still important. If the final div is 6p, total div is 8p, less than 4%. Why are there more sells than buys this morning?

[volvo] 05/11/2020 09:49

petewy I see 250p very soon....each to their own though.

[celeritas] 05/11/2020 09:42

Cheers Volvo, mid January it is then.

[petewy] 05/11/2020 09:40

Yes Riv Sarcasm is the lowest etc... The results are good but why the drop this morning if all are so optimistic.
Covid took the price to 180 when I bought back in. The results seems to have been leaked. This talk of 250p and more is not my forecast.

[volvo] 05/11/2020 09:35

Celeritas see above 1467...e-fulfillment or groceries?

[celeritas] 05/11/2020 09:20

Waitrose 5yr deal is still to kick in yet. Deliveries could start as early as next month.

Waitrose.com delivers to nearly 90% of postcodes across the country via a network of shops and two (to be three) fulfilment centres in London.

Online orders have expanded by more than 100% since the start of lockdown, to more than 150,000 per week. A significant part of this increase has been through an increase in collections, with Click & Collect offering the opportunity for Waitrose to grow minimal-contact shopping.

[netcurtains] 05/11/2020 09:18

Celeritas: I'm not a long term holder. Just a few months. A long term holder is years. I like to take profits because you never know what the market is expecting - especially if optimistic BEFORE results.

However the story IS GOOD hence I kept half my holdings.

Cheers Net!

[celeritas] 05/11/2020 09:12

I see we have a few traders here who I thought were longer term holders. Talk positive until their holding position changes.

[rivaldo] 05/11/2020 09:10

Have you heard that there's been a pandemic petewy? :o))

I'd love to hear what Numis and HSBC have to say, and what their forecasts are niow with WIN forecasting their results to be "materially above" expectations.

Unfortunately neither of these are on Research Tree as their research is so precious, reserved for a privileged few and difficult to find. C'est la vie.

[volvo] 05/11/2020 09:09

The Waitrose dark store in West London goes fully online mid Jan with 25,000 deliveries per week, 1.3m per year all warehoused by WIN, picked by WIN and delivered by WIN.

A turnover of £85m.

Is this e-fulfillment or groceries, as this apparently seems important?

[petewy] 05/11/2020 09:05

The dividend is less than the last interim dividend

[volvo] 05/11/2020 09:00

rimau, re Clipper e-fulfillment is 16pc v 55pc?

Digital & eFulfilment + groceries and consumer + general merchandise = £800m

All vital stuff and £300m more turnover than Clipper, without the building and construction work.

And as for the 'legacy restructuring or pension issues', pretty much all addressed.

Much more upside here, time will tell though.

[netcurtains] 05/11/2020 08:38

Sicknote I'm currently taking dog for walk. Sold half let other half play on

[discodave45] 05/11/2020 08:35

rivaldoThanks for that, yep impressive.

[rimau1] 05/11/2020 08:34

Took a few off the table on the bell this morning as i have been adding at Clipper on the retrace. My take is that all the good news was messaged in the recent TU (as should be the case). Just for Volvo’s benefit; efulfilment here is about 16% of revenues, Clipper is 55% of revenues and growing faster than Win. Clipper you pay a premium for a more profitable operation with no legacy restructuring or pension issues IMO and of course private equity sniffing around. I still hold both so i am bullish just weighted higher over there.

[rivaldo] 05/11/2020 08:25

No need dd45 - the £63.3m net cash is before the following movements all explained in the "Financial position" portion of the narrative:

"The Group generated a GBP73.4m net cash inflow in the period (2019: GBP4.5m) with a free cash inflow of GBP76.4m (2019: GBP22.4m). Included in the net cash inflow is the effect of approximately GBP55m of payment deferrals including GBP43.9m of VAT payments, GBP6.1m of pension contributions and GBP3.1m of corporation tax - these timing differences are expected to reverse in H2 FY20/21 and in FY21/22."

[s34icknote] 05/11/2020 08:24

Another one to look at net The works Figures reported today .Right up your street on cheap as chips valuations ignored by market .

[discodave45] 05/11/2020 08:13

RivaldoDifficult to get to grips on phone with note 12.Net debt with lease liabilities £53.9m