Wincanton Share Discussion Threads

[s34icknote] 04/2/2021 09:13

Also let's remember win are paying down there pension deficit .Finishes in 2025 ? ? All that cash to come in divs for long term holders .This will be a cash cow

[volvo] 04/2/2021 08:42

12 times 2022 price/earnings, hardly generous but a step in the right direction.

If as I expect in March, the forward outlook for 2021-22 will improve further dramatically as the roll out of Waitrose and e-fulfillment along with everything else logistics.

Asda deal would be another game changer

[rivaldo] 04/2/2021 06:46

Cheers HE - and excellent coverage on Citywire this morning of that initiation:



"Wincanton is undervalued, says Peel Hunt

Balance sheet improvements have reduced the risks for logistics group Wincanton (WIN) and its 50% discount is ‘unjustified’, says Peel Hunt.

Analyst Alex Paterson initiated coverage with a ‘buy’ recommendation and target price of 385p on the stock, which closed up 2.8%, or 8p, at 293p yesterday.

‘Given the improvement to the balance sheet, significantly reducing the risk of additional capital requirements, and upgraded growth outlook, supported by robust current trading, we believe the stock is undervalued,’ he said.

The shares currently trade at just 9.5 times 2021 price/earnings and 8.9 times 2022 earnings, which Paterson said represented an ‘unjustified’ discount to peers of more than 50%.

‘We therefore initiate coverage with a “buy” recommendation and 385p target price based on 12 times 2022 price/earnings,’ he said."

[horndean eagle] 03/2/2021 19:34

(Bloomberg) -- Peel Hunt initiated coverage of Wincanton Plc with a recommendation of buy.

PT set to 385 pence, implies a 35% increase from last price. Wincanton average PT is 360 pence.

[s34icknote] 03/2/2021 12:29

Topped up too !

[qs99] 03/2/2021 12:14

Have bought some more today. Such an RNS ahead of their y/e IMO shows great confidence and this should be nearer £4 and have bought on that premis, no idea why it has dipped below £3 again....DYOR

[volvo] 03/2/2021 11:06

Far far to cheap....closing trading statement in about 6 weeks will read just like the others, strong trading and higher and higher demand.

This is a growth stock, the Asda contract will run to about £250m plus per annum if Wincanton takeover all logistics including regional dark stores....Tesco?

Still taking new employees on at a very high level, restarted the apprenticeships scheme on a large scale too

[s34icknote] 03/2/2021 09:59

Next leg up ?

[volvo] 03/2/2021 09:25

new strap line with todays RNS...

About Wincanton

Wincanton is the largest British third-party logistics (3PL) company, providing
supply chain solutions to some of the world's most admired companies across a
wide range of industries including retail, construction, defence and energy.

As a trusted and respected business partner, we design and implement services
and solutions that range from setting up and operating distribution networks,
through to bonded warehouses, technology hosting, container transport and
storage. We strive for operational excellence in everything we do.

We work hard to understand and respond to our customers' needs, build long-term
relationships and use our skills and expertise to deliver a smarter, added
value service, every day. Our customers rely on us to make their businesses
operate more efficiently and to gain a competitive advantage in their sector.

[volvo] 01/2/2021 10:22

Something brewing again here price pressure building on the upside on no volume.

Whats clear is UK warehousing and logistics are clearly enjoying a massive resurgence, outsourcing mania.....and Wincanton is right in the middle of this....valued at a fraction of other players.

Someone will make a bid here unless we see this share re rate's. Based on current updates and future near term (Waitrose, Greenford £80-100m per year) potential 500p is realistic

Edit Asda talking to 3rd party logistics companies, as they look to sell off warehousing, leaseback, and bring in 3rd party to run delivers currently covered in house. Wincanton currently handles Asda vehicles maintenence.

[volvo] 29/1/2021 14:06

Maybe the directors should put out last weeks excellent trading statement again accompanied with a few '???????'

All these movements are on tiny volume.

Waitrose recruitment now 70pc-80pc complete, training starts in Feb and it goes live about 4 weeks from now....massive achievement and well worthy of a news update 25k to 30k delivery's a week, stored picked and delivered

[s34icknote] 28/1/2021 20:21

Eps 34/36 precovid With growth this could push 40p Re rate pe 18 ?

[volvo] 28/1/2021 14:21

sicknote, bought more today average 290p, never been more certain that the company is trading exceptionally well and has many new vacancies for head office and else where in digital e-fulfillment, returns as well as general stuff like account managers etc etc.

Attracting profitable work everywhere. Expansion drive is on.

Right place right time

[s34icknote] 28/1/2021 12:07

Gonna finish blue !!

[s34icknote] 28/1/2021 11:09

A safe as houses stock in choppy waters

[s34icknote] 28/1/2021 11:07

Good top up time !When are full year results due ??

[volvo] 28/1/2021 09:50

Another company I have been trading the last 6 months, Scapa, was quietly taken out by a US company yesterday.

The Times suggested in January that Wincanton was a sitting duck at this valuation, this 10pc drop from highs leave the door open....the UK's largest third party logistics company for £500-600m!

The latest update spelt out the current and future trading. Super busy.

[volvo] 27/1/2021 15:14

That would be a nice feather in the cap.

Todays action was to take the share price sub 300p to shake a few stop losses and weak shareholders.

All strong here

[celeritas] 27/1/2021 14:15

Volvo, yeah same chatter is Tesco.

[volvo] 26/1/2021 16:40

Three on the trot 500p....when the market wakes up sees Wincanton are run off their feet just keeping up with demand there will be a run on the shares, hard to believe but watch this space.

[volvo] 26/1/2021 07:11

Our biggest market

.....Ocado rose 64p to £27.54 – signalling a continued willingness by investors to bet on rising demand for grocery delivery services.

[s34icknote] 25/1/2021 11:33

Solid recovery stock in a wobbly market !!

[dplewis1] 25/1/2021 07:58

Oh I only just realised I got my WIN divi.. nice!

[volvo] 25/1/2021 07:18

....we remain committed to attracting, retaining, and developing the very best talent in our industry to continue to build supply chains that provide the solutions modern retailers and manufacturers need.

Hence the glut of of new recruits