Bowman
28 Jun 2018
AGM Trading Update WIN released an AGM trading update this morning, which hardly says anything at all. It certainly does not appear to have moved the SP at all.
nk1999
07 Oct 2017
Liberum From Citywire (2 days ago):"Liberum eyes Wincanton’s attractive valuation at WincantonLogistics specialist Wincanton (WIN) may have to shoulder restructuring costs of up to £7 million but Liberum still believes the shares offer good value.Analyst Gerald Khoo retained his ‘buy’ recommendation and target price of 375p on the stock after a ‘broadly reassuring’ first-half update. The shares rose 1.4% to 238.3p yesterday.‘Trading is in line with expectations, although previously-flagged trading headwinds for the industrial and transport division have continued,’ he said. ‘Management is cutting costs in response to this, but also to pre-empt anticipated future cost pressures from inflation and various statutory measures. Exceptional restructuring costs of up to £7 million are anticipated, with some offset from a £2 million one-off pension credit.’Despite the cost pressures, Khoo has not changed his forecasts: ‘We remain positive, with the valuation remaining attractive.’"
Callun
29 Jun 2017
Re: What the !? Contrast today's statement with "We look forward to the future with confidence in the Group's ability to grow for the benefit of all its key stakeholders" from the FY results announced just over a month ago.The contardiction does not give confidence in what we are being told. If this is a mild profit warning then beware the old adage of them arriving in threes.Callun
Meanbugger
29 Jun 2017
Re: What the !? Yes the shares seem to have over-reacted and this could be a buying opportunity. Following on from Northgate's disappointing final results, the market is currently very sensitive towards slightly negative news even for modestly rated midcaps like Wincanton.My concern is over the lack of revenue growth but as long as they improve margins and pick up new distribution deals I think the shares will give a very satisfactory return for patient investors.
Blanketstacker
29 Jun 2017
Re: What the !? "The Group has experienced weaker than expected performance in some of its transport-related contracts and activities and these have created some trading profit headwinds in the first quarter. These are expected to be largely mitigated by continued operational efficiencies across the business during the remainder of the year. Taking into account further reductions in the Group's net finance charges, the Board anticipates that profit before tax for the full year will be broadly in line with expectations." This seems like a mild profit warning.
Bowman
29 Jun 2017
What the !? I read the AGM Statement, but could not really see anything that justified the ~10% drop this morning. Has anybody got a clear explanation of why it dropped so far this morning?
Meanbugger
19 May 2017
Re: WIN, Gap UP And Chart Breakout......... £3 reached today. The shares still look very good value.
Meanbugger
16 Jan 2017
Re: WIN, Gap UP And Chart Breakout......... Apologies I meant Tesco. Thanks for picking up my mistake.
Meanbugger
16 Jan 2017
Re: WIN, Gap UP And Chart Breakout.......... Great chart. 250p reached £3 the next level. Losing the M&S contract gives them spare capacity for better margin business like the deal with IKEA. Onwards and upwards.
oldjoe1
28 Dec 2016
WIN, Gap UP And Chart Breakout.......... WIN Wincanton, moving up nicely today. Won a Four-Year Distribution Deal With IKEA In UK just before Xmas. [link] : Wins Four-Year Distribution Deal With IKEA In UK12/21/2016 | 07:34am GMT</b>LONDON (Alliance News) - Retail logistics group Wincanton PLC on Wednesday said it has won a four-year distribution contract with Swedish furniture giant IKEA.Wincanton will provide operational development services and support two new distribution centres for IKEA in the UK. The firm will lease and fit-out the warehouses on IKEA's behalf with a combined space of 500,000 square foot.No financial details on the agreement were disclosed.Copyright 2016 Alliance News Limited. All Rights Reserved., source Alliance News<b><u>Valuation 2017e 2018e</b></u>P/E ratio (Price / EPS) 9,97x 9,36xCapitalization / Revenue 0,26x 0,25xEV / Revenue 0,29x 0,27xEV / EBITDA 5,04x 4,85xYield (DPS / Price) 3,75% 4,04%Price to book (Price / BVPS) - -1,97x
bigmacone
20 Nov 2016
Mail on Sunday - Midas = Buy Logistics firm Wincanton is really going placesLorries and warehousing are the unsexy part of business. But while logistics may not set the pulse racing, it is essential to the operations of wholesalers, retailers and manufacturers dealing in anything from aerospace components to baked beans. Get it right and logistics can be key to a company’s efficiency, so it is worth paying for. And the companies that provide the lorries, warehouses and computer systems that manage schedules and storage can be a cash cow, earning a steady income and paying out steady profits and dividends. One such is Wincanton and, despite a strong share price performance over the past few years, its shares still look undervalued. On top of that, the group looks set to start delivering a decent dividend.Midas verdict: Wincanton turned the corner some time ago, but the market has not yet caught up with its real value. Its forecast dividend yield of 4.3 per cent is enough alone to merit considering buying these shares. Should the market revalue the stock, there could be capital gains as well. At 208p, the shares are a buy.Full story:-[link]
Iron Felix
24 Sep 2016
Why the monster spread... ...at the end of today's trading ? Last trade @ 196, but "sell" @ 198, -yet "buy" @190 !!
nk1999
18 Jun 2016
Telegraph- Questor "Wincanton187.25p -0.75pQuestor says BUYThe haulage firm Wincanton has seen its shares move more than 16pc higher during the past week after a solid set of results showed the benefits of a multi-year turnaround, and we still think the company looks well placed for further gains or a takeover....................Shares in Wincanton have endured a tough year, falling 3pc so far as fears grow about the stability of the UK economy. However, it doesn’t really have to do anything to meet market expectations with forecast revenues and pre-tax profits flat at £1.1bn, and £35m, giving 23.6p in earnings per share. The shares look cheap trading on eight-times earnings and offering a prospective dividend yield of 4.5pc."[link]
Callun
09 Jun 2016
Re: Dividend reinstated A very positive set of results go with this divi, with no negatives. I like the fact that management had a plan for the recovery and implemented it without drama. Their forward looking plans are conservative and sensible, evidence IMO of a well run company.I'm more than happy to hold these shares, but today's leap in the SP makes a top up too expensive. There will be better opportunities, probably.I agree with you Bowman that the large trades yesterday raises the question of leaked information, but they are such blatant standout trades I feel there must be a less sinister explanation.Callun
Bowman
09 Jun 2016
Re: Dividend reinstated The reintroduction of the dividend is welcome and no doubt was a key aspect resulting in yesterday's and today's surge. In addition, I notice that the Pension deficit has been cut by about 27% (£39m) compared to 2015, and I suspect this also contributed to the sp rise.The worrying aspect is that part of the sp surge occurred before the results were published, which implies that there was some advance knowledge in play. Maybe the Financial authorities need to look at yesterday's trades and who made them.
