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Leading commentator Josh Mahony from IG - are we seeing a US$ revaluation? Watch here

Leading commentator Josh Mahony from IG - are we seeing a US$ revaluation?


Wincanton Share Chat (WIN)



Share Price: 252.00Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on Wincanton
Spread: 0.00Spread as %: 0.00%Open: 253.00High: 0.00Low: 0.00Yesterday’s Close: 252.00


Share Discussion for Wincanton


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londoner7
Posts: 170
Off Topic
Opinion:No Opinion
Price:255.75
RE: Why so downbeat on this board
7 Aug '17
Because there was a profit warning last month, which to anyone following this company came completely out of the blue. That's why I don't trust this management. At least until they can explain how it went so wrong between the the report outlook comment 2 months into Q1 and the end of Q1.

Londoner7
 
VikingKev
Posts: 11
Off Topic
Opinion:No Opinion
Price:254.75
Why so downbeat on this board
4 Aug '17
Each time I look in on this board most posts seem so downbeat! People saying they don't feel valued by management and the company in general! However as an employee for over 12 years working in the warehouse on one of its flagship contracts I am telling you that this is not the case across the board! Yeah management have changed over time but I believe they have brought a fresh approach to to company! The share price tells you how far the company has come in the last 6 years since the major dip at 30p! Myself and many work colleagues feel more valued than ever and actually feel like our opinions and ideas are taken seriously and often acted upon! People where complaining about the share drop many years ago worried that the company would go bust due to the really low share price, however that was the best chance to gather a large holding and wait patiently for the obvious turnaround imo. This company in my view is in safe hands. People will always scaremonger on boards such as this and yes contracts have been lost bust some fantastic contracts have taken their place! As for the pension deficit that has been reduced dramatically! This was always a big problem as it was very excessive we are in a great position to move forward and I'm sure we will.. lth worry not this company has plenty of legs left yet....
SPUP
Posts: 183
Observation
Opinion:Buy
Price:251.00
RE: 300+
14 Jul '17
A good few days so far this week. I'm probably only in for the medium term. It seems to be going the right way at the moment. I came in at 237.45 and I still expect to get to the 300 mark.
londoner7
Posts: 170
Off Topic
Opinion:No Opinion
Price:245.00
RE: 300+
12 Jul '17
"more likely experienced traders/ chartists seeing a short term opportunity."

Or, considering the "off book" transactions highlighted by Grasi, it is a transaction between two broker houses to have available stock for the routine "on book" transactions.

There may be something to read into sustained "off book" trading but it is beyond the skill and patience of this particulat PI.

Londoner7
chanjael
Posts: 153
Off Topic
Opinion:No Opinion
Price:245.00
RE: chanael
12 Jul '17
Grasi, thanks for the informed response much appreciated. If you have a magic wand, can you abracadabra an SP of 275p please . . . Cheers
londoner7
Posts: 170
Off Topic
Opinion:No Opinion
Price:245.00
RE: londoner margins
12 Jul '17
"wants to preserve the benefits which they derivefrom their Bitish activities,they will have to increase their margins in GB"

I agree.

But I wouldn't hang my hat on the fx impact being a game changer for WIN. Looking at operating profit and revenue for last year their net operating margin is 5%. If the fx impact is 10% then a foreign competitor may derive a 4.5% equivalent margin. Does that mean they would not compete aggressively for a contract that might run for several years? I doubt it. Currency movements can unwind.

Currency hedging is typically used where costs are in a different currency to revenues - in order to maintain margins. I think we agree that is not a key factor here. The squeeze on margins will come from costs higher than antisipated, or revenues lower than antisipated, depending on the detail of the contract. Domestic and foreign companies face similar chalenges. Your insiders may have insight to this.

The risk to any business operating in an environment with low barriers to entry, and no "economic moat" is that the resultant small margin disappears entirely. That may be a factor in one part of WIN's business. At the interim stage we will know if the squeeze is contained to this part of the business or not.

Londoner7
Grasi
Posts: 257
Off Topic
Opinion:No Opinion
Price:248.00
chanael
12 Jul '17
sorry,I didn't answer the second part of your question.There is no direct correlation.But weeks before a Takeover volumes normally increase strongly,especially on the off book market where you negotiate the deals.The Brokers often don't have enough volume on their books.If an interested Party wanted to buy a large amount of Shares the Price would increase immediately and often dramatically,as the Broker would have to offer higher Prices to get more volume.
Grasi
Posts: 257
Off Topic
Opinion:No Opinion
Price:246.75
chnanjael
12 Jul '17
you find them on the hompage of the London stock Exchange-enter win,then Prices and volumes
Grasi
Posts: 257
Off Topic
Opinion:No Opinion
Price:246.75
londoner margins
12 Jul '17
if the american parent Company or for that matter the European one wants to preserve the benefits which they derivefrom their Bitish activities,they will have to increase their margins in GB,otherwise the Transfer of British benefits to the parent Company will lead to a decrease of ist Profit barrin any other mitigating measures (rationalisation,,hedging-though profits are not normally hedged,only assets
londoner7
Posts: 170
Off Topic
Opinion:No Opinion
Price:252.25
RE: 300+
12 Jul '17
SPUP, beyond a price target what are the broker views? Any detail on profit expectations?

The Mail tip makes no reference to the recent profit warning in the AGM statement, which is something of an omisiion. I find it hard to believe that the large buys that have come in this morning are based on that tip. Perhaps there's an inside element or more likely experienced traders/ chartists seeing a short term opportunity.

One definite inside element is the report of a director sale (Liam McElroy) of 193K shares on Monday.

I see this as a traders stock until the interims. As an investor looking to get back in for the long term I'll be looking for evidence of progress at the operating level, and weighing that against my loss in faith in the management, which , for me, can only be addressed by a better explanantion of the sudden change in guidance between May and June.

Londoner7




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