your reccall is correct.The CFO said that wouldn't pay a divi for the current financial year either.I hope. ,however, that next year the shareholders who have been starved for so many years will get a divi.They also said that from March 2015 on the onerous liabilities from old leases (20m) would decrease substantially which should enable them to resume divi payments.I hope the results won't suffer too much from the Driver shortage and the ensuing costs (see mkwarriors)
Can anyone see a dividend being announced in the near future (e.g. 12/18 months). I do recall somewhere that Wincanton had accrued debts prior to the credit crunch but was being well regarded in the way that it had managed them. I also recall, I think, that it was stated that debt reduction was taking a priority over returns to shareholders. Just wondered if my recall is correct and what other might think?
its because so many older drivers and also ones that are not fortunate to have a company pay and put you through it that have let it laps and now cant drive for a living. Wincanton have just given our general haulage drivers a 2k+ pay rise to bring them up to the core fleet wages.... also heard stobarts have given their drivers £3/hr rise and another I heard of gave 25%. All just to try and retain the drivers they have!!!!
why is the new cpc such a Problem.I think all Drivers should be keen on getting it.The Problem is certainly not confined to win and I suppose or better I hope that ultimately the customer will have to make up for the higher costs.By the way there is a tremendous shortage of Drivers in all industrial states.
Grassi you are correct ..... the new cpc is causing havoc, last I heard is wincanton are 200 drivers short nationwide. Drivers are being brought up hundreds of miles just to try and cover a small amount of our shortage. Great for drivers as money is being thrown at drivers to get them to work. This problem will only get worse for us as we get closer to xmas. Problem is it can only hit the company profits
I donT work for the Company.I have lost a considerable amount of Money as I have Held the Shares for many years.In the past it has been a blue chip Company paying excellent divis.Well,athing of the past.Now I cannot but hope for better times to come
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