In the short term use of agency drivers covers shortage, at extra cost obviously. Like my own career wages are often cyclical; shortage of resource leads to higher wages, leads to more people taking up career, leads to oversupply, leads to lower wages, leads to shortage of resource etc.etc. So this situation comes and goes As for sellers dumping as sp rises, twas always thus... everybody including me has a point at which selling becomes irresistable. Despite recent sells we're now at a twelve month high with broker sentiment that says more to come. Dont panic!
I see the driver issue as a day to day HR issue which won't stop any business striving for new business wins, linked to the fact that Wincanton don't just win business linked to drivers as a key driver. They have many sectors. OMHO but do your own research into the business. Their web site speaks volumes.
how can they possibly tender for new business if they have no drivers.mkwarriors who is also an insider maintains that the shortage is 200 drivers and that they throw a lot of money on their drivers just to retain them.I'm condemned to be optimistic as I still nurse some losses.Whenever tey seem to get off (150.90 one hour ago) you can be sure that someone will dump his shares and the sp falls back
Hi Farmer, my opinion is based on longer term, 12 months say. The BoD's are making great progress with a supporting workforce. Correct, reducing debt has to be a substitute for no dividend because the business will become stronger on the back of it. I'm a long termer here and think WIN have a perm place in this sector. I would to see more news flow on business wins as they happen but I trust Mr Born and his team. Elad
No much unfortunately as I don't work in operations. It's obviously an industry-wide problem of an ageing workforce not wanting/able to spend thousands on CPC training. There are initatives to bring in amongst others, ex-services drivers and Eastern Europeans. I doubt extra costs can eaasily be passed on given the market forces continued downward pressure on costs.... however, that's just my opinion.
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