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Given the year, to be only £20m off last year's revenue is brilliant!
Dividend payment has also been reinstated and the company is growing with its recent contract wins.
Back to 300p I reckon - should be a nice jump today, especially given £150bn stimulus package just being launched.
Yes, I'd like to see 250-275p based on the following comments:
During the period, Wincanton secured notable contracts including:
· A dark store and online home delivery service for Waitrose
· eFulfilment operations with Dwell, Loaf, The White Company and Wickes
· Additional transport services with Morrisons
· A new distribution centre to support further Screwfix growth
· A renewed contract for all Asda operations
· A significant PPE storage solution to support the NHS
The Group is expected to have a net cash position of approximately £60m at 30 September 2020 (net debt at 30 September 2019: £14.8m).
Very solid given its history, the historical share price, and given COVID.
Stepping into customer fulfillment opens up huge opportunities - a move into OCDO AMZN's space.
Buying coming in at 220p now...looking encouraging with those H1 results out tomorrow - remember that:
"On 9 September 2020, the Group updated the market that the Board expected results for the current year to be materially ahead of market expectations at that time; this guidance remains unchanged. "
Looking forward to seeing how Wincanton are getting on, especially with the Waitrose contract. Total game changer for the company, starts on the same tracks as OCDO, but with more depth of contacts already established (more retail contracts in place to fulfil)
Jolly,
There are better value picks to be had but I believe the investment case here is that WIN is turning itself around. If they demonstrate that I reckon this'll head to 275-300p.
Will detail my thoughts more fully at some point (preferably when I'm invested first haha) but I feel there's a lot to like here IMHO
Interim results
The Group will announce its interim results for the six months ended 30 September 2020 on Thursday, 5 November 2020.
Win is under value and current SP is reflecting a business that is struggling. If it was struggling, it wouldn't be acquiring more storage capacity. Clearly expects more business. This type of press release is significant given where the mcap is currently. IF you look at Clipper and how that share moved, Win has similar potential. Interims out 5th November. Lets see if I am right then
give it a break
plenty of decent (probably better!) value elsewhere...
the b/s here is hardly rock solid, for example
tp 160-180p
Market missing this !! I may have to buy more before herd arrives. Totally undervalued share if ever I saw one!
This was not dropped in an RNS, but take a look at this peeps!!!
https://www.wincanton.co.uk/news/press-releases/wincanton-adds-over-500-000-sq-ft-to-its-property-portfolio/?utm_source=property-addition-twitter&utm_medium=social&utm_campaign=GNL
Yes mate, ESL was a nice rise. I didn't have much in that, but took some profits. Yeah I think you could be right with another positive news announcement on its way soon with Wincanton. Hopefully next week, or week after. Either way I am happy to sit on these for a long while.
If Clipper mcap can match its revenue figures, imagine the mcap and SP if Wincanton was to match its Revenue figures!!!
moreprofit
did you see #esl rise some 50% on a good update.
I think next week Wincanton can do better on update.
only my opinion on but fundamentals and Technicals looks good.
I'm joining the dots from previous RNS's and online forums. most likely update next week. nothing 100% until rns lands, however my gut feeling is next week some good news, like ESL had beginning of the week.
OOh, interesting about the update next week. Where did you hear about that? I know they have been selling parts of the business, so maybe update on selling another business line?
moreprofit
I agree this should be around 350p easy. under the radar and undervalued. looks like most missing the potential update next week.
I have loaded up big here while its quiet and under the radar, but now I have fully loaded, I am ready and waiting for the market to wake up to this. So I think it deserves a little nudge from me. This business is doing very well and certainly at the very least should be seen as a great defensive stock for this recession and long term investors to put their money. Its also a great recovery stock for the short term and the technicals nicely aligned with the fundamentals so 50% upside imminent in my view.
310p next stop
hard to ignore this
Clipper has a mcap of £526 million against Wincantons mcap of £260 million.
So lets look how that stacks up in comparison to broader fundamentals:
Clipper has revenue of £500 million
Wincanton is almost 3 times that at £1.4 billion!!! And yet mcap is way less than half the price!
Clipper has pre tax profits of £20 million.
Wincanton has pre tax profits of £49.3 million!!!! Thats more than double and yet Clipper is trading at twice MCAP!!
wow
that's huge difference in mcap compared to #clg
massively under the radar
Clipper has a mcap of £526 million against Wincantons mcap of £260 million.
So lets look how that stacks up in comparison to broader fundamentals:
Clipper has revenue of £500 million
Wincanton is almost 3 times that at £1.4 billion!!! And yet mcap is way less than half the price!
Clipper has pre tax profits of £20 million.
Wincanton has pre tax profits of £49.3 million!!!! Thats more than double and yet Clipper is trading at twice MCAP!!
Can anyone see what I am getting at here!!
Market missing something???!!!!
Clipper trading at 520p and Wincanton at a lowly 209p currently
I see rerate coming here very soon. 310p next resistance line, so I expect Win to hit that. They are streamlining the business nicely to focus on core operations. This company will survive the recession and is a great recovery stock yet to make its move. Short term I see 50% minimum upside conservatively.
Wincanton is the best risk reward buy currently in my view.
Agree that this is probably worth 300p+
Don't see any urgency to rush in though, and feel this may well drift sub 200p, so I'm going to bide my time for now.
This is a bargain now. If this stays at these levels, I am topping up big. Great long term recovery play and I feel true present value here should be around the 300p mark.
RNS said so mate DYOR
Rumour has it wincanton has sold the container side of it's business to maritimeI don't know if this is true or not.
It's got to be a bargain when compared with Clipper which trades on a P/E Clipper can only dream of. If Clipper does get taken over, Wincanton must be next in line.