The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Large trades for the second day.
A positive write-up on Motley Fool:
Https://www.fool.co.uk/investing/2021/02/09/uk-stock-investing-one-of-the-best-dividend-shares-id-buy-right-now/
Conclusion:
"But for those like me looking for strong and sustained dividend growth over the long term I think Wincanton is worthy of close attention today as the e-commerce market continues to grow."
Excellent coverage on Citywire this morning:
Https://citywire.co.uk/funds-insider/news/the-expert-view-ssp-astrazeneca-and-science-in-sport/a1459641?ref=citywire-money-latest-news-list#i=6
"Wincanton is undervalued, says Peel Hunt
Balance sheet improvements have reduced the risks for logistics group Wincanton (WIN) and its 50% discount is ‘unjustified’, says Peel Hunt.
Analyst Alex Paterson initiated coverage with a ‘buy’ recommendation and target price of 385p on the stock, which closed up 2.8%, or 8p, at 293p yesterday.
‘Given the improvement to the balance sheet, significantly reducing the risk of additional capital requirements, and upgraded growth outlook, supported by robust current trading, we believe the stock is undervalued,’ he said.
The shares currently trade at just 9.5 times 2021 price/earnings and 8.9 times 2022 earnings, which Paterson said represented an ‘unjustified’ discount to peers of more than 50%.
‘We therefore initiate coverage with a “buy” recommendation and 385p target price based on 12 times 2022 price/earnings,’ he said."
Some massive buys today.....
Great day for logistics - 2 superb Q3 reports. ESL Imminent
Yup, very happy with that update....
HSBC have raised their price target to 365p...hallelujah!
It should surely be closer to 450p-500p....
Https://www.streetinsider.com/Analyst+Comments/Wincanton+Plc.+%28WIN%3ALN%29+PT+Raised+to+GBp3.65+at+HSBC/17838946.html
297.00 GBX +25.00 (9.19%)
20 Jan, 08:01 GMT · Disclaimer
Pandy2 my thoughts are Market Makers and the city lowering to allow buys which undeniably there have been a great deal since the slight retrace. Onwards and upwards I’d like to think with today’s news delivery and a strong finish to the year with a snippet of new, unannounced business wins in place in the public sector and yet to be officially delivered. GLALTH
The Trading Update I was talking about on 8th Jan.
Grasi - What is your level of confidence now? :-)
Bingo - "the Board expects profitability for the current year to be materially ahead of market expectations".....
Digital and e-fulfilment is roaring ahead, and every one of WIN's four core divisions is growing. Plus of course, "Further significant new business in Digital and eFulfilment for both Waitrose and Dobbies, will commence before year-end.".
WIN needs to be at 500p or so from memory to have a similar rating to Clipper et al. Loads of upside here imho.
Bloomberg:volatility kills confidence-this is probably the Explanation for the lack of confidence I have observed for so many years
As I said. This share is so random!
Here I was thinking we were heading back to £3 and £2.5 suddenly looks more likely. Any reason for this I wonder?
Anyone else here confused about how the wincanton share price is calculated?
It seems to just have its own rules. One minute we could be 5% up and then someone could sell a fivers worth of shares then we’re suddenly 5% down! R
So random ;)
Yep - nice and steady increasing SP for this off the Twitter herd radar stock.
It’s a no brainer that a UK focused logistics company will see increasing revenue / profits due to ongoing lockdowns where people have to turn to online for their purchases. Even when eventually the pandemic is behind us (2022 ?) so many people in UK will likely stay with online shopping due to the time saving convenience they have experienced....
Furthermore it’s noteworthy that they went ex- dividend last week (7th Jan with payment due on 22nd Jan) but it has not caused any negative impact to the rising SP......that is a very good sign of the positive market sentiment here.
Would not be atall surprised that once the SP hits the 300s it will get noticed and really take off with increased trading volume, especially if they soon were to issue an anticipated positive trading update....;)
Buying coming in at 290p....
You didn't answer my Question but it doesn't matter
Grasi - if I like a share, I’m in. If I don’t, I’m out. It really isn’t anymore complex than that in my head!
Did you buy in the last fortnight?honestly.?lack of confidence Need not Always be conscious
Wincanton £3.60 prediction. Last Sunday’s FT stated primed for takeover.
Wincanton plunged, as did the whole sector as you said linked to COVID but a great performance throughout the sector sees all Logistics sp increasing. Even Eddie S is going up. One to watch to be honest as a AIM share at sub 10p.
Well if I had a lack of confidence, I wouldn’t be here :-)
I agree.A few days ago we all believe that WIN would rise substantially and yet I am Pretty sure that None of us have bought in.This is the result of this nagging lack of confidence which I cannot explain.The only Explanation that Comes to my mind is the fact that all too often the Shares plunged again.Last year they plunged from 2,90 to 2,45 in one go having reached 3,19 shortly before.(before Covid 19 rattled the logistics sector)
Agree with comments but do believe we need a Trading Update. That will of course do what it says on the tin and everyone can interpret the facts within and make their own mind up. I anticipate a TU in the near term. Great to see the current SP rise.
Finally getting somewhere. With all the news recently and possibly new contracts coming up this should clear £3 within the month but who knows for sure with this one!?
Off we go....buying coming in at 283p-285p now.