We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
What trading statement? There was one on 9th September.
Clipper P/E 6.72. Wincanton P/E 30.7. No brainer. Could be a diversionary move.
Wincanton plc
WIN
220.00 GBX
+19.00 (9.45%)
prior to tomorrow's trading statement, which should be rather good judging by prior statements.
Later today and tomorrow
There are news reports this morning about a number of buyout funds cating their eyes over Clipper - this from the Times today:
"The stock closed up 1.6 per cent at 487½p yesterday, valuing the business at almost £500 million. It has rallied 79 per cent this year thanks to the boom in online shopping during lockdown while it also won a government contract to distribute PPE."
All this is surely bound to increase market interest in WIN.
Friday 2 October
Wincanton PLC Trading Statement
Sudden move up to 207p after a 235,000 share buy at 203p, which seems to have cleared the decks. At last!
There should be a lot of upside from here imho.
on friday buying pressure seems to be building sp could break out this week.
Hello....bid price now up to 200p, and buying is at the full 201p offer.
Looking interesting....
Wincanton recently won contracts with Waitrose for home delivery in London and a major contract with Morrison's for distribution and vehicle maintenance of its delivery lorries. The group also runs warehouses for big clients including Screwfix.
Yodel is the latest delivery company to put the call out for more drivers as the economy shifts to shopping online. The group said that it needed 3,000 more staff as it expected business to increase before Christmas and particularly as the government has signalled tighter restrictions on people going out. Yodel says that 2,500 of the couriers or parcel sorters it is recruiting for its 50 centres nationwide will be self-employed. Another 450 new recruits will be offered full-time posts. It has a workforce of about 10,000 and is owned by the family interests of the Barclay brothers, the billionaires who own the Telegraph group. Yodel came out of their takeover of Littlewoods in 2002.
good spot that could be the revenue
turnover £
What is the CIO talking about when he speaks of a 1.45 billion company?
Certainly not Wincanton.
why is clipper double the market cap of this , crazy - so either clipper is at the wrong market cap or this is at the wrong market cap
I suspect its a bit of both, they should be about 200mill mcap and this should be 350mill mcap
crazy
there are not many shares in issue here either
lol yeah this is like 100% undervalued
Clipper Logistics are now at new highs - the Times this morning is reporting rumours of bid interest, especially as it was looked at by Sun Capital earlier this year.
You'd have thought attention would turn to WIN given (1) the disparity in valuations (CLG are on a far higher rating than WIN) and (2) takeover interest for a major competitor.
https://www.logisticsmanager.com/wincanton-opens-stafford-dc-for-screwfix/
23-Sep-20 10:26:51 195.75 250,000 Buy* 193.50 197.00 489.38k
WIN have just been tipped in today's Evening Standard as a stock to benefit from the online shopping boom.....
Https://www.standard.co.uk/business/online-ecommerce-tips-wincanton-ocado-hut-group-thg-londonmetric-segro-ds-smith-a4552861.html
"Wincanton
After you’ve clicked for your online order, someone has to deliver it to you. Wincanton runs the lorries and vans that will get them from the warehouse to your door.
Its share price crashed badly during Covid because it has big businesses trucking petrol and building materials around the country. At a time when construction sites were closed and nobody was allowed to drive anywhere, that wasn’t good for business.
But its online delivery work for shops was trading strongly, particularly once social distancing restrictions were lifted to allow its two-men-and-a-van operations to resume delivering furniture and other goods for customers like Ikea and M&S.
Wincanton also runs warehouses for big companies’ online logistics, recently winning a contract to run one of these “dark stores” for Waitrose
It’s also working smarter to help smaller online businesses distribute out of spare space in its warehouses – a potentially big market ahead.
The shares might take a while to recover, particularly as it had to axe the dividend this year, disappointing shareholders who have seen numerous struggles at the business over the years.
However, with previous problems mainly fixed, Wincanton looks like a decent long-term bet."
The writer concludes:
"For the best value growth, my money would be on Wincanton and Tritax Big Box."
The offer price is up to 202p - come on WIN....
Concerns over a second lockdown