The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Good news this morning - and Liberum have today reiterated their Buy and 320p target:
Https://investing.thisismoney.co.uk/broker-views/
Https://uk.advfn.com/stock-market/london/wincanton-WIN/share-news/Wincanton-PLC-eFulfilment-facility-new-Loaf-cont/82934646
"Wincanton announces new eFulfilment facility and five-year contract extension with Loaf
Wincanton plc, the largest British third-party logistics company, today announces the creation of a new dedicated eCommerce facility in Nuneaton, Warwickshire. The site will service its high growth eFulfilment business, to begin operations later this month.
The first beneficiaries of this new site will be existing Wincanton customers, home furnishings brand Loaf, and health and beauty company Neal's Yard Remedies. Wincanton will operate the facility under its W2 digital banner, with plans for further investment in cloud-fulfilment systems and robotics. This will accelerate online growth in the home, and health and beauty sectors.
As part of the transition, Wincanton has secured a new warehouse contract with Loaf for a further five years. Wincanton manages the end-to-end supply chain for Loaf including warehousing services, order fulfilment, carrier management and two-person home delivery.
James Wroath, CEO of Wincanton, commented:
"This new site, along with the new contract with Loaf, is a clear demonstration of Wincanton's capability and commitment to supporting our customers' growth and digital plans. A relentless focus on superior customer service and innovating through technology is key to continuing both our and their success in eCommerce."
Charlie Marshall, founder and CEO of Loaf, said:
"Wincanton has been a long-standing partner of Loaf. We are excited to continue this partnership in the new Nuneaton facility, which is well set up to support our ambitious growth plans."
Https://uk.advfn.com/stock-market/london/wincanton-WIN/share-news/Wincanton-PLC-eFulfilment-facility-new-Loaf-cont/82934646
"Wincanton announces new eFulfilment facility and five-year contract extension with Loaf
Wincanton plc, the largest British third-party logistics company, today announces the creation of a new dedicated eCommerce facility in Nuneaton, Warwickshire. The site will service its high growth eFulfilment business, to begin operations later this month.
The first beneficiaries of this new site will be existing Wincanton customers, home furnishings brand Loaf, and health and beauty company Neal's Yard Remedies. Wincanton will operate the facility under its W2 digital banner, with plans for further investment in cloud-fulfilment systems and robotics. This will accelerate online growth in the home, and health and beauty sectors.
As part of the transition, Wincanton has secured a new warehouse contract with Loaf for a further five years. Wincanton manages the end-to-end supply chain for Loaf including warehousing services, order fulfilment, carrier management and two-person hom
3 quarters of a million buy.Wow
part of a five-year plan, the CFC in West London will be up and running this financial year and is expected to handle 25,000 orders per week. As shown by results from Ocado (OCDO), which previously provided home delivery for Waitrose, the online grocery market is growing at an exponential rate.
The Waitrose deal is a ‘fantastic opportunity’ for Wincanton to expand into this fast-growing market, to quote chief executive James Wroath.
Cheeky 50k buy @1.94
James Wroath, CEO, commented,
"I would like to thank the team again for their extraordinary efforts throughout the COVID-19 crisis, and the inspirational way they have demonstrated resilience and agility in delivering for our customers. Despite the challenges COVID-19 has presented us, the Group has been successful in winning new business and renewing existing contracts, positioning us well for future growth".
Strong buy.
The combination of our strong new business performance, early cost intervention measures and the recovering economy mean that we expect our full-year underlying profit before tax to be significantly ahead of current market forecasts and not less than £30m. This assumes there is no further COVID-19 impact that severely reduces our volumes from current activity levels.
I wonder if it was a good idea to recruit three Managers in times of Crisis:I suppose that each will make 100000 Pounds a year or more
Some chunky buys coming in.3 quid next year and nice divi.
Signed some fab deals and hardly any debt.Divi will be reinstated soon.
Bought a few.Bargain.
mms have dropped this to where the price was 5 years ago, gits.
Ocados been super busy
RNS incoming
I ask myself the same question another day when the market has trapped the selling
What is going on ??
win at 183,clg at 328. what's wrong with win?
https://motortransport.co.uk/blog/2020/07/02/wincanton-hails-benefits-of-blockchain-technology/
Anything 1.86+ is a buy Amazing could not sell any last week it was totally illiquid The difference now !!
Wincanton lands Waitrose.com fulfilment centre deal
Motor Transport (blog)-3 hours ago
Wincanton has won a five-year contract to operate an online fulfilment centre for Waitrose.com in Greenford, West London. The move is part of ...
Wincanton to run London online fulfilment centre for Waitrose
Logistics Manager-3 hours ago
Waitrose boosts shopping slots in the capital
Talking Retail-4 hours ago
Waitrose reveals plans for third online warehouse
Essential Retail-4 hours ago
Waitrose to open a third fulfilment centre in London
Post and Parcel-5 hours ago
Coronavirus: Waitrose delivery expansion to create 800 jobs
Local Source-Sky News-3 hours ago
View all
This is huge news
Boom
decent trade from 180p
Will buy back in for a trade if decent entry point.
"Like other key members of the supply chain, we are all experiencing exceptional volumes that we would typically see around Christmas. D
British third-party logistics (3PL) company, Wincanton, will continue to manage the storage and distribution of wines and spirits for Waitrose & Partners after signing a three-year contract renewal with the Partnership.
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From its HMRC-approved bonded warehouse facility in Greenford, London, Wincanton will coordinate the distribution of around 12.5m cases of wines and spirits for the retailer every year.
The operation will serve Waitrose’s network of supermarkets, convenience stores and service stations, as well as Waitrose Cellar, totalling close to 365 outlets across the UK.
A Waitrose & Partners spokesperson said: “We have a long-standing relationship with Wincanton. Over the many years we have worked together, Wincanton has proven itself to be flexible and responsive in support of category growth.
“Their expertise in the area of Bonded storage is also essential and valued by Waitrose & Partners. We see Wincanton as a trusted provider that will help Waitrose to build on its position within the UK grocery market.”
James Hurrell, Director of Grocery at Wincanton, said: “Extending our long-standing and much valued relationship with Waitrose demonstrates our strength and expertise in grocery logistics. Wincanton prides itself on its excellent level of service, innovation and commitment to continuous improvement, and this contract extension is evidence of success in what we do every day.
“We are proud to have worked with Waitrose & Partners for more than 20 years, and we look forward to building upon our solid partnership based on collaborative working, flexibility and trust.”
decker articulated trailers which was an investment of £2 million.[9]
In March 2016, Wincanton launched EnergyLink, a network based in the United Kingdom to support greater flexibility in delivery services for the energy sector.[10]
In April 2016, Wincanton gained further growth of its operations at the Port of Southampton after moving to a new base and investing in new equipment, supported by extra rail capacity. [11] In June 2016, Wincanton renewed its distribution deal with J Sainsburys PLC for an additional five years. The business has been a customer of Wincanton for the past twenty one years.[12]
In July 2016, Wincanton renewed a contract with The Co-operative Group for a further five years, which brings the contract to twenty five years. As part of the agreement, around seven hundred staff of Wincanton and a fleet of more than five hundred vehicles will support the Co Op, by making around 130k journeys each year to as many as 1,000 stores of the Co-op across the United Kingdom.[13