Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
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Only share that's blue for me today.
Wincanton has secured a three-year contract to create and run a dedicated delivery solution for Roper Rhodes, one of the UK’s leading independent suppliers of bathroom furniture and products. The contract demonstrates the company’s commitment to growth in the Home & DIY sector.
Wincanton’s IT expertise and in-cab technology will inform its solution for Roper Rhodes. It will plan, organise and execute the transport of goods from Roper Rhodes’ 200,000 sq. ft Distribution Centre in Portbury, Bristol, to customers across the UK, ensuring on-time deliveries through real-time telematics technology.
This technology will also provide customers with up-to-the-minute delivery information, enhancing quality of service and overall customer experience.
Roper Rhodes is moving from a shared network-based delivery solution in favour of Wincanton’s dedicated transport operation. This includes:
the supply and management of a fleet of Roper Rhodes-branded vehicles
scheduling and optimisation of deliveries
training and development of dedicated delivery teams
Paul Roper, Managing Director, Roper Rhodes, said:
“We selected Wincanton following an extremely comprehensive selection process.
“We were impressed with the professionalism of the Wincanton team throughout that process and we felt that there were real shared values between our two businesses.
“We are delighted to be working with Wincanton and look forward to enjoying the benefits this project will bring to our business.”
Paul Durkin, Director of Home & eFulfilment, Wincanton, said:
“An effective and efficient delivery model is at the heart of delivering a positive customer experience.
“By moving to a dedicated transport operation, Roper Rhodes can be sure of an efficient and reliable delivery proposition which meets the growing expectations of their customers.
“Roper Rhodes joins a growing list of top-tier retailers and suppliers in the Home & DIY sector, which we are delighted to call our customers.
“We look forward to working in partnership with Roper Rhodes, a company with which we share a strong South West heritage.”
Missed this on Thursday ...
http://www.cityam.com/268774/brexit-uncertainty-boosts-wincanton-profits
Canaccord Genuity just reiterated their Buy target 340.00p
In the light of today's results, they might be right ...
indeed. Excellent. Follows on from snippet last week about WIN upgrading their Transport Management system which is clearly a great forward looking move which will benefit WIN and customers alike.
https://ciltuk.org.uk/News/Latest-News/ArtMID/6887/ArticleID/19832/Wincanton-introduces-new-planning-software-as-part-of-multimillion-pound-fleet-digitisation-project
Half year results. Well done all at Wincanton.
Very positive. New pension arrangements will still allow business growth and progressive dividend. Excellent.
This seems to go down 2% A day ...is that Good ?
No, up 8p tomorrow down 15p the next day and so on
Does this share price only go down?
My understanding is that Wincanton is basically pension fund with a black hole rather than a typical company, and this is reflected in the sp. Latest pension news from Daily Mail 8/8 below, after which sp tanked :
Logistics firm Wincanton is to pay more to help plug the £221m black hole in its pension fund.
It will pay £17.3million each year until 2021 and £24.3million each year until 2027 to close the pension deficit.
That compares to payments of £14.1million last year and £20.9million in 2016. Bosses have also agreed to pay even more into the fund if the shareholder payouts rise by more than 10per cent each year. Earlier this year, bust builder Carillion was heavily criticised for putting payouts to shareholders ahead of its pension fund.
The changes follow a triennial review.
Chief executive Adrian Colman said the changes were ‘fair and affordable’.
Has anyone got any comments re the massive drop in the share value. If it goes down much more i will be bailing out to cut my losses.
We keep hearing about Wincanton contract wins and extensions yet it is never reflected in the share price.
Does anyone have an idea why it is being kept at a low price?
Surely it is undervalued?
Brokers say in excess of £3.00 is a true figure, yet it still hovers around £2.70
Wincanton, the largest British logistics provider, is extending its relationship with Ibstock Brick, the UK’s largest brick manufacturer, by four years.
Ibstock Brick cites the fact that Wincanton is a market leader in the sector with a unique set of specialist networks as a major reason in choosing to extend the contract, along with the relationship between the two companies which stretches back 20 years.
Wincanton manages 95% of the distribution of Ibstock Brick’s products and will be the sole supplier of transport at its new Eclipse factory in Leicestershire, which was formally opened by the Secretary of State for Housing, Communities and Local Government, The Rt Hon James Brokenshire MP at the end of June.
This new site will add a further 100 million bricks to the 850 million that Ibstock Brick produces each year, a crucial supply of materials to merchants and housebuilders in a market tasked by the UK Government to deliver 300,000 new homes per year by the mid-2020s.
Ranald Forbes, Director of Construction at Wincanton, said:
“Our specialised networks have been crucial to the extension of this relationship with Ibstock Brick, as well as our position as market leader in this sector. With a relationship spanning over two decades, we have grown with the Ibstock Brick business and we hope to continue to do so into the future.”
Tony France, Sales Director from Ibstock Brick added:
“Our relationship with Wincanton is very much a partnership. They are a market leader in what they do; their people, their ability to adapt to changes in our business (and our customers’), and their commitment to health and safety are just some of the factors which set them apart.
“We look forward to working with Wincanton at our new Eclipse factory which is an exciting development in the evolution of our business”
Another win for WIN https://www.insidermedia.com/insider/southwest/wincanton-awarded-hinkley-point-contract 10 yr contract to support Hinckley Point build
According to drivers based @ Argos. Wincanton has lost its container contract to maritime. Speaking to maritime drivers, they have said they have no idea how they are going to run it due to lack of drivers and kit. I guess this is to do with a lower cost bid by them. But they have other things in the pipeline concerning its container division so let’s see what happends...
Another great achievement for Wincanton with in construction in partnership with EDF power plant. Well done Wincanton
Great news for Wincanton today on the announcement re MTS partnership Greenford. Onwards and upwards. Well done to the Wincanton team involved.
Britvic returning to Eddie Stobart just over a year after Wincanton switch https://motortransport.co.uk/blog/2018/05/10/britvic-returning-to-eddie-stobart-just-over-a-year-after-wincanton-switch/ Sales reduction but profit uplift given losses over past 12 months?
Make the most of the next 6 days, full year preliminary results out a week today along with the dividend payment confirmation
A good day today up again hope this is going to keep up . It would be nice to see this hit �3.00
Nice to see the SP recovering, still expect sales of non performing aspects of Wincanton ie Pullman.
Hozz - sorry you may be right as I have a feeling the Snodland and Cuxton depots will/should be the one and same. However I look forward to the potential good news from a B&Q tie up which would be good and that will compliment the similar business wins they have for Wicks/Travis Perkins, I suppose from memory when I used to live in Leybourne the Ready mix lorries will be busy in that Snodland area now too! .
Win, win - excuse the pun, as expected this share is coming back fast. For the record the last conversation I had with an old friend mine who worked for Hays Distribution Logistics working out of Cuxton said as an artic driver wofrking the tractor units entirely for Tesco trailers he said that they had just been sold to Wincanton. So last call they do deliver for Tesco which they pciked up from Hays! Also as far as Britvic are concerned Stobarts were always at Britvics depot Chelmsford so no new win there I am afraid. Wincanton are actually the bigger of the two Comps and are bigger on Logistics than even the mighty Stobart -which by the way I also hold shares in, and they are doing well too, partly due to their Southend expansion. I expect Wincanton results to be upgraded very soon on new business wins. I would not write them off. .
Just announced Wincanton transport operations for Britvic Soft Drinks to cease and transfer to Stobarts by June.