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I agree with others, Wincanton is an undervalued share and has been for a long time after the 3 pound peak last summer. Wincanton and Pullman have significant volumes through Sainsbury’s and Asda so this can only get stronger after the obvious synergy reductions in volume. The only issue will be whether it gets passed by the CMA though after the precedent set by Tesco and Booker I can see a cry of ‘foul. If not. A long-term strategic buy as opposed to a short term opportunity I think
Wincanton don�t Tesco�s anymore. They decided to pull both Wincanton and DHL to improve cost. The Wincanton site where Wincanton were doing at snodland, that contract on the transport side has gone to container operator, maritime. I�m also hearing about possible good news from B&Q on the transport side which is currently being run by XPO so watch this space...
Good buy this one I think!
Pleased some agree that this should benefit from the newly announced Sainsbury deal with Asda as a lot more work will come this way in my opinion, this could be a very shrewd buy.
Could,be worth a punt this one, as I hear Wincanton Transport Services supply logistics for Sainsbury's having just renewed a new contact with them for up to five years they should gain more business if the Merger with Asda goes ahead.. By the way they also supply services to Tesco, and Wicks/Travis Perkin's group, and ready mix.
By Ben Martin LONDON, April 16 (Reuters) - Gatemore Capital Management has built a stake in Wincanton and called on the British logistics company to break itself up by selling one of its two divisions, according to a letter sent by Gatemore to its own investors. The asset management firm, which often pursues activist campaigns at companies where it has bought shares, said in the letter it had built a 2 percent stake in Wincanton. Gatemore believes the company, which has a market capitalisation of about 284 million pounds ($406 million), is "a sleeping giant whose intrinsic value is underestimated by the market," according to the investor letter seen by Reuters. Wincanton traces its roots back to 1925, when it started as a milk distribution business, and has since grown into a haulage and warehousing company with a fleet of about 3,600 vehicles. It is organised into two main divisions, a retail business that supplies grocers and general retailers, and a construction and transport business that handles industrial products such as bricks and fuel. The firm's retirement scheme had a deficit of 69.3 million pounds at the end of September, a shortfall that a division sale would help to resolve, according to Gatemore. "We have engaged in constructive discussions with Wincanton's management and, in private, are calling for the company to conduct a strategic review, sell one of its two divisions, fund the pension, and refocus the business," Liad Meidar, Gatemore's managing partner, wrote in the letter. "In due course, we will discuss our ideas with other large shareholders and seek their support in promoting productive change in the company." A spokeswoman for Wincanton did not immediately comment. Gatemore is familiar with the British logistics market, having built a 24 percent stake in courier and logistics business DX Group, overhauled its board, and helped the firm with financing. Its proposal for Wincanton comes amid a rise in activist investment in Britain, aimed at boosting returns for shareholders. Recent campaigns include a push by U.S. hedge funds Elliott and Sachem Head for leisure company Whitbread to split its Costa coffee shop chain from its Premier Inn hotels business, and an unsuccessful attempt by Sandell Asset Management to force supermarket giant Tesco to lift its takeover offer for wholesaler Booker. ($1 = 0.6993 pounds) (Reporting by Ben Martin; Editing by Mark Potter) Read more: http://www.dailymail.co.uk/wires/reuters/article-5620963/Investor-Gatemore-pushes-break-logistics-firm-Wincanton.html#ixzz5CxMcXVaS Follow us: @MailOnline on Twitter | DailyMail on Facebook
Eccles Gatemore capital Management Look it up Yahoo fiancé by Ben Martin
thats a good with no news carry on .
even a rather positive trading Statement plus very positive Broker recommendations don't move the needle.Volume remains disappoiningly low and None of our Blogger community friends deems necessary to voice his opinion.Very strange,indeed
the trading Statement should Warrant much higher sp.liberum buy 375
Has anyone got any idea what is happening with the SP it's up and down. Is there a chance it may grow to the expected rates that most people thought last year £3.50 to £4.00 or is that only a dream now?
I have not seen it on here that puller mans loss contract with coop at St Helens as of 3 April its going to be Haydock commercial in there . ?
sorry they sold 20%.I should have been more careful
unicorn sold 1% of ist stake in the Company-reduced ist stake from about 5%to 4%
The Problem with my theory:I think I understand how the buyers operate but who sells such large amount of Shares.Either the seller is stupid or he knows sth we don't which would be very worrying.I hope the'll issue a trading Statement at the beginning of April which should clarify the Situation.Hope to hear from some fellow boggers
Isuppose nobody understands what's going on.I venture nevertheless to submit some observations:ever since the half year results were announced we could observe that towards the end of the trading session the sp retreated/plunged and a few days later we could observe huge Volums-yesterday for examle 181000 at 217.I suppose that this reflects the tactics of to funnds which have now more than 5% each.They buy on the cheap.Even on days when the nes is positive this strategy seems to work .Robert,imo People like you could perhaps reassure our community.By the way another unfotunate occurrence a Manager sold 3500 Shares at 226.Very unprofessional.
Do any of the more informed members on the forum have any ideas as to why the share price seems to have started a terminal descent....again. So frustrating With year end just weeks away I would have assumed investors would be sitting tight in anticipation of a fairly healthy dividend
Hozz2002 Stobart got the contract for agg industry That meant they had to do the concrete blocks out of torr works in Somerset Since they took it over I have been told they are well behind on deliver customers used to phone up one day they got it the next day now it’s 3 weeks + stobart will never take over the construction side of Wincanton It would not surprise me if Wincanton take agg industries of stobart Look what happened when stobart tried doing car transporters you don’t see them now Win are big in construction and Iam am glad to be part of it
Wincanton lost some of its work on the britvic contract to stobart. Plus Wincanton lost its contract to stobart on the Cemex contract. According to some stobart drivers, a lot are refusing to do it so this contract might not last to long. I also heard from very reliable source at stobart is to lose 4 contracts between now and may. 1 is to do with delivery of bricks.they also mentioned that they didn�t like the way Wincanton treated them so now they are going for most of what Wincanton do.
Berenberg bank Price target 210 Q!!! What do they know we don't know.
Another £1.6m invested today by someone in two chunks. Someone or some institution buying in to the future. A fantastic invest opportunity at this price. Roll on £3.00 + once again
I have to say I didn’t see that coming ! 6.44% uplift in 1 day, I have made less than that in 12 months?
Up and down like a *****s knickers
XPO Europe Revenue growth at costant Exchange rates 7,6%.Demandaccelerated withthe greatest growth coming from Fashion and e-commerce,especially in the UK
I think logistics is one of the most demanding sectors to work in. lot of big companies(i.e.Tesco) take logistics in-house.If a logistics Company wants to win them back it must be able to lower costs.Hence pressure on the employees and their ensuing dissatisfaction with the jub-understandable.Sometimes logistics companies Resort to illegal practices to remain competitive.XPO-ex Dentressangle had a host of legal Problems in France before they were taken over by Jacob.They illegally employed Drivers from east-european countries.I think that being amanager inthisdector is a very tough Job and requires a lot of social competence -a Quality which is unfotunately in short supply.