The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Good to see JP Morgan buying and going above 5%, with 5.82m shares:
Https://www.investegate.co.uk/wincanton-plc/prn/holding-s--in-company/20210407150032PAF93/
Huge amounts of new warehouse space are to be built this year - should be good news for WIN:
Https://www.thetimes.co.uk/article/warehouses-are-the-new-boom-market-2crw0p39v
"Warehouses are the new boom market
Tuesday April 06 2021
A record amount of new warehouse space is due to be built in Britain this year as developers respond to rising demand for storage from online retailers.
Research by Knight Frank, the property consultancy, found that 40 million sq ft of new space is due to be built this year, double the amount completed last year. Much of the new space has already been leased to retailers and distribution companies ordering purpose-built properties.
Online sales rose £34 billion year-on-year last year and are expected to exceed £150 billion by 2024. Every billion pounds of online sales requires about 1.4 million sq ft of warehouse space, according to Knight Frank.
etc"
Good coverage this morning of Liberum's upgrade:
Https://citywire.co.uk/funds-insider/news/the-expert-view-deliveroo-provident-financial-and-bellway/a1488641?ref=citywire-money-latest-news-list#i=6
"Liberum: Wincanton rerating ‘firmly established’
Logistics group Wincanton (WIN) is tapped into a structural growth industry and the stock looks set to continue to rerate after the pandemic, says Liberum.
Analyst Gerald Khoo retained his ‘buy’ recommendation and increased the target price from 375p to 445p on the stock, which closed up 4.9%, or 18p, at 389p on Wednesday.
Khoo said logistics is a ‘structural growth industry’ with ‘outsourced supply chain management providing business-critical value-added support to customers’.
‘We see [Wincanton] as well-positioned to drive growth, building on a stable core business in more mature markets to tap faster growing sectors,’ he said.
‘With improving visibility and confidence that the end of the pandemic is in sight, and with the re-rating process firmly established, we consider it appropriate to remove this discount. Consequently, we raise our target price to 445p.’"
Bought a 1000 of these last summer and they are doing well.Nice.
This is indeed wonderful news, reflected in the price today. I'm jolly glad I bought last June and have been able to see the progress since then. I'm keen to see if the LFD contract recently awarded matches another stock I'm holding in anticipation of great things. That would be the icing on the cake!
Wincanton has been awarded a new contract to provide eFulfilment, stock management and final-mile home delivery services with fast-growing online furniture retailer Snug.
The three-and-a-half-year contract will see Wincanton fulfil all customer orders, with large products being delivered via Wincanton’s industry-leading two-person home delivery network. Wincanton will create an end-to-end supply chain for Snug comprising of the management of inbound container stock; inventory management and stockholding; pick and despatch of customer orders and the handling and processing of returns.
The agreement reflects Wincanton's reputation for high-quality services for multichannel retailers and its expanding role in the eCommerce marketplace. It also builds on Wincanton’s recent success in the home delivery space demonstrated by contract wins with Dobbies, Dwell, The White Company and Sofa Club in the past year.
Snug will become one of the principal customers at Wincanton’s new leading automated eFulfilment facility in Rockingham, Northamptonshire. The site has been designed to deliver highly automated eFulfilment services to multiple clients, reducing unit costs and shortening lead-times in response to the rapidly changing demands of the consumer. Wincanton will further invest in the facility to develop next-generation robotics and digital solutions to maintain its leading position in this exciting market.
Snug launched in 2019 offering the UK’s first-ever sofa in a box, provides high-quality sofas on-demand for simple, no-tools assembly directly in customers’ homes.
Numis have today retained their 480p price target which was recently upgraded, whilst Liberum have raised their price target to 445p (from 375p).
Lovely stuff - "Full year results anticipated to be above market expectations"....
All parts of the business are growing, and we have news of another giant eFulfilment centre being opened. Plus "New business secured with B&Q, Snug, Heineken and Kelkay".
The share price should continue to climb very nicely indeed:
https://uk.advfn.com/stock-market/london/wincanton-WIN/share-news/Wincanton-PLC-Trading-Update/84709635
Actually, its not material enough is it. Still good to see. Will no doubt get a mention in next update.
That's great news? Why no rns??
WIN appear today to have won a £15.1m contract for Lateral Flow Device Storage and Distribution through to this November....
Https://bidstats.uk/tenders/2021/W11/747044933
Wincanton has been awarded an initial three-year contract with Kelkay, the garden landscaping products manufacturer.
Under the new contract, Wincanton will provide Kelkay with a scalable transport service, comprising of store deliveries, fleet provision and maintenance, planning, scheduling and compliance. This will be underpinned by Wincanton’s leading innovative technology.
This work builds on Wincanton’s existing relationship as a trusted partner to Kelkay, which began in 2019, and saw Wincanton provide access to its fleet network. The new contract will see the Group manage the movement of some 20,000 orders-per-year from Kelkay’s site in Pollington, East Yorkshire, for distribution to over 2,000 retail locations across the UK and Ireland.
In order to meet the specific needs of Kelkay, Wincanton will operate from a transport planning hub in Wigan to manage load movements, utilising the Wincanton fleet network. A transport execution team will also be based at Kelkay’s site in East Yorkshire.
According to Mintel, the UK garden products retail market is forecast to see sales increase by 35.3% by 2025 as consumers focus on improving their gardens and outdoor spaces.
Screwfix store expansion all over the news today - note the credit is due to e-commerce. Good news for WIN as Screwfix are a major client:
Https://www.thetimes.co.uk/article/screwfix-store-expansion-creates-hundreds-of-jobs-w3j2g3hs6
"Screwfix store expansion creates hundreds of jobs
Screwfix plans to open 50 more shops in the UK and Ireland, creating 600 jobs because of the surge in demand for home improvements during lockdowns.
The trade retailer, part of the FTSE 100-listed Kingfisher group, said that roles would be available in retail management, service assistants and supervisors as of January next year.
Forty of the new branches with 500 jobs up for grabs will open their doors in locations across the UK and a further ten with 100 new employees in the Republic of Ireland. The move marks a milestone in Screwfix's efforts to bolster its store estate in the British Isles from 723, which employ 11,643 people, to 900 in the long term....
.....It credits a focus on e-commerce, using its stores as centres for click and collect deliveries, for its “rapid growth�. The launch of its new app was also a factor...."
Aberforth Partners have been buying and increased their stake to 12%, holding 14.95m shares:
Https://www.investegate.co.uk/wincanton-plc--win-/prn/holding-s--in-company/20210315135651P5262/
As posted just now on another bb......
"(Bloomberg) -- N+1 Singer Ltd initiated coverage of Wincanton Plc with a recommendation of buy.
PT set to 515 pence, implies a 45% increase from last price. Wincanton average PT is 424 pence.
Targets updated in the last 3 months range from 340 pence to 515 pence."
Cheers - excellent news.
Alstom, a provider of the widest range of smart solutions in the UK rail market, has renewed and expanded its contract for a further three years with Wincanton, a leading supply chain partner for UK business.
Under the new contract, Wincanton will extend the breadth of services which it offers Alstom, through the creation of a logistics facility designed to meet Alstom’s future service needs. Wincanton will provide a dedicated warehouse solution for the refurbishment of Alstom’s high-speed passenger train fleet - Class 390 Pendolino.
Wincanton will support the refurbishment through the establishment of a 71,000 sq ft warehouse facility in Haydock, near Liverpool. Materials will be migrated from an existing facility in Warrington to enable production support for the refurbishment programme. In addition, the facility will be used for both recycling and waste management from the site.
Alstom and Wincanton have worked in partnership since 2018, with Wincanton providing a dedicated service to manage and control the flow of materials for the maintenance and refurbishment of Alstom passenger trains in the UK.
Wincanton will continue to undertake inventory management for Alstom from a 44,000 sq ft shared-user facility in Blackburn, servicing Alstom’s ground transportation business, whilst managing all associated transport movements and depot deliveries1.
Over the past three years, Wincanton has delivered an 18% reduction in transport costs and achieved its sustainability target of 0% of waste to landfill.
Alstom has been part of the rail industry in the UK for over a century. One-third of all daily passenger rail journeys in the UK are on an Alstom train and half of the trains on the London Underground were made by Alstom.
Excellent news today - and likely more Waitrose "dark stores" in the pipeline:
VikingKev, the new 480p target from Numis was referred to by a poster on ADVFN. I have no other source!
https://www.wincanton.co.uk/news/press-releases/wincanton-delivers-for-waitrose-as-west-london-dark-store-opens/
"Wincanton delivers for Waitrose as West London 'dark store' opens
Press releases | 04 March 2021
Wincanton has started operations at a new Customer Fulfilment Centre (“CFC”, also known as a “dark store”) for Waitrose.com in Greenford, West London, making it the first supply chain partner to create a dark store for grocery home deliveries in the UK.
Waitrose.com selected Wincanton as its supply chain partner in order to fast-track the development of the CFC and respond to continuing demand for online shopping slots - especially from elderly, disabled and vulnerable customers. The initial five-year contract was first announced in June 2020 and builds on a 20-year partnership that sees Wincanton supply wines and spirits to Waitrose shops.
The dark store will create some 800 new jobs when it is fully running, with staff picking and packing some 1.25 million products a week for delivery in 150 new vans.
As a result of Wincanton developing and operating the dark store in Greenford, Waitrose.com has added a third CFC to its capabilities in London, complementing existing Waitrose sites in Coulsdon and Enfield to meet high demand. When fully running later this year the centre will deliver 25,000 Waitrose.com orders each week,?five times more online slots each week in London than before the pandemic.
James Wroath, CEO at Wincanton, said:
"As the first supply chain partner to create a dark store for grocery home deliveries in the UK, this is an exciting growth opportunity for Wincanton. We look forward to providing Waitrose.com customers in London with the highest levels of service.
"Dark stores will play a huge role in helping supply chains adapt to meet a new set of expectations as more retail purchases are made online and they will better enable businesses to serve customers, at scale."
Laura Burbedge, Waitrose.com Director, said:
"Waitrose.com now accounts for a fifth of our total business, compared to six percent a year ago. But despite this huge growth we know there are still more people who would like to shop online with us - so this new centre is a significant step in our future plans."
Hi rivaldo where have you seen the £4.80 broker target as the highest I can find is liberum at £3.75 cheers kev
Lovely start to the week - more new recent highs.
But still lots of headroom to Numis'480p target price.
I too sold out this week to jump into something else. Ah well, that's how it goes!!
Wincanton is flying on the wings of Clipper at the moment, the latter SP having taken off recently and whose P/E and market cap is well in excess of Wincanton. I hold both so am enjoying the ride.
Wincanton is flying on the wings of Clipper at the moment, the latter SP having taken off recently and whose P/E and market cap is well in excess of Wincanton. I hold both so am enjoying the ride.
Been here for years and was bored of it not going above 320 so sold out yesterday with the view of getting in around £3. Typical! Looks like I might not get that chance so good luck people.
Logistics is the place to be :o))