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Agreed. But hasn't done much to the S/P yet.
Wonder why not?
Another fantastic piece of news today as wincanton secures a 5 year contract with the white company
A luxury lifestyle reatailer
Only transport contract upto now! the warehouse the warehouse operation is expanding tho
mkwarriors
I'm sure you are right, but where did that information come from?
Wincanton looses Heinz contract from July
Rise this am prompted by the takeover offer for Clipper logistics I think.
You never know. Could be us next.
Excellent rns today regarding q3 results this just proves we are going from strength to strength! This has got me really looking forward to end of year as they have already said they are expecting to exceed expectations! How much by now will be very interesting! It has been nice too being able to pick up cheap shares before today's news good luck to all holders
Yes a good set of results.
The Group has continued to see strong trading across all four business sectors, with high demand for its services. Group revenue grew by 15% compared to the same quarter last year, or 14% excluding the impact of acquisitions and disposals. Given the strong Q3 performance, and with greater certainty regarding the mitigation of cost pressures, the Group now expects full year profit to exceed current market expectations.
I don't currently hold Wincanton, but thought it might be of interest to other holders: https://www.unitetheunion.org/news-events/news/2021/november/wincanton-lorry-drivers-on-morrisons-contract-secure-huge-pay-increase/?fbclid=IwAR3IiiJOPk3IaKsI44GMJDS2TW6wxEnOTawl793gG5b_s5AzMqYKCueBQwg
Great rns this morning half year results are very encouraging and an interim divi of 4p is great too
It will be interesting to see whether all of the driver's say there when take over by wincanton
Looks to be a good win for Wincanton as Primark seems to be one of the few stores on the high streets with increasing shop counts year on year as well as having an online business.
https://www.kentonline.co.uk/kent-business/county-news/primark-to-open-new-stores-257131/
Good luck Rivaldo we're all here to make money and sometimes the risks with investing seem to be stacking up against us however after our recent dip it seems we have got a bit of forward momentum going once again! I believe we're are still in a very good position at the moment and going forward. We seem to be reacting to the driver shortage very well, we have had numerous warehouse team members move over to transport at our site and warehouse to wheels is back which has already been inundated with applications. The driver shortage will roll on for years to come but I believe we are addressing the situation very well good luck with your investments and hopefully we will see you back soon
I decided to sell out, having had a rethink since my last post a week ago. I had quite a large holding here and have doubled my money, having sold over a few tranches finishing today, so happy to leave some for the next man.
All of the problems regarding increased costs, lack of staff etc have now been exacerbated by the shortages of CO2 and the knock-on effects for food and other production and distribution.
The risk/reward tells me that the upside here has changed for the worse and is therefore limited at best for a while to come, whilst the potential downside has increased.
Good luck all. If the industry-wide problems recede I'll certainly be back.
Interview with Jamie Constable - from 4:40mins
https://youtu.be/jA4Zdcrm18M
peel also goes to 500p on this report. this acquisition is all about bigger margins going fwd, in a nut shell.
Liberum have today raised their target price to 520p:
"BUY, TP raised to 520p from 510p
On our revised estimates, Wincanton trades on a March 2022E P/E of 11.0x and EV/EBITDA of 7.0x (pension adjusted, using the NPV of deficit repayments). We see this as wholly undervaluing a group delivering medium-term double-digit underlying EPS growth (masked by an increase in the tax rate this year), providing crucial supply chain services to mainly blue-chip customers, with strong and growing exposure to structurally high growth customer sectors. We raises our DCF-based target price to 520p from 510p on higher forecasts. Our recommendation remains BUY."
"Reinforcing Wincanton’s Digital and eFulfilment offeringWe see this as an attractive deal. Cygnia has a strong client base with mid-market retailers and health & beauty brands, including BrewDog, Moonpig, Molton Brown, Revolution Beauty, Whittard of Chelsea and Feelunique. It operates out of four sites in the UK, using a shared user warehouse model. Its services include the full range of online fulfilment activities, along with returns and parcel carrier management. The acquisition is consistent with Wincanton’s strategy of pivoting to faster growing activities within contract logistics. Digital and eFulfilment is the smallest but fastest growing of the group’s customer segments. The acquisition of Cygnia should reinforce Wincanton’s offering in this area. In particular, the mid-market exposure should complement Wincanton’s current strength with larger customers. Having a mix of larger and smaller customers provides good options to fill multi-user sites and accommodate customer growth, including the recently-opened Rockingham site."
Good to see WIN trading nicely in line with expectations, despite the driver shortages, with confidence in the year end outcome.
And earnings will rise from today's terrific sounding earnings-enhancing acquisition. Acquired from WIN's cash resources, Cygnia has a fantastic set of clients, including BrewDog, Moonpig, Molton Brown, Revolution Beauty, Whittard of Chelsea and Feelunique. Revolution Beauty in particular are about to IPO and are expanding fast, as are Brewdog and Moonpig:
Https://uk.advfn.com/stock-market/london/wincanton-WIN/share-news/Wincanton-PLC-Acquisition-of-Cygnia-and-Trading-Up/86030967
News just up on WIN's web site:
Https://www.wincanton.co.uk/news-and-media/press-releases/wincanton-announces-major-contract-extension-bae-systems/
"Wincanton, the largest UK-based supply chain business, has extended its framework agreement with BAE Systems, a provider of technology-led defence, aerospace and security solutions, for five-years.
The contract extension builds on existing services provided by Wincanton for BAE Systems, incorporating supply chain solutions across its Air Sector and UK shipbuilding operations, extending a 23-year relationship.
Wincanton will continue to provide transport, warehousing, materials management, packing and inspection services to BAE Systems, underpinned by the delivery of continuous operational improvement and efficiencies.
etc"
Win have just been awarded a further 5 year contract with BAE surprised weve not had an RNS about it yet but good news none the less
What do people think is keeping the price suppressed? - I know there is a driver shortage but was still hoping this would move up slowly but stuck in 420-450 range since April. I guess one to look at again in 6 months / a year.
the prev days close was unrepresentative. if you take a two day view, the shares are slightly higher on a report that can be called a positive sandwich. they confirmed strong trade, although warned about a driver shortage, but that they were taking steps to mitigate this. so two positives and a negative inside that. so the shares are a little higher on the week.
So why the negative response in the SP?
Good stuff - can't ask for much more than this in an AGM statement:
"The Board confirms that the strong revenue performance recorded in the second half of the prior year has continued into the first quarter of this financial year, with sustained growth and an attractive pipeline of opportunities in each of the Group's four sectors. Wincanton continues to make operational and strategic progress and it is trading in line with expectations. Profits are up significantly on the same period last year."
In addition, the driver shortage is referenced and being addressed positively.