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WIN have just been tipped in today's Evening Standard as a stock to benefit from the online shopping boom.....
Https://www.standard.co.uk/business/online-ecommerce-tips-wincanton-ocado-hut-group-thg-londonmetric-segro-ds-smith-a4552861.html
"Wincanton
After you’ve clicked for your online order, someone has to deliver it to you. Wincanton runs the lorries and vans that will get them from the warehouse to your door.
Its share price crashed badly during Covid because it has big businesses trucking petrol and building materials around the country. At a time when construction sites were closed and nobody was allowed to drive anywhere, that wasn’t good for business.
But its online delivery work for shops was trading strongly, particularly once social distancing restrictions were lifted to allow its two-men-and-a-van operations to resume delivering furniture and other goods for customers like Ikea and M&S.
Wincanton also runs warehouses for big companies’ online logistics, recently winning a contract to run one of these “dark stores” for Waitrose
It’s also working smarter to help smaller online businesses distribute out of spare space in its warehouses – a potentially big market ahead.
The shares might take a while to recover, particularly as it had to axe the dividend this year, disappointing shareholders who have seen numerous struggles at the business over the years.
However, with previous problems mainly fixed, Wincanton looks like a decent long-term bet."
The writer concludes:
"For the best value growth, my money would be on Wincanton and Tritax Big Box."
The offer price is up to 202p - come on WIN....
Concerns over a second lockdown
bought into this last month expecting a good update as was delivered but always seems to give back its gains has been doing this time and time again in recent weeks.
cannot figure out why ? anybody got any suggestions.
Liberum are very positive, have raised forecasts by 14%, and retain their 320p target price:
Https://citywire.co.uk/funds-insider/news/the-expert-view-ocado-astrazeneca-and-wincanton/a1399297?ref=citywire-money-latest-news-list#i=4
"Liberum backing momentum at Wincanton
Logistics group Wincanton (WIN) has enjoyed ‘continued improvement’ and Liberum has upgraded its forecasts.
Analyst Gerald Khoo retained his ‘buy’ recommendation and target price of 320p on the shares, which rose 14.4% to 206p yesterday.
‘Management expects the current year to be materially ahead of previous expectations,’ he said.
‘Wincanton has seen a continued improvement, with digital and e-fulfilment an area of particular strength.’
Khoo raised forecasts by 14% and said Wincanton had ‘clear positive momentum, despite some customers still not having returned to normal activity levels’."
WIN must surely too now attract some tip/press attention. For starters it should be featured in tomorrow morning's press.
SCSW featured WIN in their April'20 edition, and that was when the share price was 240p. They will surely follow up in the next issue or soon thereafter.
"EARNINGS UPGRADES
Numis analyst Steve Woolf upgraded his earnings forecasts for the second time in two months, commenting: ‘Improved demand in eFulfilment and group-wide operational efficiencies have driven an 11% increase in our earnings forecasts.
‘Wincanton's activity in supporting on-line retail is increasing, and we believe the potential to access higher growth from this area is not yet factored into the share price. We reiterate our Buy rating’."
Https://www.sharesmagazine.co.uk/news/shares/wincanton-ups-profit-outlook-on-strong-summer-trading
WIN look even cheaper now - a lot more upside coming soon. I've topped up on this morning's dip.
Good coverage here, with a little analyst comment as below:
Https://www.cityam.com/haulage-firm-wincanton-sees-shares-jump-on-home-delivery-surge/
"Shore Capital analysts said that today’s announcement was a “further positive” for the firm after the string of contract wins.
“The strong performance in both digital and e-fulfilment is consistent with the commentary from the logistics sector, in general”, they added.
“The fact that results are expected to be materially ahead of market expectations, is likely to be well received by the market.”
202.00 GBX +22.00 (12.22%)
9 Sep, 08:07 BST · Disclaimer
not trading yet ,
could be over £2 today
Aaaah - the best sentence that investors can wake up to....
"the Board expects results for the current year to be materially ahead of market expectations"
Very undervalued now.
The balance sheet remains healthy, with strong cash collection and a robust working capital position.
Given the combination of Wincanton's improved trading performance, cost intervention measures and the recovering economy, the Board expects results for the current year to be materially ahead of market expectations. This continues to assume no further COVID-19 impact that severely affects the business.
Not long to build a stake then :o))
Great to see Unicorn Asset Management increasing to over 5% per yesterday's RNS. The 193p/194p bid price is nicely solid despite a few small sells.
And WIN have been shortlisted four times - the most of any nominee - in the annual Supply Chain Excellence Awards:
Https://www.logisticsmanager.com/supply-chain-excellence-2020-awards-shortlist-revealed/
https://motortransport.co.uk/blog/2020/08/28/wincanton-takes-delivery-of-volvo-tankers/
Wincanton has won a three-year contract to provide home delivery services for Dwell, the furniture retailer.
The agreement will see Wincanton manage a range of customer eFulfilment solutions for Dwell across the UK and Northern Ireland; including click and collect deliveries to stores, and store replenishment from the Dwell Distribution Centre in Milton Keynes.
Dwell customers will also benefit from Wincanton’s bespoke “white glove” home delivery service, where orders are delivered by two-person teams of highly skilled technicians. This service includes an enhanced delivery booking system, which offers delivery date selection, regular order updates and a confirmed two-hour delivery slot.
In addition to this, Wincanton’s Home Delivery Network fleet is equipped with 360-degree cameras and telematics technology, as part of the Group’s commitment to placing safety and efficiency at the heart of its operations.
Dwell and its customers will benefit from the innovation and expertise Wincanton brings with its W2 digital innovation programme which includes further investment in cloud-fulfilment systems and robotics to drive online growth in the home, and health and beauty sectors.
Paul Durkin, Managing Director of Digital and eFulfilment at Wincanton, said:
"We are excited to be partnering with Dwell and to take on the responsibility of delivering the great customer experience that will contribute to their continued growth. As a market-leader in eFulfilment services, Wincanton’s home delivery solution will enhance Dwell’s customer proposition whilst reducing their cost to serve."
Emma Long, Chief Operating Officer at Dwell, said:
"Making sure our customers receive the best experience when they shop with Dwell is a big part of why we’ve chosen to partner with Wincanton. Their ability to deliver great customer service and help us to better manage our costs will support our exciting ambitions for growth."
https://motortransport.co.uk/blog/2020/07/28/wincanton-secures-five-year-extension-with-sofa-firm-loaf/
Wincanton has extended its warehousing contract with home furnishings firm Loaf for another five years as it moves to drive growth in the home, health and beauty sectors. The warehousing contract will be serviced from Wincanton’s new e-commerce facility in Nuneaton, Warwickshire, which will open next month. Wincanton manages the end-to-end supply chain for Loaf including warehousing services, order fulfilment, carrier management and two-person home delivery. The first beneficiaries of the new site in Nuneaton will be Loaf and health
Well that didn't last long!
Buying coming in at 206p now.
Clipper at 375.In the past they have Always been lower than win.Let*shope that their meteoric rise bodes well for win
Why has this shot up? Been getting lots of good news recently but hasn't done anything to the SP. :)
Looking good - hopefully just the start of a large re-rating.
can anyone explain to me why Clipper is so much better than win?
Wincanton has met a tight deadline to launch its fifth distribution centre for tools trade customer Screwfix. Located at Prologis Park in Stafford, the 128,000sq ft DC will open on time next month. This latest facility is the second Screwfix hub that Wincanton has opened in Stafford. Other DCs operated by Wincanton under its Screwfix contract include sites at Lichfield and Trentham. Wincanton said the new site will help Screwfix meet its peak period demand and is big enough to allow
https://motortransport.co.uk/blog/2020/07/20/wincanton-opens-fifth-dc-for-screwfix/