Ocean Wilsons Share Price (OCN)

With all the spare cash they could buy a stock that has a solid base and good management , is busier than ever , pays a great dividend and whose share price is on the climb . It goes by the ticker Port3 . Also the dividend declared yesterday will give Ocean Wilsons another 12 million US (before tax) on the 28th March

Wilson Sons have announced that approval has been given by the regulatory authorities to allow SAS to acquire tye Ocean Wilson stake. SAS have bought another 12% in the last how months so will now own 68%..but will want at least 75%.wilson closed at 17.35.

Now we will find out what Oceans plans to do with the 15 or 16 dollars cash,

Figures wednesday..expect a dividend of a dollar and maybe some indications of a special divi…

Odd that OW has chosen not to RNS the approval…

Wilson & Sons also put out a new Institutional Presentation on 29th Jan !

Visit there website to view it.

The RG Terminal reached 61% Utilisation in 2024 (that's up from like 47% in 2023 if memory serves me correctly)

The Salvador terminal reached 91% Utilisation in 2024 (that's up from like 74% in 2023 if memory serves me correctly).

Clearly they will need to start filling in the back-area of the terminal to increase the capacity from 553K of TEU's per year to 924K.

LOTM

January's data is out! for Wilson & Sons

I wouldn't say either terminal had a spectacular month, quite a few cancellations especially at Salvador ( which has some nice early numbers in Feb!)

Yet having said that volume for the month was up from 95,600 TEU's to 125,400. An increase of 31.3% on Jan 2024.

Those utilisation rates are climbing fast (RG was up 45% on Jan 2024) so possibly headed for 80%+ in 2025.

Meaning profitability is markedly on the increase, unfortunately we're not going to be the ones reaping the rewards of it MSC will instead.

LOTM

Positive write-up but he didn't take into account the R$ issue, 7% loss of value over 7 weeks ! on sale price.

While he did a lot of work on the Investment portfolio, he failed to see that the portfolio has only increased by what was it 20% in 17 years!

The dividend data is incorrect maximum that can be issued is $22M per quarter & therefore the maximum amount OCN would receive is around $12M per quarter (thankfully that amount was priced in $ not R$).

The tender offer stuff is just rubbish, 50% of holders taking it up ! the 2 families control over 50% for goodness sake, a Material fact never mentioned in the whole document!

A counter off isn't coming SAS have already snapped up 12% of Wilson & Sons shares in the open market on the cheap.

LOTM