Member Info for mkwarriors

The good news just keeps on coming, 5 year contract for warehouse and transport, bring on the interim results.....

Thankyou Grasi, but as an employee I am just very frustrated that the company is worth a fraction of what is has been / should be - considering the vast work load that is coming through our site alone. Are they letting something slip with - "The business at the operating level is doing well" or am I reading into it too much ???

 Sent an email to wincanton Chippenham and got this reply.      Thank you for your enquiry.   The Company announced in the 2011 Report and Accounts that dividends   have been suspended and that this suspension is expected to be   temporarywith a new dividend policy expected to be formulated and   announced in 2012/13 to reflect the Group's capital structure and the   shape of the business following the implementation of the new   initiatives arising from the strategic review.   We cannot comment on the share price specifically but understand your   frustration at seeing the fall in the share price. The Group has been   through a period of transformation with the disposal of our Mainland   European businesses and the need to re focus and in some part re define   the offering to the UK market and our customers. This has and continues   to be done with an economic backdrop that is not ideal and a balance   sheet which the current management team has inherited which is also less   than ideal. The business at the operating level is doing well but I   suspect the share price reflects the economic environment, the balance   sheet pressure and the fact that the retail side of the business is   perceived to be very challenging.   For a full update please see our full year results for the year ended 31   March 2012.   Kind regards General                                                                    enquiries                                                                  Wincanton                                                                 

Hi Yoda I am interested to hear how the last few days drop fits in with the BullFlag chart, as I can't understand why this share just continues to drop

Wincanton actually made a profit last year it was the costs in selling of the overseas part that put them at a loss. As a employee I see the transformation over the last few years, with all the new contracts and the vehicles running loaded most off the time it will only be time before the investors confidence comes back...

Hi quarryman, I should be expecting a rise with all the new contract wins, but with no dividend payments at the mo there is no insentive to buy the shares long term, so lots of proffit taking. Although market experts are predicting a 12 mth .75p - £1 share price. Looks like we'll have to wait till the interim results to see if we get some good news. Have you been looking at the charts - what do you think

Yet another. Contract win -Smyths toys, will be great for the volumes on wins vehicles at Xmas .

Didn't the last div get paid early 2011 so I would presume a statement came out to announce this just before, then the share price did a nose dive. I've known about Ella's kitchen for some months now and actualy thought it was common knowledge, I have heard of another possible contract win but at the mo its just hearsay. As for the financials I cant get my head around them, but disposing of international arm of the business and dividend freeze (which cost £5.5 million in 2011 @4.83p / share) is a good start, and to reduce the dept from £160 mil to the current £115 mil is not bad. About 12 - 18 months back I remember the other famous haulier had the same level of dept.

I presume quarryman is referring to Ella's Kitchen that was announced on the wincanton web site 3rd sept. This is just another in a long line of contract wins / renewals in the last 6 months. Hopefully it won't be to long before this share price is further up to where it belongs.

Just topped up another £5k last week to bring average to .59, having worked for win for the last 9 years I see how the transport side has changed for the better (much better). The decent agm meeting was the deciding factor in me topping up, i'm in for the long haul and even when I reach my average I wont sell untill I'm far north of it. IMHO Wincanton is still vastly undervalued.

The dividends were suspended early 2011 to help reduce debt, they said it will be reviewed late 2012 -2013. May be another reason people are not buying these shares at the mo......

Wincanton are still one of the biggest logistics companies with around 6500 vehicles on the road, which is more than the other famous haulier, difference is we have long term hire vehicles with the logo but the rest are spot hire ones, this is why you don't see wincanton on the road as frequent as some. Been to some of the contracts that we have lost and they have found the grass isn't greener on the other side. So prob won't be long till they come running back IMHO. Got a lot of shares in win both payroll and personal so won't be selling soon. Averaged down to .76 so may be time for more...

I,m with you Dustydoodle, I can't understand why the shares keep on going south, with all the recent contract wins and renewalls (asda, sainsburys, premier foods, kiddi care, heinz and more....) it doesnt make sense. Wincanton now operate as one - all moving each contracts goods there by reducing empty traveling and saving fuel. On the contract I work on up untill recently we could deliver the goods then travel 4hrs back empty - not very bright with the current cost of fuel. Also they now have there own agency called wincanton one fleet who's drivers go to various contracts where work is available reducing costly 3rd party agency drivers. All this restructuring will take time to return to profits and low debt, but in the mean time i'll keep on buying the shares and taking the free ones they match with mine. IMHO