Member Info for Sisyphus

Jumped in after watching for entry point. Solid growth company in must-have equipment arena. Excellent outlook. If interest rates held today should benefit overall.

Wilsons peaked in late June on logistics and possible sale news at R$13.90. It has bounced back strongly and stands today at R$13.60. By contrast OCN has hardly budged from its recent fallback. There is a clear disparity which should quickly be redressed and OCN should comfortably bounce back to £10+ and then relate on RNS divestment news. DTR.

Agreed, I'm holding 60k at 11.6 av and larger holding in OCN as a short term assets well over MCap and probable near term crystallization move. Both look sound with Hardide having plenty of surprise upside. Why it hasn't been gobbled up as it hits cash breakeven really surprises me. There are plenty of cash rich companies out there who could absorb HDD rather than the numerous share buybacks around.

Lots of 920 sells being mopped up by 950 buys given usual low volumes here. It's nearing time when we should expect news on Wilsons possible divestment. Silence so far seems to indicate progress in my experience. Time will tell. A premium in excess of current total MCap for OCN is highly likely but nothing concrete till the deal is done.

Topped up again prior to next t/u which should confirm the traction outlined in the interims. The transition from chromed articles to more environmentally friendly alternatives continues apace and Hardides coating superiority is compelling looking at all comparators. Optimistic that cash flow and utilization stats should swing to cash positive soon and that one or two good orders post trials will reboot the climb and relate here.

Nice piece of research extrader - it does seem that OCN is a prime addition to any global maritime carrier wanting a footprint in S America. Patience, as the number of mentions that Wilsons and MSC are mentioned as 'in talks' increases and any negotiations take time for due diligence. I think this will come as a done deal RNS in October or very possibly earlier. Once we start to see more volume in the Wilsons upswing then it may be an indicator. There are fewer Chinese walls in S America.

May's interims were very encouraging on outlook....let's hope that has crystallized. I'm quietly optimistic of a decent upturn.

The growing importance of S America and big increase in 2way maritime trade across the world is paramount. As more shipping containers are released post pandemic Brazil is ripe for port facility and handling companies like Wilsons.

The fact that this is almost totally overlooked by analysts will be a huge factor in my experience. The huge step jump just on the possibility of divestment of Wilsons is evidence of the upside potential if/when an offer is accepted. The appeal of Wilsons business and its virtual services monopoly in a key Brazilian port are bound to have elicited predatory interest. I'm sure it's just a matter of time as business is only getting brisket and stronger post pandemic and with increased activity by oil majors the like of Petrbras. Sit tight imo.

Perhaps I should rename Nike!

Did you check Wilsons not OCN?

https://g.co/finance/PORT3:BVMF

It's been drifting lower after the big uplift in June when the possible divestment was indicated. The increase in Port logistics is marked and the region is undergoing huge expansion. Wilsons services Petrobras and other oil majors plus container vessels and has monopoly over a wide range of associated facilities. To think that a deal could be done in such a short time frame from a standing start is a little optimistic. I would think October will be the key as it marks an upswing in Southern hemisphere maritime activity. Any possible bidders including those you have mentioned will certainly eye up the benefits of a stable satellite business in Brazil as appealing. Patience is the key. The fallback on lack of immediate news is par for the course, the uplift on a relevant RNS should be worth the wait. By any parameters, the value of the international hedge fund plus Wilsons is now way in excess of current MCap as the BoD has constantly maintained. It is time to crystallise that disparity. If you disagree, then it's possibly not the share for you. After all this is pure hypothetical conjecture. Think I'll keep pushing that stone uphill.......one day.....

Patient. Just silently now waiting for the RNS.

This article was written over a year ago and given the acceleration in growth of the ports monopoly is now worth significantly more.....read and DYOR. Busy ports and haulers (wilsons) tend to soar when analysts wake up. Check back at Mersey Docks and Harbour and dozens of others when they sold control. A gem of a 2 part share.

https://moneyweek.com/investments/stocks-and-shares/share-tips/604894/a-rising-tide-for-ocean-wilsons

I cannot believe the lack of interest here.......

Wilsons not Wisconsin

Trading has been brisk since March and value will have risen accordingly. Wisconsin alone is worth more than current MCap....!!

Net asset value at 31 March 2023

As at market close on 31 March 2023, the trading value of the Ocean Wilsons' investment in Wilson Sons totalled approximately US$470.9 million, which represents US$13.31 (£10.79) per Ocean Wilsons share. The investment portfolio was valued at approximately US$298.1 million which represents US$8.43 (£6.83) per Ocean Wilsons share. In aggregate, including US$8.4 million of cash at the holding company level, results in an implied net asset value per Ocean Wilsons share of US$21.98 (£17.81).

Starting to look like the sale of Wilson marine is going to plan. Sale would trigger huge upgrade here.

Https://g.co/finance/PORT3:BVMF

There was a sharp upturn in Wilson shares in the Brazilian market after London close....something coalescing??

Yep, just been walked down to take out sellers - news should follow soon as it looks like someone's taking a position with repeated buys. Just conjecture but reasoned.

Under £7m MCap 59m shares and a niche specialist. Do the research and you'll see the potential that is crystallising here. As directives to remove and replace chrome plating spread and Hardide offers convincing benefits this company should soar. Contracts with BAe for Airbus parts and replacements plus 'big' trials in green energy sector look excellent. Solid on its own but Hardide is a perfect fit for big oilers and aerospace.