Adrian Hargrave, CEO of SEEEN, explains how the new funds will accelerate customer growth Watch the video here.
I sold a small amount thinking to rebuy at a lower price ---last year it continued to fall for weeks after going ex-dividend
Anyway it appears I was wrong as there are some seriously large buys happening at the moment .
Here is a news story that is 2 days old
there are others about investment in logistics software
https://www.porttechnology.org/news/wilson-sons-expands-service-to-central-america-and-us/
being very patient with this
WIlson Sons finished Friday at an all time high in Brazil . My calculation for the NAV of OCN is now double the present share price . I often wonder why Brazilian investors dont buy through the London Stock market . There were also two news stories of trade expansion in the region that gave me confidence that even if the Take Over bid did not materialise , that the profits from the ongoing business would sustain the share price I bought some more at 1342p
Revenue of 87 million with profit of 4.3 million with a market cap of 23.5 million . Looks like there is room for the shareprice to climb above that of 32 p before the October announcement . With more contract wins and reduced headcount this should attract interest
A few small buys are mine . The data for WS in October was good . Results for the past 3 months out later tonight . Wilson Sons touching new highs not reflected in Ocean Wilson price . About time we heard from the board .
My calculation of NAV this morning was 21.50 sterling per OCN share .
Wilson Sons ended the day on Friday in the green with a biggest trade buy at the end of the session since May ( 1.75 million shares @ 13.35 Reals/share. --approx 2 million quid
Hopeful for news soon
So today the value of the stake in Wilson Sons is 12.60 pounds per OCN share . So a sizeable discount without the OWIL part.
I am slowly accumulating and have a holding that is larger than some of the directors .
With the drop in the value of the pound and the investment portfolio denominated in US$ combined with a slight increase in the value of Wilson Sons , my calculation of the NAV per share is now 19.83 pounds . I could not resist buying again --even if LSE marks it as a sell at 8.40.
Market cap of Wilson Brothers is 4B Brazilian real. OCN stake is therefore 383 million pounds
Investment portfolio may have decreased from June 2022
My calculation is that the value of the two together is 18.35 pounds per share and I have just bought at 8.35 per share
Yet the price still is dropping --what am i missing ? . Should there be an RNS as someone is offloading a lot and I am the buyer of a few