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Pin to quick picksOcean Wilsons Company Research (OCN)

  • This share is currently suspended. It was suspended at a price of 1,180.00
  • There is currently no data for OCN

Disposal to generate surplus capital

Fri, 11th Apr 2025 05:30

In FY24, Ocean Wilsons increased its earnings per share and dividend by 7% and more than 40%, respectively. 2024 was a seismic year for the company as it agreed to sell its 56% holding in Wilson Sons. It will be returning a portion of the sale proceeds to shareholders but the use of the remaining proceeds is still under consideration. Currently, Ocean Wilsons is trading at a c 40% discount to our estimated total asset value of 2,389p/share. Given the pending disposal, we are withdrawing our forecasts.

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