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Ocean Wilsons Holdings (OCN)

Business description

Ocean Wilsons Holdings is a holding company with a controlling 58.25% stake in Wilson Sons, a listed Brazilian maritime and logistics business. It also has an investment division (OWIL), with a diversified portfolio of equities, bonds and other assets.

Stock data

Market cap.£406.7m
Last close1,150.00p
High / Low (52 weeks)1290.0p / 1010.0p
Stock market listingLN
Forecast net debt (US$m)282.9
Forecast gearing ratio (%)35
TeamInvestment Companies
SectorInvestment Companies

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Company news

Should Ocean Wilsons Holdings Limited (LON:OCN) Be Part Of Your Dividend ...

Mon, 14 May 2018 12:22:30 GMT

3 Unloved Stocks Set To Soar: Barclays PLC, Ocean Wilsons Holdings Limited ...

Mon, 27 Jul 2015 14:37:30 GMT

Could this investment trust help you retire early?

Wed, 28 Jun 2017 09:00:00 GMT

Ocean Wilsons recovers alongside Brazil

Tue, 20 Mar 2018 09:56:15 GMT

3 Days Left Before Ocean Wilsons Holdings Limited (LON:OCN) Will Start Trading ...

Sun, 06 May 2018 10:30:00 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 508.9 164.3 69.0 43.7 33.9 2.9
2016A 457.2 148.7 117.5 127.4 11.6 3.7
2017E 489.1 150.7 117.7 135.4 11.0 3.5
2018E 507.8 162.8 115.9 125.5 11.8 3.2

Last updated on 12/04/2018

Investment summary

Ocean Wilsons's (OCN) Q3 update highlighted a strong operating performance at Wilson Sons driven by growth of container terminal volumes, increased towage manoeuvres and strong offshore vessel business performance, partially offset by a decrease in port terminals and logistics. Revenue increased c 5% to US$177.2m (Q313: US$169.1m), operating profit was US$35.9m (Q313: US$35.1m), while EBITDA was US$52.4m (Q313: US$49.7m). Wilson Sons profit was adversely affected by the BRL/US$ depreciation resulting in a net loss of US$8.2m (Q313: US$19.7m profit). At 31 October 2014 OCN's investment portfolio amounted to US$249.4m (Q313: US$249.0m). The investment portfolio represented US$7.05 (£4.41) per OCN share, while Wilson Sons accounted for US$15.26 (£9.72) per OCN share at 13 November.

Last updated on 29/11/2018

Industry outlook

OCN’s control of Wilson Sons gives it exposure to three growth drivers: international trade flows, the oil and gas industry and the domestic Brazilian economy. OCN also manages a portfolio of international investments, with a long-term outlook and a bias towards global and emerging market equities.

Last updated on 29/11/2018

Key management

Keith Middleton, FD

Company address

Richmond House 5th Floor
12 Par-la-Ville Road
2250 PO Box HM
Hamilton
HM JX
Bermuda
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