Ocean Wilsons Holdings - Confirmation of interest in Wilson Sons holding
Ocean Wilsons Holdings’ (OCN’s) H124 results showed good growth, reflecting a strong performance from Wilson Sons and a positive performance from the investment portfolio (OWIL). While the strategic review remains ongoing, in August the company announced that it is in discussions with I Squared that may or may not lead to an offer for its holding in Wilson Sons (BOVESPA: PORT3). Despite the review and the potential for value realisation, OCN still trades at a c 40% discount to our valuation of 2,275p/share.Ocean Wilsons Holdings is a holding company. Through its subsidiaries, Co. is engaged in the provision of transport services; the activities of tug and port operator; the construction and building of ships; the provision of shipping agency and logistics services; the operation of warehousing and stevedoring; and investment holding and dealing. Co. carries out its business in Brazil, Bermuda and the United Kingdom, and organized its business into three segments: towage, offshore anad shipyard, port operations and logistics, and ship agency.
Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.
.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.