I'm confused Wincanton have less than half the debt and market value of Stobbard but they make a bigger profit!

To compound my sense of confusion Wincanton are continuing to fall whilst Stobbard continue to rise!

I don't think I can resist Wincanton any longer.


What do you think?

I know the dividend might drop, but it wasn't mentioned in the trading update. If it halves it's still almost 5%.

NO - I wouldn't touch that with a barge pole - I don't understand it at all! Far safer to trade the DOW :-)

On a closer look, WIN looks quite good (chart wise).

Thanks skinny, been out this afternoon. Agree Asos.

Does not read well to me.

http://www.wincanton.co.uk/media/247573/wincanton_annualreport_2012.pdf

Still on the up :- +10% today.

Now on the 200ma +17.2% on the day.

with diesel prices rising rapidly why would you buy into this one?

Some may be looking to sell! :-)

Mind the gap(s) !

This is now looking very bullish.

And again.

Drop overdone today imo - good time to top-up/buy.

WIN .....WINCANTON

Added again here. Hit the support line
at 65p seen in October. Results next
monday off top of my head.

ROCE here very impressive up against
sector and market.

Yes some positive figures up against
sector and market.

RATIOS

Co. FTSE Sector Market

PER (pr) 4.31x 11.34x 12.42x
Dividend Yield (pr) % 4.29% 4.20%
PEG (pr) -0.12f 2.61f 0.62f
ROCE 72.88% 22.05% 4.85%

Chart showing SP on October support
line........

Numis still think these are
way undervalued...

26 Jul Numis Buy 64.63 90.00 90.00 Retains

90p SP target.

WIN WINCANTON

On a forward P/E of just 4.1
yes just 4.1 to 2013
cheap as chips.

RATIOS
2012 (A) 2013 (E) 2014 (E)

EBITDA £75.50m £60.45m £62.63m
EBIT £47.00m £35.20m £37.00m
Dividend Yield % % %
Dividend Cover x x x
PER 1.94x 4.11x 4.52x
PEG 0.02f -0.08f -0.49f

Moving up nicely. results monday.

Going like the clappers now.

WIN WINCANTON

Chart looks extremley positive.

Lower indicators are pointing to
upward momentum and a rising SP in
a very short period.

Results monday.

Trades on a forward P/E of just over 4
to 2013.

WIN WINCANTON

Results from last IMS (below) were very much
in line. Come monday on the results if
we get any smidgeon of positives from containers
and construction this should ADD to the ongoing SP
momentum going forward on top of the
new contracts secured with B@Q and
Morrisons in the last few months which
have secured a turnaround in the companys
fortunes.

The stock still trades on a forward P/E of
just over 4 going into 2013......

very cheap in fact way too cheap and
fantastic value.

Thursday 26 July, 2012


Wincanton Plc

Interim Management Statement


26 July 2012

Wincanton plc ('Wincanton' or the 'Group')

Interim Management Statement

Wincanton, a leading provider of supply chain solutions in the UK & Ireland,
today issues the following Interim Management Statement for the period from 1
April 2012 to the date of this announcement.

The Group has continued to trade in line with expectations.

During the period, Wincanton has continued with strong new business momentum,
securing an important win with Kiddicare to support their multi-channel growth,
a new contract with Rolls-Royce and shared user warehousing business with The
Retail People and Ella's Kitchen. Additionally, there have been new transport
contracts with CEMEX and Smyths Toys and key renewals with Dairy Crest,
AvantiGas, Neal's Yard Remedies and Superquinn.

The Retail sector continues to be competitive, despite that, the Company has
won new business with big retailers including Asda and Sainsbury's. The Company
has been especially pleased to receive customer endorsement of its operational
excellence and its agility to react to their demands.

The Group has continued to perform well in the Defence sector and in the
specialist Pullman and Records Management businesses. Market conditions
continue to impact volumes in the Containers sector and, while we have been
successful in winning new business, volumes in the Construction sector remain
depressed.

Eric Born, Chief Executive commented:

'We have started the year well and are on track to deliver our plan. Despite a
challenging economy, we continue to make good progress along our path to return
to sustainable profit growth.'

Ends

For further information, please contact:

Wincanton plc
Eric Born, Chief Executive - 01249 710 000
Jon Kempster, Group Finance Director - 01249 710 000
Buchanan
Charles Ryland / Jeremy Garcia / Catherine Breen - 020 7466 5000