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%.

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

WIN WINCANTON

IG Index Sentiment.

Client Sentiment....The percentage of IG clients who have long and short positions on this market. This is calculated to the nearest 1%.

100% of IG clients with open positions in this market expect the price to rise

0% of IG clients with open positions in this market expect the price to fall

11 – 50 IG clients have open positions in this market

Last Hour100% LongToday100% LongThis Week82% LongThis Month74%

WIN WINCANTON

ahhhhhhhhh just in Numis GO... BUY

08 Nov Wincanton PLC WIN Numis Buy 72.63 72.50 90.00 90.00 Retains

90p SP target.

results monday.

Forward P/E of just over 4 derd cheap.

Numis Buy rec today:

"....the shares have outperformed by 50% over the past three months, and a calendar 2013E EV/EBITDA of 6.5x is starting to look more respectable but we believe there is scope for a further re-rating if the current initiatives can start to provide evidence of platform from which to deliver sustainable profitable growth."

WIN WINCANTON

This stock is far far too cheap imo.

Just look at the forward P/E for 2013 and 2014.......

PER 4.55x 5.01x

Cheap as chips.

Wincanton PLC

FORECASTS 2013 2014
Date Rec Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Numis Securities Ltd
26-07-12 BUY 26.70 15.50 29.00 17.30
Investec Securities
31-10-12 HOLD 25.60 16.20 20.00 12.80

2013 2014
Pre-tax (£) EPS (p) DPS (p) Pre-tax (£) EPS (p) DPS (p)

Consensus 26.01 15.94 0.00 23.36 14.48 0.00
1 Month Change -0.00 0.00 0.00 -0.04 -0.02 0.00
3 Month Change 1.51 1.12 0.00 -3.59 -2.14 -3.00


GROWTH
2012 (A) 2013 (E) 2014 (E)

Norm. EPS 78.13% -52.68% -9.15%
DPS % % %

INVESTMENT 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 2.15x 4.55x 5.01x
PEG 0.03f -0.09f -0.55f

Hemscott Premium.

WIN tipped as a buy in 'Shares' today.

WIN WINCANTON

WIN gets a 'buy' from Numis today citing the recent contract wins with Morrison, B&Q, Rollsd Royce etc and says the shares could furtyher re-rate.

Results Monday.

Interims on monday 12 Nov should show the ongoing restructuring remains well on track. Its just their debt levels that put me off investing at the start of Aug, net debt of £114.5 million at the end of March 2012, down from the year before of £151.8 million. Im sure it has a good recovery potential, the sp climb has not been put off by the debt . Doing very well.

Half Year Results

Key Points

· Underlying performance of the Group has been positive with good wins assisting future growth, including the following within the retail sector
o Agreement with B&Q to support their multi-channel operations across the UK
o Five-year contract with Morrisons to operate its first ever dedicated UK convenience distribution centre in London
· Future growth continues to be supported by investment to develop product and service extensions
· Current trading in line with expectations

Financial Key Points

· Revenue £551.2m (2011 - £625.4m)
· Underlying operating profit £24.3m (2011 - £22.3m)
· Underlying profit before tax of £17.1m (2011 - £14.2m)
· Profit before tax £13.0m (2011 - £13.6m loss)
· Underlying earnings per share 10.6p (2011 - 9.0p)
· Basic earnings per share 8.0p (2011 - 9.0p loss)
· Net debt £123.0m (£114.5m at 31 March 2012)

WIN WINCANTON

Excelent results, far exceed
expectations at this time in their
restructuring recovery.

Eric Born, Chief Executive commented:

"The first six months of the current financial year reflect the progress the Group has made over the last 18 months. Our strategy to achieve a clear leadership position in the UK & Ireland supply chain market continues to gather momentum and our recent new business successes are a clear indication of how this is now delivering tangible results".



"Our new business pipeline remains healthy and we continue to be successful in securing significant levels of customer contract renewals. We remain acutely focused on margin growth and free cash flow generation."

WIN WINCANTON

Outlook



The Board is pleased to report that Wincanton continues to perform satisfactorily and in line with expectations.



We continue to work alongside our valued customers to provide the excellent operational service delivery and value proposition they expect. The renewal of existing contracts remains a priority and will continue to underpin our success. The Group also remains focused on pursuing opportunities to further assist our existing and new customers within the wider supply chain arena.



We are encouraged to see further new contract wins that will assist the Group over the next 18 months and have seen some initial opportunities to expand the product and service range to our traditional customers and also other groupings, such as mid-tier retailers.



Whilst the challenge is undoubtedly greater against the current economic environment, many of the actions already underway throughout the Group will enable us to take advantage of any market upturn and we expect to make further progress in the remainder of the year

Interim Management Statement

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
October 2012 to 7 February 2013.

The board is pleased to report that Wincanton continues to trade in line with
market expectations.

The Contract Logistics business has performed robustly across all sectors in
what continues to be a challenging economic climate and has secured a number of
new contracts and renewals including those with Global Garden Products and a
major FMCG company. During the second half of the year, the Contract Logistics
business will have also completed the implementation and commenced operations
at three new distribution centres for retail grocery customers.

Within Wincanton's Specialist businesses, another strong performance in our
Records Management division has, in part, been offset by lower volumes in our
Containers division.

There has been no significant change to the general financial position of the
Group from that disclosed in the Half Year results announcement for the
six-month period to 30 September 2012.

Ends

Looking good today, a real bounce. I like the paragraph about them working with Morrisons for the development of their convenient store network............will it lead to a move over Ocado shock???????

This will hopefully be the start of a re-rating. They remain on target to make EPS of almost 18p at 55p looks a bargain. Results in June.....

If they can get to £1 and then have a rights issue to clear the debt....dream .........

A bit of strength again, good stuff on a bad day.

Stobart need to get their arses into gear or else they'll miss this gem and they need it........

One Stobart for each Wincanton would have looked good when they were almost half the price now at almost three quarters they need to get moving..........

Contract extension........

http://www.investegate.co.uk/wincanton-plc--win-/rns/contract-renewal/201305210700081457F/

REG - Wincanton PLC - Contract Renewal21 May 2013 - 07:00

For best results when printing this announcement, please click on the link below: http://pdf.reuters.com/Regnews/regnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130521:nRSU1457Fa RNS Number : 1457F Wincanton PLC 21 May 2013 For Immediate Release 21 May 2013 Wincanton PLC ('Wincanton' or the 'Group') Contract Renewal PERNOD RICARD UK CONTRACT SUCCESS FOR WINCANTON Five year renewal takes partnership beyond the 20-year milestone Wincanton PLC, a leading provider of supply chain services in the UK & Ireland, announces today that Pernod Ricard UK, part of the Pernod Ricard Group that is co-leader of the global wines and spirits industry, has awarded a five year warehousing and distribution contract for its UK warehousing, repacking and customer delivery transport operations. The contract, a renewal, builds on the strong partnership between the two businesses that stretches back to 1995 and will take the relationship well beyond the two decades milestone. One of the world's leading producers of distilled beverages, Pernod Ricard owns well-known premium brands including Absolut, Chivas, Jameson, Campo Viejo and Jacob's Creek. In addition to its day-to-day operations, Pernod Ricard UK is a major sponsor of UK and global sporting events, including Formula 1 and Wimbledon. As part of the contract renewal Wincanton will handle in excess of 7 million cases annually from its HMRC-approved bonded facility in Corby, Northamptonshire, where the team will also be responsible for: · The labelling (duty stamping) of individual bottles · The repackaging of bottles to facilitate pack size changes · Product customisation, including repackaging into gift boxes and application of neck tags to bottles · Building of point of sale display units Wincanton's CEO, Eric Born commented: "This contract renewal takes our partnership with Pernod Ricard UK to beyond the 20 year mark which is a tremendous achievement. It underlines our ongoing commitment to continuous improvement and seeking to unlock further potential in our customers' supply chains." Commenting on the five-year contract renewal with Wincanton, Phil Corfield, Operations and IT Director at Pernod Ricard UK, praised Wincanton's "excellent customer care". He said: "We've built our reputation on trust and transparency, both with our customers and business partners, and since 1995 Wincanton has consistently shown itself to be an organisation that shares these values. "Throughout our relationship, we have welcomed the Wincanton team's commitment to adding value and finding even more efficiencies in our supply chain through use of the latest technologies and processes." Ends. For further information please contact: Wincanton plc Eric Born, Chief Executive 01249 710 000 Adrian Colman, Group Finance Director Buchanan Jeremy Garcia / Gabriella Clinkard 020 7466 5000 www.buchanan.uk.com Editor's notes About Pernod Ricard UK Pernod Ricard UK is part of the Pernod Ricard Group, co-leader of the global wines and spirits industry. Globally, Pernod Ricard now represents 91 million cases of spirits and 25 million cases of wine, and owns 19 of the world's top 100 brands. Pernod Ricard UK has identified the following key brands in the UK market: ABSOLUT, Brancott Estate, Campo Viejo, Chivas Regal, G.H. Mumm, Havana Club, Jacob's Creek, Jameson, Malibu, Martell, Pernod, Perrier-Jouët and The Glenlivet. Pernod Ricard UK is a member of The Portman Group promoting responsible drinking. This information is provided by RNS The company news service from the London Stock Exchange© Thomson Reuters Limited. Click for restrictions

Preliminary Announcement of Results

Highlights

· Underlying operating profit increased by 6.2% to £46.5m (2012: £43.8m)
· Further progress in winning higher margin and technology supported contracts
· Increase in operating margin from 3.6% to 4.3%
· Successfully supported London 2012 Games as a key logistics provider
· Delivered important start-up operations and ongoing services in particular for retail convenience store logistics
· Solid performance on new business wins and renewals in tough market place
- new customers include LOCOG and Tilda
- new areas of work for existing customers including Morrisons, the NHS, CEMEX, Rolls Royce, Sainsbury's, BAE Systems and Valero
· Net debt reduced by £6.9m to £107.6m (2012: £114.5m)

Somebody has bought at 80p, something feels to be going on here........About time!