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

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!

Hit a £1 now

Half year results 07 November

3 year high today @127.75p

IMS due next month - approaching a double top.

ARGOS CONTRACT WIN FOR WINCANTON

Wincanton plc ("Wincanton" or "the Group"), a leading provider of supply chain solutions in the UK and Ireland has been awarded a three-year repair and maintenance contract by Argos, one of the UK's largest High Street retailers, for its fleet of HGVs.

The contract for Wincanton's commercial vehicle specialist Pullman Fleet Services (Pullman), sees the business deploying nation-wide repair and maintenance solutions for around 1,500 vehicles and trailers, operating from seven locations spread across the UK, from Glasgow to Somerset.

A network of over 30 service centres and more than 150 mobile service vans makes Pullman the UK's largest independent provider of commercial vehicle maintenance services, a crucial factor for Argos, which has 740 stores across England, Scotland and Wales.

3 year high @146p

Trading Update

Wincanton, a leading provider of supply chain solutions in the UK & Ireland, today issues the following trading update ahead of preliminary results for the year ended 31 March 2014.

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

Wincanton has seen solid levels of activity from its Contract Logistics business and that the recovery in the UK construction sector, highlighted in the February Interim Management Statement, continues to be reflected in its Construction volumes. The Group's Specialist Businesses, Pullman Fleet Services and Wincanton Records Management continue to trade in line with expectations whilst volumes in the Containers business remain broadly flat.

As first announced in October 2013, the Group proposed to close the Wincanton Defined Benefit pension scheme (the 'Scheme') to future accrual. The consultation period with affected employees and their recognised representatives has now concluded, closing the Scheme to all future accrual. The vast majority of the former active members of the Scheme, approximately 7.0% of Wincanton's total workforce, have selected to participate in the Group's range of defined contribution pension arrangements going forward. Pension benefits built up to the date of closure will be preserved.

Wincanton will announce preliminary results on Thursday 5 June 2014.

Preliminary Results

Highlights

· Revenue growth of 1.1% underpinned by a strong programme of renewals and new wins delivered across all sectors
- WH Smith and Valero renewed for 3 and 5 years respectively
- Warehousing operations and transport for new market entrant Williams-Sonoma, Inc
· Underlying operating profit increased by 6.0% to £48.0m (2013: £45.3m)
· Increase in underlying margin from 4.2% to 4.4% driven by ongoing cost reduction measures across the organisation
· Future pension risk reduced with closure of defined benefit pension scheme to future accrual with effect from 31 March 2014
· Pension deficit reduced by £37.8m to £110.9m at 31 March 2014 (2013: £148.7m)
· Net debt reduced to £64.9m (2013: £107.6m). Average net debt reduced by £33m from £201m to £168m

Back above the 200ma.

Agreement of New Bank Facility


Wincanton, a leading provider of supply chain solutions in the UK and Ireland, is pleased to announce that it has refinanced its main banking facility for a further five year term through to June 2019, supporting the Group's medium term funding requirements.

The refinancing comprises a new £170 million facility with improved pricing for the Group. This facility is provided by HSBC, RBS, Barclays, Lloyds and AIB. Taking into account the Group's other financing arrangements, Wincanton has committed facilities available of £300m in total.