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%.

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.

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 2014 to the date of this announcement.

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

As anticipated, the performance of the UK and Ireland economies has remained consistent with that experienced in the second half of the prior year. The UK construction industry continues to perform well, however in other sectors in which the group operates, despite the economic conditions being more benign, we continue to see competitive pressure in our marketplace as our customers retain a tight focus on their costs.

Within Contract Logistics, the Group has been awarded a number of new business wins including a new multichannel contract for nationwide warehouse and distribution services by Loaf.com, the UK's fastest-growing homeware company. The Group also signed a four year contract in the construction sector with Marley Eternit to distribute cladding materials and a three year contract to provide transport services to Halo Foods. In addition, the Group has signed a three year extension of our long standing partnership with Britvic to operate their automated national distribution centre. Within Specialist Businesses all businesses continue to perform in line with expectations.

On 19 June 2014, the Group announced the refinancing of its main banking facilities for a further five years through to June 2019, supporting the Group's medium term funding requirements. The refinancing comprises a new £170 million facility providing the Group with committed facilities of £300m in total.

There has been no significant change to the general financial position of the Group from that disclosed in the results announcement for the year ended 31 March 2014.

Eric Born, Chief Executive commented:

"Wincanton has traded well in the first part of the year following on from the good performance delivered in the last two years. The new business wins and renewals in the year to date show our continued ability to add significant value to our customers' logistics and supply chain operations.

We were pleased to conclude the refinancing of the Group's main bank facilities which provides a strong platform to support growth over the next five years and further extends the maturity profile of the Group's debt.

We have now developed a solid platform and will continue to progress along our path to focus on renewals, new contract wins, operational excellence and free cash flow generation to reduce our overall debt position."

WIN.WINCANTON breakout on the chart yesterday, trades on a PRESENT P/E of just 6.3 Lower fuel prices will go to bottom line.

WINCANTON BROKER VIEWS

Date Broker Recommendation Price Old target price New target price Notes
10 Nov Liberum Capital Buy 0.00 200.00 200.00 Reiterates
06 Nov JP Morgan Cazenove Overweight 0.00 170.00 201.00 Reiterates
05 Nov Investec Buy 0.00 160.00 160.00 Reiterates
05 Nov Numis Buy 0.00 185.00 185.00 Reiterates

Looking for a positive start fingers crossed after breakout yesterday.