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.
11 Oct 2024
Ocean Wilsons Holdings - Confirmation of interest in Wilson Sons holding
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Ocean Wilsons Holdings - Confirmation of interest in Wilson Sons holding
Ocean Wilsons Holdings Limited (OCN:LON) | 1,288 -257.5 (-1.5%) | Mkt Cap: 455.3m
- Published:
11 Oct 2024 -
Author:
Andy Murphy -
Pages:
7
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.