Wincanton has emerged strongly from the volume contraction and cost pressures of the past 18 months. Disposal of lower margin transport operations and a favourable outcome of the recent pension valuation have helped too. The PE valuation and yield are compelling, and Wincanton should now generate healthy free cash for investment in growth. Today’s Q3 update is brief but positive. The Group continues to trade in line with market expectations and is on track to report a full year adjusted PBT exce ....
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Wincanton (WIN LN) - Recovery and transformation
- Published:
17 Jan 2024 -
Author:
Robin Byde -
Pages:
5
Wincanton has emerged strongly from the volume contraction and cost pressures of the past 18 months. Disposal of lower margin transport operations and a favourable outcome of the recent pension valuation have helped too. The PE valuation and yield are compelling, and Wincanton should now generate healthy free cash for investment in growth. Today’s Q3 update is brief but positive. The Group continues to trade in line with market expectations and is on track to report a full year adjusted PBT exce ....