Ocean Wilsons Holdings Ltd. (OCN)

Sector:

Commercial Transport

920.00p
   
  • Change Today:
    -10.00p
  • 52 Week High: 1,135.00
  • 52 Week Low: 825.00
  • Currency: UK Pounds
  • Shares Issued: 35.36m
  • Volume: 5,152
  • Market Cap: £325.34m
  • RiskGrade: 83
  • Beta: 0.01

Sector movers: GKN drags auto stocks lower

Date: Friday 02 Mar 2012

LONDON (ShareCast) - The automobiles and parts sector was the worst performing sector of the day on Friday, despite only one constituent being in the red.

Automotive and aerospace engineer GKN, the FTSE 100 stock with a market capitalisation of well over £3bn, was falling 1.7% before the close of trade, a big enough fall to push the whole sector down 1.66%.

Today, GKN, the maker of aircraft components for Airbus SAS, is reportedly the frontrunner to purchase Volvo AB’s aircraft-engine unit after MTU Aero Engines dropped out of the sale process, people with knowledge of the situation have told Bloomberg News. The unit may be worth around €1bn.

Earlier this week, the stock took a tumble despite announcing that it had raised its full-year dividend by a fifth after seeing double-digit growth in both sales and profits in 2011.

Analysts at Digital Look highlighted the fact that, prior to Tuesday’s announcement, the stock had risen by around a third since mid-December. “Today’s results have just taken some steam off its recent strong run”, notes one analyst.

Leading the rise were industrial transportation stocks with aviation support firm BBA Aviation pulling the sector higher.

The group reported this morning that pre-tax profit rose 24% from $132m to $163.6m on revenues that increased by 17% from $1,833.7m to $2,136.7m. The stock was trading 2% higher in afternoon trade.

Earnings before interest, tax, depreciation and amortisation rose 13% from $221m to $250.1m after the firm continued to outperform the market, albeit at a slower rate than expected.

Simon Pryce, BBA Aviation Chief Executive Officer, said: "We will continue to deliver operational improvement, to flex costs and to deploy our available capital to a strong pipeline of attractive investment and consolidation opportunities. Whilst the macro-economic climate remains uncertain, we anticipate making further progress during the year.

Other risers in the sector including Braemar Shipping, Globaltrans Investment and Ocean Wilsons Holdings were also on the rise.

BC

Top performing sectors so far today
Industrial Transportation 2,465.47 +1.58%
Gas, Water & Multiutilities 4,854.60 +0.90%
Banks 4,066.55 +0.55%
Financial Services 5,185.51 +0.53%
Electricity 8,216.64 +0.48%

Bottom performing sectors so far today
Automobiles & Parts 5,115.69 -1.66%
Support Services 4,875.25 -0.96%
Food Producers & Processors 5,450.38 -0.94%
Mining 22,073.58 -0.69%
Mobile Telecommunications 3,957.32 -0.66%

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

OCN Market Data

Currency UK Pounds
Share Price 920.00p
Change Today -10.00p
% Change -1.08 %
52 Week High 1,135.00
52 Week Low 825.00
Volume 5,152
Shares Issued 35.36m
Market Cap £325.34m
Beta 0.01
RiskGrade 83

OCN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
99.48% above the market average99.48% above the market average99.48% above the market average99.48% above the market average99.48% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend Not Available
Income
87.50% above the market average87.50% above the market average87.50% above the market average87.50% above the market average87.50% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Growth
10.79% below the market average10.79% below the market average10.79% below the market average10.79% below the market average10.79% below the market average
15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average15.79% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

OCN Dividends

  Latest Previous
  Final Interim
Ex-Div 13-May-21 19-Nov-20
Paid 04-Jun-21 11-Dec-20
Amount 70.00¢ 40.00¢

Trades for 25-Jan-2022

Time Volume / Share Price
14:57 5,000 @ 930.00p
14:44 152 @ 912.20p

OCN Key Personnel

Chair Jose F G Vieira

Top of Page