Ocean Wilsons Holdings Ltd. (OCN)

Sector:

Commercial Transport

Index:

FTSE Small Cap

885.00p
   
  • Change Today:
      25.00p
  • 52 Week High: 1,050.00
  • 52 Week Low: 820.00
  • Currency: UK Pounds
  • Shares Issued: 35.36m
  • Volume: 15,156
  • Market Cap: £312.96m
  • RiskGrade: 83

Forex movements put dent in Ocean Wilsons' 'resilient' first half

By Josh White

Date: Wednesday 12 Aug 2020

LONDON (ShareCast) - (Sharecast News) - Ocean Wilsons Holdings reported a "resilient" first half performance on Wednesday, with operating profit improving 12% year-on-year to $39.3m (£30.15m).
The London-listed, Bermuda-based, Brazil-focussed maritime services investment company said it had a "strong" balance sheet at period end on 30 June, and saw "healthy" cash generation through the six months, with net cash inflow from operating activities rising to $68.5m from $47.6m.

Bottom line earnings were impacted by negative foreign exchange movements and negative returns from the investment portfolio, however, with the loss for the period coming in at $18.4m, swinging from a profit of $34m a year earlier.

The company said the Brazilian real was 26.5% weaker against the dollar as at 30 June, compared with 31 December.

Its business was also impacted by the fall in global equity markets, with its investment portfolio and cash under management coming in $17.6m lower at $267.7m when compared to the end of December.

Dividends paid to shareholders during the period totalled $10.6m, down from $24.8m 12 months prior.

"The strength and resilience of our business model has again been confirmed by our solid performance during the challenging market conditions created by the Covid-19 pandemic," said chairman José Francisco Gouvêa Vieira.

"These results are only possible due to the dedication and commitment of all our employees to ensure business continuity so as to meet the needs of our customers and other stakeholders."

Gouvêa Vieira said the health and safety of employees and its stakeholders remained "paramount" during the period.

"Our key operational indicators showed only a modest reduction in volumes and our Brazilian business continued to generate healthy free cash flow.

"However bottom line earnings were adversely impacted by currency effects resulting from the devaluation of the Brazilian real against the US dollar in the period and negative returns from the investment portfolio."

At 1136 BST, shares in Ocean Wilsons were down 0.68% at 665.46p.

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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 885.00p
Change Today 25.00p
% Change 2.91 %
52 Week High 1,050.00
52 Week Low 820.00
Volume 15,156
Shares Issued 35.36m
Market Cap £312.96m
RiskGrade 83

OCN Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
44.93% above the market average44.93% above the market average44.93% above the market average44.93% above the market average44.93% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Price Trend
34.75% above the market average34.75% above the market average34.75% above the market average34.75% above the market average34.75% above the market average
17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average17.65% above the sector average
Income
47.44% above the market average47.44% above the market average47.44% above the market average47.44% above the market average47.44% 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
30.03% above the market average30.03% above the market average30.03% above the market average30.03% above the market average30.03% above the market average
88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% above the sector average88.24% 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 Final
Ex-Div 19-May-22 13-May-21
Paid 15-Jun-22 04-Jun-21
Amount 70.00¢ 70.00¢

Trades for 07-Oct-2022

Time Volume / Share Price
16:18 28 @ 885.00p
16:07 22 @ 876.00p
16:06 139 @ 865.00p
16:06 1,526 @ 860.00p
16:06 8,984 @ 860.00p

OCN Key Personnel

Chair Caroline Foulger

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