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Ocean Wilsons Holdings
Shetland
Posted: 11 October 2017 12:26:53(UTC)
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jvl on 11/10/2017(UTC)
Big boy
Posted: 11 October 2017 12:47:05(UTC)
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Update.....Wilson Son up 20% last 1/2 months. Ocean shares this am were well bid for 5/- to 10/- but little on offer side. Market makers could be short and trying to keep the price down.
Big boy
Posted: 12 October 2017 12:06:19(UTC)
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Wilson Son closed up 1.23% last night. Also Hansa over £10... Have been buying Ocean as on bigger discount to Hansa....
Big boy
Posted: 12 October 2017 12:08:02(UTC)
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Wilson Son closed up 1.23% last night. Also Hansa over £10... Have been buying Ocean as on bigger discount to Hansa....
jvl
Posted: 12 October 2017 12:32:35(UTC)
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How does that work, assuming assets are valued at the market price?

Hansa is at a discount of 27%.

Hansa has 30% of its assets in Ocean. Ocean is itself on a discount.

Surely buying Hansa is the better choice because you're buying a double discount. Unless, of course, you think Hansa's other holdings are complete rubbish.
Big boy
Posted: 12 October 2017 12:49:53(UTC)
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I have a big chunk of both. Ocean on discount of say 34% have more scope to narrow discount and Hansa would only have 30% of benefit .
Keith Cobby
Posted: 12 October 2017 13:16:16(UTC)
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I have just plugged Hansa into my AIC watchlist to see how it compares to my investments. It compares very badly.
Big boy
Posted: 12 October 2017 16:17:48(UTC)
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Keith ....I am very happy with 37% over last 18 months.
Alex Peard
Posted: 12 October 2017 16:45:37(UTC)
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May have been okay over 18 months but long term performance appalling.

Directors and family control over 50% of voting shares so other shareholders have no influence in trying to get discount reduced or any other measures to improve performance. I bought for my SIPP ten years ago along with several other IT's, if only I had put all of it into SMT!

Hansa may be a play on Brazil but Brazil has always been a country where there is huge potential never realised.

Hansa is the only IT holding I have that has still not recovered from the financial crash, I should have sold out years ago but we are now very close to break even and I will definitely sell then.
2 users thanked Alex Peard for this post.
Keith Cobby on 12/10/2017(UTC), Tim D on 12/10/2017(UTC)
Keith Cobby
Posted: 12 October 2017 17:46:31(UTC)
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Alex, in your situation I wouldn't wait. Agree with your comments though.
Francis Wilkinson
Posted: 12 October 2017 18:08:23(UTC)
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Joined: 15/07/2009(UTC)
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Hansa performance has been held back by massive discount-they are likely to outperform from now on as the discount unravels-much like Dunedin Enterprise.
The holding in Ocean Wilsons has hitherto been regarded as a negative but is now looking like a trump card.
Shetland
Posted: 12 October 2017 19:27:08(UTC)
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Francis Wilkinson;51903 wrote:
Hansa performance has been held back by massive discount-they are likely to outperform from now on as the discount unravels-much like Dunedin Enterprise.
The holding in Ocean Wilsons has hitherto been regarded as a negative but is now looking like a trump card.



What is going to cause the discount to narrow now ?
Big boy
Posted: 12 October 2017 21:20:50(UTC)
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Shetland....the answer is buyers. The discount has narrowed from 35% to 26%. Buyers will come in as price rises and confidence returns....just look at SMT everyone loves them but they are now overvalued as are the underlying holdings. Alex......I never look at past performance as it does not add any value.
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