Ocean Wilsons Holdings - Resilient Q3 Performance
Edison | Dec 16, 2016 06:54AM ET
The third-quarter results from Ocean Wilsons Holdings Ltd's (LON:OCN) quoted subsidiary, Wilson Sons, represented another resilient performance against a still difficult economic background in Brazil. In addition, the company has announced the extension of its concession for the Salvador container terminal confirming (as expected) the long-term future of this element of the business. The longer-term prospects for Wilson’s maritime services businesses remain promising and the 32% discount that Ocean Wilsons shares trade on compared with a look-through value appears conservative.
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