Edison issues flash on Ocean Wilsons Holdings (OCN): Strong FY23 results with strategic review in FY24
Ocean Wilsons Holdings’ (OCN’s) FY23 results highlight a robust performance from the Brazilian subsidiary Wilson Sons, as well as growth from the investment portfolio.
- Ocean Wilsons Holdings’ (OCN’s) FY23 results highlight a robust performance from the Brazilian subsidiary Wilson Sons, as well as growth from the investment portfolio.
- Our forecasts are under review following the announcement but, prior to this, we valued OCN at 2,564p/share, which implies it is currently trading at a 48% discount.
- The portfolio benefitted from strong growth in some of the largest technology companies that are held within various funds.
- The strategic review remains ongoing, but Friday’s statement outlines an expectation that it will be complete in 2024.