Seymour Pierce initiated coverage of Ocean Wilsons Holdings (OCN), the maritime services supplier, with a 1,900p target price. The broker believes that the unusual combination of market leading operational assets in Brazil and a portfolio of potentially high growth assets spread across a range of geographies and investment vehicles makes the firm a unique investment proposition. The valuations for both the holding company and the operational company are compelling, it concluded. Ocean shares rose 7p to 1,330p.


Remember someone mentioning this fairly recently but unable to find the thread otherwise wouldn;t have posted as a seperate one. Thought it might interest those entertaining a position, or those that already have one.

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