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Ocean Wilsons Holdings ( (GB:OCN) ) just unveiled an update.
Ocean Wilsons Holdings Limited and Hansa Investment Company Limited have agreed to an all-share combination, with Hansa acquiring the entire share capital of Ocean Wilsons. The court-sanctioned scheme of arrangement is delayed due to Hurricane Melissa, affecting the timetable for the merger. The combination is not subject to the UK Takeover Code, and Ocean Wilsons has incorporated certain takeover-related provisions into its bye-laws.
The most recent analyst rating on (GB:OCN) stock is a Hold with a £14.20 price target. To see the full list of analyst forecasts on Ocean Wilsons Holdings stock, see the GB:OCN Stock Forecast page.
Spark’s Take on GB:OCN Stock
According to Spark, TipRanks’ AI Analyst, GB:OCN is a Outperform.
Ocean Wilsons Holdings scores well due to its strong financial position and promising technical indicators. The strategic sale of Wilson Sons and capital return plan is a positive corporate event, potentially increasing shareholder value. While valuation is reasonable, the low dividend yield might not attract income-focused investors. Overall, the company demonstrates solid fundamentals with a strategic focus on enhancing shareholder returns.
To see Spark’s full report on GB:OCN stock, click here.
More about Ocean Wilsons Holdings
Average Trading Volume: 69,186
Technical Sentiment Signal: Hold
Current Market Cap: £319.7M
See more data about OCN stock on TipRanks’ Stock Analysis page.