MT Tracker 19 June

When Motortransport.co.uk spoke to Wincanton chief executive Eric Born last week he claimed there was little he could do about the share price of the company. Sadly, this week has proven that statement to be true.

For the 12 months ending 31 March Wincanton posted a pre-tax profit of £24.8m, a turnaround from the £47.4m loss it made a year ago. This was despite a fall in turnover from £1.2bn to £1.08bn.

On the face of it this is a tremendous turnaround, but over the past seven days the share price has barely moved. But that isn't the whole story, because investor sentiment was already moving in that direction anyways.

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UK Mail aside Wincanton is the best performing share in our basket of six firms over the past eight weeks.

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And a bit of investor sentiment is returning to the sector, after the price scalping of the past few weeks.

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