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CKN Clarkson Plc

4,065.00
-5.00 (-0.12%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Clarkson Plc LSE:CKN London Ordinary Share GB0002018363 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  -5.00 -0.12% 4,065.00 156,311 16:35:07
Bid Price Offer Price High Price Low Price Open Price
4,090.00 4,100.00 4,115.00 3,985.00 4,115.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trans Eq, Ex Motor Veh-whsl 639.4M 83.8M 2.7270 15.02 1.26B
Last Trade Time Trade Type Trade Size Trade Price Currency
17:53:55 O 2 4,065.00 GBX

Clarkson (CKN) Latest News

Clarkson (CKN) Discussions and Chat

Clarkson Forums and Chat

Date Time Title Posts
07/4/202415:00CLARKSON - WORLD'S LARGEST SHIPBROKER 139
11/7/201909:24Here Is The Shipping Forecast;: Clarkson (CKN) 787p1,907
30/8/201822:52CLARKSON 3
09/1/201513:56Clarksons versus Seascope37
08/1/201507:57What am i missing on Clarkson?2

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Clarkson (CKN) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-24 16:54:094,065.00281.30O
2024-04-24 16:50:464,100.41141.00O
2024-04-24 16:50:464,085.414163.42O
2024-04-24 16:29:244,065.241656,707.65O
2024-04-24 16:11:214,108.881104,519.77O

Clarkson (CKN) Top Chat Posts

Top Posts
Posted at 24/4/2024 09:20 by Clarkson Daily Update
Clarkson Plc is listed in the Trans Eq, Ex Motor Veh-whsl sector of the London Stock Exchange with ticker CKN. The last closing price for Clarkson was 4,070p.
Clarkson currently has 30,729,820 shares in issue. The market capitalisation of Clarkson is £1,258,386,129.
Clarkson has a price to earnings ratio (PE ratio) of 15.02.
This morning CKN shares opened at 4,115p
Posted at 12/12/2023 16:37 by wad collector
Maybe I am misunderstanding CKN, but the freight prices are dropping and oversupply is becoming more of an issue, surely this must have some negative effect on the broker profits? Or does the commission not drop much?
Posted at 09/3/2023 18:35 by shalder
IC retains a Buy rating on CKN: strong forward order book, healthy balance sheet and forward p/e of 14 versus 5 year average in excess of 20.
Posted at 07/3/2023 09:55 by redalert
Agree both, it seems JPMorgan has cut CKN to neutral from overweight price target 3740 from 4050
Posted at 23/2/2023 17:31 by hiddendepths
Strong today and that was a sit up and take notice closing auction! 27,420 shares at 32.20, above the 4.30 closing price.

A big buyer for sure, but is it more than that?
Posted at 10/1/2023 16:50 by lambeater
Agreed. I bought some on the close. HSBC may have reduced from buy to hold but Peel Hunt has CKN as a strong buy. I think the downside is limited to about 40-50 ticks unless there's a market wipeout.
Posted at 06/1/2023 09:59 by lauders
A good RNS from CKN today and no comment. The quiet BB's are often the best it seems.
Posted at 02/9/2022 11:40 by mount teide
Baltic Dry Index(BDI) measures the cost of shipping dry commodities in bulk - has dropped 71% since mid may and 83% over the last 11 months - largely the result of the ongoing impact of China's zero-COVID policy, which has led to long lockdowns in major cities, and the suspension of operations in factories, businesses and ports.

Despite bulk carrier shipbroking representing only a relatively modest percent of Clarkson's (CKN) revenue, the share price has followed the trend of the BDI since last October.

As mentioned previously, when the BDI is on a falling trend, Clarkson's valuation invariably falls in lockstep - completely disregarding the wider revenue diversity fundamentals of the business.

Long shipping market history has shown buying specialist bulk carrier owner/operators and Clarkson's when the BDI is below 1,000, and especially when its below 500, is invariably a very smart move, as at that level the daily vessel operating cost(before any provision for finance interest payments and statutory maintenance and drydockings), is higher than the revenue earned.

Mentioned at the time in Advfn posts that if I could find a City service provider that would let me go long on the BDI when it was around the lows of 296 and 448 in 2016 and 2020 respectively, I would cash in my entire investment portfolio and put in into a BDI long position. Despite Zero Hedge suggesting the opposite in articles at the time, the BDI subsequently went up by 405% and 1050% respectively over the following 18 months or so. While Clarkson's share price went up by 88% and 93% respectively over the same periods.

Unfortunately, still yet to find an investment service provider that offers a direct trade on the BDI. Clarkson's probably offers the best low risk alternative for exposure to the movement of the BDI, for those uncomfortable with the elevated risk of an individual shipping company investment.
Posted at 15/8/2022 14:20 by shallwe
I put this share on my watch list earlier this year and have seen the share price rise nicely. Decided to take the plunge today so look forward to a bright future.
Posted at 03/11/2021 16:57 by robcoo
I'm surprised that BMS's interim statement has not been reflected in the CKN share price
Posted at 11/10/2019 16:43 by mount teide
The US blacklisting of Chinese ships has seen oil buyers scrambling for capacity, pushing shipping rates to a more than decade high.

Average spot market rates for a VLCC(Very large Crude Carrier) have rocketed 522% in two weeks from 18,000 USD per day on 25th Sept to 94,000 USD per day by 9th October!

Clarkson CKN share price surged 11.1% today to an 18 month high.


'Oil Shipping Costs Soar to Highest Levels in 11 Years - Wall Street Journal

The cost of moving oil around the world has hit an 11-year high as producers scramble to find new supertankers following a U.S. blacklisting of a major Chinese operator that has sidelined dozens of ships.

“The market has gone bonkers by shock events like the Cosco tankers being blacklisted,” said George Lazaridis, head of research and valuations at Athens, Greece-based Allied Shipbroking. “It’s a bubble that could get bigger because of geopolitics before it bursts.”

Shipping executives say the U.S. action late last month over allegations that the vessels were tied to illicit shipments of Iranian crude has hit more than 40 tankers operated by a subsidiary of Cosco Shipping Energy Transportation, one of the world’s largest tanker owners and a major carrier for China’s oil needs.

Washington’s move pushed Asian and European importers searching for crude carriers in a tight market to secure oil cargoes as winter approaches.

But with Iran and Venezuela oil exports also under U.S. sanctions and Saudi Arabian oil production still trying to recover from a missile attack in September, oil traders have been turning to the U.S. for crude shipments.

The longer distance to move oil cargoes from the U.S. to Europe and Asia compared with moving them from the Middle East, has pushed daily charter rates for the big ships called very large crude carriers to their highest level since July 2008, according to Baltic Exchange data.

“There is a lot of confusion and uncertainty out there,” said Paolo d’Amico, head of Intertanko, a trade body representing tanker owners. “Everyone is afraid of being hit by the U.S., sanctions, rendering about 50 VLCCs untouchable.”

U.S. oil exports to Europe, which usually move in smaller tankers, hit a record 1.8 million barrels a day for the week ending Oct. 7, according to Kpler, an energy market intelligence company. The figure is double the 924,000 barrels in the previous week. But shipments to Asia, which are typically done on VLCCs, were reduced almost in half to 508,000 barrels.

A Singapore broker said rates for some VLCC cargoes on sailings from the U.S. Gulf Coast to the Far East were more than $120,000 on Thursday. Average earnings for supertankers picking up cargoes from around the world hit $94,124 a day, up from $18,284 on Sept. 25, when Washington blacklisted the Cosco fleet.

“VLCCs to Asia are a rare commodity, the market is red hot and will stay that way while the U.S. sanctions on Cosco ships are in place,” said the broker, who asked not to be named because he isn’t authorized to talk to the media.

Senior U.S. and Chinese officials squared off in trade talks Thursday at a pivotal moment in the countries’ relationship with President Trump planning to meet with the head of the Chinese negotiating team, Chinese Vice Premier Liu He, when the talks are scheduled to conclude Friday.

People with knowledge of the matter said the Chinese delegation planned to bring up the tanker ban during the talks.

Cosco Energy’s parent company, state-owned Cosco Shipping Group, is the world’s biggest shipping operator in terms of overall capacity, operating more than 1,100 vessels of all types, including container ships, tankers and bulk carriers. The company is also a part of Beijing’s multitrillion-dollar Belt and Road initiative that aims to establish infrastructure and distribution channels to help extend China’s influence around the world.

The Cosco tanker ban covers around 6% of the global VLCC fleet but other factors are leaving shipping capacity tight. Many large tankers and smaller ships are in dry dock being retrofitted with sulfur-trapping exhaust systems ahead of a regulation to clean up ship emissions that goes into effect in January.

“The [freight rate] expectations going into 2020 were already high because of the 2020 climate regulations,” said Evangelos Marinakis, chairman of Athens-based Capital Maritime & Trading Corp., which operates 10 VLCCs. “With so many geopolitical and industry-specific factors now pushing the market, it’s hard to predict when it will settle. But we expect the current strength to continue well into next year.” '
Clarkson share price data is direct from the London Stock Exchange

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