? (CKN)

Clarkson Share Forum

Creator QS9	Created 8 Apr 2006	Posts 2	Last Post 7 years ago

Clarkson Long Term Stock Chart

Clarkson News

13/05/2013	Clarkson PLC Director/PDMR Shareholding
10/05/2013	Clarkson PLC Result of AGM
10/05/2013	Clarkson PLC AGM and Interim Management Statement
08/05/2013	Clarkson PLC Holding(s) in Company
26/04/2013	Clarkson PLC Notification of major interest in shares

Not sure if my post arrived (new to the board), so I will post again....apologies if this is a repeat.

CKN: continued its growth story despite the doom mongers who were predicting a slump due to the fall in the shipping freight index. China/India/world economies are still doing well and forecast to continue to do well so personally I think this concern is over done. MOre importantly the latest set of results go along way IMO to proving that CKN are diversifying themselves away from this cyclical risk. The company is significantly cash generative and at the year end had a chunky cash pile. Yes it has paid bonuses since year end, but it has also paid a large chunk of its plowright acquisition as well which will hopefully boost profits in the future.

Broker forecasts IMO look too pesimistic and are from what I can see out of date anyway, so does anyone have a view on the latest broker forecasts please?

So in summary:

1 growth stock that has continually delivered
2 cash generative and good yield well covered
3 management appear sound and diversifying risk away
4 macro situation appears sound
5 latest results talked of continued growth so I believe the out of date broker forecasts I have seen via Barclays sotckbrokers site are way out of date
6 CKN is under-rated/valued compared to its peers FSJ or Braemar S.

Look forward to hearing some views from my first post!!
cheers