Clarkson Dividends - CKN

Clarkson Dividends - CKN

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Clarkson Plc CKN London Ordinary Share GB0002018363 ORD 25P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 3,100.00 16:35:22
Open Price Low Price High Price Close Price Previous Close
3,140.00 3,090.00 3,140.00 3,100.00 3,100.00
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Industry Sector

Clarkson CKN Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

netcurtains: From results: -- Robust underlying financial performance, ahead of market expectations -- Strong performance in Broking more than offset weakness in Financial services -- Continued strong free cash flow generation -- 18(th) consecutive year of dividend growth -- One-off, non-cash impairment charge of GBP60.6m in relation to securities and offshore -- Forward order book going into 2021 is larger than at the same time last year -- Robust balance sheet with free cash resources(1) of GBP81.1m (31 December 2019: GBP68.7m) -- Rapid transition to remote working expedited rollout of our Sea/ products to clients
martindjzz: Mount Teide, in your opinion how strongly are the fortunes of CKN linked to the Baltic Dry Index? All other opinions welcome.
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.” '
mount teide: !FOLLOWFEED Clarkson Plc is the world's leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, facilitating global trade. Founded in 1852, Clarkson offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all the key shipping and offshore sectors. Clarkson has delivered 17 years of consecutive dividend growth. The highly cash generative nature of the business, supported by a strong balance sheet, enables the company to continue to invest to position the business to capitalise on the upturn stage in its long term highly cyclical markets, which collectively bottomed in H1/2016 following a brutal 8 year downturn/recession stage that saw the BDI drop an astonishing 98% peak to trough. Annual Report: hTTps:// 2018 Preliminary Results: Website: hTTps:// Twitter: hTTps:// Baltic Dry Index: Freightos Baltic Index (FBX): Global Container Freight Index: hTTps:// Baltic Dirty Tanker (BAID) hTTps://
mount teide: sb888 - its just a test thread - i was trying to learn how to set up a new thread and selected CKN to do this. I had hoped to be able to delete it after i'd finished - but have been unable to work out how to do that. Any suggestions would be welcome. NTV - i get my vessel charter rate data from contacts at CKN and have an account with Lloyds List.
shalder: I think some Platou people who acquired CKN shares through the takeover have been selling recently. Plus there will be some concern re risks of a global trade war impacting on shipping trade volumes/rates.
mount teide: Johnv - CKN v BMS Posted this analysis on the BMS thread a while back - to help other posters understand the relative underperformance of BMS as a result of being heavily weighted towards the oil shipping and service sectors, whose recovery is still in the very earliest of stages. 'A tale of two shipbrokers! Being heavily overweight in the oil tanker and oil service sector did BMS no favours after tanker rates weakened in mid 2016 just as a surge of new capacity hit the sector. The comparison with sector heavyweight Clarksons more diversified shipbroking approach is stark. Since mid 2016 the relative share price performance is astonishing considering they both operate in the same industry: -40% BMS +75% CKN £1000 put in CKN is now worth £1750, while in BMS £600. Nevertheless, I suspect the strengthening oil price from Q4/2017 onwards should now be generating a modest but very welcome recovery at BMS.'
mount teide: johns - think both will do very well over a 5 year outlook. CKN/BMS - With regard to risk/reward - its not comparing like with like. One is the global industry leader(CKN) - a well diversified global shipbroker The other a second tier broker(BMS) - heavy oil industry weighting(oil tanker and oil service sectors). Currently, recovery of the oil tanker and oil service sectors is lagging the rest of the shipping industry - i would expect this situation to continue well into next year. Hold a very large long term position in CKN which i added heavily to last year - sold a modest position in BMS last year and recycled it into CKN after becoming concerned BMS's oil sector weighting might act as a drag on the pace of recovery.
johnv: MT, which is the better risk/reward here ckn or bms?
robcoo: I'm surprised at the lack of a following for CKN. It and IMB have been my best performing shares over the years by some way. CKN has appreciated by 700%, IMB rather more. Makes up for some disasters elsewhere.
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