Clarkson Share Discussion Threads

[wad collector] 04/12/2024 22:23

Sp certainly seems to be recovering in last month , despite further drops in the Baltic Dry Index, down by half in the last yr , and by 3/4 on the 2021 peak.
Looking at the Freightos Baltic Index tells a different story though , with rates having stayed high this year . The expectations about rates falling in response to the fleet expansions has yet to materialise, though maybe the route disruptions and weather events have delayed this.

[standish11] 22/11/2024 19:25

Berenberg starts Clarkson with 'buy' - price target 5,075 pence.

[deadly] 22/11/2024 18:27

Why the 9% jump today?

[wad collector] 01/11/2024 10:46

Don't think they do a Nov interim results, nothing on investors calendar and have not done recent years, not until next year I think.

[waldron] 02/10/2024 09:35

Analysts' Consensus


Mean consensus
BUY

Number of Analysts
5

Last Close Price
36.35GBP

Average target price
47.89GBP
Spread / Average Target
+31.75%

High Price Target
52.00GBP
Spread / Highest target
+43.05%

Low Price Target
42.45GBP
Spread / Lowest Target
+16.78%

[waldron] 01/10/2024 06:15

Next Interim Results

at a guess early November, GUY FAWKES DAY perhaps

heres to going sky high with spectacular fireworks


chuckle and cheers

[waldron] 01/10/2024 06:07

no divi until next year

[waldron] 01/10/2024 06:00

Who owns Clarkson shipping?

They are a wholly owned subsidiary of Clarksons Securities AS, which is ultimately owned by Clarkson Plc (LON: CKN) in Great Britain.

[waldron] 01/10/2024 03:24

Analysts' Consensus

Mean consensus
BUY

Number of Analysts
5

Last Close Price
36.80GBP

Average target price
47.89GBP
Spread / Average Target
+30.14%

High Price Target
52.00GBP
Spread / Highest target
+41.30%

Low Price Target
42.45GBP
Spread / Lowest Target
+15.35%

[dudishes] 30/9/2024 14:39

Some recovery afoot?

[mrscruff] 24/9/2024 10:15

The share price continues its decline, but has a low P/E of sub 14, has a net cash position and has growth. This decline will not persists. Can only presume a large seller has been dumping and this will be temporary and we will move up 30% over the weeks and months ahead.

...and now we have had more China stimulus news and as a macro person, this is time to be stimulating the economy in this cycle. Clarkson does have exposure to China. According to their 2022 Annual Report, 24% of all global imports are into China. This indicates that a significant portion of the global shipping market, which Clarkson is heavily involved in, is connected to China. Additionally, the company’s strategic focus on facilitating global trade means they are likely impacted by economic and geopolitical developments in major markets like Chin. I have added.

[robe7] 13/9/2024 08:14

Yes agreed a good time to buy the dip

[mount teide] 07/9/2024 18:28

A Buy & Hold investors dream long term chart - Clarkson (CKN)



Despite having over seventy circa 15% share-price pullbacks since the previous commodity/shipping market cycle low in 2000, Clarkson, the World's Largest shipbroker has since returned:

* Forty fold capital growth

* Ten times the original investment received in un-reinvested dividends

* A total return of 50 times the original investment....(inflation unadjusted)

* A total 31% CAGR for shareholders over the last 24 years.

* £10k invested in 2000, would be worth circa £500k today in Capital Growth + Div's

Invested £50k in CKN in 1999 and averaged up on numerous occasions between £2 and £7 during the next decade - if I'd let all the investments in CKN run instead of taking profit mostly in the £teens to invest in other equities to rebalance the portfolio risk, the CKN investments would collectively now be into 8 figures.

Why is it important in the global shipping sector to be well researched and have long first hand experience of the extreme boom and bust nature of its long term market cycle?

Clarkson shipbroking peer Braemar's long suffering shareholders have been rewarded for their loyalty since 2000 with just a 72% share-price increase from 169p to 292p. Mostly the result of repeatedly failing to appoint a management team with the required sector knowledge, management experience and talent to successfully navigate each stage of the market cycle to maximise long term capital growth.

AIMHO/DYOR

[mrscruff] 30/8/2024 11:34

I can take this one. CKN appears to get paid and perform regardless of fluctuations in the cycle. Not saying it is immune to sentiment as a headwind but the EPS story should remain.

[dilip40] 14/8/2024 10:58

hi mt any thoughts on ckn, and shipping cycle

[disc0dave46] 05/8/2024 14:01

Yep fairly soft numbers and it's had a decent run since about Oct and up over 40% over the last year. Not a good day to be issuing just an online forecast.

[wad collector] 05/8/2024 13:28

Interims have not impressed the market ; revenue and profit both down by 3%. They point out that weighted to 2nd half of year and full year expectations unchanged but greeted by an £8 drop on opening. Recovered £3 now but still an ugly chart now! So much for my enthusiasm last week; commentators curse!
Added at 38.61 though ; seems an over-reaction still.

[wad collector] 31/7/2024 11:23

Looks like £50 on the horizon. Hold and prosper?

[wad collector] 15/7/2024 21:16

It is not a concept that is getting much in the way of column inches at the moment; disappeared from British news .

[disc0dave46] 12/7/2024 14:53

More companies seem to be reporting their shipping costs are causing issues - Poundland today in the press.

[wad collector] 10/7/2024 16:00

$5800 this week; a significant drag on world trade but good for brokers.

[wad collector] 26/6/2024 12:47

Now $5100.

[wad collector] 02/6/2024 08:53

In the last year, the average shipping costs have gone from about $1600 for a 40ft container to $4200 , and rising fast.

Looks like a good time to be a ship broker.