Positive article in IC FWIW .They share the view that the warnings of global trade disruptions are nothing new in the sector and that the earnings were in-line.
They point out that CKN is debt free and underlying profits were record. They say "stormy seas make stronger sailors".
That may be true , but not if you get washed overboard...
And don't forget they also said BUY in August and you would be looking at a 10 percent loss if you followed it then. |
Capai say no more |
The slow climb back up begins.... |
Minimal target cuts then which lends credence to the drop being overdone. |
Not a holder, but on my watch list...
Berenberg cuts Clarkson price target to 4,800 (5,075) pence - 'buy'
Deutsche Bank cuts Clarkson price target to 5,100 (5,150) pence - 'buy' |
I jumped in a bit early at 37 yesterday and have averaged down at 35 this morning. I'm happy enough now to take the ever increasing dividend steam and await capital appreciation from this level. This is a quality company in my view with the long term track record speaking for itself. I see this as a good entry point for a company that I've had on my watch list for quite a while. |
Looking carefully at yesterday’s updates here, CKN now looks extremely Oversold/Undervalued based on almost all metrics, sell off was clearly way overdone providing a nice buying opportunity by Mr. Market, GLA! |
Looking at the long term chart for some consolation, there is quite a history of volatility, however as well as the dividend having been increased for 22 years in a row including this year (as announced today) the long term trend remains up.. |
I presume that that NS event today has no direct affect on Clarkson? |
Looking for an entry point here, might be a bit greedy and see if it drops a little lower over next few days. The company has been around since 1852 so no huge concerns ;-) |
Agree deadly, I was a bit quick of the mark though but given this company's excellent long term track record and results and divi being up despite some poorly chosen phrases probably jumped upon by bots/ai I am still expecting a recovery. |
Maybe I am naive, but the wording is a warning that the business is susceptible to forces beyond its control and we don't know what is happening next. Bit like it has been forever in the shipping industry.... |
wealthoracle.co.uk/detailed-result-full/CKN/1285 |
Bought a load at 3605.
All the talk of disruption, complexity, near-term headwinds, is known by everybody, nothing new there. Results speak for themselves and have dome over years. |
This company seems very good at giving misleading updates followed by disappointing results |
Topped up at 3770, fall overdone imv. |
When you start using words like: disruption, complexity, near-term headwinds, etc. it's hardly surprising that the market takes a nervous view on things IMO |
Ouch the ,market does not like the prelims , down 20% on opening. I don't get it , presumably the caution about current year outlook and the word headwind.
This looks like the same story 12 months ago.
Added at 3756. |
Divi up by 7% rising for the 22nd consecutive year! There's not many like that.
Dividend
The Board is recommending a final dividend in respect of 2024 of 77p (2023: 72p) which, subject to shareholder approval, will be paid on 23 May 2025 to shareholders on the register at the close of business on 9 May 2025.
Together with the interim dividend in respect of 2024 of 32p (2023: 30p), this would give a total dividend of 109p for 2024, an increase of 7% on 2023 (2023: 102p) and representing the 22nd consecutive year the Group has increased returns to shareholders. In reaching its decision, the Board took into consideration the Group's 2024 performance, balance sheet strength, ability to generate cash and forward order book. |
wad - 'At the risk of breaking silence , I came across a broker tip for CKN who point out that besides the shipbroking role , CKN dominate the market in shipping data and this makes them masters of insight into ships maintenance and conditions variables. Just over a tenth of CKN employees are in the data dept.'
It provides Clarkson with the invaluable opportunity to firstly use their shipping research data to 'front run' the market before making it available to the shipping and ports industries, Local & National Governments, shipyards, port operators and developers, via their award winning subscription service: Shipping Intelligence Network, and Specialist Market Reports.
Clarkson Research - Shipping Intelligence Network |
A different angle on CKN is the directors bonus issue. They are an outlier in that the CEO bonus last year was 9% of the total pre-tax profit , and 80% of the total bonus pool.The bonus was six times his salary. Is he worth five times all the rest of the BOD together?
Bonuses in 2023 were paid on the basis of a floor of £33m pretax profit, which seems a pretty low floor given the profit turned out to be £123m. So it was not exactly rewarding excellence with such a low target.
Clearly bonuses have a role in stimulating business and it might seem churlish to complain about rewards when the share price is performing well. But such a low floor to the bonus pool rewards moderate results too, even when the share price falls. And unlike most companies that mix bonuses between shares and cash, CKN gives 90% cash.
Maybe this is unfair criticism and the CEO is worth the money, hard to know from the outside.
Still holding myself , in spite of this. |
At the risk of breaking silence , I came across a broker tip for CKN who point out that besides the shipbroking role , CKN dominate the market in shipping data and this makes them masters of insight into ships maintenance and conditions variables. Just over a tenth of CKN employees are in the data dept. |
Thanks, this does make a change from some of the other BBs. |
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