Clarkson Share Discussion Threads

[rivaldo] 10/3/2005 08:46

£9 up!

Just 2,000 shares bought (as declared anyway). No sellers anywhere it seems at present - Cat's £12 or so target looks more and more likely given the continual demand for shares and the strength in CKN's markets.

Or maybe there's something in the takeover rumours?

[madskt] 10/3/2005 08:43

BMS and FSJ buoyant today as well.
FSJ's results yesterday seemed OK, but what PE now...???

[hawks11] 10/3/2005 08:28

And as a result it has been marked up 7p to start the day and no transactionsthat I can see this am.

[rivaldo] 10/3/2005 07:25

BDI up again, 36 points to 4,781.

In answer to a question on the other thread, it looks like results will be out on 31st March per the Clarkson web site:


Yesterday was interesting - a few small sells, then wham, in comes a 15,000 share buy at 887p at the end of the day mopping up the sells. Buyers in the background?

[maksud] 09/3/2005 08:16

any view guys im looking to top slice or shall i let profits just run.any date of finals.

[rivaldo] 09/3/2005 07:47

BDI up 45 points to 4,745.

[shirishg] 08/3/2005 12:30

Post removed by ADVFN

[rivaldo] 08/3/2005 12:03

BDI up again, 48 to 4,700.

[rivaldo] 07/3/2005 18:37

BDI was up Friday, 33 to 4,652. VLCC is down mind you.

Last year's results were 31st March. Not long to go.

[andrbea] 07/3/2005 17:49

haha, cat

I plead guilty as charged...

wouldn't it be nice (like CIMC) if ckn had a 3-fold increase in profits... :-)

[cat] 07/3/2005 17:09

I can arrange some counselling for you andrbea if you want.

[andrbea] 07/3/2005 14:32

"BEIJING, March. 7 -- China International Marine Containers (Group) Co. (CIMC), the world's largest shipping container maker, posted Friday a more than threefold jump in 2004 net profit as sales volume and container prices surged on a global economic recovery.

The Shenzhen-based company reported a net profit of 2.39 billion yuan (US$288.8 million) for 2004, up sharply from 682.7 million yuan the previous year. Its earnings per share reached 2.37 yuan last year, compared with 1.08 yuan in 2003. "

[rivaldo] 07/3/2005 14:24

Whoa - another day, another surge, another chart breakout. Can't be bad. And still on a probable historic P/E of 11 before even thinking about subtracting the cash mountain.

[andrbea] 07/3/2005 13:56

clarkson (according to)



and page 2 here:



and another

[andrbea] 07/3/2005 10:27

Analysts said the import-heavy policy of the United States could heap significant consequences on already-clogged Southern California ports.

"The future could be really horrendous as far as the trade imbalance on the trans-Pacific goes," said Mark Page, director of research at Drewry Shipping Consultants. "We're projecting that in 2015, there will be four TEUs worth of imports for every one TEU of exports."

TEUs refer to 20-foot equivalent units, a measurement for cargo containers.

That ratio was even in 1995 and is currently 2.3 TEUs of imports for every one of exports.

"Congestion is a global problem, not just a Southern California one," Page said. "Congestion is bound to fuel cost rises, which will translate into higher freight rates. It's even possible that manufacturers could start looking to local production or regional sourcing in order to get around relying on the ports."

[lauders] 04/3/2005 05:22

Thank you lafiamma. Should have checked myself, but I knew someone would come up with the answer. If the share-price is gaining strongly now before T10 territory, then what may it do in a couple of weeks?

Interesting times ahead ;-) Cat's 11.00 pounds is on its way by the looks of things.

[rivaldo] 03/3/2005 21:38

It's a lovely chart isn't it :o))

And to cheer you even more, remember this snippet from CKN's interims about Clarkson Securities Ltd:

"The first half of 2004 saw record levels of business written by CSL. We have
also witnessed a significant increase in our tanker derivatives broking activity which we will further support with brokers based in Singapore.

Our fledgling Clarkson Capital has been providing freight and asset management
services to our clients with the aim of insuring a good understanding of how
best to utilise the derivative products available."

Well, per the FT it seems shipping derivatives increased by 70% in 2004 and are forecast to do the same in 2005. Happy days!


"Shipping derivatives gather head of steam
By Kevin Morrison
Published: March 2 2005 22:24 | Last updated: March 2 2005 22:24

Hedge funds and financial brokers are taking an increasing interest in shipping derivatives following the steep rise in freight costs prompted by the growth of the Chinese economy.

A new report by Celent, a research and advisory firm, says the boom in activity could lead to a rise in
the number of electronic exchanges that trade shipping derivatives.

Derivatives trading on shipping rates, also known as forward freight agreements (FFAs), rose by 70 per cent last year to $30bn, said Axel Pierron, the report's author.

Mr Pierron forecasts the market will increase by another 70 per cent this year, following growth rates of 80 per cent in 2003 and 20 per cent in 2002. Shipping derivatives trade is conducted in the over-the-counter (OTC) market and benchmarked against prices listed on the Baltic Exchange, which is based in London.

He said hedge funds were also attracted to shipping derivatives trading because of the volatility, as many investors viewed the market as an extension of the underlying physical commodity market.

The Baltic dry freight index, a basket of prices for charting vessels on 25 of the world's most important routes, more than quadrupled to its record high in December but has since fallen more than 20 per cent. "If you are involved in the buying and selling of commodities, you have to know the cost of shipping, and the only way you can manage that cost is to hedge," said Mr Pierron.

More than 6bn tonnes of raw materials a year – or about 90 per cent of world trade by weighted volume – is carried by sea. Shipping is also expected to take a greater role in the oil market, with more than a third of global oil production transported by ships, a proportion that is expected to rise over the next decade.

Mr Pierron said Norway's Imarex was the only electronic trading platform for FFAs. It has captured 15 per cent of the total FFA market in only two years. He said transaction volume on the Imarex platform had risen from 10 transactions in the first quarter of 2002 to more than 1,200 in the fourth quarter of last year.

Imarex has a greater share of the wet freight market, which is the segment that covers the oil tanker market, with a 35 per cent market share.

Mr Pierron said the average transaction value on Imarex was lower than the voice brokerage market, which would make it attractive for other electronic platform providers to come in and offer a service. "The success of Imarex might convince other electronic platforms such as Eurex and Euronext to expand into shipping," he said.

Euronext already provides an electronic platform for trading in coffee, sugar and wheat.

He said Imarex might eventually be integrated into a larger exchange because it lacked the range of products that would complement FFAs such as energy, metals and agriculture."

[james111] 03/3/2005 15:06

i do love ckn i am halfway thru a U S 6 week trip/holiday and yet again it looks like my ckn paper profits will pay for it.
how i wish i could find more like this one.
regards
james.

[lafiamma] 03/3/2005 14:52

31st March I think Lauders, it's on CKN website

[lauders] 03/3/2005 14:39

Hmm.... Aren't results soon? Perhaps sooner than we think? It seems ages since we last had anything results wise from CKN!

[rivaldo] 03/3/2005 14:22

Really picking up steam now - excellent!

[andrbea] 03/3/2005 11:48

P&0:

Average freight rates up 13%
- Underlying volume up by 10% (8% on a reported basis)
- Positive trading outlook for 2005
Commenting on the results and the future outlook, Royal P&O Nedlloyd CEO Philip Green said:
"This year has been one of major progress for Royal P&O Nedlloyd. The reverse listing was successfully completed, our container shipping business - P&O Nedlloyd - has been fully integrated into the group, and we can move forward as one team with a clear strategy focused on shareholder value. In addition Royal P&O Nedlloyd was admitted to AEX index in March 2005.
"These results are the best ever for P&O Nedlloyd. We have delivered on our promises for 2004: operating profit significantly ahead of 2003 at US$401 million, and our new yield management systems are deployed.
"The outlook for 2005 is positive. Volumes and freight rates remain strong"

[rivaldo] 03/3/2005 11:19

Still breaking out I see. The BDI is down to 4,619 and VLCC rates have also dipped a touch.

The institutional roadshow is only a week old, and it takes these guys a while to make decisions. Perhaps those decisions are slowly being translated into these daily price rises.

[rivaldo] 02/3/2005 11:14

Yep - although you have to say that at these levels, as a market leader, and with all that cash CKN must look attractive to bidders (cue CMB?).

The BDI and VLCC rates have dipped a little over recent days, but the CKN price is continuing to make new highs. Looks pretty solid and set for more imo.

[andrbea] 02/3/2005 09:55

nice one laf!

some sites are still tucked away as my 'favourites'

eg Tankerworld

Last week saw an increase in VLCC fixture volumes with rates hitting WS189, another record for 2005. With rising crude oil prices, the downward pressure on tanker rates is thought by many to be temporary.