Clarkson Share Discussion Threads

[rivaldo] 21/2/2007 07:35

Excellent and encouraging stuff for CKN from GOC's results this morning. These are the best bits (sorry about the formatting, I'm hopeless at it) - the 2007 outlook is pretty bullish:

"Market commentary for 2006

The freight market recovered in the second half of 2006 to unexpected levels and the market has sustained these levels thus far in 2007.

Global demand for commodities and aggregates in general as well as increased
iron ore trade ex world ports to China in addition to increased levels of port
congestion (especially in Australia) pushed freight market higher than first
half of 2006 and asset values even higher.

The following table, generated by Clarkson's Research Department, clearly
illustrates the substantial changes in freight and asset values from the first
half of 2006 compared to the second half.

June 2006 December 2006 Change
1 Year T/C
(daily rates)
1 year t/c Capesize US$36,000 US$63,000 75%
1 year t/c Panamax US$19,000 US$30,750 62%
1 year t/c Handymax US$17,500 US$26,000 50%

Asset values
10 year old Capesize US$38 million US$65 million 71%
10 year old Panamax US$28 million US$40 million 43%
10 year old Handymax US$23 million US$35 million 52%"

"Based on Drewry's latest dry bulk report, 2007 will be characterised by the
following changes based upon latest estimates:

• Dry bulk trade (mtons) increase of 2.8%
• Dry bulk trade (ton miles) increase of 3.3%
• Dry bulk trade (mdwt) increase of 4.9%

By adding to these estimates, the important component of port congestion and the continuous initialisation of new trade routes (due to globalisation), there will be no surprise to see the market moving along new historic highs."

[rivaldo] 15/2/2007 09:20

BDI up again another 6 points to 4,366 yesterday.

[rivaldo] 14/2/2007 15:16

Yep. Good to be rising on terrific volumes today too, with £1.6m of shares traded already - plenty of demand as the word spreads of the rise in the BDI last year and the likelihood of results in line or much better.

[amitkoth] 14/2/2007 10:16

dont know - but Im waiting for results, just a month or two now. completely silly to sell before then ...

[d4vos] 14/2/2007 09:56

any1 any idea of movement....get onboard ambrian capital same thing happening

[woracle] 14/2/2007 09:49

Been tipped or are we finally in play !

[amitkoth] 14/2/2007 08:53

Nice movement :-)

[rivaldo] 14/2/2007 08:45

Looks like the director knew something when he made that huge buy at the end of the year...

[rivaldo] 14/2/2007 08:10

Know what you mean A34...but in general I always find it best to run and top up on my winners.

BDI up again yesterday, 12 points to 4,360.

[a3477681] 13/2/2007 11:36

Wish I had a bit more to tuck away here. Perhaps I should sell some of my losers and back my winners for a change. I just find it so difficult to sell!

[rivaldo] 13/2/2007 07:25

Hi A34...and that P/E will be well in single figures if CKN beat market forecasts as I expect them to do based on the rise in rates in H2 last year.

Talking if which, the BDI was up once more yesterday, 20 points to 4,348.

[a3477681] 12/2/2007 20:47

Agreed Rivaldo. Rates looking good, steady management with good plan, much of the stock held tight, plenty of demand for shipping. PE 10.5 which seems very reasonable for a company of this quality, a yield of almost 4%,and dont forget the trading statement 30/8/06 "Your company is well placed to produce another excellent result in 2006". Roll on 29th March for results.

[rivaldo] 12/2/2007 15:18

Ta nick. I'm happy to stick, especially with CKN at a new chart high and the freight rate indices looking so healthy prior to results. Both the results and the outlook should therefore be bullish - not long to wait now.

[nickcduk] 12/2/2007 15:08

I dont like the way the market is shaping up at the moment and feel we could move lower over the coming weeks. Ive taken my profits on CKN at 882.5. I will re-enter on any spikes lower or when the market looks like it may be stabilising. In the meantime good luck to all you long term holders.

[valter] 12/2/2007 13:41

that lenox ramp is over every board.
ban him!

[lennox_lnx_multibagg] 12/2/2007 00:40

LENNOX IS SET TO ERUPT..PLEASE REVIEW THIS COMPANY

FACT: MARKET CAP.ONLY 0.3 MILLION.
FACT: SHARES IN ISSUE ONLY 24 MILLION.
FACT: OVERHANG NEARLY GONE. BUY LIMIT LAST WEEK WAS 500,000 @1.6P NOW ONLY 75000K @ 1.6P.
FACT: SELL LIMITED WAS 50,000 @ 1.09P AT THE START OF THE WEEK, NOW 250,000 @ 1.09P. MMS WANT CHEAP STOCK.
What does this mean? A few buys LNX will explode.

Last RNS
Lennox to carry out full review in difficult trading conditions; MD retires

FACT. The review is expected to be completed in early March.

FACT ANYTHING SLIGHTLY POSITIVE LNX WILL ERUPT.

PROJECTIONS ANYWERE FROM 200%-10000%

FACT. 500,000 SHARES BOUGHT AT A MID PRICE OF 1.5P IN THE LAST FORTNIGHT, A LOT FOR LNX.

OPINION: PRICE BEING HELD BACK AS BUYER ACCUMULATES.

OPINION: IF TRUE THEN IT REFUTES THE NOTION THAT LNX ARE GOING BUST.

OPINION: EVEN IF THEY ARE, WHAT A CHEAP SHELL TO GET YOURSELF LISTED ON AIM.

OPINION: BY APRIL LNX WILL BE 15P-60P


OPINION LNX ARE THE BEST BUY ON AIM TODAY FOR MULTIBAGGER REWARDS.

[rivaldo] 11/2/2007 22:46

Nick, your timing seems pretty good with CKN. As you say the run up to results in March could/should see another sharp upwards move in the usual CKN fashion. Incidentally, the CKN web site has the results down for 26th March, 3 days earlier than last year.

I find the director share buying of £260k of shares in the last month of the financial year pretty persuasive.

The BDI was up marginally again 5 points on Friday.

[nickcduk] 09/2/2007 08:16

I got back into CKN a couple of days ago at 851p. If the market breaks higher I think CKN will get dragged up with it. I think the bigger move is likely nearer to the results where we could see 900p+ again.

[rivaldo] 09/2/2007 08:09

Agreed rogerbridge. BDI up another 10 to 4,323 yesterday.

[rogerbridge] 08/2/2007 20:24

Looking good

[rivaldo] 08/2/2007 08:02

BDI up once more, 22 to 4,313.

[Abuse team] 07/2/2007 09:14

Post removed by ADVFN

[rivaldo] 07/2/2007 08:51

BDI up again, 26 to 4,291. Will try to lok at GOC andrbea, but as you say the BDI is so far up on this time last year it'll hopefully have the same spillover effect on CKN in the run-up to results.

[andrbea] 06/2/2007 13:34

anyone know why goc is climbing so fast (up 13% today)

is this just on the back of the strong BDI chart?

info on goc:

The Company's fleet comprises of two Panamax bulk carriers, one Capesize and one Handysize vessel with an aggregate carrying capacity of 322,049 Dwt. Drybulk ships carry cargo that is shipped in large volumes and can be easily stowed in a single hold including iron ore, coal and grain.