Clarkson Share Discussion Threads

[minuteman] 12/11/2007 13:33

Has anyone heard if there has been any movement in the Legal case?

[minuteman] 01/11/2007 17:04

Fancy another risky illiquid stock?

TNG is a tiddler but worth a look, I have made 300% over the past 5 years on it and kept topping up.

DYOR etc

[its the oxman] 31/10/2007 11:52

wish i could win them all but still reckon invp will come good myself, topped up just over 500p, long term hold with v nice div - ckn i trade more

[its the oxman] 31/10/2007 11:52

wish i could win them all but still reckon invp will come good myself, topped up just over 500p, long term hold with v nice div - ckn i trade more

[sambessey] 31/10/2007 11:17

Well done on your buy OXMAN- looks like you got your timing spot on- unlike with INVP eh? :-P (Glad I got out at 700p!)

I too would like to see 1200 from here, but I think we will bounce off 1100 again. This stock is very volatile.

[its the oxman] 31/10/2007 10:59

not a chartist but a run toward 1200p would look kind of right about now

[its the oxman] 29/10/2007 15:21

bought back in today 961.5p - reckon we are looking oversold now and also back yielding over 4%

[davebowler] 29/10/2007 10:58

Such a contrast here with the price action in Braemar-BMS

[minuteman] 26/10/2007 15:39

Broker re-itterated 1300p target ;-)

[sambessey] 26/10/2007 15:34

Oh look the usual afternoon slump- what a surprise!

[minuteman] 25/10/2007 12:25

Reckon it is just bobbing about on very low volumes, as it is so Illequid

[sambessey] 24/10/2007 19:06

I didnt set a stop- finger was hovering over sell at 1100 though :/

[cockneyrebel] 24/10/2007 16:56

can only think the legal battle is being lost as it's only CKN that seems to be weak in the sector - got stopped out today :-(

CR

[sambessey] 23/10/2007 10:38

Weak dollar holding this back? I'm sure that must have a big effect on profits

[martincc] 23/10/2007 09:26

CKN seem to be missing out at the moment, BDI still rising,GOC GLBS and now BMS romping away.
Bought a few more.

[spob] 23/10/2007 07:23

BMS HIGHLIGHTS

• Revenue £68.7m (2006: £50.5m), a rise of 36%
• Pre-tax profit £7.1m (2006: £4.1m), up 75% (up 42% if the impairment
charge in 2006 is excluded)
• Basic EPS 23.66p (2006: 12.03p), up 97% (up 40% if the impairment charge
in 2006 is excluded)
• Increased interim dividend declared 8.00p per share (2006: 6.75p)
• Net cash £11.1m (31 August 2006: £8.1m, February 2007: £14.6m)
• Falconer Bryan acquired and performing well


Commenting on the results and outlook, Sir Graham Hearne, Chairman, said:

'Shipbroking has gone from strength to strength with more chartering
transactions concluded and more long-term business placed particularly for
newbuilding contracts and period charters. Our forward order book of business is
at a record level and significantly higher than at the beginning of the year.'

'Our non-broking businesses are now contributing approximately one quarter of
the Group's profits.'

'The outlook for the second half of the year remains favourable. The level of
business already concluded this year means that we can be confident that the
full year out-turn should see good growth over last year.'

[cockneyrebel] 19/10/2007 12:42

BMS results Tuesday - should set CKN motoring, they will be very good.

CR

[cockneyrebel] 18/10/2007 11:09

Chart getting ready for next leg up - shipping co's galloping lately and rates soaring :-)

CR

[basil mavroleon] 12/10/2007 20:02

Ckn are indeed the largest shipbroking firm in the world and have a greater exposure to the dry cargo market than BMS, they also have a larger, more active drycargo broking team than BMS, who, although are a first class shipbroking outfit are more 'wet' ie (oil) tanker orientated. The tanker market is not having anything like the boom that drycargo is. The dryships link is good in that it shows you the latest index and values. However the Estimated Cape and Panamax rates are way out of date so take no notice of them. Today a panamax is worth over $90000/day for 4/6 months and $82000 for 12 months. The drycargo market is experiencing a boom like never before. Ckn must be making a packet...the 1.25% they earn on each deal they do is worth considerably more now than it was a year ago. They also broke the sale of ships, here the 1% they are likely to pick up is also worth considerably more than even a few weeks ago. (In august a panamax of 75000 mt dwat built say 1999 was worth around $60 million today the same ship sells for $80 million). Whether Ckn are fairly valued or not I've no idea, however I have a few and I'm not selling! The stock market does strange things though and to see the way a share like for instance Xstrata have jumped up and down in the last couple of days just goes to show there's little logic in this game!!

[cambium] 12/10/2007 15:03

yep amazing rises

[amitkoth] 12/10/2007 14:44

appears to be 10,695 actually, here:

[cambium] 12/10/2007 08:00

bdi breaks through the ten thousand

10218

flippin - hec!

[sandbank] 12/10/2007 00:30

I'm a long-time follower and holder of CKN but no expert on the shipping industry. However it does seem as though the rising freight rates around the world must be contributing something to this rise. Tiddlers like Global Oceanic (GOC) are citing freight rates as the main reason for their rising profits.

[cambium] 11/10/2007 19:34

welcome back CR

[nirvs] 11/10/2007 18:51

CR - you may also want to have a look at GOC. Same sector, and also at ATH