Share Name Share Symbol Market Type Share ISIN Share Description
Clarkson Plc LSE:CKN London Ordinary Share GB0002018363 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.00 -0.2% 2,495.00 2,485.00 2,500.00 2,495.00 2,460.00 2,460.00 2,241 09:49:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 363.0 0.2 -42.4 - 758

Clarkson Share Discussion Threads

Showing 4526 to 4547 of 5150 messages
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Cosimodo You're quite right up til yesterday- but look what's happened now! I have in mind moving back in to CKN since it is now priced as if it were threatened with insolvency, yet its half yearly results were excellent. But I have a lingering worry that some one knows more than I do about the company since the share price movement over the last two days appears totally illogical. If the price continues to drop I hope that the company will make an announcement in order to remove the uncertainty.
If it had not been for the Russian business I think CKN would be at least 10% higher. Roboco, I think the BMS and CKN Sps correlate incredibly. The CKN Sp has been very close to 2X BMS's since the end of June. If you look at a ADVN graph with both on it the lines keep crossing. Clarkson's Sp seems to do odd swings of 120p and BMS about 40p. as there has been a lot of volatility but recently, the prices have not diverged by more than 10%, for periods, longer than a week. That spread could be due to just a couple of medium sized trades in opposite directions However the combined trend does seems to be levelling out. Both firms are beginning to look good medium/long term investment prospects but many buyers probably await improving news on the LOC front.
I don't understand the lack of correlation between this and BMS. BMS produces good half year results, makes a reasonably confident statement and the price goes up. CKN, in essentially the same market, goes down over 8%. Can anyone explain this?
I made loads on this one too---but I am going to hang on before going in again
i agree FF
i hope so, I import from China! BUt i dont wanna see clarkson go down
BDI falls make stock market and commodities falls look kinda pedestrian. Soon it will be free to charter a ship !
Woracle, I am afraid you might just be right
That wasnt long coming. 450 now a cert in todays markets.
BDI collapsing down another 9% yesterday at 3217, with Panamax down a spectacular 19.5%. If these remain at 5 years lows for any length of time, share price won't hold for much longer.
This last year the CKN SP/ BDI ratio has averaged roughly about 0.11 to 0.12.(the price having been effected by the prospects of legal action now thankfully passed). The drop in shipping demand and BDI, has meant with CKN at 806 and the BDI at 3504 this ratio stands at 0.23. The average for the last 3 years is something like 0.18. I know this is only one indication but one that suggests target prices of 1300 are rather optimistic until CKN profits from world trade revival.
thought that might shut you up, ya muppet
quickmind. Even someone like you must appreciate that a lot of products manufactured in China are not the best of quality. Then again, if you dont know any different you would find it hard to diferentiate.
hey guys are we missing something here, I am now looking to dive in, am i the only one!!
Did anyone notice the volume on results day? Big spike - highest day since May and May onlt had 2 days like that due to a big bottoming. Looks ike the stock is testing the all time high here after that volume - probably worth keeping a close watch, might be some newsflow. CR
Wow- fantastic trading stock... been out for a while now, but as GOC was taken private, I have some funds burning a hole in my account....
Huge reverse head and shoulders just formed - big breakout coming ? CR
That BMI index doesn't give a good guide Robcoo - I've watched it and the shipping co's performance for several years and it's a waste of space imo. What CKN say is a better guide - reckon after 71p eps in H1 and the falling $ they will do miles better than forecasts - they did the same in 2000 and 2003 - smashed the forecasts and woke the market up. Dresdner have raised their target from 870p to 1096p today - nice upgrade, way behind the curve tho imo. CR
This has been one of my best performing shares, but I've now sold out. My concern is that the reduction in world trade will reflect in shipping rates and thus over 2009 on Clarkson. I may be wrong, anbd cerainly Clarkson itself seems to think so. Since I'm still a shareholder in BMS, I rather hope that I am
Cracking results - 200p eps for the year not out of the question if the $ keeps rising. CR
Commodity Shipping Lines Reel as Baltic Index Tumbles (Update3) By Alistair Holloway and Alaric Nightingale Aug. 14 (Bloomberg) -- The world's coal, grain and ore shippers, after the longest losing streak since 2005, may face another two years of declines as the fleet expands and slower global economic growth curbs demand for raw materials. The Baltic Dry Index, the benchmark for shipping costs, fell for 23 consecutive sessions through Aug. 12, the worst decline since the third quarter of 2005. The index will average 40 percent less next year and sink another 47 percent in 2010, according to Goldman Sachs Group Inc. STX Pan Ocean Co. Ltd. and the other 11 smaller members of the Bloomberg Dry Ships Index have retreated as much as 34 percent in three months. ``What we have is a classic cyclical downturn,'' said Andreas Vergottis, research director at Tufton Oceanic Ltd., the world's largest shipping hedge fund manager. ``People are not buying cars and people are not buying houses, and when that stops, it travels backwards all the way back to the mine.'' Commodities, as measured by the Standard & Poor's GSCI index of 24 raw materials, are in a bear market after plunging as much as 22 percent from a record set July 3. China, the world's biggest consumer of coal, iron ore and industrial metals, expanded at the slowest pace since 2005 in the second quarter. Supertankers that ship oil are trading below the break-even rental rate of Frontline Ltd., the biggest owner of the ships. The Baltic Dry Index reached a record 11,793 on May 20 and has dropped 40 percent since then. The index will average 8,498 this year, 5,099 next year and 2,719 in 2010, according to Hong Kong-based Goldman Sachs analysts Tom Kim and Edman Wong. Chinese Manufacturing The index gained 1.5 percent yesterday, spurring a 12 percent rise in shares of STX Pan Ocean today in Singapore. Golden Ocean Group Ltd. was 7 percent higher by 11:44 a.m. in Oslo and D/S Norden A/S advanced 6.6 percent in Copenhagen. Manufacturing in China contracted in July from June, the first drop in at least three years. Steel mills and other factories were closed to cut pollution during the Beijing Olympics that end Aug. 24. The world economy is ``precariously close'' to a recession in 2009, UBS AG said Aug. 6. Slowing growth comes as shipyards have almost as many capesize vessels on order as already exist in the fleet, according to Goldman Sachs. Capesizes are the largest dry bulk vessels and too big to sail through the Panama Canal. Instead, they navigate Cape Horn or the Cape of Good Hope when delivering commodities from South America's Atlantic coast to Asia. To be sure, even after the 23-day decline in rates, shipping costs remain more than three times higher than their 20-year average of 2,015 on the Baltic Dry Index. Profit Advances Seoul-based STX Pan Ocean, South Korea's largest bulk- shipping line, on Aug. 11 said second-quarter profit rose 46 percent. DryShips Inc., based in Athens and the second-largest member of the Bloomberg Dry Ships Index, in May said first- quarter profit more than doubled. ``We will see more activity from September,'' said Herman Billung, Oslo-based managing director of Golden Ocean Management AS, which controls the commodity carrying fleet of Norwegian billionaire John Fredriksen. The drop in rates is being caused by a lull in demand during the Olympics and summer vacations, he said. Orders normally accelerate in the fourth quarter, he said. Unlike tanker markets, where unprofitable rental rates are spurring owners to slow down ships to save fuel, rental income from capesize carriers is still profitable, meaning there's less incentive for owners to cut speeds. Dry Bulk Fleet Some investors have anticipated the plunge. Nobu Su, a shipping investor based in Taipei, spent the last two years reducing his dry bulk fleet to 40 from 120, instead amassing the third-largest fleet of supertankers trading in the single voyage, or spot, market. Shipyards will deliver 786 coal, iron ore and grain transporters next year, according to data from London-based Drewry Shipping Consultants Ltd. That's equal to 15 percent of the existing fleet. So-called forward freight agreements, derivatives used to bet on future ship-hiring costs, for the fourth quarter have dropped 6.9 percent since July 18 for capesizes. Freight agreements for panamaxes, ships about half the size, are down 13 percent. ``There's been a genuine downturn in demand from key areas, in particular China,'' said Steve Rodley, a shipping hedge fund manager at M2M Management Ltd. in London. ``The next two months will go a long way in providing answers as to whether the current softness is seasonality- related, Olympics-related or the start of a general slowdown,'' Omar Nokta, the New York-based head of maritime research at Dahlman Rose & Co., wrote in a report Aug. 11. Nokta is advising investors to take a ``cautious'' approach to commodity shipping stocks. He doesn't recommend selling any. To contact the reporters on this story: Alistair Holloway in London at aholloway1@bloomberg.netAlaric Nightingale in London at Last Updated: August 14, 2008 06:24 EDT
We can read that from the link above - why post it without even a comment?
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