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
  -30.00 -1.47% 2,010.00 2,010.00 2,015.00 2,040.00 2,010.00 2,025.00 79,376 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 363.0 0.2 -42.4 - 611

Clarkson Share Discussion Threads

Showing 4551 to 4573 of 5150 messages
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Decent update although not much guidance for next year.
heading for one horny breakout today :-) CR
07:31 Oil traders demand ships to store crude before prices rebound. Thanks for the link corbeta. CR
Baltic Dry Index, has it bottomed and is it turning up? If you look here: - better info' and graph than Bloomberg IMO. Cape Index graph has put in a higher low this week and Panamax and Supramax have both recorded gains over several days for the first time in a long time. Just noticed the link has recently been posted on the BMS thread!
'I think oil is going lower (and maybe much lower -- can you say $1-a-gallon gas?) in the near term. As I have written about before, oil is now in the steepest contango on record. That means oil is cheap today and more expensive in a few months. That is not normal. Oil is bidding for storage. You can make 20-25% on your money in a few months if you can buy oil and find somewhere to store it. At least 25 supertankers have been leased to store oil, and sources say another ten are being bid for. It remains to be seen if OPEC can really cut enough to make a difference in the near term'. from mauldin
15:02 Investment Banks Seek Supertankers for Contango Trade (Update1) Email | Print | A A A By Alaric Nightingale Jan. 9 (Bloomberg) -- Investment banks want to hire supertankers to store crude oil at sea, seeking to profit as futures contracts get more expensive later in the year, according to Frontline Ltd., the largest owner of the ships. A few banks are asking about Frontline's vessels, Jens Martin Jensen, the Singapore-based interim chief executive officer of its management unit, said by phone today. The banks, which tend not to hire ocean-going tankers, are seeking to profit from a market situation called contango where futures prices are higher than the cost of immediate supplies. A purchaser could buy oil now, keep it for months at sea and fetch better prices by selling oil futures that are higher than the spot price. "There's a window of opportunity right now and it could last some time," said Sverre Bjorn Svenning, a director at Fearnleys A/S, an Oslo-based shipbroker and consultant. Shipping costs could triple as a result and eventually bring an end to the trade, he said. The companies exclude Citigroup Inc., Jensen said, declining to identify them. Its Phibro LLC commodities trading unit has the 1 million-barrel Ice Transporter stationed off northern Scotland, according to people familiar with the matter. Hedge funds aren't trying to conclude such deals, Jensen said. 'Significant Returns' Morgan Stanley owns half of Heidmar Inc., a company that operates oil tankers on behalf of groups of owners. Goldman Sachs Group Inc. trades commodities through J. Aron & Co. Barclays Capital noted the potential for profit as early as November, saying in a report that traders could make "significant returns" by storing oil and copper. Heidmar hasn't had demand for its tankers to store oil, probably because the vessels aren't the largest supertankers that presently make the trade attractive, Tim Brennan, the company's chief executive, based in Norwalk, Connecticut, said by phone yesterday. The pricing structure has been caused by excess near-term oil supply as demand slows, and speculation that output cuts by the Organization of Petroleum Exporting Countries will reduce the glut later this year. The cost of storing on supertankers works out at about 80 to 90 cents a barrel each month, Denis Petropoulos, head of tankers at Braemar Shipping Services Plc, the world's second-largest publicly traded shipbroker, said Jan. 7. Hoarding at Sea West Texas Intermediate crude oil futures for March delivery are trading at $45.98 a barrel, about $4.78 more than the February contract. Frontline's Jensen said Jan. 7 that oil traders wanted as many as 10 very large crude carriers, or VLCCs, to hoard oil for between three and nine months. That would take the amount being kept at sea to the equivalent of almost five days of European Union demand. Iran, OPEC's second-largest member after Saudi Arabia, idled as many as 15 of its biggest ships in May to store crude. That contributed to three consecutive months of higher rental rates for ships. Commodities prices fell the most in five decades last year, with crude dropping more than $100 from the peak of $147.27 a barrel in July, as simultaneous recessions hit the U.S., Europe and Japan. Oil demand in 2008 fell for the first time since 1983, according to the Paris-based International Energy Agency.
You too QS9 CR
well up from a low of 650ish anyway 3800! Thanks for the link much appreciated as can watch and judge future purchases linked to this as well. As CR states however the fundamentals on both CKN/BMS IMO are strong and any sign however small of economic contraction slowing and an improvement in sentiment and these IMO will move sharply. Lets see....relative strength is obviously good judging from chart. Have good weekends
Baltic Capesize is rising - usually a lead indicator to dray bulk pick up. Also what about all these tankers being hired in the middle east just to store oil? That must be adding business to CKN and BMS imo. Chart says you've missed the bottom here but not missed the bulk of the forthcoming rise - which should be pretty steep when it goes through 440p CR
This is only rising with market sentiment. Reckon there is a fallback coming.
QS9 the BDI can be found here as for it going up, you wish 3800
What is the shipping index doing, heading North as well? BMS/CKN seem to move inline with that as well....
Looks to be a nice bowl forming in the CKN share price chart but the potential cup and handle nearly completed by BMS is a delight to see, especially if and when the share price reaches 300. "Cup and handle" finest chart bull signal of all, but the completion of chart patterns are best not anticipated by jumping the gun !
CR Thanks for the info.
At the interims CKN said they had settled a dispite with a Russian Shipping co for £21m. "Settlement of claims with Novoship and Sovcomflot leading to a previously announced exceptional cost of GBP21.0m" I presume that will come off the cash balance that the co had at the interims. They had net funds of £32m at the inteims so that leaves £11m net cash. They paid 16p divi at H1, 44p is the tear's divi forecast so that means aboyt 28-29p final divi. Final divi goes xd in May. So over 17 months you get around 70p in yield. 132p earnings expected - even if that fell to 100p this year the divi is well covered. So a PE of 4 even if earnings fell to £1 and around 18% yield over 15 months. That's a lot of earnings per share and total return if you believe 6 months to a year out economies will have improved. BMS looks even cheaper imo and I struggle to remember when BMS was cheaper than CKN so might be worth splitting the investment across the two - directors have been strong buyers at BMS. CR
Probably one of my best ever investments - owned these several times since 2000 - multi-bagged them lots of times - been a real star. Chart starting to turn imo - will be going very long here as they bounce, great well run co and prone to getting very oversold in markets like this - I think we'll have a positive trading statement soon and you just won't be able to buy for the dust. 11% yield, PE under 4, net cash of £32m at the interims - even if a big chunk of that goes in settling with the Ruskies which is now settled they still have £10m+ net cash. Looks a screaming buy to me. CR
Sold these 12 months ago and now back in tripled my investment last time hoping for the same again.
Chart turning, BMS chart already turned - net cash of a large amount here, screaming low PE and great yield - gonna fly north at some point soon imo. Capesize index on the up too. And the strong $ helps a lot too. CR
Took a wedge of these today, managed to get inside the silly spread, not calling a bottom or anything rash like that, just seemed the right thing to do. Regards all, good luck, happy xmas or similar.
Agree, in at the bottom....
FT today - "One of the world's key shipping markets has begun to recover from a slump, with a revival in Chinese demand for iron ore and coal pushing some average charter prices up almost threefold in the past week. The revival in prices, after a disastrous six months for the industry in which charter rates fell nearly 99 per cent for the largest vessels, could encourage shipowners to bring mothballed vessels back into service." This is a class act - I rode it from £2.50 to £10 and think its time to get back in now
future financier
bouncing nicely
oversold IMO, one to tuck away.....
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