Clarkson Share Discussion Threads

[aleman] 03/6/2009 09:53

Yesterday's huge 400+ BDI rise now showing - clearly back into bubble territory. Amazing how papers still report global recession.

[qs9] 01/6/2009 21:33

Probably due to consistency and cash pile, hopefully once CKN (now old liabs, court cases etc are gone) can prove consistency, it will get a much higher rating...IMO!

[davebowler] 01/6/2009 13:23

BMS is showing a steeper recovery.

[qs9] 29/5/2009 11:33

More like it....BDI heading north and this should IMO be higher as well..

[qs9] 28/5/2009 11:48

Not sure why the fall, unless XD?

[qs9] 27/5/2009 19:16

Was Xd today?, how is the BDI getting on as well? Hopefully continued recovery in the index will continue to push CKN much higher....

[rochdae] 27/5/2009 08:39

Wow, divi made up and some. looking v strong.

[qs9] 21/5/2009 18:08

Looking strong still despite FTSE fall today....cracking stuff...

[qs9] 17/5/2009 18:38

Owenski, thanks....as economic recovery takes hold CKN/BMS will continue to benefit IMO and as you say, the divi is a nice plus to bank away..!

[owenski] 17/5/2009 10:43

Hi QS9, still around, bought this one at 380 cause I thought it was overdone, providing the business doesn't tank I'll be holding, at the level I bought the div. is providing a good income, got a few shares like that at the mo making good capitol on them but dont wanna sell cause the divi's too rich. Hold BMS as well.
Regards all

[qs9] 16/5/2009 10:38

Great news, happy to hold CKN/BMS while markets look into 2010 and buy for recovery IMO

[bluebelle] 15/5/2009 14:04

I agree with them : I hope we're both right !!!

[welsheagle] 14/5/2009 20:45

Panmure Gordon recommended CKN as a 'buy' today, with a target price of 725p.

[qs9] 14/5/2009 19:44

BMS and CKN IMO are good ISA stocks...great results from BMS and decent statement from both on outlook

[idle dreamer] 14/5/2009 08:59

Just noticed Braemar results from 2 days ago. Haven't looked in depth, but the headlines are the best in their history. Augurs well for CKN, I guess.

BRAEMAR SHIPPING SERVICES PLC

12 May 2009

Unaudited preliminary results for the year ended 28 February 2009

Braemar Shipping Services plc ("Braemar" or the "Group"), a leading
international provider of broking, consultancy, technical and other services to
the shipping and energy industries, today announces full year unaudited results
for the year ended 28 February 2009.

FINANCIAL HIGHLIGHTS
* Pre-tax profit before amortisation up 14% to GBP17.3m (2008: GBP15.2m).
* Pre-tax profit up 10% to GBP16.2m (2008: GBP14.7m).
* Basic EPS from continuing operations up 16% to 56.70p (2008: 48.99p).
* Cash generated from operating activities GBP21.0m (2008: GBP21.2m).
* Cash at 28 February 2009: GBP25.2m (29 Feb 2008: GBP21.6m).
* Final dividend 15.5p per share (up 3%), full year 24.0p (2008: 23.00p) up 4%.

OPERATIONAL HIGHLIGHTS
* Strongest results in Braemar's history.
* Increased diversification of marine services.
* Estimated forward order book deliverable in 2009/10 - GBP29m (US$42m)
(2008:GBP27m, US$53m).
* Non-broking businesses now 25% of group operating profits.*

*before amortisation and central costs

[steeplejack] 13/5/2009 11:07

Reassuring interim management statement.Meeting their expectations.Hopefully those expectations have not been sighted too low!Anyway,company comments smack of confidence in a difficult environment.

[welsheagle] 12/5/2009 17:29

From May's 'Company Refs', when price was 510p:-
a/ Prospective PE ratio of 6.28 (based on two broker forecasts, both recommending 'Buy').
b/ Forecast growth in eps of around 15%, from 2009 to 2010.
c/ Dividend of 8.24%.
d/ Two Directors buying recently.
e/ Net asset value per share of 543p.
f/ Net cash per share of 959p.
g/ Price to sales ratio of 0.38.
h/ Turnover up from 82.4m to 250m in last five years.
i/ Positive cash flow per share of 320p.

[idle dreamer] 06/5/2009 14:59

My Finspreads chart is showing a spike up to 764.5 at 14:03. Prices now "indicative" 557.5p on Finspreads' rolling contract. Very curious.

[valter] 01/5/2009 15:40

what "events"?

[bluebelle] 01/5/2009 14:23

Surprisingly quiet on here given recent events !

[idle dreamer] 19/3/2009 10:05

The market doesn't seem too impressed with the figures, which look good to me.

[cockneyrebel] 16/3/2009 07:35

122p eps pre exceptionals looks a very creditable performance, better than a lot of analysts were expecting I bet.

Considering the yield is covered around 3 times and they have net cash these look cheap to me, right at the bottom of the shipping cycle too in all liklihood with the BDI rising.


68p divi over 14 months here out.

CR

[togglebrush] 16/3/2009 07:12

HIGHLIGHTS from Final Results RNS

• Second consecutive year of record growth; underlying operating profit up 44%
to GBP38.0m (2007: GBP26.4m)
• Expansion of global franchise with new full service offices opened in Geneva, Delhi, Hamburg, Perth and Brisbane
• Investment Services business, a key strategic area of development, received
regulatory consent in the UK
• Settlement reached with Sovcomflot and Novoship

The board is recommending a Final dividend of 26p (2007: 26p). The interim
dividend was 16p (2007: 14p) giving a total dividend of 42p, an increase of 5%. For those on Register on 29th May and it is Paid 12th June

[cockneyrebel] 13/3/2009 11:40

2 x 50K @ £5 - bit of stock clearing away?

Definitely a lot of buying going on.

CR

[dixies] 13/3/2009 11:39

CR - results are on Monday according to their last trading statement: