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
  0.00 0.0% 2,200.00 2,200.00 2,205.00 2,375.00 2,190.00 2,375.00 37,946 16:29:02
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 363.0 0.2 -42.4 - 668

Clarkson Share Discussion Threads

Showing 4726 to 4748 of 5150 messages
Chat Pages: Latest  194  193  192  191  190  189  188  187  186  185  184  183  Older
Current trading Trading across the Group is increasingly robust as the market improves. ACM's global offices are performing well, and the Board looks forward to the integration of Endeavour to further broaden the Group's offering. Despite the challenging period that the sector has experienced, the Group is ideally positioned to capitalise on the upturn in the market. With global oil demand regaining strength, and tanker demand increasing, particularly in the Far East, the prospects for ACM remain strong.
09:44 "Virtually all of the ocean carriers now seem to accept that there will not be a relapse into a second-dip recession nor an end to the growth," Hackett Associates founder Ben Hackett said, noting that many shipping companies have recently restored services and capacity that had been cut back. "Not a day goes by without a new announcement of additional services or re-instatement of services that had been withdrawn."
From May's 'Company Refs', when price was 950p:- a/ Prospective PE ratio of 9.89 (based on four broker forecasts, three recommending 'Buy', and one recommending 'Add'). b/ Forecast growth in eps of 4.26%. c/ Dividend of 4.65%. d/ Two directors buying recently. e/ Net asset value per share of 510p. f/ Net cash per share of 754p. g/ Price to sales ratio of 1.01. h/ Turnover up from 82.4m to 177m in last six years.
US retail container imports develop a growth trend in 2010 after a weak 2009.
RNS Number : 7722L Clarkson PLC 12 May 2010 12 May 2010 CLARKSON PLC ("Clarksons") AGM and Interim Management Statement Clarksons, the world's leading shipping services group, today announces its Interim Management Statement published in accordance with the UK Listing Authority's Disclosure and Transparency Rules, for the period from 1 January 2010 to 12 May 2010. At the Annual General Meeting to be held in London today, Bob Benton, Chairman of Clarksons, will make the following statement: Trading As noted at the time of our year end results in March, we have experienced steady improvements in the trading environment since the beginning of the year. While the Broking segment has performed better than expected, overall at this point trading for the year is in line with the Board's expectations. Broking Both transactional volumes and rates have grown across the Group versus the same period last year. Whilst rates remain significantly lower than the average over the last five years, they have recovered from the lows experienced at the end of 2008 and into 2009. The sale and purchase market has also improved significantly year on year since the beginning of 2010 across most asset classes. We believe these improvements signal a more sustained return of activity to the Sale and Purchase market. Against this market back drop, Clarksons has benefited from its global presence, particularly in the Asian economies. These economies are currently playing an important role in global economic recovery and as the largest broker in the region, we will continue to derive competitive advantage from our reach and expertise. As a result of these steady market improvements, US dollar broking revenue has increased year on year for 2010 to date. Financial Our futures broking business has also experienced improved market conditions year on year, mirroring the pick up in physical markets. However, in keeping with global capital market activity, our investment services business is experiencing longer periods to transaction closure. Support As anticipated, this division has grown revenues year on year in 2010 to date, delivering a performance that is in line with the Board's expectations. The Port & Agency business has been the primary driver of this improvement and we have also been successful in reducing ongoing operating losses from logistics. Research Our research division has also performed in line with the Board's expectations to date in 2010. The research team successfully launched two new products during the first quarter: an updated version of the Shipping Intelligence Network, the leading online source of data in shipping, and World Fleet Monitor, a new monthly publication. Outlook The Board is encouraged by the improvements in market conditions experienced to date in 2010. Growth trends in Asia, combined with a more sustained return of volumes and rates, signal an improvement in confidence in many of our markets, although uncertainty remains. Clarkson continues to be strongly cash generative with a solid and strengthening balance sheet. The benefits we derive from our financial position means we can continue to attract top teams and grow our presence into both established and new markets. This breadth of coverage is a differentiator as is our market leading research. Whilst it is inevitable that shipping markets will continue to recover at differing rates, we believe that we have started to experience a more sustained recovery. Combined with Clarkson's clear competitive advantages, we look forward to the remainder of the year with confidence.
Lovely rise over the last week - what's brewing? The BDI's gone nowhere.
CKN dividend circa £8m of the £62m highlighted in results under dividend and management bonuses, so unless I am missing something here, they paid bonuses circa £54m at year end. BMS is debt free. Adjusting for £10m net cash at half year, it trades on hEPS of 8 with 5.3% dividend yield. I prefer hEPS as this is easier to estimate (!) and provides a more conservative valuation - effectively any growth is a bonus.
As a shareholder, i will receive the dividend so no need to adjust for that It's the same for all companies and i'm interested in the forward not backward pe ratio so all in all, a bargain TRUE PE for Clarkson Re BMS - High Debt - Yes OR No ?
personally think BMS is better value, but there you go.
spob Agreed - good point. I would adjust the stated net cash figure to reflect both the £62m due for 2009 dividends and year end bonuses paid to staff (both are reported in the full year results but will appear in the 2010 accounts) and the £7m pension deficit. This leaves a net cash figure of circa £26m which puts the company on an historic p/e of circa 8 - ((£136m MCAP / 19 million shares) / 90p hEPS). Not quite as cheap as including the full £95m but a better PE than stated in IC. I am a holder and would add if the price fell below £7.50 (giving a P/hEPS = 7 and yield = 5.7%).
* Remember if you subtract the net cash from the current CKN market cap, you get a true market price which is much lower. Thus giving a very very low, TRUE FORWARD PE Ratio for Clarksons. These are a bargain price going forward It amazes me how often people fail to account for the net cash or conversely net debt position, And take into account how it affects the true price that they are paying for a company.
07:57 Clarkson If stockbroking is a notoriously volatile business, shipbroking is little different. That much is evident in charter rates for the world's largest oil tankers, which collapsed from $250,000 a day in early 2008 to only $30,000 at the end of last year. So it might come as little surprise to find that the world's biggest shipbroker has not escaped unscathed from the worst downturn in its sector since 1974. Clarkson found that rock-bottom charter rates meant lower commissions. So, too, did an average 25 per cent fall in the value of second-hand tankers, where it takes a cut of their price on purchase and sale. Overall, operating profits fell 39 per cent to £24 million on sales down 29 per cent to £177 million. But yesterday's full-year results showed signs of renewed confidence - not least in the 1p rise in Clarkson's final dividend, which had been kept on hold a year ago. Charter rates have bounced off the bottom, broking volumes have picked up and an increased number of ships are changing hands. There has also been a return of time chartering, whereby vessels are hired at fixed rates for periods of typically between three and five years, rather than at spot rates - indicating that movers of seaborne cargo are keen to lock in current rates before they rise further. For its part, Clarkson says that its broking transaction volumes actually rose last year, suggesting that, in tougher times, trade has migrated to the bigger players. Equally, its overseas expansion has continued apace, especially in Asia, where it is the biggest shipbroker in Shanghai and Singapore. For the first time in its 157-year history, Clarkson has more staff abroad than on its home turf. At 853p, up 35p, or nine times 2010 earnings and yielding 5 per cent, buy on weakness.
Panmure Gordon reiterated their 'Buy' recommendation today, with a target price of 1000p.
Good results and nice divi to look forward to. I like this statement: Since the beginning of the year, all areas of shipbroking have continued to experience growth in volumes. We are also beginning to see a return to period chartering and there has been a re-balancing of freight and asset values which has led to renewed activity in the sale and purchase market.
From end of day report 5/3/10: Charles Stanley published a review of the shipping market, saying that optimism appears to be returning to the sector after a difficult 2009, when the economic crisis was magnified by low freight rates and overcapacity. Volatility is expected to continue, but Chinese demand and infrastructure spending will be key to any recovery. New vessel deliveries are continuing, but a cold winter and declining oil stocks have increased demand for tankers, and better conditions are expected in 2010 for container ships. Clarkson (CKN) is the next firm due to report results, on 11th March, and the broker expects pre-tax profit for 2009 of 21.7 million pounds, almost half of that for 2008. The firm had said in November that trading was in line with expectations, but still difficult, although broking volumes have either been mai ntained or increased, with a cautious return to buying activity in the sale and purchase markets. The 'add' stance and 954p target was unchanged.
Moving in the right direction and I am looking forward to the dividend.
Getting lively towards the end of the day +4%. Could be a start to the run-up to the results.
CLARKSON PLC Notice of Preliminary Results Clarkson PLC, the global shipping services group, will be announcing its preliminary results for the year ended 31 December 2009 on Thursday 11 March 2010.
11:19 The rebound in Chinese exports has been so rapid that some factory executives in the Pearl River delta region near Hong Kong have begun complaining of shortages of empty steel containers in which to ship their goods. Container shipping companies have begun raising freight rates and remove discounts introduced in response to the financial crisis.
Becalmed I will settle for CR.....but I think high time we had a full head of steam :-)
'Becalmed' is the term I think yorgi :-) CR
I agree, ....differant to BMS whose chart looks better. I'm sure this will catch up, sometime.
Clarkson seems to have got "stuck in the mud" ! All good signs directors buying positive RNS but it does not want to move at the moment
Chat Pages: Latest  194  193  192  191  190  189  188  187  186  185  184  183  Older
ADVFN Advertorial
Your Recent History
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20200405 01:23:37