Clarkson Share Discussion Threads

[welsheagle] 26/5/2011 07:31

Ex-dividend yesterday, so no panic.

[cosimodo] 24/5/2011 21:16

I know CKN's share price is volatile +/- 70p from central trend but with the BDI just turning up again it is likely, soon to head back in the right direction. I think it is still a very good long term investment.

[spob] 24/5/2011 12:29

ex div tomorrow

30p

[welsheagle] 16/5/2011 19:27

From May's 'Company Refs', when price was 1261p:-
a/ Prospective PE ratio of 10.7 (based on three broker forecasts, one recommending 'Buy', one neutral, and one recommending 'Add').
b/ Dividend of 4.02%.
c/ Net asset value per share of 613p.
d/ Net cash per share of 697p(this figure has been questioned)
e/ Price to sales ratio of 1.16.
f/ Turnover up from 117m to 203m in last six years.

[galles] 11/5/2011 19:03

Clarksons has delivered a good performance during the period. The unforeseeable events in the early months of 2011, including tragic natural disasters in Japan and Australia and political unrest in the Middle East, have led to continued volatility and uncertainty across global shipping markets. Nevertheless, the Group has traded in line with the Board's expectations reflecting the strength and breadth of our market leading client services and global reach.



Doesn't sound at all bad, why such a fall today?

[welsheagle] 07/5/2011 16:13

Panmure Gordon reiterated their 'Buy' recommendation this week, with a target price of 1500p.

[michaelmouse] 03/4/2011 18:46

Clarkson is mentioned in my personal blog for any interested parties

Ignore otherwise



Michael.

[spob] 11/3/2011 13:00

Clarkson receives Libyan boost

Created:10 March 2011

Written by:Martin Li

Investors Chronicle

Shares in shipping services group Clarkson gained 6 per cent on the back of these figures as recovering global trade helped it beat a set of analysts' forecasts that had already been revised upwards since the start of the year.

Chinese demand for raw materials was the key driver behind 2010's growth, although Clarkson also saw a resurgence in western dry goods demand. Coal trade was particularly strong with Asian growth of over 13 per cent comfortably offsetting reduced western demand. The company's bosses anticipate that coal and iron ore will remain the major growth commodities this year.

They had expected that the introduction of new capacity, and reduced use of tankers to store oil, would lower the rates for crude carriers. However, finance director Jeff Woyda confirmed that the higher oil price, substantially reflecting ongoing Libyan unrest, has rallied activity as oil companies look to sell more crude at the higher current prices.

Since year-end, Clarkson has repaid all bank borrowings, redeemed seed capital of £11.4m, and negotiated an as-yet undrawn £25m credit facility. And, following these results, broker Panmure Gordon increased its EPS forecast for 2011 from 105.5p to 111.1p and raised its target price from 1,150p to 1,300p.


CLARKSON (CKN)
ORD PRICE: 1,116p MARKET VALUE: £212m
TOUCH: 1,106-1,126p 12-MONTH HIGH: 1,220p LOW: 820p
DIVIDEND YIELD: 4.2% PE RATIO: 9
NET ASSET VALUE: 613p* NET CASH: £132m



Year to 31 Dec Turnover (£m) Pre-tax profit (£m) Earnings per share (p) Dividend per share (p)
2006 118 21.1 83.1 36.0
2007 173 25.6 96.4 40.0
2008 250 18.2 41.9 42.0
2009 177 22.5 90.0 43.0
2010 203 32.4 125 47.0
% change +15 +44 +39 +9
Ex-div:25 May

Payment:10 Jun

*Includes intangible assets of £32.7m, or 172p a share



Guide to the terms used in IC results tables.

More analysis of company results


--------------------------------------------------------------------------------

IC VIEW:
GoodValueThe outlook remains positive for Clarkson's main broking markets and so far this year the group has seen rising trading volumes. Despite a backdrop of volatile freight rates, a forward PE of 10 - which falls to four times after stripping out the cash pile - looks good value.

Last IC view: Good value, 925p, 27 August 2010

[spob] 11/3/2011 12:58

Clarkson now trading on FOUR times earnings after cash

WTF !


Fill yer boots folks

[galles] 10/3/2011 10:19

The group remains strongly cash generative and there has been a substantial improvement in the quality of the balance sheet. Revenue increased by 14.7% during 2010, leading to an increase in profit before tax of 44.0% to GBP32.4m (2009: GBP22.5m). Total administrative expenses increased by GBP14.3m to GBP160.1m, reflecting the impact of exchange rates on costs incurred overseas, increased staff numbers and the results of bonus schemes being linked to profits. There was a one-off release of a GBP2.0m remuneration provision in our US business.



Very strong results! All debt paid off. Strong cash generating business. This company is a gem!

[galles] 10/3/2011 08:49

Preliminary results

Clarkson PLC ('Clarksons') today announces preliminary results for the twelve months ended 31 December 2010.


Results for 2010 Year ended Year ended
31 December 31 December
2010 2009
Revenue GBP202.6m GBP176.7m +14.7%
Profit before taxation GBP32.4m GBP22.5m +44.0%
Earnings per share 125.4p 90.0p +39.3%
Dividend per share 47p 43p +9.3%


SUMMARY

-- Excellent performance delivered by the Clarksons team enabled the group to exceed financial expectations over the course of 2010

-- Continued growth in market share across all broking divisions, consolidating Clarksons' positions as market leader, despite uncertain shipping markets

-- Significant new hires in 2010 across global network to further strengthen the group's best in class teams

-- Strong balance sheet, with all bank borrowings repaid since the year-end

[aleman] 23/12/2010 16:41

Nice Christmas present.

[galles] 23/12/2010 15:50

The word 'ahead' does wonders to share price! :)

[gorse] 23/12/2010 15:26

Good positive trading update:

[galles] 17/12/2010 10:03

Nellie, thanks, but I can't quite locate the document on the site......

[nellie1973] 17/12/2010 08:18

Broker note out

[welsheagle] 11/12/2010 20:32

So that was what was keeping the share price down.

[sailing john] 10/12/2010 13:08

Yes $21m
SJ

[chector177] 10/12/2010 12:58

Great news today from the high court

[galles] 12/11/2010 15:24

Corbeta, I guess it's down to the Baltic Dry Index falling steadily since end of Oct affecting the sector rather than CKN itself.

[corbeta] 12/11/2010 14:02

Strange - I thought the CKN IMS was stronger and more positive than the recent
half-year results for BMS.

[galles] 12/11/2010 12:33

Lloyds reduced their holdings here significantly.....

[postiga08] 27/10/2010 16:18

i doubt this will go beyond the £11 mark