Clarkson Share Discussion Threads

[hawks11] 24/8/2012 18:59

A blip which was to be expected. Now if I had held on when the shares were at about £8.................. http://www.sharecast.com/cgi-bin/sharecast/story.cgi?story_id=20311970

[spob] 06/6/2012 08:10

dividend pay day on friday 32p

[galles] 08/3/2012 21:13

Strong results, raising dividends, plenty of cash and now this........ Under the terms of the settlement, which all parties have agreed will remain confidential, an amount of USD 7m has been received by the Company which will be accounted for as an exceptional item in the Group's accounts for the current financial year, ended 31 December 2012. Amid the lowest shipping rates on record. This is one company to hold!

[galles] 05/3/2012 18:36

Big jump today in anticipation of the results on the 8th?

[future financier] 14/2/2012 11:12

Time to take profits?

[njb67] 10/2/2012 22:06

Unless I am mistaken this is someone selling, from 13% at end of Jan to 9% today....

[tolstoythecat] 10/2/2012 20:25

And again (and there was an acquisition of 3% also announced today) 2 Reason for the notification (please tick the appropriate box or boxes): An acquisition or disposal of voting rights 3. Full name of person(s) subject to the notification obligation: iii Compagnie Maritime Belge NV ... 7. Threshold(s) that is/are crossed or reached: vi, vii 10%, 9%

[tolstoythecat] 01/2/2012 17:28

Well, someone's taking an interest... 3. Full name of person(s) subject to the notification obligation: iii Compagnie Maritime Belge NV ... 5. Date of the transaction and date on which the threshold is crossed or reached: v 27 January 2012 6. Date on which issuer notified: 31 January 2012 7. Threshold(s) that is/are crossed or reached: vi, vii 13%, 12%, 11%

[future financier] 26/1/2012 09:18

CKN has been going nowhere for the last year and now the BDI has fallen thru the floor this month. What don't I know?

[galles] 11/1/2012 00:17

Unusually high volume yesterday wasn't it?

[rogerbridge] 04/1/2012 20:45

Top up opportunity.

[galles] 04/1/2012 13:50

Due in part to the strengthening of the US dollar in the final months of 2011, Sale and Purchase activity in December and the recent receipt of some long outstanding debts that had been fully provided for, the Group's full year performance will now be ahead of market expectations. Lovely!

[rogerbridge] 08/11/2011 21:27

CKN is a very sound company. One for the SIPP.

[welsheagle] 06/11/2011 17:27

From November's 'Company Refs', when price was 1095p:- a/ Prospective PE ratio of 9.46 (based on three broker forecasts, one recommending 'Buy', one neutral, and one recommending 'Add'). b/ Dividend of 4.69%. 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 1.01. f/ Turnover up from 117m to 203m in last six years

[gorse] 04/11/2011 14:14

"If they return cash to shareholders, that's also not great news." Well, not to you as you are not a shareholder - I am and would regard it as good news.

[amitkoth] 25/8/2011 21:59

Have you considered how many top notch/super-major FTSE 100's and Dow co's are trading under a P/E of 9 atm? If one really had to park money somewhere, there's much safer/larger plays out there imo. This is a bit cyclical and not that predictable. Investors pay for the future, not for what's on the balance sheet, which can quickly get gobbled up by fixed costs or bad acquisitions. Further, even if they have mounds of cash - I can't see where they'd invest to make it work harder. Any ideas? Lots of cash earning very little interest is not a great business. Also - how much sales people are compensated is a bit opaque. If they return cash to shareholders, that's also not great news. It tells me that they have nowhere to get the cash to work and produce higher ROCE. Looks toppy on the big scale. Notice the size of the drop on bad news. All imo of course. Great company nonetheless in its existing businesses, and will keep a watch.

[spob] 24/8/2011 12:07

They could almost buy BMS with their cash at the moment

[spob] 24/8/2011 11:58

Expensive ? 72 million net cash ( no debt ) Market cap 226m True forward pe ratio after stripping out the £72 million net cash, comes in around 7 How frigging cheap do you want ?

[gorse] 24/8/2011 07:18

Expensive? Please ignore super balance sheet.

[amitkoth] 24/8/2011 06:17

Good results today, but the outlooks appears negative, and when compared to so many other companies - this is starting to look expensive.

[rogerbridge] 07/7/2011 15:04

Buying this with a view to higher prices in Autumn.

[dombey] 06/6/2011 09:29

As far as I can see, over the last decade Clarkson has never cut its dividend. It has been able to maintain its operating margins despite an ongoing squeeze in the industry. It is stunningly cash generative... 2010 it generated free cashflow per share of 217p. With the share price at £11.90, it currently holds substantial net cash per share. The global outlook is one of great uncertainty...sure. And shippers like Clarkson will always be discounted whenever the macro uncertainty is high...as it is now. Yet, with so much cash just sitting in the balance sheet, I do wonder how big the downside can be. And, if the macro bears are wrong, and all the QE starts to get some traction, stocks like Clarkson will be major beneficiaries. What am I missing here?

[cosimodo] 27/5/2011 22:24

Has anyone any views on Clarkson Financial opening an office in New York see http://www.hellenicshippingnews.com/index.php?option=com_content&view=article&id=21720:clarkson-plc-says-hires-capital-markets-energy-banking-team&catid=3:international-shipping-news&Itemid=63 and http://www.bloomberg.com/apps/news?pid=conewsstory&tkr=CKN:LN&sid=agvxEIwOmltg and http://www.tradewinds.no/finance/article581205.ece

[welsheagle] 26/5/2011 06:32

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.

[welsheagle] 26/5/2011 06:31

Ex-dividend yesterday, so no panic.