Clarkson Share Discussion Threads

[mount teide] 21/11/2015 17:07

Market timing? - current shipping industry fundamentals and Clarkson's Clarksea Index may offer shipping investors some clues as to where the industry is in the current market cycle. hTTps://sin.clarksons.net/features/details/37541 The Clarksea Index is a measure of the four main shipping sectors: dry bulk, oil tankers, gas tankers and containers - and is perhaps a more reliable guide as to the overall health of the industry than the more narrow dry bulk index, the worst performing sector currently by some margin.

[mount teide] 20/11/2015 01:54

Lloyd's List - today BDI hits all time low of 504 from a peak of 11,800 in 2008. Bloomberg Commodity Index hit a 16 year low of 81.74. Over the past few years dry sector shipping stocks have been mercilessly hammered - most are now engaged in large-scale dilution to raise cash to keep the businesses afloat. “It’s a bloodbath,” said a Greek owner of 18 dry bulk ships. “I’ve been in the business for 25 years and never seen it so bad.” November is a key part in the dry shipping season, is it usually one of the busiest parts of the year due to the upcoming holidays. Not only does this data bode terribly for the dry shipping market, but is probably a strong adverse indicator of where the global economy may stand at this point.

[mount teide] 17/11/2015 02:35

Maersk, the container shipping giant has just reported a shocking set of results. Q3 Profits crashed 61pc to $264m and revenue dropped 15pc to $6bn. Battening down the hatches in anticipation of a prolonged period of low rates they announced plans to axe 4,000 of their 23,000 shore-based staff. The dry bulk market is actually doing even worse, with the BDI crashing more than 60% in the last three months to a near 30 year low. Brokers working on commission will be doing the same amount of work to receive barely 40% of what they got in August 2015, and only 4% of what they got at the 2008 BDI peak.

[mount teide] 04/11/2015 14:34

The full impact of the collapse of the new-build dry bulk order book and the rapidly deteriorating situation in the offshore sector is probably yet to be felt. It would be prudent to assume PBT of £50m at best for 2015 and sharply lower estimates for next year. If Clarksons had waited 12 months they could have picked up Platou's now highly stressed business for considerably less than the US$441m they paid earlier this year.

[elcapital] 04/11/2015 09:29

Sub fifteen quid looks very aggressive. Market doesnt seem to think that is probably given todays movements so far

[hawks11] 04/11/2015 09:26

I missed that news yesterday. I registered with Clarkson for updates and they told me when they went hiking and played football but not their trading release yesterday, possibly I cautioned my subscription? I took some profit a while ago but still have a few.

[suetballs] 04/11/2015 07:16

As a fairly new investor all a bit disappointing - a sub £15 share price would not please me. Suet

[tsmith2] 03/11/2015 16:40

Way too high a rating...given backdrop

[rivaldo] 03/11/2015 13:57

A hefty one too - PBT now forecast at only £50m, against Panmure's forecast of £61.6m. Warning of doldrums for FSJ and BMS too? All three stocks will stay on my watchlist without buying for a while methinks.

[modform] 03/11/2015 13:54

Phew, glad I sold last week, profit warning

[modform] 23/10/2015 15:39

Over £25 now

[hawks11] 22/10/2015 16:13

74 pence on the day is better than good, bid price of 2420p. The P/E is 14.83 and PEG of 1.13. The way it is going £28 may well be on the cards by Christmas?

[modform] 22/10/2015 14:24

Over 24 quid now

[modform] 21/10/2015 09:58

Almost 23 quid now...lovely and quiet thread

[modform] 02/10/2015 17:35

Another 3%, Shhhhhh

[modform] 01/10/2015 16:37

Lovely, nice and quiet here, long it may continue. Almost up 9%, and no-one notices

[hawks11] 10/9/2015 15:17

Ex divi today.

[hawks11] 27/8/2015 08:07

Well it was a dip CR.

[mike740] 25/8/2015 08:50

Buy a dip......WHAT knowing this...............blatant ramping yet again. Global Trade In Freefall: Container Freight Rates From Asia To Europe Crash 60% In Three Weeks Submitted by Tyler Durden on 08/23/2015 22:42 -0400

[cockneyrebel] 25/8/2015 08:22

What a dip for buyers to grab - 20%+ off the high. All imo CR

[cellars] 24/8/2015 17:13

Mount Teide, Also my thanks for your #1790. What do you make of the Platou acquisition? I am worried that earnings visibility there is poor and will add significantly to the volatility of group earnings. Also, is Platou serving an over-supplied market in view of your comments at #1790?

[elcapital] 23/8/2015 20:45

not good news www.zerohedge.com/news/2015-08-23/global-trade-freefall-container-freight-rates-asia-europe-crash-60-three-weeks

[lauders] 22/8/2015 01:04

That level would interest me too Mount Teide! Been some sell-off here over recent days but watching closely and your post above is very informative/helpful. Thanks for posting your view-point.