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
  40.00 1.56% 2,600.00 2,595.00 2,600.00 2,600.00 2,525.00 2,590.00 37,240 16:28:35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 363.0 0.2 -42.4 - 790

Clarkson Share Discussion Threads

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all auto trades.
Another day another new 5 year high for the Baltic Dry Index which continues to power ahead, surging a further 40 points(1.88%) today to reach 2,170 - extending its incredible winning streak to 23 days in 24. The BDI is up an astonishing 104.3% over the last 24 days, +264.7% from Zero Hedge's 'armageddon call for the industry and global economy' Feb 2019 higher low (CAGR of 635%), and +628% since the H1/2016 shipping market cycle recession low. The good news? The BDI today is still trading at barely 50% of its 10 year inflation adjusted mean and just 18.4% of its inflation unadjusted previous market cycle high. With most of the dry bulk global fleet now operating in the spot market, the extremely strong recent performance of the BDI is now starting to feed through into the valuations/market performance of dry bulk ship owners/operators and shipbrokers, whose valuations traditionally lag strong upward movement of the BDI by 3-6 months. hTTps://
mount teide
Another day another new 5 year high for the Global Shipping Industry Index that measures the demand/cost of moving commodities around the world - over 90% of all dry commodities see the inside of a bulk carrier's cargo holds at some point between the producer and buyer/consumer. The Baltic Dry Index continues to light up the afterburners by surging a further 53 points(2.63%) today(following yesterday's 4.3% rise), to reach 2,064 - extending its incredible winning streak to 21 days in 22. The BDI is up 94.3% over the last 22 days, +246.8% from the Feb 2019 higher low (CAGR of 592%), and +591% since the H1/2016 shipping market cycle recession low. Wonder what the Shipping Market 'Guru's at Zero Hedge make of it all? The BDI has moved up 246.8% since ZH published an armageddon call for the shipping industry and global economy in mid Feb - ZH's call completely ignored the fact as i posted at the time that: * There were easily researched seasonal(Chinese New Year shutdown) and short term one-off factors (extreme weather events hitting Australian export Ports and causing the Dam Collapse at one of Vale's largest Brazilian Iron Ore mines) behind the sharp drop in the BDI in early Q1/2019 which had nothing whatsoever to do with the health of the global economy. * the global economy has expanded by an average of circa 2%-3% a year for over 40 years with just one slightly negative year, * the long term highly cyclical shipping industry only bottomed in 2016 after a brutal 8 year 98% peak to trough downturn/recession, recklessly created as a result of a greed driven industry generating a massive shipping overcapacity issue during the last market cycle recovery/boom phase (2000-2008) - which at its spot market peak saw the annual cash flow generated by a Capemax dry bulk carrier virtually equal the build cost of a new vessel with a 25 year commercial life. Factors that are collectively influencing the current strong upward movement of the BDI include: * Supply, demand, and prices of bulk dry commodities. * Supply and capacity of global dry bulk fleet * Health of the world's economy and overall market sentiment. * Crude oil prices and the resulting cost of bunker fuel. * Preparation for the implementation of the IMO 2020 Shipping Fuel Regs * Seasonality in the transport of commodities. * Port congestion * Geopolitical events, labour issues, weather, and accidents in exporting and importing countries.
mount teide
!FOLLOWFEED Clarkson Plc is the world's leading provider of integrated services and investment banking capabilities to the shipping and offshore markets, facilitating global trade. Founded in 1852, Clarkson offers its diverse and growing client base an unrivalled range of shipbroking services, sector research, on-hand logistical support and full investment banking capabilities in all the key shipping and offshore sectors. Clarkson has delivered 17 years of consecutive dividend growth. The highly cash generative nature of the business, supported by a strong balance sheet, enables the company to continue to invest to position the business to capitalise on the upturn stage in its long term highly cyclical markets, which collectively bottomed in H1/2016 following a brutal 8 year downturn/recession stage that saw the BDI drop an astonishing 98% peak to trough. Annual Report: hTTps:// 2018 Preliminary Results: Website: hTTps:// Twitter: hTTps:// Baltic Dry Index: Freightos Baltic Index (FBX): Global Container Freight Index: hTTps:// Baltic Dirty Tanker (BAID) hTTps://
mount teide
Faltering global economy? Not according to the Baltic Dry Index which measures the cost of shipping raw commodities around the world(90% of all commodities and finished goods at sometime see the inside of a ship's cargo hold) The Baltic Dry Index - set a new 5 year high today following a further 18 point (1.02%) increase to 1,777. The BDI is up 67.9% over the last 17 days, 199.2% (CAGR of 478%) from the Feb 2019 higher low and 496% since the H1/2016 shipping market cycle recession low. Incredibly, barely 5 months after Zero Hedge's armageddon call for the global shipping industry and the financial institutions that fund it - the primary index that reports global ship charter/cargo freight rates on a daily basis has two bagged! How wrong can you be? The good news? Such was the record breaking 98% peak to trough decline in the BDI during the last shipping/commodity market cycle - the recent very strong run up of the BDI has reached a position where its still only 15.1% of the previous inflation unadjusted shipping market cycle high set in 2008 of 11,800 points; when 350 metre long Capemax Bulk Carriers earned $240,000 a day in the spot market with circa $12,000 a day operating expenses.
mount teide
Baltic Dry Index - set a new 5 year high today following a further 18 point (1.02%) increase to 1,777. BDI is up 67.9% over the last 17 days, 199.2% (CAGR of 478%) from the Feb 2019 higher low and 496% since the H1/2016 shipping market cycle low. Incredible, that barely 5 months after Zero Hedge's armageddon call for the global shipping industry and the financial institutions that fund it - the primary index that reports global ship charter/cargo freight rates on a daily basis has two bagged! How wrong can you be?
mount teide
Baltic Dry Index surged another 2.89% today to 1,317 to set another new high for 2019. It is now up 121.3% since the Feb higher low when Zero Hedge published an armageddon call for the global shipping industry and banks that finance it.
mount teide
Decent transaction volume this morning - 550K / £13.5 million BDI up 91% from the Feb higher low.
mount teide
Thought so.
Maritime Freight Transport forecast to grow at a CAGR of 3.6% through to 2050 OECD - FREIGHT DEMAND WILL TRIPLE BY 2050 – NEW REPORT / Lloyd's List According to a major new OECD report global freight demand is set to surge in the coming decades. The report considers a range of transport demand scenarios through to 2050 and concludes global freight demand will triple between 2015 and 2050, based on current demand growth rates. “The projected compound annual growth rate of freight through 2030 is 3.1%,” said the report. “Freight demand will grow faster over the longer term, at 3.4% through 2050.” However, it said projected demand could shift as a result of increased protectionism but also due to improvements in freight transport capacity in countries or regions with significant growth potential. “In Asia, for instance, capacity will need to increase substantially to accommodate future freight transport demand,”. Based on mid-range scenarios for freight demand, the authors said that the current demand pathway will see maritime freight transport grow at a compound annual growth rate of 3.6% through 2050, a near tripling of maritime trade volumes compared to now. “The economic value of freight flows in the North Pacific and Indian Oceans will increase nearly four-fold between 2015 and 2050,” it noted. “Approximately one third of all maritime freight movements in 2050 will take place in these two regions. “The North Atlantic Ocean will remain the third-busiest maritime corridor, with 15% of maritime freight movements in 2050, equalling 38 trillion tonne-kilometres.221; The relocation of factories inland in China in a bid to cut production costs could hurt demand for maritime shipping to Europe, however. “This may impact mode choice for Eurasian freight flows if these relocations significantly increase the time and cost of maritime shipments relative to inland modes,” it added. More than three-quarters of all freight will continue to be carried by ships in 2050, with the remaining goods transported by road (17%) and rail (7%). “Surface freight flows in China and India taken together made up 37% of total surface freight flows in 2015,” said the report. “By 2050, Asia, including China and India, will be responsible for over 54% of global surface freight demand.'
mount teide
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sb888 - its just a test thread - i was trying to learn how to set up a new thread and selected CKN to do this. I had hoped to be able to delete it after i'd finished - but have been unable to work out how to do that. Any suggestions would be welcome. NTV - i get my vessel charter rate data from contacts at CKN and have an account with Lloyds List.
mount teide
hi MT where do you get the imfo about current tanker rates I found BDI ok tia NTV
Your posts are top class, but why start another thread?
mount teide
Mount T thank you for a great post. Shame some threads on other share/posts are not as good as yours. Some seem to get quite emotional and arguments ensue. Knowledgeable, logical and transparent in sharing this learnt knowledge. This is what forums should be about. Thank you!
Like every shipping/port sector manager in the industry from the 1970's i have the scars of three long term, shipping and commodity boom/bust cycles on my back. Clarkson are the world's largest shipbroker - they are the Shell or Apple of their respective sectors. No other quoted broker has come close to replicating Clarksons share price performance since the start of the 2000-2008 recovery stage of the last shipping/commodity cycle to the early years of the recovery stage of this new business cycle - £0.90 to £28.00 plus 18 years of dividends. AIMHO/DYOR
mount teide
I like mount Teide. Seems to know what he is on about
Mount Teide Thanks for a very interesting post. I note your share price prediction for Clarkson. You obviously have detailed knowledge of this sector and I would like to know if you have worked or do work in this industry. Do you consider Clarkson the best of the bunch quoted in London ?
As expected, with the Baltic Dry Index rising close to 50% since Q1/2018, the world's largest shipbroker Clarkson's has experienced a stronger Q2/2018 across most of its main shipbroking and sale&purchase markets. The oil tanker market although still the exception is now seeing green shoots, moving up strongly off multi year lows; vessel charter rates have increased by over 100% since the start of Q3/2018 which should bode well for H2/2018 and 2019. Likewise the oil services sector, also recently made a bottom and entered a new cyclical recovery phase following a brutal 5 year recession which brought the industry to its knees. Clarkson's highly expensive takeover of Platou some 3 years ago - a specialist oil tanker and oil services sector shipbroker - could not have been more badly judged/timed but, following an awful post acquisition period should now start to generate better news and results going forward. Oil tanker rates dropped over 10 fold peak to trough following Clarkson's takeover of Platou and the oil services sector completely collapsed, with large sections of many major fleets put in to long term lay-up. With many sectors of the shipping markets forecast to be at/close to a demand/supply balance for the first time in a nearly a decade in 2019, I'm maintaining my earlier target of a £100 Clarkson share price by 2023/25 as the shipping markets continue to strengthen into this new shipping /commodity cycle recovery stage, which like all previous recovery stages will come with the high stomach churning volatility these markets are renown for. The shipping and commodity markets may not be for the fainthearted, widows or orphans perhaps - but for those with the constitution to withstand the volatility, with careful stock selection the once in every 15-20 year recovery/boom stage of these long term, highly cyclical markets offer investors the opportunity of tremendous multi year outperformance compared to the wider market indexes.
mount teide
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