Clarkson Share Discussion Threads

[fuji99] 01/9/2022 11:37

This is a well run company in an excellent sector. However I am afraid no sector or stock will escape market corrections. So I got out as the long term view is completely flawed by geopolitical issues and high inflation. I am mostly in cash for the next 6 - 12 months. Not comfortable with the overall trend as it looks as if the bear market is setting in.

[shallwe] 15/8/2022 14:20

I put this share on my watch list earlier this year and have seen the share price rise nicely. Decided to take the plunge today so look forward to a bright future.

[hiddendepths] 08/8/2022 22:30

Doubled up today. Astonishing that this stock is so far below the radar. I would have thought it would be a favourite with PIs on ADVFN! There are so few ways of investing in the sector, to take advantage of the severe shortage of shipping that seems bound to persist for years to come.

[hiddendepths] 08/8/2022 09:04

Odd reaction to good figures and a very reassuring outlook. I was a little concerned that slowing global economies might have started to sort out some of the shortages but apparently not. I was particularly interested in the low level of new shipbuilding because of the lack of certainty about how ships will be powered going forward.

I suspect the shortages will only get worse unless there's a major global recession.

[waldron] 23/7/2022 10:38

misca2
23 Jul '22 - 07:59 - 536 of 536
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CLARKSON CKN

[brettsh555] 21/7/2022 17:41

Only spotted this on a breakout chart recently and subsequently bought in. Certainly looks as though good growth is to come for the remainder of 2022. Wish I'd found this a month earlier though as it's performed well since then!

[sammu] 13/7/2022 09:18

I think the current price and the downgrades reflect the expectation that things won't look as rosy in a years time, but right now they are making hay while the Sunshines.

[wad collector] 13/7/2022 09:11

Trading Update

Clarkson PLC, the world's leading provider of integrated shipping services, today announces that trading in the first half of the year has been strong and, as a result, the Company is expecting to report unaudited underlying profit before tax for the six months to 30 June 2022 of not less than GBP42million. Performance has been strong across all divisions, with the Broking division, which has a market-leading position in nearly all the key shipping sectors, performing particularly well.

While mindful of macroeconomic conditions, the Board nevertheless remains confident in the outlook for the business and expects results for the year ending 31 December 2022 to be materially ahead of its previous expectations.

The Company will publish its Interim results on Monday 8 August 2022.

[dunmoran] 11/7/2022 16:26

Interesting roundup of how ship owners are dealing with the IMO's impending emission rules

[wad collector] 28/6/2022 22:55

And yet almost no interest here , or maybe we have just invested and forgotten? I only have a small holding here but agree it looks like a solid buy. Tempted.

[fuji99] 30/5/2022 12:47

If they survived during Covid times, prosperity in this sector is on its way from now on. CKN is definitely an excellent long term defensive hold with great dividend returns:

[mount teide] 17/5/2022 20:17

Clarkson (CKN) - World's largest Shipbroker - the Apple and Exxon of their industry.

Sanctioning of Russian oil has put a rocket under already very healthy Oil Tanker rates, propelling the ClarkSea Index to new highs, now double the 10-year average.

Shipping’s tremendous start to 2022 is reaping huge profits across all the main sectors for the first time in many, many years.

The ClarkSea Index created by Clarkson Research in 1990 has always been a wonderful barometer of shipping's fortunes and the health of the global economy. It is the weighted index of oil tanker, dry bulk carrier, containership and LNG carrier earnings.

The Clarksea Index after bottoming with oil and copper in 2016 after a torrid 7/8 year cyclical downturn which saw it bottom over 90% down, recorded its highest annual average in 2021 since the boom peak of 2008.

The charter rate good times rolled into 2022, and have become testosterone fuelled by the impact on global freight and O&G flows of the Russian invasion of Ukraine.

The ClarkSea Index has averaged $38,000 per day in the opening 4 months of the year, a 32% improvement over 2021’s average of $28,700 a day, and is now more than double the 10-year average.

Trends in the container sector have continued in “spectacular vein”, Clarksons reported in its latest report while bulk carriers have registered the strongest start to a year since 2008 at $22,880 a day, up 28% year-on-year.

However, it is in the tanker sector that earnings are seeing the most pronounced turnaround, helping propel the overall index still higher.

In the first half of April average tanker earnings have jumped to around $40,000 a day, in the top 10% of all values since 1990, and are a dramatic improvement compared to an average of around $8,000 a day between mid-2020 and February 2022.

As with the spectacular impact of 2022's average Brent oil price of $110 on the FCF generation of the O&G sector, the impact of the shipping sector's highest freight/charter rates since the peak of the last commodity/shipping cycle in 2008, are yet to be reported in the sector's results giving investors a chance to front run the smart money.

AIMHO/DYOR

Declaration: I have held a major portfolio holding in Clarkson since 2000, and believe the current valuation is a buying opportunity considering the scale of leveraged exposure they have to more than decade high ship charter rates across the 4 main shipping sectors, as the world's leading shipbroker.

Clarkson's ship-broking decision earns a fixed percentage of the ship charter rate - the higher the Clarksea Index and Baltic Dry Index, the more Clarkson's earnings resemble the top end of an exponential curve, since their costs are largely fixed!

[wad collector] 12/3/2022 09:18

Tipped in IC this week following results.

[edmundshaw] 08/12/2021 22:23

Braemar (BMS) has a much less stretched valuation. Historically its management has been thought a bit dubious, but the new team are changing things around, I an hopeful that history is behind it. and right now the price is (for me) inviting. So I hold there now. I used to hold CKN but I find it a bit expensive at the moment...

[km18] 07/12/2021 17:54

Clarkson plc issued a trading update earlier this week. Following continued strong trading in the second half of the year, results for the year ending 31 December 2021 are anticipated to be ahead of current market expectations with underlying profit before tax now expected to be not less than £65m. Performance has been strong across all divisions, with the Financial and Broking divisions performing particularly well. Business performance is undoubtedly impressive, but valuation is stretched. Forward PE ratio at nearly 26 is ranked 13th out of 13 in the Freight & Logistics Services sector, PS ratio is also bottom decile. A share to monitor for the time being....from WealthOracleAM

[montyhedge] 08/11/2021 08:32

Clarkson been cut to neutral by JP Morgan this morning, to me neutral means a sell.

[robcoo] 03/11/2021 16:57

I'm surprised that BMS's interim statement has not been reflected in the CKN share price

[montyhedge] 02/11/2021 15:18

Maetsk shipping containers tremendous figures, bodes well for Clarkson.

[paulisi] 01/11/2021 16:13

Big jump towards the close- anyone know why?

[lefrene] 27/10/2021 11:13

We do read it, don't give up. No idea who rudely keeps red ticking you though.

[montyhedge] 27/10/2021 10:50

See yer chaps, leaving this thread, talking to myself, lol.We had a good run up.

[montyhedge] 26/10/2021 09:20

The year end Santa rally I think will start earlier this year in November.Has fund managers get the year end rally going to make them look good.

[montyhedge] 25/10/2021 16:07

I can see this 5500p thats my target, will it be 19 years of dividend growth next set of figures.

[montyhedge] 18/10/2021 13:16

Sky NewsGlobal shipping disruption could last another 18 months, U.K. boss warns.Surely good news for Clarkson shipping services, I would have thought.