The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Clarkson is in the industrial transportation sector and is currently trading at 1,293.00p per share. In the last year Clarkson's share price has ranged from 1,015.00p to 1,390.00p and brokers are currently rating this stock as 'strong buy'.
Legal Settlement As announced on 8 March 2012, during the period H. Clarkson & Co Limited, a wholly owned subsidiary, reached a full and final settlement of certain legal matters with Mr Nikitin and a number of corporate entities. Under the terms of the settlement, an amount of USD 7m was received which will be accounted for as an exceptional item in the Group's accounts for the current financial year, ended 31 December 2012. Board Changes As announced on 8 March 2012 Martin Stopford retired as an executive director of Clarkson PLC. Also as announced on 10 February 2012 Paul Wogan resigned as a non-executive director of Clarkson PLC in order to dedicate himself to his new executive role at GasLog. The Board is currently undergoing a search process to recruit a replacement for him. Balance Sheet The group remains cash generative. The strength of our balance sheet together with increased net funds provides us with the flexibility to take full advantage of any opportunities which may emerge. Outlook Continued economic uncertainty combined with the demand/supply imbalance across most markets creates a challenging backdrop to 2012. However, our business model has demonstrated itself to be robust in this environment and we continue to benefit from increased trading volumes. Our market leadership, with industry leading research at its core, proven strategy and strong balance sheet position us well for the future.
AGM and Interim Management Statement Clarksons, the world's leading shipping services group, today announces its Interim Management Statement published in accordance with the UK Listing Authority's Disclosure and Transparency Rules, for the period from 1 January 2012 to 10 May 2012 ("the period"). At the Annual General Meeting to be held in London today, Bob Benton, Chairman of Clarksons, will make the following statement: Trading The shipping markets remain very challenging. Freight rates in many sectors have been weak reflecting the continued demand/supply imbalance previously highlighted in our market updates. Low asset values and the lack of available debt are further impacting the market. However, Clarksons' performance during the period is in line with the Board's expectations. Our strategy to provide unrivalled levels of client service globally, across all shipping markets, has meant that we not only continue to optimise our position in each of these markets, but also benefit wherever there is improvement. Broking The Group has again increased market share, with higher transaction volumes going some way to help mitigate the fall in freight rates. The weakening of the US dollar against Sterling since the beginning of the year will, if sustained, impact reported revenues. Spot business remains prevalent as it has since the turmoil of late 2008. Financial Clarkson Capital Markets is currently working to complete a number of active mandates, and the team has been further strengthened by several key hires in the period. Support Our port and agency activities have started the year well. The successful integration of Clarkson Port Services and EnShips, acquired at the end of 2011, has given rise to an increase in both revenue and the number of clients which we service. Research Research is at the heart of all Clarksons' services and we continue to grow the breadth and depth of our offer. Revenue from research activities has increased in the period, as quality and in-depth information become ever more valuable to our clients in challenging markets.
http://www.investegate.co.uk/Article.aspx?id=201205111200071835D
Tempus also thinks shares in shipping services firm Clarkson will struggle to leave port. It is a “proxy” for world trade says the column but that is no particular reason to jump on board: leave.
Legal Settlement Clarksons, the world's leading integrated shipping services group, is today pleased to announce that its subsidiary, H. Clarkson & Co. Limited ("the Company") has now reached a full and final settlement with Mr Nikitin and the corporate entities involved to conclude all outstanding matters between them. 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.
http://www.investegate.co.uk/Article.aspx?id=201203081234029754Y
Andi Case, Chief Executive, commented: "The dedication, commitment and professionalism of every one of the Clarksons' teams has once again been exceptional, matched only by their performance in terms of results achieved. Clarksons continues to gain from increased trading volumes against a backdrop of volatile freight rates in the first few weeks of 2011. I firmly believe our business is now in excellent shape, supported by a strong balance sheet, to take advantage as market conditions evolve and opportunities arise."
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
http://www.investegate.co.uk/Article.aspx?id=201103100700116617C
Clarkson wary over oil rise impact Date: Thursday 10 Mar 2011 LONDON (ShareCast) - Shipping services specialist Clarkson delivered on its bullish December update by lifting full year 2010 profits from £22.5m to £32.4m. Revenue was up 14.7% to £202.6m (2009: £176.7m), reflecting a strong broking division contribution as global shipping markets rebounded. "Recent unforeseeable events have shown the world to be uncertain and have led to increased volatility across markets but particularly in commodities. Rates in shipping and offshore markets have started to reflect this but the full effects will only be seen as the future unfolds," chief executive Andi Case said. The dividend for the year rises to 47p from 43p.
Brokers' Notes Arbuthnot retained its "neutral" recommendation for Clarkson (CKN), the shipping services group, with an increased target price from 1,050p to 1,170p. The broker continues to view the company as relatively lower risk routes to exposure to global economic growth, a shipping market recovery and growth in commodities demand. However, in the absence of a clear catalyst for a re-rating of the sub-sector, Arbuthnot sees Clarkson's shares as being up with events. The shares pushed ahead 26p to 1,166p.
I have bought in recently following directors in. Sound company making profits pays good dividend and when directors part with their own money surely a good sign
Cant believe no-one has posted here before. Can find nothing but good things about this company. I'm considering getting in...Anyone else in here?