The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Good sets of results for Braemar and AP Moller Maersk this week, hopefully this is reflected here soon.
Maersk
https://www.ship-technology.com/news/maersk-records-revenue/
Thank you for the link, it could be and I hope it doesn’t have a long term effect. I was wondering why the sudden big drop but couldn’t find anything earlier.
Could this be a reason for the share price fall today
https://www.theguardian.com/business/2021/nov/05/suez-canal-to-raise-transit-tolls-as-cargo-trade-bounces-back
Ggt a profit is a profit to me and as long as you’re happy with it that’s good. I’m still holding after waiting patiently for over 3 years and will not it go whilst there’s strong tailwind for industry atm.
Yes I'll be keeping an eye on the next update but I decided to sell today when it hit £40. No shame in taking a good profit and I'll be tempted to buy back in if it drops to 3800.
Well this week it held above the recent Low at 3760 on 20/10/2021, now if it closes above 3950 there’s good chance to resume the upward momentum to 4010 made on 07/09/2021. So let’s see what the follow-ups hold.
It looks like this stock wants to go down again, would it be below the recent Low 3700 made on 04/10/2021. Let’s see what the follow-ups hold.
This explains the sudden drop last week from 3890 on 01/10/2021 to 3700 04/10/2021
Container Shipping Rates Drift Lower After a Record-Setting Climb
https://www.bloomberg.com/news/newsletters/2021-10-11/supply-chain-latest-container-shipping-rates-are-drifting-lower
Don’t worry Optimist you’ll get your Down days because nothing shoots straight up :-) What i’m really interested is whether it breaches £40 mark before it has a Natural Reaction or takes a break and reverses below it to take a breath before it goes over it
This constant share price increase is getting boring!
You were right, It looks like the industry is experiencing some tailwinds at the moment.
https://www.wsj.com/articles/post-covid-19-shipping-tailwinds-will-still-be-strong-11614334010
I think this this is climbing again on the Braemar trading update today
Does the stock still have a pent-up energy to push upwards or is it too tired to reverse now, only time will tell
Wow it took 3.5 yrs to reach again the High 3450 closing price made on 15/03/2018 and then retracing to the Low 1878 made on 27/12/2018, talk about patience.
sp still too high for me
Ido hope so as sold my stock a little while ago, and wanting to reinvest, not at current price though!
Clarkson�s results are as expected, with sales slightly higher than expected, but profits lower. (Please ignore the adjusted profits because acquisition costs are part of doing business, not a one-off expense!) The real question is: �Are the shares expensive at current valuation?� As a value investor, yes, it is. Should you be selling the shares? Yes, but on a short-term basis. So, why the shares expensive? When it was a growth company in the late 90s and in early 2000s, earnings were growing at double digit (around 10%-12%) when PE multiple is around 10 times. After 2010, earnings growth slowed to 4%, and PE is trading at 30 times and forward-PE of 27 times in 2018! Therefore, a CORRECTION of 30%-35% is reasonable which will take the shares to �22 per share or PE of 20 times. For more reasons, why Clarkson will see its shares fall http://bit.ly/2FMPYPJ
Good set of results and an 8% share rise, nearly two quid per share. Been in here fo a while.
had enough OF THIS BAG OF SHIET tTEating testing 123 Just sold my last 150 at 20.0925
The firm's ship broking operation has been hard hit by the continued cyclical downturn in the shipping industry, with freight rates falling and downward pressure on asset prices across a number of sectors. Tightness in the debt market, especially for second hand tonnage, has further reduced the volume of sales and the value of the vessels hitting its revenues.
Ship broker Clarkson said that since its interim management statement at the start of November, when it issued a profit warning, trading had continued in line with expectations. The two line update gave no other detail than full year results to the end of December are due on 7th March. Last November's profit warning was blamed on global economic uncertainty reflected in reduced freight rates and lower asset prices. At the time the company said short-term outlook for rates and values was uncertain, with demand/supply imbalance a brake on recovery and continued weakness in capital markets. Lower than anticipated activity in the second half, particularly in broking and financial, had resulted in a reduction in the board's expectations for the full year results, it added.
Clarkson: JP Morgan reduces target price from 1450p to 1400p and reiterates an overweight rating.
Broker comment Gert Zonneveld, analyst at house broker Panmure Gordon, retained his 'hold' recommendation with a price target of 1500p. He commented: "Trading activity in the second half of the year to date has been weaker than expected, particularly in broking and financial, which has resulted in a reduction in the board's expectations for the full year results. "We have reduced our earnings forecasts to reflect the difficult market conditions in the shipping markets. Even though we remain bullish on the longer term prospects for Clarksons, we recognise the short term challenges. We expect the company to maintain its progressive dividend policy." Zonneveld has cut his adjusted earnings per share (EPS) estimate to 76.46p from 90.3p for 2012, with a reduction in 2013 to 92.27p from 112.4p. However, he expects the company to maintain its progressive dividend policy.
Ship broker Clarkson fell on Wednesday morning following a profits warning, which it blamed on global economic uncertainty reflected in reduced freight rates and lower asset prices. In a trading update, the company commented: "The short-term outlook for rates and values is uncertain, with demand/supply imbalance a brake on recovery and continued weakness in capital markets. Lower than anticipated activity in the second half, particularly in broking and financial, has resulted in a reduction in the board's expectations for the full year results. Nevertheless Clarksons remains well placed to cope with current conditions and gain from recovery when it arrives". Its ship broking operation has been hard hit by the continued cyclical downturn in the shipping industry, with freight rates falling and downward pressure on asset prices across a number of sectors. Tightness in the debt market, especially for second hand tonnage, has further reduced the volume of sales and the value of the vessels hitting its revenues. As if this weren't enough, the weakening of the dollar against sterling has put further pressure on reported revenues. All this has only been partially mitigated by increased transaction volumes through its general broking operations. Its boutique investment banking operation for the shipping industry, Clarkson Capital Markets has suffered from very low levels of transactions, and the downsizing of its Dubai operations are well advanced. One silver cloud is the strength of its research division that has delivered sound growth, while its port and agency services are trading in line.
difficult sector/tough times + profits warning..DYOR