Clarkson (CKN)

Sector:

Commercial Transport

Index:

FTSE 250

4,370.00p
   
  • Change Today:
    -15.00p
  • 52 Week High: 4,495.00p
  • 52 Week Low: 2,550.00p
  • Currency: UK Pounds
  • Shares Issued: 30.76m
  • Volume: 18,555
  • Market Cap: £1,344.14m
  • RiskGrade: 171

Clarksons still upbeat despite tough conditions for investment banking

By Benjamin Chiou

Date: Thursday 09 May 2024

LONDON (ShareCast) - (Sharecast News) - Clarksons, which provides services and investment banking to the shipping industry and offshore markets, has said it made a positive start to the year and that full-year expectations remain unchanged despite "challenging" conditions in the financial division.
At the company's annual general meeting on Thursday, chair Laurence Hollingworth said the broking division "continues to perform strongly", with spot business transacted so far this year in line with the same period in 2023.

"The invoicing profile of the forward order book, together with the increase in voyage duration arising from lower volumes through the Suez Canal due to tensions in the Middle East, mean that profits from this division will once again be second half weighted," he said.

Meanwhile, the Research and Support divisions are both performing well, though the Financial division is "currently experiencing more challenging capital markets within our investment banking activities, and a tighter real estate market affecting our project finance business".

Nevertheless, Hollingworth said: "The board's expectations for the year remain unchanged and the outlook for Clarksons continues to be positive."

The stock was down 1.1% at 3,975p by 1227 BST.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Clarkson Market Data

Currency UK Pounds
Share Price 4,370.00p
Change Today -15.00p
% Change -0.34 %
52 Week High 4,495.00p
52 Week Low 2,550.00p
Volume 18,555
Shares Issued 30.76m
Market Cap £1,344.14m
RiskGrade 171

Clarkson Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
85.83% below the market average85.83% below the market average85.83% below the market average85.83% below the market average85.83% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Price Trend
85.60% above the market average85.60% above the market average85.60% above the market average85.60% above the market average85.60% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
34.94% below the market average34.94% below the market average34.94% below the market average34.94% below the market average34.94% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average
Growth
43.94% above the market average43.94% above the market average43.94% above the market average43.94% above the market average43.94% above the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average

What The Brokers Say

Strong Buy 4
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 5
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Clarkson Dividends

  Latest Previous
  Final Interim
Ex-Div 09-May-24 31-Aug-23
Paid 24-May-24 15-Sep-23
Amount 72.00p 30.00p

Trades for 12-Jul-2024

Time Volume / Share Price
16:36 29 @ 4,370.00p
16:35 9,404 @ 4,370.00p
16:35 67 @ 4,370.00p
16:35 67 @ 4,370.00p
16:35 68 @ 4,370.00p

Clarkson Key Personnel

CEO Andi Case

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