Audio Note: Braemar and Clarkson - Tariffs, Shipping and the Shipbroke...

Robin, Head of Industrials Research, discusses complexity and confusion in global trade as tariffs are applied, the outlook for sector earnings and his stock picks among the London-listed shipbrokers.

Clarkson (CKN LN) - Weathering the storm - BUY

We maintain our BUY rating and 4,500p target price; c.20% potential upside to the current share price. Maritime markets are likely to be choppy in the near term with slowing demand and trade dislocation, but chronic capacity shortages underpin strong medium-term market dynamics. Prompted by Clarkson’s cautious outlook statement earlier this week we now assume a small decline in revenue and profit this year with growth resuming in 2026E. Our PBT is unchanged in 2026E. The main cut is applied to t...

Clarkson: 1 director

A director at Clarkson bought 601 shares at 3,650p and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Cl...

Clarkson (CKN LN) - Initiation: resilience through-the-cycle

We initiate coverage with a BUY rating and a target price of 4,500p. Clarkson has been transformed in recent years to become the global leader in providing broking, finance, research and technical services to the global maritime and offshore industries. Depth and breadth have helped to accelerate earnings growth and bring stability; cash conversion is strong, supporting a progressive dividend. The macro backdrop for shipbrokers remains largely positive, with elevated tonne-miles and vessel value...

LIBERUM: Morning Comment

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LIBERUM: UK Small & Mid Cap Dispatches

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LIBERUM: Best of the Week

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LIBERUM: Morning Comment: Leisure - Quality Test, SAS Sentiment & Scre...

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LIBERUM: UK Small & Mid Cap Dispatches: Leisure - Quality Test, SAS Se...

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LIBERUM: Clarkson* - Record FY results, demand/supply balance remains ...

Record results came in 3% ahead of our forecasts at the PBT level. The 20th consecutive annual dividend increase was also higher than forecast. Shipping market conditions were supportive, but the strength of the results also reflects the group’s market leadership and strategic positioning. The medium-term demand/supply outlook remains supportive, underpinned by shipbuilding constraints and decarbonisation initiatives. We make minimal changes to our estimates. We raise our DCF-based TP to 5000p f...

Due to a more favourable environment, CLARKSON PLC. slightly increases...

CLARKSON PLC. (GB), a company active in the Marine Transportation industry, slightly increases its general evaluation. The independent financial analyst theScreener just confirmed the stock market behaviour of the title as moderately risky. At the fundamental level, theScreener confirms the rating of 1 out of 4 stars; given the more favourable environment, the title's overall rating is upgraded to Neutral even if it remains under pressure. As of the analysis date February 1, 2022, the closing pr...

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...

Institutional Comment: Daily comment

QuickView: Proposed major acquisition

The planned £281.2m acquisition of Platou by Clarkson follows two mergers already this year in the shipbroking sector. This reinforces the view that the benefits of size and breadth of coverage in shipping services will become more evident over the medium term. Clarkson’s global market leadership position will be enhanced by this deal, suggesting it will be a prime beneficiary from any further market uncertainty.