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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Clarksons - Evolution raises price target to £14

April 2005

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • CKN
  • Price:
  • 948p
Our main recommendation in February to buy shares in international shipbroker, Clarksons, "on a two day close above 725p" went live almost immediately and the shares have subsequently spiked to a new high of 985p on news that its final results beat analysts expectations. For the year ended 31 December, pretax profit rose 67% to £20.2m on turnover, which is derived primarily in US$, rising 49% to £87.4m. This gave a 72% increase in earnings to 83.8p, which beat Evolution Securities' forecast of 74p but would have been even higher but for the weakness in the US$ against £Sterling, which fell from an average of US$1.65 in 2003 to US$ 1.84. Our main write-up two editions ago gave a full ...

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Related Articles

Clarkson - Shares under pressure from falling freight rates (November 2005)
Clarkson - Optimistic outlook (July 2005)
Clarkson - Shipbroker sees earnings explode (February 2005)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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