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Clarkson - Optimistic outlook

July 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:
  • 852p
Clarkson has announced that the first four months of its financial year started well with trading in line with expectations. This has been achieved in spite of freight rates declining from the record highs achieved late last year. According to its proprietary, ClarkSea Index, freight rates have averaged just under US$30,000 a day, well above last year's average, although it is currently lower at US$24,900. Highlights this year include the sale of one of its carriers in its Logistics business, which generated a profit on disposal of £2.5m, while Clarkson has successfully completed the move to a larger head office in London. Clarkson remains optimistic, citing continued growth ...

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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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