Here Is The Shipping Forecast;: Clarkson (CKN) 787p

And to you CR.

Your post 782 summed things up nicely. The broker price target was £13 from memory, and if the BDI carries on rising as it has, increased freight rates plus the new diversification of CKN via its acquisitions might just provoke the re-rating to attain that level and maybe more.

I wonder if the market has cottoned on to CKN's having made 4 acquisitions for £28m, plus taking on a new Sale & Purchase team, in the last 15 months?

Results for 2006 should be in line at the worst given the steep BDI rise, and if the new acquisitions have performed they could be a lot better than that - certainly justifying the director buying just prior to the year end.