WOW !! What a set of results

CR, thanks for the detailed reply. No probs - to be clear, I only wanted to point out that I thought you'd undersold FSJ, not necessarily that one share was better than the other. Short/medium-term it's likely that CKN has the better upside (I'll be watching those freight rates carefully!).

FSJ is still on for a sizeable re-rating this year IMO, and I think the forward EPS forecasts underscore that. Long-term its huge cash inflows (due to the UK government's fantastically low tax regime for ship owners) should guarantee more growth via further acquisitions.

But as you say, I think we'll both be happy bunnies this year!