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Andi Case brings two-bagger value to Clarkson 17 June 2018

NEWS BITES - PEOPLE IN BUSINESS

Andi Case was appointed CEO of Clarkson (L:CKN) ten years ago on June 17, 2008. The present value of GBP1,000 (PV1000) invested on the appointment date is GBP2,077, for a capital gain of GBP815 and dividend reinvested of GBP262.

SECTION 1 BIOGRAPHY ANDI CASE, CEO

Andi Case was appointed to the board as chief executive on 17 June 2008, having previously been Clarksons' chief operating officer.

Andi joined Clarksons in 2006 as managing director of the group's shipbroking arm, H Clarkson & Company Limited. He began his shipbroking career with C W Kellock and later Eggar Forrester.

Prior to joining Clarksons he was with Braemar Seascope for 17 years, latterly as head of sale and purchase and newbuildings.

SECTION 2 CLARKSON PLC PRICE PERFORMANCE SCORECARD (United Kingdom:CKN):

2.1 Clarkson PLC is placed 826/1,418 in the BSS News Bites ranking of price performance of the United Kingdom stocks in the past year, a percentile ranking of 42.

2.2 Year-to-date

Clarkson tumbles 9% in 2018, but outperforming Industrial Transportation sector

Clarkson PLC (L:CKN), tumbled GBX258.52 (or 9.2%) year-to-date (YTD) in 2018 to close at GBX2,560.0 today. Compared with the FTSE 100 Index which has risen 0.1% YTD, this is a relative price change of -9.3%. Revenue fell 11.5% year-on-year. EPS showed a solid expansion of 5.5% quarter-on-quarter.

2.3 MCap History:

In the past 5 years Market Capitalization has increased by GBP469.6 million from GBP304.3 million to GBP773.9 million. Based on a dynamic start date of 5 years ago, there has been only 1 decline in MCap over the last 5 years.

PriceMCap (GBP M)MCap (US$ M)
LastGBX2,560.0773.91,025.3
1 Year agoGBX2,546.66791.7-
2 Years agoGBX2,123.86674.6959.8
3 Years agoGBX2,377.52776.11,203
4 Years agoGBX2,096.84442.2747.3
5 Years agoGBX1,410.25304.3477.8

2.4 Moving Annual Return (Trailing 12 months):

Based on a dynamic start date of 5 years ago, the Moving Annual Return has been positive in 4 of the last 5 years. An investment in CKN a year ago would have produced a return of 1.1%

CKNCloseDividendsCapital Gain / (Loss) %% YieldAnnual Return %
Last Traded Jun 15GBX2,560.0GBX73.00.52.81.1
1 Year agoGBX2,605.01GBX65.029.33.232.5
2 Years agoGBX2,014.82GBX62.0(14.6)2.6-12
3 Years agoGBX2,359.99GBX60.012.52.915.4
4 Years agoGBX2,096.84GBX56.048.7452.7

Close 5 years ago GBX1,410.25.

2.5 Present Value of GBP1000 invested in the past

The present value of GBX1000 invested a year ago is GBX1,034

PV10001-week1-month1-year
CKN.L1,0221,0651,034
FTSE 100 Index9949891,029

2.6 Trailing Price Change %

1-Year price change for Clarkson was 0.5%. Compared with the FTSE 100 Index which rose 2.1% in the year, the relative price change was -1.6%.

Price Change %1-Month3-Month1-Year
CKN4.5-24.30.5
Industrial transportation sector-48.9-49.5-36.6
FTSE 100 Index-1.16.92.1

SECTION 3 CLARKSON PLC FINANCIALS AND GROWTH PERFORMANCE SCORECARD (United Kingdom:CKN):

3.1 Key Financials (All figures percent)

Return on Equity deteriorated from 10.3% in 2014 to 8.9% in 2017, EPS Growth deteriorated from 11.4% in 2014 to -12.8% in 2017 and Revenue Growth deteriorated from 20.2% in 2014 to -6.5% in 2017.

CKNRevenue GrowthEPS GrowthOperating MarginROE
2017-6.5-12.8158.9
20164.175.515.89.9
201528.5-23.911.47.4
201420.211.410.610.3

3.2 Growth

5-years average annualized earnings growth rate of 4.4%

+ Revenue growth rate has shown signs of deterioration in recent years. [Year ended, all figures in %]

YearRevenue GrowthEPS GrowthEBITDA Growth
Dec 17-6.5-12.8-5
Dec 164.175.540.7
Dec 1528.5-23.922

3.4 Performance (All figures in %)

Net Profit Margin 10-year average is 9.2% and Return on Equity 10-year average is 12.6%.

DescriptionAnnual10-year Avg
EBITDA Margin15.015.3
Operating Profit Margin15.013.6
Net Profit Margin11.29.2
Return on Equity8.912.6
Return on Assets5.96.5
Return on Capital Employed10.316.0

3.5 High Performance Indicators:

DescriptionValueRank In United Kingdom Market
Turnover in QuarterGBP107.9 million (US$142.9 million)In Top Quartile
Interest Cover76.7In Top Quartile

SECTION 4 CLARKSON PLC GLOBAL RANK (United Kingdom:CKN):

4.1 Global Rank

Global Rank [out of 47,577 stocks]

DescriptionValueRankQuartile
MCap (US$)1B8,314Top
Total Assets (US$)775.5M11,357Top
Revenue (US$)394M11,179Top
Net Profit (US$)41.6M8,802Top
Return on Equity %8.915,361Second
Net Profit Margin %11.210,571Top
Price to Book6.030,560Third
Price Earnings24.612,881Second
Yield %2.99,864Top
Rel Strength 6 Mo (US$)1540,477Bottom

Jun 15, 2018: GBP 1 equals USD 1.3249

SECTION 5 OTHER DIRECTORS OF CLARKSON PLC

Andi Case, Chief Executive Officer

James Hughes-Hallett, Chairman & Non-Executive Director

Jeff Woyda, Chief Financial Officer & Chief Operating Officer

Tim Miller, Non-Executive Director

Peter Backhouse, Non-Executive Director

Marie-Louise Clayton, Non-Executive Director

Rachel Spencer, Company Secretary

Nicholas Bucksey, Company Secretary

SECTION 6 CLARKSON PLC ACTIVITIES

Clarkson PLC, an investment holding company, provides integrated shipping services. The companys Broking segment engages in deep sea chartering of crude oil and refined crude oil products, including naphtha, jet fuel, gasoline, gasoil, and fuel oil; transportation of dry bulk cargo, which include iron ore, coal, grains, steel, cement, forest products, agricultural products, non-ferrous minerals, and metals; chartering of vessels for the shipment of petrochemical gases, ammonia, and LPG; and shortsea and coastal broking of commodities, including steel, coal, animal feed, fertiliser, sugar, grain, scrap, and project cargoes liquids. It also involves in chartering of specialized products, such as petrochemical liquids, clean and dirty oil products, lubricants, vegetable oil products, and molasses. In addition, this segment involves in advising clients on various aspects of the LNG market, including charters, vessel sales, finance, newbuilding, ship management, gas sale, and purchase agreements; and sale and purchase, newbuilding contracts, and financing of various container vessels, and vessels primarily used in the development and production of offshore oil and gas fields. Clarksons Financial segment offers futures broking services, such as arranging principal-to-principal cash settled contracts for differences based on standardized freight contracts; and advice to clients on the financial aspects of a range of shipping related transactions, as well as involves in fund management. The companys Support segment offers port and agency services, logistics, ship repairing, property leasing, and associated services. Clarksons Research segment provides shipping related information and publications. It has operations in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. The company was founded in 1852 and is headquartered in London, the United Kingdom.

SECTION 7 RECENT NEWS ON DIRECTORS

7.1 CHANGES IN BOARD OF DIRECTORS

22 May 2018

Clarkson appoints Tim Miller as director

Clarkson has appointed Tim Miller as Non-Executive Director. The appointment takes effect from May 22, 2018.

10 April 2018

Clarkson appoints Rachel Spencer as company secretary

Clarkson has appointed Rachel Spencer as Company Secretary. The appointment takes effect from Apr 10, 2018.

22 December 2017

Penny Watson - Clarkson company secretary resigns

Penny Watson has resigned from Clarkson as Company Secretary. The resignation takes effect from Dec 21, 2017.

7.2 SHAREHOLDER VALUE ADDED BY DIRECTORS

12 June 2018

Jeff Woyda starts fourth year as Clarkson COO

Jeff Woyda was appointed COO of Clarkson (L:CKN) three years ago on June 12, 2015. The shares were up from GBX2,377.5 to GBX2,535.0 and the total annualized return to shareholders (TRS) since appointment is 5%. The present value of GBP1,000 (PV1000) invested on the appointment date is now worth GBP1,158, a gain of GBP66 and dividend reinvested of GBP92.

01 January 2018

James Hughes-Hallett starts fourth year as Clarkson Chairman

James Hughes-Hallett was appointed Chairman of Clarkson (L:CKN) three years ago on January 01, 2015. The shares were up from GBX1,756.2 to GBX2,816.0 and the total annualized return to shareholders (TRS) since appointment is 20.2%. The present value of GBP1,000 (PV1000) invested on the appointment date is now worth GBP1,735, a gain of GBP604 and dividend reinvested of GBP132.

01 January 2018

Marie-Louise Clayton starts second year as Clarkson Non-Executive Director

Marie-Louise Clayton was appointed Non-Executive Director of Clarkson (L:CKN) one year ago on January 01, 2017. The shares were up from GBX2,079.0 to GBX2,816.0 and the total annualized return to shareholders (TRS) since appointment is 38.7%. The present value of GBP1,000 (PV1000) invested on the appointment date is now worth GBP1,387, a gain of GBP354 and dividend reinvested of GBP33.

Source: www.BuySellSignals.com