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Secondary Recommendation

ACM Shipping - Trading ahead of expectations

June 2008

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:
  • ACMG
  • Price:
  • 253p
The most straightforward reason for buying shares in ship broker ACM Shipping (ACMG; 253p) is that with a market cap. of £43m the group is much smaller than its two quoted rivals, Clarkson (CKN; 989p) and Braemar (BMS; 528p). The latter are both fully mature companies and have operations which span the buying and selling of ships, chartering of bulk carriers that carry dry cargos, as well as container and tanker brokering. This has seen those larger companies seek growth in new areas such as ship inspections which have less attractive characteristics than the core business. On the other hand, ACM is a pure specialist tanker broker and has all that growth to come. It’s business is that of chartering tankers that are used to tran ...

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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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