Why I'm Looking to Buy on the Dips

The Week: Morningstar columnist Rodney Hobson highlights some potential buying opportunities after recent results from the likes of Clarkson, Spirax-Sarco and Admiral

Rodney Hobson 14 August, 2020 | 9:29AM

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For long-term shareholders who are sitting out the crisis, this has been the best week for hopeful signs that we have seen for five months. While these are early days and we are likely to see continuing wild swings in the stock market, it is time to look for opportunities to buy on the dips.

Shipping services business Clarkson (CKN) produced surprisingly good results for the half year to June 30. One might have thought shipping pretty much ground to a halt for three of those months but instead clients sought Clarkson’s advice on how to cope with Covid-19, so revenue rose 7.5% with strong gains in the broking division. Pre-tax profits rose from £19.2 million to £20.9 million.

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The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

Rodney Hobson

Rodney Hobson  is a columnist for Morningstar.co.uk and author of several investing books, including The Dividend Investor and How to Build a Share Portfolio.

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