AP Moller-Maersk (MAERSKB DC) Denmark
Industrials
Soren Skou (CEO since 2012) purchases €563k of shares at DKK16,746. He has an excellent record as a buyer, making a series of purchases into rising prices, most recently buying stock at DKK12,558 in Feb’21. What is intriguing about this purchase is that just one month ago he made his largest sale ever, an option exercise and sale that netted him €5.4m. That sale at DKK22,210 was perfectly timed, as was his option sale in Dec’21 at DKK23,303. Nevertheless, this is still an unusually large buy from him and as a result Smart Insider increases the company's Stock Rank to +N (positive rating).
Edition: 144
- 16 September, 2022
AP Moller Maersk (MAERSKB DC) Denmark
Industrials
Drewry Maritime Financial Research
Container shipping spot rates are still at stratospheric heights and show no signs of abatement. With sky-high contract rates locked in, another highly profitable year is virtually guaranteed. Drewry discuss the company’s remarkably impressive recent performance and management’s guidance (which includes substantial upgrades) for the rest of the year. A new, additional share buy-back programme (~DKK 31bn, or 10% of Mkt Cap over 2 years) highlights the strength of the group's FCF generation. Fair Value increased to DKK 18,000.
Edition: 110
- 14 May, 2021