, Columnist
Maersk Needs a Bit of Bravery
Splitting oil or shipping business both have hurdles.
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Investors are understandably excited about a change of the guard at AP Moeller-Maersk but much will depend on how brave new management is prepared to be.
The stock jumped about 12 percent on Thursday in the biggest one-day gain since 2008 on hopes that the container shipping and oil group will carry out a radical face lift that could help remove the discount investors often apply to large conglomerates -- Jefferies analyst David Kerstens says in Maersk's case this has led to shares trading at about a 40 percent discount to its net asset value.