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BMS Braemar Plc

235.00
-3.00 (-1.26%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Braemar Plc LSE:BMS London Ordinary Share GB0000600931 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -3.00 -1.26% 235.00 12,032 12:29:55
Bid Price Offer Price High Price Low Price Open Price
235.00 238.00 236.00 235.00 236.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Water Transport Svcs, Nec 152.75M 4.62M 0.1404 16.74 78.36M
Last Trade Time Trade Type Trade Size Trade Price Currency
12:28:15 O 1 235.00 GBX

Braemar (BMS) Latest News

Braemar News

Date Time Source Headline
17/12/202410:23UK RNSBraemar PLC Holding(s) in Company
10/12/202416:48UK RNSBraemar PLC Holding(s) in Company
10/12/202416:13UK RNSBraemar PLC Director/PDMR Shareholding
03/12/202409:27UK RNSBraemar PLC Total Voting Rights
28/11/202416:17UK RNSBraemar PLC PDMR Share Dealing
25/11/202411:41UK RNSBraemar PLC PDMR Share Dealing
22/11/202413:15UK RNSBraemar PLC PDMR Share Dealing
06/11/202412:37ALNCNewsBraemar interim profit rises as celebrates healthy order book
06/11/202407:00UK RNSBraemar PLC Interim Results
01/11/202407:00UK RNSBraemar PLC Total Voting Rights

Braemar (BMS) Discussions and Chat

Braemar Forums and Chat

Date Time Title Posts
21/11/202410:15BMS with Charts & News3,239
14/3/201609:16Braemar Shipping Services3
28/5/201516:16BRAEMAR SEASCOPE117
17/1/201408:22*** Braemar Seascope ***13

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Braemar (BMS) Top Chat Posts

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Posted at 26/12/2024 08:20 by Braemar Daily Update
Braemar Plc is listed in the Water Transport Svcs, Nec sector of the London Stock Exchange with ticker BMS. The last closing price for Braemar was 238p.
Braemar currently has 32,924,877 shares in issue. The market capitalisation of Braemar is £77,373,461.
Braemar has a price to earnings ratio (PE ratio) of 16.74.
This morning BMS shares opened at 236p
Posted at 21/11/2024 09:57 by qs99
So with this drift, does BMS become a takeover target? Hard to see of underlying reasons why such a drift, or am I missing some large elephant in the room? DYOR
Posted at 12/11/2024 09:04 by tomps2
Braemar (BMS) Half Year 2025 results presentation - November 2024

Braemar CEO, James Gundy and CFO, Grant Foley present the group’s results for the six months ended 31 August 2024, followed by a Q&A session.

Watch the video here:

Or listen to the podcast here:
Posted at 04/11/2024 11:58 by pireric
Edison put out a note on Braemar #BMS today talking about how the tax rises on NI in the budget hurt forecasts. About £450k in FY25 and about £850k in FY26.

Fair enough.

But then they reduce their net cash forecast for FY26 from £8.3m to £1.5m. No reasons given. Talk about sneaky / ridiculous.

Eric
Posted at 30/10/2024 12:21 by tomps2
Braemar (BMS) Half Year results webinar

Friday, 8 November, 1:00pm

Braemar CEO, James Gundy, CFO, Grant Foley and COO, Tris Simmonds will present the groups results for the six months ended 31 August 2024, followed by a Q&A session.

To attend, register here: bit.ly/BMS_H125_results_webinar
Posted at 14/10/2024 12:05 by qs99
thanks, so BMS has not broken any laws, so on that basis, move on no? DYOR
Posted at 11/10/2024 10:15 by onwego
The gist of the FT article is that BMS has been a key player in the assembly of Russia’s “shadow fleet” which is used to export oil.

The activity was legal, however many of the vessels have subsequently been sanctioned and such business is said to be in the cross hairs of politicians now, including PM Starmer.
Posted at 26/9/2024 09:18 by rivaldo
Updated commentary from Master Investor FYI:

"Braemar (LON:BMS) – Confident And Resilient Outlook

This morning’s Trading Update for the six months to end-August, from the provider of expert investment, chartering, and risk management advice to the shipping and energy markets, declared that that the group had continued to trade well and in line with expectations.

The group expects that its first-half revenues will be broadly steady at £75m, while net cash has increased fractionally to £3.3m (£3.1m).

It is confident in the outlook for the remainder of the financial year and beyond, as it continues to benefit from its increasingly resilient and focused growth strategy.

The group’s forward order book continued to be strong at $80.9m ($67.2m).
We should be seeing the actual Interim Results being reported in the middle of November.

Indications are that the market is looking to the current year revenues of £153.2m, with operating profit of £18.1m.

Analyst Damian Brewer at Canaccord Genuity rates the group’s shares as a Buy, with a 410p Price Objective.

He is looking for the current year to end February 2025 to show adjusted pre-tax profits of £15.8m (£16.1m), with earnings of 32.3p (34.2p) and an increased dividend of 13.2p (13.0p per share.

The undervalued group’s shares are currently trading at around the 292p level and continue to hold strong attractions."
Posted at 15/5/2024 14:10 by mount teide
Must be pleasing for shareholders that BMS looks to have finally secured a management team with the knowledge, experience and talent, to potentially deliver growth capable of challenging global market leader Clarkson.

Been a long time coming for its long suffering shareholders, who have been rewarded for their loyalty since the previous shipping market cycle bottom in 2000, with just a 72% share-price increase from 169p to 292p.

Whereas Clarkson, has generated 49 fold (4,923%) of capital growth since 2000 as a result of a shareprice increase from 82p to 4,050p. In addition, the stock has returned 10+ fold in dividends ........for a total 31% CAGR for shareholders over the last 24 years.

At the current stage of this latest shipping market cycle, BMS' mix of shipbroking business, looks like it may have the potential to deliver a performance over the likely 3 years or so left of this latest shipping market cycle recovery/boom stage, capable of taking out the stock's circa 600p all time high price.

AIMHO/DYOR

Declaration: a shipping industry professional who has held Clarkson since 1999, other than for a brief 18 month period during 2007/8.
Posted at 07/5/2024 19:21 by tole
https://masterinvestor.co.uk/equities/who-are-the-two-competitors-buying-into-braemars-equity/Who Are The Two Competitors Buying Into Braemar's Equity?By Mark Watson-Mitchell 07 May 2024 5 mins. to readWho Are The Two Competitors Buying Into Braemar's Equity?It could prove to be excellent timing for the latest declared buyer of equity in my favourite shipping services group Braemar (LON:BMS). Later this week its larger competitor, the £1.23bn capitalised Clarkson (LON:CKN), will be holding its AGM, so we will, no doubt, get an update on life within the sector. Second Shipping Sector Group Buys In I noticed that another shipping services group has recently been putting together a declared stake in Braemar's equity. On Friday afternoon last week, it was declared that Minna Invest GmbH from Hamburg, Germany had put together a 992,398 shareholding in BMS. There is scant information available about Minna Invest to tell us immediately who is behind the stake. However, I have found out that Jan Peter Döhle and Jost Döhle are the two Managing Directors of Minna Invest. The Döhle Group covers all parts and aspects of the modern shipping business: "We offer a wide range of services including financial, commercial, and technical support, as well as insurance and crew management. Apart from our complementary activities provided by the companies within the Group, our core competencies lie in chartering as well as sale and purchase. With its numerous offices, subsidiaries, and partner companies located worldwide Peter Döhle Group offers tailor-made solutions for the whole shipping industry." The Döhle Group controls the world's largest tramp-owned fleet of containerships, comprising a total of around 415 highly modern vessels. The fleet ranges from small feeder vessels of around 300 TEU up to ships of 13,000 TEU capacity (a TEU is a 20ft long equivalent unit container). All the fleet's ships fulfill today's market requirements such as super-slow steaming and high reefer capacity. Many are equipped with their own cargo gear, making the fleet versatile as well as technically and commercially competitive in all areas of the world. The Döhle group, which has more than $8bn assets under its management, offers a wide range of services: sale & purchase; technical management; crew management; insurance; commercial management; bunker trading; financial restructuring; corporate services; shipping software; and shipping agency & logistics. That Now Makes Two Competitors Recently Into The Equity Readers may well remember that on 10th January this year I noted that another player in the shipping sector had bought into the BMS equity. I revealed that an ambitious Geneva-based shipbroking company had been putting together a 'major shareholding' in the group's equity.? Lightship SA had bought some 1m shares representing 3.04% of the issued stock.?? Lightship Chartering, is 51.5% owned by Danish founder and chairman Morten Have.? Sune Fladberg, the private company's CEO, was reported as stating that:? "It's quite simple, we believe strongly in shipping in the near future and are looking for opportunities to invest further in the industry.? We think the valuation in Braemar is very attractive at the moment."? What Did The New Buyers Pay? In early January I assessed that Lightship must have paid up to 290p a share for its holding. Whereas Minna could have been paying around 250p to 275p a share for its position. Last week the Braemar shares hit 284p before closing on Friday night at 277p, valuing the whole group at just £79m. The company's results for the year to end February 2024 should be declared within the next three weeks or so. In its 20th March issued Trading Update the group declared that it had achieved another strong performance, with revenue and underlying operating profit?for FY24 in line with market expectations – at £150m and £18m respectively. Understandably the net cash position had dropped from £7m in the bank to just £1m at the year end, but last year it had covered the costs of the internal independent investigation conducted and concluded in 2023, as well as certain tax payments and share buy-backs during the period. However, impressively it announced that it had an Order Book of $83m, which was 47% ahead of the 2023 figure of $56m. Why Invest In Braemar? When asked 'why invest in Braemar?' the group responds: "We are one of only two publicly traded shipbroking companies on the London Stock Exchange, offering an attractive opportunity to invest in the shipping industry without needing to invest directly in ships. As a leading global shipbroker with offices in London, Singapore, Beijing, Geneva, Perth, Dubai, Athens, Hamburg, Melbourne, Madrid, Shanghai, and Houston, we're well-positioned to serve key industry players across different time zones and cultures. Our operations are diversified across Tankers, Dry Cargo, Sale & Purchase, Renewables, Financial and Offshore in order to generate a reliable, less cyclical income stream." Broker's Estimates Estimates for the current year to end February 2025 are for around £150m of revenues and £15.8m pre-tax profits, worth 46.6p per share in earnings and more than three times covering a 14.0p per share dividend. Analyst Price Objectives for the shares range from 385p to 505p, against Friday night's closing 277p. Results Due Before End May In late March I wrote that: "The May figures could well see upgrades helping to pinpoint just how undervalued this group's shares are at last night's closing price of 256p. I still find it hard to understand why these shares are so lowly valued, they are destined to rise above the 300p level fairly soon." The above estimates show that the shares of Braemar are an extremely attractive proposition, which is more than likely to be the reasoning behind two of its competitors buying into the group's equity. On 5.9 times current year prospective price-to-earnings ratio and yielding 5.05% – the shares are almost a giveaway, in fact, I now set a new Target Price for Braemar's shares at 350p.
Posted at 02/4/2023 10:48 by rivaldo
No-one expects anything else from the Mail on Sunday :o))

But I'm always glad to see a smaller company in my portfolio highlighted in the national press and getting some attention.

And the conclusion that the BMS share price has serious upside from here to reach fair value is spot on.
Braemar share price data is direct from the London Stock Exchange

Braemar Frequently Asked Questions (FAQ)

What is the current Braemar share price?
The current share price of Braemar is 235.00p
How many Braemar shares are in issue?
Braemar has 32,924,877 shares in issue
What is the market cap of Braemar?
The market capitalisation of Braemar is GBP 78.36M
What is the 1 year trading range for Braemar share price?
Braemar has traded in the range of 235.00p to 315.00p during the past year
What is the PE ratio of Braemar?
The price to earnings ratio of Braemar is 16.74
What is the cash to sales ratio of Braemar?
The cash to sales ratio of Braemar is 0.51
What is the reporting currency for Braemar?
Braemar reports financial results in GBP
What is the latest annual turnover for Braemar?
The latest annual turnover of Braemar is GBP 152.75M
What is the latest annual profit for Braemar?
The latest annual profit of Braemar is GBP 4.62M
What is the registered address of Braemar?
The registered address for Braemar is ONE STRAND, TRAFALGAR SQUARE, LONDON, WC2N 5HR
What is the Braemar website address?
The website address for Braemar is www.braemar.com
Which industry sector does Braemar operate in?
Braemar operates in the SEA TRANSPORT DIV'E sector

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