|Braemar Seascope Group
||EPS - Basic
||Market Cap (m)
Braemar Shipping Services Share Discussion Threads
Showing 2201 to 2224 of 2225 messages
|Clarksons results today: down but not badly so. Their outlook:
In the short-term at least, shipping markets seem most likely to remain challenging whilst current difficult market conditions and an unusually opaque global macro-economic environment persist, but there are now a number of indicators of improvement in the industry via measurable, if as yet relatively modest, demand growth and a slowing in the new capacity reaching the market.|
|Yes I had seen the Director deals, they are relativelty small but at least in the right direction. I am a big fan of directors having "skin in the game". The aggregate holdings are reasonable but more aggressive director buying would be very good to see
I guess these are going to drift around until the full year results in May.|
|Gretel thanks for that
With reduced final divi I make the current yield at 5.38% ( 14p/260p) which is very good when compounded up over years. I guess one risk is further cuts in divi if profits continue falling. Your numbers show the very opposite so I hope they are the more accurate reflection on the future
It would be nice to see a share price low which is above the previous one at 235p so there is a definite trend change on the chart
One thing that does concern me is the relative BMS performance vs other shipping businesses Ocean Wilsons OCN and Clarkson CKN|
Good luck betman.
Having only just bought in
I see it as an income share for now.
Quite happy if the share price stays steady
at around current levels.
Recovery would be a bonus|
|Gretel thanks for all the data, could I be a pain and just ask what the heading of each column is
I am new to BMS so would appreciate your views on the business going forward. My take is that with upgrades to Worldwide GDP growth I see these as a recovery share|
|Div Yield 9.7% 5.3%
Div Cover 1.3 1.3
Op Mrgn 6.5% 5.5%
2012-02-29 133.47 9.79 39.05p 9.9 -0.4 -27% 26.00p 6.8%
2013-02-28 139.68 9.65 34.47p 11.2 -1.0 -12% 26.00p 6.8%
2014-02-28 125.53 8.96 33.51p 15.2 -5.4 -3% 26.00p 5.1%
2015-02-28 145.60 5.13 32.28p 14.3 -3.9 -4% 26.00p 5.7%
2016-02-29 159.12 9.93 34.70p 12.1 1.6 7% 26.00p 6.2%
2017-02-28 138.52 2.98 7.65p 35.7 -0.5 -78% 14.00p 5.2%
2018-02-28 139.41 7.65 18.45p 14.5 0.1 141% 14.25p 5.3%
2019-02-28 144.80 8.50 19.33p 13.4 2.8 5% 15.33p 5.7%|
|definitely re-assuring seeing all these managers buying their own company|
|Director / PDMR Shareholding - HTTP://www.investegate.co.uk/braemar-shipping--bms-/rns/director-pdmr-shareholding/201701311010285927V/
David Moorhouse (Chairman) bought £124k at 252p on 30/1|
|Director / PDMR Shareholding - HTTP://www.investegate.co.uk/braemar-shipping--bms-/rns/director-pdmr-shareholding/201701301539175006V/
NED Alastair Farley bought £49.5k at 247.5p on 27/1|
|Yes of course
I know that - you don't take the obvious point
This is that their report of 8 months ago was in a very short time completely off beam
What value the latest one?
I know Edison
I have employed them - when they were a start up operation
They are the Southend United of the Premier League|
Your reference to Edison's analysis from 8 months ago is a little out of date. Edison has done a couple of reports since then as well as one (which has been referred to on here yesterday) following the recent statement:
|I spoke to the Company re the definition of an "appropriately covered dividend" and was guided that in time this would be in the range of 1.2/1.5x
So if a 14p dividend is covered 1.2x then eps would need to be 16.8p
This would require profits attributable to shareholders of £5m +
Oh and BTW this is the Edison research from 8 months ago
|Director / PDMR Shareholding - HTTP://www.investegate.co.uk/braemar-shipping--bms-/rns/director-pdmr-shareholding/201701261444272408V/
Wife of NED Jurgen Breuer has now bought £48k worth at 241p. At least there is no sneaky pre-Trading Update sale by a PDMR tacked onto the bottom of this rns!|
|I have checked up, and based on a legal source, clearance to deal is required for the PDMR by an appropriate (designated) board member or designated PDMR. Also the clearance should have been denied. This appears to be a cut-and-dried failure to comply with FCA guidelines on listing rules and, if the FCA takes the issue up, could result in a sizeable fine either for poor controls or for non-adherence - this is irrespective of whether any detriment to the market or investors has occurred. Of course there is a question about whether the FCA will bother given the size of the deal, but it is definitely not OK.
|Trading statement at similar time last year so update hardly a surprise
Anyway a PMDR should ask permission
It seems he didn't and was tardy in advising the Company anyway
A call to the FD seems appropriate|
|I would welcome some clarity from the co re this PDMR transaction 5 days before a company announcement with major share price impact, as by that point there would already be at least draft documentation in existence.|
|Just got in and saw that RNS. Clearly it was a closed period, he knows he is a PDMR and presumably would have needed permission from the company to trade, and I can hardly believe that he was just lucky. So it looks pretty wrong to me.|
|Interesting RNS just out. Alongside the director buying I see Kevin Gorman (MD at Cory Shipping) sold £47,000 of shares at 306p on 18th January - just 3 working days before Monday's disastrous trading update.
He's evidently a very perceptive - or lucky - guy.
EDIT - sorry speedsgh, posts crossed!|
|CEO & a NED dipping into their own pockets. Relatively small amounts (£39.5k & £49.8k) so not taking too much comfort from it. They were bought yesterday at 249p.
Also slipped in at the end of the rns is notification that a PDMR sold just under £47k worth at 306p on 18 Jan. Trading Update was released on 23 Jan so would seem rather fortuitous timing! How that isn't insider trading I don't know. Not impressed!
Director/PDMR Shareholding - HTTP://www.investegate.co.uk/braemar-shipping--bms-/rns/director-pdmr-shareholding/201701251336521083V/|
|I agree. 14p seems to be the consensus view. Obviously depends on trading in FY18 but they have a very robust balance sheet.|
|The clue is in the trading statement where it says:
"The Board's intention for the medium and longer term is to pay a dividend appropriately covered by earnings from underlying operations."
That covers the Board's back, though is slightly ambiguous with the words "appropriately covered by earnings" - is that covered once, 1.5 times or what?
However, IMO the Board wouldn't have given the indication of a cut to a 14p dividend this year, only to cut it again next year. So, guess that Edison have it about right predicting the same for next year.|
|Agree with all of that.|
|I am not expecting a dividend at 26p any time soon either. Just think that reducing the dividend to around 13p-15p is enough provided markets recover through the cycle. That is what Edison are indicating, and their information should be more based on some contact with management. But they have left themselves wiggle room in case conditions continues to be tough, and obviously they would not want to have to make a further cut.|