Braemar Share Discussion Threads

[trytotakeiteasy] 18/9/2013 15:01

I would of thought the reason was pretty obvious why the stock is up.... what drives the key part of the group's business? If you know that you will see that it has changed positively recently.

[joanna 10] 18/9/2013 13:27

So, what is exciting the share price?

[this_is_me] 02/9/2013 15:28

Yes, it is at its recent high again.

[kkbabe] 13/8/2013 11:22

After the trading update I thought that this might drift a bit but we are seeing some quite exciting price action here. Very encouraging

[pillion] 22/6/2013 22:47

eps figures from



Encouraging update

[deadly] 19/6/2013 15:00

flying under the radar.
XD 4% next week and trading update looks sound:

We are encouraged by the performance of our chartering desks where activity levels have been strong. We did not expect any recovery in freight rates in dry bulk and tankers, and while we have seen some recent recovery, we are not confident it will be sustained over the longer term. Our Offshore desk has started well in a strong market. Although there have been some departures from our Sale & Purchase department the desk is delivering in line with expectations, with demolition business continuing to be a significant contributor. We have seen increased activity in the newbuilding sector which will start to rebuild the forward order book.



We will continue to invest in the growth of our core Shipbroking division. We established a new desk of six tanker brokers in Houston in May this year and are in the process of setting up a new desk in Oslo. We continue to seek to recruit new talent as required.

[this_is_me] 15/5/2013 13:04

I got in just in time last week. Looking good.

[aleman] 14/5/2013 10:04

This one has been on my montior for buying again but it's getting away from me a bit. It just seems to be following the trend for all yield shares this year. THe High Yield Index is up 14.4% so far in 2013. It's getting harder to find good value income shares as the hunt for yield intensifies and pushes ratings up and yields down.

[wjccghcc] 14/5/2013 09:03

True but the valuation is about 60% of Clarkson's. It seems the market is looking forward to a shipping market recovery in the second half of 2014.

In the meantime, 20% of the mkt cap is cash making the yield of 6.3% pretty secure while you're waiting.

I took profits on half of mine yesterday at 412p but am happy to hold the rest.

[rivaldo] 14/5/2013 08:54

I've not been a holder here for a while, but BMS remains on my watchlist.

The current valuation looks too high for me to re-enter at present given that revenues will fall by around £19m this year and profits by say £2m at a stroke with the completion of the Rena clean-up contract.

This seems too much to make up imo, given that without the Rena contract PBT in these results would have been down from £9.8m to say £7.3m.

I'll be interested to see if and by how much the current forecasts of between 34.6p-40.8p are revised downwards.

[trytotakeiteasy] 17/4/2013 14:19

key is maintain dividend while we await shipping rates to increase.. secondly to hopefully see profits increase this year.. and lastly to see a bottoming out of ship broking profits so they won't fall much further.... and recover from here.. these things all together should mean this is the bottom for the stock... we shall see.... would be surprised if they cut their dividend with £17m of cash but who knows...

[woodcutter] 17/1/2013 18:22

yeh and maybe i'm too greedy;-)

Zyt is a bit of a concern, i nearly sold/top sliced a few earlier today (for possibly a better home) as i'm almost fully invested at the minute. I did a bit more research on my target and thought better of it for the moment.

Anyway that resiliance held up again today.

WC

[wjccghcc] 17/1/2013 12:02

I think it depends on whether disappointing trading statements are due to a problem with the underlying business or a temporary setback which will be recovered from. With BMS, the underlying business is performing in line - its the lumpy salvage which is winding down faster than expected. However, the NZ salvage was only ever a boost to this year's results with nothing being factored in for it for next year.

What will drive the BMS share price is the shipping market, which currently provides around 50% operating profits (bumping along the bottom of the market) but which can quadruple when the cycle finally turns up again. In the meantime, you get support from a 7+% yield (covered), and 20% of the mkt cap in cash. Consequently, any short-term dip will be bought by people happy to sit on the dividend while waiting for the upturn.

Contrast that with ZYT which I did sell after the results at around 310p. Whereas I know BMS will recover at some point, I am more uncertain whether ZYT, while currently having a great niche, will see their tech surpassed by the accelerating new touchscreen developments. Maybe I worry too much :-)

[woodcutter] 16/1/2013 15:25

I'm not a chartist but from observation it looks like a second head and shoulders pattern to the downside forming. The last one peaked in April '12 but broke thro' to the upside in July at just above 350p. As you know WJ i've been looking to get in at around 300p but it's been very resiliant and you've got to admire that. Maybe 350p might be a better strategy topping up if it goes lower.

I held two other stocks that have done exactly as has happened with Clarkson. ZTF update wasn't fantastic so i sold and it recovered dam!. But when ZYT statement wasn't wrapped in glory i held and i'm seeing the benefit so i'll watch with interest how BMS goes.

Woody

[wjccghcc] 16/1/2013 13:55

Yup, though won't affect next year's forecasts as salvage contribution from the NZ wreck was assumed to end this year. As ever, it depends on when the shipping market picks up. I note that Clarkson has pretty much recovered all its losses after its recent profit warning. Be interesting to see if BMS does the same over the next 3 months.

[woodcutter] 16/1/2013 13:14

looks like a profit warning to me. We'll see, still a very good business, just looking for the right entry point.

WC

[redips2] 16/1/2013 09:39

The curate's egg.

[woodcutter] 12/12/2012 14:37

The BDI has recovered from it's lows of about 660 and moved up over 1000 but is declining again to around 900. This may even be a support level based on recent history if it falls through that the it could go back to previous lows. (It's still well below the 2010 highs of 4000)

The increase has been reflected in the transport costs of one of my other stocks so it is having an impact.

With the likelyhood of a ims in january it will be interesting to see how the share price develops. clearly the improvement in the bdi seems to be holding the share price up.

Woody

[wjccghcc] 25/11/2012 19:46

Well Clarkson have the cash to pay £5.50 and it would be very earnings enhancing even without the environmental boost. Of course, it depends on whether management want to sell.

[woodcutter] 24/11/2012 13:47

WJ

in far east at present so don't have all my notes been in a few remote areas and just catching up with events on my portfolio and watch list. From recollection i think bms will hit targets this year but i want to see the next outlook statement. I recall thinking that the end of the environmental contract will be fully invoiced by year end share price outlook going forward is critical for my entry. It might still fall and anything around 300p and i'm a definite buyer regardless of statement so i'm watching closely at the moment. Haven't kept up to date with bdi though and need to find time to review.

Got to go wife wife needs to eat, off to dinner.

Only one more week of fried rice.

WC

[qvg] 22/11/2012 15:54

glad I took some profits in October! I am a buyer again at 320

[redips2] 22/11/2012 15:27

Well, £3 would be v good, I only paid £3-ish anyway, might be a stretch to get there but here's hoping.

[wjccghcc] 22/11/2012 14:30

Hats off WC. You were right - it has drifted post xd like quite a few other small cap stocks. IMHO it's cheap now with 25% mkt cap in cash and 7.2% yield so I'm adding. Having said that, it wouldn't surprise me to see it bounce off 300p. Now that would be a real bargain!

[grahamburn] 22/11/2012 13:53

Why the flurry of (relatively) small sales today? Seems to be compounding the general weakness in the price throughout November.

Perhaps the fall now is down to ex-dividend status from last week, but that wouldn't explain the drift since the start of the month.

[woodcutter] 02/11/2012 08:34

Some interesting news commentry

A slew of economic data from China and the Pacific Rim show that orders are picking up and trade is rebounding after the industrial recession of the past few months. The Baltic Dry Index, measuring shipping rates for commodities – watched as a proxy for Chinese demand – has come back from the dead, rising 50 per cent since July. Container freight rates on Asian routes have started to recover. The Danish group Maersk raised its shipping rates two weeks ago, and the Chinese operator COSCO followed suit on Thursday. The HSBC/Markit index for Chinese manufacturing jumped to 49.5 in October. It is still below the expansion line of 50 – for the 12th month in a row – but domestic orders have risen sharply, suggesting that the world's second-biggest economy is at last generating its own momentum. "China's manufacturing sector has picked itself off the floor but it is not moving with anything like the speed we've been used to over the past few years," said Mark Williams from Capital Economics, The Telegraph says.

WC