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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Braemar Plc | BMS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 7.00 | 3.20% | 226.00 | 16:29:09 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 221.00 | 220.00 | 226.00 | 226.00 | 219.00 |
| Industry Sector |
|---|
| INDUSTRIAL TRANSPORTATION |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 29/05/2025 | Final | GBP | 0.025 | 31/07/2025 | 01/08/2025 | 08/09/2025 |
| 25/10/2024 | Interim | GBP | 0.045 | 21/11/2024 | 22/11/2024 | 13/01/2025 |
| 20/03/2024 | Final | GBP | 0.09 | 01/08/2024 | 02/08/2024 | 09/09/2024 |
| 14/11/2023 | Interim | GBP | 0.04 | 22/02/2024 | 23/02/2024 | 02/04/2024 |
| 22/03/2023 | Final | GBP | 0.08 | 04/01/2024 | 05/01/2024 | 09/02/2024 |
| 15/11/2022 | Interim | GBP | 0.04 | 24/11/2022 | 25/11/2022 | 04/01/2023 |
| 24/03/2022 | Final | GBP | 0.07 | 08/09/2022 | 09/09/2022 | 14/10/2022 |
| 14/10/2021 | Interim | GBP | 0.02 | 11/11/2021 | 12/11/2021 | 16/12/2021 |
| 03/06/2021 | Final | GBP | 0.05 | 22/07/2021 | 23/07/2021 | 01/09/2021 |
| Top Posts |
|---|
Posted at 11/6/2025 16:52 by haywards26 Another murky RNS - Investigation.The national crime agency have applied for and received a court order allowing them to freeze a BMS bank account...Not a good look especially following quite recently on the report surrounding Russian shadow fleet deals and circumventing Russian sanctions (Oct 24)... Management and compliance alarm bells ringing... |
Posted at 29/5/2025 08:33 by edmundshaw Halving the dividend for buybacks to try and boost the share price? What planet are they on.They clearly have no clue what the majority of shareholders think of buybacks. It is a kind of impatience, I think, but it doesn't work especially concurrent with a sharply reduced dividend. In thirty years of investing I have seen it work a handful of times at best. Getting back to the old 15p dividend then gradually a bit more as the business grows, in the medium term a rerating would happen. But you have to wait. Personally I am theoretically not against buybacks (though most shareholders other than some self-interested institutions who want an easy divestment route hate them). But there has to be a better reasoning. |
Posted at 07/5/2025 19:59 by deadly end of ship attacks in the Red Sea might benefit BMS? |
Posted at 02/5/2025 15:45 by bend1pa I agree. Big mistake to sell BMS now. Plus the fact there's a handsome div yield on these, that is well covered when interest rates are likely to fall well below that level in the neaar future. In my view, those tariffs won't last that long, before Trump back-pedals on the whole thing. He already has with China. |
Posted at 01/5/2025 07:21 by rivaldo I sold my BMS shares recently given the tariffs, market uncertainty etc. Given today's trading statement from CKN it's likely that BMS will be suffering to some extent too. Whether deserved or not there may well be a sector/mirror effect here on the share price. |
Posted at 24/3/2025 16:34 by cwa1 From Edison:-Research: Industrials 24 March 2025 Braemar — Geopolitical factors weigh on charter rates Despite a challenging trading environment in H225, which has prompted a modest adjustment to forecasts, Braemar’s trading outlook for FY26 is promising. The underlying activities continue to expand and diversify, and the company remains well positioned to leverage its strong balance sheet to drive its growth strategy in a fragmented market. Although we have adjusted forecasts modestly, we have maintained our 535p valuation as this is driven by our dividend discount model, which remains unchanged. Furthermore, it is worth highlighting the substantial valuation differential between Braemar and its only quoted peer, Clarkson. |
Posted at 24/3/2025 09:49 by rivaldo Canaccord's new target price is 350p (from 380p), and they reiterate their BUY.They now forecast historic 29.5p EPS, reduced from 31.6p EPS. Their forecast dividend remains 14p - almost a 6% yield at the current price. The divi costs £4.4m out of Zeus's £9.5m forecast FCF, with the balance going to debt reduction and ESOP. Today's RNS is an obfuscation given it's a slight miss on forecasts. Nevertheless the downside remains minimal imo at these levels, especially with the support of the excellent dividend, and there remains the potential for earnings-enhancing acquisitions given the balance sheet strength. |
Posted at 06/2/2025 12:04 by rivaldo Cheers CWA1. This is an encouraging paragraph:"Braemar is positioned to outperform peers: We think Braemar offers an attractive blend of exposure to global tankers, offshore and dry cargo shipbroking, and vessel sale & purchase. Core shipbroking is complemented by specialist financial services, supporting fleet restructuring and financing, and risk management for customers. The business model is asset light and flexible. The forward order book (>$80m) is at healthy levels and reasonably well balanced by business line and geography. The Group continues to drive consolidation of markets globally with targeted expansion of offices and desks, and tuck-in acquisitions. Cash generation continues to improve, helped by low capex and low working capital intensity; liquidity headroom is sufficient to support our inorganic growth expectations. Braemar is responding well to the growing need for alternative fuels for decarbonised marine propulsion and offers carbon offsetting and compliance services. The operating margin, at c.12%, is competitive with the wider sector (including the main private operators) but lags market leader Clarkson (c.15%). That said, Braemar trades at a c.45% PE and EV/EBITDA discount to Clarkson and offers a superior dividend (>5% yield vs. c.2.5%)." |
Posted at 05/2/2025 08:25 by cwa1 Zeus initiate research on Braemar...Braemar BMS LN - Industrial Transportation Initiation: attractive valuation & business model but macro uncertainties abundant We initiate coverage with a BUY rating and a target price of 330p (+25%). We think Braemar is good value and offers focused exposure to global maritime markets, where strong medium-term demand is supported by vessel shortages and energy transition requirements. Free cash generation and returns are healthy, and the dividend is well supported. Its business model is flexible and scaleable. Shipbroking markets continue to consolidate, driven in part by increased costs of compliance and regulation; Braemar is a consolidator with sufficient liquidity to accelerate inorganic growth. That all being said, the timing of an investment in Braemar might be an issue for some investors with multiple near-term tradesensitive uncertainties. Including Trump tariffs and potential trade wars, the pace of China’s economic recovery and sea lane disruption. Hence, we are confident that Braemar will meet our FY25E (year-end Feb.) expectations but there is risk of volatility in earnings for both Braemar and Clarkson (CKN, BUY, TP 4,500p) as we enter reporting season. The next trading update is due in March. |
Posted at 06/11/2024 08:45 by rivaldo Good H1 results today, with forecasts reiterated for the year, increasing order books as at 30th September and net cash up to £3.3m.This despite a weaker dollar - although with a Trump victory this will likely reverse to BMS's benefit in this H2. Edison reiterate 44.4p EPS this year, with a 14p dividend. They summarise: "Solid H1 driven by diversification, outlook robust Braemar’s H125 results reflect a continuation of the successful diversification strategy that has been deployed for the last three years. Revenue was robust, up 1%, and operating profit increased 9%, highlighting operational leverage. Braemar’s underlying markets retain strong fundamentals that include increasing global demand and an aging global fleet; this bodes well for the future and is reflected in its robust forward order book. The company remains on track to achieve market expectations for this financial year." "As a result of the group’s trading performance and the increased confidence of management, the interim dividend was raised 12.5% to 4.5p (H124: 4.0p). Braemar ended the period with net cash of £3.3m, up 5% on the previous year, highlighting the company’s cash-generative nature. The outlook for the group is encouraging, underpinned by the forward order book that stood at $80.9m at the end of August, (29 February 2024: $82.6m; 31 August 2023: $67.2m), which had risen to $85.8m at 30 September 2024." |
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