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BMS Braemar Plc

309.00
-1.00 (-0.32%)
26 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Braemar Plc BMS London Ordinary Share
  Price Change Price Change % Share Price Last Trade
-1.00 -0.32% 309.00 16:35:09
Open Price Low Price High Price Close Price Previous Close
307.00 307.00 313.00 309.00 310.00
more quote information »
Industry Sector
INDUSTRIAL TRANSPORTATION

Braemar BMS Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
20/03/2024FinalGBP0.0901/08/202402/08/202409/09/2024
14/11/2023InterimGBP0.0422/02/202423/02/202402/04/2024
22/03/2023FinalGBP0.0804/01/202405/01/202409/02/2024
15/11/2022InterimGBP0.0424/11/202225/11/202204/01/2023
24/03/2022FinalGBP0.0708/09/202209/09/202214/10/2022
14/10/2021InterimGBP0.0211/11/202112/11/202116/12/2021
03/06/2021FinalGBP0.0522/07/202123/07/202101/09/2021
24/10/2019InterimGBP0.0531/10/201901/11/201913/12/2019

Top Dividend Posts

Top Posts
Posted at 17/7/2024 11:20 by rivaldo
Useful comment on a BMS thread elsewhere from vsihv:

"Hapag Lloyd upgraded their guidance recently - positive readacross - I assume if Hapag Lloyd are upgrading, so will the Maersks & MSCs of this world"
Posted at 05/7/2024 09:19 by rivaldo
Hmmm. I've read that dry cargo can refer to either dry bulk or container shipping, and BMS have divisions for dry cargo as well as containers.

I will take your opinion on board though and will wait to see what the next statement brings :o))
Posted at 04/7/2024 19:45 by tole
https://masterinvestor.co.uk/equities/small-cap-catch-up-braemar-hunting-and-loungers/Braemar (LON:BMS) – Totally Lacklustre AGM StatementThis group, which is one of favourites, is a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets. It offers services that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy.The group's experienced brokers work in tandem with specialist professionals to form teams tailored to its customers' needs, and provide an integrated service supported by a collaborative culture.In late May when announcing its Final Results for the year to end February, it reported another strong performance for the group, demonstrating its strategy to grow the business, to build its resilience, and to generate sustainable shareholder returns across the shipping cycle.The company stated that FY25 had started well, entering the year with a total forward order book as at 29th February 2024 of $82.6m (FY23: $56.2m).It also noted that it looked forward to continuing the successful execution of its growth strategy, through hiring talented individuals, geographic expansion and making selective acquisitions, while at all times maintaining a strong focus on cost efficiencies and improving operating margins, as the business continues to scale.CEO James Gundy stated that:"The overall market outlook remains positive. Geo-political and natural events, as well as environmental considerations are leading to longer voyage times, and global seaborne trade continues to grow, while the total fleet size remains at similar levels."After the recent results, analyst Ian McInally, at Cavendish Capital Markets, increased his Buy note Price Objective to 392p, concluding that:"We believe our forecasts are conservative and the shares look good value at current levels, trading on just 6.7x FY25E underlying EPS."He commented that the worldwide fleet remains low by historic levels and seaborne trade continues to grow, providing a positive outlook for the business, notwithstanding normal cyclical movements in individual shipping sectors.For the year to end February 2025 he is going for £154.7m (£152.8m) revenues, with adjusted pre-tax profits of an unchanged £16.1m, but with earnings increasing to 38.1p (34.1p), enabling a dividend of 14.0p (13.0p) per share.Yesterday the group held its AGM after having issued a totally feeble Trading Update which said almost nothing, it read:"Further to the update provided in the FY24 results announcement issued on 23 May 2024, the board is pleased to report that the Group has continued to trade well and that performance in FY25 to date is in line with expectation.The Group remains focused on its stated growth strategy and the board looks to the year ahead and beyond with confidence."Despite that 'nothing' of an Update I still like this £90m capitalised group and consider that its shares at 297p each are undervalued.
Posted at 21/6/2024 08:27 by masurenguy
FY24 Final Dividend

The AGM will be held on Wednesday, 3 July 2024. Subject to shareholder approval at the AGM, the FY24 final dividend will be paid on 9 September 2024 to shareholders who are on the register at the close of business on 2 August 2024, with a corresponding ex-dividend date of 1 August 2024.
Posted at 28/5/2024 11:16 by rivaldo
Finncap have increased their target price to 392p (from 385p).

They forecast 44.93p underlying EPS this year (38.1p EPS fully diluted), a P/E of 6.6 at 294.5p. And a 14p dividend, i.e a divi yield of 4.8%.

They note that "these are conservative forecasts, reflecting the current stable business operations, and do not assume the addition of a significant number of experienced broking teams or the impact of future M&A. Obviously these are core elements of the growth strategy, providing potential upside to our forecasts."

They summarise:

"Outlook.

The worldwide fleet remains low by historic levels and seaborne trade continues to grow, providing a positive outlook for the business, notwithstanding normal cyclical movements in individual shipping sectors. Various events around the world have led to increased voyage distances, placing further supply pressure on the worldwide fleet. Braemar ended FY24 with a strong order book and reports a positive start to FY25. The strategy remains to grow market share and expand the business by adding new broking desks or adding to existing ones, and via potential M&A should the right targets emerge and make a good fit with Braemar.

Our DDM valuation analysis implies a target price of 392p (385p previously), a potential 29.4% upside. At the current 303p, the FY25E P/E (underlying EPS) is 6.7x (8.0x adjusted diluted), with an EV/EBITDA (underlying) of 4.4x and our forecast 14p dividend provides a prospective dividend yield of 4.6%."
Posted at 16/5/2024 12:38 by tomps2
Braemar (BMS) Full Year results webinar

Tuesday, 28 May, 1:00pm

Braemar CEO, James Gundy, CFO, Grant Foley and COO, Tris Simmonds will present the Group’s results for full year 2024, followed by a Q&A session.

Register here: bit.ly/BMS_FY24_webinar
Posted at 16/5/2024 08:40 by rivaldo
Newly tipped on Master Investor, primarily referring to the Houthi rebel attacks in the Red Sea pushing up shipping rates:



Extracts:

"However, the ongoing stress created in re-routing shipping around the Cape has seen costs increasing for both the shipping companies and their customers.

That is when companies like Clarkson (LON:CKN) and Braemar (LON:BMS) become extremely important advisors and agents.

Volatility and uncertainty in shipping markets is usually positive for shipbrokers.

Clarkson stated at its AGM on Thursday of last week that it had made a positive start to the year, helping its clients to navigate the ongoing complexities and disruptions to global trade, by providing the expertise, data and insights to enable them to make the right decisions for their organisations.

For both groups their Forward Order Books must have seen some good uplift, the benefit from which will become evident in the second half of this year.

Rapidly rising freight rates suggest that fears of delayed goods have kicked off the peak season early this year.

Shippers fear major delays on goods due to new supply chain disruptions.

This has jump-started the peak season and sent spot rates soaring.

Elsewhere there are reports that the market for buying and selling second-hand dry bulk carriers is in the top 20% of the price development since 2000, while for tankers it is in the top 10%.

The past six months have seen significant price increases for used dry cargo ships and tankers.

However, I now really suggest that investors should keep their eyes on the shares of my favourite shipping services group."

"In the last few months, a couple of the group’s competitors have been acquiring stakes in the company – the Peter Dohle Group and Lightship Chartering, both declaring just over 3.0% holdings in the BMS equity.

The group should be announcing its 2024 results, which are not expected to see any surprises, before the end of this month.

At this stage expectations for the current year to end February 2025, are for £150.2m of revenues and £15.8m pre-tax profits, generating nearly 47p per share in earnings and easily covering an estimated 14.0p in dividend.

Last night the shares closed at 295p at which level they are trading on a miniscule 6.3 times prospective price-to-earnings ratio, while yielding a very healthy 4.7%.

I believe that they will soon be trading at levels far higher than on 8th January and I have confidence in my aim of early-May at 350p."
Posted at 15/5/2024 15:10 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 20:21 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 20/3/2024 07:27 by masurenguy
Positive update with an 8% dividend increase and a 47% order book uplift !

FY24 TRADING UPDATE
Revenue and underlying operating profit in line with market expectations

Braemar announces a trading update for the twelve months ended 29 February 2024 (FY24).

Trading update

The board is pleased to report that the Group has achieved another strong performance, with revenue and underlying operating profit1 for FY24 in line with market expectations. Revenue is expected to be not less than £150m (FY23: £153m) with underlying operating profit of not less than £18m (FY23: £20m), subject to audit. The Group maintained a positive cash position with net cash at 29 February 2024 of £1m (FY23: £7m), a decrease from the prior year after expensing the cost of the previously announced internal independent investigation conducted and concluded last year, certain tax payments and share buy backs during the period.

Proposed dividend

In line with the Group's progressive dividend policy, the board expects to recommend a final dividend of 9p (FY23: 8p) per share, delivering a total dividend for the year of 13p (FY23: 12p), an increase of 8%.

Outlook

The Group entered FY25 with a total forward order book3 of US$83m, a substantial increase of 47% on the prior year (FY23: US$56m), providing the board with confidence for the year ahead.

Notice of results

The Group expects to announce its FY24 results for the y/e 29 February 2024 by the end of May 2024.

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