Braemar Share Discussion Threads

[edmundshaw] 03/2/2023 21:12

Has the company told you there is a trading update coming? Last year it was about now, but the year before it was in March, after the year end...

[rimau1] 29/1/2023 21:38

Expecting a bullish trading update this week.

[bazzerp] 10/1/2023 09:07

Thanks for the CKN headsup.
New here.

[qs99] 07/1/2023 08:38

V v muted reaction to CKSN update IMO… more opportunity to buy some more I suppose! DYOR

[qs99] 06/1/2023 08:23

Agreed, have bought a few on the back of the CKN update. Bodes well.

DYOR

[rimau1] 06/1/2023 08:13

You beat me to it CWA1, the outperformance is in the broking division so direct read across to BMS. Bodes very well for our own trading update which ahould arrive early Feb: “ Clarkson PLC, the world's leading provider of integrated shipping services, today announces that following strong trading throughout the final quarter, particularly from the Broking division, results for the year ending 31 December 2022, are now anticipated to be ahead of current market expectations”

[cwa1] 06/1/2023 07:46

CKN seem to be firing on all cylinders, particularly broking:-

https://www.investegate.co.uk/clarkson-plc--ckn-/rns/closed-period-trading-update/202301060700038667L/

[cwa1] 19/12/2022 08:07

https://www.investegate.co.uk/braemar-plc--bms-/rns/braemar-acquires-leading-us-shipbroker/202212190700070788K/

Braemar Plc (LSE: BMS), a leading international shipbroker and provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to announce the strategic acquisition of Southport Maritime Inc. ("Southport") in the USA.



Enhancing the Group's coverage in the Americas has been an important strategic goal of Braemar since the board launched its growth agenda in November 2021. Southport is one of the highest volume US-based shipbroking tanker companies. They are recognised as a leader for crude and refined products in the North American export market, as well as in the Latin American and Caribbean markets.

[1pvh] 19/12/2022 08:05

Going for it!! Hope BMS consolidate for a while now.Look very undervalued

[cwa1] 12/12/2022 07:43

Braemar Launches Greek Corporate Finance Desk Led by Stefanos Fragos

-- Stefanos Fragos (ex-Yieldstreet, DVB Bank) has been appointed Braemar's Head of Corporate Finance in Greece.

-- Fragos and his team will raise debt and equity to support Greek shipowners' growth ambitions and eco investments.

-- The desk is a natural complement to Braemar's Corporate Finance offices in Hamburg, London, and Singapore, and Braemar's S&P and Newbuilding desks

Braemar Plc (LSE: BMS), a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, today announced the expansion of its Corporate Finance desk to Athens, Greece, and the appointment of Stefanos Fragos to spearhead its growth in the region.

Braemar is responding to a clear need in the market from shipowners in Greece and the Mediterranean for expert counsel in the equity and debt capital markets, advisory for mergers, acquisitions, restructuring, and help originating, structuring and delivering tailor-made ship finance solutions.

Amongst several other promising opportunities for 2023, Braemar sees great potential in sourcing capital from Asia and making this available to smaller and medium sized Greek shipowners.

Stefanos Fragos joins Braemar from alternative finance provider Yieldstreet where he ran the Athens office. Prior to that he was a senior banker in DVB Bank's Greek office for more than a decade. Stefanos will work closely with Braemar's Corporate Finance offices in London, Hamburg, and Singapore, as well as its S&P and Newbuilding desks globally.

The arrival of Corporate Finance to Braemar's Athens office is the latest investment in Braemar's ability to meet the need amongst its Greek clients for the highest level of expertise and practical experience. Led by Head of Athens, Dimitris Kyrtsos, Braemar is now able to provide the full range of chartering, shipping investment advisory, and shipping risk advisory directly from Athens to its Greek clients.

Axel Siepmann, Global Head of Corporate Finance, commented, "We have been looking for the right candidate for a long time and we are very grateful that Stefanos has agreed to join our team. Stefanos's skills and professional experience will enable us to immediately promote Braemar's financial advisory service offering in Greece, which combines raising debt and equity capital, but also transaction support and restructuring advice."

Stefanos Fragos, Head of Corporate Finance in Greece , commented, "I am delighted to be joining Braemar's global network of Corporate Finance specialists, and offering Greek owners focused financing and advisory services accretive to their forward-looking aspirations."

[mfhmfh] 06/12/2022 08:52

taking advantage of G7 + Australia sanctions on Russian oil hopefully.

[cwa1] 06/12/2022 07:44

Braemar Recruits New Tanker Desk and Opens Spanish Office

-- Braemar has acquired an experienced 10-strong team with a long history of high performance.
-- The team are specialists in crude, dirty products, clean products, and period chartering.
-- The desk is a strong, synergistic complement to Braemar's tanker desks in London and Geneva

[cwa1] 24/11/2022 10:00

Edison update:-

https://www.edisongroup.com/publication/evidence-of-strategic-success-should-drive-value/31636/

Valuation: DDM confirms 520p/share

In August we materially raised our FY23 and FY24 estimates to reflect the better-than-expected FY22 results, and these interim results confirm the positive underlying conditions and FY23 expectations, which are driven by good markets, strategic progress and the strong US dollar. For FY24, we expect underlying growth but take a cautious view on foreign exchange rates and assume a reversal to rates similar to FY22. Following the interims, we retain our existing forecasts and our dividend discount model (DDM) based valuation of 520p/share.

[cwa1] 24/11/2022 08:04

Investor Presentation

BRAEMAR PLC (LSE: BMS), a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to announce that Nick Stone, Chief Financial Officer and Tris Simmonds, Chief Operating Officer will provide a live presentation relating to Half--year results for the six months ended 31 August 2022 via the Investor Meet Company platform on 28th Nov 2022 at 11:30am GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet BRAEMAR PLC via:

https://www.investormeetcompany.com/braemar-plc/register-investor

Investors who already follow BRAEMAR PLC on the Investor Meet Company platform will automatically be invited.

[tole] 17/11/2022 19:06

https://masterinvestor.co.uk/equities/braemar-totally-wincanton-and-severfield-all-headed-higher/Braemar (LON:BMS) – exposure to growth in global shipping and maritime marketsYesterday's interim results from the number two UK shipbroking group were excellent.They showed a 46% growth in revenues to £69.4m (£47.4m) and a massive 95% improvement in underlying operating profits at £10.9m (£5.6m).What is more the group's balance sheet was strengthened by the swing from net bank debt of £9.3m in February this year to net cash at bank of £1.8m six months later.Earnings per share roe from 7.6p at the halfway stage to 31.8p, enabling a comfortable doubling of the dividend from 2p to 4p per share.Group CEO James Gundy stated that:"It's clear that we've unlocked great potential through our growth strategy, are delivering the performance that I promised our shareholders on my appointment in January 2021 and are well on track to double our profits by 2024. Our growing scale and sectoral diversification mean we are also set for strong performance throughout the business cycle."The outlook for the simplified group remains very positive with it looking forward to the second half of the year with a high degree of confidence in the ongoing execution of its growth strategy.Braemar's growing scale provides diversification across the shipping industry, leaving it set up for continued investment to deliver growth throughout the business cycle.Broker comment came from analyst Ian McInally at Cenkos Securities when rating the shares as a Buy with a 470p a share dividend discounted model price.He is looking for full year to end February 2023 revenues of £127.8m (£101.3m), with underlying pre-tax profits of £19.5m (£8.9m), underlying earnings of 51.3p (27.9p) and a dividend of 11.3p per share against 9.0p previously.The group's shares reacted to the very positive news, gaining 13p on the day to close at 335p.I see an easy rise to 400p, at which level the shares would still only be trading on 7.8 times current year earnings – which even then would be far too low a rating.

[kalai1] 15/11/2022 12:37

Braemar Plc posted Interims for the 6 months ended August 31st this morning reporting continued strong trading and performance materially ahead of original expectations. The Group recorded a 46% increase in reported revenue to £69.4m, a 95% increase in underlying operating profit to £10.9m and statutory PBT at £10.1m. The balance sheet also strengthened with net cash up to £1.8m. Valuation is decent with forward PE ratio around 9.1x, the share price also has positive momentum and is pushing up through 5 year highs this morning. BUY...from WealthOracle

hxxps://wealthoracle.co.uk/detailed-result-full/BMS/617

[1pvh] 15/11/2022 11:23

Company has a great future for shareholders as long as the directors don't take all the profits in share options

[1knocker] 15/11/2022 10:54

Triggered my sell at 335 !! Looked a decent selling price when put in the limit order 6 weeks ago. Does not look so attractive today.
Best of luck to all, though a big pull back to get back in would suit me. Not looking likely on today's news, but in this market I suppose anything is possible.

[edmundshaw] 15/11/2022 10:06

kiwihope, not really. That is all in the past and currently the share price is well behind where the company is at the moment.

[kiwihope] 15/11/2022 09:56

Hi 1pvh,

Share price very nearly a 6-year high. That's enough isn't it?

[1pvh] 15/11/2022 09:02

Maybe the hedging strategy holding the share price. Thought they'd be trading a bit higher this morning

[rimau1] 15/11/2022 07:51

I think Cenkos had 51p but they are still on track to exceed by a fair amount

[cwa1] 15/11/2022 07:51

Research from Cenkos...

https://braemar.com/analyst-research/

Outlook and valuation. The order book was up 10%, $55.5m (FY22: $50.0m), with the outlook for the year positive. We maintain our forecasts following the interim results and the shares trade on attractive multiples with an underlying FY23E PE of just 6.3x and EV/EBITDA of 4.4x, considerably lower than the main listed comparator, Clarkson Plc. With a forecast 11.25p dividend for FY23E, the shares provide a prospective yield of 3.5%. At our DDM valuation of 470p, the shares would trade on 9.2x and 12.0x FY23E and FY24E PEs respectively, still a substantial discount to Clarkson (14.5x PE FY22).

[cwa1] 15/11/2022 07:40

If Carlsberg did results, might they look something like these? :-)

FWIW my notes had the normalised EPS forecast for 2023 as 41.6p as well...

[se81] 15/11/2022 07:34

They're miles ahead aren't they? 31.8p EPS in H1, I'm seeing 41.6p forecast for the FY- is that correct?