Braemar Share Discussion Threads

[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?

[rimau1] 15/11/2022 07:11

Excellent results, and more importantly a confident outlook statement. BMS remains seriously undervalued IMO on a single digit eps.

[cwa1] 14/11/2022 11:00

Not long to wait...

Notice of HY Results

Braemar Plc (LSE: BMS), a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to confirm that it will announce the results for the six months ended 31 August 2022 on 15 November 2022

A presentation for analysts will be held at 10.30 a.m. on 15 November 2022. For those wishing to join, please contact Buchanan at [e-mail] to request the joining details.

[tole] 07/11/2022 19:14

https://masterinvestor.co.uk/equities/braemar-tide-set-to-lift-shipping/

[whittler100] 03/11/2022 18:56

The market seems to like the RNS from BMS this afternoon:

Ten-strong Natural Gas desk will all start work at Braemar in November. The new desk will primarily broke EU gas, UK National Balancing Point (NBP) gas, and LNG, as well as European Union carbon allowances (EUAs)

The desk is a natural complement to Braemar's Securities desks

[tomfoolishly2] 04/10/2022 11:29

https://www.zerohedge.com/commodities/lng-ship-charter-rates-explode-europe-rejiggers-energy-supply-chain

[tole] 03/10/2022 18:00

https://masterinvestor.co.uk/equities/small-cap-catch-up-featuring-zinc-media-avingtrans-bango-and-chamberlin/Braemar (LON:BMS) – strong dollar benefitsIn its Pre-Close Trading Update, issued yesterday, shipbroking group Braemar declared that it continues to benefit from the increased scale and breadth of its broking operations which have achieved significantly higher trading activity and transaction volumes during the Period.The company commented that trading had been very strong with all sectors of the core Shipbroking business generating higher revenue than in the previous six months.Revenue to 31 August 2022 is expected to be not less than £69m (£47m), an increase of 47%, with underlying operating profit for the period not less than £10.5m, an improvement of 88% (£5.6m).The group is a big beneficiary of the stronger dollar and that will feed through the figures this year. It is looking forward to the second half of the year with a high degree of confidence in the ongoing execution of its growth strategy.Analyst Ian McInally at Cenkos Securities has a Buy out on the group's shares, looking for £127.8m (£101.3m) revenues and adjusted pre-tax profits of £19.5m (£8.9m), which would pick earnings up at 51.0p (45.6p) and cover a dividend of 11.3p (9.0p) per share.The shares at the current 285p look seriously undervalued.

[mfhmfh] 30/9/2022 18:45

No share price reaction from yesterday's trading update.

[mfhmfh] 02/9/2022 09:47

hxxps://masterinvestor.co.uk/equities/abc-was-bac-on-yesterdays-performance/

[qs99] 02/9/2022 08:27

off to the races again today.

[cwa1] 30/8/2022 09:32

Investor Presentation

Braemar Shipping Services Plc (LSE: BMS), a leading international shipbroker
and provider of expert advice in shipping investment, chartering and risk
management services, is pleased to announce that James Gundy, CEO and Nick
Stone, CFO will provide a live presentation relating to the
Group's preliminary results for the year ended 28 February 2022 via the
Investor Meet Company platform on 31st Aug 2022 at 11:00am BST.

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 SHIPPING SERVICES PLC via:

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