Todays 6% drop was based on a modest trading volume of less than 100,000 shares. That represents only 0.3% of the shares in issue. There have been no institutional sellers over the past 12 months. |
CKN is up around 38% in the last 6 months whereas BMS is around 7% down over the same length of time. |
No positive impact from CKN and no upside from the shipping market. Typical of the market |
Andi Case, Clarkson’s chief executive, said the business noted “significant upside” in the shipping market as disruption in the Red Sea forces the rerouting of container ships around South Africa and the Cape of Good Hope. Case added: “Disruptions to trade routes in any form pose challenges that reach far beyond the world of shipping. The need for the movement and surety of food, energy and goods is paramount to keeping both businesses and countries moving globally.” The Times 5 March 24
The same factors should also benefit BMS. There should be an update on this in the trading statement due later this month. |
Buoyancy in energy in particular was noteworthy. I'm not sure it will do much for the share price though, small caps are still becalmed or worse by outflows even if there is a constant stream of refreshment from takeovers. Still there also lies the opportunity as this is cheap as chips. what would more directly make a difference is some upward revisions from brokers. Consensus for 2025, according to Stockopedia data, shows no growth. So we need the company to handily beat and ideally prior project its range upwards. |
Great result from Clarkson. Lets see if there is any positive impact on the BMS price as a read over. |
Clarkson's Prelims for potetial read across... |
Well the fertiliser carrier hit by missiles has sunk. I really can't see ships carrying on through unless in an escorted convoy. Either way that just means more coordination and uncertainty when it comes to fixing cargoes. |
The holding RNS yesterday showed we have a transfer of shares between institutions. We know that some were unhappy about the pay policy, and I'm pretty sure some of these generalist funds don't understand shipping, and all the subsectors within that headline name. I possibly should have taken more this week, I have cashed in some non-movers which have relatively done a lot better than some smalls on the end of institution closures and sales. I would expect Clarkson to tell it like it is, which I would think is extremely positive. |
Shareprice has been rather becalmed over the past month. Clarkson results out on Monday so that might provide some comparative guidance for BMS. |
Should see a year end trading update later next month. |
Have to have direct market access to trade this share with the wide spread. |
Bit disappointed with the drop but looking to add as I love the sector. Is it worth paying the premium to go with Clarkson or invest in the potential here…obviously the suspension debacle raises questions about general management. Thoughts ? |
Business must be going gangbusters. I can only imagine that sellers are those that questioned the remuneration. I want to add, but also choose the right time, so holding off for now. |
Another plug for BMS from Master Investor:
"Master Investor subscribers will already know that my shipping services sector favourite stock is the much smaller £99m valued Braemar (LON:BMS), currently 298p, it is favoured by analyst Ian McInally at Cavendish Capital with a 385p Price Objective, which in my view is conservative.
Note that recently another global shipbroking group, Lightship Chartering, has been buying into its equity and rates the BMS shares as being cheaply rated." |
Cheers hpcg. |
FY dividend is paid 9 Feb. Date is within the final results RNS. |
The interim dividend of 4p goes XD on Feb 23rd and is due for payment on April 2nd. The Y/E dividend of 8p went XD on January 3rd. Anyone know when this Y/E dividend is due to be paid ? |
More 'good' news with a tanker boarded in the Red Sea. Multiple sources. |
 Interesting quote in this article from Master Investor:
Braemar (LON:BMS) – Competitor Buying Into The Equity
With the re-routing of trade routes around the Cape of Good Hope, the global shipping market is now reacting to container freight rates rising for the last six weeks in a row, getting back up to the higher levels of October 2022.
It was quite a beneficial share price move on Monday, following the revelation that an ambitious Geneva-based shipbroking company has been putting together a ‘major shareholding’ in the group’s equity.
The new holding notification to the market states that Lightship SA has bought some 1m shares representing 3.04%.
That is said to be good news for players in the shipping sector, including shipbroker Lightship Chartering, which is 51.5% owned by Danish founder and chairman Morten Have.
Sune Fladberg, the private company’s CEO is 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.”
I reckon that the Lightship stake was purchased at around the 290p level, so at last night’s close of 300p, it is already showing its holding is well in the ‘swim’.
After hitting 310.60p on Monday morning, further price rises to trade well into, the 300p to 350p range can be expected within the next few months. |
Especially positive after going ex-dividend (of 8p) last Thursday. |
Good to see BMS heading through £3 again....have bought some more this am, just looks wrongly priced IMO...let's see DYOR and GLA |
One should be invested in both Braemar and Clarkson IMO. Braemar has much greater upside but will be slower to move as it is too small for many investors. Clarkson will gain sooner but has less upside in the medium term. |
Also, WHY does it take a PLC like BMS 4 months to pay a dividend? |
CKSN benefited from consultancy as all the risk areas mean more advice is required on managing risk IMO....DYOR...agree BMS has hardly moved, looks unloved, needs some decent results and confidence in management again to move on...DYOR |
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