Braemar Share Discussion Threads

[philanderer] 24/5/2020 00:07

MIDAS SHARE TIPS: Snap up profits by the tanker load with Breamar - in ships that store the world's surplus oil

[tudes100] 20/5/2020 03:36

Downing comments on their BMS holding...
a. Braemar Shipping – has announced that its shipbroking arm is benefitting from the volatility in tanker rates and activity in shipping finance. Trading is in line with the board’s expectations. The company has £18.8 million of net debt, excluding vendor loan notes of £6.7 million. However, that being said, the company has banking facilities of £40 million, made up of a revolving facility of £35 million and an
accordion facility of £5 million. The group also has access to global cash management arrangements and feels confident these facilities provide sufficient headroom in this Covid world. The new chairman is looking at strategic options for the other divisions and believes there is flexibility in the cost base.
Although there are sufficient banking facilities, if broking goes into a downturn there would likely have to be structural changes in the business.

[kemche] 19/5/2020 11:20

Taken the tiniest smidge - gulp!

[this_is_me] 23/4/2020 08:49

Bought some this morning.

[irenekent] 23/4/2020 08:19

Reassuring statement today ruined by another virtue signalling dumping of the dividend. One day they may wonder where all the shareholders have gone. Wait for the backlash. Don't see any reductions in directors remuneration, stock options incentives, and salaries. Wait for the next AGM and vote as you wish. I know which way I'll be voting.

[tomfoolishly2] 01/4/2020 08:36

With the OP so low, and tanker rates climbing steeply as traders rush to buy oil cheap today in order to store and sell later, is it about to get real busy for a tanker brokerage? That's what BMS do right?

[grahamburn] 03/3/2020 12:12

Depends what plans they have for the dividend - hold or cut?

[pugugly] 03/3/2020 09:50

Just checked datbase
1st looked at 28/10/15. Price 432.25p Market cap £130 M share price now 132/140 - Looks like a disaster zone - OK previous management decimated but cannot see any reason to buy - or do any regular followers suggest otherwise?

[tole] 03/3/2020 09:49

Closed it off in 160's. Only a small forward bet. Was looking for a short term bounce from that level. But that was before the markets properly melted down last week. Although was tempted to buy a few this morning.. but resisted. Price recovering somewhat so far anyway.

[mount teide] 03/3/2020 08:07

Hope it was small Tole!

[tole] 24/2/2020 14:23

Taken quite a hit recently.. I've opened a small position here.

[this_is_me] 14/2/2020 15:06

It looks like the fear of the effect of THE virus on shipping demand is affecting the share price.

[r9505571] 09/12/2019 16:13

Looks like it should pay a tasty dividend. And it's making up some ground!

[grahamburn] 09/12/2019 16:00

Though he was somewhat negative, save for its yield, complaining about the share price not behaving correctly in terms of the industry cycle.

[cwa1] 09/12/2019 15:56

Yes, Ian Cowie covered it in The ST

[r9505571] 09/12/2019 15:46

Why the massive lift in this today? Coverage in The Sunday Times?

[linton5] 28/11/2019 12:15

Very peaceful share this very quiet

[mount teide] 08/11/2019 14:27

Euroclear's latest Stock on Loan(short) Report published yesterday shows BMS with just 0.1% out on loan.

[shalder] 24/10/2019 09:43

Are we trailing a change in dividend? New chairman, new FD, a comment that BMS will now focus on growth and the board will continue to review dividend policy. Sounds like room for maneuver to me.

[onthemarblecliffs] 24/10/2019 09:42

I would agree with you. Business continues to lag peers in margins and its unallocated costs remain far too high. Cash flow was weak in H1. I had hoped they would cut the dividend but suspect the broking profits in H2 are looking good enough to cover it.
BMS needs to appoint a new CEO with industry experience and announce what its strategy is going forwards. A lot of potential here though.

[spooky] 24/10/2019 09:39

Numbers and outlook fine but a pretty sharp deterioration in the balance sheet.

[mount teide] 24/10/2019 09:21

Very modest results - however, 2019 was always likely to be a year of two halves with shipbroking performing materially better in H2 and H1/2020, as a result of a once in fifty year impact on the industry generated by the preparation for and implementation of the IMO 2020 Low Sulphur Fuel Regs.

[stopps] 18/10/2019 14:04

Good buying continuing!

[stopps] 18/10/2019 09:16

£2.21 printed.Appears short of stock!