Braemar Share Discussion Threads

[haywards26] 31/12/2020 12:30

Indeed.

The interims were strong and comfortably ahead of the prior year comparative, the recovery and incomes will only continue to increase as we come out of the pandemic in the second half of 2021 as the major world economies really spring into life.

In the meantime the increased shipping rates must have a benefit to BMS too.

[rightnellie] 31/12/2020 12:25

Agree - undervalued. Maybe one of the beneficiaries of Brexit. A greater focus on transport to and from many countries not just our local EU

[haywards26] 31/12/2020 12:21

Bought in this morning @ 150 having followed BMS for many years.

Feels to be undervalued given the last results. I look forward to the divi yield and share price appreciation in due course :)

[thirty fifty twenty] 09/12/2020 21:04

hi hybasil

yes i;d agree. the price now at a post covid march 20 low
(i'm conveniently ignoring the spike to 170p in late Sept!)
i was adding then and even my relatviely small purchases seemed to cause a price move.

i see AB in Norway looking strong at 9.3NOK

All IMHO, DYOR + BoL
BMS is in my top5 hldgs

[hybrasil] 09/12/2020 04:08

Surely the current massive increases in shipping rates can only be good for bms?

[petomi] 01/12/2020 09:28

well spotted 305020 I must have a further look with a view to top up

cheers

[thirty fifty twenty] 30/11/2020 15:13

the value of BMS's stake in AB has soared since AB announced results and more recently a acquisition. AB seems to have bedded in the acquisition last year very well and are very confident to achieve 3.5m of cost savings with the new merger. so it is no surprise that the AB share price has risen from c5.5NOK to closer to 10NOK. I think the price has risen not just because of the future profit growth, the merger savings but also size will give them critical mass and the mgt team have obviously spotted a niche in their markets. All of this is excellent news for BMS. their holding of c.19m AB shares and potentially 6m warrants means the quoted stake has a value of c.£20m GBP. of course the share price of AB can go down as well but for my analysis it allows me to net off almost all of BMS debt. which leaves CASH profits of c.12m to c.14m for a MV of 45m. That seems an attractive value investment risk/reward to me.

All IMHO, DYOR + BoL
BMS is in my top5 hldgs

[spooky] 17/11/2020 18:17

Balance sheet explains why they aren't paying a dividend IMO.

[johnjohnjones] 17/11/2020 18:12

Good results, it's true, and as a long-term holder I'm quite satisfied with the performance, but not paying any dividends is going to continue to hold this stock back and will put off many potential buyers. Indeed it'll probably stop me adding to my holding when I've currently got other stocks in my portfolio that are performing well and are also paying a dividend, which is important to this retired person. At least the UK banks have an excuse, and the insurers to some extent, because the Government is forcing them to suspend payments. But Braemar's unwillingness to reward people who are lending it their capital is on them.

[thirty fifty twenty] 17/11/2020 18:07

Moeller have upped their FY fcsts by 10% based on increased global volumes and rates.
They also say they expect the future to be volatile due to CV19
(so no vaccine optimism there then!)

i find the continuing fall in BMS surprising given the recent results and positive sector comments from AB and now Moeller.

Moeller have a conference call tomorrow.

All IMHO, DYOR + BoL
BMS is in my portfolio

[this_is_me] 11/11/2020 07:38

Particularly given the circumstances, this was an excellent set of results. We should soon see the share price up to the 2019 trading range of around £2.

[thirty fifty twenty] 10/11/2020 11:13

fingers crossed for tomorrow!

looks like buyers still trying to get hold of stock today before the results tomorrow.it is very tightly held so if there is good news , i;d expect a significant move - of course the same applies to the downside - LOl!!

All IMHO, DYOR + BoL
BMS is in my top5 hldgs

[this_is_me] 10/11/2020 07:41

That looks like a good joint venture fit.

[thirty fifty twenty] 09/11/2020 16:31

oops many thanks for correcting

[grahamburn] 09/11/2020 15:18

Think results are Wednesday.

[thirty fifty twenty] 09/11/2020 10:11

fingers crossed for tomorrow!

looks like buyers trying to get hold of stock today before the results tomorrow.it is very tightly held so if there is good news , i;d expect a significant move - of course the same applies to the downside - LOl!!

All IMHO, DYOR + BoL
BMS is in my top5 hldgs

[thirty fifty twenty] 03/11/2020 13:14

i was very encouraged by the Q3 results from AB the other day. their biz is growing and they confident of future progress and still benefitting from the merger. They are also very big into renewable growth. Most interesting they have 15m of CASH and are paying a divi (i think c.4m a year)
so that is 1m into BMS bank account from the divi but also i think under pins the value of the holding (currently c.10m at market prices). To me this is a big comfort on BMS 20m of debt. but also it shows that activities connected to shipping are still doing ok despite any worries re global trade slowdown.
the fall in BSM price is a slight worry but i remain hopeful in the CASH generating abilities of the business and new mgt team with hopefully a re-rating to follow in due course.

All IMHO, DYOR + BoL
BMS is in my top5 hldgs

[danieldruff2] 30/10/2020 16:50

I took the loss on this one a few weeks ago after 11 years of on/off holding. It used to be a reliable performer, never thought it would struggle so much after its merger with ACMG, which was another fave of mine back in the day.

[edmundshaw] 30/10/2020 16:47

Not looking so good now... shipping is up and down like a yoyo recently, not helping I guess.

[danieldruff2] 30/10/2020 16:46

Thinly traded stock

[pec2004] 30/10/2020 16:30

Any non covid reason this looks like it is heading back to a £1?

[hybrasil] 05/10/2020 20:18

Think I’m going to buy more again tomorrow

It’s looking good

[hybrasil] 02/10/2020 18:43

It’s good to see substantial trade today at these levels

[spooky] 01/10/2020 09:13

It could but the balance sheet isn't great. What was previous management thinking.