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BMS Braemar Plc

299.00
6.00 (2.05%)
21 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Braemar Plc LSE:BMS London Ordinary Share GB0000600931 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  6.00 2.05% 299.00 293.00 299.00 299.00 297.00 299.00 20,963 16:35:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Water Transport Svcs, Nec 152.91M 4.6M 0.1396 21.28 97.79M
Braemar Plc is listed in the Water Transport Svcs sector of the London Stock Exchange with ticker BMS. The last closing price for Braemar was 293p. Over the last year, Braemar shares have traded in a share price range of 216.00p to 315.00p.

Braemar currently has 32,924,877 shares in issue. The market capitalisation of Braemar is £97.79 million. Braemar has a price to earnings ratio (PE ratio) of 21.28.

Braemar Share Discussion Threads

Showing 2701 to 2725 of 3325 messages
Chat Pages: Latest  109  108  107  106  105  104  103  102  101  100  99  98  Older
DateSubjectAuthorDiscuss
09/3/2021
18:49
Agree and seems market less upbeat about loss of Chairman and new strategy with 264 going to to current level and no divi to balance - let's see next few months
mayojames
09/3/2021
15:57
pipeline1,

I think the safest thing is to say it's mixed...!

kiwihope
09/3/2021
13:56
Weird tone to the trading update. I can't work out if it's positive or negative.

Needing to "strengthen the balance sheet" sounds ominous but then they state some figures suggesting they're close to their targeted leverage anyway.

They say trading ahead of expectations but then say the exchange rate is going against them and revenue in sterling terms will drop?

Confusing at best

pipeline1
09/3/2021
09:02
The growth plans look promising and by focussing on areas they already are involved in will be less risky. These plans will, however still require investment cash either for organic growth or bolt on acquisitions or both. There is also a serious risk that interest rates will be much higher in a couple of years from now.
this_is_me
09/3/2021
08:50
I never mind when a company aims for lower debt. Leveraging is a once only benefit - at some point you need to stabilise income and expenditure so why not do it at low debt rather than high debt. I think interest rates are on the way up later this year so it might not be such a bad thing to do it now...

I also don't mind delaying dividends. In some ways I would rather the company invest surplus earnings in the core business rather than handing them to shareholders, provided it generates sufficient growth.

kiwihope
09/3/2021
08:38
Wanting to improve the balance sheet: "EBITDA sustainably below 1.5 times on average over the seasonal working capital cycle. Net debt to EBITDA is expected to be [...] on average approximately 2.2 times during the 2020 / 2021 financial year."

"The Board's renewed focus on growth opportunities means that it will continue to review the Group's ability to recommend a dividend as part of its determination of the optimum use of available profits/free cash flow. It will not be recommending a dividend until the balance sheet has been strengthened sufficiently to support the growth ambitions."

Add these together and we get another year without dividends, and of course if they make further expenditure to support growth, and/or acquisitions, that could be extended. Given BMS's weak performance up to 2019 something has to be done, so a growth strategy is to be welcomed. Not sure why they want to deleverage though to this extent...

edmundshaw
09/3/2021
08:12
"...underlying trading performance for the year ended 28 February 2021 will be above market expectations."
this_is_me
05/3/2021
21:26
That is the problem with round figures, particularly at historic resistance or support levels - people sell for no other reason keeping the share price from rising until they are cleared.
this_is_me
05/3/2021
13:36
I sold out today for a less than 3 months 65% gain at my target 250.

There might be more legs on the rise, you can never time the top or bottom exactly.

Will be watching the price action, good luck to holders

haywards26
05/3/2021
12:21
Still going up like a lift.
this_is_me
03/3/2021
09:51
I did not expect my target of £2.50 to be met as quickly as appears will be the case.
haywards26
03/3/2021
09:33
Yes, the share price has now reached a level not seen since 2018.
this_is_me
02/3/2021
17:17
Up we go again :)
haywards26
24/2/2021
16:44
Another big jump today.
this_is_me
19/2/2021
20:04
They didn't have a capital market event last year so they are likely to have things to boast about this year.
this_is_me
19/2/2021
10:36
@Tomps2: Generally I look at these posts trying to ramp a particular investor-oriented website and filter pdq... but this guy has actually got a reaqsonable understanding of the company, and there were some good questions challenging his views. So to my surprise I actually quite liked that link! Cheers...
edmundshaw
19/2/2021
09:44
Braemar Shipping Service (BMS) on the Stockopedia / Piworld February 2021 StockSlam. John Sladden’s thoughts from 23:27.

Video -

Podcast -

tomps2
18/2/2021
12:42
Further strong moves today, it feels like something is brewing here, either news of strong results to be issued next month or something else.

But feels like my 250 may be reached sooner than I expected...

haywards26
16/2/2021
20:07
More interesting is what they might say on the Capital Markets Day. Perhaps some more medium-term ambitions could be set out.

On freight rates, would caveat that BMS isn't particularly exposed to container shipping (was a question asked about this on their last conference call). The LNG tanker rates should have been a net positive but oil tankers will have been pretty slow activity-wise I suspect. However, given the good first half there is some potential for them to beat on 2020 earnings

Eric

pireric
16/2/2021
19:48
Yes, doubled since last May. Trading update 9/3/21. Considering the spike in freight rates from China I am expecting good results despite the virus.
this_is_me
15/2/2021
14:58
A lovely share price movement and great looking chart :)
haywards26
05/2/2021
11:37
I am waiting for divi increases and £2.50 region before considering a sale of shares. I am happy to hold long term. Having said that a profit is a profit :)
haywards26
05/2/2021
11:30
Decided to end my involvement here for the moment.

A profit for a change!

hybrasil
03/2/2021
19:33
Maybe share price dropped as cannot understand why sell half the holding to get some cash from a company that may add real value linger term
mayojames
28/1/2021
12:39
I thought wrongly that that share sale would move the price..However its good news notwithstanding.
hybrasil
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