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BMS Braemar Plc

301.50
1.50 (0.50%)
24 May 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
  1.50 0.50% 301.50 299.00 304.00 303.00 303.00 303.00 174,174 16:35:11
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Water Transport Svcs, Nec 152.91M 4.6M 0.1396 21.70 99.76M
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 300p. Over the last year, Braemar shares have traded in a share price range of 216.00p to 315.00p.

Braemar currently has 32,925,000 shares in issue. The market capitalisation of Braemar is £99.76 million. Braemar has a price to earnings ratio (PE ratio) of 21.70.

Braemar Share Discussion Threads

Showing 3026 to 3048 of 3325 messages
Chat Pages: 133  132  131  130  129  128  127  126  125  124  123  122  Older
DateSubjectAuthorDiscuss
15/8/2023
17:35
Are the auditors {BDO Binder Hamlyn) behind this farce? if they are they'll need a very good explanation to avoid being fired.
alfred
15/8/2023
14:46
I can only presume because it was so long ago that they have to restate a number of results. That said August is one of the worst times of the year to get anything done.
hpcg
15/8/2023
14:27
What ever the issue is, it is hard to understand why a few people with at least basic ability could not have sorted this by now. it is what it is, they do not have to go back in time and change things, just state the facts and publish the figures.
drectly
15/8/2023
14:11
Another month on and a strange statement from the AGM where they don’t recognize some votes because they haven’t spoken with the company. If this was such a small issue why is it taking so long?
deanowls
01/8/2023
14:42
Appointment of Group Chief Financial Officer

Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to confirm further to the Company's announcement of 20 June 2023 that Grant Foley has been appointed as Group Chief Financial Officer with effect from today.

cwa1
31/7/2023
14:39
Anyone prepared to take a wild guess at how long this might take to resolve? Days? Weeks? Months? Longer(surely not!!)?
cwa1
17/7/2023
17:30
Really summat 10 years ago and it still can’t be sorted.

Tosh

deanowls
17/7/2023
16:00
The AGM will be held at 10:00 a.m. on Wednesday, 9 August 2023 at the offices of the Company at One Strand, Trafalgar Square, London, WC2N 5HR. The AGM notice will be available on the Company's website (www.braemar.com) and, together with the form of proxy for the AGM, will be submitted to the National Storage Mechanism and will shortly be available for inspection at: Copies of these documents have also been posted today to shareholders that have elected to continue to receive hard copies.

As detailed in an announcement on 26 June 2023, due to an ongoing investigation into a historic transaction originating in 2013, the Company has not yet published the financial results for the year ended 28 February 2023. As a result, the Company has been unable to publish the 2023 annual report and accounts together with the notice of AGM. Given that the Company is required to hold an AGM each year within six months of its financial year end, the Company's 2023 AGM will be held on 9 August 2023, however, it is expected that this meeting will only deal with the resolutions that do not relate to the 2023 annual report and accounts. An adjourned AGM will then be reconvened at such date and time as will be notified to shareholders as soon as possible once the Company's 2023 annual report and accounts are made available.

cwa1
12/7/2023
07:57
Binder Hamlyn/BMS management, is this really the best you can do?
alfred
08/7/2023
07:31
One of my better performing shares this week 😂
deanowls
07/7/2023
16:19
We have a departing FD. This is surely why...
edmundshaw
06/7/2023
07:55
This is a shambles and the long winded resolution of the problem is not doing the company's reputation any good at all. The management have been shamefully vague about the nature of the problem. What are the auditors - Binder Hamlyn - doing? If the difficulties on assessing the true position are insurmountable they should have issued a qualified audit report not just act with obdurate disconcern. It should never have got to the point where the shares needed to be suspended. Just dismal.
alfred
05/7/2023
22:11
Also a fine ex Clarkson man..
shalder
05/7/2023
19:09
Quentin ex senior broker and major private share owner now owning own new broker why ask
mayojames
05/7/2023
18:57
Who's Quentin Bruce Soanes?
mfhmfh
04/7/2023
12:01
Shares suspended since yesterday.
deadly
29/6/2023
13:03
Edit - removed nonsense. The item originated in 2013, not 2017.
hpcg
29/6/2023
10:51
Yeah but hardly any move in the bid at all and that’s what matters!

Assuming the findings are towards the low end of worst case imagination scenarios, I can see this bouncing back to north of 280p quite quickly. It will take a little while for the smell to go but it will.

As a contra, it’s worth reading what la-Barone has written about Braemar over on LSE. It seems like he has some sort of agenda / beef with the company so you’ve got to bake that in, but it’s worth reading nonetheless.

catabrit
29/6/2023
10:47
NIce to see some uplift...
qs99
28/6/2023
13:08
I was in last week on RNS, looks over sold for all reasons you say Catabrit. I'll await it coming back from suspension.

DX Group showed how over zealous auditors can hammer a stock, suspension etc, without anything material actually being wrong in the business!

DYOR

qs99
28/6/2023
12:29
Catabrit - several of the ship building sectors have a shortage, bar containers which is under way to a significant surplus. It is doubtful if many more crude carriers will be built. Sanctions create opportunity, and so does the removal of sanctions. Emissions standards create sales, and simple fleet age does the same.

There is no new AI applicable to ship broking or valuation. The unit counts are tiny and attributes are equally limited. One would have been able deploy AI in this sense for at least 15 year, so I imagine somebody already has. People are acting like AI is new when it is only the very large language models and generative AI that are significantly different from a year ago. In any case ship owning is an area requiring a lot of skill, experience and foresight.

I'm struggling to find a case for the downside here to match the decline in the equity valuation. Like you I can get as far as a fine, but that would be a one off. I can definitely 'endure' a closed liquidity period, seriously which equity investor can't? There isn't going to be anyone trading this.

hpcg
28/6/2023
09:07
This is a pretty simple, highly cash generative broking business. We’re now at circa £65m EV or whatever it is vs £20m of underlying cash flow. I get why people are spooked - where there’s smoke, there’s fire etc - and I don’t blame them for wanting to pause or sell at all.

But I also think this is a good buy for those who don’t mind accepting a bit of uncertainty. Even if you deduct the cash as a fine or whatever, it’s still cheap.

I am concerned about the macro and how sensitive the shipping industry is to it just because of past cycles and my ignorance of the sector. I mean pretty much every shipping company I’ve had on my watchlist the last year or so is down meaningfully despite the allure of looking cheap. That always worries me.

I’m also worried about what impact AI has on shipping. I get that broking is very relationship-driven and I think that creates a barrier to entry. But I do wonder.

Either way, it’s now 3 and a bit underlying and even if you cyclically-adjust that, it’s still attractive and I see little downside considering the clean balance sheet and capital light model. If there’s a downturn, they’ll just cut staff so we won’t get screwed on negative operating leverage etc.

I like it. But then I liked it at 300p!

catabrit
26/6/2023
09:46
Be interesting maybe around lunch time when all these "calls" have gone in from brokers, instis, shareholders etc and whether we see any buying.

The amount just looks too small and historic to be an issue IMO/DYOR etc. Let's see.

qs99
Chat Pages: 133  132  131  130  129  128  127  126  125  124  123  122  Older

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