Braemar Share Discussion Threads

[hpcg] 31/8/2023 16:48

Mystericon - whilst the shares are suspended it is irrelevant. With no action to take there is no point worrying.

[mystericon] 30/8/2023 19:27

The longer the shares remained untradeable the more grounds there are for legitimate concerns among ordinary shareholders that there might be something more seriously amiss. The initial suspension, as many said at the time, seemed drastic for what it was claimed was just a relatively small historical issue of limited potential impact on the company overall. And as the months pass without reinstatement or even any progress reports to try to maintain investor confidence the credibility of the original noticeably vague statement only reduces still further.

[deanowls] 30/8/2023 12:37

The exposure was 3m from over 6 years ago. I’m no auditor or account but surely this could be put as a note that previous years accounts could be restated and make a necessary adjustment?

[alfred] 30/8/2023 11:42

Must be an almighty mess to take this long to sort out. Can't wait to hear all the platitudes, excuses, regrets, blame shifting, resignations.

[cwa1] 30/8/2023 11:08

Indeed, it's very frustrating

[deanowls] 30/8/2023 10:50

Maybe they’ll be back to work next week and look at what’s on the agenda.

Farcical that there hasn’t been an update after so long.

[hpcg] 16/8/2023 08:41

14.3% votes against. Personally I voted to retain them. I welcome an auditor that actually investigates anomalies. I would change my mind if it turns out to have been a work creation scheme.

[alfred] 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.

[hpcg] 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.

[drectly] 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.

[deanowls] 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?

[cwa1] 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!!)?

[deanowls] 17/7/2023 17:30

Really summat 10 years ago and it still can’t be sorted.

Tosh

[cwa1] 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.

[alfred] 12/7/2023 07:57

Binder Hamlyn/BMS management, is this really the best you can do?

[deanowls] 08/7/2023 07:31

One of my better performing shares this week 😂

[edmundshaw] 07/7/2023 16:19

We have a departing FD. This is surely why...

[alfred] 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.

[shalder] 05/7/2023 22:11

Also a fine ex Clarkson man..

[mayojames] 05/7/2023 19:09

Quentin ex senior broker and major private share owner now owning own new broker why ask

[mfhmfh] 05/7/2023 18:57

Who's Quentin Bruce Soanes?

[deadly] 04/7/2023 12:01

Shares suspended since yesterday.

[hpcg] 29/6/2023 13:03

Edit - removed nonsense. The item originated in 2013, not 2017.