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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 3101 to 3124 of 3325 messages
Chat Pages: 133  132  131  130  129  128  127  126  125  124  123  122  Older
DateSubjectAuthorDiscuss
14/11/2023
10:29
Good news. Let's hope it's onwards and upwards from here.
1pvh
14/11/2023
07:35
Publication of FY23 Results



The Group confirms that it will announce its audited final results for the year ended 28 February 2023 ("FY23") and publish its 2023 Annual Report and Accounts on Thursday,16 November 2023.



Previous FY23 guidance remains unchanged, with revenue of £152.9m (FY22: £101.3m) and underlying operating profit of £20.1m (FY22: £10.1m).



The board intends to reconvene the Annual General Meeting of the Company on Monday, 18 December 2023, where a final dividend for FY23 of 8.0 pence per share (FY22: 7.0 pence) will be proposed. Total dividends in respect of FY23 will be 12.0 pence per share, a 33% increase over the previous year (FY22: 9.0 pence).



The Group will seek a restoration of trading in its ordinary shares on the London Stock Exchange following the publication of the FY23 results and filing of the 2023 Annual Report and Accounts.



Publication of H1 FY24 Results



The Group will announce its results for the six months ended 31 August 2023 on Wednesday, 29 November 2023. In line with previous guidance, underlying operating profit (excluding foreign exchange movements) for H1 FY24 is expected to be not less than £7.0m (H1 FY23: £8.9m, excluding foreign exchange movements).



The board remains confident in the outlook for the second half of the current financial year and, in line with the Group's stated progressive dividend policy, expects to recommend an interim dividend of not less than 4.0 pence per share.



Results Roadshow and Online Presentations



Given the proximity of these results announcements, the Company will host a combined results roadshow, commencing with an online analyst briefing on Wednesday, 29 November 2023 at 10.30am. Please contact the team at Buchanan via braemar@buchanan.uk.com for further details.



The Company is also hosting an online investor presentation with Q&A on Friday, 1 December 2023, commencing at 1pm. To participate, please register with PI World at

cwa1
14/11/2023
01:04
So here we are, mid November. The Braemar Board said two weeks ago that everything was dandy after their last missed deadline, that they needed another two weeks just to sort a few bits out.

So here we are. Yet another missed deadline, and still no real info about the past 4 months, no sign of the accounts being published, no request to register the stock, no nothing.

undermanager1
13/11/2023
15:29
I don't agree with you Clarkey1880. Yes of course the macro picture is important to a cyclical stock such as Braemar, but the share price had moved so far away from a sensible rating that it is only going to respond to what caused the share suspension in the short term.

Take a look at the Cavendish numbers (which already reflect some shipping market slowdown for 2024) and you see a forward p/e of 6.7x with a yield of 4.5% and net cash of £13m. That looks low enough to reflect any shipping downturn.

So all I am saying is that any fall on a lifting of the suspension will be because the market doesn't like what it hears about the prior year accounting issues and any resulting impact on current profitability. If by some miracle management has plausible explanations, then I would predict a healthy bounce in the share price.

redwing1
12/11/2023
14:20
“ i wouldn't worry about the shipping market backdrop”

Erm, redwing, i ABSOLUTELY would worry about both the shipping market and macro backdrop - as these elements have not been priced in during the suspension.

IE this stock will open BEARISH and will hoof off, holders of the stock will brick it and sell, causing more bear moves to bring in in line to market levels for a firm of this nature

clarkey1880
11/11/2023
08:33
I wouldn't worry about the shipping market backdrop, as this is all about what has delayed the Braemar accounts. If it is bad then all bets are off and it certainly should be something serious to take this much time, but if not the shares should rally.

It beggars belief to see the way management has handled this situation. No where near enough information provided and an aloof and arrogant approach towards shareholders that doesn't reflect at all well.

redwing1
10/11/2023
18:45
Friends - i was banging on about the macro effect to braemar thats coming to negatively pressure the share price.

One other thing to add to that macro woe is EU ETS - this means dramatically inflated shipping costs, most likely to cause disruption and drop in transaction liquidity.

The horizon for BMS is stormy… if this wasnt suspended have been priced in - yes.

Will this be bearish if / when it re lists - yes.

I was reminded of a similar story to bms - stobart…

clarkey1880
05/11/2023
23:53
That is a fair comment, Dan. That said, it is kinda reflected in the multiple you are paying at 218p.
catabrit
05/11/2023
21:51
Genuinely, for me there isnt enough value in shorting it. But i suspect it will fall aignificantly when re-listed.

Imo, if the management were any good (i think theyre all terribly out of their depth’s) then the company should initiate a buyback, when it thunders off after being re listed and hold for long play. But they won’t, because theyre clueless.

Ps thanks for the ship owner note - i always assumed it was a depreciation tax write off game

clarkey1880
05/11/2023
20:33
I totally agree.
dan_the_epic
05/11/2023
19:34
Gotcha ok. I thought you were trying to draw a parallel with bms not being effected by Maersk cuts - which i fully expect it will, given the macro reasoning behind the Maersk cuts.

Without question the global macro picture is slowing - this will mean less demand for shipping, across the pie.

Bloomberg 6 days ago : “ If the oil market offers clues about the state of the economy, it’s through the prism of two petroleum products: diesel and naphtha. And in Europe, the news is bleak.”



So thats maersk calling the end of the party on dry, bloomberg calling a drop in wet and petchem. Thats just charter.

Then s&p - as i said financing is impossible atm, although i guess it could be bolstered by firesale - but again, bms would have to be strong to win those and i’m not sure theyre great on s&p.

I’m moving to guilts and buyout / turnaround funds myself.

Thoughts welcome

clarkey1880
05/11/2023
19:09
Sorry Clarkey, it might be because I was not very clear. With the real estate advisory firms like Savills and CBRE they are obviously correlated to global GDP. They’re correlated to markets and what is happening in certain sub sectors. A big chunk of their revenue is transaction based. However, many of them have diversified into more recurring revenue streams that is less cyclical and more resilient. A lot of people forget that. So sometimes they see that the office sector is struggling or capital markets in general and they sell. They tend not to appreciate that the revenue stack has changed and for the better I might add.

The point was made in relation to someone pointing at one segment of shipping and ignoring the rest. Now I am not saying the rest is good or resilient. Instead I am saying you have to take the whole pie into account I.e. how are the other segments of the wider shipping industry performing.

That’s all.

I hope that is clearer?

For the record, I am not espousing that those other sectors are performing better. Someone else more knowledgeable can debate that.

I am just saying, don’t extrapolate from one slice of the pie.

catabrit
05/11/2023
17:02
Catabrit - i don’t understand your savills or cbre comparison.

Maersk own ships, so your savills analogy doesn’t work. Maersk is making layoffs because the global economy is faltering.

Global slowdown effects all lines of bms’ shipping business, container, dry, wet, dirty, clean, chem, energy.

Did you see recently the demand for naphtha and other feedstocks in EU has dropped because of inflationary pressure and global slowdown? Ie less chem being shipped…

If global trade demand is off due to inflation, fixtures will drop across all shipping sectors, meaning less deals for bms to win, shipping rates drop, so deals completed drop in value. S&p will get hammered because of interest rates and credit on debt. Etc etc.

Add in a shift in the strength of USD now vs gbp (last year bms outperformed based purely on currency difference at the end of the year).

Tell me i’m wrong, g’wan

clarkey1880
05/11/2023
14:39
Totally agree and anyway BMS exposure notgreat.More important container lines react quickly to cargo flows and new tech as margins so small.A broker like BMS are linked to longterm charter rates and new build / S&P so really not imminent factor.Lets see what next few weeks bring but am relaxed.
mayojames
05/11/2023
10:57
Could not agree more HPCG. People always seem to confuse shipping with containers. Shipping is so much broader than that. BMS goes to pains to explain this in all the presentations. It is like associating Savills or CBRE with offices or residential. Yes that it is a part of their business but it’s not ‘all’ of their business. Most brokers, particularly the listed ones, diversify to avoid exposure to any one vertical.
catabrit
05/11/2023
10:52
Containers aren't shipping. Clean and dirty tanker rates are high, dry bulk average, gas carrier rates are decent and the Panama canal is restricted because of lack of water. Looks like a pretty good environment for BMS to me. The risk on move in the markets will certainly be helpful, so based on what we know I'd expect a decent up move when this trades.
hpcg
05/11/2023
06:52
I've assumed for a while that my shares are worthless and the company is effectively bankrupt, despite the occasionally public announcement. Nothing the Board does is open to any scrutiny - how they have gotten away with that is anyone's guess. No real information has been forthcoming over the events of the last 4 months. The occasional "isn't everything fabulous in the shipping business" announcments by the Board aren't supported by facts; the post-covid shipping boom is well and truly over and companies like shipping Maersk are currently making massive layoffs. I'm really surprised that the major shareholders, and their shareholders, haven't kicked up more a fuss than they have!! Oh well. I only had a few thousand shares as they were in my 'higher risk' band of Holdings. Thank the Lord for a diversified portfolio!! Onwards and upwards .....
undermanager1
30/10/2023
14:48
Must be (i sense it in your messages) frustrating to have 20,000 shares held up, especially given bearish market conditions overall, now the market has returned from the summer.

What am i saying ! No, i'm sure this one'll be the counter to the overall FTSE drops! A unicorn perhaps ! ... Of course it will ! keep praying and i'll pray for you too.

Perhaps someone will write you an off book option, so you can mitigate some of your risk around this ...................

clarkey1880
29/10/2023
22:08
Hi no reply
mayojames
29/10/2023
22:07
Hi no reply
mayojames
29/10/2023
19:23
Hi Clarkey1880
I believed in the spread to a marine services model but they bought companies but did not manage the team or integrate them so the problem might be linked
I have plus 20000 shares - you seem to challenge others how many shares do you hold

mayojames
29/10/2023
17:20
Isn’t it lovely to see all of braemar’s corporate brokers now coming out singing the songs and beating the drums.

Tell me positive vibers, how much equity do you actually own?

clarkey1880
29/10/2023
13:10
https://masterinvestor.co.uk/equities/small-cap-catch-up-digging-reading-shipping-and-more/Braemar (LON:BMS) – Getting Ready For Some Cheap Stock With the way that the market is moving currently, on something of a switchback ride, it is probably best that there is yet another delay in the publishing of the accounts of this shipping services group. The company yesterday announced that the independent internal investigation has now been completed, however the resulting actions relating to the historic transactions identified in the investigation have taken slightly longer to implement than previously anticipated. That means that the company now expects to publish its final FY23 results in the middle of next month, with the FY24 interims shortly thereafter. The good news is that the Board expects to seek a restoration of the group's listing after the publication of the FY23 results. The group provides expert investment, chartering, and risk management advice that enables its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy. The 2023 results are expected to show revenues of £150m (£101.3m), while underlying operating profit is expected to double to over £20.0m (£10.1m). The shares were suspended at 233p in late June, after having hit 320p in February this year. I remain a big fan of this company, its Management and its prospects, so I will be very pleased to see a resumption of dealings in its equity. When the shares do get their quote back again, I feel that nimble investors may well be able to take swift advantage of the price action, especially when 'locked-in' holders rapidly retrieve their values by selling upon the re-quote. That would certainly be a very good time to jump in for a few, looking for a quick turn.
tole
27/10/2023
14:36
undermanager1

I do not think the any of the current Board were in place when the issues apparently arose in 2013.

I would presume that, in accordance with Stock Exchange requirements but subject to any potential criminal investigations, a full disclosure of the circumstances will be announced.

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

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