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BMS Braemar Plc

295.50
3.50 (1.20%)
17 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
  3.50 1.20% 295.50 291.00 300.00 295.00 294.00 294.00 37,712 16:35:04
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Water Transport Svcs, Nec 152.91M 4.6M 0.1396 21.13 97.13M
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 292p. Over the last year, Braemar shares have traded in a share price range of 216.00p to 310.00p.

Braemar currently has 32,925,000 shares in issue. The market capitalisation of Braemar is £97.13 million. Braemar has a price to earnings ratio (PE ratio) of 21.13.

Braemar Share Discussion Threads

Showing 3126 to 3149 of 3300 messages
Chat Pages: 132  131  130  129  128  127  126  125  124  123  122  121  Older
DateSubjectAuthorDiscuss
21/11/2023
08:26
Not true, bought in 3 x £3k blocks between 8am and 8.01am. Highest paid £2.43. But who cares Dan?! Good luck all.
rimau1
21/11/2023
08:23
Well, it's a smaller initial bounce than I'd hoped for but it's a start. Let's see what the coming days bring. Good luck all.
hyden
21/11/2023
08:07
you only doubled up at 237 if your holding is like 500 shares or something otherwise there was no liquidity
dan_the_epic
21/11/2023
08:04
Well i doubled up at £2.37 on the bell. I'm a long term fan. if anything else we missed a 10% market move over the past week based on Clarkson and my model suggests BMS should be at least £2.94 to trade in line with forward net assets (even in a difficult 2024 market)
rimau1
21/11/2023
07:59
For any interested persons, I've found the actual text of the ruling:



It relates to historical activity between Jan and Mar 2022. The ruling was issued in August 2023 so I am not sure why this has only surfaced now. It is not, imo, a widespread compliance issue but rather a failure of a small number of individuals, possibly two or three. It is embarrassing and looks poor but I don't consider it a problem.

hyden
21/11/2023
07:41
Indeed...eyes down...
cwa1
21/11/2023
07:33
Restored to trading.
hpcg
21/11/2023
07:30
From the above:-

The charges follow an NFA review of Braemar’s FFA desk activity for the first three months of 2022.
The regulator has accepted a settlement offer submitted by Braemar Securities, which is categorised by the regulator as an introducing broker for freight forward agreements (FFAs). The firm has neither admitted nor denied the allegations but agreed to pay the fine. TradeWinds has contacted the company for further comment.

Fine was $140,000

cwa1
20/11/2023
09:47
Report now published so if not today I would think tomorrow. Tomorrow makes more sense than mid session IMO.
hpcg
20/11/2023
08:15
No, the shares will relist once the annual reports and accounts are filed with Companies House. The uncertainty is around the historical unsettled commissions payable, for which a £2m provision has been made. The actual payment(s), if and when due, could ultimately be lower, maybe zero, or even a lot higher. The figure of £2m is simply a 'best guess' but will have been signed off by the auditors so we should at least take comfort from that.
I am a little disgruntled that the shares have not been relisted today - there is no excuse imo - but I will just have to be patient a little while longer.

hyden
20/11/2023
07:27
After c£2.5m of costs regarding the investigation they still say,

"As the ultimate potential obligations and outcomes in relation to the transactions subject to the internal independent investigation are uncertain, there remains a risk that the final outcomes could materially impact the recognised balance. It is impracticable to provide sensitivity estimates of potential downside variances at this time."

Perhaps the shares have to remain suspended until such time they have a better grip on the final outcome? Apparently, c£2.5m of costs regarding the investigation are insufficient to buy such clarity.

typo56
18/11/2023
00:52
redwing - agree. These are audited accounts where the files for the CT600 should be ready to go. We can all check on companies house of course (no, they haven't been filed yet). In any case investors are starting to look through a period of economic weakness ongoing and for the next 6 months with smaller caps being bid in the US and here.
hpcg
17/11/2023
16:23
No, I think the resumption of share trading will likely be some time early next week, Graham. I think the filing can be made faster in circumstances like these.
redwing1
17/11/2023
15:25
It's fairly clear and straightforward from this paragraph in the RNS on 14 November:

"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."

Filing usually occurs a couple of weeks or so after the announcement of the results.

So.....early/mid December, depending on:

- when filing occurs
- when the company seeks a restoration
- how long the LSE takes to respond

grahamburn
17/11/2023
12:56
Yes indeed. They request a resumption from the listing authority, they can't just name a date themselves.
hpcg
17/11/2023
11:10
Are you sure hpcg? I would have thought the company would have to request a date for trading to resume and usually they have very good idea of when that will be? They requested the suspension so surely it’s for them to request a resumption seeing as the issue has been resolved?
warranty
17/11/2023
01:10
directly - The company isn't in control of when trading restarts so it can't give a time line. It will either be today or Monday so it really doesn't make much difference.
hpcg
16/11/2023
18:00
Hyden, that makes perfect sense, but why does the company not include in it's statement a simple outline of what it is doing and anticipated timelines. A board telling shareholders what they have too, rather than treating them as company owners and telling them what they can, (which I know none do regards small holders, they just brief plus nod and a wink to the major holders).
Anyway, a day or two and it should be back to normal trading.

drectly
16/11/2023
17:51
I expect the company's accounts will have been filed with Companies House today, which means they can now apply to have the suspension lifted. The shares will potentially resume trading from 8.00am tomorrow, or Monday latest. I will otherwise be surprised as there is no reason for the shares to remain suspended. The company has already said as much:

"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."

I rather think the outlook is bright and I shall continue to hold. The dividend yield on my purchase is now just over 5.25% and that is good enough for me.

hyden
16/11/2023
17:26
Probably the most significant piece of information to most shareholders, when do they have the option to sell or buy more shares, what is the value of their holding (market price); management do not seem to have given an explanation of the date for dealings to start again. As previously, my opinion of management remains regards this suspension, they have to improve signifinantly to be p*ss poor.
A long term holder as a small part of a portfolio who would now like to exit if shares at fair value, due to management. A pity as this should be a successful business long term based on actual recent performance.

drectly
16/11/2023
17:04
Yes, it’s strange that there’s no mention of when the company expects the shares to restart trading. Hopefully it will be soon?
warranty
16/11/2023
10:18
No reason not to restart trading tomorrow that I can see. But no announcement on that score...
edmundshaw
16/11/2023
09:34
There’s investor calls in two weeks. I look forward to seeing those questions raised guys.
deanowls
16/11/2023
08:30
When will these start trading.?
lancasterbomber
Chat Pages: 132  131  130  129  128  127  126  125  124  123  122  121  Older

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