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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 3176 to 3199 of 3325 messages
Chat Pages: 133  132  131  130  129  128  127  126  125  124  123  122  Older
DateSubjectAuthorDiscuss
15/12/2023
12:34
Great summary Harry Davis, cheers.

Newly tipped here too FYI (subscription only):



"Braemar – a recovery Buy?...

By HotStockRockets | Friday 15 December 2023

Shares in company describing itself as “a leading provider of expert investment, chartering and risk management advice to the shipping and energy markets”, Braemar (BMS) had recovered to above 300p as recently as June this year and reached 340p last year, before in July this year the shares were suspended on an investigation of a historical transaction. They though returned from suspension last month and we suggest now have further recovery potential from a 280p offer price.

etc"

rivaldo
11/12/2023
20:08
Excellent analysis Harry very informative. Please keep up the good work
1pvh
10/12/2023
10:07
I would also mention Clarkson is a buy as well. It benefits from the same trends as Braemar and as the market leader may see funds inflow sooner.
hpcg
10/12/2023
07:51
Shortrun factor but the Houthis are now saying this weekend that they are banning the passage of any ships that look like they are going to Israel through the Suez. We are going to see more ships being diverted around the Cape of Good Hope to avoid any risk of conflict which may turn out to be further good news for shipping rates and shipbrokers as travel times lengthen and ship availability falls
harry davis
08/12/2023
08:55
@Studentinvestor13, thank you

@essential, read the "The growth agenda continues" part of my review in the link above

harry davis
08/12/2023
08:47
Profits and eps over the next 2 years are declining?
essential
07/12/2023
18:01
I've completed reading the entire piece. That is a cracking piece of work Harry.
studentinvestor13
07/12/2023
16:45
Hot off the tape, just published 1 minute ago

Braemar PLC: Setting Sail to Sweeter Seas

CEO Gundy has positioned Braemar for sustainable growth. Shipping conditions are buoyant and 7x PE will prove too low. My 12 month fair value target is 475p, 75% total return (70% capital, 5% dividend yield)

See my long and detailed dissertation which was the culmination of many hours of work. You can sign up for my substack for any future updates

harry davis
07/12/2023
11:32
I have accelerated my plan and I will publish my substack tonight
harry davis
07/12/2023
10:51
Edison updated forecasts
harry davis
04/12/2023
11:52
Braemar (BMS) FY23 & H1 24 Results presentation - December 23

Braemar CEO, James Gundy, CFO, Grant Foley and COO, Tris Simmonds present results for Full Year 2023 and H1 2024, followed by Q&A.

Watch the video here:

Or listen to the podcast here:

tomps2
02/12/2023
18:33
The presentation was reassuring and encouraging going forwards. All 3 executive directors were fluent, coherent and on top of their roles. I shall be retaining my considerable holdings for the foreseeable future.

I had one little niggle - which I have had with previous presentations.

James Gundy is dynamic, motivational and clear thinking with definitive plans. He confirmed this during the time he was speaking. However, when the others were speaking he seemed disinterested, bored and fidgety - leaning back, stretching his legs out, looking around the room, running his hand through his hair etc etc.

This was somewhat distracting and discourteous to his fellow directors. He needs to brush up on his overt "concentration" skills next time.

grahamburn
02/12/2023
09:07
Another positive indicator for BMS.

Baltic Exchange Dry Index

The Baltic Exchange's main sea freight index, which measures the cost of shipping goods worldwide, was up for a 7th consecutive day on Friday, hitting a fresh high since May 2022, and extending a 101% gain for the November month, amid mounting supply of tonnage and cargo demand. The capesize index, which tracks vessels typically transporting 150,000-tonne cargoes such as iron ore and coal, surged 10.8% to 6,237 points; and the panamax index, which tracks ships that usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, rose 5.5% to 2,341 points. Among smaller vessels, the supramax index advanced 4.5% to 1,489 points.

masurenguy
01/12/2023
20:05
For those that invested the time, the presentation today was very interesting. They were very confident in the shipping outlook. I asked about the rapidly growing securities business and they tacitly agreed with my suggestion it could get towards £50mln of revenues in the next 5 to 7 years from £20mln they look to get to this year and £3mln 3 years ago. Stay tuned for my long written piece within the next fortnight.
harry davis
01/12/2023
18:24
Absolutely ridiculous. Amateurs
deanowls
01/12/2023
14:44
You have to laugh...or cry...

Braemar Plc (LSE: BMS), a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets, announces the following clarification regarding the payment date of the FY24 interim dividend.



The interim dividend of 4.0 pence per ordinary share will be paid on 2 April 2024 for all shares on the register on 23 February 2024. The last date for Dividend Reinvestment Plan ("DRIP") elections will be 8 March 2024. The DRIP is provided by Equiniti Financial Services Limited. The DRIP enables the Company's shareholders to elect to have their cash dividend payments used to purchase the Company's shares. More information can be found at www.shareview.co.uk/info/drip.

cwa1
29/11/2023
15:29
They have to get AGM approval for the final dividend which will go ex dividend in early January and then come back with the interim dividend after that in February so 12p of ex dividends coming in the next 2.5 months

The Baltic Dry Index is up to 1.5 year highs today and has been flying... wait until the structural tanker shortage story comes into 2024 view :^)

harry davis
29/11/2023
15:25
They need to look more at the fact it’s five months on from half year. Why the wait?
deanowls
29/11/2023
14:39
That's poor form imo. The Finance team seems to be scoring a lot of unnecessary own goals. And Company Secretariat should also have checked imo, not to mention the PR team. They need to double down and work to restore market confidence and avoid such silly mistakes in future. Rant over, sorry :-)
hyden
29/11/2023
11:12
Reckon the dividend payment date is incorrect as 29 March is Good Friday.
grahamburn
29/11/2023
07:47
I have eps of 42p for FY24 and a net cash position of £13m trading on 7x FY24 and 6x FY25. Too cheap
rimau1
29/11/2023
07:33
Which fine fellow downvoted me! I am on the Braemar side but 2024 is more to look forward to than today

Cavendish today

Following the very recent (delayed) FY23 results on 16 November [download], we have not made any changes to forecasts following these interim results. We had been expecting an increase in operating costs following the expansion of the business operations (acquisition and teams added) and believe our current forecasts are conservative.

£151m of revenue and 38p of EPS

as I expected the weak dry cargo market was in the first half but smart folk will be looking at the baltic dry index which has been soaring right on cue from the second half which means cavendish forecasts look too low
hxxps://tradingeconomics.com/commodity/baltic

harry davis
29/11/2023
07:08
Takeaways
- Revenue growth better than anticipated at +8% to £74.9m
- Operating profit on a constant currency basis slightly better than the trading update at £7.5m vs the at least £7m talked about. On a reported currency basis £6.7m
- Underlying EPS 17.43p in the first half
- Prior year acquisitions performing ahead of revenue expectations
- Trading well in the second half so far

On track to deliver market expectations for the current year (Edison a good barometer) and £18m sustainably from FY25. My best guess is it pares back towards 275p today.

Eric

pireric
28/11/2023
18:22
I would suggest that there is not too much to be excited about tomorrow because the first half profit numbers will be down on last year like Braemar have told us many times already as they invest for future growth so £7m excluding currency movements is down a few million on last year. I would posit that any dip is to be bought as they reiterate £18m next year



I wrote this on Clarkson

--- The China stimulus package and what is happening in the panama canal (look it up!) is causing a big improvement in time charter rates. Look at the Baltic Dry Index last week and since September. Containerships is the weak area and that will stay the same next year, but tanker and dry cargo are great places to be and they are much bigger share of seaborne trade

Clarkson et al. are going to have a good next 12-18 months. I would position long the shipbrokers for the foreseeable future.

If anything happens to the Suez Canal trade route then shipping rates could completely skyrocket. I hope that does not happen for inflation's sake but the market is blissfully unaware of what could happen. ---



2024 will be a good year and I expect this to hit £4 then. I am writing up a big long piece on Braemar that I will publish on my substack within the next 3 weeks at maximum. It is already at 1500 words and it will be much longer than that. I am very positive on 2024. I am lower than broker average forecasts this year but higher over the next few years

I will post the link here but if you would like to get the email notification when my Braemar dissertation publishes you may join the email list

harry davis
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