Braemar Share Discussion Threads

[sailing john] 02/11/2009 15:40

BDI up another 82 today to 3185 - good momentum - might be enough for 4000? in a couple of weeks
SJ

[qs9] 31/10/2009 17:25

Hopefully IR show is still attracting followers in the city, IMO this is the value play vs CKN/ACMG./FSJ as it has such a good net cash / yield and underlying earnings at a IMO ludicrously cheap valuation!

[go with the flow] 30/10/2009 17:22

Excellent chart considering general market conditions.
Still holding after surprisingly bullish statement.
Flow

[sailing john] 30/10/2009 14:04

BDI looking strong - +90 to 3103 today

[owenski] 30/10/2009 12:49

Not a fan of share mags but was written as a buy in IC.
Seems to be clearing 400, vol low though, either way this isn't a share I lose sleep over. Income share for me.
Regards

[qs9] 30/10/2009 10:21

Better jump on board those that aren't here!

[investinggarden] 29/10/2009 12:12

Braemar weathers the storm

[qs9] 29/10/2009 07:57

Hopefully given a raging buy in Shares today...

[phillis] 28/10/2009 14:48

excellent SIPP material

[fat_boy] 28/10/2009 14:47

Still holding. Still expecting 500p+ by Year End.

[qs9] 28/10/2009 11:26

Either way, nice to see blue on the screen at BMS, hopefully they and IR team can drum up city / institutional support...

[sambessey] 28/10/2009 09:33

The only thing that I don't like is that I have heard reports that there is lots of new capacity coming into the shipping market by way of completed vessels, and may create a lot of slack in the market (Will try and find an article). However, one of the reasons I am in is that BMS only makes a small amount of its total revenues from actual shipbroking/ shipping rates.

Still cheap in its sector, and will add below 400p.

[qs9] 28/10/2009 09:05

daniel stewart look as though they have upgrade IMO from Barclays site which is encouraging....

[phillis] 28/10/2009 08:40

from Tempus:

Braemar

The first half of 2009 could have been a complete disaster for Braemar, the shipping company. The downturn dragged down the shipping market around the world, with rates down and the value of vessels reduced. In that context, a 28.6 per cent drop in first-half profits, reported yesterday, is not quite the disaster it seems, because the comparison is with pre-crisis figures.

China's appetite for iron ore from Brazil and Australia, which is likely to continue because of the Chinese Government's stimulus package for infrastructure projects, should help to keep afloat the core business of broking ships to carry commodities.

As long as infrastructure in some international ports cannot cope with the volumes of international trade, there will continue to be ships with cargo that have to wait to enter the more antiquated ports, lengthening the contracts that Braemar negotiates.

Logistics and technical support, relatively small parts of the business, have become increasingly important as worldwide trade falters. Margins have risen to 76 per cent, from 71 per cent, after careful control of costs, and the shipping broker is sitting on net cash of £11.1 million.

Raising the dividend to 8¾p, from 8½p, indicates a management bullish about prospects. If full-year results bring a similar rise, the shares, now at 8.5 times expected full-year earnings, start to look attractive.

[qs9] 28/10/2009 07:52

All agreed, actually added some more....Buffet (did you see that last night, not bad programme) would like this stock IMO!

[cockneyrebel] 27/10/2009 20:01

34p in divi to be had here over the next 54 weeks.

CR

[cockneyrebel] 27/10/2009 19:17

Vessel glut is good for Braemar's business



CR

[grigor] 27/10/2009 18:34

Hearne declares 'we have a solid platform from which to continue to build as markets gradually recover'.

[go with the flow] 27/10/2009 17:13

SJ
On your last paragraph - Warren would be proud of you ;o)

Very content BMS investor.
Flow

[sailing john] 27/10/2009 16:22

Unfortunately most of the Google Alert headlines quote the 28% fall in profit from H1 2008 rather than the better than expected profit for the current six months and the positive outlook. I guess it will take a few days/weeks before the commentators/analysts start to report. Hopefully they will be able to distill the blindingly obvious.

Actually I'm not really that bothered what happens to the price in the short term as I'm not looking to sell in the next 12 months. But it does make you feel better seeing a nice big fat paper profit. As I have said before I'm very happy to take my 6% dividend - mostly in my ISA

SJ

[cockneyrebel] 27/10/2009 11:44

I watched that last night sailing john - very good.

Loved the quote about borrowing:

"If you're smart you don't need to borrow and if you're stupid you shouldn't be borrowing anyway" :-)

Very apt with BMS cash and lack of debt.

Some tonka selling here I guess but that has to clear at some point and then there will be a scrambe to buy I suspect - cracking results imo.

CR

[phillis] 27/10/2009 08:57

pretty solid in the circs, nice one for ISA/SIPP

[qs9] 27/10/2009 08:34

haha, agreed. Keep going BMS, you'll get your recognition soon!