Braemar Share Discussion Threads

[fangorn2] 14/9/2011 12:25

I was also looking at Hellenic Carriers, which similarly seem to be struggling.

Interesting to see that the Baltic Dry index has been climbing on a regular basis since late feb this year(when it was c 1000)

Holding off a purchase in the hope it both cheapens and we see some evidence that this profits warning was a one off..

[philo124] 14/9/2011 07:37

Riv, ex holder also but still look at them.
WIAL- the sort of "problem" one dorsn't need in this trading environment.

[what is a login ?] 14/9/2011 07:10

The problem for the investor is to determine whether the profit warning is a "one off" or whether the trend of diminishing profit will continue.

[rivaldo] 13/9/2011 08:34

Indeed. I'm an ex-holder, but BMS was high on my watchlist, so I was very surprised to see such a hefty warning. Charles Stanley have slashed forecasts by 30%, so I assume that's around 30p-33p EPS? One to revisit later in the year methinks:



"Shares of Braemar Shipping Services nosedived 56p to 351.5p on a profits warning.

The company said that sales and purchase activities in shipbroking have been hurt by subdued freight rates and delayed deliveries and income from these activities will be 18 per cent lower than last year. Peter Ashworth at Charles Stanley Securities slashed his full-year 2012 profit forecast by 30 per cent to £10m."

[philo124] 12/9/2011 07:44

It's a shame.

[wskill] 12/9/2011 07:39

Not too bad the update but in todays markets we will not do well pity the profit warning was not kept for another day.

[marben100] 23/8/2011 12:41

I guess this story may be troubling the market for BMS's shares:

"The head of the world's largest shipping market has expressed concern over the behaviour of one of the world's biggest shipping companies after China's Cosco apparently reneged on contracts with several shipowners worldwide amid a sharp market downturn.

Jeremy Penn, chief executive of London's Baltic Exchange, spoke after several Cosco ships were reportedly arrested – ordered not to leave port – when angry shipowners and other creditors won court orders to have ships seized as collateral against unpaid fees. Such ships are often quickly released, since insurers generally provide assurances to courts about shipping companies' ability to pay any damages awarded...

...Short-term, spot-market charter rates for Capesize bulk carriers, the largest kind, which were as high as $46,284 a day in late October, stand at only $16,631, even after a sharp rally in rates last week. Rates, which were buoyed at the height of the pre-2008 boom by China's growing demand for coal, iron ore and other dry bulk commodities, have been depressed by the delivery of large numbers of ships ordered during the boom...."

However, considering BMS's performance during the 2008/9 downturn, I'm not bovvered. ;0) ISTM that whether ships are in over- or under-supply, BMS can continue to generate fees - either by helping shipowners find cargoes (or buyers for their excess vessels) in the former case, or by finding scarce capacity in the latter one.

I don't see the dividend being under threat, so added to my holding late last week. A near 7% yield seems very tasty. May add more if the price goes lower.

Cheers,

Mark

[davydoo] 23/8/2011 10:25

I've been buying yesterday and today. I held these sometime ago, and very pleased to get back in at this price. Also pleased to see such a quiet board.

As I mainly invest in small AIM stocks this is an ideal ISA stock for me.

[rogerbridge] 05/8/2011 14:46

Bought in today. Excellent write upp in Money Week.

[rogerbridge] 05/8/2011 14:46

Bought in today. Excellent write upp in Money Week.

[fangorn2] 20/7/2011 23:16

HCL boards seem deathly quiet.



Last post Feb this year.

Any latest pertinent info? IMS statements?
Have had a quick glance, off to bed, as up early tomorrow collecting the old man from the airport. And I mean early.

What are the main attractions in your view? Chaars

[eelanguilla] 20/7/2011 22:49

try hcl :)

[fangorn2] 20/7/2011 22:28

When Fear Creates Value -

This small cap shipping company's valuation factors in too much fear.

There must be something wrong with a company valued at just seven times its recent average annual free cash-flow, which has no debt, net cash on the balance sheet and yields close to 6%.Well seemingly not at Braemar Shipping Services (LSE: BMS), the small cap ship-broker and provider of support services for ship-owners, shipbuilders and the energy industry.

[robcoo] 14/7/2011 06:46

yespmedc

I've just read your message of 10 July. It's very helpful- thank you for taking the trouble to post it

[wskill] 08/7/2011 09:40

Yep rec email back from roger lawson this morning .

[marben100] 08/7/2011 02:18

davydoo,

AFAIK the LSE gathers no data that informs on short sales. They simply know that a certain party executed a trade at a certain price. They don't even know whether it was a buy or sell (this is inferred - but not always accurately - by comparing the trade price against the bid/offer price). Also worth bearing in mind that every trade is always a "buy" AND a "sell": someone must have bought any stock that is sold, though the opposite side of a trade might be a market maker (but isn't always).

However, this organisation: does maintain information on short interests by gathering stock lending data from investment banks - nothing to do with the exchange.


Thanks for joining! The more members we have, the more influential we can be. If there's anything you want us to do or if you have any comments - or can help, volunteers are always especially welcome! - please post on our private "members' network" (new members will receive an invitation to join the network soon after joining but there may be a short delay before you receive that).

Cheers,

Mark

[davydoo] 07/7/2011 22:47

Thanks marben, I have joined sharesoc.org, think I heard someone on the David kuo, motley fool podcast from there making a good case for the small investor getting more engaged. Will take some time to look into the societies work further.

[wskill] 07/7/2011 22:20

Joined your org marben100 hopefully they will take the LSE to task over the lack of shorting information buys and sells are seen by all but shorts distort the picture and all shorting info should be seen by everyone.

[marben100] 07/7/2011 16:14

IG Markets

FYI my organisation: www.sharesoc.org is in talks with the LSE about making DMA more accessible to retail investors (which should result in improvements to the spread in more illquid stocks)... watch this space!

If you support our aims, please join us!

Mark

[davydoo] 07/7/2011 14:38

Marben I have level2 so can see trades, but i presume you have direct Market access if you can place a trade like that, do you mind saying who you use? Tia

[marben100] 07/7/2011 14:04

wskill, they're not trades, just traders (prob. MMs) moving their prices around. BMS is thinly traded. [I have L2 so can see a=exactly what's going on].

Hmmm... with that wide spread, think I'll put a buy order in myself, above the bid. ;0) There, that's narrowed the spread slightly, with an MM leapfrogging me.

[wskill] 07/7/2011 12:56

Very lively today constant changing of streamimg prices must be computer driven I assume each movement is some sort of electronic trade BMS moves as much as some ftse companies on streaming.

[spob] 30/6/2011 09:22

BMS ex dividend yesterday

[davidosh] 25/6/2011 23:53

There is a very good write up of the recent AGM if you are interested at the ShareSoc AGM forums website...



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