Braemar Share Discussion Threads

[poleaxe] 27/4/2017 12:38

Lets hope so because i definitely over bought going down.

[svenice7] 27/4/2017 07:02

We all know this is worth £5, it was way oversold.

[edmundshaw] 26/4/2017 22:18

VLCC rates firmed 17% to $31k as of 21/4.

ref: hxxps://sin.clarksons.net/market/details/49000

[warranty] 26/4/2017 18:28

Good rise again today, let's hope things are now looking up along with the share price and the forthcoming results are positive.

[neilyb675] 13/4/2017 22:00

good posts

[mount teide] 13/4/2017 18:23

Edmund - the strong rise in VLCC rates this week from a seasonal low has only brought rates back to around the current average for 2017. Average rates for 2016 were some $10,000 higher - so the current rise is not only sustainable but has the potential for further upside since the VLCC fleet is broadly similar in size to last year, but demand is forecast at 2-3% higher for 2017.

A highly useful free site for current and historical vessel charter rate data covering all the major vessel types, along with some very useful shipping sector reports - is available from Clarksons at the following link:

hxxps://sin.clarksons.net/Home

[edmundshaw] 13/4/2017 18:04

OK, I missed one! Thanks MT. BDI up around 1300 now, VLCC rates up to $22,000 on Tuesday. Is that sustainable?

[mount teide] 13/4/2017 17:15

BDI tripling from last summers lows will undoubtably have helped but, with Braemar's shipbroking weighted more to the oil tanker sector, the remarkable 50% increase this week in VLCC charter rates may well be the most significant catalyst for the increased volume.

[edmundshaw] 13/4/2017 15:49

Various possibilities. Could be pre-holiday or buyback regime or new ISA allowances or results soon or better BDI heading further upwards or some combination of those... I don't feel like guessing!

[shalder] 13/4/2017 14:15

Firm tone to the share price today on good volume, possible run up to results?

[edmundshaw] 04/4/2017 14:07

Recent news seems better. The BDI hopped back over 1200 a week or two back for the first time since last November, container markets seem to have improved recently, and there is less capacity in the container market. I guess it will take time to filter through to BMS earnings, but looking rosier...

[edmundshaw] 13/3/2017 07:51

Clarksons results today: down but not badly so. Their outlook:

In the short-term at least, shipping markets seem most likely to remain challenging whilst current difficult market conditions and an unusually opaque global macro-economic environment persist, but there are now a number of indicators of improvement in the industry via measurable, if as yet relatively modest, demand growth and a slowing in the new capacity reaching the market.

[betman] 27/2/2017 08:38

Yes I had seen the Director deals, they are relativelty small but at least in the right direction. I am a big fan of directors having "skin in the game". The aggregate holdings are reasonable but more aggressive director buying would be very good to see
I guess these are going to drift around until the full year results in May.

[betman] 24/2/2017 10:00

Gretel thanks for that
With reduced final divi I make the current yield at 5.38% ( 14p/260p) which is very good when compounded up over years. I guess one risk is further cuts in divi if profits continue falling. Your numbers show the very opposite so I hope they are the more accurate reflection on the future
It would be nice to see a share price low which is above the previous one at 235p so there is a definite trend change on the chart
One thing that does concern me is the relative BMS performance vs other shipping businesses Ocean Wilsons OCN and Clarkson CKN

[neilyb675] 24/2/2017 07:19

IIs adding

[gretel1921] 23/2/2017 22:55

Year Ending

Revenue (£m)

Pre-tax (£m)

EPS

P/E

PEG

EPS Grth.

Div

Yield

Good luck betman.
Having only just bought in
I see it as an income share for now.
Quite happy if the share price stays steady
at around current levels.
Recovery would be a bonus

[betman] 23/2/2017 10:46

Gretel thanks for all the data, could I be a pain and just ask what the heading of each column is
I am new to BMS so would appreciate your views on the business going forward. My take is that with upgrades to Worldwide GDP growth I see these as a recovery share

[gretel1921] 21/2/2017 21:59

Div Yield 9.7% 5.3%
Div Cover 1.3 1.3
Op Mrgn 6.5% 5.5%
ROCE 33.3%


2012-02-29 133.47 9.79 39.05p 9.9 -0.4 -27% 26.00p 6.8%
2013-02-28 139.68 9.65 34.47p 11.2 -1.0 -12% 26.00p 6.8%
2014-02-28 125.53 8.96 33.51p 15.2 -5.4 -3% 26.00p 5.1%
2015-02-28 145.60 5.13 32.28p 14.3 -3.9 -4% 26.00p 5.7%
2016-02-29 159.12 9.93 34.70p 12.1 1.6 7% 26.00p 6.2%

2017-02-28 138.52 2.98 7.65p 35.7 -0.5 -78% 14.00p 5.2%
2018-02-28 139.41 7.65 18.45p 14.5 0.1 141% 14.25p 5.3%
2019-02-28 144.80 8.50 19.33p 13.4 2.8 5% 15.33p 5.7%

[neilyb675] 01/2/2017 06:06

definitely re-assuring seeing all these managers buying their own company

[speedsgh] 31/1/2017 10:30

Director / PDMR Shareholding -

David Moorhouse (Chairman) bought £124k at 252p on 30/1

[speedsgh] 30/1/2017 15:49

Director / PDMR Shareholding -

NED Alastair Farley bought £49.5k at 247.5p on 27/1

[phillis] 26/1/2017 19:47

Yes of course
I know that - you don't take the obvious point
This is that their report of 8 months ago was in a very short time completely off beam
What value the latest one?

I know Edison
I have employed them - when they were a start up operation
They are the Southend United of the Premier League

[grahamburn] 26/1/2017 18:53

Phillis.

Your reference to Edison's analysis from 8 months ago is a little out of date. Edison has done a couple of reports since then as well as one (which has been referred to on here yesterday) following the recent statement:

[phillis] 26/1/2017 17:28

I spoke to the Company re the definition of an "appropriately covered dividend" and was guided that in time this would be in the range of 1.2/1.5x
So if a 14p dividend is covered 1.2x then eps would need to be 16.8p

This would require profits attributable to shareholders of £5m +

EDIT
Oh and BTW this is the Edison research from 8 months ago