Braemar Share Discussion Threads

[edmundshaw] 25/8/2017 20:37

Excellent read MT. Good to hear the point of view of Slater's experience - "wisdom" as it used to be called. I think we all knew that the boys in pinstripes have been playing very naive games with very large amounts of other peoples money. It happens cyclically anyway, and of course has been exacerbated by QE. But great news that a bear thinks we will be resolving by 2020.

I have personally been waiting over a decade to get back into shipping investments; I hope I have not arrived more than a bit too early to the party...

[speedsgh] 25/8/2017 14:13

MT - Many thanks. My other half's business has several clients in the shipping industry so may be of interest to her. Much appreciated.

[speedsgh] 25/8/2017 11:02

Many thanks, MT. Are you able to post a link to the source of the article? TIA

[profdoc] 25/8/2017 10:17

Thank you MT - very useful stuff

[8w] 24/8/2017 20:46

Excellent posts MT. Thanks

[shalder] 24/8/2017 20:15

Many thanks for that post MT. Should be required reading for investors interested in the shipping markets.

[neilyb675] 17/8/2017 06:56

Great posts✔

[mount teide] 16/8/2017 23:06

Missed the boat with the BDI still more than 91% below its 2008 high? Hmmmmmm

Considering where the industry is today with respect to the shipping cycle - if I put £100k into BMS tomorrow and did't look at the share price for 5 years - i would bet serious money i would be much more likely to have a huge smile on my face in 5 years time than a grimace/scowl.


The shipping sector is barely into the first year of a tentative recovery after a brutal nine year recession, which has wiped out most quoted shipping companies or reduced their market cap to a tiny fraction of a decade ago. Shipping cycles generally see 5 or more years of recovery following a bust but, where the recession has been longer than average and plunged record depths as in this case, the recovery or boom phase can often be longer.

During the 2000 to 2007 shipping industry recovery phase of the previous shipping cycle, my Clarksons investment went up ten fold.

AIMHO/DYOR

[dan_the_epic] 16/8/2017 23:05

Agree though in my watchlist basket this isn't now at the top. If I owned, say 20 stocks, then sure, this would be in.

For now comfortable with my two recent additions of CCT and ALU, and if I'm lucky enough that this dips back again, then probably this too.

[edmundshaw] 16/8/2017 22:46

Seems likely that sooner or later this will recover to £4 to £4.50 (or better with a good southerly wind). Not missed the boat yet... in my view.

Of course shorter term it could drop again, perfect timing is impossible without a good slice of luck. And the timing of the full upside is similarly hard to predict. Just have to buy when you think it's cheap and wait...

[dan_the_epic] 16/8/2017 21:32

and I've missed the boat. Shame as was thinking this was a good turnaround play. Inactivity has been my downfall with this.

[edmundshaw] 16/8/2017 11:14

Mixed numbers from shipping, tankers still weak, but yes the Clarksea and BDI looking good at the moment. And more activity in demolition than newbuilds is probably no bad thing longer term...

[speedsgh] 16/8/2017 10:40

No doubt some +ve read across from Clarkson's recent Interim Results too...

[mount teide] 16/8/2017 10:31

The Baltic Dry Index which is nearly 50% up from the recent July low seems to be providing BMS with some gentle tail winds.

[mount teide] 06/8/2017 09:49

In the Euroclear Short Report for the End of July 2017, there were no disclosable positions(greater than 0.5%).

The non disclosable positions fell from 0.80% in June to 0.44% in July.

[edmundshaw] 13/7/2017 13:43

Seems a mixed picture across the various regions and ship sizes. Good to see demolition is still going on at a good pace...

[edmundshaw] 22/6/2017 16:41

No comments? Things looking up from the trading statement, lots of positives in the AGM statement.

Although they say outlook is unchanged, I wonder if this is a cautious assessment at this stage.

[melody9999] 10/6/2017 10:08

impending exit from the ftse small cap index?

[neilyb675] 06/6/2017 07:52

Ex div 29th June (5p).

Div payment 28th July.

[deadly] 02/6/2017 15:52

Trump effect? Don't know why though, not likely to affect the shipping market.