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Braemar Plc (BMS) Share Price

BMS Braemar Plc

294.00

4.00 (1.38%)

04 Oct 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	Shares Traded	Last Trade
	4.00	1.38%	294.00	195,264	16:29:26

Bid Price		Offer Price	High Price	Low Price	Open Price
288.00		294.00	297.00	292.00	292.00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Water Transport Svcs, Nec	152.91M	4.6M	0.1396	21.06	95.48M

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
16:35:11	UT	38,247	294.00	GBX

Related Shares
Clarkson (CKN), Ocean Wilsons (holdings)... (OCN), Mercantile Ports & Logis... (MPL), Esken (ESKN)

Braemar (BMS) Latest News

Braemar News

Date	Time	Source	Headline
30/9/2024	13:11	UK RNS	Braemar PLC Total Voting Rights
19/9/2024	12:10	ALNC	Braemar shares rise as trades in line with expectations
19/9/2024	07:00	UK RNS	Braemar PLC HY25 Trading Update
02/9/2024	14:34	UK RNS	Braemar PLC Total Voting Rights
16/8/2024	07:00	UK RNS	Braemar PLC Appointment of sole corporate broker
14/8/2024	13:13	UK RNS	Braemar PLC Block Listing Six Monthly Return
08/8/2024	17:01	UK RNS	Braemar PLC Director/PDMR Shareholding
06/8/2024	14:12	UK RNS	Braemar PLC Holding(s) in Company
31/7/2024	11:29	UK RNS	Braemar PLC Total Voting Rights
09/7/2024	16:49	UK RNS	Braemar PLC Director/PDMR Shareholding

More Braemar News

Braemar Investors Braemar Takeover Rumours

Braemar (BMS) Discussions and Chat

Braemar Forums and Chat

Date	Time	Title	Posts
26/9/2024	10:18	BMS with Charts & News	3,218
14/3/2016	09:16	Braemar Shipping Services	3
28/5/2015	17:16	BRAEMAR SEASCOPE	117
17/1/2014	08:22	* Braemar Seascope *	13

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Braemar (BMS) Top Chat Posts

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Posted at 06/10/2024 09:20 by Braemar Daily Update Braemar Plc is listed in the Water Transport Svcs, Nec sector of the London Stock Exchange with ticker BMS. The last closing price for Braemar was 290p. Braemar currently has 32,924,877 shares in issue. The market capitalisation of Braemar is £96,799,138. Braemar has a price to earnings ratio (PE ratio) of 21.06. This morning BMS shares opened at 292p Read Full Thread Reply
Posted at 26/9/2024 10:18 by rivaldo Updated commentary from Master Investor FYI: "Braemar (LON:BMS) – Confident And Resilient Outlook This morning’s Trading Update for the six months to end-August, from the provider of expert investment, chartering, and risk management advice to the shipping and energy markets, declared that that the group had continued to trade well and in line with expectations. The group expects that its first-half revenues will be broadly steady at £75m, while net cash has increased fractionally to £3.3m (£3.1m). It is confident in the outlook for the remainder of the financial year and beyond, as it continues to benefit from its increasingly resilient and focused growth strategy. The group’s forward order book continued to be strong at $80.9m ($67.2m). We should be seeing the actual Interim Results being reported in the middle of November. Indications are that the market is looking to the current year revenues of £153.2m, with operating profit of £18.1m. Analyst Damian Brewer at Canaccord Genuity rates the group’s shares as a Buy, with a 410p Price Objective. He is looking for the current year to end February 2025 to show adjusted pre-tax profits of £15.8m (£16.1m), with earnings of 32.3p (34.2p) and an increased dividend of 13.2p (13.0p per share. The undervalued group’s shares are currently trading at around the 292p level and continue to hold strong attractions." Read Full Thread Reply
Posted at 19/9/2024 07:20 by rivaldo Today's H1 update shows BMS trading nicely in line, and with a £3.3m cash pile and an order book up 20% on H1 last year. Above all, the outlook is confident for this year "and beyond". Canaccord have retained their Buy and 410p target this morning, with a 32.3p EPS forecast, and summarise: "Outlook We think prospects are supportive. Maritime markets are volatile, but we see increasing evidence that an upward part of a ‘super cycle’ has started: This offers support to commissions and FOB prospects (especially on sale/purchase). Braemar has large and growing elements of what is effectively (in our view) ARR in its revenue stream through to 2039 as charters (whether tankers, offshore service vessels, gas carriers, car transporters or bulk carriers) are multi-year - and it gets paid each day they are under charter. We also see support from the trend of longer duration charters – as charterers seek to secure capacity. Advice on new builds can generally deliver multi-year revenue streams and sale & purchase is an area of strong FOB growth for Braemar. To us, this implies more tightly supplied markets, longer-term higher rates for some products and greater value in accessing a broker such as Braemar. This suggests a structurally supportive environment where we think market upside will amplify the self-help and company-driven growth strategy at Braemar. BUY with 410p target Multiple catch-up overdue We believe Braemar investors are set to benefit from a turnaround in business perception. We think Braemar shares offer scope to: 1) close the multiple gaps with peers; 2) generate potential upside from self-help profit compounding (organic and M&A investment); and 3) benefit from sector segment multiple expansion in anticipation of a super cycle. We see scope to reach 410p as the multiple gap with peer Clarkson is eliminated as EPS quality and RoE improve." Read Full Thread Reply
Posted at 28/8/2024 09:03 by rivaldo Canaccord have this morning initiated coverage of BMS, with a Buy and a 410p target. The 34 page research note is headed "All aboard for the 'super cycle'. Read Full Thread Reply
Posted at 31/7/2024 13:52 by masurenguy Expected this to increase at a greater rate given the current shipping issues. Clarksons are up nearly 30% over the past 4 months while BMS are slightly lagging with only a 20% rise. Read Full Thread Reply
Posted at 04/7/2024 19:45 by tole https://masterinvestor.co.uk/equities/small-cap-catch-up-braemar-hunting-and-loungers/Braemar (LON:BMS) Totally Lacklustre AGM StatementThis group, which is one of favourites, is a leading provider of expert investment, chartering, and risk management advice to the shipping and energy markets. It offers services that enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping and energy.The group's experienced brokers work in tandem with specialist professionals to form teams tailored to its customers' needs, and provide an integrated service supported by a collaborative culture.In late May when announcing its Final Results for the year to end February, it reported another strong performance for the group, demonstrating its strategy to grow the business, to build its resilience, and to generate sustainable shareholder returns across the shipping cycle.The company stated that FY25 had started well, entering the year with a total forward order book as at 29th February 2024 of $82.6m (FY23: $56.2m).It also noted that it looked forward to continuing the successful execution of its growth strategy, through hiring talented individuals, geographic expansion and making selective acquisitions, while at all times maintaining a strong focus on cost efficiencies and improving operating margins, as the business continues to scale.CEO James Gundy stated that:"The overall market outlook remains positive. Geo-political and natural events, as well as environmental considerations are leading to longer voyage times, and global seaborne trade continues to grow, while the total fleet size remains at similar levels."After the recent results, analyst Ian McInally, at Cavendish Capital Markets, increased his Buy note Price Objective to 392p, concluding that:"We believe our forecasts are conservative and the shares look good value at current levels, trading on just 6.7x FY25E underlying EPS."He commented that the worldwide fleet remains low by historic levels and seaborne trade continues to grow, providing a positive outlook for the business, notwithstanding normal cyclical movements in individual shipping sectors.For the year to end February 2025 he is going for £154.7m (£152.8m) revenues, with adjusted pre-tax profits of an unchanged £16.1m, but with earnings increasing to 38.1p (34.1p), enabling a dividend of 14.0p (13.0p) per share.Yesterday the group held its AGM after having issued a totally feeble Trading Update which said almost nothing, it read:"Further to the update provided in the FY24 results announcement issued on 23 May 2024, the board is pleased to report that the Group has continued to trade well and that performance in FY25 to date is in line with expectation.The Group remains focused on its stated growth strategy and the board looks to the year ahead and beyond with confidence."Despite that 'nothing' of an Update I still like this £90m capitalised group and consider that its shares at 297p each are undervalued. Read Full Thread Reply
Posted at 16/5/2024 08:40 by rivaldo Newly tipped on Master Investor, primarily referring to the Houthi rebel attacks in the Red Sea pushing up shipping rates: Extracts: "However, the ongoing stress created in re-routing shipping around the Cape has seen costs increasing for both the shipping companies and their customers. That is when companies like Clarkson (LON:CKN) and Braemar (LON:BMS) become extremely important advisors and agents. Volatility and uncertainty in shipping markets is usually positive for shipbrokers. Clarkson stated at its AGM on Thursday of last week that it had made a positive start to the year, helping its clients to navigate the ongoing complexities and disruptions to global trade, by providing the expertise, data and insights to enable them to make the right decisions for their organisations. For both groups their Forward Order Books must have seen some good uplift, the benefit from which will become evident in the second half of this year. Rapidly rising freight rates suggest that fears of delayed goods have kicked off the peak season early this year. Shippers fear major delays on goods due to new supply chain disruptions. This has jump-started the peak season and sent spot rates soaring. Elsewhere there are reports that the market for buying and selling second-hand dry bulk carriers is in the top 20% of the price development since 2000, while for tankers it is in the top 10%. The past six months have seen significant price increases for used dry cargo ships and tankers. However, I now really suggest that investors should keep their eyes on the shares of my favourite shipping services group." "In the last few months, a couple of the group’s competitors have been acquiring stakes in the company – the Peter Dohle Group and Lightship Chartering, both declaring just over 3.0% holdings in the BMS equity. The group should be announcing its 2024 results, which are not expected to see any surprises, before the end of this month. At this stage expectations for the current year to end February 2025, are for £150.2m of revenues and £15.8m pre-tax profits, generating nearly 47p per share in earnings and easily covering an estimated 14.0p in dividend. Last night the shares closed at 295p at which level they are trading on a miniscule 6.3 times prospective price-to-earnings ratio, while yielding a very healthy 4.7%. I believe that they will soon be trading at levels far higher than on 8th January and I have confidence in my aim of early-May at 350p." Read Full Thread Reply
Posted at 15/5/2024 15:10 by mount teide Must be pleasing for shareholders that BMS looks to have finally secured a management team with the knowledge, experience and talent, to potentially deliver growth capable of challenging global market leader Clarkson. Been a long time coming for its long suffering shareholders, who have been rewarded for their loyalty since the previous shipping market cycle bottom in 2000, with just a 72% share-price increase from 169p to 292p. Whereas Clarkson, has generated 49 fold (4,923%) of capital growth since 2000 as a result of a shareprice increase from 82p to 4,050p. In addition, the stock has returned 10+ fold in dividends ........for a total 31% CAGR for shareholders over the last 24 years. At the current stage of this latest shipping market cycle, BMS' mix of shipbroking business, looks like it may have the potential to deliver a performance over the likely 3 years or so left of this latest shipping market cycle recovery/boom stage, capable of taking out the stock's circa 600p all time high price. AIMHO/DYOR Declaration: a shipping industry professional who has held Clarkson since 1999, other than for a brief 18 month period during 2007/8. Read Full Thread Reply
Posted at 07/5/2024 20:21 by tole https://masterinvestor.co.uk/equities/who-are-the-two-competitors-buying-into-braemars-equity/Who Are The Two Competitors Buying Into Braemar's Equity?By Mark Watson-Mitchell 07 May 2024 5 mins. to readWho Are The Two Competitors Buying Into Braemar's Equity?It could prove to be excellent timing for the latest declared buyer of equity in my favourite shipping services group Braemar (LON:BMS). Later this week its larger competitor, the £1.23bn capitalised Clarkson (LON:CKN), will be holding its AGM, so we will, no doubt, get an update on life within the sector. Second Shipping Sector Group Buys In I noticed that another shipping services group has recently been putting together a declared stake in Braemar's equity. On Friday afternoon last week, it was declared that Minna Invest GmbH from Hamburg, Germany had put together a 992,398 shareholding in BMS. There is scant information available about Minna Invest to tell us immediately who is behind the stake. However, I have found out that Jan Peter Döhle and Jost Döhle are the two Managing Directors of Minna Invest. The Döhle Group covers all parts and aspects of the modern shipping business: "We offer a wide range of services including financial, commercial, and technical support, as well as insurance and crew management. Apart from our complementary activities provided by the companies within the Group, our core competencies lie in chartering as well as sale and purchase. With its numerous offices, subsidiaries, and partner companies located worldwide Peter Döhle Group offers tailor-made solutions for the whole shipping industry." The Döhle Group controls the world's largest tramp-owned fleet of containerships, comprising a total of around 415 highly modern vessels. The fleet ranges from small feeder vessels of around 300 TEU up to ships of 13,000 TEU capacity (a TEU is a 20ft long equivalent unit container). All the fleet's ships fulfill today's market requirements such as super-slow steaming and high reefer capacity. Many are equipped with their own cargo gear, making the fleet versatile as well as technically and commercially competitive in all areas of the world. The Döhle group, which has more than $8bn assets under its management, offers a wide range of services: sale & purchase; technical management; crew management; insurance; commercial management; bunker trading; financial restructuring; corporate services; shipping software; and shipping agency & logistics. That Now Makes Two Competitors Recently Into The Equity Readers may well remember that on 10th January this year I noted that another player in the shipping sector had bought into the BMS equity. I revealed that an ambitious Geneva-based shipbroking company had been putting together a 'major shareholding' in the group's equity.? Lightship SA had bought some 1m shares representing 3.04% of the issued stock.?? Lightship Chartering, is 51.5% owned by Danish founder and chairman Morten Have.? Sune Fladberg, the private company's CEO, was reported as stating that:? "It's quite simple, we believe strongly in shipping in the near future and are looking for opportunities to invest further in the industry.? We think the valuation in Braemar is very attractive at the moment."? What Did The New Buyers Pay? In early January I assessed that Lightship must have paid up to 290p a share for its holding. Whereas Minna could have been paying around 250p to 275p a share for its position. Last week the Braemar shares hit 284p before closing on Friday night at 277p, valuing the whole group at just £79m. The company's results for the year to end February 2024 should be declared within the next three weeks or so. In its 20th March issued Trading Update the group declared that it had achieved another strong performance, with revenue and underlying operating profit?for FY24 in line with market expectations at £150m and £18m respectively. Understandably the net cash position had dropped from £7m in the bank to just £1m at the year end, but last year it had covered the costs of the internal independent investigation conducted and concluded in 2023, as well as certain tax payments and share buy-backs during the period. However, impressively it announced that it had an Order Book of $83m, which was 47% ahead of the 2023 figure of $56m. Why Invest In Braemar? When asked 'why invest in Braemar?' the group responds: "We are one of only two publicly traded shipbroking companies on the London Stock Exchange, offering an attractive opportunity to invest in the shipping industry without needing to invest directly in ships. As a leading global shipbroker with offices in London, Singapore, Beijing, Geneva, Perth, Dubai, Athens, Hamburg, Melbourne, Madrid, Shanghai, and Houston, we're well-positioned to serve key industry players across different time zones and cultures. Our operations are diversified across Tankers, Dry Cargo, Sale & Purchase, Renewables, Financial and Offshore in order to generate a reliable, less cyclical income stream." Broker's Estimates Estimates for the current year to end February 2025 are for around £150m of revenues and £15.8m pre-tax profits, worth 46.6p per share in earnings and more than three times covering a 14.0p per share dividend. Analyst Price Objectives for the shares range from 385p to 505p, against Friday night's closing 277p. Results Due Before End May In late March I wrote that: "The May figures could well see upgrades helping to pinpoint just how undervalued this group's shares are at last night's closing price of 256p. I still find it hard to understand why these shares are so lowly valued, they are destined to rise above the 300p level fairly soon." The above estimates show that the shares of Braemar are an extremely attractive proposition, which is more than likely to be the reasoning behind two of its competitors buying into the group's equity. On 5.9 times current year prospective price-to-earnings ratio and yielding 5.05% the shares are almost a giveaway, in fact, I now set a new Target Price for Braemar's shares at 350p. Read Full Thread Reply
Posted at 04/3/2024 07:32 by masurenguy Great result from Clarkson. Lets see if there is any positive impact on the BMS price as a read over. Read Full Thread Reply
Posted at 02/4/2023 11:48 by rivaldo No-one expects anything else from the Mail on Sunday :o)) But I'm always glad to see a smaller company in my portfolio highlighted in the national press and getting some attention. And the conclusion that the BMS share price has serious upside from here to reach fair value is spot on. Read Full Thread Reply

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