ADVFN Logo ADVFN

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

BMS Braemar Plc

231.00
-24.00 (-9.41%)
26 Mar 2025 - 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
  -24.00 -9.41% 231.00 87,364 16:35:23
Bid Price Offer Price High Price Low Price Open Price
235.00 240.00 252.00 235.00 250.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Water Transport Svcs, Nec 152.75M 4.62M 0.1404 16.74 83.96M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:23 UT 1,065 231.00 GBX

Braemar (BMS) Latest News

Braemar News

Date Time Source Headline
24/3/202507:00UK RNSBraemar PLC FY25 Trading Update
07/3/202507:00UK RNSBraemar PLC Directorate Change
28/2/202509:04UK RNSBraemar PLC Total Voting Rights
31/1/202515:14UK RNSBraemar PLC Total Voting Rights
31/12/202407:00UK RNSBraemar PLC Total Voting Rights
17/12/202410:23UK RNSBraemar PLC Holding(s) in Company
10/12/202416:48UK RNSBraemar PLC Holding(s) in Company
10/12/202416:13UK RNSBraemar PLC Director/PDMR Shareholding
03/12/202409:27UK RNSBraemar PLC Total Voting Rights
28/11/202416:17UK RNSBraemar PLC PDMR Share Dealing

Braemar (BMS) Discussions and Chat

Braemar Forums and Chat

Date Time Title Posts
26/3/202514:55BMS with Charts & News3,252
14/3/201609:16Braemar Shipping Services3
28/5/201516:16BRAEMAR SEASCOPE117
17/1/201408:22*** Braemar Seascope ***13

Add a New Thread

Braemar (BMS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2025-03-26 16:35:23231.001,0652,460.15UT
2025-03-26 16:28:09235.005411,271.35AT
2025-03-26 16:15:09240.002,0824,996.80AT
2025-03-26 15:45:39240.005,00012,000.00O
2025-03-26 15:44:51240.001,5003,600.00AT

Braemar (BMS) Top Chat Posts

Top Posts
Posted at 24/3/2025 16:36 by cwa1
Zeus[Apologies for formatting!]

Trading remains challenging We downgrade Braemar to HOLD from BUY with a tough trading statement. We apply preliminary cuts to our estimates which we will update as needed following the full (FY25A) statement in May. Global charter rates, notably in the tanker and dry cargo chartering markets, came under additional pressure in the second half, due to increased geopolitical volatility. The impact was partially offset by a strong performance in other parts of the Group such as vessel sale & purchase. Despite this weak performance, the forward order book at the end of February 2025 was stronger, up from $80.9m in H1 to $82.2m (FY24A: $82.6m) and fixture levels achieved in FY25A are expected to be maintained in the year ahead. We apply preliminary cuts to our FY25A estimates in line with guidance from management, and by similar amounts in FY26E and FY27E. Trading update for the year to 28 February 2025: Braemar has reported that global charter rates, notably in the tanker and dry cargo markets, came under pressure in the second half of the financial year, due to increased geopolitical volatility. Although, the impact of this weakness was partially offset by a strong performance in other parts of the Group such as vessel sale & purchase. Revised expectations: The Board now expects revenue for FY25A to be c.£141.0m (FY24A: £152.8m), with adjusted operating profit (before acquisition-related expenditure) of c.£16.5m (FY24A: £18.1m), subject to audit. This is against Zeus’ revenue of £150.9m (-c.6.5% miss) and operating profit at £17.1m (-c.3.5% miss). Braemar has said that operating cash flow remains strong, but the timing of certain working capital items yielded a net debt position preleases of £2.5m (FY24A: net cash £1m). Zeus is at net debt of £0.9m (preleases). Braemar has said that it has “swiftly returned” to a positive net cash position at the start of the new financial year (FY26E). Outlook slightly more positive: The Group has said that the forward order book at the end of February 2025 was strong, up from H1 ($80.9m) to $82.2m (FY24A: $82.6m) and fixture levels achieved in FY25A are expected to be maintained in the year ahead. The forward order book covers revenue that will be earned up until 2039. The Board states that they are “mindful”; of the short-term volatility in end markets. That said, the strong fundamental drivers of the global shipping markets and the scale and diversified breadth of the Group’s operations “underpin the confidence in the longer-term prospects for the business”. The team remain “focused on leveraging the integrated capabilities” in core market segments and driving further growth, through both organic investment and strategic acquisitions. Zeus estimates are cut as shown in Exhibit 1 (below) and our rating is downgraded to HOLD from BUY. Our target price is reduced to 230p from 330p.
Posted at 24/3/2025 09:49 by rivaldo
Canaccord's new target price is 350p (from 380p), and they reiterate their BUY.

They now forecast historic 29.5p EPS, reduced from 31.6p EPS.

Their forecast dividend remains 14p - almost a 6% yield at the current price.

The divi costs £4.4m out of Zeus's £9.5m forecast FCF, with the balance going to debt reduction and ESOP.

Today's RNS is an obfuscation given it's a slight miss on forecasts. Nevertheless the downside remains minimal imo at these levels, especially with the support of the excellent dividend, and there remains the potential for earnings-enhancing acquisitions given the balance sheet strength.
Posted at 24/3/2025 08:39 by eezymunny
Share price back to price of 20 years ago :)
Posted at 05/2/2025 08:25 by cwa1
Zeus initiate research on Braemar...

Braemar BMS LN - Industrial Transportation Initiation: attractive valuation & business model but macro uncertainties abundant We initiate coverage with a BUY rating and a target price of 330p (+25%). We think Braemar is good value and offers focused exposure to global maritime markets, where strong medium-term demand is supported by vessel shortages and energy transition requirements. Free cash generation and returns are healthy, and the dividend is well supported. Its business model is flexible and scaleable. Shipbroking markets continue to consolidate, driven in part by increased costs of compliance and regulation; Braemar is a consolidator with sufficient liquidity to accelerate inorganic growth. That all being said, the timing of an investment in Braemar might be an issue for some investors with multiple near-term tradesensitive uncertainties. Including Trump tariffs and potential trade wars, the pace of China’s economic recovery and sea lane disruption. Hence, we are confident that Braemar will meet our FY25E (year-end Feb.) expectations but there is risk of volatility in earnings for both Braemar and Clarkson (CKN, BUY, TP 4,500p) as we enter reporting season. The next trading update is due in March.
Posted at 21/11/2024 09:57 by qs99
So with this drift, does BMS become a takeover target? Hard to see of underlying reasons why such a drift, or am I missing some large elephant in the room? DYOR
Posted at 12/11/2024 09:04 by tomps2
Braemar (BMS) Half Year 2025 results presentation - November 2024

Braemar CEO, James Gundy and CFO, Grant Foley present the group’s results for the six months ended 31 August 2024, followed by a Q&A session.

Watch the video here:

Or listen to the podcast here:
Posted at 30/10/2024 12:21 by tomps2
Braemar (BMS) Half Year results webinar

Friday, 8 November, 1:00pm

Braemar CEO, James Gundy, CFO, Grant Foley and COO, Tris Simmonds will present the groups results for the six months ended 31 August 2024, followed by a Q&A session.

To attend, register here: bit.ly/BMS_H125_results_webinar
Posted at 26/9/2024 09:18 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."
Posted at 07/5/2024 19:21 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.
Posted at 02/4/2023 10:48 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.
Braemar share price data is direct from the London Stock Exchange

Braemar Frequently Asked Questions (FAQ)

What is the current Braemar share price?
The current share price of Braemar is 231.00p
How many Braemar shares are in issue?
Braemar has 32,924,877 shares in issue
What is the market cap of Braemar?
The market capitalisation of Braemar is GBP 83.96M
What is the 1 year trading range for Braemar share price?
Braemar has traded in the range of 225.00p to 315.00p during the past year
What is the PE ratio of Braemar?
The price to earnings ratio of Braemar is 16.74
What is the cash to sales ratio of Braemar?
The cash to sales ratio of Braemar is 0.51
What is the reporting currency for Braemar?
Braemar reports financial results in GBP
What is the latest annual turnover for Braemar?
The latest annual turnover of Braemar is GBP 152.75M
What is the latest annual profit for Braemar?
The latest annual profit of Braemar is GBP 4.62M
What is the registered address of Braemar?
The registered address for Braemar is ONE STRAND, TRAFALGAR SQUARE, LONDON, WC2N 5HR
What is the Braemar website address?
The website address for Braemar is www.braemar.com
Which industry sector does Braemar operate in?
Braemar operates in the SEA TRANSPORT DIV'E sector