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
  0.00 0.0% 328.50 2,405 08:00:00
Bid Price Offer Price High Price Low Price Open Price
325.00 332.00 328.50 328.50 328.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 111.78 9.36 16.24 20.2 106
Last Trade Time Trade Type Trade Size Trade Price Currency
08:26:38 O 1,000 327.00 GBX

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Date Time Title Posts
24/11/202210:00BMS with Charts & News2,760
14/3/201609:16Braemar Shipping Services3
28/5/201516:16BRAEMAR SEASCOPE117
17/1/201408:22*** Braemar Seascope ***13

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Posted at 28/11/2022 08:20 by Braemar Daily Update
Braemar Plc is listed in the Industrial Transportation sector of the London Stock Exchange with ticker BMS. The last closing price for Braemar was 328.50p.
Braemar Plc has a 4 week average price of 288p and a 12 week average price of 274p.
The 1 year high share price is 344.50p while the 1 year low share price is currently 197.50p.
There are currently 32,200,279 shares in issue and the average daily traded volume is 90,536 shares. The market capitalisation of Braemar Plc is £105,777,916.52.
Posted at 24/11/2022 08:04 by cwa1
Investor Presentation

BRAEMAR PLC (LSE: BMS), a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to announce that Nick Stone, Chief Financial Officer and Tris Simmonds, Chief Operating Officer will provide a live presentation relating to Half--year results for the six months ended 31 August 2022 via the Investor Meet Company platform on 28th Nov 2022 at 11:30am GMT.

The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to meet BRAEMAR PLC via:

Investors who already follow BRAEMAR PLC on the Investor Meet Company platform will automatically be invited.

Posted at 17/11/2022 19:06 by tole (LON:BMS) – exposure to growth in global shipping and maritime marketsYesterday's interim results from the number two UK shipbroking group were excellent.They showed a 46% growth in revenues to £69.4m (£47.4m) and a massive 95% improvement in underlying operating profits at £10.9m (£5.6m).What is more the group's balance sheet was strengthened by the swing from net bank debt of £9.3m in February this year to net cash at bank of £1.8m six months later.Earnings per share roe from 7.6p at the halfway stage to 31.8p, enabling a comfortable doubling of the dividend from 2p to 4p per share.Group CEO James Gundy stated that:"It's clear that we've unlocked great potential through our growth strategy, are delivering the performance that I promised our shareholders on my appointment in January 2021 and are well on track to double our profits by 2024. Our growing scale and sectoral diversification mean we are also set for strong performance throughout the business cycle."The outlook for the simplified group remains very positive with it looking forward to the second half of the year with a high degree of confidence in the ongoing execution of its growth strategy.Braemar's growing scale provides diversification across the shipping industry, leaving it set up for continued investment to deliver growth throughout the business cycle.Broker comment came from analyst Ian McInally at Cenkos Securities when rating the shares as a Buy with a 470p a share dividend discounted model price.He is looking for full year to end February 2023 revenues of £127.8m (£101.3m), with underlying pre-tax profits of £19.5m (£8.9m), underlying earnings of 51.3p (27.9p) and a dividend of 11.3p per share against 9.0p previously.The group's shares reacted to the very positive news, gaining 13p on the day to close at 335p.I see an easy rise to 400p, at which level the shares would still only be trading on 7.8 times current year earnings – which even then would be far too low a rating.
Posted at 15/11/2022 12:37 by kalai1
Braemar Plc posted Interims for the 6 months ended August 31st this morning reporting continued strong trading and performance materially ahead of original expectations. The Group recorded a 46% increase in reported revenue to £69.4m, a 95% increase in underlying operating profit to £10.9m and statutory PBT at £10.1m. The balance sheet also strengthened with net cash up to £1.8m. Valuation is decent with forward PE ratio around 9.1x, the share price also has positive momentum and is pushing up through 5 year highs this morning. BUY...from WealthOracle


Posted at 15/11/2022 10:06 by edmundshaw
kiwihope, not really. That is all in the past and currently the share price is well behind where the company is at the moment.
Posted at 15/11/2022 09:56 by kiwihope
Hi 1pvh,

Share price very nearly a 6-year high. That's enough isn't it?

Posted at 15/11/2022 09:02 by 1pvh
Maybe the hedging strategy holding the share price. Thought they'd be trading a bit higher this morning
Posted at 15/11/2022 07:11 by rimau1
Excellent results, and more importantly a confident outlook statement. BMS remains seriously undervalued IMO on a single digit eps.
Posted at 30/9/2022 18:45 by mfhmfh
No share price reaction from yesterday's trading update.
Posted at 25/5/2022 21:18 by 1knocker
BMS is a dog.Nothing seems to move the share price up, and the dividend is not great either. I am making out like a bandit on Star Bulk Carriers (up 35% since my purchase late last year, and the current divi is over 35% pa of my purchase price. Zim is going great guns too. The market seems to have no confidence in BMS. It may have analysts talking of £4, but will it even make £3? History is against it holding such a level, even it reaches it. If we get any decent spike up, I'm out. Probably ought just to take the medicine and flog it now. Better prospects elsewhere. Sorry to pour cold water, but realism is all in investing.
Posted at 21/1/2022 11:59 by whittler100
We all have our reason to buy and sell shares in a company; after all, that’s what makes a market.

My thoughts on buying into BMS in early December 2021 are shown below; just sharing my reasoning and not a recommendation in any way:

When I first bought Clarkson CKN (I no longer hold), they and Braemar BMS were around the 200p mark: Clarkson had sound management that developed the business (now share price around £37). Clarkson has been a very well managed business yet Braemar has lurched from poor acquisition and lack of direction from a rather, now departed CEO.

Braemar has a refreshed team now leading the company with the previous head of the shipbroking service, James Gundy, taking over as CEO in January 2021, a new chairman in 2021, and a fairly fresh CFO as of 2019. Poor directors don’t become good directors so a refresh for a turnaround is IMO very important. The new CEO James Gundy does not strike me as a particularly charismatic type but seems to have a clear focus on the direction of the business.

The Bull Case:
The old management has been jettisoned and a fresh CEO with over 30 years experience in shipbroking, including time at Clarkson’s, is now in charge supported by what appears to be a competent CFO. We in effect have a new broom and let’s hope it’s as successful as Triggers Broom from Fools & Horses.

The non-core businesses which were often loss-making and acted as a handbrake on the company have been jettisoned & funds used to strengthen the balance sheet. The focus of the business under the strategy set out by the new CEO is on the core shipbroking and smaller corporate finance operations.

I do dislike nil-cost LTIPs but a careful analysis of the terms of the LTIP shows that the management will collect zero rewards unless there is substantial share price movement over the next 3 years measured from June 2021. In order for the full LTIP to be awarded, the share price will have to essentially double by 2024. I am comfortable with this.

Should the new strategy succeed then the valuation of BMS will hopefully get a decent percentage gap closer to that of the successful Clarkson which trades on a PE almost three times higher than that of BMS. A clear part of the strategy is the intention to double size of the business within four years via a mixture of both bolt-on acquisitions and organic growth

Margin: the current EBIT Margin is 8.6% and forecast to rise to 10.2% by 2024 yet if they are successful then maybe they will get a touch closer to Clarkson’s EBIT margin of 16%

Current trading in the subsector, essentially BMS & CKN, are buoyant. In the last 5 months BMS has issued two “Ahead” TUs and the most recent TU says in-line with recently upgraded expectations. In early December CKN issued an “Ahead” TU.

Skin in the game: The CEO Grundy owns just over 2% of the business & has recently bought a further 23,000 shares on 3/12/21 @ 210p & the CFO, Nick Stone, bought 10,000 @ 214p. Add to that the number of potential shares awards in the LTIP. I think they have every reason to drive the business and manage it like owners.

Any Share dilution? No, the share count has been fairly steady over the past 7 years

Dividends: currently set at a handy but not outstanding 2.5% & all being well, it should increase steadily but not IMO be the sole reason to own the stock.

The Bear Case:
Whilst the new management talks a good fight, they could prove to be as incompetent as the previous management.

What if for whatever reason there is a serious downturn in shipping demand and prices and thus commission fall.

The Free Float may not be attractive to some investors @ 53% & the spread is wider than that of CKN.

All just my thoughts and reasoning as to why I see BMS as a decent long term hold whilst we give the new management time to deliver hopefully following somewhat on the path of the very successful CKN

Braemar share price data is direct from the London Stock Exchange
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