Braemar Dividends - BMS

Braemar Dividends - BMS

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Stock Name Stock Symbol Market Stock Type
Braemar Plc BMS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 300.50 01:00:00
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Braemar BMS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

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Posted at 30/8/2022 10:32 by cwa1
Investor Presentation Braemar Shipping Services Plc (LSE: BMS), a leading international shipbroker and provider of expert advice in shipping investment, chartering and risk management services, is pleased to announce that James Gundy, CEO and Nick Stone, CFO will provide a live presentation relating to the Group's preliminary results for the year ended 28 February 2022 via the Investor Meet Company platform on 31st Aug 2022 at 11:00am BST. 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 SHIPPING SERVICES PLC via:
Posted at 30/8/2022 10:27 by mfhmfh
from Edison: 'As a result, we have raised FY23 and FY24 PBT forecasts by 66% and 31% respectively and lifted our valuation from 400p to 520p per share on raised dividend expectations.'
Posted at 30/8/2022 07:24 by cwa1
Prelims... well as a Trading update on the same day... Wow...the only word for those is...gangbusters :-)
Posted at 31/7/2022 20:34 by topvest
It's all around the audit work on the discontinued operations from what I can see. That's always complex as it requires the already stretched auditor to complete a separate audit of the disposed entity at the disposal date, which may have been planned late in the day or not at all. Sometimes that gets to be problematic and it sounds like they weren't very well prepared on all fronts. The dividend point is a common PLC error and is not in itself a big concern. Combined with the delay though, it implies that either the Finance team and/or the auditor are not on the top of their game!
Posted at 27/7/2022 12:59 by florence141414
It’s certainly possible. I cut half my position this morning. If it was just that they paid a dividend without filing accounts, then I wouldn’t be so concerned. It’s the combination of that with the previous announcement of accounts on a specific date, subsequent cancellation of that announcement only a few days later, no new date given and hinting today that they are unlikely to be out by the AGM on the 19th. I’m not sure but I believe that would only leave them 12 days until they would have to ask for an official reporting extension. I also don’t like that this was hidden in an RNS titled 'Notice of Annual General Meeting' makes it seem like they were trying to slip the bad news by us. It’s a shame because operationally they seem to be going gangbusters. I expect that when we finally do get results for FY22 we’ll see profits around the 8-10m mark with guidance that FY23 is on course to be even better. I would certainly buy back in if the market gets jittery when it realises just how late these accounts are likely to be.
Posted at 21/7/2022 18:43 by cwa1
Kleinwort adding:-
Posted at 04/7/2022 10:50 by 1knocker
The comentatators say one thing, the market says something else. How does an investment in Braemar compare with an investment in just about any other shipping stock? I have been making out like a bandit on Star Bulk Carriers which I bought late last year.. Huge quarterly dividend and volatile enough to trade in and out to get the capita invested down without missing a divi.
Posted at 25/5/2022 22:18 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 25/5/2022 17:53 by tole Shipping Services (LON:BMS) – 400p a share valuationThe leading international shipbroking group employs some 360 people across the globe, operating from 14 offices for both its shipbroking and its financial divisions.It is enjoying strong trading and is currently operating ahead of management expectations.Towards the end of next month, we will see the group declare its results for the year to end February.On Monday of this week Edison Investment Research initiated coverage of the group, which by now you must have realised, is one of my favourites.Andy Murphy, the Edison analyst, is looking for revenues to have fallen from £111.8m to £101.1m for the last year.Pre-tax profits, however, could well have ended the year up from £8.1m to £8.7m, worth 20.8p (20.0p) in earnings but with a leap in the dividend from 5.0p to 7.0p per share.For the current year to end February 2023 he sees £105.2m revenues, a much better £11.5m profit, with earnings leaping to 27.9p and even a 2p lift in dividend to 9.0p per share.What really encourages me about Edison's new coverage is that they are valuing the group's shares at a 45% premium to the current 275p in the market.So, a 400p valuation tag underlines my continued enthusiasm for the company and its shares.Could they be a short-term purchase just ahead of the figures to be announced in a few weeks?Whatever you do as a holder, just stay firm.
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
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