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Braemar Shipping Services Investors - BMS

Braemar Shipping Services Investors - BMS

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Braemar Shipping Services Plc BMS London Ordinary Share GB0000600931 ORD 10P
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 220.00 08:00:17
Open Price Low Price High Price Close Price Previous Close
220.00 220.00 221.00 220.00 220.00
more quote information »
Industry Sector

Top Investor Posts

mayojames: Now I am confused when I ran shipping companies shareholders were happy when we over delivered unless of course a stalker investor wanted to buy it low but cannot believe this is the case here Just seems odd
edmundshaw: @Tomps2: Generally I look at these posts trying to ramp a particular investor-oriented website and filter pdq... but this guy has actually got a reaqsonable understanding of the company, and there were some good questions challenging his views. So to my surprise I actually quite liked that link! Cheers...
mount teide: Two good articles published in Hellenic Shipping News today for those looking at timing an investment to the shipping market cycle. hTTps:// 'Dry Bulk Ships’ Demolition Rate at Lowest Level of the Past Five Years' hTTps:// 'The shipping markets are classically cyclical, but with extreme volatility. In fact, bulkers and tankers probably have the highest volatility of any major hard asset. The reason for this volatility is due to two main elements: the behaviour of shipowners and investors, and the relatively long build times and working lives of vessels........'
mount teide: Another day another new 5 year high for the Baltic Dry Index which continues to power ahead, surging a further 66 points(3.2%) today to reach 2,130 - extending its incredible winning streak to 22 days in 23. The BDI is up an astonishing 100.5% over the last 23 days, +257.9% from the Feb 2019 higher low (CAGR of 619%), and +614% since the H1/2016 shipping market cycle recession low. The good news? The BDI is still today trading at barely 50% of its 10 year inflation adjusted mean and just 18% of its inflation unadjusted previous market cycle peak Highly irritating that despite repeated requests over the past three years to the management of IG and other CFD and Spread-bet service providers to offer a product for investors to directly trade the BDI, we are still yet to see such a product. As posted on the JTCod thread in H1/2016 and again at the Feb 2019 higher low - going heavily long the BDI then after it bottomed respectively circa 98% and 95% down market cycle peak to trough, was as close to a one way bet that the markets have probably offered in decades.
mount teide: CWA1 - No - there are much better alternatives for investing in the shipping market: The following should make sobering reading for the BMS management and its investors: S/P Performance Comparison - CKN / BMS - from Global Financial Crash low in 2010 to date: BMS / MINUS 13.9% / (215p down to 185p) CKN / PLUS 607.9% / (356p up to 2520p) S/P Performance Comparison - CKN / BMS - from the 2001 last market cycle low to date BMS - MINUS 2.6% / (190p down to 185p) CKN - PLUS 2,420% / (100p to 2,520p) As in most sectors its usually a smart move to stick with the market leaders. My modest portfolio investment in BMS after the dry bulk and container shipping markets bottomed in 2016 was made on the basis i expected BMS along with the rest of the shipping market to commence a recovery - i got this wrong (because of BMS's hugely overweight exposure to the tanker and oil service sectors) and departed with a circa 10% loss, which after re-investment in CKN(already held a very large longstanding position), has since recovered the loss and is now up around 20%. Would have been circa 50% down if i had continued to hold BMS.
mount teide: Lloyd's list today reports War Risk Insurance Premiums have surged ten fold for oil tanker owners following the latest Gulf Attacks on shipping. War risk premiums are paid by tanker owners EACH TIME they send a vessel to the Persian Gulf to load a cargo. Clarksons Platou Securities reported that VLCC ship charter rates, as of June 18, averaged $22,100 per day, up 63% week-on-week, while third quarter VLCC rates in the forward freight agreement (FFA) market were $25,000 per day. Deutsche Bank shipping analysts in a client note said “charterers need to pay a premium to bring vessels into the Arabian Gulf. VLCC spot rates jumped 100% in the Middle East region and 26% overall last week". Rising dangers in Middle East waters are likely to slow down tanker operations. The more inefficient operations become, the more that capacity is effectively reduced, a tailwind for rates. There would need to be increased international protection for ships transiting the region, with some possibility of escorted convoys. This would slow the tanker logistics for loading and unloading. Shipping has a unique appeal to a certain breed of risk-reward investor for two primary reasons. First, global shipping rates are completely unregulated. There’s no one with the authority to declare that a rate is too high or too low. The market ALWAYS decides. Second, rates can gyrate wildly due to global events that are largely unpredictable. A ship owner or charterer can wake up one morning and suddenly find himself well on his way to being either very rich or broke, often through no fault of his own. World events are now coming to the fore in global shipping. The crude oil tanker market has become heavily contingent on the outcome of geopolitical tensions between Iran and the US, while the container market will go one way or the other based upon the outcome of trade tensions between the US and China. Higher future's market charter rates for both and the dry bulk sector suggest a resolution of the trade tariff spat between the US and China is not far away, while tanker futures suggest the Iranian/US geopolitical tension is unlikely to be resolved anytime soon.
edmundshaw: Ah. They had not updated their investor calendar when I checked it this morning. and I missed that date move - thanks.
shiv1986: ADVFN is hosting an investor event for a firm within Industrial Transportation; Avation plc, on the 21st May to find out about their future prospects. Sign up to attend this event:
grahamburn: Probably best to put that quote into the greater context of the article by Ian Cowie who writes regularly about running his own portfolio. On Sunday he was discussing his "mistakes" and why he has held on to some of them - Braemar being the first one in the article as follows: ______________________________ Ian Cowie: One share has sunk without trace. Now I’m hoping for a resurrection My stake in Braemar Shipping has plunged ingloriously, but all investors should expect the odd clanger Ian Cowie’s shares in Braemar Shipping’s have suffered, as have those in Vodafone, Versarien and Dignity, but dividends have proved some consolation Easter Sunday is as good a time as any to hope for resurrection, and this DIY investor can always dream that bright ideas which seem to have died a death might spring to life again eventually. Sad to say, there is no sign of that yet among the worst of Cowie’s clangers — shares I hold that have lost 10% or more of their value. Despite global stock markets enjoying their longest bull run, or period of rising prices, on record, my “forever”; fund still contains six stonking stinkers. Laugh if you like, but the unvarnished truth is that you can’t win them all and every portfolio will contain some losers. So, without further ado, here they are. Braemar Shipping has proved my barmiest idea yet, having sunk by an eye-watering 57%, according to the investment platform Hargreaves Lansdown’s gains and losses calculator. All I can say in mitigation is that that takes no account of dividends, and the shipping broker currently yields an income equal to 8.7% of its share price. So, even as the water laps my chin, I am hanging on in hope. Not that I found much comfort when I asked Laith Khalaf, senior analyst at Hargreaves Lansdown, to scan the horizon. He told me: “Braemar’;s profits and share price have tanked because it’s heavily reliant on the oil industry, which goes through peaks and troughs depending on commodity markets. The shares trade on an extremely undemanding six times corporate earnings but that reflects the company’s weak performance.”
mount teide: As expected, with the Baltic Dry Index rising close to 50% since Q1/2018, the world's largest shipbroker Clarkson's has experienced a stronger Q2/2018 across most of its main shipbroking and sale&purchase markets. The oil tanker market although still the exception is now seeing green shoots, moving up strongly off multi year lows; vessel charter rates have increased by over 100% since the start of Q3/2018 which should bode well for H2/2018 and 2019. Likewise the oil services sector, has recently made a bottom and entered a new cyclical recovery phase following a brutal 5 year recession which brought the industry to its knees. Clarkson's highly expensive takeover of Platou some 3 years ago - a specialist oil tanker and oil services sector shipbroker - could not have been more badly judged/timed but, following an awful post acquisition period should now start to generate better news and results going forward. Oil tanker rates dropped over 10 fold peak to trough following Clarkson's takeover of Platou and the oil services sector completely collapsed, with large sections of many major fleets put into long term lay-up. With many sectors of the shipping markets forecast to be at/close to a demand/supply balance for the first time in a nearly a decade in 2019, the shipping markets should now continue to strengthen into this new shipping /commodity cycle recovery stage, which like all previous recovery stages will come with the high stomach churning volatility these markets are renown for. The shipping and commodity markets may not be for the fainthearted, widows or orphans perhaps - but for those with the constitution to withstand the volatility, with careful stock selection the once in every 15-20 year recovery/boom stage of these long term, highly cyclical markets offer investors the opportunity of tremendous multi year outperformance compared to the wider market indexes.
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