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Braemar Plc (BMS) Share Price

BMS Braemar Plc

292.00

16.00 (5.80%)

09 May 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
	16.00	5.80%	292.00	91,064	16:35:15

Bid Price		Offer Price	High Price	Low Price	Open Price
285.00		290.00	294.00	278.00	278.00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Water Transport Svcs, Nec	152.91M	4.6M	0.1396	20.56	94.49M

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
17:07:53	O	2,500	292.00	GBX

Related Shares
Clarkson (CKN), Wincanton (WIN), Celsius Resources (CLA), Esken (ESKN)

Braemar (BMS) Latest News

Braemar News

Date	Time	Source	Headline
03/5/2024	15:47	UK RNS	Braemar PLC Holding(s) in Company
02/4/2024	07:00	UK RNS	Braemar PLC Total Voting Rights
20/3/2024	13:43	ALNC	Braemar says annual earnings in line with outlook but down on-year
20/3/2024	07:00	UK RNS	Braemar PLC FY24 Trading Update
29/2/2024	12:24	UK RNS	Braemar PLC Holding(s) in Company
29/2/2024	12:22	UK RNS	Braemar PLC Total Voting Rights
12/2/2024	13:40	UK RNS	Braemar PLC Block listing Interim Review
31/1/2024	15:50	UK RNS	Braemar PLC Total Voting Rights
03/1/2024	11:21	UKREG	Braemar PLC Holding(s) in Company
02/1/2024	13:29	UKREG	Braemar PLC Total Voting Rights

More Braemar News

Braemar Investors Braemar Takeover Rumours

Braemar (BMS) Discussions and Chat

Braemar Forums and Chat

Date	Time	Title	Posts
08/5/2024	10:47	BMS with Charts & News	3,135
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

Add a New Thread

Braemar (BMS) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
2024-05-09 16:07:53	292.00	2,500	7,300.00	O
2024-05-09 15:35:15	292.00	2	5.84	UT
2024-05-09 15:16:57	287.00	14	40.18	AT
2024-05-09 15:16:49	285.79	3,502	10,008.26	O
2024-05-09 15:10:24	288.00	8	23.04	AT

View all Braemar trades in real-time

Braemar (BMS) Top Chat Posts

Top Posts
Posted at 09/5/2024 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 276p. Braemar currently has 32,925,000 shares in issue. The market capitalisation of Braemar is £94,494,750. Braemar has a price to earnings ratio (PE ratio) of 20.56. This morning BMS shares opened at 278p Read Full Thread Reply
Posted at 08/5/2024 10:47 by mfhmfh Surely we must be a takeover target with the share price remaining under 300p? Read Full Thread Reply
Posted at 08/5/2024 09:17 by rivaldo Cheers Tole - particularly useful info about the two new investors in BMS from the shipping sector. 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 09:31 by hpcg Buoyancy in energy in particular was noteworthy. I'm not sure it will do much for the share price though, small caps are still becalmed or worse by outflows even if there is a constant stream of refreshment from takeovers. Still there also lies the opportunity as this is cheap as chips. what would more directly make a difference is some upward revisions from brokers. Consensus for 2025, according to Stockopedia data, shows no growth. So we need the company to handily beat and ideally prior project its range upwards. 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 16/1/2024 09:53 by rivaldo Another plug for BMS from Master Investor: "Master Investor subscribers will already know that my shipping services sector favourite stock is the much smaller £99m valued Braemar (LON:BMS), currently 298p, it is favoured by analyst Ian McInally at Cavendish Capital with a 385p Price Objective, which in my view is conservative. Note that recently another global shipbroking group, Lightship Chartering, has been buying into its equity and rates the BMS shares as being cheaply rated." Read Full Thread Reply
Posted at 10/1/2024 22:07 by mfhmfh Interesting quote in this article from Master Investor: Braemar (LON:BMS) – Competitor Buying Into The Equity With the re-routing of trade routes around the Cape of Good Hope, the global shipping market is now reacting to container freight rates rising for the last six weeks in a row, getting back up to the higher levels of October 2022. It was quite a beneficial share price move on Monday, following the revelation that an ambitious Geneva-based shipbroking company has been putting together a ‘major shareholding’ in the group’s equity. The new holding notification to the market states that Lightship SA has bought some 1m shares representing 3.04%. That is said to be good news for players in the shipping sector, including shipbroker Lightship Chartering, which is 51.5% owned by Danish founder and chairman Morten Have. Sune Fladberg, the private company’s CEO is 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.” I reckon that the Lightship stake was purchased at around the 290p level, so at last night’s close of 300p, it is already showing its holding is well in the ‘swim’. After hitting 310.60p on Monday morning, further price rises to trade well into, the 300p to 350p range can be expected within the next few months. Read Full Thread Reply
Posted at 13/11/2023 15:29 by redwing1 I don't agree with you Clarkey1880. Yes of course the macro picture is important to a cyclical stock such as Braemar, but the share price had moved so far away from a sensible rating that it is only going to respond to what caused the share suspension in the short term. Take a look at the Cavendish numbers (which already reflect some shipping market slowdown for 2024) and you see a forward p/e of 6.7x with a yield of 4.5% and net cash of £13m. That looks low enough to reflect any shipping downturn. So all I am saying is that any fall on a lifting of the suspension will be because the market doesn't like what it hears about the prior year accounting issues and any resulting impact on current profitability. If by some miracle management has plausible explanations, then I would predict a healthy bounce in the share price. Read Full Thread Reply
Posted at 10/11/2023 18:45 by clarkey1880 Friends - i was banging on about the macro effect to braemar thats coming to negatively pressure the share price. One other thing to add to that macro woe is EU ETS - this means dramatically inflated shipping costs, most likely to cause disruption and drop in transaction liquidity. The horizon for BMS is stormy… if this wasnt suspended have been priced in - yes. Will this be bearish if / when it re lists - yes. I was reminded of a similar story to bms - stobart… 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

Braemar share price data is direct from the London Stock Exchange

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