Braemar Shipping Services Share Discussion Threads

[haywards26] 03/3/2021 09:51

I did not expect my target of £2.50 to be met as quickly as appears will be the case.

[this_is_me] 03/3/2021 09:33

Yes, the share price has now reached a level not seen since 2018.

[haywards26] 02/3/2021 17:17

Up we go again :)

[this_is_me] 24/2/2021 16:44

Another big jump today.

[this_is_me] 19/2/2021 20:04

They didn't have a capital market event last year so they are likely to have things to boast about this year.

[edmundshaw] 19/2/2021 10:36

@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...

[tomps2] 19/2/2021 09:44

Braemar Shipping Service (BMS) on the Stockopedia / Piworld February 2021 StockSlam. John Sladden’s thoughts from 23:27. Video - Https://www.piworld.co.uk/2021/02/19/stockopedia-piworld-virtual-stockslam-february-2021-with-damian-cannon/ Podcast - Https://piworld.podbean.com/e/stockopediapiworld-virtual-stockslam-february-2021-with-damian-cannon/

[haywards26] 18/2/2021 12:42

Further strong moves today, it feels like something is brewing here, either news of strong results to be issued next month or something else. But feels like my 250 may be reached sooner than I expected...

[pireric] 16/2/2021 20:07

More interesting is what they might say on the Capital Markets Day. Perhaps some more medium-term ambitions could be set out. On freight rates, would caveat that BMS isn't particularly exposed to container shipping (was a question asked about this on their last conference call). The LNG tanker rates should have been a net positive but oil tankers will have been pretty slow activity-wise I suspect. However, given the good first half there is some potential for them to beat on 2020 earnings Eric

[this_is_me] 16/2/2021 19:48

Yes, doubled since last May. Trading update 9/3/21. Considering the spike in freight rates from China I am expecting good results despite the virus.

[haywards26] 15/2/2021 14:58

A lovely share price movement and great looking chart :)

[haywards26] 05/2/2021 11:37

I am waiting for divi increases and £2.50 region before considering a sale of shares. I am happy to hold long term. Having said that a profit is a profit :)

[hybrasil] 05/2/2021 11:30

Decided to end my involvement here for the moment. A profit for a change!

[mayojames] 03/2/2021 19:33

Maybe share price dropped as cannot understand why sell half the holding to get some cash from a company that may add real value linger term

[hybrasil] 28/1/2021 12:39

I thought wrongly that that share sale would move the price..However its good news notwithstanding.

[hybrasil] 28/1/2021 08:30

305020 What are the other 4?

[this_is_me] 28/1/2021 08:05

Sold at almost double book value. Good result.

[pireric] 28/1/2021 07:45

Trade price was NOK 7.5, so BMS have banked £6.0m of proceeds. The AqualisBraemar Chairman took 720k of the 9.6m shares which I think is £450k so thats a good show of confidence. Means Braemar has realised probably around £6m of cash from this sale, and implicitly holds another £6m or so as remaining stake. That stake is locked up with AqualisBraemar for 90 days and then theoretically free to dispose of the rest if we so wish Eric

[pireric] 27/1/2021 20:53

Hopefully the bookbuild completed prior to the US deciding to sell off today :) (should be likely!) Expect there might be an Oslo Bors announcement first thing tomorrow to keep an eye out for. Eric

[thirty fifty twenty] 27/1/2021 20:14

i think that b/c AB will no longer have a 20% shareholder that it will give AB more liquidity. I can imagine institutions not being too keen on AB b/c of the large third party shareholding. So i think the benefits for BMS are 2 fold (1) it will highlight the hidden value in its balance sheet (2) it reduces debt considerable thus de-gearing and de-risking BMS (3) it will allow AB to attract a higher rating and thus benefit BMS for the remain 10m shares. As you say pireric - we will know a bit more shortly All IMHO, DYOR + BoL BMS is in my top5 hldgs

[edmundshaw] 27/1/2021 20:10

Given a market cap of £62m this means the AB holding is worth over 20% of the current BMS market cap... all depends on whether you think that was in the price.

[hybrasil] 27/1/2021 16:57

Thanks Eric So should be good for the share price

[pireric] 27/1/2021 16:50

Basically they are looking to sell up to half the holding in Aqualis Braemar. Its an accelerated bookbuild process which probably means that they have buyers (institutions lined up). I think that is especially the case because I reckon they are breaking their lock-up. It could also explain some of the weakness at AB in the last few days as these processes are normally forward marketed. If I assume the close price on the sale is NOK 7.75, they they would raise £6.4m gross of fees as cash to sit on the balance sheet. Positive in my view given the markets reluctance here in the past to look through the debt pile, yet it also ignored the value of the stake in AB. Braemar will continue to hold the other half of the stock they aren't looking to sell. I imagine we will hear the outcome of this process within 24 hrs max, and possibly this evening. Eric

[hybrasil] 27/1/2021 16:38

What does that RNS as to the sale its shares in OSLO hold for us?

[haywards26] 26/1/2021 12:41

BMS has been a great investment for me with a 30% increase in within a 1 month time frame. I continue to hold :)