Braemar Shipping Services Share Discussion Threads

[spooky] 17/11/2020 18:17

Balance sheet explains why they aren't paying a dividend IMO.

[johnjohnjones] 17/11/2020 18:12

Good results, it's true, and as a long-term holder I'm quite satisfied with the performance, but not paying any dividends is going to continue to hold this stock back and will put off many potential buyers. Indeed it'll probably stop me adding to my holding when I've currently got other stocks in my portfolio that are performing well and are also paying a dividend, which is important to this retired person. At least the UK banks have an excuse, and the insurers to some extent, because the Government is forcing them to suspend payments. But Braemar's unwillingness to reward people who are lending it their capital is on them.

[thirty fifty twenty] 17/11/2020 18:07

Moeller have upped their FY fcsts by 10% based on increased global volumes and rates. They also say they expect the future to be volatile due to CV19 (so no vaccine optimism there then!) i find the continuing fall in BMS surprising given the recent results and positive sector comments from AB and now Moeller. Moeller have a conference call tomorrow. All IMHO, DYOR + BoL BMS is in my portfolio

[this_is_me] 11/11/2020 07:38

Particularly given the circumstances, this was an excellent set of results. We should soon see the share price up to the 2019 trading range of around £2.

[thirty fifty twenty] 10/11/2020 11:13

fingers crossed for tomorrow! looks like buyers still trying to get hold of stock today before the results tomorrow.it is very tightly held so if there is good news , i;d expect a significant move - of course the same applies to the downside - LOl!! All IMHO, DYOR + BoL BMS is in my top5 hldgs

[this_is_me] 10/11/2020 07:41

That looks like a good joint venture fit.

[thirty fifty twenty] 09/11/2020 16:31

oops many thanks for correcting

[grahamburn] 09/11/2020 15:18

Think results are Wednesday.

[thirty fifty twenty] 09/11/2020 10:11

fingers crossed for tomorrow! looks like buyers trying to get hold of stock today before the results tomorrow.it is very tightly held so if there is good news , i;d expect a significant move - of course the same applies to the downside - LOl!! All IMHO, DYOR + BoL BMS is in my top5 hldgs

[thirty fifty twenty] 03/11/2020 13:14

i was very encouraged by the Q3 results from AB the other day. their biz is growing and they confident of future progress and still benefitting from the merger. They are also very big into renewable growth. Most interesting they have 15m of CASH and are paying a divi (i think c.4m a year) so that is 1m into BMS bank account from the divi but also i think under pins the value of the holding (currently c.10m at market prices). To me this is a big comfort on BMS 20m of debt. but also it shows that activities connected to shipping are still doing ok despite any worries re global trade slowdown. the fall in BSM price is a slight worry but i remain hopeful in the CASH generating abilities of the business and new mgt team with hopefully a re-rating to follow in due course. All IMHO, DYOR + BoL BMS is in my top5 hldgs

[danieldruff2] 30/10/2020 16:50

I took the loss on this one a few weeks ago after 11 years of on/off holding. It used to be a reliable performer, never thought it would struggle so much after its merger with ACMG, which was another fave of mine back in the day.

[edmundshaw] 30/10/2020 16:47

Not looking so good now... shipping is up and down like a yoyo recently, not helping I guess.

[danieldruff2] 30/10/2020 16:46

Thinly traded stock

[pec2004] 30/10/2020 16:30

Any non covid reason this looks like it is heading back to a £1?

[hybrasil] 05/10/2020 19:18

Think I’m going to buy more again tomorrow It’s looking good

[hybrasil] 02/10/2020 17:43

It’s good to see substantial trade today at these levels

[spooky] 01/10/2020 08:13

It could but the balance sheet isn't great. What was previous management thinking.

[this_is_me] 01/10/2020 08:06

I bought more in both April and May so I am now around breakeven. It could easily double from here in due course.

[thirty fifty twenty] 29/9/2020 16:58

in my post of 24 july i felt the chart looked good all the way to 180p. i still think that is the case - albeit too much to hope that will be a straight line rise. amazing how little volume it take to push the price up a few percent - the stock is obviously very very tightly held. All IMHO, DYOR + BoL BMS is in my top5 hldgs

[hybrasil] 29/9/2020 13:31

Bought some more today.

[hybrasil] 28/9/2020 19:30

Bought a few months ago. Thinking of buying some more. Will we see £3 again?

[petomi] 24/9/2020 08:56

good luck both, I am still underwater but had the nerve (or luck) to average down a while back cheers

[edmundshaw] 23/9/2020 11:26

I also need this to go up nearly a quid to break even. Having added enough in the past, I was not bold enough to add when the price was a bit silly under a quid. Which would have softened the loss by now...

[danieldruff2] 23/9/2020 08:59

If it doubled I would still be showing a loss (sigh)