Braemar Share Discussion Threads

[idioterna] 18/5/2007 14:18

Rock'n Rollin I see ;-)

[cambium] 18/5/2007 11:43

Thanks CWA, I have heard of it now, didnt realise it was called DAT.

Maybe time to swap more from CKN now

[rivaldo] 18/5/2007 11:38

Charles Stanley are forecasting 37.22p EPS for this year, so on that basis the current year P/E at 440p is 11.8, but if you subtract the £14.6m of cash from the £85m m/cap the P/E reduces to around 10.

Then if you consider BMS made almost 21p EPS in last year's H2, and that freight rates have zipped up since then, it's no wonder the directors are buying shares.

BMS could make around 45p-50p EPS this year imo (sticking necks out) if freight rates remain only stable. On a P/E of only 12 BMS could be 550p-600p.

Then they have that cash pile to make acqusitiions with as they have flagged, and these would presumably add further to the EPS.

[cwa1] 18/5/2007 11:13

Hi

Direct Access Trading. Whereby you can place an order direct on to the order book. For example, the current touch(spread) for BMS is 433-445 at the time of writing. As an ordinary Joe the best you can hope for is 445(you might shave a penny or so off that if you're lucky). With DAT I can elect to place an order straight onto the book to buy, say 5000, shares at 433.50. IF there is somebody on the other side who wants to sell 5000 shares they would simply complete the reverse transaction and sell them direct, via DAT, to me. Without troubling the market maker in the middle. It would effectively save me about £575 on a transaction of 5000 shares in BMS.

Of course the big IF is whether there is somebody willing to sell 5000 shares int he first place. Sometimes an order can sit on the book all day and not get filled. But, by and large, as long as you are sensible someone usually comes along and snaps up the trade. End result is that everyone is happy.

About results time recently when the price dropped away a little I mangaed to get a very nice top up at very decent prices. So it can and does work out well sometimes.

HTH

[gorse] 18/5/2007 11:11

Seems to me there's evidence that BMS is doing well and is undervalued, so I've bought some.

[rivaldo] 18/5/2007 11:06

Cambo, don't forget yesterday's buying too:

""The Company was informed today that the wife of Alan Marsh, Chief Executive,
acquired 19,000 ordinary shares on 14 May 2007 at a price of 414.563 pence per
share. Accordingly, Mr Marsh is now beneficially interested in 1,167,502
ordinary shares, representing 5.77 per cent. of the issued ordinary share
capital of the Company."

[cambium] 18/5/2007 10:50

Braemar Seascope Group PLC said executive
director Quentin Soanes bought 6,000 shares at 414.56 pence each, lifting his
stake in the company to 5.69 pct or about 1.15 mln shares

[cambium] 18/5/2007 10:50

CWA Excuse my ignorance but what is DAT? No pun intended!

[cwa1] 18/5/2007 10:36

Sounds like you're the sensible one then :-) I probably do fuss about too much on a few coppers on the share price but if you have a decent position to buy or sell it can soon mount up....

Moving on, I see there are one or two reasonable sized bids placed on the book which is good to see. No doubt it won't last.

[rivaldo] 18/5/2007 10:22

You're a bigger boy than me then CWA1 :o)) I've never got round to these things as I'm more of an investor than a trader so not over-bothered about the odd penny or two. My loss!

[cwa1] 18/5/2007 09:28

Hi rivaldo :-)

Does that mean that the big boys make AT trades? If that's the case then I must be a big boy ;-) At last. Seriously though, I'm just a private punter, albeit in reasonable size, and I wouldn't be without DAT, it is very frustrating at times but can save you a fortune FWIW. It IS something worth looking into IMHO.

[rivaldo] 18/5/2007 09:21

Amazing - all 14 trades today are buys, but 13 of them are AT buys, with only one private punter buy. The big boys are interested, but the PI's haven't caught on yet.

[rivaldo] 18/5/2007 07:15

More director buying, and a decent amount again too at around £25k:



"The Company was informed today that Quentin Soanes, Executive Director, acquired 6,000 ordinary shares on 14 May 2007 at a price of 414.563 pence per share. Accordingly, Mr Soanes is now beneficially interested in 1,152,010 ordinary shares, representing 5.69 per cent. of the issued ordinary share capital of the Company."

[rivaldo] 17/5/2007 19:57

The chart's looking pretty healthy - a small push after a nice close will leave a bit of a gap up to the 440p's.

The BDI was down a bit today, but still in record territory. Hopefully the director buying will get some coverage in the next few and days.

[rivaldo] 17/5/2007 14:46

:o)) The CEO's wife has just bought £79,000 of BMS shares. Do you think they've been chatting about work once the lights have gone out?



"The Company was informed today that the wife of Alan Marsh, Chief Executive,
acquired 19,000 ordinary shares on 14 May 2007 at a price of 414.563 pence per
share. Accordingly, Mr Marsh is now beneficially interested in 1,167,502
ordinary shares, representing 5.77 per cent. of the issued ordinary share
capital of the Company."

[rivaldo] 16/5/2007 21:03

Shock horror - the BDI was down 38 at 6,650 today! Had to have a breather some time.

Nice to see buying at 420p and the shares breaking out of their range. Hopefully the price will continue to climb up to the 20th June AGM, when we should get an extremely positive update going by all the signals.

[rivaldo] 16/5/2007 11:47

Agreed woracle - if anything the BDI usually falls prior to May and then increases as far as I can see!

BMS are sneaking up again - looks like a new high for this range now.

[woracle] 15/5/2007 19:59

Looked at BDI for last 4 years mid-May, and I really cant see any pattern of collapses at that time of year..are looking at the right chart...??

[idioterna] 15/5/2007 19:19

Historically February to May is the strongest season for the BDI so if the present levels are maintained into June I would be very excited indeed. Unfortunately there is a tendency for the BDI to collapse mid-May, so I'm not counting my chickens yet.

[davebowler] 15/5/2007 14:59

BMS up CKN down today- so far , so good.

[rivaldo] 15/5/2007 14:16

Forget the super cycle, the BDI just needs to stay at these levels and BMS should easily beat forecasts - H1 should be a stormer.

The BDI took a pause for breath today - but was still up 3 to 6,688.

[the dog catcher] 15/5/2007 00:50

Seems they are so desparate to sell themselves as Braemar Shipping Services that they forget what got the their in the first place! Enjoy the new paradigm of a commodities super cycle...maybe.

[rivaldo] 14/5/2007 15:22

And for good measure the BDI has stormed up another 37 to 6,685 today. That's 100 points in 2 days.

[rivaldo] 14/5/2007 14:17

Many thx cfdtrader. So :

- BMS are "comfortable" with the increased forecasts. Now that's confidence. If an FD feels able to say that publicly he must be in a pretty strong position.
- we can expect acquisitions, and maybe within weeks.
- the bunker trading operation could also be sold for a tidy sum too soon.

It seems the market is finally taking note now.

[cfdtrader3] 14/5/2007 11:04

It seems that a trading update is due at the AGM on 20th June. Hopefully we will not have to wait until then for the analysts to recognise the strength in the sector...

FROM LLOYDSLIST
================


Doubt cast on chances of China's new yards


A leading shipbroker has cast doubt on whether some of the new yards in China's proliferating shipbuilding industry will ever establish themselves in the market, writes Tony Gray.

Braemar Seascope chief executive Alan Marsh said new yards were "taking orders every day" but often had difficulties in gaining the refund guarantees crucial to finalising a deal.

Sometimes the refund guarantee, a key protection for the buyer, was taking many months to secure. "I am not sure how many of these yards will actually build ships," he said.

Mr Marsh said a protracted period for securing refund guarantees also provided yards with a temptation to seek a better deal when markets changed.

"If newbuilding prices go up they can ask, 'Do we want that deal to happen or sell the berth to someone else?'," he added. Mr Marsh stressed that the refund guarantee problem was not an issue with China's established yards.

He was speaking after Braemar Seascope reported record underlying annual taxable profit of 11m ($22.5m). In terms of acquisitions, Mr Marsh said the group was looking at companies in both the shipbroking and non-broking areas.

He could not say whether any deal would be finalised before Braemar Seascope's June 20 annual meeting, at which a trading update would be issued.

Mr Marsh also disclosed that the group was in the process of "reviewing our strategic options" in the bunker trading business.

Finance director James Kidwell said bunker trading provided a distortion to the group's result.

It would "probably not contribute in quite the same way... whatever form it is in," he said.

The group intends to change its name to Braemar Shipping Services to reflect its expansion beyond shipbroking. However, the Braemar Seascope brand will be retained for the group's shipbroking trading companies around the world.