Braemar Share Discussion Threads

[rivaldo] 14/10/2021 07:09

Lovely update...."ahead of expectations" is such a beautiful phrase.

So 15% ahead of the board's previous guidance, plus a 2p interim divi now coming our way:

[texaspete2] 04/10/2021 15:23

A bearish market....but look at recent dips, on low volume. Once overall mkt starts to stabilise then this should rise imo. It is the only recent long position I have opened, other than that on the sidelines for now other than short bets

[slipslopdop] 04/10/2021 14:13

What am I missing? What negative factors could the global supply chain have on BMS? I thought this share would be flying to moon. They must have extra work and have and the ability to charge a little bit more for this.

[rivaldo] 22/9/2021 14:35

Finncap's update note today has a 444p target price....

[edmundshaw] 22/9/2021 13:10

Yes.

Nice quiet board! :))

[deadly] 22/9/2021 09:39

Good TU today. Reverses some of the unjustified price falls recently.

[mayojames] 26/8/2021 20:32

Good fun comment maybe the new non exec helping with the delivery or someone trying just to lift the share without facts perhaps getting guidance from Boris and his great team

[edmundshaw] 26/8/2021 08:42

Oops, were we supposed to put out a trading update today?

Carol, could you just type something up quickly... make it general... I've mislaid the bit of paper with all the numbers and things on it...

[cwa1] 26/8/2021 07:41

Short and...reasonably...sweet?

6 August 2021

AGM Trading Update

Braemar Shipping Services Plc (LSE: BMS), a leading international Shipbroker and provider of expert advice in shipping investment, chartering, risk management and logistics services, is pleased to make the following trading statement ahead of its Annual General Meeting being held today at 2pm:

'The board is pleased with the financial and operating performance of the Group for the first five months of the year. Trading has been good across all three of the Group's divisions and the breadth of the Group's business model, the diversity of the broking operation and the markets in which the Group now operates, have insulated the business well from any ongoing pandemic weakness. The board is united in seeking to develop further the Group's growth strategy and we look forward to the remainder of the financial year with confidence.'

[r9505571] 10/8/2021 17:47

Business groups are urging the Competition & Markets Authority to investigate the shipping industry over container hire costs which have risen 700% in the past year. Last week container rates from China to the US reached a record high of more than $20,000 for a 40ft box...from today's Times

[mayojames] 19/6/2021 10:40

Yes good call by Brasilia in April - best they now stick to broking cluster

[mach100] 18/6/2021 22:22

A bit dented by the falling through of wavespec operation and the contingent write off costs of .9m . Looks a buying opportunity to me as trading is confirmed as strong.

[dave2608] 24/5/2021 20:02

Significantly undervalued according to Mark Watson-Mitchell.

[topvest] 01/4/2021 20:54

Well its an exit of a loss making business for a nominal consideration, so probably positive.

[micronesiac] 01/4/2021 15:14

Market seems to like it

[hybrasil] 01/4/2021 10:03

What an appalling RNS.
No detail as to when the letter of credit is to be received by.

No detail as to when the £500k is to be paid.

Perhaps they should have said

" Here have this business and pay us if you can"

[mayojames] 09/3/2021 21:12

A good run but we have to ask why following the hype of a market update did it collapse on the actually update and the presentation by the new team
something really feels odd or maybe I should be in some other sector where the real meets the taster

[topvest] 09/3/2021 19:42

The share price has had a strong run, so maybe profit taking has come to play. I was thinking of exiting, but I think I will stay aboard. The strategy looks sensible. Dispose of the peripheral business and invest in ship broking which is worth over £100m on its own.

[mayojames] 09/3/2021 19:22

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

[deadly] 09/3/2021 19:02

Seems the market would prefer trading to be below market expectations.

[mayojames] 09/3/2021 18:49

Agree and seems market less upbeat about loss of Chairman and new strategy with 264 going to to current level and no divi to balance - let's see next few months

[kiwihope] 09/3/2021 15:57

pipeline1,

I think the safest thing is to say it's mixed...!

[pipeline1] 09/3/2021 13:56

Weird tone to the trading update. I can't work out if it's positive or negative.

Needing to "strengthen the balance sheet" sounds ominous but then they state some figures suggesting they're close to their targeted leverage anyway.

They say trading ahead of expectations but then say the exchange rate is going against them and revenue in sterling terms will drop?

Confusing at best