Braemar Share Discussion Threads

[pauliewonder] 30/11/2021 15:47

Going to pick some of these up once it stabilises a bit. Fall to 150p not impossible although it would be vastly undervalued at that point. Looks cheap aready

[sam 4224] 29/11/2021 14:34

Fall continues. Wil be interesting to see what the company says Dec 2 in its presentation. Must be a huge seller somewhere. V STRANGE

[cwa1] 22/11/2021 13:04

Took a few at 212p'ish. Hopefully rude not too. Time will tell...

[rivaldo] 19/11/2021 15:28

Cheers edmundshaw, you too! Looks like an opportunity to me.

[2vdm] 19/11/2021 07:37

I agree Riv. I've started adding as cash allows

[edmundshaw] 18/11/2021 22:55

Always good to see you join the party rivaldo! :))

[rivaldo] 18/11/2021 13:37

There must be a seller around. Seems inexplicable to me with 24.1p EPS forecast this year, rising to 26.7p EPS for the year starting soon. Plus a 5p+ dividend and good trading conditions - and a huge discount to the likes of CKN.

BMS is a relatively recent and small addition to my portfolio, but I'm sorely tempted to add at these levels.

[thirty fifty twenty] 18/11/2021 10:41

this is a bad chart break this morning,
so will be interesting to see in the weeks ahead
if it remains significant or is maybe a MM tree shake.

seems very surprising as organic trading should still be good,
and they making corporate progress.

hope there is no bad news around the corner.

All IMHO, DYOR + BoL
BMS is in my portfolio

[pauliewonder] 18/11/2021 09:50

Head and shoulders on the chart. Be interesting to see where we go from here as results are good and long term I think this is a decent investment

[rivaldo] 03/11/2021 15:23

Investec today say the shares are undervalued compared with peers, and have a 317p price target.

[rivaldo] 03/11/2021 09:55

The published spread is only 4p now at 256p-260p, and anyway you can usually deal well within that published spread.

[thaiger] 03/11/2021 09:05

Spread would put lots of investors off!

[rivaldo] 03/11/2021 07:41

The H1 results look very good - and most importantly the outlook is equally confident.

There are ambitions for "doubling the size of the Group within four years, through organic growth and complementary, value-added acquisitions".

Given 14.23p EPS in H1 alone, BMS should easily attain forecasts for the year, which I have at 26p EPS?

Looks cheap to me, especially with regard to the analyst's price target of 444p.

[boozey] 03/11/2021 05:08

''Maersk has warned that the squeeze in global supply chains will continue into next year as the world’s largest container shipping line cashed in on the high prices to ship goods and parts around the world to post record earnings'' The Times today.

Wonder how this may help BMS's ship brokering results today.

Investec don't seem to have supported their new client well since being appointed.

[edmundshaw] 19/10/2021 17:37

Super re-post rivaldo.

Good to hear that Felixstowe is starting to be freed up now (the most space since July), though obviuously problems continue and James Gundy does not seem too optimistic for the next 3-6 months... Looks like Braemar are not going to be hurting too much, however, with the freight agency operation working hard and rates still high. I imagine the relaying of loads via Antwerp etc onto smaller vessels is also putting pressure on some shipping capacity.

[grahamburn] 19/10/2021 14:50

rivaldo.... I hope you don't object, but I have taken the liberty to repost the above on the Ultimate Products bb (with a nod to your good self). It has some relevance to that company's operations as it imports significant quantities of its products from the Far East.

Thanks.

[tole] 15/10/2021 19:16

https://masterinvestor.co.uk/equities/as-easy-as-a-b-c-comments-on-ang-avg-avon-bms-brck-and-cau/Braemar Shipping Services (LON:BMS) – Trading Update makes these shares even more attractiveWednesday 3 November will see the interim results for the six months to end August being announced by my favourite shipbroking and services group.Across its Shipbroking, Financial and Logistics divisions Braemar employs some 520 people in 30 offices worldwide. Thursday morning's Trading Update stated that the strength in many of the group's markets should have seen its operating profit lift from £5.6m, for the period last year, up to £6.9m this year.That should see guidance now firming on a 21.5% advance for the full year to end February 2022 to £10.8m (£8.9m). Very positive indeed.Nice to see a company really gaining from the higher rates within the shipping sector. The group is a leading international Shipbroker. It also provides expert advice in shipping investment, chartering and risk management.Yesterday, after touching 275p at one stage, the group's shares closed at around the 263.5p level.Only a few months ago the shares were up to 323p, I feel that they will be up there again in a very short time frame.Will the immediate change of broker, to Investec Bank, help?Who knows – but we can only hope that they back their new corporate client.

[2vdm] 15/10/2021 07:59

Thanks Riv, well spotted. May help momentum

[rivaldo] 15/10/2021 06:39

More good coverage in the Times today:



"Broker sails on crest of a wave

A leading shipping broker expects its underlying earnings for 2022 to be ahead of previous expectations as the sector continues to thrive amid a supply chain crunch.

In a trading update, Braemar Shipping Services said that underlying operating profit for the year to February 2022 was expected to be £10.8 million, 21 per cent up from the £8.9 million it made in the year before and 15 per cent ahead of its previous guidance.

It also expects to announce an interim dividend of 2p per share.

Investors were upbeat about the company’s latest news, showing that it is in a very different position to last year, when it warned that earnings would take a hit as the pandemic dented global trade. Shares in Braemar closed up 14p, or 5.6 per cent, at 262½p, its highest single-day rally since May.

Global shipping activity has boomed over the past year as rising demand for commodities, a supply chain crisis and the rebound in manufacturing has helped to push up prices for dry bulk carriers, which transport large quantities of unpacked raw materials. The company will release its half-year results on November 3."

[rivaldo] 14/10/2021 22:47

Good to see BMS highlighted in tomorrow's Market Report in the Mail:



"Stock Watch - Braemar

Ship chartering and logistics group Braemar bobbed higher after saying trading was ahead of expectations as the pressure on global supply chains sparked a boom in demand for its services.

The company said its trading environment ‘continues to be positive’ and it expects profits for the year to the end of February 2022 to be £10.8million, 15 per cent ahead of its previous guidance and 21 per cent higher than the previous year.

Braemar also flagged a strong performance in its ship broking business, which helps to charter tankers and other cargo vessels.

Shares surged 5.6 per cent, or 14p, to 262.5p."

[cwa1] 14/10/2021 16:13

Makes the buyers happy...

[babbler] 14/10/2021 16:11

Every share has a damn seller at the moment...

[rivaldo] 14/10/2021 13:55

Paul Scott on Stockopedia is positive today and concludes thus:

"Stockopedia is showing a forward PER of only 9.7, which is before today’s upgrade, so it looks sufficiently cheap to be worth readers maybe taking a closer look for yourselves, if you are attracted to low PER shares. It can be good to look at shares which are simultaneously valued on a low PER, but putting out favourable trading updates amp; raising guidance. That’s a nice combination, which can be a prelude to upward share price moves, if the rising profits are sustainable."

He also points out that with Investec today appointed as sole broker in place of Finncap, research updates will not now be available on Research Tree to PIs. Finncap already seem to have dropped coverage as BMS aren't mentioned in their daily update. I agree that this is a shame, and is yet another indication that the impact of PIs and the retail market is often underestimated by the "City".

IMO there's quite a bit of upside here - Finncap had a 441p target, and that was before today's upgrade.

There seems to be a seller out there at present, but once he's gone the share price could be in the 300p's reasonably quickly.