Braemar Share Discussion Threads

[rimau1] 15/11/2022 07:51

I think Cenkos had 51p but they are still on track to exceed by a fair amount

[cwa1] 15/11/2022 07:51

Research from Cenkos...



Outlook and valuation. The order book was up 10%, $55.5m (FY22: $50.0m), with the outlook for the year positive. We maintain our forecasts following the interim results and the shares trade on attractive multiples with an underlying FY23E PE of just 6.3x and EV/EBITDA of 4.4x, considerably lower than the main listed comparator, Clarkson Plc. With a forecast 11.25p dividend for FY23E, the shares provide a prospective yield of 3.5%. At our DDM valuation of 470p, the shares would trade on 9.2x and 12.0x FY23E and FY24E PEs respectively, still a substantial discount to Clarkson (14.5x PE FY22).

[cwa1] 15/11/2022 07:40

If Carlsberg did results, might they look something like these? :-)

FWIW my notes had the normalised EPS forecast for 2023 as 41.6p as well...

[se81] 15/11/2022 07:34

They're miles ahead aren't they? 31.8p EPS in H1, I'm seeing 41.6p forecast for the FY- is that correct?

[rimau1] 15/11/2022 07:11

Excellent results, and more importantly a confident outlook statement. BMS remains seriously undervalued IMO on a single digit eps.

[cwa1] 14/11/2022 11:00

Not long to wait...

Notice of HY Results

Braemar Plc (LSE: BMS), a provider of expert investment, chartering, and risk management advice to the shipping and energy markets, is pleased to confirm that it will announce the results for the six months ended 31 August 2022 on 15 November 2022

A presentation for analysts will be held at 10.30 a.m. on 15 November 2022. For those wishing to join, please contact Buchanan at [e-mail] to request the joining details.

[tole] 07/11/2022 19:14

https://masterinvestor.co.uk/equities/braemar-tide-set-to-lift-shipping/

[whittler100] 03/11/2022 18:56

The market seems to like the RNS from BMS this afternoon:

Ten-strong Natural Gas desk will all start work at Braemar in November. The new desk will primarily broke EU gas, UK National Balancing Point (NBP) gas, and LNG, as well as European Union carbon allowances (EUAs)

The desk is a natural complement to Braemar's Securities desks

[tole] 03/10/2022 19:00

https://masterinvestor.co.uk/equities/small-cap-catch-up-featuring-zinc-media-avingtrans-bango-and-chamberlin/Braemar (LON:BMS) – strong dollar benefitsIn its Pre-Close Trading Update, issued yesterday, shipbroking group Braemar declared that it continues to benefit from the increased scale and breadth of its broking operations which have achieved significantly higher trading activity and transaction volumes during the Period.The company commented that trading had been very strong with all sectors of the core Shipbroking business generating higher revenue than in the previous six months.Revenue to 31 August 2022 is expected to be not less than £69m (£47m), an increase of 47%, with underlying operating profit for the period not less than £10.5m, an improvement of 88% (£5.6m).The group is a big beneficiary of the stronger dollar and that will feed through the figures this year. It is looking forward to the second half of the year with a high degree of confidence in the ongoing execution of its growth strategy.Analyst Ian McInally at Cenkos Securities has a Buy out on the group's shares, looking for £127.8m (£101.3m) revenues and adjusted pre-tax profits of £19.5m (£8.9m), which would pick earnings up at 51.0p (45.6p) and cover a dividend of 11.3p (9.0p) per share.The shares at the current 285p look seriously undervalued.

[mfhmfh] 30/9/2022 19:45

No share price reaction from yesterday's trading update.

[mfhmfh] 02/9/2022 10:47

hxxps://masterinvestor.co.uk/equities/abc-was-bac-on-yesterdays-performance/

[qs99] 02/9/2022 09:27

off to the races again today.

[cwa1] 30/8/2022 10:32

Investor Presentation

Braemar Shipping Services Plc (LSE: BMS), a leading international shipbroker
and provider of expert advice in shipping investment, chartering and risk
management services, is pleased to announce that James Gundy, CEO and Nick
Stone, CFO will provide a live presentation relating to the
Group's preliminary results for the year ended 28 February 2022 via the
Investor Meet Company platform on 31st Aug 2022 at 11:00am BST.

The presentation is open to all existing and potential shareholders. Questions
can be submitted pre-event via your Investor Meet Company dashboard up until
9am the day before the meeting or at any time during the live presentation.

Investors can sign up to Investor Meet Company for free and add to
meet BRAEMAR SHIPPING SERVICES PLC via:

[mfhmfh] 30/8/2022 10:27

from Edison:

'As a result, we have raised FY23 and FY24 PBT forecasts by 66% and 31% respectively and lifted our valuation from 400p to 520p per share on raised dividend expectations.'

[edmundshaw] 30/8/2022 09:50

Read-across to other businesses may reflect a strong dollar, but will also reflect ongoing high shipping costs.

[topvest] 30/8/2022 09:24

Well today's update was definitely worth waiting for. A refocused business with the core business absolutely flying!

An interesting read across for other businesses benefiting from a super strong US$ in the UK market. Maybe this effect hasn't been reflected in quite a few EPS forecasts on some smaller companies.

[cwa1] 30/8/2022 08:50

Edison research:-

[edmundshaw] 30/8/2022 08:42

I'd add on this fantastic news, but I already have more than enough having added after previous positive updates. Shipyards' order books are full into 2025, so tight shipping and newbuilding looks to continue for a long time. We are already looking at another massive 100%+ uplift in profits for the current year (ending in only 6 months' time!!). Rerating should be sustained and significant!

Stonking is a much overused word, so gangbusters will also do fine...

[mfhmfh] 30/8/2022 08:37

should be 400p. IMHO.

[cwa1] 30/8/2022 07:24

Prelims...



...as well as a Trading update on the same day...



Wow...the only word for those is...gangbusters :-)

[cwa1] 19/8/2022 15:08

Looks like the AGM resolutions threw up a couple of substantial votes against, which is noted in the narrative.

Also a change of name to Braemar PLC has been passed

[1knocker] 17/8/2022 16:03

Braemar has seemed cheap for years. The financial press has talked it up too, but nothing seems to move the share price up much.The dividends are not great either. A rise to 300 would be a welcome opportunity to sell the last my holding and have done with it. Here's hoping.

[tole] 17/8/2022 13:41

https://masterinvestor.co.uk/equities/small-cap-catch-up-featuring-rps-code-carr-and-others/And on Friday 19 August my favourite shipbroking group Braemar Shipping Services (LON:BMS) is due to hold its AGM for its year to end March 2022, however we have not yet seen the published accounts – an unusual situation.The restructuring of the group by its relatively new management is proceeding at quite a pace, hence the accounts hassles on implanting new acquisitions into the fold.I still see the shares as significantly undervalued at just 260p.

[cwa1] 17/8/2022 11:19

Decent pre-update update 🙂