Braemar Share Discussion Threads

[idioterna] 15/6/2007 15:53

Rivaldo - I said I was ruthless. I have trailing stops and always move them up with the share price. I am also looking forward to the AGM statement, but don't expect any suprises, unless the bunker business has been offloaded. Ex-dividend on July 4th.

[rivaldo] 15/6/2007 14:46

Now that's not what I call long-term investing :o))

The BDI has stabilised a bit, down just 44 at 5,258. Still around double the levels this time a year ago.

The AGM statement is due in just 5 days on June 20th. I'm very much looking forward to it.

[idioterna] 15/6/2007 12:26

Pheew! I was going to sell if the bid dropped below £4.

[rivaldo] 15/6/2007 11:54

Now that's what I call long-term investing :o))

Despite the rise today the price is still well below the directors' buying prices.

[idioterna] 14/6/2007 15:51

rivaldo - I'm not going to panic, I began accumulating my holding way back in 2000, so my average price is under £2.

[rivaldo] 14/6/2007 14:30

Well, the BDI is down to 5,305 today. Better start panicking Idioterns!

Funny really. The share price today is roughly the same as it was at this time last year, yet:

- H1 PBT is likely to be way ahead of last year's
- the BDI is even now double where it was this time last year
- BMS has made a series of acquisitions and diversified nicely since last year
- directors have just bought around £100k of stock at above the current price
- and the fundamentals are great, including a pile of cash

[idioterna] 14/6/2007 09:41

The outlook might well be rosy now, but if the BDI continues to fall at this rate throught the rest of the summer it won't be a pretty picture come september. Just because directors purchased at the peak of the BDI doesn't mean I have to. Anyway, the directors may have an incentive scheme? i.e., for every share purchased they get a freebie. I'm not too worried, but I have already reduced my Scandinavia based shipping holdings and will be equally ruthless in the UK if we see another 400 points off the BDI in the next 8 days.

[rivaldo] 13/6/2007 19:08

Well, the BDI is down to a still very high 5,407, and buyers can now get in at below the price the directors paid recently for £100,000 of stock!

The AGM is in a week on 20th June. Given the director buying and the positive outlook I can't see the statement being other than rosy.

[the dog catcher] 12/6/2007 23:20

There was a good reason for taking profits on Golden Ocean (up over 300% in the last year) and Frontline (up from recent lows of 190 to highs above 280 despite weakness in tanker rates, spinning off Ship Finance Intl and still yielding 13pct for a huge rate of return)! Incidentally both companies are out of the same stable. However though I agree that an awful lot of tonnage is due, almost every new launch is another tranche of comm for BMS! Long live world growth rates aswell...

[idioterna] 12/6/2007 14:50

The BDI is now at 5500, as I suggested a month ago. This a key level for me, and if I see another 500 points come off I am selling out of the sector. There are an awful lot of ships coming on-line next year.

[rivaldo] 11/6/2007 23:04

The BDI is now at 5,661, down 75 today, but still at historically extremely high levels.

And BMS was up well today, which is nice.

[idioterna] 07/6/2007 16:34

There's quite a lot of sell recs coming out on shipping companies around the globe now...

07 Jun 2007 15:30 GMT


Oslo shares close lower, led down by Frontline, Telenor, Golden Ocean UPDATE
(Updating with full report)

OSLO (Thomson Financial) - Share prices closed lower, led down by Frontline, after a broker advised investors to sell now, by Telenor following new developments in its drawn-out dispute with Alfa Group over Russian mobile operator VimpelCom, and by Golden Ocean, brokers said.

The OSEBX Benchmark index closed 3.89 points lower at 485.41 and the OSEAX All Share index shed 3.53 points to 554.03.

Total turnover amounted to 11.59 bln nkr.

Dealers said investors remain nervous about the US interest rate and inflation situation, which has generated negative sentiment on many markets.

Frontline closed 8 nkr lower at 257.5 after SEB Enskilda advised investors to "sell now" on concerns about the shipping group's market prospects, dealers said.

SEB Enskilda, which has a price target of 180 nkr on Frontline, warned that the risks were weighted more towards the downside at Frontline, as concerns over the oil market prospects could mean weaker-than-expected vessel charter rates.

Frontline has sold its entire holding of 25.5 mln shares in recent spin-off of Sea Production at a price of 15.75 nkr per share, earning it a cash windfall of approximately 67 mln usd.

Frontline said the share sale is in line with its strategy of remaining "a pure crude oil transportation company".

Golden Ocean fell 0.7 to 16.3. Peers Mitsui O.S.K. Lines and Kawasaki Kisen Kaisha (K-Line) fell overnight after downgrades at Mizuho Securities, which sees a risk of lower freight rates for bulk transport, dealers said. Mitsui was cut to 'hold' from 'buy', while K-Line is now 'reduce' vs 'hold'.

Freight rates for the large bulk carriers (Capesize) are also the lowest for seven weeks, the dealers added.

[rivaldo] 06/6/2007 12:07

Looks like some computer algorithm went a bit batty this morning judging by the AT trades :o)) The price now is only just above the directors' buying prices.

EDIT - the BDI was down 35 to 5,988 for the record.

[pec2004] 06/6/2007 11:43

Someone got a bargain at 412p today.

[lew stules] 05/6/2007 15:15

Most interesting - thanks Rivaldo.

[its the oxman] 05/6/2007 15:09

nice to see a firm rise now in place - set to test 500p hopefully, and give us a nice div on the way

[rivaldo] 05/6/2007 15:06

Lew, I find doing a Google is quicker than anything else in coming up trumps. Try this for an explanation:

[lew stules] 05/6/2007 14:34

Sorry I am a fairly new investor on this share.

Would someone be kind enogh to explain what the BDI is?

I have invested on the fundamentals however I am unfamiliar with this term.

Thanks in advance.

Lew

[rivaldo] 05/6/2007 13:39

The BDI is up another 12 today to 6,023.

[rivaldo] 05/6/2007 11:34

Stretching out to new highs now. The spring 2006 465p price peak is in sight - but the differences between then and now are:

- the BDI is far, far higher now
- BMS's business is healthier and more diversified
- and we've had heavy director buying recently

[rivaldo] 04/6/2007 22:27

Nope, not till 4th July - a 12.25p final divi coming our way at that point.

[pec2004] 04/6/2007 15:42

Do they go ex div shortly?

[rivaldo] 04/6/2007 15:41

New highs now....and the BDI has gone back up, up 28 today to 6,011.

[rivaldo] 31/5/2007 09:27

Looks like the market's finally taking note of the director buying and the prospects here - interesting to see if the BDI stabilises or not, but it doesn't really matter too much. As stated by others here, there could be another 20% fall from here and the BDI would still be at extremely high/satisfactory levels.

No Russian court cases here either!

[the dog catcher] 31/5/2007 00:41

You might notice a few MV's being S&P'd.....