Braemar Share Discussion Threads

[philo124] 20/5/2005 14:01

I have bought this & CKN today; both undervalued.
Philo

[grgkecer] 18/5/2005 17:07

The results, while good, were very much in line with Clarkson's, and contained no surprises.

[deadly] 17/5/2005 23:28

Noone interested in excellent results and outlook today? Suppose everyone's sold already..........



Braemar Seascope Group PLC
17 May 2005

For immediate release 17 May 2005

Results - Year ended 28 February 2005

Braemar Seascope Group plc (the 'Group'), a leading provider of shipping
services, today announced full year results for the year ended 28 February 2005.

HIGHLIGHTS


• Turnover including joint ventures up to £46.3m (2004: £30.8m)
• Pre-tax profit before goodwill and exceptionals up 73% to £9.0m (2004:
£5.2m)
• Pre-tax profit up 73% to £7.1m (2004: £4.1m)
• Adjusted EPS before goodwill and exceptionals up 60% to 32.31p (2004:
20.16p)
• Basic EPS up 70% to 23.67p (2004: 13.96p)
• Operating cash flow up 88% to £11.0m (2004: £5.9m)
• Final dividend 10.0p per share, full year 16.0p (2004: 13.00p) up 23%
• Seawise Australia acquired and performing well

Commenting on the results and outlook, Sir Graham Hearne, Chairman, said:

'I am delighted to report a year of record profits for the group. The shipping
market was exceptionally strong for much of 2004 and our shipbroking business
has prospered. Activity levels, ship values and freight rates have all been
boosted by the worldwide increase in seaborne trade.'

'The shipping market has continued strongly during our first fiscal quarter. It
is undoubtedly the case that the benefit to shipping over the last year or more
has been driven by industrial growth in Asia supported by a healthy trade with
many countries. The outlook for shipbroking remains positive while these
favourable market conditions persist

[grgkecer] 16/3/2005 09:42

Clarkson Final Results:

[sandbank] 11/3/2005 07:48

All credit to RIVALDO - who spotted this news item this morning:-

rivaldo - 11 Mar'05 - 07:30 - 210 of 210

Maybe a mystery no more...

From the ADVFN news round up today:
Express
SHARE WHISPER: BRAEMER SEASCOPE and CLARKSON (rumours that a
Japanese predator is stalking both firms)

[sandbank] 10/3/2005 08:05

Bit of a welcome lift in BMS this morning

[diogenesj] 01/2/2005 18:25

That's the fear, tiswas, which is why a lot of people (including me) sold when it turned down.

[tiswas] 01/2/2005 17:49

Why are BMS and CKN both falling. Is this really such a cyclical businesss that earnings will start falling?

[cat] 15/12/2004 22:42

except he may feel that they will benefit from protection from a tax shelter such as a pension....

[diogenesj] 15/12/2004 22:09

Andrbea: Mr Marsh did not acquire 100k shares, but transferred some shares he already had into his pension fund. There was no change in his beneficial interest, according to the RNS today.

[savogi] 15/12/2004 20:24

Why CKN is going down? i don't know and i am not interested,let the market decide that CKN is a better value than BMS, shall we. right now the chart looks very bullish and 4.50 is on the card.

[andrbea] 15/12/2004 18:06

Braemar Seascope - alan Marsh, CEO, acquired 100,000 shares at 405p today

[andrbea] 15/12/2004 12:35

isn't it simply that bms is (still) enjoying the vibes of their last upbeat RNS, while ckn hasn't given us one

[lafiamma] 15/12/2004 12:33

I keep nipping in and out of BMS, but then I see CKN go down and jump out of BMS expecting it to follow it's bigger brother, however, it's not so...

Frustratingly I've currently got all my CKN/BMS eggs in CKN.

laf ;o/

[diogenesj] 15/12/2004 12:25

Many of us are in both, laf - but I still can't understand why CKN has gone down recently, while this just steams ahead.

[lafiamma] 15/12/2004 08:58

We're all in CKN, with it's unjustifiably lower rating. It amazes me how this goes up while CKN goes down, only thing I can think of is people are betting on consolidation and perhaps speculatively thinking that CKN might gobble up BMS...

laf ;o/

[savogi] 15/12/2004 08:56

It does amaze me that not many investors are here, this is safe stock with very solid fundamental. now we have broken through £4 and xd is behind us £4.50 is on the card.

[savogi] 07/12/2004 16:36

What beauty BMS is, recovering and will be trading over £4 soon again.
my target was £4 by xmas, i believe £4.50 is achievable by early next year.

[savogi] 07/12/2004 14:23

Great opportunity to buy some more, just added. also added to ADN at 113.

[morose] 02/12/2004 10:53

Probably more traders - and fly by nights, in and out of CKN.

BMS just nicely ticks upwards almost un noticed, CKN more volatile for the above reasons but still heading in the same direction as BMS.

[andrbea] 02/12/2004 09:43

UK's shipping revenue seen way above 1b estimate
Business Times Singapore (subscription), Singapore - Nov 29, 2004
... Braemar Seascope, originally a shipbroker, is indicative of the way some British companies are expanding from their core bases to expand the range of services ...



(that's all I have I'm afraisd, it's a paid subscription link)

[insideryou] 01/12/2004 12:27

savogi, hope your back in now its broken £4

[diogenesj] 22/11/2004 13:23

Never quite understood that, CR - you've just got to have both, I suppose.

[cat] 22/11/2004 10:15

cr- got to agree with you there. Charts of both companies are outstanding however.