Braemar Share Discussion Threads

[rivaldo] 03/5/2007 16:06

Hello - cue Victor Meldrew impression..."I don't belieeeve it!"..does this count as a breakout in charting terms?

EDIT - :o((

[pec2004] 03/5/2007 14:58

I am flummoxed as to the stagnation in BMS`s share price given the strength of the BDI. Hopefully the results and forward looking statement will get peoples attention.

[rivaldo] 03/5/2007 14:47

Now this is interesting - JE Hyde shipbrokers were acquired today by ICAP. The price is unfortunately undisclosed, but Hyde had 54 staff and £1m assets, compared to BMS' 400 or so employees.

I wonder if this might trigger further corporate action or interest in the sector? Perhaps that's why CKN is strong given the court cases - I'd expect BMS to be caught up too if there's any sector buying.



"The marriage might seem a strange one, but as ICAP (IAP) chief executive Michael Spencer says the majority of its customers involved in the commodity derivatives markets have a deepening interest in expanding their portfolio to include a physical shipping market presence as well as freight derivatives.

'The commodities and freight sectors are major beneficiaries of China's transformation and the shipping market has significant growth potential. This acquisition gives us the basis for further expansion in these markets', he said.

In addition to its core business of dry cargo ship broking and the sale and purchase of ships, J.E. Hyde undertakes shipping market research, yacht broking and shipping website design. It will now trade as ICAP Hyde."

[rivaldo] 03/5/2007 13:29

The BDI is up yet again today, 14 points to 6,276.

[rivaldo] 03/5/2007 12:49

Seconded tiger. Not long to wait then. Slowly ticking up again today.

I'm getting more and more annoyed and puzzled over CKN! BMS owes me :o))

[gateside] 03/5/2007 12:23

Thanks tiger

[thetiger] 03/5/2007 11:52

Results due May 11th per Charles Stanley.

[idioterna] 02/5/2007 22:53

rivaldo - Clarkson soon have their AGM and it goes ex-dividend on June 1st so there is bound to be quite a bit of buying in the run up. Still suprised at the recovery though. Fickle mistress the market.

[rivaldo] 02/5/2007 16:20

I give up - CKN is now back to its pre court case levels. I'm giving up the markets! Perhaps more CKN shareholders might take profits now and move over here.

[rivaldo] 02/5/2007 14:43

Well, it's up another 7 today to 6,262. I get the feeling BMS is on the cusp of a breakout - anyone got a precise date for the results yet?

[idioterna] 02/5/2007 14:41

It'll be interesting to see if the BDI maintains this momentum as the USD strengthens.

[a3477681] 02/5/2007 10:15

Added a further 1000 today

[woracle] 02/5/2007 08:40

OT : Hi Rivaldo,

AEP is the best managed IMHO ( one could say conservative ) and most visible earnings but not highly geared and hence lower rating by market of 16 historical at the time of last results. But should get 40%+ EPS increase this year. RE. and MPE have the best potential acreage going forward but their plantations wont start to maturing for 3-7 years and they'll need a lot more capital to reach full potential ( REA accounced a placing for new plantings again this morning ). AEP and RE. are Isable. I did a comparison of the 3 over at AEP.. pity I missed out on NBP but they are a real tiddler and too illiquid.

The market has only recently starting to mark their prices up inline with Palm prices now but not enough I think in the case of AEP. I just wish they would with BDI and BMS !

[woracle] 01/5/2007 20:48

Idio, u should do well for years to come. The macro picture for Palm is very good indeed..Got to know AEP, MPE and REA pretty well but just noticed the tiddler NBP shoot up 60% today. Missed that one !

[idioterna] 01/5/2007 18:18

woracle - I've been into Palm Oil through a private capital investment in Indonesia for the past 9 years. The returns have been improving very well the past 3 years and I expect 2007 & 08 to be outstanding. As regards your choices.. NBP has already experienced a 100% rise this year and all the good news is baked into the share price (imagine if BMS had reacted in the same way to the BDI!), not just for 2007 but 2008 too. AEP appears to provide some excellent growth potential and diversified exposure. REA I have no idea about..

[woracle] 01/5/2007 15:03

Rivaldo, talking of indices reaching all time highs..u might be intrested to know Palm Oil did also this week..great play on long term growth of agricultural commodities, biodiesel and health.. check it out.. ;) AEP , REA and NBP today..

[rivaldo] 01/5/2007 13:45

I've replied on JTC's thread now pec.

[pec2004] 01/5/2007 12:50

On the page below we just passed the highest peak.



Rivaldo, JTCod would be interested in reading why BMS are a better play than CKN.

[woracle] 01/5/2007 12:41

Knew all u guys from CKN would join me on BMS eventually..welcome aboard ;)

[steve133] 01/5/2007 12:24

just picked a thousand up riv your legend keep up the good work.Its about time you started your own blog hoping jt comes in because you too together = gold

[rivaldo] 01/5/2007 11:54

Pec, I thought the BDI's all-time high was around 6,500 or so - presumably the BDI is different from the Dry Cargo Index?

Another interesting article I saw in the Times - it seems Britain's ports might also start geting clogged up this summer, which would have a further effect on freight rates:



"April 24, 2007

Strong pound will produce shipping crisis 'in months'
Suzy Jagger in Dubai and Carl Mortished

DP World, the world's fourth-largest port operator and the owner of P&O, gave warning yesterday that the strong pound was set to trigger a shipping crisis in the UK "within months" that would lead to congestion for carriers seeking to import goods, The Times has learnt.

The company said that the situation would deteriorate further within two to three years, when it expects "a tsunami" of international freight to clog some of Britain's biggest ports.

Michael Moore, a senior vice-president of DP World, said yesterday that freight volumes since the beginning of the year had risen by 15 per cent compared with the same period in 2005.

The squeeze is being felt in Southampton, where AB Ports, the operator, said that queueing was common for vessels entering the port. "Lorries have to book to enter the port to collect or deliver containers," a spokesman said.

Mr Moore attributed the increased traffic to the strength of the pound, which has made foreign goods far cheaper, and to the low price of manufactured goods from Eastern Europe and the Far East. He said: "Britain is going to have some real port problems this summer. We are already in talks with carriers to see if there are ways of increasing the efficiency of our processes to boost throughput but the problem is that soon there will be very little latent capacity."

Planning delays have held up the development of new port capacity in Britain. DP World is hoping to build London Gateway, a £1.5 billion deep-water container port at Shell Haven on the Thames Estuary. DP World has received "minded to approve" letters from the Government and talks are continuing.

London Gateway will have capacity for 3.5 million containers, but the first ships are not expected before 2010. When P&O Ports proposed the project, it was envisaged that the first containers would unload in 2006.

Other projects have suffered outright refusals, notably Dibden Bay, a plan to expand Southampton's container terminal, which was rejected by the Government in 2004.

Mr Moore said: "Of course, there are always other options. Carriers could go to Rotterdam or Antwerp or relay goods to smaller ports within the UK, but this is less efficient and will add on cost to the consumer."

A Department for Transport official said that it was unaware of other operators making such claims. "The department has already consented to additional capacity in Felixstowe South, Bathside Bay and Mersey, and applications for London Gateway, Teesport and Bristol are at various stages in the planning process," the official said. "It is now up to the market to provide the capacity as it sees fit and manage the capacity that it already has."

Global trade is growing at between 10 per cent and 12 per cent a year, but Mr Moore said that port capacity was not increasing at the same rate. He pointed out that more than 90 per cent of traded goods were transported by sea.

Another DP World spokesman said: "When you're working with existing facilities it is still very difficult to expand capacity.""

[pec2004] 01/5/2007 09:16

Has the BDI just reached an all time high?

Currently now have BMS as my second largest holding behind SOLA, looking for at least 500p in the short term once it breaks out.

[rogerbridge] 30/4/2007 22:57

Nice little article about coal in Moneyweek. It states that there is a queue streching for 38 miles of 71 vessels waiting to pick up coal bound for China at the north east Australian port of Avoca. Cinese demand for coal is forcast to grow by 47.6% this year.