Braemar Share Discussion Threads

[phillis] 23/1/2017 12:45

implies perhaps an annual divi going forward of 7p

[warranty] 23/1/2017 10:31

Yes all very disappointing but at least they didn't cut the dividend altogether and they still have little debt and a healthy cash position. It will certainly be a long hold but I'm tempted to average down as the core side of the business is still holding up well and the technical side will pick up in time. One to stick in the drawer for now but definitely not a time to sell.

[edmundshaw] 23/1/2017 10:29

Was expecting 30-40% divi cut. 50% is more of a rebasing but I suppose allows for re-hiking in the future. Still a reasonable yield at current prices...

The business will recover along with shipping cycle in due course.

[jon123] 23/1/2017 09:51

was expecting a divi cut but was expecting 5mish profit not the 3-3.5mil as you say a hold and a takeover potential nearly bought a few more earlier but decided to wait a few days or weeks see how the market pans out

[tsmith2] 23/1/2017 09:30

What's market cap?

[topvest] 23/1/2017 08:11

Not a good start to the week.

There's a big lag on orders in the technical division, I expect, so it does make sense to me. 14p dividend then, but not sure what the rebased dividend will be for 2018. Core business is performing well which is a relief.

Sounds like the Technical division will have lost £5-6m this year and so that is definitely the problem. Not inconsistent with Northbridge, Pressure Technologies etc. though. It will take a while for the recovery to happen. Taking £6m of cost out is definitely the way forward, until the market recovers.

Still a hold for me as there is no financial distress and they have a clean small cash position which is higher than prior year. Should recover in time and the dividend probably needed rebasing anyway.

Looks a bit of a target for a bid now as the core business is no doubt worth more than the market capitalisation. Technical services and Logistics worth not a great deal. Do wonder whether they wouldn't be better splitting the group into two and being a pure ship broking business, but they look committed to their diversified model. In any case, definitely not the right time to sell the advisory businesses.

[spooky] 23/1/2017 08:07

This really is a play on a bid, i don't have any confidence that current management is up to the job.

[wjccghcc] 23/1/2017 07:59

There will be a 12 month lag from oil price rising before technical starts to improve.

[trytotakeiteasy] 23/1/2017 07:55

not sure how much it all holds water... oil and gas prices are up but the group's technical division is still seeing weakness.....

[rivaldo] 23/1/2017 07:43

Wow - underlying PBT is now only expected to be between £3m-£3.5m, compared to the three analyst forecasts of around £8.5m! Is that correct or have I misunderstood something?

Another one where it was better to watch and wait. Phew.

[trytotakeiteasy] 23/1/2017 07:31

This company is really not great..

[jon123] 19/1/2017 20:08

if we are I hope its a gd one lol

[shalder] 19/1/2017 17:44

Are we expecting a trading update soon as per last year?

[w1ndjammer] 17/1/2017 12:00

nice picking up some momentum now.

WJ.

[svenice7] 14/1/2017 08:12

If oil picks up £5.

[warranty] 12/1/2017 16:59

I'm hoping for one Gateside and after Clarkson's hope it's a positive one and the dividend is held. If that happens we should see a major uptick and hopefully a rise back to fair value around £4 in my view. Fingers well crossed.

[gateside] 12/1/2017 15:54

Trading update last year on 14th January, so hopefully we'll soon get an update.

[gateside] 12/1/2017 15:52

Full steam ahead (hopefully)

[w1ndjammer] 12/1/2017 15:30

are we going to close above 300

WJ.

[edmundshaw] 09/1/2017 17:40

We shall see...

[emeraldzebra] 09/1/2017 11:17

insert 'overly' before 'optimistic'.

[emeraldzebra] 09/1/2017 11:15

350p VERY much on the optimistic side for a few months....

[neilyb675] 06/1/2017 10:41

No resistance until 350p ?

[w1ndjammer] 06/1/2017 10:30

Looks like the worm could be turning, guess we are looking for a close above 340p
to signal a break out.

WJ.