Braemar Share Discussion Threads

[nimbus30] 02/6/2017 14:17

What is driving downward momentum....
60% revenue from broking which mainly USD which up 6% since last year on other hand baltic dry index down 30% so any upside looking rather distant prospect imo
Sound outfit but beginning to think cash could be working better elsewhere.
Thoughts?

[turbocharge] 02/6/2017 14:14

According to this site I'm looking at

Price crossed below the 200-day moving average on 01 Jun 2017 (Close Price 293.00)

Signal: Long-Term Bearish

[danieldruff2] 02/6/2017 14:08

It was more of a mystery why it went up recently

[spooky] 02/6/2017 14:06

Lets be honest, the last set of results ween't very good were they.

[shalder] 02/6/2017 13:57

Anybody know what's up here today?? Not the share price obviously...

[turbocharge] 15/5/2017 15:06

A largish trade from yesterday
12-05-17 16:15:40 00.00 15,000 OK 308.50 310.00

Any reason why it's being reported again today...
16:15:40 300.00 15,000 OK 308.500 310.00

[cwa1] 10/5/2017 11:38

Some(paid for) analysis bye Edison(will need free registration):-

[ed 123] 10/5/2017 09:52

Full year earnings per share were minus 1.66p. Even taking their underlying figure, it's only +8.73p and there's a dilution of about 10% in the background. At 300p-ish there's a lot of assumed recovery in the share price.

Their stated aim for the dividend is to cover it 1.5 times. So, they'd need to expect 21p of earnings longer term to justify this year's 14p. That would put it on about 4.5% yield and p/e of about 15 at 305p.

The share price is holding up well, at 305/310p. So, I guess the market believes the story.

[boonkoh] 10/5/2017 09:29

Wow, market was clearly expecting a better announcement this morning. But is it a surprise that Technical continues to underperform? I see that trend continuing at least for the next 6 months in the industry.

[rimmy2000] 09/5/2017 21:40

Results announced tomorrow

[warranty] 03/5/2017 10:07

You're lucky if you've only been in loss a few months Soi, for some of us it's been much longer and difficult watching the price fall ever further and much lower than I anticipated. I did add earlier so I'm happy to see it recovering and hope that if results are good next week it will climb even further. Certainly somebody seems to think so, so let's all hope they're right.

[soi] 03/5/2017 07:42

Hi Yes , also surprised at the strong recovery, glad about it as have been holding in loss for some months and just moved in to minor profit.
Shame I didn`t top up at lower but easy to think that now.

GL

soi

[psync] 02/5/2017 13:50

Anyone else surprised by the rally over the last month? Is someone expecting fireworks or was it just really oversold? Guess we'll find out next week.

[edmundshaw] 28/4/2017 21:47

Thanks Mount T. Yes, the Greeks know a bit about shipping, after over 2,500 years of it. The comment was meant in jest, but I didn't realise the Germans had been so badly burned. Obviously 900 years from the Hanseatic League onwards is not enough experience, though you'd think there have been enough shipping cycles in that time...

[mount teide] 28/4/2017 20:32

Edmund - the Greeks have proved to be the big and largely only winners in the shipping industry since the financial crisis sent the sector spiralling down into a near decade long recession.


Recently, technically bankrupt Greece once again became the worlds largest shipowning nation by value of ships owned, followed by Japan and China.

However, in light of the German attitude to Greek profligacy within the EU, there is a delicious irony behind how the savvy Greeks again became the World's premier commercial shipping Nation.

Until the global economic downturn of 2008, the demand for new shipping was relatively high, but as the effects of the crisis became more widely felt cargo freight rates turned savagely down. Many shipping companies soon found themselves seriously exposed, after foolishly building up huge fleets of ships and, large orders of newbuildings contracted at market high rates for delivery years ahead.

The subsequent effect on ship operating revenues was an entirely predictable waterfall drop off - as no industry can go on increasing its capacity by an average of 10% a year for nearly a decade when the growth in demand for global shipping averaged 3% a year.

Independent Greek shipowners that mostly pay no tax, courtesy of 'special industry exemptions' from their corrupt friends in Government, sold huge numbers of vessels in the run up to the top of the shipping market in 2008 to ignorant US investors and German KG partners who bought on the advice of their respective bankers, brokers and other intermediaries - hundreds of billions of dollars were thrown at shipping, regardless of the experience, quality or reputation of the shipping company or its principals.

After economic reality set in, ship charter rates eventually dropped over 90%. Surprisingly, Germany has come out as the country with by far the worst shipping portfolio. Gross mismanagement of the once-revered KG pension investment system has seen their funds almost completely wiped out at an estimated cost of up to $140bn dollars of bank debt and investor capital.

Over recent years savvy Greek shipowners have quietly been buying back the fleets of vessels they once sold to the now insolvent German KG Funds and quoted US shipping companies, often at firesale prices(20-30% of what they sold them for), and are quietly laughing all the way to the bank at the sheer incompetence of their so-called German and US shipping industry peers, as they build back up their fleets for the recovery stage of the next shipping cycle.

[svenice7] 28/4/2017 16:55

Importing EU goods

[freddie ferret] 28/4/2017 16:40

How do Europeans tax us insanely?

[svenice7] 28/4/2017 13:30

Think of the implications of a difficult Brexit and the Europeans decide to tax us insanely. BMS will have massive demand...

[gretel1921] 28/4/2017 13:27

Bought at 269 p
Time to take a profit.

[phillis] 28/4/2017 12:25

"However, the Technical division has continued to underperform. The previously outlined weakness in the oil and gas sectors has worsened further than the Board originally anticipated, impacting the division in several ways not least a marked deterioration in replacement work"

What i wonder has changed?

[emeraldzebra] 27/4/2017 18:01

Edmund - Thanks.....my post was a little misleading in so far as the shares have of course over £5 in a v bad market - however they were carrying the big divi then, but nonetheless seemed v over valued particularly as they were not much over £5 during the boom. Hasten to add i am not a tanker expert either - so given a better market there - you may see your £4 in the medium term !

[edmundshaw] 27/4/2017 16:09

Usually a new gang of idiots each time round. There is always another generation ready and willing to fail to learn the lessons of history... although you'd think the Greeks at least would know better! :) Other than that detail I agree with your post, although I was rather hoping for £4 to £4.50 in time. £3.50 would be a touch disappointing...

[emeraldzebra] 27/4/2017 15:55

Svenice -with respect... i have long experience with this one and would consider £ 5 way over the top in the absence of a steep increase in the dry market in particular. £ 5 was the price of the shares way back when cape sizes were earning over $130k per day, panamxes, $80k per day and asset values much higher too. Fine of course if the Co. are achieving a huge VOLUME of sales/turnover to make up for the huge shortfall in the value of each deal........but are they ??? The shares should climb back up to £3.50 in pretty short order. But beyond that a bit of a struggle until we see more balanced supply (tonnage)/demand (need for ships) situ.....another Chinese boom would help ! But then the usual gang of idiots would start building news ships..... again.....

[poleaxe] 27/4/2017 12:38

Lets hope so because i definitely over bought going down.