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Share Name Share Symbol Market Type Share ISIN Share Description
Braemar Shipping Services Plc LSE:BMS London Ordinary Share GB0000600931 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 253.00 729 08:00:00
Bid Price Offer Price High Price Low Price Open Price
251.00 255.00 253.00 253.00 253.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 111.78 9.36 16.24 15.6 81
Last Trade Time Trade Type Trade Size Trade Price Currency
09:13:06 O 729 251.08 GBX

Braemar Shipping Services (BMS) Latest News (2)

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Braemar Shipping Services (BMS) Discussions and Chat

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Date Time Title Posts
21/6/202217:23BMS with Charts & News2,710
14/3/201609:16Braemar Shipping Services3
28/5/201517:16BRAEMAR SEASCOPE117
17/1/201408:22*** Braemar Seascope ***13

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Braemar Shipping Services (BMS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
08:13:07251.087291,830.37O
2022-06-29 16:23:38251.0020,00050,200.00O
2022-06-29 16:23:24253.0020,00050,600.00O
2022-06-29 12:04:35253.25126319.10O
2022-06-29 11:55:12250.002,1245,310.00O
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Braemar Shipping Services (BMS) Top Chat Posts

DateSubject
30/6/2022
09:20
Braemar Shipping Services Daily Update: Braemar Shipping Services Plc is listed in the Industrial Transportation sector of the London Stock Exchange with ticker BMS. The last closing price for Braemar Shipping Services was 253p.
Braemar Shipping Services Plc has a 4 week average price of 252.50p and a 12 week average price of 239.50p.
The 1 year high share price is 312p while the 1 year low share price is currently 197.50p.
There are currently 32,200,279 shares in issue and the average daily traded volume is 67,962 shares. The market capitalisation of Braemar Shipping Services Plc is £81,466,705.87.
21/6/2022
17:23
cwa1: Increase in holding just announced:- https://www.investegate.co.uk/braemar-shipping--bms-/rns/holding-s--in-company/202206211700556949P/
25/5/2022
22:18
1knocker: BMS is a dog.Nothing seems to move the share price up, and the dividend is not great either. I am making out like a bandit on Star Bulk Carriers (up 35% since my purchase late last year, and the current divi is over 35% pa of my purchase price. Zim is going great guns too. The market seems to have no confidence in BMS. It may have analysts talking of £4, but will it even make £3? History is against it holding such a level, even it reaches it. If we get any decent spike up, I'm out. Probably ought just to take the medicine and flog it now. Better prospects elsewhere. Sorry to pour cold water, but realism is all in investing.
25/5/2022
17:53
tole: https://masterinvestor.co.uk/equities/quick-small-cap-catch-ups-bms-sur-and-saa/Braemar Shipping Services (LON:BMS) – 400p a share valuationThe leading international shipbroking group employs some 360 people across the globe, operating from 14 offices for both its shipbroking and its financial divisions.It is enjoying strong trading and is currently operating ahead of management expectations.Towards the end of next month, we will see the group declare its results for the year to end February.On Monday of this week Edison Investment Research initiated coverage of the group, which by now you must have realised, is one of my favourites.Andy Murphy, the Edison analyst, is looking for revenues to have fallen from £111.8m to £101.1m for the last year.Pre-tax profits, however, could well have ended the year up from £8.1m to £8.7m, worth 20.8p (20.0p) in earnings but with a leap in the dividend from 5.0p to 7.0p per share.For the current year to end February 2023 he sees £105.2m revenues, a much better £11.5m profit, with earnings leaping to 27.9p and even a 2p lift in dividend to 9.0p per share.What really encourages me about Edison's new coverage is that they are valuing the group's shares at a 45% premium to the current 275p in the market.So, a 400p valuation tag underlines my continued enthusiasm for the company and its shares.Could they be a short-term purchase just ahead of the figures to be announced in a few weeks?Whatever you do as a holder, just stay firm.
20/5/2022
07:17
cwa1: 20 May 2022 Update on current trading and publication of full year results for the year ended 28 February 2022 Braemar Shipping Services Plc (LSE: BMS), a leading international Shipbroker and provider of expert advice in shipping investment, chartering and risk management services, is pleased to confirm that it expects underlying operating profit* for the financial year ended 28 February 2022 ("FY22") to be in line with the board's previously upgraded expectations of at least GBP9.8m (FY21: 7.7m). Trading in the new financial year is strong and the Group is benefitting from both its increased scale and the current favourable market conditions. Current trading is well ahead of the board's previous expectations set at the start of the new financial year, with the result that underlying operating profit for the year ended 28 February 2023 is now expected to be not less than GBP12m against existing market consensus of GBP10m. As a result of the strength of current trading, positive outlook and confidence in its growth strategy, the board now expects to recommend a final dividend of 5p per share for FY22 making a total of 7p for the financial year (FY21: 5p per share). The board now expects to release its full audited results for FY22 in the latter half of June 2022, to allow time for the Group's auditors to complete their work including in particular the audit work on the sale of Cory Vertom which was completed just prior to the year end. Further details of the results publication will be provided in due course.
13/5/2022
18:12
tole: https://masterinvestor.co.uk/equities/small-cap-catch-up-macf-bms-vtu-and-cto/Braemar Shipping Services (LON:BMS) – shares ready to sail awaySeeing the statement out earlier this week from shipping market peer group giant Clarkson reminded me that Braemar is due to be announcing its full year results, to end of February, on 25 May.Clarkson is apparently going like a train, so I would expect to hear very similar comment coming from this shipbroking, investment, chartering and risk management specialist.We have already been informed that it enjoyed strong trading in its last year, while its start to the current year has seen the strong trends being continued.About this time last year, the group's shares were trading up at 323p, since when the equity market has endured various ups and downs, as too have its shares.Touching a 198p low late last November, they have subsequently improved to trade around the current 260p level.I am a big fan of this group and the sector in which it trades, accordingly I consider that its shares are undervalued ahead of the full year results being published in less than two weeks' time.
04/3/2022
12:37
1knocker: This company has been out of favour for a long time. I suspect that the market is not much impressed with 'green shoots', and sees no hurry to buy in. I think it may take a while, and several years of sustained improvements in results, before the share price rises to the levels we have hoped for. For the first time in many years I made a small top up last year, at 234. I am not tempted to make another at present. It might have been better to have sold what I already had. I am up 20% up on a recent purchase of Star Bulk Carriers, have one huge dined already banked and it has gone ex dividend today for another (60% up on the last!). Shipping is a cyclical industry. There is a lot to be said for companies which are set up to surf the waves and are throwing off profits by the bucketload, and passing them on to the shareholders.
21/1/2022
11:59
whittler100: We all have our reason to buy and sell shares in a company; after all, that’s what makes a market. My thoughts on buying into BMS in early December 2021 are shown below; just sharing my reasoning and not a recommendation in any way: When I first bought Clarkson CKN (I no longer hold), they and Braemar BMS were around the 200p mark: Clarkson had sound management that developed the business (now share price around £37). Clarkson has been a very well managed business yet Braemar has lurched from poor acquisition and lack of direction from a rather, now departed CEO. Braemar has a refreshed team now leading the company with the previous head of the shipbroking service, James Gundy, taking over as CEO in January 2021, a new chairman in 2021, and a fairly fresh CFO as of 2019. Poor directors don’t become good directors so a refresh for a turnaround is IMO very important. The new CEO James Gundy does not strike me as a particularly charismatic type but seems to have a clear focus on the direction of the business. The Bull Case: The old management has been jettisoned and a fresh CEO with over 30 years experience in shipbroking, including time at Clarkson’s, is now in charge supported by what appears to be a competent CFO. We in effect have a new broom and let’s hope it’s as successful as Triggers Broom from Fools & Horses. The non-core businesses which were often loss-making and acted as a handbrake on the company have been jettisoned & funds used to strengthen the balance sheet. The focus of the business under the strategy set out by the new CEO is on the core shipbroking and smaller corporate finance operations. I do dislike nil-cost LTIPs but a careful analysis of the terms of the LTIP shows that the management will collect zero rewards unless there is substantial share price movement over the next 3 years measured from June 2021. In order for the full LTIP to be awarded, the share price will have to essentially double by 2024. I am comfortable with this. Should the new strategy succeed then the valuation of BMS will hopefully get a decent percentage gap closer to that of the successful Clarkson which trades on a PE almost three times higher than that of BMS. A clear part of the strategy is the intention to double size of the business within four years via a mixture of both bolt-on acquisitions and organic growth Margin: the current EBIT Margin is 8.6% and forecast to rise to 10.2% by 2024 yet if they are successful then maybe they will get a touch closer to Clarkson’s EBIT margin of 16% Current trading in the subsector, essentially BMS & CKN, are buoyant. In the last 5 months BMS has issued two “Ahead” TUs and the most recent TU says in-line with recently upgraded expectations. In early December CKN issued an “Ahead” TU. Skin in the game: The CEO Grundy owns just over 2% of the business & has recently bought a further 23,000 shares on 3/12/21 @ 210p & the CFO, Nick Stone, bought 10,000 @ 214p. Add to that the number of potential shares awards in the LTIP. I think they have every reason to drive the business and manage it like owners. Any Share dilution? No, the share count has been fairly steady over the past 7 years Dividends: currently set at a handy but not outstanding 2.5% & all being well, it should increase steadily but not IMO be the sole reason to own the stock. The Bear Case: Whilst the new management talks a good fight, they could prove to be as incompetent as the previous management. What if for whatever reason there is a serious downturn in shipping demand and prices and thus commission fall. The Free Float may not be attractive to some investors @ 53% & the spread is wider than that of CKN. All just my thoughts and reasoning as to why I see BMS as a decent long term hold whilst we give the new management time to deliver hopefully following somewhat on the path of the very successful CKN
05/1/2022
17:52
tole: https://masterinvestor.co.uk/equities/small-cap-comment-featuring-bms-alu-snws-and-flo/Braemar Shipping Services (LON:BMS) – at a discount to its peers The recent improvement in the share price follows on after the excellent results from its very much larger peer group player Clarkson. That company's figures have made certain investors realise the discount at which Braemar is trading currently. There should be a bullish Update on the current year's trading being announced within the next two months. The fiscal year ends on 28 February and what an eventful year it has experienced especially in its shipbroking business. After falling away to just 200p at the beginning of last month, the company's shares closed strongly at 271.5p by last night. Is the market now expecting to hear bullish news with its profit expectations being surpassed? I see them over the 300p level very soon, with last year's 323p peak an obvious objective.
30/11/2021
20:25
shalder: Might be worth noting that today the CKN share price dropped by a similar percentage to BMS, although the cumulative CKN fall from the recent peak remains much less. This could reflect fears re the impact of Omicron on shipping markets generally. It will still be interesting to see if the upcoming presentation cites company specific reasons for the share price weakness.
14/10/2021
13:55
rivaldo: Paul Scott on Stockopedia is positive today and concludes thus: "Stockopedia is showing a forward PER of only 9.7, which is before today’s upgrade, so it looks sufficiently cheap to be worth readers maybe taking a closer look for yourselves, if you are attracted to low PER shares. It can be good to look at shares which are simultaneously valued on a low PER, but putting out favourable trading updates amp; raising guidance. That’s a nice combination, which can be a prelude to upward share price moves, if the rising profits are sustainable." He also points out that with Investec today appointed as sole broker in place of Finncap, research updates will not now be available on Research Tree to PIs. Finncap already seem to have dropped coverage as BMS aren't mentioned in their daily update. I agree that this is a shame, and is yet another indication that the impact of PIs and the retail market is often underestimated by the "City". IMO there's quite a bit of upside here - Finncap had a 441p target, and that was before today's upgrade. There seems to be a seller out there at present, but once he's gone the share price could be in the 300p's reasonably quickly.
Braemar Shipping Services share price data is direct from the London Stock Exchange
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