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% 220.00 33,298 08:00:03
Bid Price Offer Price High Price Low Price Open Price
218.00 222.00 221.00 220.00 220.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Industrial Transportation 120.79 4.86 12.88 17.1 71
Last Trade Time Trade Type Trade Size Trade Price Currency
16:16:51 O 3,000 220.40 GBX

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Date Time Title Posts
01/4/202120:54BMS with Charts & News2,584
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

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Braemar Shipping Services (BMS) Top Chat Posts

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 220p.
Braemar Shipping Services Plc has a 4 week average price of 211p and a 12 week average price of 198p.
The 1 year high share price is 256p while the 1 year low share price is currently 92.50p.
There are currently 32,086,351 shares in issue and the average daily traded volume is 61,485 shares. The market capitalisation of Braemar Shipping Services Plc is £70,589,972.20.
topvest: The share price has had a strong run, so maybe profit taking has come to play. I was thinking of exiting, but I think I will stay aboard. The strategy looks sensible. Dispose of the peripheral business and invest in ship broking which is worth over £100m on its own.
this_is_me: That is the problem with round figures, particularly at historic resistance or support levels - people sell for no other reason keeping the share price from rising until they are cleared.
this_is_me: Yes, the share price has now reached a level not seen since 2018.
haywards26: A lovely share price movement and great looking chart :)
mayojames: Maybe share price dropped as cannot understand why sell half the holding to get some cash from a company that may add real value linger term
thirty fifty twenty: i think that b/c AB will no longer have a 20% shareholder that it will give AB more liquidity. I can imagine institutions not being too keen on AB b/c of the large third party shareholding. So i think the benefits for BMS are 2 fold (1) it will highlight the hidden value in its balance sheet (2) it reduces debt considerable thus de-gearing and de-risking BMS (3) it will allow AB to attract a higher rating and thus benefit BMS for the remain 10m shares. As you say pireric - we will know a bit more shortly All IMHO, DYOR + BoL BMS is in my top5 hldgs
mayojames: its not the market but how good the brokers are at working it - but also the share price bit more than this as already seen the brokers in Braemar good but the directors/direction over time not so and not seeing big difference unless you did buy in thr trough - also wonder what the non execs adding to to the price realse a plc needs but would be great if input in industry adds value
pireric: For arguments sake.... what would accretion look like if CKN did buy BMS (completely theoretical, and as another poster has mentioned, perhaps not likely given area of focus etc). Ignores £16m AB stake etc. CKN 2019 underlying EBIT 50.5m Net cash earning pretty much zero interest return = £88.8m at last report Pretend they table a bid for BMS at 250p = £93.8m outlay Assume debt of £20m (February 2021 end forecast) New net debt position £25m Braemar 2020 underlying EBIT £9.6m on revenues of £121m Assume they can get 2% of revenues in cost synergies so £2.5m Pro forma underlying EBIT of £12.1m Accretion to EBIT 24% Cost of net debt at 2% = £0.5m Accretion to EPS approximately 23%. New leverage post deal of 0.4x to EBIT, closer to 0.25x levered on EBITDA At £3 for BMS, accretion to EPS would be >20%. New leverage post deal of 0.7x to EBIT, closer to 0.5x on EBITDA Goes to show how conducive it is to do M&A in this interest rate environment if you have a strong balance sheet and cash which is earning you close to nil return. Eric
haywards26: Bought in this morning @ 150 having followed BMS for many years. Feels to be undervalued given the last results. I look forward to the divi yield and share price appreciation in due course :)
thirty fifty twenty: the value of BMS's stake in AB has soared since AB announced results and more recently a acquisition. AB seems to have bedded in the acquisition last year very well and are very confident to achieve 3.5m of cost savings with the new merger. so it is no surprise that the AB share price has risen from c5.5NOK to closer to 10NOK. I think the price has risen not just because of the future profit growth, the merger savings but also size will give them critical mass and the mgt team have obviously spotted a niche in their markets. All of this is excellent news for BMS. their holding of c.19m AB shares and potentially 6m warrants means the quoted stake has a value of c.£20m GBP. of course the share price of AB can go down as well but for my analysis it allows me to net off almost all of BMS debt. which leaves CASH profits of c.12m to c.14m for a MV of 45m. That seems an attractive value investment risk/reward to me. All IMHO, DYOR + BoL BMS is in my top5 hldgs
Braemar Shipping Services share price data is direct from the London Stock Exchange
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