Braemar Shipping Services Share Price (BMS)

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
	3.00	1.71%	178.00	21,396	09:09:47

Bid Price		Offer Price	High Price	Low Price	Open Price
176.00		180.00	178.00	175.00	175.00

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Industrial Transportation	120.79	4.86	12.88	13.8	57

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
09:53:57	O	236	180.00	GBX

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Royal Mail (RMG), Bba Aviation (BBA), Sutton Harbour (SUH), Mercantile Ports & Logis... (MPL)

Braemar Shipping Services (BMS) Latest News

Braemar Shipping Services News

Date	Time	Source	Headline
23/11/2020	19:09	ALNC	UK TRADING UPDATE SUMMARY: ReNeuron Plans Fundraise To Support Study
23/11/2020	10:22	UKREG	Braemar Shipping Services PLC AqualisBraemar Acquisition of LOC Group
13/11/2020	07:00	UKREG	Braemar Shipping Services PLC Director/PDMR Shareholding
11/11/2020	16:21	UKREG	Braemar Shipping Services PLC Interim Results -- Updated
11/11/2020	14:45	ALNC	IN BRIEF: Braemar Shipping Names Shipbroking Head As New CEO
11/11/2020	07:01	UKREG	Braemar Shipping Services PLC Appointment of Group Chief Executive Officer
11/11/2020	07:00	UKREG	Braemar Shipping Services PLC Interim Results
10/11/2020	19:09	ALNC	UK TRADING UPDATE SUMMARY: Global Ports Sees 99% Passenger Plunge
10/11/2020	07:00	RNSNON	Braemar Shipping Services PLC New Partnership with V.Ships Leisure
03/11/2020	21:05	ALNC	UK TRADING UPDATE SUMMARY: Victoria Waves Off New Month-Long Lockdown

More Braemar Shipping Services News

Braemar Shipping Services Investors Braemar Shipping Services Takeover Rumours

Braemar Shipping Services (BMS) Share Charts 1 Year Braemar Shipping Services Chart
1 Month Braemar Shipping Services Chart	Intraday Braemar Shipping Services Chart

Braemar Shipping Services (BMS) Discussions and Chat

Braemar Shipping Services Forums and Chat

Date	Time	Title	Posts
16/1/2021	22:59	BMS with Charts & News	2,529
14/3/2016	09:16	Braemar Shipping Services	3
28/5/2015	16:16	BRAEMAR SEASCOPE	117
17/1/2014	08:22	* Braemar Seascope *	13

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Braemar Shipping Services (BMS) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
09:53:58	180.00	236	424.80	O
09:32:07	180.00	555	999.00	O
09:27:09	180.00	23	41.40	O
09:19:01	177.00	914	1,617.78	O
09:15:58	180.00	5,430	9,773.99	O

View all Braemar Shipping Services trades in real-time

Braemar Shipping Services (BMS) Top Chat Posts

Date	Subject
18/1/2021 08:20	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 175p. Braemar Shipping Services Plc has a 4 week average price of 145p and a 12 week average price of 119p. The 1 year high share price is 221p 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 91,809 shares. The market capitalisation of Braemar Shipping Services Plc is £57,113,704.78. Read Full Thread Reply
16/1/2021 22:59	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 Read Full Thread Follow Reply
14/1/2021 13:45	mayojames: Well said this-is -me /especially in this business where the personal connection to the clients often stronger than a brand name. Also feel my last post looked at whom may target Braemar and more research indicates my thoughts off course. More interesting is how Aqualis delivers to the group and where the new CEO invests energy and as you say the talent within the company. For sure a long way to go to get near the share price on past few years if ever. Lets hope we see a return to some dividend soon - a costly involvement for me to date but thats the risk. Read Full Thread Follow Reply
11/1/2021 19:44	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 Read Full Thread Follow Reply
11/1/2021 17:54	thirty fifty twenty: thanks CWA1 for the additional article. i think it reads well giving details of the mgt team behind the turnaround, but then it also seems to lack a bit of financial depth. they quote profit forecasts but dont point out that achieving 10.5m would give EPS of close to 30p thus making the P/E ratio significantly below market average. their conclusion to hold/take profits seems to be anchored in the fact that the price is up 50%, when actually i think there is much less risk now 6 mths on at a price 50% higher. anyway, all good coverage. i do feel that BMS is an ideal Simon Thompson type tip. i.e. a turnaround story on a low valuation but needs a bit of analysis to understand if the low rating is a worry factor, or a potential market mis-pricing. All IMHO, DYOR + BoL Read Full Thread Follow Reply
11/1/2021 12:55	thirty fifty twenty: hi CWA1 - that article is from May 202o i think when the share price was 99p Read Full Thread Follow Reply
08/1/2021 08:32	pireric: Clarkson above expectations announcement for FY20 today and back to the share price levels from before the pandemic Eric Read Full Thread Follow Reply
07/1/2021 20:00	pireric: No problem. I think at the moment only a fraction of the warrants are expected to materialise, so I'd round to zero for calculation purposes. As you say, AqualisBraemar's stock has been on a strong run. There was a hint in a recent Finncap note that it could be a takeover target. To quote "... The deal increases AQUA's renewables footprint and reaffirms its commitment to energy transition. With this focus and pace of progress, we would not be surprised to see a bid in the future, potentially providing a significant source of funds for Braemar." Lock up on the shares expires in about 6 months. There is deferred consideration of £3.9m and £7m of contingent. I agree with your view. At the current rates that Naves has been operating at, I doubt anywhere near the full amount of contingent will be triggered. The trigger years are this year, next year, and the year after, and they require NAVES to deliver minimum €2m of EBIT to pay out, and €4.375m of EBIT in each year to pay out in full. Unless there is a significant turnaround in fortunes at Naves and a return to 2018/19 levels of profitability(which would help boost EPS anyway), I suspect much of that contingent consideration will fall out without payment. In any case, should be fully payable using cash flow so don't view it as a big detractor especially as it's spread out over 24 months. The multiple is definitely not right, once the market becomes comfortable with the balance sheet (which I don't think we're a million miles off from). Plenty of companies out there with weak balance sheets trading on extremely high multiples, so it's a psychological barrier more than anything (e.g. James Cropper CRPR, Zotefoams ZTF). Clarkson is the aspirational multiple that I doubt BMS will ever reach, but can't see why it can't recover at bare minimum to halfway. Otherwise, someone should just take BMS out. My view here is that the valuation on a PE basis is at least 50% undercooked Recent share option EPS targets would be nice if they can meet them! Eric Read Full Thread Follow Reply
31/12/2020 12:21	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 :) Read Full Thread Follow Reply
30/11/2020 15:13	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 Read Full Thread Follow Reply
03/11/2020 13:14	thirty fifty twenty: i was very encouraged by the Q3 results from AB the other day. their biz is growing and they confident of future progress and still benefitting from the merger. They are also very big into renewable growth. Most interesting they have 15m of CASH and are paying a divi (i think c.4m a year) so that is 1m into BMS bank account from the divi but also i think under pins the value of the holding (currently c.10m at market prices). To me this is a big comfort on BMS 20m of debt. but also it shows that activities connected to shipping are still doing ok despite any worries re global trade slowdown. the fall in BSM price is a slight worry but i remain hopeful in the CASH generating abilities of the business and new mgt team with hopefully a re-rating to follow in due course. All IMHO, DYOR + BoL BMS is in my top5 hldgs Read Full Thread Follow Reply

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