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Braemar Plc (BMS) Share Price

BMS Braemar Plc

284.00

-0.50 (-0.18%)

14 Jun 2024 - Closed

Delayed by 15 minutes

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Braemar Plc	LSE:BMS	London	Ordinary Share	GB0000600931	ORD 10P

	Price Change	% Change	Share Price	Shares Traded	Last Trade
	-0.50	-0.18%	284.00	6,476	16:35:01

Bid Price		Offer Price	High Price	Low Price	Open Price
282.00		286.00	280.00	280.00	280.00

Industry Sector	Turnover	Profit	EPS - Basic	PE Ratio	Market Cap
Water Transport Svcs, Nec	152.91M	4.6M	0.1396	20.06	92.19M

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
15:48:44	O	440	285.36	GBX

Related Shares
Clarkson (CKN), Wincanton (WIN), Celsius Resources (CLA), Esken (ESKN)

Braemar (BMS) Latest News

Braemar News

Date	Time	Source	Headline
05/6/2024	16:02	UK RNS	Braemar PLC Notice of AGM
31/5/2024	07:00	UK RNS	Braemar PLC Total Voting Rights
24/5/2024	08:06	UK RNS	Braemar PLC Investor Presentation
23/5/2024	14:56	ALNC	TRADING UPDATES: Bloomsbury books profit jump; Braemar profit slips
23/5/2024	14:42	UK RNS	Braemar PLC Director/PDMR Shareholding
23/5/2024	07:00	UK RNS	Braemar PLC FY24 Final Results
16/5/2024	07:00	UK RNS	Braemar PLC Notice of FY24 Results
03/5/2024	15:47	UK RNS	Braemar PLC Holding(s) in Company
02/4/2024	07:00	UK RNS	Braemar PLC Total Voting Rights
20/3/2024	13:43	ALNC	Braemar says annual earnings in line with outlook but down on-year

More Braemar News

Braemar Investors Braemar Takeover Rumours

Braemar (BMS) Discussions and Chat

Braemar Forums and Chat

Date	Time	Title	Posts
06/6/2024	13:14	BMS with Charts & News	3,182
14/3/2016	09:16	Braemar Shipping Services	3
28/5/2015	17:16	BRAEMAR SEASCOPE	117
17/1/2014	08:22	* Braemar Seascope *	13

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Braemar (BMS) Top Chat Posts

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Posted at 15/6/2024 09:20 by Braemar Daily Update Braemar Plc is listed in the Water Transport Svcs, Nec sector of the London Stock Exchange with ticker BMS. The last closing price for Braemar was 284.50p. Braemar currently has 32,925,000 shares in issue. The market capitalisation of Braemar is £92,190,000. Braemar has a price to earnings ratio (PE ratio) of 20.06. This morning BMS shares opened at 280p Read Full Thread Reply
Posted at 17/5/2024 11:16 by rivaldo Good to see the bid price up to 290p now, with sales being readily absorbed at a small premium to the offer price. Overall BMS remains extremely cheap imho - a break above 300p could see a big jump as the markets digest the opportunity. Read Full Thread Reply
Posted at 16/5/2024 12:38 by tomps2 Braemar (BMS) Full Year results webinar Tuesday, 28 May, 1:00pm Braemar CEO, James Gundy, CFO, Grant Foley and COO, Tris Simmonds will present the Group’s results for full year 2024, followed by a Q&A session. Register here: bit.ly/BMS_FY24_webinar Read Full Thread Reply
Posted at 16/5/2024 08:40 by rivaldo Newly tipped on Master Investor, primarily referring to the Houthi rebel attacks in the Red Sea pushing up shipping rates: Extracts: "However, the ongoing stress created in re-routing shipping around the Cape has seen costs increasing for both the shipping companies and their customers. That is when companies like Clarkson (LON:CKN) and Braemar (LON:BMS) become extremely important advisors and agents. Volatility and uncertainty in shipping markets is usually positive for shipbrokers. Clarkson stated at its AGM on Thursday of last week that it had made a positive start to the year, helping its clients to navigate the ongoing complexities and disruptions to global trade, by providing the expertise, data and insights to enable them to make the right decisions for their organisations. For both groups their Forward Order Books must have seen some good uplift, the benefit from which will become evident in the second half of this year. Rapidly rising freight rates suggest that fears of delayed goods have kicked off the peak season early this year. Shippers fear major delays on goods due to new supply chain disruptions. This has jump-started the peak season and sent spot rates soaring. Elsewhere there are reports that the market for buying and selling second-hand dry bulk carriers is in the top 20% of the price development since 2000, while for tankers it is in the top 10%. The past six months have seen significant price increases for used dry cargo ships and tankers. However, I now really suggest that investors should keep their eyes on the shares of my favourite shipping services group." "In the last few months, a couple of the group’s competitors have been acquiring stakes in the company – the Peter Dohle Group and Lightship Chartering, both declaring just over 3.0% holdings in the BMS equity. The group should be announcing its 2024 results, which are not expected to see any surprises, before the end of this month. At this stage expectations for the current year to end February 2025, are for £150.2m of revenues and £15.8m pre-tax profits, generating nearly 47p per share in earnings and easily covering an estimated 14.0p in dividend. Last night the shares closed at 295p at which level they are trading on a miniscule 6.3 times prospective price-to-earnings ratio, while yielding a very healthy 4.7%. I believe that they will soon be trading at levels far higher than on 8th January and I have confidence in my aim of early-May at 350p." Read Full Thread Reply
Posted at 15/5/2024 15:10 by mount teide Must be pleasing for shareholders that BMS looks to have finally secured a management team with the knowledge, experience and talent, to potentially deliver growth capable of challenging global market leader Clarkson. Been a long time coming for its long suffering shareholders, who have been rewarded for their loyalty since the previous shipping market cycle bottom in 2000, with just a 72% share-price increase from 169p to 292p. Whereas Clarkson, has generated 49 fold (4,923%) of capital growth since 2000 as a result of a shareprice increase from 82p to 4,050p. In addition, the stock has returned 10+ fold in dividends ........for a total 31% CAGR for shareholders over the last 24 years. At the current stage of this latest shipping market cycle, BMS' mix of shipbroking business, looks like it may have the potential to deliver a performance over the likely 3 years or so left of this latest shipping market cycle recovery/boom stage, capable of taking out the stock's circa 600p all time high price. AIMHO/DYOR Declaration: a shipping industry professional who has held Clarkson since 1999, other than for a brief 18 month period during 2007/8. Read Full Thread Reply
Posted at 08/5/2024 10:47 by mfhmfh Surely we must be a takeover target with the share price remaining under 300p? Read Full Thread Reply
Posted at 07/5/2024 20:21 by tole https://masterinvestor.co.uk/equities/who-are-the-two-competitors-buying-into-braemars-equity/Who Are The Two Competitors Buying Into Braemar's Equity?By Mark Watson-Mitchell 07 May 2024 5 mins. to readWho Are The Two Competitors Buying Into Braemar's Equity?It could prove to be excellent timing for the latest declared buyer of equity in my favourite shipping services group Braemar (LON:BMS). Later this week its larger competitor, the £1.23bn capitalised Clarkson (LON:CKN), will be holding its AGM, so we will, no doubt, get an update on life within the sector. Second Shipping Sector Group Buys In I noticed that another shipping services group has recently been putting together a declared stake in Braemar's equity. On Friday afternoon last week, it was declared that Minna Invest GmbH from Hamburg, Germany had put together a 992,398 shareholding in BMS. There is scant information available about Minna Invest to tell us immediately who is behind the stake. However, I have found out that Jan Peter Döhle and Jost Döhle are the two Managing Directors of Minna Invest. The Döhle Group covers all parts and aspects of the modern shipping business: "We offer a wide range of services including financial, commercial, and technical support, as well as insurance and crew management. Apart from our complementary activities provided by the companies within the Group, our core competencies lie in chartering as well as sale and purchase. With its numerous offices, subsidiaries, and partner companies located worldwide Peter Döhle Group offers tailor-made solutions for the whole shipping industry." The Döhle Group controls the world's largest tramp-owned fleet of containerships, comprising a total of around 415 highly modern vessels. The fleet ranges from small feeder vessels of around 300 TEU up to ships of 13,000 TEU capacity (a TEU is a 20ft long equivalent unit container). All the fleet's ships fulfill today's market requirements such as super-slow steaming and high reefer capacity. Many are equipped with their own cargo gear, making the fleet versatile as well as technically and commercially competitive in all areas of the world. The Döhle group, which has more than $8bn assets under its management, offers a wide range of services: sale & purchase; technical management; crew management; insurance; commercial management; bunker trading; financial restructuring; corporate services; shipping software; and shipping agency & logistics. That Now Makes Two Competitors Recently Into The Equity Readers may well remember that on 10th January this year I noted that another player in the shipping sector had bought into the BMS equity. I revealed that an ambitious Geneva-based shipbroking company had been putting together a 'major shareholding' in the group's equity.? Lightship SA had bought some 1m shares representing 3.04% of the issued stock.?? Lightship Chartering, is 51.5% owned by Danish founder and chairman Morten Have.? Sune Fladberg, the private company's CEO, was reported as stating that:? "It's quite simple, we believe strongly in shipping in the near future and are looking for opportunities to invest further in the industry.? We think the valuation in Braemar is very attractive at the moment."? What Did The New Buyers Pay? In early January I assessed that Lightship must have paid up to 290p a share for its holding. Whereas Minna could have been paying around 250p to 275p a share for its position. Last week the Braemar shares hit 284p before closing on Friday night at 277p, valuing the whole group at just £79m. The company's results for the year to end February 2024 should be declared within the next three weeks or so. In its 20th March issued Trading Update the group declared that it had achieved another strong performance, with revenue and underlying operating profit?for FY24 in line with market expectations at £150m and £18m respectively. Understandably the net cash position had dropped from £7m in the bank to just £1m at the year end, but last year it had covered the costs of the internal independent investigation conducted and concluded in 2023, as well as certain tax payments and share buy-backs during the period. However, impressively it announced that it had an Order Book of $83m, which was 47% ahead of the 2023 figure of $56m. Why Invest In Braemar? When asked 'why invest in Braemar?' the group responds: "We are one of only two publicly traded shipbroking companies on the London Stock Exchange, offering an attractive opportunity to invest in the shipping industry without needing to invest directly in ships. As a leading global shipbroker with offices in London, Singapore, Beijing, Geneva, Perth, Dubai, Athens, Hamburg, Melbourne, Madrid, Shanghai, and Houston, we're well-positioned to serve key industry players across different time zones and cultures. Our operations are diversified across Tankers, Dry Cargo, Sale & Purchase, Renewables, Financial and Offshore in order to generate a reliable, less cyclical income stream." Broker's Estimates Estimates for the current year to end February 2025 are for around £150m of revenues and £15.8m pre-tax profits, worth 46.6p per share in earnings and more than three times covering a 14.0p per share dividend. Analyst Price Objectives for the shares range from 385p to 505p, against Friday night's closing 277p. Results Due Before End May In late March I wrote that: "The May figures could well see upgrades helping to pinpoint just how undervalued this group's shares are at last night's closing price of 256p. I still find it hard to understand why these shares are so lowly valued, they are destined to rise above the 300p level fairly soon." The above estimates show that the shares of Braemar are an extremely attractive proposition, which is more than likely to be the reasoning behind two of its competitors buying into the group's equity. On 5.9 times current year prospective price-to-earnings ratio and yielding 5.05% the shares are almost a giveaway, in fact, I now set a new Target Price for Braemar's shares at 350p. Read Full Thread Reply
Posted at 04/3/2024 07:32 by masurenguy Great result from Clarkson. Lets see if there is any positive impact on the BMS price as a read over. Read Full Thread Reply
Posted at 10/1/2024 22:07 by mfhmfh Interesting quote in this article from Master Investor: Braemar (LON:BMS) – Competitor Buying Into The Equity With the re-routing of trade routes around the Cape of Good Hope, the global shipping market is now reacting to container freight rates rising for the last six weeks in a row, getting back up to the higher levels of October 2022. It was quite a beneficial share price move on Monday, following the revelation that an ambitious Geneva-based shipbroking company has been putting together a ‘major shareholding’ in the group’s equity. The new holding notification to the market states that Lightship SA has bought some 1m shares representing 3.04%. That is said to be good news for players in the shipping sector, including shipbroker Lightship Chartering, which is 51.5% owned by Danish founder and chairman Morten Have. Sune Fladberg, the private company’s CEO is reported as stating that: “It’s quite simple, we believe strongly in shipping in the near future and are looking for opportunities to invest further in the industry. We think the valuation in Braemar is very attractive at the moment.” I reckon that the Lightship stake was purchased at around the 290p level, so at last night’s close of 300p, it is already showing its holding is well in the ‘swim’. After hitting 310.60p on Monday morning, further price rises to trade well into, the 300p to 350p range can be expected within the next few months. Read Full Thread Reply
Posted at 13/11/2023 15:29 by redwing1 I don't agree with you Clarkey1880. Yes of course the macro picture is important to a cyclical stock such as Braemar, but the share price had moved so far away from a sensible rating that it is only going to respond to what caused the share suspension in the short term. Take a look at the Cavendish numbers (which already reflect some shipping market slowdown for 2024) and you see a forward p/e of 6.7x with a yield of 4.5% and net cash of £13m. That looks low enough to reflect any shipping downturn. So all I am saying is that any fall on a lifting of the suspension will be because the market doesn't like what it hears about the prior year accounting issues and any resulting impact on current profitability. If by some miracle management has plausible explanations, then I would predict a healthy bounce in the share price. Read Full Thread Reply
Posted at 02/4/2023 11:48 by rivaldo No-one expects anything else from the Mail on Sunday :o)) But I'm always glad to see a smaller company in my portfolio highlighted in the national press and getting some attention. And the conclusion that the BMS share price has serious upside from here to reach fair value is spot on. Read Full Thread Reply

Braemar share price data is direct from the London Stock Exchange

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