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Is the Bull Market over? Andre Minassian says no! Watch here

Is the Bull Market over? Andre Minassian says no!


Braemar Shipping Share Chat (BMS)



Share Price: 293.25Bid: 292.00Ask: 294.50Change: -1.75 (-0.59%)Faller - Braemar Ship
Spread: 2.50Spread as %: 0.86%Open: 293.00High: 297.50Low: 293.00Yesterday’s Close: 295.00


Share Discussion for Braemar Shipping


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Nettwizz
Posts: 568
Off Topic
Opinion:No Opinion
Price:290.00
RE: About to move
6 Jan '17
Trading update must be due next couple of weeks.
 
Nettwizz
Posts: 568
Off Topic
Opinion:No Opinion
Price:287.75
RE: About to move
6 Jan '17
Due for results soon, also expanding Dubai business and with decommissioning in North Sea pipeline, MSc at Aberdeen in decomissioning, it looks like this sector is in for reversal - maybe. Anyway, thought I'd try a little bottom fishing : )
jjimmy_aim
Posts: 103
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:276.50
About to move
6 Jan '17
This looks like its about to move north! GLA
Rooster1952
Posts: 24
Off Topic
Opinion:No Opinion
Price:280.00
Trades
5 Jan '17
I bought £25k on 3/1/17. No sign of the transaction at all on this website. The dealer must have held stock!
BlueDealer
Posts: 1,996
Off Topic
Opinion:No Opinion
Price:282.75
Delayed large Buys
3 Jan '17
A couple of decent delayed large trades showing up after the close, today...

29-Dec-16 Time = 16:17:24 Price = 280.00p Volume = 35,000 for £98.000

30-Dec-16 Time = 12:31:41 Price = 280.00p Volume = 20,000 for £56.000

Looking at trades from around the same times on the same days, I would be fairly confident, given the spread, that these are 2 big buys.

GLA
BlueDealer
Posts: 1,996
Off Topic
Opinion:No Opinion
Price:278.75
RE: Chart looks to to reverse
30 Dec '16
*For "trance" read "tranche"...unless of course it's Rave time! LoL
BlueDealer
Posts: 1,996
Off Topic
Opinion:No Opinion
Price:278.75
RE: Chart looks to to reverse
30 Dec '16
Hi jjimmy,

Looks like we are both of the same opinion on #BMS & #CRAW! LoL

I bought a first trance of #BMS at 281p yesterday as it seems to have bottomed-ish & if it does fall again I have powder dry to add.

There should be a Trading update sometime in Mid-January, so I imagine all may well be revealed then.

Best regards & Happy New Year to you,

Blue
jjimmy_aim
Posts: 103
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:281.50
Chart looks to to reverse
30 Dec '16
This chart looks good:

Check the weekly MACD chart its has dropped without a bounce 3 times in a row - looks good for a bounce.
Daily MACD is also about to go green which is a good sign
There has been quote a lot of large buys at £2.80 region
RSI & Stochastic's indicators are pointing up
Its been coming down for 8 months on the trot - so good opportunity for a technical bounce if nothing else

First target £3.50

Im long here at £2.80 good luck all
Adobong
Posts: 1,805
Off Topic
Opinion:No Opinion
Price:273.00
New 52 Week Low
21 Dec '16
This doesn't bode well for the World Economy - aren't shipping shares the first stocks to rise when there are better times ahead?
rivaldo
Posts: 3,000
Research
Opinion:Strong Sell
Price:369.00
Big earnings downgrade
1 Sep '16
Cantor have downgraded and cut forecasts to 23p EPS this year.

BMS will remain on my watchlist for a recovery in its markets, but a 366p share price puts BMS on a P/E of almost 16, which is surely too high. It may be difficult to sustain this price level imo at that rating:

"Profit warning – BMS has issued a profit warning. Tanker markets have seen lower activity levels and freight rates which has led to reduced revenues. In the dry cargo markets, the company states that despite healthy demand and good transaction volumes, overcapacity continues to depress freight rates to historically low levels. Cost cutting measures have been put in place to reduce costs in this area. BMS’s vessel sale & purchase and offshore desks continue to perform in line with management expectations, with similar levels of activity to the previous year. Generally, USD denominated earnings in these divisions will benefit from the weakness of GBP if the exchange rate is sustained at current levels. In the Technical services division, the slowdown in oil & gas exploration and new project work continues to impact surveying and engineering businesses, particularly in relation to offshore activity. To respond to these tough market conditions, the company has already made a number of senior management changes in the Technical division. The Logistics division continues to perform in line with management expectations.

As a result of these events, earnings for the year ending 28 February 2017 for the group will be “materially” lower than for 2016. BMS further states that it is “well financed” with a strong balance sheet and “substantial” order book, cost cutting measures and new divisional management should lead to an improvement in underlying performance. We cut our forecasts for underlying operating profit for FY17 by over 30% to £9m and our EPS is cut by 24% to 23p. Cuts are made to divisional profits in Shipbroking and Technical. Our FY18 and FY19 forecasts are placed under review. Our recommendation is changed to HOLD from BUY, our TP is placed under review. Interim results will be released on Tuesday 25 October, 2016.
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