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Strudel, Afraid so :) I got some of these from being and ACMG holder and some invested bt having held since 2014 with divis I think I am almost at break even. Been a very disappointing holding given the potential but the yield has been decent.
FallingK!?!
Is this another one of your overlapping shareholdings with me? I'm still struggling with the fact you hold DIA, a dire kiss of death over there too with your upbeat reasoned positivity.
I think BMS is more shipshape than the falls suggests. Te oil price volatility is helping BMS and a rise in oil in these uncertain times would help BMS. The low sulphur IMO regulations kick in from January and these too will be beneficial to BMS. The currency picture is more mixed as the weakening dollar which denominates its earnings is offset against a weakening Euro in which its liabilities are denominated. Very pleased to see the divi being maintained. Once the sell on results crowd are out we can see a more stable if not growing SP.
today and a decent divi. Heavily reliant on the oil industry so with political risks supporting the price of Oil it is no surprise to see an upturn. This had looked sank at one stage so it is no surprise to see investors scuttling to grab some today. Given the divi and warming prospects then it is possible that for new investors who haven;t got in yet, even after a 12.5% rise that this ship hasn't sailed yet even now.
Despite the recovery in the Baltic Dry Index, their interim results are disappointing. Assessing the long-run, sees Braemar failing to increase their margins, while productivity per staff is collapsing. For more and other companies� analysis, click http://bit.ly/2z1DYXs
Possible good news for tomorrow? https://theloadstar.co.uk/charter-rate-upswing-means-reprieve-box-ships-bound-breakers/
Trading update must be due next couple of weeks.
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 : )
This looks like its about to move north! GLA
I bought £25k on 3/1/17. No sign of the transaction at all on this website. The dealer must have held stock!
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
*For "trance" read "tranche"...unless of course it's Rave time! LoL
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
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
This doesn't bode well for the World Economy - aren't shipping shares the first stocks to rise when there are better times ahead?
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.
if nor spectacular. Not helped by the price of Oil and consequently some of the divisions are struggling. A very good jump in underlying profit and free cash flow. Dividend cover is up so perhaps they could have upped the divi. The flat divi might explain partly the muted reaction. However at 26p a year, giving a yield just under 6% in a consistently performing company is not to be sniffed at!
Very pleasing set of results which really floats my boat! Nice hike in profits which shows the acquisition of ACM is really bedding in. Good dividend as well which as anyone worth their salt knows is useful in these low interest rate environments. Hoping we can set sail for 500p by year end or else I will think the market is rigged against us.
Wonder what is making this beast move>? Taking all prices up which is always a good sign.
I question the reliability of the buy/sell information. My trade this morning is down as a sell and it was a buy!
Shares in Braemar Shipping Services on Thursday rose after the company said its shipbroking division saw an improvement in its performance during the last quarter. The company said the merger of ACM Shipping and Braemar Seascope in 2014 was in line with its plans. "We are encouraged by the progress of the enlarged division," Braemar wrote in a trading update. The falling of oil prices helped the group to improve shipbroking rates and its revenues in the sector, driven by an increased demand for oil tankers. Furthermore, the logistics and technical divisions also improved during a year of "transition and growth"
Thanks for feedback. In it for the long term will watch with view to add as I think the company is sound.
81 shares is a very small stake so I wouldn't worry. As it stands you've an unrealised paper loss of only £80. I have 1,000 shares as part of a diverse portfolio and can see no reason to sell right now.
Earlier this year bought 81 shares around 500p. Was prepared to hold long, but since then trend has been downward. Have been waiting for more news but now wondering if I should cut losses. New to trading so would appreciate any views as to long term forecast...
Have a look at the yearly charts and that may help to answer your question.