Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Director buy yesterday
Good to see sudden uptick but any reason behind this? Am not complaining!
Excellent presentation. Think the city we re wake to just how good this company is. Staying in and in fact likely to invest more, particularly as the dividend has restarted.
I don't understand this fall. It was happening well before the start of this new project fear mark 28. Suggests someone is doing a huge sell off. Will be interested to see what the company says in Dec 2 presentation. Over a few weeks gone from one of my best shares to now a very average one.
Extraordinary sell-off on the basis of what? Markets are too skittish ….another variant hardly returns us to the same place when this Covid first struck.
Can't believe how cheap the shares are looking right now, hopefully they'll rise back to the 3 pound mark soon.
Thanks. I was a cape broker with one of their London competitors and compared to this strategy from Braemar that company were/are light years behind. Obviously brokers are beholden unto mkt conditions but I really hope these guys can take the fight to Clarksons.
https://braemar.com/files/Braemar-March-2021-Strategy-Update-V16-compressed.pdf
Interesting article thanks. How good is the Braemar FFA desk?
Tankers are the largest trading desk at Braemar.
https://lloydslist.maritimeintelligence.informa.com/LL1138893/Weekly-Briefing-Containers-Catch-22--Tankers-back-from-the-dead--Dry-bulk-slowdown
The brokers may be revising some of their longer term estimates. The underlying book price is the important factor here. Some parts of the market have been running very hot so hopefully they bank those gains and continue to pay down the debt. the tanker market remains subdued so limited downside there and any improved sentiment in that area should be positively reflected in the forward earnings. Hopefully, we have some earnings appreciative acquisitions and new broker desks in the pipeline.
It obviously takes a while to feed through but the dry bulk mkt (which makes up a chunk of broking revenue) has fallen significantly in recent days. Negative sentiment feeding through perhaps
Strange that it dropped over 5% today in view of recent results and some broker optimism ?
The H1 results look very encouraging - and most importantly the outlook is equally confident.
There are ambitions for "doubling the size of the Group within four years, through organic growth and complementary, value-added acquisitions".
Given 14.23p underlying EPS in H1 alone, BMS should easily attain and likely beat forecasts for the year, which I have at 26p EPS?
Looks cheap to me, especially with regard to the Finncap analyst's prior price target of 444p.
And Investec said yesterday the shares are undervalued compared with peers, and have a 317p price target.
This is a very useful synopsis of the key business and profitability drivers for those not familiar. Braemar is a much transformed business from what it was a few years ago and has a lot of opportunity to close the valuation gap to its industry peers.
https://braemar.com/files/Braemar-March-2021-Strategy-Update-V16-compressed.pdf
None of those reasons-they are becoming pure shipbrokers the out look for the business is excellent with the drycargo and s&p both being very firm - the tanker side the spot market at present very poor but should start to pick up end yr/ erly 2022 - they have T/C cover - i am buyer
Reason for drop are Supply Chain shortages and perceived less container usage ??? OR Higher fuel costs ???
Anybody with a view why this is dropping ? Given results just dont understand it
Agreed, kicked myself for not buying when I noticed it down yesterday, but added as soon as I could get a quote this morning at 255p !
If it gets back to recent highs soon, I'll top slice, otherwise hold for divis !
Yesterday and the day before they were walking the sp down as if something is wrong. Another upgrade here to expectations, someone wanted cheap shares imo.
This be £3 or more within a week.
Well I made little bit on money on this earlier in the year. Have bought back in today as the drop seems to have brought another chance to own a solid shipping stock. I’m obviously expecting a very good update in November half year results and the divi is likely to go up from last years 5p.
She will be ic remuneration committee...usual place to shove female NEDs. Looks like she will be quite busy elsewhere.
Use your vote when time comes.
Stay onboard Fallingknife and take a travel sick tablet lol
Back over 3 quid soon and I'll do a merry jig, all aboard and full steam ahead!
Lets hope she is just a token director hardly remunerated and hardly used.
New directors badly yesrerday even accounting for a divi drop. What the hell does Elizabeth Gooch know about shipping? I have seen her droning I mean presenting at investor forums and it is always about herself rather than the investment. If i had known she was coming on board I would have jumped ship rather than be paying forbher vogage on the upper deck. I feel seasick.