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I understand you Clarkey but trust me I know this industry. Braemar is 1/4 size of Clarkson btw and Clarkson is not even a third of the global pie
CKN good. But look, the pie is worth X. Clarkson have 60pc the pie, braemar maybe 20pc. Hyperthetical. For braemar to become clarkson as u suggest, they will need to either acquire the other percentages (people or firms, people take time, firms quicker but more expensive) or do it organically, which is really tough to take liquidity from a leading firm.
BMS SHOULD leverage up, issue a bond and buy up the market - a classic michael spencer move. Will they tho? No. And why? Because the management is rubbish.
So, keep clarkson, keep braemar but understand that for braemar to be clarkson as you suggested (without diversification from its core business) clarkson will have to lose market share to bms - which is highly UNLIKELY
I own clarkson and I have for years so I know how this industry works. CKN has been a great hold. I am one of the few posters on CKN. I really like the prospects of both
To grow organically in this business is incredibly difficult, its not about creating new products that people love, its about trying to steal more of the pie through deepening relationships, you do that by hiring well, or acquisition. They would have to “steal” that market share from clarkson. This is very difficult to do, unless you hire clarkson staff (who incidentally will all have huge non competes)
In my view, acquisition is the only route.
Choose your words carefully on a public forum.. lol.
If breaking the rules of the national futures association isn’t dodgy - for a company that deals in futures, then i don’t know what is.
Again, its compliance oversight which is just horrific, which seemingly seems to be a tradition or habit for these guys.
All Panamax and Transatlantic Supramax rates are soaring recently is good for dry cargo business
Choose your words carefully on a public forum when using words like dodgy... do you know clarkson? this is a relationship industry... this was a minor $140,000 settlement. A different company stonex early this year had a $1m settlement
Something dodgy happening here.
https://www.nfa.futures.org/BasicNet/regulatory-actions-detail-doc.aspx?docid=5133
Ceo bought £29k at 290p in February
Friday, 1 December, 1:00pm
James Grundy, CEO, Tristram Simmonds, COO and Grant Foley, CFO will present FY23 results and give an update on trading in H124.
Register here: https://bit.ly/BMS_FY23_webinar
There is not a good reason why braemar cannot get to 15% ebit margin within 5 years like clarkson imo. £200m to. and 15% margin would be 30m ebit
Turnkey17, Great news !! Onwards and Upwards !!
I love clarkson. I like braemar. 7x pe at braemar is too low
Yes, despite the fact that the investigation is complete. Who owns Braemar? Evidently not the shareholders.
Dealings will start again in mid-November. They're still not saying much.
MarketScreener.com, le spécialiste de la Bourse
Braemar Plc(LSE:BMS) dropped from FTSE All-Share Index
September 01, 2023 at 12:00 am
Takes us to Thurs 28TH Sept.
Braemar PLC - London-based shipbroker and advisor in shipping investment - FTSE Russell says company has been suspended for a further 20 business days effective from Friday.
Today's RNS announced the immediate arrival of the new CFO. Still no announcement of a return from suspension. The last time I wrote something here it was removed.
This b/b gone very quiet; don't see any comments elsewhere about whats going on and the BMS website
doesnt even mention share suspension or ongoing investigation. anyone any views about likely outcome?
Interesting that all of Le Baron posts have disappeared.
Perhaps I have misread the RNS, but I could find no value put on the liability in the accounts. The transaction value was £3m, which is something totally different.
£4k buys £33k sells and price up 3%! Love this share! Suspension? What suspension? Investors happy to have their money here for months without being able to sell! Awesome!
So what's your price prediction for Friday? Price seems very stable and not seeing any panic selling.
£57k buy earlier! Now that's confidence! Someone must be sure we won't be suspended on Monday! Investors seem completely unfazed by the investigation!