focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
New recent highs now after today's 10.5p rise. Loads to go yet though imo.
Good to see the share price continuing to bounce upwards - hopefully soon back to 260p just for starters in chart terms. And loads of upside to the analyst's 444p price target.
David Thornton at Growth Company Invest has picked BMS as one of his Stock Ideas for 2022 as a "Cheap as Chips" company (from around 32 minutes in):
Https://www.**********.co.uk/articles/special-xmas-stock-picking-forum-306aa77/
BMS were tipped as one of the new main Buys in this weekend's issue (as posted elsewhere on other bb's).
Apparently BMS were also tipped in Growth Company Investor magazine.
They look very cheap imho. Certainly lots of upside to Finncap's 444p target price.....
BMS said in November - The board expects to report underlying operating profit* for the half year to 31 August 2021 of £6.9m, well ahead of the prior period (2020: £5.6m) as a result of the strength in depth and diversification of the Group’s shipbroking service lines, together with the general strength in many of the Group’s shipbroking markets.
The overall trading environment for Braemar continues to be positive and the board now expects to report underlying operating profit* for the year to 28 February 2022 of £10.8m (2021: £8.9m), 21% ahead of the prior period and 15% ahead of the board’s previous guidance.
Sometimes this good news doesn’t hit the SP straight away. Am hoping for similar positive RNS in the near future, but for now see this as a low risk stock, especially as others have said on here, the dividend is here too. Views anyone please?
UNCTAD say- “Maritime trade contracted by 3.8% in 2020, reflecting an initial shock from Covid, but it rebounded later in the year and is projected to increase by 4.3% in 2021 The medium-term outlook for maritime trade remains positive but subject to mounting risks and uncertainties”. Other mixed observations but overall it seems Braemar is a well established company who have (forgive the pun..) weathered the storm
Have observed this company for a long time and because elsewhere in shipping - WNWD launched 2 days ago, looked again and by chance just before today’s rise, so jumped in. Forgive me for shouting out WNWD but if you care to take a look you will see what I mean.
Going back to BMS
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 !