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Been a great share for me since investing last summer. Fingers crossed the results are good
First Post, very new to this game. Nice and quiet here with this share. No worries, gently drifting upstream, love it.
Safe place at the moment. Market downturn don't seem to affect here. It's a bonus
Goes from strength to strength, trading statement not too far off, March 9
I bought some today at 190p.
I think it's pretty disconnected from reality.
Baltic dry index hit record low 5 years ago to date. The sp was around 420-430p. Now the index is 1300, 4.5x the low.
Yet the sp is lower now. Furthermore, the last RNS states the company doing well and paying dect down. This means the financial health of the company is good. The share price discrepancy is too obvious!
I'm thinking of buying in seeing this still langushing below £2. Should be £3 now. I think market will re-rate this later this year. It's easy 50% in my opinion.
Cory Brothers on linkedin
BYE BYE JANUARY. We're ready for February! The Ships Agency Crew have been very busy, the Logistics team are scaling Everest on a daily basis (dealing with BREXIT). We all need a haircut, some blue skies & a good social on zoom. More importantly, well done to ALL for making it through a long month. Have a splendid weekend & stay safe. #servicematters #bettertimesarecoming
researching this, cory brothers must be seeing a lot of demand for services around brexit
Seems to be evidenced as true by their linkedin
"Our ships agency crew are working around the clock to manage the increased volume of ships. Catering for all vessel types and at nearly all UK ports, they’re ensuring the vessels are always looked after. Dealing with the extra-long hours, the winter weather and the covid safety protocols, our Ships Agency crew are as stoic and reliable as ever. "
https://www.investegate.co.uk/braemar-shipping/rns/completion-of-aqualisbraemar-share-sale/202101280700091311N/
The net proceeds of the Sale, totalling £6.0 million* . The carrying value of the AQB Shares sold was £3.2 million equating to a profit on disposal of £2.8 million. Subsequent to the Sale, Braemar has an interest in 9,640,261 AQB Shares representing approximately 10.4% of the total issued share capital of AQB.
Ageing fleets imply those that have ability to expand will be able to dictate price. Shipping rates have increased hugely in recent months and will manifest themselves in increased profitability. Personally think Bms could be breaking all time highs within 9 months, we’ll see. Gla
Tripling of China-Europe shipping costs threatens goods supply
Prices at record high fuelled by shortage of containers and recovery in consumer demand.
Hence the SP rise?
A very good rise after this is money in the mail said maybe time to take profits. Could well be something in the air
somethings going on here
great to see someone else is in this share ,for years believed it was only myself !!!
Glad to see somebody else on the board now.
the valuse of BMS's stake in AB has soared since AB announced results and more recently a acquisition. AB seems to have bedded in the acquisition last year very well and are very confident to achieve 3.5m of cost savings with the new merger. so it is no surprise that the AB share price has risen from c5.5NOK to closer to 10NOK. I think the price has risen not just because of the future profit growth, the merger savings but also size will give them critical mass and the mgt team have obviously spotted a niche in their markets. All of this is excellent news for BMS. their holding of c.20m AB shares and potentially 6m warrants means the quoted stake has a value of c.£20m GBP. of course the share price of AB can go down as well but for my analysis it allows me to net off almost all of BMS debt. which leaves CASH profits of c12 to c,14m for a MV of 45m. That seems an attractive value investment risk/reward to me.
All IMHO, DYOR + BoL
BMS is in my tiop5 hldgs
fingers crossed for the results tomorrow. i think the Q3 results from AB gives positive clues as to what BMS might say. For me it is all about the plans to reduce debt rather than the level of profits. Also added to debt is some potential deferred payments though of course if this needs to get paid it means the acquired business is trading very profitably. On the plus side the stake in AB now worth c.10m
Great for the shipbroking division especially.Let's see what the next few weeks/months brings.
Alot of the board are in red today.
Where?
This is disappointing. Results leaked before tomorrow ??
Got tipped in newspaper
Why is it jumping today?
Jumped ship!!
A long overdue and welcome rerate. Results in first couple of weeks in June will see this go higher IMO.