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Started: JohnLewis79, 11 Jun 2024 07:19
Last post: JohnLewis79, 11 Jun 2024 07:19
Gundy now holds 778,765 shares c.2•55% of the outstanding. His salary is lumped together with other Directors at £5•718m. The major iis must think he's doing a good job and so far under his stewardship the shares have performed o'kish on a 3 month view.
Over 1 year not so but we know the circumstances so hardly a fair comparison. I think in a years time if the shares are not considerably higher investors might have cause to complain. So far so good imo.
Started: scoredagainsteps, 9 Jun 2024 16:12
Last post: scoredagainsteps, 9 Jun 2024 16:12
HOWEVER i feel ceo is paid to much between 3 and 4 million a year .Correct me if im wrong ? if HE TOOK 1 MILLION BMS BE MAKING A LOT MORE . I sense we will go over 3 pounds very soon .
Started: scoredagainsteps, 7 Jun 2024 13:29
Last post: scoredagainsteps, 7 Jun 2024 13:29
Paid over 2.90 if she drifts to 2.85 will add got a feeling next few sessions over 3 pounds
Started: scoredagainsteps, 7 Jun 2024 06:21
Last post: scoredagainsteps, 7 Jun 2024 06:21
12 CONTAINERS in booked before paid 3000 plus per container . ATM RATES ARE UP TO 8000 bms is a buy now imo will look today
Started: rivaldo, 6 Jun 2024 13:15
Last post: rivaldo, 6 Jun 2024 13:15
Interesting post elsewhere re an industry commentary on rising freight rates:
"FEWB MARKET UPDATE
04 JUNE 2024
FAR EAST WEST BOUND RATES SPIKING
Further to our May 13th update, the situation in Asia continues to deteriorate.
Demand is outstripping supply causing ocean rates to surge and space on vessels sailing towards Europe is becoming even scarcer.
This problem is compounded further with a lack of empty 40ft High Cube containers, particularly in Northern China.
Industry analysts are predicting ocean freight rates for a 40ft to reach $10,000 by July, although this is only a prediction, we are seeing all carriers increase their rates on an almost daily basis now.
Today ALL carriers are >100% booked and therefore rolling containers, with various carriers confirming they already have roll pools in excess of 5000 containers.
With the surge in demand and the roll over containers this is compounding the problem further as the main gateway ports are becoming overwhelmed, with vessel berthing times increasing further and effecting schedule reliability.
There is no doubt that these issues are not going to be resolved in the short term and we would continue to encourage all of our customers to book as far ahead as possible, with a minimum of 4 weeks notice.
Future Forwarding will do everything we can to mitigate the problems and delays, but please understand this is an industry problem beyond our control.
We will continue to keep you informed with any developments and once again, thank you for your continued support.
With kind regards
Future Forwarding Co. Ltd"
Started: rivaldo, 14 May 2024 22:49
Last post: rivaldo, 6 Jun 2024 09:25
well, it looks like bms didn't make the small cap cut this quarter after all. that web page has been pretty accurate in the past.....typical!
https://*********************/newsfeed/article/ftse-russell-ftse-uk-index-series-annual-review-june-2024-2430323
Many thanks
Hi SingaporeSteven, per the link below the FTSE index changes are announced tonight (after the close), so we'll find out then. Again per the link, BMS are still due to be promoted tonight to the Small Cap Index:
Http://www.stockchallenge.co.uk/ftse.php
Any update on this Rivaldo?
It looks like BMS will be promoted to the FTSE Small Cap Index in the next review on 29th May.
Which could provide some impetus for the next leg up if all goes well:
Http://www.stockchallenge.co.uk/ftse.php
OT : just noticed Clarkey1880's post below. Why he's having a go at me I don't know, since I'm merely re-posting the quote from Mark Watson-Wiliams at Master Investor. Takes all sorts I s'pose!
Started: JohnLewis79, 5 Jun 2024 18:12
Last post: JohnLewis79, 5 Jun 2024 18:12
The final 9p dividend won't be paid till 9/9/2024. Cheers I'll be deed by then!
Started: rivaldo, 5 Jun 2024 07:29
Last post: rivaldo, 5 Jun 2024 07:29
From today's Times - Maersk "raises its profit guidance for second time in four weeks amid rise in freight costs":
Https://www.thetimes.com/business-money/economics/article/shipping-giant-maersk-is-full-steam-ahead-w9sf5grwt
"The Danish shipping giant AP Moller-Maersk lifted its profit guidance for the second time in the past four weeks on Monday on the back of rising freight prices amid disruption to the global network.
Maersk said that a surge in demand for goods caused by businesses replenishing inventories before the busy Christmas trading period had added to existing pressure on global supply chains.
This dynamic has pushed up freight rates sharply in recent weeks, boosting the finances of the world’s foremost shipping companies."
"A concoction of factors have served to jolt international supply chains over the past year, reigniting a sharp increase in freight rates after they surged during the peak of the Covid-19 pandemic."
"Attacks on ships passing through the Red Sea by Houthi rebels in response to Israel’s offensive in Gaza have forced vessels to reroute around the southern tip of Africa, elongating transit times.
Strong demand for tradeable goods from businesses seeking to fill stocks ahead of the busy festive period has collided with already strained supply chains. Businesses typically source their Christmas stock months in advance."
"According to Drewry, the supply chain advisers, the average cost of a container has climbed to $4,226, above the peak reached in the immediate aftermath of the Houthi attacks in the Red Sea.
Analysts at Jefferies, the broker, said: “Container freight rates have surged across the majority of global routes recently due to capacity constraints, healthy underlying demand and a head start to peak season.”
Deutsche Bank analysts said that Maersk had only highlighted all “the trends that we already know such as strong demand, Red Sea disruption and port congestion”."
Started: scoredagainsteps, 5 Jun 2024 05:17
Last post: scoredagainsteps, 5 Jun 2024 05:17
SHIPPING HITTING 7500 PLUS so bms bought a block for 5000 plus they will do very well . Gla UPPED my buy in to 2.85 approx
Started: rivaldo, 3 Jun 2024 09:07
Last post: rivaldo, 3 Jun 2024 09:07
Having read that the Baltic Exchanges' main sea freight index, tracking rates for ships carrying dry bulk commodities, rose again on Friday marking a 7.7% rise in May, I also note this new article on the BBC:
Https://www.bbc.co.uk/news/articles/cqee78djzmro
"Shops rush for Christmas stock as shipping costs surge"
"Container prices, which peaked in January and briefly declined, have rebounded sharply in recent weeks"
"Mr Glynn explained that the spot rate - the current price for immediate delivery of goods - has dramatically increased in recent weeks from $4,500 to $7,500 (£3,500 to £5,900).
"This makes a massive impact on big bulky items, especially those that have low margins such as furniture, barbecues, and kitchen appliances," he said."
"Disruptions caused by Yemen's Houthi movement have limited the global supply of shipping space and containers."
"Shipping costs have soared as a result. The average cost of shipping a 40ft container now exceeds $4,000, a 140% increase from 2023, according to freight market tracker Xeneta.
Peter Sand, Xeneta's chief analyst, said that importers have learned many lessons from the pandemic including that "the most straightforward way to protect supply chains is to ship as many of your goods as you can as quickly as possible".
"That is what we are seeing with some businesses telling us they are already shipping cargo for the Christmas period - in May," he said."
Started: rivaldo, 31 May 2024 11:57
Last post: rivaldo, 31 May 2024 11:57
Edison have just released an update note after the prelims.
They've increased their target price to 535p (from 500p), i.e 85% upside from the current 288.5p.
They forecast 42.8p EPS this year, rising to 46.9p EPS next year. That's a P/E of 6.7 at 288.5p, falling to 6.1.
There's also a 14p dividend, rising to 16p - a 4.8% yield. Net cash at £2.9m at Feb'25 is then forecast to rise to £8.3m:
Https://www.edisongroup.com/research/diversification-underpins-resilience/33659/
Conclusion:
"Valuation: Lifted from 500p/share to 535p
Braemar enters FY25 with an orderbook that is up 47% y-o-y to $82.6m and strong fundamentals, with tanker rates remaining robust and depressed dry cargo rates set to recover. Furthermore, the global fleet continues to grow, while at the same time the existing fleet continues to age, implying pent up renewal demand that will need to be addressed within the foreseeable future. Our forecasts are largely unchanged but we have rolled over the base year for our dividend discount model (DDM) valuation, which leads to an increase from 500p to 535p/share."
Started: scoredagainsteps, 30 May 2024 07:02
Last post: scoredagainsteps, 30 May 2024 07:02
Vs mkt capt im a buyer as i see 3.25 very soon with new container rates BUT ONLY A TRADE
Started: piworld, 29 May 2024 10:32
Last post: piworld, 29 May 2024 10:32
Braemar CEO, James Gundy, CFO, Grant Foley and COO, Tris Simmonds present the group’s results for the year ended 29 February 2024, followed by Q&A.
Watch the video here: https://www.piworld.co.uk/company-videos/braemar-bms-full-year-2024-results-presentation-may-2024/
Or listen to the podcast here: https://piworld.podbean.com/e/braemar-bms-full-year-2024-results-presentation-may-2024/
Started: scoredagainsteps, 28 May 2024 12:17
Last post: scoredagainsteps, 28 May 2024 12:17
We have a 200000 sell sitting there so imo will take a fair crack to get thru .
Started: rivaldo, 28 May 2024 11:18
Last post: rivaldo, 28 May 2024 11:18
Finncap have increased their target price to 392p (from 385p).
They forecast 44.93p underlying EPS this year (38.1p EPS fully diluted), a P/E of 6.6 at 294.5p. And a 14p dividend, i.e a divi yield of 4.8%.
They note that "these are conservative forecasts, reflecting the current stable business operations, and do not assume the addition of a significant number of experienced broking teams or the impact of future M&A. Obviously these are core elements of the growth strategy, providing potential upside to our forecasts."
They summarise:
"Outlook.
The worldwide fleet remains low by historic levels and seaborne trade continues to grow, providing a positive outlook for the business, notwithstanding normal cyclical movements in individual shipping sectors. Various events around the world have led to increased voyage distances, placing further supply pressure on the worldwide fleet. Braemar ended FY24 with a strong order book and reports a positive start to FY25. The strategy remains to grow market share and expand the business by adding new broking desks or adding to existing ones, and via potential M&A should the right targets emerge and make a good fit with Braemar.
Our DDM valuation analysis implies a target price of 392p (385p previously), a potential 29.4% upside. At the current 303p, the FY25E P/E (underlying EPS) is 6.7x (8.0x adjusted diluted), with an EV/EBITDA (underlying) of 4.4x and our forecast 14p dividend provides a prospective dividend yield of 4.6%."
Started: scoredagainsteps, 27 May 2024 07:26
Last post: scoredagainsteps, 27 May 2024 07:26
Hi john i put a post on genicode board for you .Thanks
Started: JohnLewis79, 25 May 2024 08:19
Last post: JohnLewis79, 25 May 2024 08:19
Scoredagain....your last 2 posts lost me. Please explain.
Started: scoredagainsteps, 24 May 2024 16:28
Last post: scoredagainsteps, 24 May 2024 16:28
3,25 will be hit in june imo due to shipping rates etc . THEY are on the up my family have bought a few slots at 5000 plus dollars then after that they feel 7000 coming in summer
Started: scoredagainsteps, 24 May 2024 16:18
Last post: scoredagainsteps, 24 May 2024 16:18
Nearly 250000 pounds iceberg cleared
Started: JohnLewis79, 24 May 2024 07:06
Last post: JohnLewis79, 24 May 2024 07:06
Always good to see Director buying shows faith in the company if the main board have 'skin in the game.'
Currently c.48% of the outstanding is held by major investors led by Kleinwort Hambros Bank's 10•9%. Under 3% inc Gundy, Simmons and Payne.
Started: rivaldo, 23 May 2024 22:52
Last post: rivaldo, 23 May 2024 22:52
Impressive turnaround today.
And good to see the CEO buying another almost £20k of shares - he now owns 778,765 shares so has quite an incentive:
Https://uk.advfn.com/stock-market/london/braemar-BMS/share-news/Braemar-PLC-Director-PDMR-Shareholding/93915507
Started: JohnLewis79, 23 May 2024 08:58
Last post: gotabesirius, 23 May 2024 09:25
Many thanks
Divi date details not yet released. I expect it to be paid in October and ex-div September based on previous years, with last year being a blip.
Yea!!! And when is it paid? This year, next year, sometime....???
Started: gotabesirius, 23 May 2024 08:53
Last post: gotabesirius, 23 May 2024 08:53
When does this go ex divi? Thanks
Started: JohnLewis79, 23 May 2024 08:35
Last post: JohnLewis79, 23 May 2024 08:35
maybe.... just wish i'd followed you and sold at 307 so's to buy back. i do love an **** about face way of doing things.
Started: scoredagainsteps, 23 May 2024 08:31
Last post: scoredagainsteps, 23 May 2024 08:31
Your be ok here .