The provider of chartering, investment and risk management services to the shipping and energy markets, Braemar (BMS) has issued an “AGM Trading Update” also notifying of management changes. So what’s happening?
Shipping and energy markets services company Braemar (BMS) has announced its results for its year ended 29th February 2024 and that the current year “has started well, the group… looks forward to continuing the successful execution of its growth strategy”. How good is the news from a current 300p share price?
Shipping and energy markets services company Braemar (BMS) has issued a trading update commencing that it “is pleased to report that the group has achieved another strong performance, with revenue and underlying operating profit for FY24 in line with market expectations”. So how good is this news from a now up to 257p to buy the shares?
Shares in company describing itself as “a leading provider of expert investment, chartering and risk management advice to the shipping and energy markets”, Braemar (BMS) had recovered to above 300p as recently as June this year and reached 340p last year, before in July this year the shares were suspended on an investigation of a historical transaction. They though returned from suspension last month and we suggest now have further recovery potential from a 280p offer price.
