Braemar (#BMS) – H1 adj. EPS +28% to 11.9p, DPS +10% to 2.75p, in line with expectations

Braemar – half-year trading update, an “increased volatility”-benefitting Buy

Provider of chartering, investment and risk management services to the shipping and energy markets, Braemar (BMS) has issued a trading update commencing with half-year to end August “revenue up 16% to £74.3m” and including “expect the strategic investments made in the first half, including senior hires and the establishment of our power desk, to convert to profitable growth in the second half”. What about that from the valuation at a current 235p share price?

Braemar (#BMS) – H1 “revenue up 16% to £74.3m driven by a strong rate environment”, “confident” for FY

Braemar – AGM trading update and management changes, still a “positive” trading Buy

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?

Braemar (#BMS) – trading “positive momentum… confident in the group’s ability to deliver profitable growth for the year in line with market expectations”

Braemar (#BMS) – “current conflict in the Middle East is creating uncertainty, with increased rates but lower volumes in certain markets”

Braemar (#BMS) – CEO James Gundy to step down to focus on shipbroking activities, CFO/COO Grant Foley to become CEO

Braemar (#BMS) – FY adj. EPS down to 31.3p, DPS to 7p, “lower revenue from Chartering in the second half”

Braemar (#BMS) – COO Tristram Simmonds “standing down”, CFO Grant Foley's role to “encompass a wider remit”

Braemar (#BMS) – H1 adj. Op profit “slightly ahead” of prior year, “confident in the outlook”

Braemar (#BMS) – broker change, appointment of Canaccord Genuity with immediate effect

Braemar (#BMS) – trading “in line with expectation”, “looks to the year ahead and beyond with confidence”

Braemar – full-year results, we are up on this tip but still a value Buy

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?

Braemar – full-year “in line with market expectations”, remains a value BUY

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?

Braemar (#BMS) – FY “in line with market expectations”, order book growth providing confidence for the year ahead

Braemar – a recovery Buy?...

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.

Braemar (#BMS) – investigation on “small number” of historic transactions now nearing completion, “group continues to trade well”

Braemar (#BMS) – reconfirms FY expectations but investigation of a prior transaction, shares to be suspended for audited results publication

Braemar (#BMS) – FY “record revenue and record profitability”, current year “has started well”

Braemar (#BMS) – “continued to trade well”, proposed capital reduction to enable dividends after ‘administrative oversights’