Braemar (BMS)

Sector:

Commercial Transport

254.00p
   
  • Change Today:
      6.00p
  • 52 Week High: 312.50
  • 52 Week Low: 240.00
  • Currency: UK Pounds
  • Shares Issued: 32.92m
  • Volume: 34,315
  • Market Cap: £83.63m
  • RiskGrade: 201
  • Beta: 0.29

Braemar Shipping Services reports on 'challenging' year

By Josh White

Date: Wednesday 10 May 2017

LONDON (ShareCast) - (ShareCast News) - International provider of broking, consultancy, technical and other services to the shipping, marine, energy, offshore and insurance industries Braemar Shipping Services announced results for the year to 28 February on Wednesday.
The London-listed firm said that after a challenging year, the overall results were ahead of the revised market expectations.

Revenue stood at £139.8m, up from £159.1m, with underlying operating profit of £3.5m, down from £13.8m.

It said the underlying operating profit excluded the gain on the sale of shares in The Baltic Exchange of £1.7m, one-off business restructuring costs of £3.0m, largely in the technical division, and acquisition-related expenditure of £2.5m.

Underlying basic earnings per share stood at 8.7p, down from 34.7p, while net cash was £7.1m at 28 February, down from £9.2m.

The recommended final dividend of 5.0p per share was confirmed, giving a full year dividend of 14.0p, down from 26.0p.

"As previously announced, Braemar experienced a challenging year and all of our divisional teams worked hard to deliver business performance for the group," said chairman David Moorhouse.

"Tough action was taken in the technical division to restructure our businesses and address the cost base in this economic climate."

Moorhouse said that, despite that, the company had maintained its core skills and capabilities and, as a result, was well placed for the future.

"The current financial year has started in line with the board's expectations and we remain confident in our long term strategy to grow the business through both organic and acquisitive business development."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Braemar Market Data

Currency UK Pounds
Share Price 254.00p
Change Today 6.00p
% Change 2.42 %
52 Week High 312.50
52 Week Low 240.00
Volume 34,315
Shares Issued 32.92m
Market Cap £83.63m
Beta 0.29
RiskGrade 201

Braemar Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.96% above the market average77.96% above the market average77.96% above the market average77.96% above the market average77.96% above the market average
60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average60.00% above the sector average
Price Trend
33.33% below the market average33.33% below the market average33.33% below the market average33.33% below the market average33.33% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Income
77.24% above the market average77.24% above the market average77.24% above the market average77.24% above the market average77.24% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
2.28% below the market average2.28% below the market average2.28% below the market average2.28% below the market average2.28% below the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
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Braemar Dividends

  Latest Previous
  Interim Final
Ex-Div 21-Nov-24 01-Aug-24
Paid 13-Jan-25 09-Sep-24
Amount 4.50p 9.00p

Trades for 06-Dec-2024

Time Volume / Share Price
16:35 2 @ 254.00p
16:35 2 @ 254.00p
13:58 10,847 @ 248.84p
13:30 10,000 @ 253.00p
13:18 14 @ 254.00p

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