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 profits slip despite strong showing from shipbroking unit

By Iain Gilbert

Date: Monday 25 Mar 2019

LONDON (ShareCast) - (Sharecast News) - Braemar Shipping warned investors on Monday that annual profits would come in lower year-on-year despite a solid performance from its shipbroking unit in the second half of the year.
Braemar now expects underlying pre-tax profits to come in somewhere between £6.8m and £7.2m, below the £7.7m recorded in its trading year that ended on 28 February 2018.

The AIM-listed group said its shipbroking unit had performed well over the second half, with divisional profit set to top expectations, but noted that its Naves' subsidiary had seen profit fall below expectations despite an extremely active year.

However, Naves had built-up an "extensive" pipeline of mandated business and retainer income which was expected to stand the company in good stead over the coming year, with expectations at the time of the acquisition set to be exceeded.

According to management, its technical division was continuing to experience "challenging conditions", with the board now working on a structural change to the unit, and its logistics division, Cory Brothers, had traded "robustly" and was now expected to deliver profits in line with market expectations.

Looking forward, Braemar said the outlook for the current trading year was positive, with its shipbroking division continuing to "trade strongly" and a solid performance in the group's financial division as its "extensive pipeline of business" materialises.

As of 1300 GMT, Braemar shares had dipped 0.15% to 164.75p.

Email this article to a friend

or share it with one of these popular networks:


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
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

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

Top of Page