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 revives 'Wavespec' brand after divestment of technical businesses

By Josh White

Date: Monday 19 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Shipbroking, financial advisory, logistics and engineering services provider Braemar Shipping Services announced that its engineering division had been rebranded as 'Braemar Wavespec' on Monday.
The London-listed firm said the rebranding of the division followed its recent divestment of three of its four technical business lines - offshore, adjusting and marine - through the creation of AqualisBraemar ASA.

Braemar said the engineering division, which remained with the company, had reverted "to its roots" with the Braemar Wavespec brand.

It explained that Wavespec, founded in 1993 and acquired by Braemar in 1997, was "renowned" throughout the shipping industry for providing technical consultancy and owner's engineering services to the oil and gas shipping and terminal industries, particularly in liquefied natural gas (LNG).

The division traded as Wavespec until 2012, when Braemar's technical business units were integrated under the Braemar umbrella, and later rebranded as Braemar Technical Services.

"We are excited to officially bring back 'Wavespec' to our brand," said Braemar Wavespec managing director Sheila McClain.

"Industry veterans will remember the Wavespec name from our involvement in pioneering LNG projects from the first FSRUs and Q-Flex/Q-Max ships to the multiple owner's engineer roles on existing and projected onshore facility projects.

"We have several exciting projects underway so they can look forward to seeing the Wavespec brand leading the way again."

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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
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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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