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 posts 'strong' FY result, guides higher for FY 2023

By Alexander Bueso

Date: Tuesday 30 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Braemar Shipping turned in a "strong" full-year performance, analysts in the City said, and guided towards an outturn for the current financial year "well ahead" of its board's previous expectations.
The shipbroker posted a 21% jump in revenues from continuing operations for the 2022 financial year to reach £101.3m.

That drove a two-thirds surge in profit before tax to £8.5m while earnings per share doubled to 27.95p.

Alongside its full-year numbers, the company published a trading update in which it described trading across the first five months of FY 2023 as "very strong", adding that the group had benefitted significantly from the Greenback's appreciation.

Hence the improvement in the board's outlook with Braemar guiding towards underlying profits of not less than £20.0m.

"Having awaited these results which show a strong performance which has continued into the current financial year," said analyst Peter Ashworth at ShoreCap.

"The shares are currently on a FY22 PER of 10.3x and a yield of 3.1%. A further rally from the 239p in early July seems likely, given the update. There is an analyst meeting due to be held later."

The board recommended a final dividend payout of 7.0p, for a full-year dividend of 9.0p, with the latter up from 5.0p paid out in 2021.

As of 0957 BST, shares of Braemar were rising fast, trading up by 15.16% to 338.0p - their highest level since November 2016.

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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
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

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