Braemar Shipping Services (BMS)

Sector:

Commercial Transport

Index:

FTSE Fledgling

160.50p
   
  • Change Today:
    -7.00p
  • 52 Week High: 233.50
  • 52 Week Low: 157.06
  • Currency: UK Pounds
  • Shares Issued: 31.67m
  • Volume: 12,142
  • Market Cap: £50.84m
  • RiskGrade: 205

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.

 

BMS Market Data

Currency UK Pounds
Share Price 160.50p
Change Today -7.00p
% Change -4.18 %
52 Week High 233.50
52 Week Low 157.06
Volume 12,142
Shares Issued 31.67m
Market Cap £50.84m
RiskGrade 205

BMS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
90.25% above the market average90.25% above the market average90.25% above the market average90.25% above the market average90.25% above the market average
66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average66.67% above the sector average
Price Trend
55.51% below the market average55.51% below the market average55.51% below the market average55.51% below the market average55.51% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Income
95.15% above the market average95.15% above the market average95.15% above the market average95.15% above the market average95.15% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Growth
28.07% below the market average28.07% below the market average28.07% below the market average28.07% below the market average28.07% below the market average
12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average12.50% above the sector average

BMS Dividends

  Latest Previous
  Interim Final
Ex-Div 31-Oct-19 20-Jun-19
Paid 13-Dec-19 26-Jul-19
Amount 5.00p 10.00p

Trades for 26-Feb-2020

Time Volume / Share Price
12:10 300 @ 157.06p
12:06 1,224 @ 161.99p
11:19 611 @ 161.99p
09:48 750 @ 160.00p
08:20 7,100 @ 158.00p

Top of Page