Braemar Shipping Services (BMS)

Sector:

Commercial Transport

Index:

FTSE Fledgling

152.00p
   
  • Change Today:
      4.00p
  • 52 Week High: 233.50
  • 52 Week Low: 94.50
  • Currency: UK Pounds
  • Shares Issued: 31.71m
  • Volume: 47,018
  • Market Cap: £48.20m
  • RiskGrade: 202

Braemar strikes deal with Norway's Aqualis

By Abigail Townsend

Date: Monday 13 May 2019

LONDON (ShareCast) - (Sharecast News) - Braemar Shipping Services is shaking up its technical division in a deal worth more than £6m with Norway's Aqualis.
London-listed Braemar has agreed to sell three business lines within its Braemar Technical Services division to Aqualis, which provides consultancy and engineering services to offshore energy companies, in exchange for a "significant" equity stake in the combined group.

The transaction, which is subject to approval by Aqualis shareholders, will create one of the largest independent global marine consultancies and will be called AqualisBraemar, the company said in a statement.

Chief executive James Kidwell added: "Our respective businesses fit well together and the combination will create a market leading position in offshore, marine, adjusting and renewables services with global coverage."

David Wells, chief executive of Oslo-listed Aqualis, said the deal would allow the company to "extend our service lines, providing clients with an even more complete service offering, including a broader suite of services as well as increased manpower and geographical footprint."

The total consideration payable to Braemar will be new Aqualis shares worth around £5.5m, along with an adjustment cash payout which takes into consideration the $0.9m that will still be on the balance sheet of Braemar Technical Services upon completion.

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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.

 

BMS Market Data

Currency UK Pounds
Share Price 152.00p
Change Today 4.00p
% Change 2.70 %
52 Week High 233.50
52 Week Low 94.50
Volume 47,018
Shares Issued 31.71m
Market Cap £48.20m
RiskGrade 202

BMS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
77.44% above the market average77.44% above the market average77.44% above the market average77.44% above the market average77.44% above the market average
5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average5.88% above the sector average
Price Trend
21.11% below the market average21.11% below the market average21.11% below the market average21.11% below the market average21.11% below the market average
11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average11.11% above the sector average
Income
78.17% above the market average78.17% above the market average78.17% above the market average78.17% above the market average78.17% 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
Growth
3.72% above the market average3.72% above the market average3.72% above the market average3.72% above the market average3.72% above the market average
5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below the sector average5.88% below 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 24-Sep-2020

Time Volume / Share Price
17:08 2,500 @ 152.00p
16:28 1,003 @ 150.86p
16:26 4,505 @ 150.86p
15:48 750 @ 153.84p
15:05 4,000 @ 151.00p

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