image

The best stocks to buy since 1993

Latest issue now available

SIGN UP NOW
Updates

Braemar

December 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • BMS
  • Price:
  • 320p
When charter rates and asset values rise, so too does its income and as a consequence, shipbroker Braemar has been a strong market since I made the shares a main Buy last  December, with the shares up from 210p to 320p. Latest interims to 31 August showed revenue +47% to £69.4m. Underlying operating profit was +95% to £10.9m, exhibiting a strong operational gearing effect and the strong US dollar was a tailwind (+£3m benefit to profit). Underlying pretax profit increased 114% to £10.5m and eps were +81% to 31.8p.    Braemar is one of the largest shipbroking companies in the world, about a third of the size of its larger rival, Clarkson (CKN; 3105p). Following the disposal of its logistics business, Cory, last year (leaving ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Braemar (January 2024)
Braemar (March 2023)
Braemar Shipping - Plans to double in size in 3/4 years (December 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER

SUBSCRIBE TODAY AND SAVE £40 WITH OFFER CODE 40OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW