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Braemar

January 2024

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:
  • 294p
An investigation into several historical transactions that had taken place between 2006-2013 had delayed the publication of the FY23 results but this has been completed, resulting in a £2m provision in FY23 results. That cast a shadow over what would have been a formidable year with strong market conditions and earnings across Braemar’s container, gas and tanker markets being some of the highest recorded in the last 20 years. As it was, sales for the year to 28 February rose 51% to £152.9m and operating profit doubled to £20.1m before charging goodwill impairment and acquisition costs (£2m). Eps were 38.5p.  But these results are of academic interest only as the interims were also published for the six months to 31 August. Sales w ...

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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

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