CatalystWireBeta

Braemar

BMS · Main Market · Industrial Goods and Services · mcap £74m · 237.0p

Braemar arranges ship sales, charters and energy and freight derivative deals for clients, earning commission. Its divisions cover chartering, shipbroking for sales and purchases, and risk advisory.

Recent signals

Positive 29 Sep 2026

HY27 revenue up 16%, net debt cleared, profit expected in second half

Revenue recovered from weak FY26 after chartering rates improved; order book $73.4m. 29 Sep 2026

Mixed 2 Jul 2026

CEO James Gundy stepped down; CFO Grant Foley succeeded him in July 2026

Leadership change with new CFO Richard Heading and new non-executive Richard Prince, during growth plan to £200m revenue by FY30. 2 Jul 2026 25 Jun 2026 17 Feb 2026

Negative 21 May 2026

Earnings fell in FY25 and FY26 with guidance lowered in May 2025

FY26 operating profit guided to £13-14m, from £16.7m in FY25; outcome £13.2m. 21 May 2026 29 May 2025

Positive 5 Nov 2025

Completed £2m buyback citing undervaluation of the shares

Board said the share price undervalues the business; dividends cut to 7.0p total in FY25 and held in FY26. 5 Nov 2025 29 May 2025

Capital actions
  • 2025-12-15 acquisition – Shares issued as Southport Maritime acquisition consideration: 409,705 in December 2025, 606,416 in January 2026 15 Dec 2025
  • 2025-05-29 buyback programme · £2.0m – On-market buyback up to £2.0m, shares cancelled; completed 1 September 2025 29 May 2025

From the company's own announcements · not investment advice

Company filings. Not investment advice.

Share this quote

Quote card
Post on X WhatsApp Download image

The link opens this announcement with the quote highlighted. Quotes are checked against the original text.

Add a note