Braemar has confirmed strong trading in the last two months of FY 2021 (in Shipbroking in particular) and that results will be ahead of our forecasts. We have upgraded FY 2021 EPS by 4%. While we have left our FY 2022 and 2023 PBT forecasts unchanged, we emphasise they now include £/$ at the current 1.38 (previously 1.30), 7% dilution from the sale of AqualisBraemar shares and are likely H2 weighted. The group is progressively moving focus back onto the Shipbroking business, its most successful ....
09 Mar 2021
Braemar - Ahead of expectations
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Braemar - Ahead of expectations
Braemar PLC (BMS:LON) | 274 -1.4 (-0.2%) | Mkt Cap: 90.2m
- Published:
09 Mar 2021 -
Author:
Guy Hewett | Michael Clifton -
Pages:
4
Braemar has confirmed strong trading in the last two months of FY 2021 (in Shipbroking in particular) and that results will be ahead of our forecasts. We have upgraded FY 2021 EPS by 4%. While we have left our FY 2022 and 2023 PBT forecasts unchanged, we emphasise they now include £/$ at the current 1.38 (previously 1.30), 7% dilution from the sale of AqualisBraemar shares and are likely H2 weighted. The group is progressively moving focus back onto the Shipbroking business, its most successful ....