Braemar has produced a strong set of H1 results with adj. EPS up 23% driven by another strong performance in Shipbroking and supported by an increasing contribution from the 27% holding in AqualisBraemar. Strategic progress has also been made with the decision to divest of the loss-making Engineering division. Management expects trading for the full year to be in line with expectations and we have left our underlying assumptions unchanged but upgraded FY 2021 EPS by 12%, factoring in the disposa ....
11 Nov 2020
Braemar - Strong H1 plus strategic progress
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Braemar - Strong H1 plus strategic progress
Braemar PLC (BMS:LON) | 274 0 0.0% | Mkt Cap: 90.4m
- Published:
11 Nov 2020 -
Author:
Guy Hewett | Michael Clifton -
Pages:
11
Braemar has produced a strong set of H1 results with adj. EPS up 23% driven by another strong performance in Shipbroking and supported by an increasing contribution from the 27% holding in AqualisBraemar. Strategic progress has also been made with the decision to divest of the loss-making Engineering division. Management expects trading for the full year to be in line with expectations and we have left our underlying assumptions unchanged but upgraded FY 2021 EPS by 12%, factoring in the disposa ....