The acquisition of NAVES gives Braemar scope to exploit the growth opportunities in the maritime financial advisory market, enabling Braemar to broaden its service offering to its client base. The acquisition is consistent with management’s strategy of creating a diversified maritime business. The consideration will be met by a combination of cash and convertible loan notes. We have increased our FY2018E Adj. PBT by +6% to £8.4m, EPS of 22.6p and a dividend 15p to include NAVES pu
28 Sep 2017
NAVES acquisition brings new Financial division
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NAVES acquisition brings new Financial division
Braemar PLC (BMS:LON) | 272 0 0.0% | Mkt Cap: 89.4m
- Published:
28 Sep 2017 -
Author:
Peter Ashworth -
Pages:
20
The acquisition of NAVES gives Braemar scope to exploit the growth opportunities in the maritime financial advisory market, enabling Braemar to broaden its service offering to its client base. The acquisition is consistent with management’s strategy of creating a diversified maritime business. The consideration will be met by a combination of cash and convertible loan notes. We have increased our FY2018E Adj. PBT by +6% to £8.4m, EPS of 22.6p and a dividend 15p to include NAVES pu