Greyinvestor
29 Nov 2016
Added again Couldn't resist adding again yesterday, at £3.06......
soi
21 Nov 2016
BMS buy HiLight tranche @ 313.Prepared to add more.soi
soi
20 Nov 2016
Re: Back in HiGL Grey.It`s on my shopping list for next week.Risky but I feel the fall overdone.ATBsoi
Greyinvestor
19 Nov 2016
Back in I may be mad, but I've bought back into these, on the basis that the Baltic Dry Index is very sharply up.........
the wise owl
15 Nov 2016
Re: baltic dry index Check current chart.
Greyinvestor
25 Oct 2016
Re: Poor results You can pretty much guarantee that the reaction the day before is correct. City brokers are as leaky as ever, although in some cases it could be guesswork. It is very irritating though......
Laraghs fund
25 Oct 2016
Re: Poor results Share price fell by 4% yesterday, the day before the results came out, and is up slightly today. Did someone see these results already yesterday or just a lucky guess as to how poor they would be ?
TX2
25 Oct 2016
Re: Poor results The dividends,interim & final,cost about £8m per year,so it really needs this as a minimum profit to maintain these.
Greyinvestor
25 Oct 2016
Poor results I've changed my mind with these. They'll probably be OK, and I do think that the year end won't be terrible, but I've sold out for a substantial loss. I thought that today's results were awful.BMS is sticking with it's divi and it's year end forecast of £8m profit. I would have thought that £6m is more likely.It's always the same; consulting businesses fall off a cliff in a downturn. I hadn't appreciated how much of BMS business was consulting.Todays price is probably OK if you believe that these guys will knock out £8m plus per annum.It's a difficult call because the market is such bad value at the moment I'm just starting to accumulate cash again. Fortunately I made a fair bit of money on Far Eastern investment trusts and emerging markets.
Greyinvestor
20 Oct 2016
Added again I'll probably regret this, but I added again @ £3.16. I just wish that I hadn'tt bought a pile at over £4.......
Dingledangle
27 Sep 2016
Re: Topped up Well your top up is a vote of confidence. I think however this might continue to drop steadily especially now global attention is back onto China. I should have sold a few weeks ago but I'm stubborn. It will most likely recover but could well take a few years to do so. Dd
Greyinvestor
26 Sep 2016
Topped up I rarely add to a share that is performing badly, but in this case I've taken a deep breath and done so, on the basis that the Baltic Dry Index is up, sharply.....
Hydrogen Economy
19 Sep 2016
Telegraph -sinking feeling for Hanjin Some interesting perspectives on current state of the industry including from BMS analyst.BMS has significant technical support business with focus on the oil business which is also suffering. I think BMS will be a good recovery play at some point, but not sure when that point will be reached. Markets are very forward looking so recovery may precede strong recovery in dry bulk rates / oil price but I'll wait for signs of a turn in SP before investing. Good luck to holdersH2[link] Roach, a shipping analyst with Braemar, says that in the week after Hanjin’s collapse, the cost of shipping a container from Shanghai to Northern Europe rose from $695 to $949 for a standard shipping container. Ship owners are charging an extra $200 per unit, but shippers “are happy to pay that to guarantee space for their cargo” and the owners are no doubt happy for the brief relief.“The rise is shipping rates is welcome for the industry. Every little helps and they need it,” Mr Roach says. “With a major player going out of the market, prices have been going up, but it’s a knee-jerk reaction. There is still a lot of overcapacity in the market.”
Bill1703
13 Sep 2016
Re: EPS forecast down "EPS forecast now down to 22p, divi forecast still 25p, which is getting uncomfortable."Yes, only 2-3 brokers follow BMS so not sure how much weight to put on it, but consensus seems to be EPS ~22p this year, up to ~30p next. And most interestingly, all are still forecasting a held divi at 26p for the duration.These brokers must include the company's corporate broker, so you would expect some kind of steer, at some point? Most likely, the company is quite deliberately making no decision on the divi - quite a while before they have to. then, IF they can see an early return to EPS of 30p or more, then I can see them holding it, particularly if the cashflow position is equally buoyant - last year, the divi was 1.3x covered by EPS ~35p, but 1.7x covered by free cashflow; the former is relatively low, but the latter is comfortably above the market average. So cashflow could - should - be the final determining factor here. And as you say, Grey, the Baltic index is rising...
Hydrogen Economy
13 Sep 2016
Re: EPS forecast down GreyInvestor"On the other hand the Baltic Dry Index is now rising."I heard a commentator on the business programme on BBC Worlds service radio a few days back talking about the impact of the Hanjin situation. He said that because there were so many very large container vessels at anchor it was already driving up rates. They have 98 vessels in total, enough to affect the market.I did think about getting back into BMS (have not held for some time), but was put off by possibility of resolution and return to chronic overcapacity plunging rates back.H2
