BRAEMAR SHIPPING SERVICES PLC (BMS)

Business description and investment metrics See Braemar's annual report for details Braemar's business comprises four areas of operation: Shipbroking Technical Services (Warranty services, Marine Consultancy, Vessel surveys etc) Logistics Environmental (Pollution control, salvage etc) What attracted me to the business, as an investor, is an attractive yield, backed by a strong earnings track record and sound balance sheet. Here is a summary snapshot of some key investment metrics: BMS 2010/11 2011/12f Share price (p) 468.0 Shares in issue (m) 21.1 Mkt cap (£m) 98.7 Turnover (£m) 126.1 127.0 EPS (p) 47.4 48.2 P/E 9.9 9.7 NTAV (£m) 32.0 NTAV/share (p) 151.8 Net cash (£m) 25.6 Cash/share (p) 121.3 Dividend (p) 26.0 26.3 Yield 5.6% 5.6% ROCE 19.7% Year End 28th ...