Business
Edison issues outlook on Braemar Shipping Services
Edison issues outlook on Braemar Shipping Services.
About this update from Braemar Plc
[{"type":"text","content":"\n \nRNS Number : 9156Y Braemar Shipping Services PLC 20 May 2016 \n\n \nLondon, UK, 20 May 2016\nEdison issues research outlook on Braemar Shipping Services\nBraemar has, once again, demonstrated the efficacy of its acquisition programme of the past few years. While earnings look set to plateau in the immediate future due to the ongoing challenging trading conditions, the group has the financial ability to sustain its investment strategy and continue group development. We have trimmed our estimates.\n\nBraemar shares are rated at a substantial discount to global market leader Clarkson - c 30% on the basis of prospective calendar 2016 earnings (P/E of c 13.2x vs 18.4x), falling to c 16% for 2017. This probably reflects a combination of the relative size of the two businesses and the latter's bigger recovery potential from a turn in the shipping cycle. Nevertheless, the major presence in the Asia/Pacific region, the strong balance sheet and the high yield offer considerable attractions for Braemar shareholders.\nClick here to view the full report. \n \nAll reports published by Edison are available to download free of charge from its website: www.edisoninvestmentresearch.com\n \nAbout Edison: Edison is an international equity research firm with a team of over 110 analysts, investment and roadshow professionals and works with both large and smaller capitalised companies, blue chip institutional investors, wealth managers, private equity and corporate finance houses to support their capital markets activity. Edison provides services to more than 420 retained corporate and investor clients from offices in London, New York, Frankfurt, Sydney and Wellington. Edison is authorised and regulated by the Financial Conduct Authority.\nEdison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.\nContact details: Learn more at www.edisongroup.com and connect with Edison on: \n\n\n\n\nLinkedIn\n\n\nwww.linkedin.com/company/edison-investment-research\n\n\n\n\nTwitter\n\n\nwww.twitter.com/Edison_Inv_Res \n\n\n\n\nYouTube\n\n\nwww.youtube.com/edisonitv\n\n\n\n\nGoogle+\n\n\nhttps://plus.google.com/105425025202328783163/posts\n\n\n\n\n \n\nThis information is provided by RNSThe company news service fro...