Double the size of our business over the next 4 years
Achieve optimum scale and market share
Utilise our position as a UK listed company
How we achieve this:
Organic growth
Targeted acquisitions
New products coverage
Utilise technology
Strengthen our business infrastructure
November
2021
Interim Results November 2021
3
Strategic Progress Since Year End
Board changes
Nigel Payne, Chairman
Tris Simmonds, COO
Elizabeth Gooch, NED
Rescheduling of Naves acquisition liabilities
£2.5m previously due for repayment before the end of December 2022 deferred to be paid no earlier than September 2025. Further amount of £0.6m to be equity settled
Balance sheet strengthening and improved short-term liquidity
Planned integration of Financial and Shipbroking Divisions
Combined expertise in shipping investment and risk management
November
2021
Interim Results November 2021
4
Strategic Progress Since Year End
Disposal of non-core investment in AqualisBraemar
Total cash proceeds of £7.9m
Further balance sheet strengthening
Planned joint venture between the Logistics Division, Cory Brothers, and Vertom
Significant stake in much larger combined European port agency business
Prospects for scale and faster growth as a combined business
November
2021
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Braemar Shipping Services plc published this content on 03 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 November 2021 09:41:02 UTC.
Braemar PLC is a provider of investment, chartering and risk management advice to the shipping and energy markets. The Companyâs operations are diversified across tankers, dry cargo, sale and purchase, renewables, financial and offshore. It operates through three segments: Investment advisory, Chartering and Risk advisory. The Chartering segment includes the Companyâs shipbroking business, Risk Advisory segment includes its regulated securities business, and Investment Advisory segment focuses on transactional services. It facilitates all stages of shipping purchases and sales, with a focus on both protecting and maximizing its clientsâ investments. Its integrated corporate finance and brokerage teams help protect its clients against the turbulent price movements and cyclical liquidity crunches that are commonplace in shipping markets. Its main geographic markets comprise the United Kingdom, Singapore, the United States, Australia, Germany and the Rest of the World.