Buy Or Sell Opportunity • Jun 04
Now 21% undervalued Over the last 90 days, the stock has risen 13% to UK£9.00. The fair value is estimated to be UK£11.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.3% over the last 3 years. Earnings per share has declined by 4.2%. Reported Earnings • May 19
Full year 2025 earnings released: EPS: UK£1.89 (vs UK£1.58 in FY 2024) Full year 2025 results: EPS: UK£1.89 (up from UK£1.58 in FY 2024). Revenue: UK£50.9m (up 4.1% from FY 2024). Net income: UK£2.71m (up 19% from FY 2024). Profit margin: 5.3% (up from 4.7% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. New Risk • May 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 13% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (13% average weekly change). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (UK£15.6m market cap, or US$21.1m). Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£8.50, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 15x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 32% over the past three years. Declared Dividend • Apr 29
First half dividend of UK£0.10 announced Shareholders will receive a dividend of UK£0.10. Ex-date: 7th May 2026 Payment date: 22nd May 2026 Dividend yield will be 1.6%, which is lower than the industry average of 2.1%. Sustainability & Growth The dividend has increased by an average of 5.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • Apr 27
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to UK£9.50, the stock trades at a trailing P/E ratio of 5.3x. Average trailing P/E is 16x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 30% over the past three years. Valuation Update With 7 Day Price Move • Apr 06
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£7.00, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 16x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 64% over the past three years. Announcement • Apr 01
Braime Group PLC (AIM:BMT) acquired Donelec Group Limited for £13.1 million. Braime Group PLC (AIM:BMT) acquired Donelec Group Limited for £13.1 million on March 31, 2026. The acquisition was settled for initial cash consideration of £5.0 million, deferred cash consideration with a principal value of £4.9 million and additional contingent consideration of £1.5 million calculated based on Braime's management's estimate of the profits expected to be achieved over the six-year period by Don Electronics and Synatel and discounted to a net present value using a discount rate of 6.25%. Interest accrues on the deferred consideration of £4.9 million is at the rate of Bank of England base rate plus 3% and the deferred consideration is payable at a rate of £0.75 million per annum for three years, with the remaining balance payable in full six-months after the third anniversary of completion. The estimated nominal undiscounted value of the consideration, based on these assumptions and inclusive of interest on the deferred consideration, is £13.1 million. However, the additional contingent consideration, and therefore the total consideration payable under the acquisition agreement is uncapped, although the terms are structured such that profits earned by achieving the targets always exceed the contingent consideration. Braime's estimated fair value of the net assets acquired, including intangible assets but excluding balances with the Group is £9 million. This remains subject to adjustment once the completion accounts become available. The cash consideration payable on completion was funded through a new £5.2 million term loan facility entered into today with the Company's incumbent banking partner, HSBC for an initial term of 41 months, expiring on 31 August 2029. Repayment is to be amortized over seven years and interest on the loan is payable at 2.6% above Bank of England base rate. Standard covenants are in place and the debt is secured on fixed and floating charges on all the assets of the UK entities within the Group. The acquisition includes 100% of the equity holds by Donelec in Synatel Instrumentation Limited.
For the period ending December 31, 2025, Donelec Group Limited reported total revenue of £7.1 million and total common equity of £3 million.
Hill Dickinson LLP acted as legal advisor for Braime Group PLC. Armstrong Watson Ltd, Investment Banking Arm and Moore Kingston Smith LLP acted as financial advisors for Braime Group PLC. Zeus Capital Limited also acted as financial advisor and broker to Braime Group PLC.
Braime Group PLC (AIM:BMT) completed the acquisition of Donelec Group Limited on March 31, 2026. New Risk • Mar 30
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (UK£13.9m market cap, or US$18.4m). New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Market cap is less than US$100m (UK£13.9m market cap, or US$18.6m). Valuation Update With 7 Day Price Move • Mar 09
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to UK£7.00, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 16x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 65% over the past three years. New Risk • Jan 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.3% average weekly change). Market cap is less than US$100m (UK£16.3m market cap, or US$22.4m). Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to UK£8.50, the stock trades at a trailing P/E ratio of 4.7x. Average trailing P/E is 15x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 59% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£8.00, the stock trades at a trailing P/E ratio of 4.5x. Average trailing P/E is 14x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 59% over the past three years. Upcoming Dividend • Sep 25
Upcoming dividend of UK£0.06 per share Eligible shareholders must have bought the stock before 02 October 2025. Payment date: 17 October 2025. Payout ratio is a comfortable 8.9% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of British dividend payers (5.4%). Lower than average of industry peers (2.3%). Reported Earnings • Sep 08
First half 2025 earnings released: EPS: UK£0.97 (vs UK£0.76 in 1H 2024) First half 2025 results: EPS: UK£0.97 (up from UK£0.76 in 1H 2024). Revenue: UK£26.4m (up 6.8% from 1H 2024). Net income: UK£1.40m (up 28% from 1H 2024). Profit margin: 5.3% (up from 4.4% in 1H 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Declared Dividend • Sep 04
First half dividend increased to UK£0.06 Dividend of UK£0.06 is 14% higher than last year. Ex-date: 2nd October 2025 Payment date: 17th October 2025 Dividend yield will be 1.8%, which is lower than the industry average of 2.1%. Sustainability & Growth Dividend is well covered by both earnings (8% earnings payout ratio) and cash flows (15% cash payout ratio). The dividend has increased by an average of 5.3% per year over the past 10 years. However, payments have been volatile during that time. Earnings per share has grown by 25% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Announcement • Sep 04
Braime Group PLC Declares Interim Dividend for the Six Months Ended 30 June 2025, Payable on October 17, 2025 Braime Group PLC increased interim dividend from 5.25p to 6.0p for the six months ended 30th June 2025. This dividend will be paid on 17th October 2025 to the Ordinary and 'A' Ordinary shareholders on the register on the 3rd October 2025. The associated ex-dividend date is 2nd October 2025. Board Change • Jul 07
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 7 non-independent directors. Non-Executive Director Tony Steels was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • May 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to UK£8.75, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 13x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 43% over the past three years. Reported Earnings • May 27
Full year 2024 earnings released: EPS: UK£1.58 (vs UK£1.58 in FY 2023) Full year 2024 results: EPS: UK£1.58 (up from UK£1.58 in FY 2023). Revenue: UK£48.9m (up 1.6% from FY 2023). Net income: UK£2.28m (flat on FY 2023). Profit margin: 4.7% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. New Risk • Apr 29
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 2.3% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (9.8% average weekly change). Market cap is less than US$100m (UK£14.2m market cap, or US$18.9m). Declared Dividend • Apr 25
Final dividend increased to UK£0.10 Dividend of UK£0.10 is 5.3% higher than last year. Ex-date: 8th May 2025 Payment date: 23rd May 2025 Dividend yield will be 2.2%, which is about the same as the industry average. Sustainability & Growth Dividend is well covered by both earnings (10% earnings payout ratio) and cash flows (18% cash payout ratio). The dividend has increased by an average of 5.3% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. Earnings per share has grown by 11% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 23
Full year 2024 earnings released: EPS: UK£1.58 (vs UK£1.58 in FY 2023) Full year 2024 results: EPS: UK£1.58 (up from UK£1.58 in FY 2023). Revenue: UK£48.9m (up 1.6% from FY 2023). Net income: UK£2.28m (flat on FY 2023). Profit margin: 4.7% (in line with FY 2023). Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to UK£8.50, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 13x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 53% over the past three years. New Risk • Mar 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Share price has been volatile over the past 3 months (9.7% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin). Market cap is less than US$100m (UK£16.6m market cap, or US$21.4m). Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to UK£8.50, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 13x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • Dec 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£11.00, the stock trades at a trailing P/E ratio of 8.4x. Average trailing P/E is 13x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 50% over the past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to UK£9.00, the stock trades at a trailing P/E ratio of 6.8x. Average trailing P/E is 14x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 61% over the past three years. Upcoming Dividend • Sep 19
Upcoming dividend of UK£0.052 per share Eligible shareholders must have bought the stock before 26 September 2024. Payment date: 11 October 2024. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 1.2%. Lower than top quartile of British dividend payers (5.5%). Lower than average of industry peers (1.9%). Declared Dividend • Sep 05
First half dividend of UK£0.052 announced Dividend of UK£0.052 is the same as last year. Ex-date: 26th September 2024 Payment date: 11th October 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 18%. New Risk • Sep 03
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 3.9% Last year net profit margin: 6.5% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin). Market cap is less than US$100m (UK£22.3m market cap, or US$29.3m). Announcement • Sep 03
Braime Group plc Announces Interim Dividend, Payable on October 11, 2024 Braime Group PLC decided to maintain the interim dividend at 5.25 pence per share, the same level as the interim dividend paid in October 2023. This dividend will be paid on 11th October 2024 to the Ordinary and 'A' Ordinary shareholders on the register on the 27th September 2024. The associated ex-dividend date is 26th September 2024. Valuation Update With 7 Day Price Move • Aug 24
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to UK£13.50, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 16x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 35% over the past three years. Buy Or Sell Opportunity • Aug 09
Now 27% overvalued Over the last 90 days, the stock has fallen 8.3% to UK£11.00. The fair value is estimated to be UK£8.64, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 46%. New Risk • Jul 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Market cap is less than US$100m (UK£19.2m market cap, or US$24.6m). Buy Or Sell Opportunity • May 25
Now 47% overvalued Over the last 90 days, the stock has fallen 24% to UK£11.00. The fair value is estimated to be UK£7.51, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 15% over the last 3 years. Earnings per share has grown by 46%. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to UK£9.50, the stock trades at a trailing P/E ratio of 6x. Average trailing P/E is 14x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 56% over the past three years. Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to UK£11.50, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 13x in the Trade Distributors industry in the United Kingdom. Total loss to shareholders of 47% over the past three years. Announcement • Apr 25
Braime Group PLC Provides Sales Guidance for the Fiscal Year 2024 Braime Group PLC provided sales guidance for the fiscal year 2024. The company expects lower sales volume in 2024. Announcement • Apr 24
Braime Group PLC Proposes Second Interim Dividend for the Year Ended December 31, 2023, Payable on May 24, 2024 Braime Group PLC's proposed paying a second interim dividend of 9.50p for the year ended December 31, 2023 on the 24th May 2024 to the holders of the Ordinary and "A" Ordinary Shares on the share register on 10th May 2024. The ex-dividend date is 9th May 2024. This brings the total dividend paid in relation to the 2023 financial year to 14.75p, compared to 13.75p in 2022. Declared Dividend • Apr 24
Final dividend increased to UK£0.095 Dividend of UK£0.095 is 5.6% higher than last year. Ex-date: 9th May 2024 Payment date: 24th May 2024 Dividend yield will be 1.1%, which is lower than the industry average of 2.1%. Payout Ratios Payout ratio: 9%. Cash payout ratio: 12%. Announcement • Apr 23
Braime Group PLC, Annual General Meeting, Jun 27, 2024 Braime Group PLC, Annual General Meeting, Jun 27, 2024, at 10:45 Coordinated Universal Time. Location: Hunslet Road, Leeds LS10 1JZ United Kingdom Reported Earnings • Apr 22
Full year 2023 earnings released: EPS: UK£1.58 (vs UK£1.92 in FY 2022) Full year 2023 results: EPS: UK£1.58 (down from UK£1.92 in FY 2022). Revenue: UK£48.2m (up 7.3% from FY 2022). Net income: UK£2.27m (down 18% from FY 2022). Profit margin: 4.7% (down from 6.2% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. New Risk • Mar 22
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Minor Risks Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). Market cap is less than US$100m (UK£24.0m market cap, or US$30.2m). Upcoming Dividend • Sep 22
Upcoming dividend of UK£0.052 per share at 1.0% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 6.6% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (6.2%). Lower than average of industry peers (2.2%). Reported Earnings • Sep 07
First half 2023 earnings released: EPS: UK£1.03 (vs UK£0.78 in 1H 2022) First half 2023 results: EPS: UK£1.03 (up from UK£0.78 in 1H 2022). Revenue: UK£24.7m (up 16% from 1H 2022). Net income: UK£1.48m (up 32% from 1H 2022). Profit margin: 6.0% (up from 5.3% in 1H 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • Sep 05
Braime Group plc Announces Interim Dividend, payable on October 13, 2023 Braime Group PLC Announced that in line with the Group's policy to maintain dividend growth, balanced alongside the Group's requirement for investment in capital to support long-term growth, the directors have decided to increase the interim dividend from 4.75p to 5.25p per share. This dividend will be paid on 13th October 2023 to the Ordinary and 'A' Ordinary shareholders on the register on the 29th September 2023. The associated ex-dividend date is 28th September 2023. New Risk • Jul 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 9.3% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.0% average weekly change). Market cap is less than US$100m (UK£21.4m market cap, or US$27.2m). Upcoming Dividend • May 05
Upcoming dividend of UK£0.09 per share at 1.0% yield Eligible shareholders must have bought the stock before 11 May 2023. Payment date: 26 May 2023. Payout ratio is a comfortable 7.2% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (2.1%). Valuation Update With 7 Day Price Move • May 01
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to UK£14.25, the stock trades at a trailing P/E ratio of 7.4x. Average trailing P/E is 10x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders of 9.5% over the past three years. Reported Earnings • Apr 25
Full year 2022 earnings released: EPS: UK£1.92 (vs UK£0.46 in FY 2021) Full year 2022 results: EPS: UK£1.92 (up from UK£0.46 in FY 2021). Revenue: UK£44.9m (up 23% from FY 2021). Net income: UK£2.77m (up 316% from FY 2021). Profit margin: 6.2% (up from 1.8% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Jan 31
Braime Group PLC Announces CEO Changes Braime Group PLC announced that with effect from February 1, 2023, Nicholas Braime will step down as Chief Executive of the Company but will remain on the board as Executive Chairman of the Company. Nicholas was previously both the Chairman and Chief Executive. The Company is also very pleased to announce that Carl Braime, currently Group Sales Director, and Alan Braime, currently Group Commercial Director, both Executive Directors of the Company, will be appointed Joint Chief Executive Officers with effect from 1 February 2023. In addition to their responsibilities as Joint Chief Executive Officers of the Group, Carl will be focused on the affairs of the 4B division and Alan will be focused on the Company's manufacturing division, Braime Pressings. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Andrew Walker was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 22
Upcoming dividend of UK£0.048 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 14 October 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (2.2%). Announcement • Sep 07
Braime Group plc Declares Interim Dividend, Payable on 14Th October 2022 Braime Group PLC decided to increase the interim dividend from 4.25 pence to 4.75 pence per share. This dividend will be paid on 14th October 2022 to the Ordinary and 'A' Ordinary shareholders on the register on the 30th September 2022. The associated ex-dividend date is 29th September 2022. Reported Earnings • Sep 06
First half 2022 earnings released: EPS: UK£0 (vs UK£0.42 in 1H 2021) First half 2022 results: EPS: UK£0. Revenue: UK£21.3m (up 17% from 1H 2021). Net income: UK£1.12m (up 85% from 1H 2021). Profit margin: 5.3% (up from 3.3% in 1H 2021). Upcoming Dividend • May 12
Upcoming dividend of UK£0.082 per share Eligible shareholders must have bought the stock before 19 May 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.8%. Lower than top quartile of British dividend payers (4.8%). Lower than average of industry peers (2.0%). Reported Earnings • Apr 29
Full year 2021 earnings released: EPS: UK£0.52 (vs UK£0.57 in FY 2020) Full year 2021 results: EPS: UK£0.52 (down from UK£0.57 in FY 2020). Revenue: UK£36.4m (up 11% from FY 2020). Net income: UK£665.0k (down 19% from FY 2020). Profit margin: 1.8% (down from 2.5% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 4 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Non-Executive Director Andrew Walker was the last independent director to join the board, commencing their role in 2010. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Sep 23
Upcoming dividend of UK£0.043 per share Eligible shareholders must have bought the stock before 30 September 2021. Payment date: 14 October 2021. Trailing yield: 0.5%. Lower than top quartile of British dividend payers (3.9%). Lower than average of industry peers (1.1%). Reported Earnings • Sep 10
First half 2021 earnings released: EPS UK£0.42 (vs UK£0.17 in 1H 2020) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2021 results: Revenue: UK£18.2m (up 13% from 1H 2020). Net income: UK£608.0k (up 151% from 1H 2020). Profit margin: 3.3% (up from 1.5% in 1H 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 19% per year, which means it is well ahead of earnings. Reported Earnings • Jun 01
Full year 2020 earnings released: EPS UK£0.57 (vs UK£0.94 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£32.8m (down 1.9% from FY 2019). Net income: UK£823.0k (down 40% from FY 2019). Profit margin: 2.5% (down from 4.1% in FY 2019). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has increased by 22% per year, which means it is well ahead of earnings. Reported Earnings • Apr 30
Full year 2020 earnings released The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: UK£32.8m (down 1.9% from FY 2019). Net income: UK£823.0k (down 40% from FY 2019). Profit margin: 2.5% (down from 4.1% in FY 2019). Announcement • Apr 29
Braime Group PLC Proposes Second Interim Dividend, Payable on May 25, 2021 Braime Group PLC proposed second interim dividend of 7.8 pence per share will be paid on the May 25, 2021, to the holders of the Ordinary and 'A' Ordinary shares on the share register on May 6, 2021. Is New 90 Day High Low • Feb 11
New 90-day high: UK£19.50 The company is up 46% from its price of UK£13.40 on 13 November 2020. The British market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 10.0% over the same period. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improved over the past week After last week's 27% share price gain to UK£18.00, the stock is trading at a trailing P/E ratio of 30.4x, up from the previous P/E ratio of 24x. This compares to an average P/E of 24x in the Trade Distributors industry in the United Kingdom. Total returns to shareholders over the past three years are 105%. Is New 90 Day High Low • Jan 05
New 90-day high: UK£18.00 The company is up 34% from its price of UK£13.40 on 07 October 2020. The British market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Trade Distributors industry, which is up 12% over the same period. Is New 90 Day High Low • Dec 01
New 90-day high: UK£13.90 The company is up 4.0% from its price of UK£13.40 on 02 September 2020. The British market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Trade Distributors industry, which is up 14% over the same period. Reported Earnings • Sep 19
First half earnings released Over the last 12 months the company has reported total profits of UK£853.0k, down 59% from the prior year. Total revenue was UK£32.5m over the last 12 months, down 6.5% from the prior year.