Good morning!

There seems to be a problem this morning with live prices, and news. The usual site many of us use for RNSs doesn't seem to be working. When this problem occasionally arises, I go direct to the London Stock Exchange website, to read RNSs. Although its user interface is pretty lousy.

For alternative sources of live prices, which work nearly all the time, I use a watch list on IG or Spreadex accounts.

By the way, if you want a good laugh, then click here to see a short video of my epic fail on this holiday, trying to jump into a rubber ring in the swimming pool. Apparently it's already going viral on Facebook! You've Been Framed next possibly?! Some serious dieting is needed once I get back to the UK.


Braemar Shipping Services (LON:BMS)

Share price: 370p (down 8.9% today)
No. shares: 30.1m
Market cap: £111.4m

Trading update (profit warning) - a fair bit of detail is given, but the crux is that it's a profit warning;

...while the results for the year ending 28 February 2017 will be materially lower than 2016, the structural management changes and cost reduction measures we have put in place (the costs of which will substantially fall in the first half of the current year) will result in an improvement in business performance.

The market seems to have reacted gently to this profit warning, perhaps because the company says (above) that it's already taken action to improve performance.

The StockReport shows that consensus earnings forecast is currently for a 5.4% rise this year. So the company now saying it will be "materially lower" than last year - materiality is usually 10% or more - means this is quite a significant downturn in profit.

Dividends - the forecast dividend yield is now about 7%. So if the divis are held at 26p, where they have been static for the last 6 years, then this could be a good opportunity to pick up a high yielding share.

The downside risk is that the divis could be cut. In my experience, a static dividend payout for several years is indicative of a company that is struggling to maintain that level of payout, and sooner or later a cut may happen. Or re-basing, as management usually call a cut!

It's crucial to consider the balance sheet strength at high…

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