Braemar shipping set to record biggest one-day loss in over 23 years

Braemar

26/06/2023 08:46

** Shares of Braemar Plc  BRMS.L  plunges as much as 20.4% 
at 222p; to post biggest one-day loss in over 23 years, if
losses hold
    ** Shipbroker says FY 23 results delayed and will not be
published by June 30 due to a probe into a particular
transaction in 2013
    ** Adds it is investigation particular transaction of about
$3 mln from 2013 and involving payments made through to 2017
    ** Co also reconfirms its FY23 revenue and profit
expectations 
    ** Stock touches lowest in 15 month, among top pct losers
across London
    ** As of last close, stock down 5.4% YTD


    
   

 (Reporting by Hani Kollathodi in Bengaluru)
 ((Hani.Kollathodi@thomsonreuters.com;))