Gulf Marine Services Share Discussion Threads

[trident5] 05/8/2016 11:05

One is an extension. One is a win.

[dodge meister] 05/8/2016 10:46

It's good but they are renewals, it doesn't put the idles into service

[lomcovaks] 05/8/2016 10:38

Slightly under water on my recent initial purchase but have topped up this morning and feel fortunate to get them at 31.93p.
Happy to just sit on these for the next ten years or more.

[pictureframe] 05/8/2016 10:09

Dont think market has picked this contract up yet.

[trident5] 05/8/2016 07:50

RNS this morning should get a good bounce underway here.

[pictureframe] 25/7/2016 11:26

Not a fan of this share but the bounce back is impressive.

[richtea1701] 25/7/2016 10:31

Back to 50 sharpish

[seangwhite] 25/7/2016 09:23

Big seller must be gone!

[svenice7] 25/7/2016 09:01

That spike wtf? I missed the boat.

[elsa7878] 24/7/2016 21:12

Firm charters and potential charters May 2016 $411m. Less than 2 months later it is $257m. Quite some drop in 2 months.....

[seangwhite] 24/7/2016 11:41

With a big seller this will be kept down or go lower.VGLTA

[kito691] 22/7/2016 09:49

It's been heading south for the last 12 months sadly

[seangwhite] 22/7/2016 07:07

Looks like this is heading south along with POO and a big seller in the market.

[pictureframe] 21/7/2016 13:49

No reason to buy, contract being lost and no new ones announced.

[kito691] 21/7/2016 13:36

No one buying at any price relentlessly heading south

[richtea1701] 21/7/2016 11:53

Anyone buying at 30p?!!

[lomcovaks] 08/7/2016 13:36

Have been watching and waiting for a while. Bought an initial £5k stake here today at 34.8p and will add on further weakness with the intention to hold for some years. Oil will mean revert at some point.

[tintin82] 08/7/2016 11:47

IC reiterates its buy call in todays issue. 'Nonetheless we feel that trading in the Middle East will inevitably improve'

[empirestate] 06/7/2016 17:37

now we know there is a decent sized seller on the stock i would imagine the share price will make a gradual decline until the share price becomes more attractive to a buyer in size. could be a decent coiled spring share price play if the holdings are well monitored and purchase is timed right.

keep em peeled

[empirestate] 06/7/2016 00:45

starting to look reasonable value here, will be looking to see the results on 31/8 though as she may well drift lower over the next 2 months.

[richtea1701] 05/7/2016 10:26

Dipped in here. Looks a good entry - risk /reward

[twistednik] 05/7/2016 10:02

May have to wait for the brokers to update their models.

[twistednik] 05/7/2016 10:01

Yep, good news on the banking covenants - will hopefully negate the need for an equity raise if they can ride out the cycle.

The profit warning and uncertainty caused due to the termination of two vessels is not great. Having your key assets remain idle and not generating cash-flow will not help future earnings. Let's hope they can get these chartered for next year.

Does anyone have an idea of what next year's earning would look like if we are unable to charter these vessels?

[koolio] 05/7/2016 08:28

I thought that the early termination of the contract on K class vessels was pretty much priced in when I bought the shares. National oil companies in the Gulf aren't going away and the work can't be postponed forever. Happy to hold.