Gulf Marine Services Share Discussion Threads

[jamiemp] 16/8/2016 11:39

Although interesting that the price was immediately supported. Obviously some traders on the look out for buying opportunities.

I can't see any reason this would head back down prior to the results. Although I would be wary of being in too deep on the 31st - a mistake I have made before!

[sh1984] 16/8/2016 11:16

Losing contracts left, right and centre not helping!!

[jamiemp] 16/8/2016 10:29

Unless the market is right, we're wrong and it goes bust.

That being said, I am in again personally. As someone pointed out, you need to be in in advance of the news given the (lack of) liquidity. Hopefully the results end-August will contain some green shoots.

Offshore charter rates have been steadily upticking since June, so the recent renewals would not have been at the bottom of the market at least (one would hope).

[bikwik] 16/8/2016 10:23

Well I think the market has it wrong in that case. The time to buy is when the market pushes the shares of a fundamentally sound business to ridiculously low levels. This being a case in point. So here lies the opportunity.

[jamiemp] 16/8/2016 10:02

been buying and taking losses on these since 160p(!). I think they have a handle on the debt, and profits will turnaround at some point, but the market obviously does not care for them.

[bikwik] 16/8/2016 09:00

Seems to me these really want to go up. Up until just now all trades were sells, yet price up 2.7%. Quote of 37.00 to 37.50. Then first buy of the day at 37.50 and offer goes immediately up to 38.00.

[rhomboid] 15/8/2016 17:25

I bought in this morning as straight swap for OCN , I wanted exposure to the bounce back in oil support services as and when it comes and given recent news flow I can see this doing very well indeed on 2 year timeframe.

[johnsoho] 15/8/2016 17:18

Added a few more today, hopefully the share price recovery will continue.

[richtea1701] 15/8/2016 17:16

This is a good business that the market has massacred. I'm in quite heavy at 32/36p.

[hpcg] 15/8/2016 15:53

I agree, the set up looks very nice. I bought during the big up day in June and that did not work, so I'm cautious on definitively calling the bottom. We do need to see activity increase. All the cost saving oil companies have been doing is at the expense of service companies, either directly through lower rates, or indirectly through lack of activity.

[bikwik] 15/8/2016 15:36

Description of Harami's if you don't know:

[bikwik] 15/8/2016 15:33

Chart looks pretty nice to me:


free stock charts from uk.advfn.com

[hpcg] 15/8/2016 15:29

Well I'm in, though this is my second attempt. Oil services lag oil companies by a lot, and the drillers continue (Ocean Rig latest) forecasting hell, though largely because of their enormous structural over supply.

[bikwik] 15/8/2016 15:17

Compound growth in revenue of 23% per annum between 2011 and 2015. This year will no doubt be down a bit because of the past fall in the oil price. However, oil is recovering and has further to go, so GMS revenue should pick up next year. Meantime its dirt cheap and overlooked by most. Obviously not by me and Richtea for example.

First chart resistance is at 43p (when at that level the forward P/E is 3.8). So say it got to a P/E of 5, then share price would be 56p. So' i'd have thought it not unreasonable to see these at 50p within two weeks.

Just letting you know. DYOR etc.

[dodge meister] 15/8/2016 15:10

Chart is nice?? The chart needs to break the near year long down trend...the company though does look good.

[bikwik] 15/8/2016 15:01

This is running ahead of the figures due on 31st August. Even allowing for companies f/c of a 25% to 30% drop in EPS, the P/E is just 3.3. NAV of £285m (current mkt cap of £131m) so its trading at less than half of book.
Graham Ratio is 0.23....i.e dirt cheap. Pre tax margins of between 35% and 40% from 2012 to 2015. Debt is high but is easily being serviced.

Yields about 1.5%, but dividend cover is very high at nine times!! Obviously they could easily raise the dividend, though they may not do just yet. Plus its a great business. Check it out for yourselve. Plus the chart is very nice.

[richtea1701] 10/8/2016 12:12

Incidentally had a good reply from customer relations. They were disappointed by the market reaction to latest RNS. They are announcing results on 31/8. Might see a rise leading into this is my inference. I'm having a killer slug too at 32p. Risk/reward looks OK to me.

[richtea1701] 10/8/2016 11:45

Someone is buying

[fruitninja84] 09/8/2016 22:12

Took a small slug today. Lost big here before but have kept on my watchlist. Can get out here easily if the price drops below 30p. Its one of those illiquid situations and with a big spread that when the re ratings comes if your not all ready in it it will pass by in the blink of an eye... All imo. Very risky share but could be very rewarding. Hopefully will wake up to another contract win soon?

[richtea1701] 09/8/2016 19:43

Results end of month?

[richtea1701] 09/8/2016 19:42

Decent buying today?

[friars3] 09/8/2016 19:29

nothing happening here till oil starts to rise above 60$ a barrel,I think

[bsharman3] 09/8/2016 18:37

Have Miton sold here?

[trident5] 05/8/2016 14:16

I'm glad you read it like that DM - that was my first take.

But I think that last comment references a win and an extension on two vessels i.e. one win on one vessel and an extension on the 2nd vessel.