Gulf Marine Services Share Discussion Threads

[che7win] 10/12/2016 22:21

Russia agree oil cut, now Saudi days will cut more.

[jamiemp] 07/12/2016 14:35

No worries.

Problem with Level 2 is its very moment to moment. If you look at a candlestick chart of GMS, you'll see something similar to this likely happened on 26th Oct.

The only problem is that once the share price rose, someone said "Want my shares for 55p? Brilliant, take them all!"

i.e. new sellers arrived at the new price level and flooded the order book with offers to sell.

[che7win] 07/12/2016 14:30

Thanks Jamie, Nicely explained

[jamiemp] 07/12/2016 14:24

I'm referring to the Level 2 order book activity today.

At 1200 someone offered 45p for 70,000 shares. They filled some and moved the price up. Now they've got 68,000 shares left to buy and have moved their offer up to 48p. So if they still want the trade, and no new seller comes in at 48p, the price will edge up (slightly) in the (very)short term.

What I'm saying is it might be enough to clear sellers at 50p. Just my personal interpretation.

[che7win] 07/12/2016 14:10

Jamie, The 70k trade doesn't show?

[jamiemp] 07/12/2016 14:02

Fairly big buyer came in for 70,000 shares at 45p. Now moving up to 48p. It might yet clear 50p this month.

If they do squeak through and start deleveraging, 2017 might be less awful than previous years.

[rhomboid] 07/12/2016 08:25

Hi JamieMP
As far as I can see only Richard Dallas works for Gulf Capital, his boss Karin El Sohl is still on the Board at GMS, Mike Straughen had no link to Gulf Capital. This looks a tidying up of an unwieldy Board to me and a welcome if modest cost saving as well

[seangwhite] 06/12/2016 22:03

Are Gulf Capital large holders of GMS.VGLTA

[nimrod22] 06/12/2016 21:33

I see TDW Tidewater Inc are up 52% in five days.
CKH Seacor still on a roll up another 8.5% in last five days.

[jamiemp] 06/12/2016 20:51

Could be anything. Could be part of their cost-cutting measures they've announced in the past. Could be a boardroom cleanup before a sale. Could be the company is in meltdown.

I wouldn't read anything into it in isolation.

They both work for Gulf Capital, would be interesting if this was to remove a conflict and they immediately took the company private.

[trident5] 06/12/2016 17:58

Two non-exec directors stepping down in unison, no replacements announced. Seems slightly disconcerting.

[muffster] 06/12/2016 15:32

Jamie where do u get that information from

[jamiemp] 06/12/2016 14:49

meh, there is an absolutely huge overhang at 50p to clear before anything will happen.

[che7win] 05/12/2016 14:16

Someone accumulating 1728 share buys...

[che7win] 01/12/2016 14:15

Yep, This is getting strong buying.

[nimrod22] 30/11/2016 18:51

I realise that I'm on the GMS forum board, but further to my last post, I notice that Seacor Holdings have also been given the all clear on Nov 18th to take over International Shipholding Corp. Another indicator of things are going to move in this sector. There will be further shake outs of other companies on their last legs and the (hopefully) a recovery in the offshore. My own thoughts are to buy in across a spectrum of offshore assets that are at rock-bottom values. GMS is already on the move.....

[nimrod22] 30/11/2016 15:59

It looks as if the market has bottomed re the offshore sector. Various companies gone under, others re scheduled debt and avoided chapter 11.
Seacor Holdings up from around $46 to $61 in past month, and offered to buy/merge with different companies (Gulf Mark)as well as buying vessels at rock bottom prices (11 vsls from Pacific Richfield Marine Pte Ltd). Similar strategy that it used in late 80's early 90's when it merged/bought multiple companies and vessels at low prices.
HTG on a bit of a roll.
Oil price heading up.
Looks as if buying-in now will give a long term reasonable profit

[bmw30csl] 23/11/2016 11:15

To knock a contract in this part of the cycle really is madness. Any work is better than idle vessels. Yes the brevity of it shows things are bad but that isn't news.

[che7win] 23/11/2016 10:00

Chart getting stronger...demand here.

[che7win] 22/11/2016 14:55

tier1,
perhaps, but it's rather reassuring too at this point in the cycle, I'd rather hear these contracts at this point in the oil cycle.

[trier1] 22/11/2016 14:05

announcing a 3 month contract(including options) is beginning to sound a touch desparate.

[che7win] 22/11/2016 11:57

New Contract Award for Mid-Size Class Vessel

Gulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, is pleased to announce a new contract award for one of its Mid-Size Class vessels.

The contract, scheduled to commence in Q1 2017, is for three months (including options). The vessel will be supporting offshore maintenance work in the MENA region.

Duncan Anderson, Chief Executive Officer of GMS, said:

"We are very pleased to be supporting our client's operations in the MENA region. Our sophisticated vessels are highly efficient and provide a wide range of services that are valued by our clients seeking safe and cost-effective offshore solutions."

[che7win] 21/11/2016 16:57

Yep Jim, The chart looks very interesting here, Brent up 3.5% today and OPEC likely to do a deal next week.Meanwhile, this is highly geared, any light at the end of the tunnel and these will rocket IMHO.Covenants are tight next year, so DYOR.EPS this year is 12cents, shows the potential here in a recovery.If oil recovers, next year will start to see upgrades if they get contracts.

[jimbox1] 21/11/2016 15:46

Large number of shares being traded today.