Gulf Marine Services Share Discussion Threads

[338] 06/1/2017 17:03

Where can we get the information on up-to-date GMS vessel utilisation and the value of backlog, Mates?

Thanks to bwm for revising my mistyped of 270%

[che7win] 06/1/2017 15:12

Its the insurance claim scared me off CIU also.

GMS will do 12p 2016 financial year, this year is about paying down debt and remaining within covenants.

Upside over the next couple of years looks good risk/reward and nice play on oil prices rising IMO.

[bmw30csl] 06/1/2017 14:48

That would be 170% not 270

[338] 06/1/2017 14:37

Fenner (FENR) has increased from 100p (Feb-16) to 270p (today), or 170% gain in less than 12 months



So, expecting GMS to increase to 140p is realistic if the vessel utilisation can be increased to 90%+.

[hpcg] 06/1/2017 14:04

Anyone buying CIU needs to read the notes to the 2015 annual report and subsequent RNS announcements. Some element is discounted of course. My amateur opinion is product liability insurers are the most expert organisations when taking on that risk and that the odds are the status quo will be maintained. Almost by definition the big gains on cyclical recovery stories require some endogenous risk to have knocked the price down.

[338] 06/1/2017 12:30

I checked CIU yesterday, I think the legal battle against AVIVA let me down so I decided not buying yet

[davr0s] 06/1/2017 11:15

Sorry of course I meant 65 earlier! Now 165 would be nice

[cheshire man] 06/1/2017 11:08

Nice rise and the chart looks pretty good too :-) DYOR

[hpcg] 06/1/2017 11:04

rubberbullets - thanks for Cape. I agree, also looks a good value play, indeed it screens as such. Took money out of PMO which is ahead of itself IMO and put in there.

Value situations in oil services such as GMS and CIU are the place to be IMO, but only after it is apparent they are survivors, or post a restructuring if that is required.

[davr0s] 06/1/2017 10:57

Well 165 didn't put up much of a fight then! Fantastic momentum- seems market has decided that 40/50s price was no longer appropriate

[rubberbullets] 06/1/2017 10:43

CIU also on the move fast

[ggbarabajagal] 06/1/2017 08:23

On fire


CIU wil be next

[338] 06/1/2017 08:20

tatt, i think the fair target should be somewhere above the IPO 2 years ago > 135p

especially when GMS now have 15 vessels and the debt is expected to steadily reduce from this year.

We need a good policy by the CEO to improve the shareholder value such as more dividend or share buy back in line with the increase of EBITDA in the coming years

would you agree?

[tattooed93] 06/1/2017 07:17

100p target on these


These had eps forecasts of 19.3p not long ago and now market improving could get back there esp with the big orders

[sphere25] 05/1/2017 18:50

FXI - possibly a fraud, avoid.

As for GMS, three consecutive days of strong volume and a breakout of that key 60 mark. There was an absolute stack of sellers sat at 60, didn't think it'd get through there msyelf, but some monster buyers have come in (with plenty of orders unfilled) - bodes well for shareholders here.

Sphere - long for a trade.

[rubberbullets] 05/1/2017 11:55

Fusionex - FXI waking up

[davr0s] 05/1/2017 09:36

60k shares on the bid showing on L2 but get past that and not much resistance till 61.5 so 60p is a key level

[oregano] 05/1/2017 09:31

2017 shaping up to be better than 2016. 2016 EBITDA expectations currently $100m, 2017 are $60m. Upgrades are going to be big, they have commented that there is no material capex in 2017, so debt paydown should be material.

[seangwhite] 05/1/2017 08:58

The next update on trading will set the way this share is viewed. If order book is growing and debt being paid down 100p looks to be achievable.VGLTA

[richtea1701] 05/1/2017 08:55

I think that's conservative Mick

[mick] 05/1/2017 08:47

Nice to see GMS breaking into the 60's. it has the potential to run in to the 80's during this year. Very strong cash flow generation which will help them start reducing debt.

[richtea1701] 05/1/2017 08:20

Looks v strong

[bigbigdave] 05/1/2017 08:09

Possible positive read across from CIU statement today.

[che7win] 03/1/2017 17:54

GHF, Thanks, I know you mean it.Regards.