Gulf Marine Services Share Discussion Threads

[338] 10/1/2017 13:49

The share price is moving sideways for few weeks I think. It needs another contract news or trading update to kick it up again otherwise retracement is normal

[bigbigdave] 10/1/2017 11:51

DavR0s, spot on with Merrill there. Wait to see buys later today.

[bmw30csl] 10/1/2017 10:48

1 x book as at HY 2016 gives a price of 105.5p.

[richtea1701] 10/1/2017 10:45

I'll be holding onto every one of mine...

[bmw30csl] 10/1/2017 09:39

This one is well behind the curve

[davr0s] 10/1/2017 09:15

For Merrill downgrade read - "we were a bit slow to buy last week so we need to talk the share price down so we can get our clients invested". Downgrade - how funny. Wasn't 18months ago the time to be downgrading

[bmw30csl] 10/1/2017 08:35

Merrill downgrade - basically talks about day rate weakness. I take it as a positive given this analyst's consistency as a contrarian indicator! Many oil service stocks trading on price book to reflect future normalisation of earnings. From memory 1x book here is 100p and that is somewhat conservative as they built the vessels themselves.

[nimrod22] 10/1/2017 08:16

I think its time to take some profits

[discodave4] 10/1/2017 02:16

hedleyFrom their H1 results:"2016 earnings per share of 14.5 - 15.5 cents anticipated."That's say 15c (12.2p), PE 5.8Unless I'm missing something?ThanksDD

[hedley03] 09/1/2017 20:50

DiscoDave4
Forecast eps is 11 cents FY16 and 7.7 cents FY17. So the current share price is probably a forward PER of 12.

[338] 09/1/2017 20:12

Thanks Mates for your views on utilisation. I think 90% utilisation of 15 should generate enough cash to service the debt and increase the dividend.

[discodave4] 09/1/2017 20:03

For their FY ending Dec 2014 eps was 15p, it was trading on a PE of about 10.Forecast eps is just over 12p so £1.20 is not unrealistic IMO. Poo was about $59 Dec 2014 so only about 10% more than at present, difference this time is it's on the up rather than down!.Should have bought first thing this morning!......no offence holders but hope this dips for me.DD

[trident5] 09/1/2017 19:47

DD - some of us on here did our research when it was 130 and bought then!

But having done the research then I was confident enough to take a big stake at 30p and bail out in the mid 50s then again at 47 (still holding those) - by watching the oil price and the contract wins.

It's been a roller coaster.

[discodave4] 09/1/2017 19:38

Typical !Start researching price keeps going up.........when I buy it will do the opposite lol. Nice for you guys though (I mean it going up that is!).DD

[hpcg] 09/1/2017 17:16

deanowls - those rigs you can see in the pictures on their website are accommodation jackups. I agree entirely about the excess supply of drill ships and drilling rigs, but GMS operates in a different niche.

[deanowls] 09/1/2017 16:59

Guys bear in mind the pricing pressures they have had and continue to have, rent on rigs will not be what they were a year ago.

[che7win] 09/1/2017 16:30

Very strong finish!

[cheshire man] 09/1/2017 16:29

Yes hpcg lovely finish here :-)

[hpcg] 09/1/2017 16:19

Pushing up to high of the day at the end of the day, always a good sign.

[oregano] 09/1/2017 09:59

Given the current climate GMS could beat 2016's $100 of EBITDA, current forecasts for 2017 $60m. 100% upgrades possible, and with minimal capex, all cash goes to pay down debt so the equity component of the EV appreciates.

[seangwhite] 08/1/2017 20:34

GMS will have a larger fleet in 17 and so the opportunity to produce more in income than 16. They may look a tempting target for some at current share price levels.VGLTA

[discodave4] 08/1/2017 20:34

Hi tintin,Are you in here?Still researching and as yet only concern is their level of debt and the risks of exceeding their covenants........obviously the price of poo is also a risk. Been looking at a few others in this sector but this looks to have the better prospects.DD

[nimrod22] 08/1/2017 20:11

Shouldn't forget to look at some of the American offshore companies. Seacor Holdings (CKH:NYSE)up 60% in two months, and still rising. There is a possibility that Seacor Hldgs may spin out the marine division, and this would likely create additional shareholder value. Seacor spun out parts of the company previously to create ERA their helicopter division. There may also be an added bonus in having some dollar share holdings if the pound should drop further as predicted by some observers.

[tintin82] 07/1/2017 23:38

Once headway starts to be made reducing debt then these should really start to trundle north.

[trident5] 07/1/2017 13:21

This has repriced very quickly - it just couldn't get past 50p until a few days ago, then burst through.

It's probably got a bit more to go too in the short term, and downside risk seems to be significantly reduced given recent contract wins, higher oil price and noises from others in the industry.