Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Marine Services LSE:GMS London Ordinary Share GB00BJVWTM27 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.25p -2.76% 44.00p 43.50p 45.00p 44.00p 44.00p 44.00p 53,869 10:18:50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 179.4 30.8 8.4 5.2 153.79

Gulf Marine Share Discussion Threads

Showing 951 to 973 of 975 messages
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
14/8/2017
16:05
Definitely not Ocean then. It was someone which was warm stacking and not cold stacking, at additional cost. They were asked the question on the relative costs on a conference call, maybe a year ago. Not RIG, who were cold stacking, nor ESV as I haven't read a transcript, nor SDRL. By process of elimination and gradual recall I'm fairly sure it was DO.
hpcg
14/8/2017
14:12
If it was the infamous George Economou of Ocean Rig and Dryships, then, like most of his shareholders over the last few years, i would treat anything the ever scheming, self serving George says, regarding the shipping and drillship industry with extreme caution, since he has a reputation for talking and acting for himself, that would bring a flush to the cheeks of a New York crime boss! After seven stock splits in the last year, anyone then holding 1 million Dryship shares would now own less than three shares worth around 50 US cents each! Economou listed Dryships on Nasdaq in 2005 for $18 a share, with him holding all the voting rights, and saw the stock change hands for as much as $2,785 per share in 2007 during the last shipping boom. But that doesn’t mean that Economou is now poor. The transactions between DryShips and Economou’s Cardiff Marine affiliate detailed in Securities & Exchange Commission filings have been going on for years and show Economou left with close to a billion dollars worth of what were once Dryships assets. Economou still controls privately-held Cardiff Marine, a ship management business that has managed both Dryships’ vessels and Economou’s private fleet. In 2016, entities connected to Economou purchased 17 dry bulk vessels and 10 tankers from Dryships, at incredibly favourable prices for him. Shareholders learned to their cost not to expect Economou to be concerned for them. “Who are your investors?” Economou was once asked in a Forbes interview. George memorably replied without a hint of remorse for his highly unethical behaviour: “Computer models, hedge funds and some institutions that go in and make $10 and get out.” George is currently the subject of nearly two dozen class action law suits with respect to his management of Dryships.
mount teide
14/8/2017
13:38
One of the drilling contractors, I can't remember whom of the top of my head, might have been Ocean, suggested that cold stacked rigs may not be able to come back at all they will be that difficult to re-start. I'm also reasonably comfortable that partial builds will go nowhere as the yards are in as bad a state financially as the drilling contractors. GMS has its own niche, but I think the company is signalling one more year of work shortage. There will be a time to buy in (back in my case) but that might well be 6 months away.
hpcg
13/8/2017
10:00
GMS will be worth nipping in and out depending on the news. Bought at 39.99 on 3/8/17 and sold at 44.81 on 11/8/17, not a kings ransom, but worth catching on the various blips.
nimrod22
09/8/2017
11:56
Indeed good news, but the message the revisions tell is weak trading for the next year.
hpcg
09/8/2017
08:09
Good to see new covenants agreed
mick
03/8/2017
08:39
Investec's buy note of a week ago looks badly timed to say the least. Think the drop is overdone as business model looks sound over the longer term.Instis who bought a sizeable chunk at 63p a short time back must not be happy.
seangwhite
02/8/2017
21:14
Sold my whole holding today, this has cost me a pretty penny this week :-[
value king
02/8/2017
21:14
Sold my whole holding today, this has cost me a pretty penny this week :-[
value king
02/8/2017
20:54
yes, agree with that glasshalffull. I'm comfortable with the debt if the work is there and they are getting paid as that means the lenders will be happy too. I'd be happy to buy at 35 again with the order book getting entries.
hpcg
02/8/2017
20:21
Negotiated Trade of 368k sold below the bid this morning! Hmmmmm. Someone got lucky!
mount teide
02/8/2017
19:59
Gulf Capital must be chuffed that they managed to offload 60M back in May...
phowdo
02/8/2017
19:52
Nice summary glasshalffull
richtea2517
02/8/2017
19:17
Oh no I bought another lemon.
wad collector
02/8/2017
19:00
In December I posted my concern over gearing levels & after reviewing decided to place it on my watch list....only to watch as it rose 40% almost immediately. Today's announcement is not unexpected IMHO as they were sailing close to the wind (pardon pun) with debt & gearing levels reaching their peak this year. So, little room for error, or in this case, contract delays. Wish holders good luck. GMS appear a very professional outfit & it sounds as if their bankers are supportive. So hopeful this will be a minor blip, but until I'm comfortable with debt levels and gearing I'll be staying on the sidelines. Kind regards, GHF
glasshalfull
02/8/2017
16:44
The old 3.21 RNS trading update is all you needed to know. Thankfully I sold but it had crept back on my watchlist but thankfully hadn't pressed the buy button. Think I'll wait a bit
davr0s
02/8/2017
16:19
Couldn't sell straight after news so stick with holding now. Think management are good so this time next year maybe a different story
richtea2517
02/8/2017
16:18
Unwelcome news but seems to me to be a good buying opportunity.
mick
02/8/2017
16:17
I'd been looking hard at it as the lack of an update suggested they were in line & the shares had been building some recent momentum, turns out they were just keeping quiet whilst trying to tie up some meaningful contracts to serve up alongside the bad news they already knew about. Hard to value it now🤔
rhomboid
02/8/2017
16:00
I'm out. There will opportunities to buy in again if warranted, but downside risk too great at this time.
hpcg
02/8/2017
15:56
Shame, good business that's been unlucky. Hopefully one day it can bounce back.
cw6365
02/8/2017
15:35
Trading Update ...or warning, only sold a few weeks back as covenants concerned me, this now seems an issue. If I held I'd be selling, good luck anyhow Gulf Marine Services PLC ('Gulf Marine Services', 'GMS', 'the Company' or 'the Group') TRADING UPDATE Gulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, provides the following trading update for the period 16 May 2017 to 1 August 2017. Overall the Group is continuing to see good levels of tender activity and is progressing a number of opportunities, but is encountering some delays in contract awards and commencement dates. Discussions with a client regarding two new contracts for SESVs in the MENA region are well advanced and the Group is anticipating that these will be finalised shortly. The contracts, which are currently expected to commence at the end of Q1 2018, are for a Large Class vessel with a charter period of eight months (including options) and a Mid-Size Class vessel with a charter period of eight months (including options). A contract extension has been confirmed for one of the Group's Mid-Size Class vessels currently operating in the MENA region, the extension period is for five months (including options) to the end of 2017. A contract extension to the end of Q1 2018 has also been agreed for a Small Class vessel in the MENA region. As scheduled, a Large Class vessel has commenced a previously announced 18-month charter (including options) in Europe. A Large Class vessel, operating in Europe, will complete a two-year firm charter period at the end of Q3 2017. Two additional 12-month extension options are unlikely to be exercised by the client. This vessel will be utilised on a previously announced long-term contract for a renewable energy client in Europe commencing in Q2 2018. Financial Position The Group's operational update on 16 May 2017 noted that the actual timing of contract awards is dependent on its clients' operational requirements. As certain potential contract awards and commencement dates have been delayed, the Group is now expecting 2017 EBITDA to be US$ 58.0 million - 68.0 million, (equivalent to an EBITDA margin above 50%), with this guidance subject to the precise timing of contract awards. The Group continues to generate positive operating cash flows, with net debt anticipated to be US$ 360.0 million - 370.0 million at the end of 2017. Net income in 2017 is expected to be US$ 1.0 million - US$ 10.0 million. The Group is in constructive dialogue with its banking syndicate on appropriate covenant amendments following the deferment of potential contract awards and the Board remains confident of the banks' continued support. A further announcement will be made once negotiations have been finalised. Duncan Anderson, Chief Executive Officer of GMS, said: "Demand for our Large Class and Mid-Size Class vessels is good, with the strategic reshaping of our fleet through our new build programme investment in these larger vessels proving prescient. While we are seeing good levels of tender activity in Europe and parts of the Middle East, these are taking longer to convert into contracts than has been typically the norm. The precise timing of contract awards is inevitably subject to our clients' own operational requirements, and in the current environment can be delayed as a consequence of a protracted tender evaluation and award process. "Discussions are progressing with a number of clients about our cantilever innovation, reinforcing our view that the cantilever has the potential to deliver significant cost efficiencies in a broader range of work scopes for our SESVs. "GMS has an exceptional fleet of advanced SESVs and our flexibility makes us very attractive for clients seeking safe and highly cost-effective offshore support solutions. We are confident we have the right business model and strategy in place to ensure we are in the best possible position to secure new contracts as the market environment improves."
rhomboid
26/7/2017
18:42
Already is
richtea2517
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