Gulf Marine Services Share Discussion Threads

[hybrasil] 24/3/2015 13:31

I hope so!

[macarre] 24/3/2015 12:18

We'll probably see a slowly but steady rise to 160p over the next few weeks.

[gucci] 24/3/2015 10:29

l2 ready for move up soon

[robow] 24/3/2015 08:20

there you go. You are in profit now!

[hybrasil] 24/3/2015 08:15

I have bought 14000 shares about half of total trades!

[gucci] 24/3/2015 08:08

mm keeping gap wide to get sells

[hybrasil] 24/3/2015 08:06

how dull is this market. Stellar results and only 6000 shares traded. I,m top on the bid at 124.5

[hybrasil] 24/3/2015 07:15

Today should be exciting. I see a rapid move to £1.60?

[macarre] 24/3/2015 07:07

Fleet utilisation of 97% for the year! Huge backlog! Six new contract wins! Impact of oil price decline is small! What's not to like about these results? Superb!

[macarre] 24/3/2015 07:06

Financial Highlights
· Revenue increased by 7% to US$ 196.6 million (2013: US$ 184.3 million).
· Robust cash flows generated from operations, adjusted EBITDA of US$ 124.8 million (2013: US$ 124.7 million).
· Adjusted EBITDA margin of 64% (2013: 68%).
· Adjusted net profit (excluding IPO costs) up by 13% to US$ 81.3 million for 2014 (2013: US$ 71.9 million).
· Adjusted diluted earnings per share increased in the year to 23.71 cents (2013: 23.56 cents)
· Final dividend for the year proposed of 1.06 pence (1.64 cents) per share taking total 2014 dividend payments to 1.47 pence (2.33 cents).
· Successful IPO in March 2014 raised primary gross proceeds of approximately US$ 111.0 million.

Operational Highlights

· The Group's focus on providing cost-effective and flexible solutions to its clients is reflected in a continued high SESV fleet utilisation of 97% for the year.
· Six new contract wins (with charter day rates in line with previous guidance) and three significant contract extensions during 2014, comprising:
o Two new contracts for the existing SESV fleet: a Large Class vessel four-year charter in the North Sea (two years firm with two 12-month options) and a Small Class vessel 12-month charter in MENA (six months with up to six months option).
o Four new contracts for the new build SESV fleet: one Large Class vessel initially contracted for four months directly followed by a long-term contract of four years (three years plus a one-year option, signed in January 2015), the first Mid-Size Class vessel contracted for five years (two years firm with three one-year options) and an enhanced Small Class vessel contracted for five years (three years firm plus a two-year option).
o Three significant contract extensions from existing clients for SESV fleet: one Large Class vessel in the North Sea and two Small Class vessels in MENA.
· The new build programme, which will expand the SESV fleet from nine to 15 vessels during the period 2014 to 2016, is going well with, to date, two SESVs delivered as planned and on charter and the remaining four SESVs at various stages of construction as scheduled.

Outlook

· Demand for the Group's cost-effective support solutions in the Opex cycle remains strong with a healthy secured backlog* of US$ 707 million as at 1 March 2015 comprising US$ 380 million firm and US$ 327 million extension options.
· Well-placed to continue progress with robust operating cash flows and net debt (including obligations under finance leases) of US$ 273.6 million (2013: US$ 307.2 million) and committed undrawn bank facilities of US$ 130.0 million at 31 December 2014.
· The 2014 to 2016 fleet expansion programme, which is fully-financed, will help drive significant growth in 2015 and 2016.

[hybrasil] 24/3/2015 06:48

Bought some more yesterday. Looking forward to today's results!!

[aishah] 21/3/2015 22:21

Yes, cheap. Could have had them under a £1 not so long ago.

[rolo7] 21/3/2015 22:11

Forecast 2015 eps of 19.14p and 2016 24.52p. 2015 85% of all revenue is booked as said in last IMS, still alot of small jack up rigs to be booked up for 2016. Current trading on PE 6.7.

[macarre] 20/3/2015 20:31

I'd like to think this is the case. Two days to go.

[jamdan1] 20/3/2015 15:42

Moving up in anticipation of results next week?

[rolo7] 20/3/2015 00:03

Great results by lam today, some here next week? 85% of revenue already booked for 2015.

[macarre] 07/3/2015 20:57

Results day just around the corner (2 weeks to go).

[gucci] 05/3/2015 14:08

taking off

[brownr0] 02/2/2015 12:52

Chunky sells gone through, Brent rising, could we see a trip back to the 140 region soon?

[rolo7] 28/1/2015 21:51

just added 156m$ to order backlog in one hit, these large jack up rigs are key and all booked up until 2016 end q1.

[macarre] 28/1/2015 21:28

Good news is that we broke MA50 resistance today. I bet on a run to at least 125p over next few days. This company is fantastic. Huge order backlog and likely to do very well in a downturn according to Canacord. NT is also in it.

[seans66] 28/1/2015 09:18

Luckily looks like I was wrong. Nice bounce.

[seans66] 28/1/2015 07:41

Pipeline looking strong but not sure this news will have too much impact on the short term share price

[brownr0] 27/1/2015 13:40

Sneaking up here, be good to see a bit of volume, oil sector not having the best day again though. As mentioned seems to be tethered to this for reasons unknown.