Gulf Marine Services Share Discussion Threads

[macarre] 25/8/2015 08:04

Agree. Not mind-blowing, but very solid results (as usual). Hugely under-valued as sector is out of favour with investors, despite GMS being well positioned to perform strongly even in an economic downturn.

[woodcutter] 25/8/2015 07:58

Mac i've been around 40% cash since spring last year so i can afford to be a little bold. the results are very good and i wished i'd bought more yesterday. btw it's a ftse small cap company.

what you have to take account of with GMS is the level of debt, the forward order book and the cash flow. assuming the order book remains strong then when the capex starts to diminish the cashflow will drive down the debt and we'll see the eps grow significantly. if you can build and be patient this will be a very rewarding share, and it's valuation is well below what it should be imv. they're basically telling you exactly that in these H1 results

the gross margin is reduced due to the number of special one off type projects that were undertaken in H1, that's clear in the report. the admin costs also came down, a further good sign costs are under control. the backlog should improve now the specials are gone too.

aimho

woody

[trident5] 25/8/2015 07:47

Curate's egg - what happened to gross profit margin? Backlog has fallen.

[tintin82] 25/8/2015 07:27

Agreed, really strong results. Yesterday's sell of certainly had me worried, but for no reason. Well done whoever snapped up more on the big drop.

[tudes100] 25/8/2015 07:22

Solid results imo, nothing to warrant the drop off we have seen in share price Remains significantly undervalued, strong hold for me.

[kissxx] 24/8/2015 22:08

This isn't an AIM share. It's main market. Still think he's brave though with results out tomorrow.

[macarre] 24/8/2015 21:03

You're brave woody. Not because of the quality of the company but more so due to buying an AIM share in this market. Hopefully a great trading statement tomorrow

[loudenr] 24/8/2015 17:09

Dont get the sudden drop after the large trade went through at 110.75. I hope there has been no leak of interims to insiders. Good luck all for tomorrow

[woodcutter] 24/8/2015 16:29

added on the drop

woody

[macarre] 01/8/2015 09:15

Earnings release out in just 3 weeks time. Performance of the share has been disappointing, but the company itself is doing nothing short of great. Back in March share price had a good run ahead of results day.

[tintin82] 31/7/2015 10:37

Im in, tried to buy in earlier this week but funds elsewhere. Looks good long term woth little exposure to capex. Fleet utilisation rates are impressive, and the foray into decommissioning could be lucrative, especially in the North Sea with ageing assets and disposal now a major area of focus.

[mg1982] 25/7/2015 20:17

The drop is probably related to sector news. AGK reported a poor trading update. The sector is not going to improve any time soon

[alanjames999] 25/7/2015 11:59

Very few trades, and no news. Maybe following the drop in oil?

[etavener] 24/7/2015 22:33

What happened today? Nearly 6% drop! Is this just a buying opportunity or has something happened that I'm not aware of?

[macarre] 17/7/2015 20:53

Unfortunately I'd have to agree. 120p soon.

[tadhgleonard] 17/7/2015 16:44

If I only Id constantly traded this for last few months. would have made a fortune. I think it will go down to 120 at least once more before breakout imo.

[fruitninja84] 17/7/2015 14:56

Tipped, will likely head back to 120p imo. I took this wonderful opp to sell today some of my holding and bank some profits.

[etavener] 17/7/2015 14:23

What about now? This has got to be a breakout.

[wad collector] 09/7/2015 10:24

I think you would have to be an optimist to see the share price as breaking out ; I see a share price that is in the middle of the 120- 130p trading range that it has been in for the last 3 months.
Better than my other oil shares though!

[richtea1701] 06/7/2015 19:44

Looked so good this morning

[tadhgleonard] 06/7/2015 09:05

Is this a proper breakout now?

[macarre] 06/7/2015 07:29

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, is pleased to announce that one of its Large Class vessels in Europe has been contracted for decommissioning work, a new activity for the Group.

The vessel, which has been supporting well service and maintenance work in the Southern North Sea for an international oil company since Q3 2012, was scheduled to continue that work until Q1 2016 (with a further six-month option thereafter exercisable by the client).

GMS and the client have now agreed that the vessel will move to support the client's decommissioning work, also in the Southern North Sea, in summer 2015. The revised contract has a committed term through to Q1 2016 and an option period that has been extended from six months to twelve months. The vessel will proceed directly from the current project this summer to the decommissioning work. The day rates for this charter are in line with guidance previously given for Large Class vessels.

Duncan Anderson, Chief Executive Officer at GMS, said:

"We have been targeting decommissioning work for some time and are pleased that this new project has now given GMS our first foothold in this area. The fact that we will be moving directly from one type of work to another for the same client also demonstrates the flexibility of our vessels and their value to our clients. Our ability to tailor our fleet to our clients' evolving needs, while also offering competitive solutions, is especially helpful in the current low oil price environment."

GMS has two Large Class SESVs operating in the North Sea. A further ten SESVs are contracted in the Middle East

[macarre] 27/5/2015 17:21

Doubled my stake here this morning taking advantage of price weakness.

[hybrasil] 24/5/2015 11:33

2million trade last few days