Gulf Marine Services Share Discussion Threads

[mick] 30/8/2016 07:14

Very good news re new contract for large vessel - 18 month contract as well!

[2bluelynn] 25/8/2016 16:40

Cheers extrader ??

[extrader] 25/8/2016 16:30

Hi 2bluelynn,

Next Weds 31 Aug.

ATB

[2bluelynn] 25/8/2016 16:28

Is it result day soon ?

[bigdazzler] 25/8/2016 13:28

GMS looking quite perky at the moment.

Let's hope the positive momentum continues.

[hpcg] 25/8/2016 12:57

trident - it is all scripted, the price is the price when the buy signal was triggered, which could be an opening price or a closing price. It isn't a price which an observer could buy at.

[trident5] 25/8/2016 08:43

2BL it's running the advice off prices to two decimal places that I find particularly galling

[2bluelynn] 25/8/2016 08:24

Trident 5 They are only technical analysis guys who i follow , have a look at their web site and type the epic code in and search it gives you all the info ... I make a bit by some of their recommendations for long and Short recommendations their never 100% but do quiet well in all . I use them with the charts I have and other factors ect Tech guys don't factor in results ect just bullish and bearish candles

[trident5] 24/8/2016 22:39

What does "our valid average buying price stands now at 35.64" actually mean?

What happens if it goes back to 36.38 - does the sell signal kick back in?

Are they recommending we go for a gain of 36.38 - 35.64p i.e. about 3/4p before stamp and the spread and with results out on Friday? Let's load up - we might be able to buy a pint between us with the gains.


But what are we supposed to do with an average buying price of 35.63? Should we sell at 36.37 or stay put for the soaraway ride to 36.38?

I don't think the recommendation has covered all the bases. Are you able to get any more on this ahead of Friday?

[2bluelynn] 24/8/2016 22:07

Good signal on britishbulls.comGMSOur system's recommendation today is to BUY. The pattern finally received a confirmation because the prices crossed above the confirmation level which was at 35.50, and our valid average buying price stands now at 35.64. The previous SELL signal was issued on 18/08/2016, 6 days ago, when the stock price was 36.38. Since then GMS.L has fallen by -2.02%.Market Outlook Let's jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. The market is telling you about a new profit. Do not miss this bullish opportunityGood luck all

[sh1984] 24/8/2016 10:00

We shall find out next week :)

[jamiemp] 23/8/2016 09:42

Yes, I'm also speculating that the whole oil and gas industry has had a license to print money for several years and companies like GMS likely had significant headroom to reduce costs. Many do not know how to adapt or do it fast enough but you would think these guys have been around long enough and they have weathered downturns before.


We will see. If they do squeak through this year then they are on track to de-leverage very quickly in any kind of market.


That's the bull case but it is obvious the bears have it so far. Management make the right noises at each statement but I think they need to demonstrate the numbers tipping to convince the market.


Maybe this time?

[trident5] 22/8/2016 17:48

Jamiemp
their excellent margins provide a cushion to absorb some downside, the debt isn't repayable until 2021, and their profits are impacted by a quite hefty non-cash depreciation charge - with maintenance related capex very low.

You're quite right about the covenants and it looks a close call, but I think they're well placed to ride it out.

[jamiemp] 22/8/2016 14:17

I am both an experienced investor and someone who works in oil and gas.

The pricing is because they are a whisker away from breaching their covenants. They overextended themselves at the peak of the market.

So its a bet on management and whether they can control costs and their lenders to ride it out. Otherwise they will have to raise money by diluting the present share price.

I am long but conscious of the risk.

[cbirch1] 22/8/2016 14:00

I cannot understand this price, either. I currently work offshore on the windfarms in the North Sea and the demand is unbelievable. Also, if you go to a website called 4coffshore.com you can see there are loads of projects due to start in the UK in 2017 and obviously in my line of work I've heard a lot about these 'up and coming' projects too. I only got into value investing earlier this year and when I seen GMS in my shortlist, I was quite shocked.

On the flip side. The last 12 months I have noticed Siemens and other contractors for Siemens being a lot more frugal. Cutting hours and man hours where possible.

I hope this is some help to you more experienced investors. I personally think when oil gains momentum that's when the market will find confidence in this sector again.

Any feedback would be appreciated.

[sh1984] 17/8/2016 10:12

Still going down, may buy back in but around 31p

[dodge meister] 16/8/2016 12:47

There are 3 mid size vessels...only one is on contract and that was associated with a significant part of the forward order book.

[jamiemp] 16/8/2016 12:21

sure but that is still higher than yesterday's low. Besides, its now a penny stock with limited free float.

Unless people start haggling over a tenth of a penny, then any trade is going to cause a +/- 2-5% reaction.

[pictureframe] 16/8/2016 12:15

another contract terminated

[sh1984] 16/8/2016 12:14

Not to sure about that - It's already down 4% on today's opening price

[jamiemp] 16/8/2016 11:39

Although interesting that the price was immediately supported. Obviously some traders on the look out for buying opportunities.

I can't see any reason this would head back down prior to the results. Although I would be wary of being in too deep on the 31st - a mistake I have made before!

[sh1984] 16/8/2016 11:16

Losing contracts left, right and centre not helping!!

[jamiemp] 16/8/2016 10:29

Unless the market is right, we're wrong and it goes bust.

That being said, I am in again personally. As someone pointed out, you need to be in in advance of the news given the (lack of) liquidity. Hopefully the results end-August will contain some green shoots.

Offshore charter rates have been steadily upticking since June, so the recent renewals would not have been at the bottom of the market at least (one would hope).

[bikwik] 16/8/2016 10:23

Well I think the market has it wrong in that case. The time to buy is when the market pushes the shares of a fundamentally sound business to ridiculously low levels. This being a case in point. So here lies the opportunity.

[jamiemp] 16/8/2016 10:02

been buying and taking losses on these since 160p(!). I think they have a handle on the debt, and profits will turnaround at some point, but the market obviously does not care for them.