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GMS Gulf Marine Services Plc

19.70
0.20 (1.03%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Marine Services Plc LSE:GMS London Ordinary Share GB00BJVWTM27 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.20 1.03% 19.70 19.35 19.70 19.60 19.00 19.05 1,311,928 16:35:15
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ship Building And Repairing 133.16M 25.33M 0.0249 7.85 198.71M
Gulf Marine Services Plc is listed in the Ship Building And Repairing sector of the London Stock Exchange with ticker GMS. The last closing price for Gulf Marine Services was 19.50p. Over the last year, Gulf Marine Services shares have traded in a share price range of 4.41p to 21.50p.

Gulf Marine Services currently has 1,016,415,000 shares in issue. The market capitalisation of Gulf Marine Services is £198.71 million. Gulf Marine Services has a price to earnings ratio (PE ratio) of 7.85.

Gulf Marine Services Share Discussion Threads

Showing 676 to 694 of 2325 messages
Chat Pages: Latest  33  32  31  30  29  28  27  26  25  24  23  22  Older
DateSubjectAuthorDiscuss
09/11/2016
09:05
GMS Evolution available for tour at adipec, great publicity:Https://twitter.com/tccjenkins/status/795948523867041792
che7win
08/11/2016
09:09
You can see pictures in the link above for our new rig - pretty impressive and floating right outside the trade show!

The cantilever system will cut costs for customers - and add more services for GMS to be involved in.

Should help utilisation rates.

che7win
07/11/2016
22:41
The Middle East has remained a steady source of projects even while they have been curtailed in many other oil provinces globally. For example, Abu Dhabi-based Gulf Marine Services (GMS), a provider of offshore jack-up barges, said that despite seeing some downturn globally as a result of low oil prices, demand in the region has remained robust."Worldwide we are seeing some pain, but again in the Middle East, production is still very high and projects are proceeding as anticipated," said Duncan Anderson, the chief executive of GMS
che7win
01/11/2016
18:04
Pretty good update for this market.
bmw30csl
01/11/2016
15:47
Chart looks strong.
che7win
31/10/2016
13:30
Doubt it:No material bank debt maturities falling due in the near term. Current debt facility matures in 2021Committed undrawn bank facilities of US$ 175.0 million and Group cash balance of US$ 32.7 million at 30 June 2016.Would be nice to hear about some more contracts, I agree, but they are lowest cost for their customers, so should stay at high utilisation.
che7win
28/10/2016
12:55
No new contracts soon = rights issue
trident5
28/10/2016
12:13
Because they don't have a european banking syndicate - their arab gulf banks are worrying about drillers going bust - if the banks was that worried dividend would have been pulled already.
bmw30csl
28/10/2016
12:11
How do you know the banks aren't worried - they're likely trading around their covenant limit and I think they'll be coming to their shareholders not the banks for any future funding.
trident5
28/10/2016
11:27
This stock has been totally left behind - the market is missing the fact that heir banks are not worried by their current trough cycle leverage and it is delevering even at these less good utilisation levels.
bmw30csl
27/10/2016
15:11
Thanks hpcg,
on the research, the jack up rigs market which GMS specialises in is expected to bounce back first.
The semi-submersible and drill ships for the deeper waters is struggling and has over capacity - not GMS's market.

I like the jv GMS are doing to expand their operations via the cantilever systems. They have received interest in this market. They stress that they are lowest cost to their customers so that is why they were at much higher utilisation rates.

The icing on the cake would be some kind of OPEC deal - my view is that fundamentals have to take over at some stage regardless.

jimbox, I think we need some more time before the market is sure the next upcycle is in place - a better oil price will help - and it is already double year lows.

If oil rose strongly, then the gearing effect here would mean it could triple, but right now they need to continue to work on good utilisation rates.

che7win
27/10/2016
14:10
Shouldn't this be on a PE of 8 - 10, like other cyclicals?
jimbox1
27/10/2016
13:49
hpcg,
if you look at the sector, most of GMS's peers have similar levels of debt, I was surprised when I researched it.

I'm top heavy here, but had to buy more when it fell down to 40p, I've sold those ones so back to my core amount.

This stock trades strangely, I hope they have more contracts to announce soon.

che7win
27/10/2016
13:07
Yes looking very good. I made a timely return at the beginning of the week and a bit shocked and happily surprised at the speed of the reverse. Distinct low and higher low on the chart now. HTG just did a raise at 485p which has been well received. Price now at 517p. In other words capital markets are open to oil services with debt but good operations.
hpcg
27/10/2016
12:35
haha, I actually break even this time at 53p. Unfortunately I'm on US time and slept through a brief moment of profit.
jamiemp
27/10/2016
11:58
Wow , another 150% rise and I will have my money back..
wad collector
27/10/2016
08:38
trident,
removed, thanks.

che7win
26/10/2016
21:23
Che7win
wrong thread - that's not this company.

trident5
26/10/2016
14:52
Oil has just jumped too.
che7win
Chat Pages: Latest  33  32  31  30  29  28  27  26  25  24  23  22  Older

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