Gulf Marine Services Share Discussion Threads

[mick] 05/1/2017 08:47

Nice to see GMS breaking into the 60's. it has the potential to run in to the 80's during this year. Very strong cash flow generation which will help them start reducing debt.

[richtea1701] 05/1/2017 08:20

Looks v strong

[bigbigdave] 05/1/2017 08:09

Possible positive read across from CIU statement today.

[che7win] 03/1/2017 17:54

GHF, Thanks, I know you mean it.Regards.

[glasshalfull] 03/1/2017 16:39

Well done che7win...delighted for you :-)

Kind regards,
GHF

[bigbigdave] 03/1/2017 16:38

57.5 close, nice.

[mick] 03/1/2017 12:56

Extremely encouraging tone in the rns.

[hpcg] 03/1/2017 12:26

I loaded up significantly on the RNS. I already had bought back some, having traded a couple of times last year, but I think this signals the start of a sustained march higher.

[bigbigdave] 03/1/2017 11:48

In for a few today, looks a great opportunity for a turnaround stock.

[wisteria2] 03/1/2017 11:44

Could well swing a fair bit in the near term! after reading rns grabbed a clip! hence my post.GLA

[richtea1701] 03/1/2017 11:35

Bought a few

[che7win] 03/1/2017 10:48

Lovely chart break out!

[che7win] 03/1/2017 10:47

How bullish does this sound!"As we recently reported, we are seeing an increase in tender opportunities in the Middle East and our strategy to provide flexible and cost-effective offshore support solutions has proved pivotal in winning this long-term contract. The new charter, which together with other recent contract wins has increased our total backlog by approximately two-thirds since 1 November 2016, demonstrates that the market is showing clear signs of recovery. This contract win has also further strengthened our business relationship with a strategic NOC client and improved our current geographic diversity. We are delighted our client has again recognised the value our modern four-legged vessels bring to intensive well intervention campaigns across multiple locations."

[nimrod22] 03/1/2017 10:45

If not looking for a killing, it should be easy enough to make 15% share price profit over the next six months. As mentioned by others previously, GMS could become a target for a takeover or merge in to a larger company.

[davr0s] 03/1/2017 10:44

That's me back in having sold out at £1 about a year ago

[che7win] 03/1/2017 10:43

Fantastic, someone 25k lots.

[robow] 03/1/2017 10:36

Good news re contract and improving outlook

[belgraviaboy] 03/1/2017 10:35

Just bought on that RNS

[che7win] 29/12/2016 10:43

Here we go...

[che7win] 29/12/2016 08:26

Pressure building here, get through 50p and it should fly.

[che7win] 28/12/2016 08:11

200k buy last Friday?

[nimrod22] 24/12/2016 20:04

hxxps://gcaptain.com/offshore-optimism-back-as-norway-predicts-bottom-is-behind-us/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+Gcaptain+%28gCaptain.com%29


link from gcaptain

[seangwhite] 23/12/2016 19:53

CWI also noted the reduced order book and one has to bear in mind that they also have more vessels with recent additions.Let's hope with the POO maintaining $50+ it will help all invested here.VGLTA

[cw6365] 23/12/2016 12:13

It's the secured backlog that's a bit worrying too, as of 1st Nov 2016 it's $137.3 ($57.7 firm, $79.6 options). 1st Nov 2015 was $616m ($296m firm, $320m options), there's been a couple of short contract wins since then and DA said there's an increase in tender opportunities. Just got to ride this out!

[glasshalfull] 23/12/2016 10:01

Che7win - I'm interested in GMS but concerned over gearing levels.

Would appreciate sight of any notes you are in a position to share please...attempting to work out the net debt position as they turn off the tap on their capital spend & get a feel for forecast utilisation rates.

Many thanks in advance.

Kind regards,
GHF



EDIT - Many thanks for responding. You have mail.