Gulf Marine Services Share Discussion Threads

[ironstorm] 27/3/2018 11:04

Agreed - but on my watchlist - I will keep an eye here for a pick up.

GLTA

[hpcg] 27/3/2018 10:34

Mixed. Down side seems limited - it looks like the debt holders will get their money back and thus the company is a going concern. On the flip side things need to pick up for shareholders to get a return. Looks a bit dead money for the next 12 months.

[my retirement fund] 27/3/2018 09:44

I think if they did that I would be upset as the gearing is so attractive here, this is a highly leveraged oil play now and given they have addressed and appeased their lenders, that aspect would be trashed.

[ironstorm] 27/3/2018 09:37

I think you are correct. I sold on fears of a massive dilutive raising.Now that has not happened (tho I suppose still could), but there is nothing yet to buy.

Oddly if they had a raising now that I'm out I would probably buy-in.

[my retirement fund] 27/3/2018 08:11

I think 2018 will in reality be a year of increased utilisation with next year a year of increasing margins. Given the past drop off in investment their sweet spot is likely to be 2020 imo. Question is when does the stock market want to start pricing all this in?

[muffster] 27/3/2018 08:01

Two areas I wanted to see Improvements onDebt has come down and orders have begun to pick up.

[ironstorm] 27/3/2018 07:55

These figures certainly demonstrate the operational leverage (in reverse this time).

With a robust pick up they will be like pigs in sh1t.

If you can time it right . . .

[my retirement fund] 27/3/2018 07:19

Confirmation of markets recovering as enquiries pick up and utilisation imprivea.

[seangwhite] 24/3/2018 12:05

No real news expected as there has been a very quiet period recently in respect of new leases.

[richtea2517] 19/3/2018 20:39

Seems to be some buying activity today

[bmw30csl] 19/3/2018 10:42

Update end of month, hopefully see a bit of delevering and no equity raise!

[hpcg] 13/3/2018 10:51

That's me out this morning. Too much of a drip drip down and some critical support levels a mm away.

[phowdo] 13/3/2018 09:59

They bought on Investec as joint broker just over a month ago.
Thats probably to place stock for an existing holder to exit (as Investec did last year) or to reduce the debt.

[bmw30csl] 09/3/2018 18:35

Must be a big equity raise coming with the results

[phowdo] 07/3/2018 12:46

Well it never broke that longterm downtrend.
A break through 40p and it may be revisiting the 30p lows.

[seangwhite] 03/3/2018 00:51

Not looking too rosey here currently and IR is not exactly busy !!

[mount teide] 14/2/2018 16:52

Lloyd's List today

'Some unwelcome news for the offshore industry, which is suffering one of the longest downturns in its history.

French oil and gas service provider Bourbon Corporation is taking a heavy loss on the sale of 41 older ships as part of a reorganisation plan that will see it split into three groups: Bourbon Marine and Logistics, Bourbon Subsea Services and Bourbon Mobility.

Last year, the company ran into trouble when it struggled to pay 10-year bareboat charters on 51 platform supply vessels owned by ICBC Financial in a $1.5bn sale and leaseback deal.

The company expects losses for 2017 of about $741m, and hopes that a new business model with more integrated services will improve growth.'

[my retirement fund] 07/2/2018 12:24

Looking very much like and unloved and much forgotten gem to me. Have taken the opportunity to add some at these lowly levels.

[phowdo] 06/2/2018 08:17

Bit of a harsh markdown here (and other oil related).
Opportunity? I think so...

[hpcg] 15/1/2018 09:06

Fortunately paying down the debt as first choice for cash has been enforced.

[elsa7878] 14/1/2018 16:01

No. Pay down the debt.