Gulf Marine Services Share Discussion Threads

[zen12] 19/12/2018 10:52

Drop way overdone. Expect a strong bounce shortly

[robizm] 19/12/2018 10:50

5chipper there are too many vessels and those nav may not be obtainable. The oil price drop is not helping.

[sunnybeachboy] 19/12/2018 10:34

Fed meeting tonight.If rates rise we might see a massive sell off on the DOW. If that happens the ripple will be felt here. You might be able to pick these up at 7p or under.

[unnavailable] 19/12/2018 10:25

Sorry for any holders here. I sold out in May as per post. This seemed like it could've had potential. Maybe in better macro environment but we all knew the risks. .Some we win, some we lose. Hope any losses are manageable.

[5chipper] 19/12/2018 10:22

According to the accounts tgeir vessels are valued at $752m with total debt of c$450m.

So would the co not be an attractive takeover target for someone who could either use or re-sell the vessels?

[hpcg] 19/12/2018 09:44

I see I didn't post here when I sold again; my last message was about buying back in. I departed on 15 Oct, by which time oil price direction was clear, though it has gone down further and faster than I would have imagined at the time. Presumably people who posted here had cleared out at the latest the last OPEC meeting? GMS needs increased activity in the Gulf, which seems unlikely, and which the RNS alludes to.

Agreed, this is not a buying opportunity. Worth watching as it could present a great opportunity in the future, even if that is long odds for now.

[pugugly] 19/12/2018 09:26

Not nice - Possible equity for debt dilution or more likely vulture takeover?
Not a falling kinife to try and catch (imo)
Anyone know if Gervais williamsstill holding as have not folled for some time

[sunnybeachboy] 19/12/2018 08:46

Placing coming ?

[phowdo] 19/12/2018 07:37

"...with the consequence that the Company is expecting to be in breach of certain banking covenants at the end of 2018"

Chart was suggesting something like that...

[richtea2517] 19/12/2018 07:15

There's the back story

[wad collector] 25/10/2018 17:43

Wonder what the back story is here:

23 October 2018

Gulf Marine Services PLC

('Gulf Marine Services', 'GMS', 'the Company' or 'the Group')

Resignation of Chief Financial Officer

John Brown has today given notice of his resignation as Chief Financial Officer ("CFO") of GMS effective from the 2019 Annual General Meeting of the Company which is scheduled for Tuesday 28 May 2019. Mr Brown has served as CFO since January 2014, having joined the Company prior to its initial public offering in March 2014.

The Company have commenced the process of recruiting a suitable successor.

Simon Heale, Chairman of GMS, said:

"John has been an integral member of the GMS leadership team and I wish to express our gratitude for his valuable contribution and wish him all the very best for the future."

- Ends -

[seangwhite] 20/10/2018 00:47

Nobody seems to care about this share.Let's hope the newsflow changes this!

[hpcg] 08/10/2018 11:20

Don't ask trident5, otherwise before we know it the board will be all tree shakes and evil market maker manipulation.

[trident5] 08/10/2018 09:15

"Price held down for top ups to key movers".

How does that work?

[richtea2517] 19/9/2018 17:18

Tried to breakout last week didn't it. Price held down for top ups to key movers.

[mick] 19/9/2018 15:08

Well that is indeed a very positive announcement. It should certainly underpin the price and move it back up to 50p+.

[andy2205] 19/9/2018 14:50

Indeed robow, it's been a while. Am still well underwater on these so let's hope GMS can keep the news flow on orders coming.

[robow] 19/9/2018 14:14

good news at last

[trident5] 19/9/2018 13:53

The length of the contracts (5 years) suggests GMS happy with the pricing for such a long term commitment. De-risks the position here quite a bit.

[hpcg] 19/9/2018 13:46

Back in, obviously. Clearly the news had leaked, so the 13:23 release must have been a bit hurried. I expect there will be some that will not even see it today. I still expect only a slow burn higher though, but no downside bar exceptional events. Positive timbre r.e. the market reiterated.

[mount teide] 08/9/2018 18:30

Offshore activity showing further signs of rebound. A recent report from IHS Markit projects that global demand for mobile offshore drilling rigs will increase by 13% through 2020 as the oil industry steps up offshore exploration. IHS says there will be demand for an average of 521 rigs in 2020 up from 453 this year.

Transocean announced the move to take over Ocean Rig, a rival offshore drilling contractor, for $2.7 billion. The deal will give Transocean twice as many deepwater rigs and drillships as its nearest competitor. The acquisition is also a sign of the faith that Transocean has in the growth of the offshore drilling sector, which has lagged onshore shale. "Adding Ocean Rig's premium assets to our industry-leading fleet, better positions us to capitalize on what, we believe, is an imminent recovery in the ultra-deepwater market," Transocean President and Chief Executive Jeremy Thigpen said.

[seangwhite] 08/9/2018 11:58

Update was received well and with a bit of more decent contract awards news we can expect a steady rise in the share price

[lomcovaks] 05/9/2018 09:43

Hi Trident, didn't intend to come across as pejorative so apologies to hpcg. Just trying to balance his views and have a robust discussion about the merits of GMS as an investment. All views welcome.

[mick] 05/9/2018 00:06

Listening to the analyst q&a, did I hear the CFO correctly talking about a 10% reduction in net debt by year end - that would from $409m at half year to $370m in Dec 18. That would be reasonable progress and might explain why the price recovered after the analyst briefing (available on company's website).