Gulf Marine Services Share Discussion Threads

[sunnybeachboy] 21/12/2018 16:28

Company Twitter @GMSUAE if anyone wants to follow them

[richtea2517] 21/12/2018 16:18

Good to the chairman getting his wallet out.

[sunnybeachboy] 21/12/2018 16:14

Don't let them scare you out with the tree shake on all those tiny 1100 sells.January will show true value23p

[sunnybeachboy] 21/12/2018 15:41

That's good news....

[knowing] 21/12/2018 14:53

Chairman buys 220K

[cmackay] 20/12/2018 13:31

Looks like a rise to a fairer value from here imho, these things are always so melodramatic.

[babbler] 20/12/2018 13:14

Are 9p buys then?

[kirk 6] 20/12/2018 12:56

Looks like a bounce is on

[sunnybeachboy] 20/12/2018 12:40

9.48p paid. Seller cleared guys

[sunnybeachboy] 20/12/2018 12:02

8.52p paid. Wake me up at 18p

[sunnybeachboy] 20/12/2018 10:07

Cheap as chips this.Grab as many as you can

[wad collector] 20/12/2018 08:32

"There" .On the pay roll perhaps .

Another of my equities crashes down to what looks like a death spiral. I have some made some bad choices with Carillion and Interserve , this is clearly another!

[muffster] 20/12/2018 08:10

You're right knowing. Apologies.John brown, cfo, there till May 28th 2019

[muffster] 20/12/2018 08:07

Also did prudential not take a 5% stake recently?

[muffster] 20/12/2018 08:02

Well I've added. Why.. Well hoping for early Jan success and don't mind rights issue

[knowing] 19/12/2018 19:33

CFO did not do a runner and is currently still with the company as far as I can see.

[my retirement fund] 19/12/2018 18:45

I'll eat my hat if they allow forbearance on covenants. Why the hell would they?Shareholders here are toast. There's blood all over the carpets.Is it any wonder the CFO did a runner!

[muffster] 19/12/2018 17:46

Last interims:Duncan Anderson, Chief Executive Officer for GMS, commented:"We have had a very busy six months with three new contracts secured and an unprecedented six vessel mobilisations in the period. Encouragingly, both EBITDA and the EBITDA margin showed sequential improvement against the second half of last year and whilst it is disappointing that the Group has reported a loss in the half year, the principal cause of this was some of our clients requesting later contract start dates. These have now all successfully commenced and we expect a return to profitability in the second half of 2018. While the delays have been somewhat frustrating, our financial performance in 2019 will be positively impacted by these recently commenced contracts.Now: we have no visibility of deals, covenant breaches oh and finance chief left before we saw the books.....

[knowing] 19/12/2018 17:17

I would say it was priced at 20p on this news (opening price) before the panic selling.

8 --> 20p headroom on covenants raised

20 --> 50p contracts signed 2019

[nimrod22] 19/12/2018 17:03

I don't think punters are involved in talking the share price down; it appears that the directors have managed to do that by themselves in today's RNS.
It also doesn't help that the chief financial officer did a runner a few weeks back.
I notice Tom W has given the share a bit of a bashing today; his buy tips are not always that good, but his bargepole status tends to be spoton.
Well for holders sake I hope it does make a recovery, but short of delivery of a major contract it doesn't look good at the moment.

[hpcg] 19/12/2018 14:37

Lomcovaks - good call. I now find I never regret it, even if there is a bounce. I try to sell at the earliest sign these days.

[nimrod22] 19/12/2018 14:19

Anybody's guess as to where this will go. A year ago I would have thought the market was picking up, but with so many good boats laid-up, a general share price depression, it doesn't even look worth a takeover bid. Suspect more downside to come.

[lomcovaks] 19/12/2018 13:52

I sold first thing I read the news for a seventy percent hit. A bitter pill to swallow but I've learned the hard way that the first cut is the easiest.