Gulf Marine Services Share Discussion Threads

[sunnybeachboy] 19/3/2019 08:26

Dropped bid to 14.05p

[sunnybeachboy] 14/3/2019 11:16

Dropped bid to 14.5p again

[sunnybeachboy] 12/3/2019 16:44

Closed 14.5p

[sunnybeachboy] 12/3/2019 11:44

Bid dropped to 15.2p

[sunnybeachboy] 12/3/2019 11:24

Bid 15.5pAsk 16.8pBecause of CF 10.5 million shares. Might get this at bargain prices again

[duxy786] 08/3/2019 22:27

https://petition.parliament.uk/petitions/242399

[sunnybeachboy] 01/3/2019 22:15

City financial collapse think they might be holding 10 million shares so might see big downward pressure on share price.

[hpcg] 18/2/2019 10:59

A hard rain gonna fall?

[richtea2517] 15/2/2019 13:18

Want would Bob Dylan say...

[hpcg] 15/2/2019 10:46

Debt for equity. They have always made an operating profit, albeit at current rates this only pays for a below inflation, interest free, return of EV. In other words sustained for 20 years, by which time the assets are worthless, 400 million in operating profit would be generated. However there is interest so at the moment equity is worthless. One does of course anticipate rates improving and the situation gets more balanced at 50 million in operating profits per 2016. Debt would conventionally take off a small element off the principle, 20-25% and extend the term and take a significant share in the company.

Once a company is getting waivers from lenders the latter have complete control.

[muffster] 15/2/2019 08:02

So how do you expect restructuring to happen?

[peantern1] 14/2/2019 16:14

Hpcg
That’s why I pointed it out but with the right person we may get a better deal

[hpcg] 14/2/2019 15:32

The new CFO has a lot of experience of refinancing companies, something we are going to need.

This is a good reason not to be a shareholder! At least not until after the restructuring.

[muffster] 14/2/2019 13:35

Added more here as seems set up now for more positive news with new steer to profits

[peantern1] 14/2/2019 08:56

Two good appointments.
The new CFO has a lot of experience of refinancing companies, something we are going to need.
The new Non Exec is obviously there to protect his companies investment and his knowledge of finance in middle east.

[sunnybeachboy] 13/2/2019 22:30

Dripping lower now its seems....

[knowing] 13/2/2019 10:33

Not liking the look of this.

[wad collector] 12/2/2019 11:49

That is quite a drop - delayed reaction to the Chairman departing?

[muffster] 12/2/2019 11:25

Getting more volatile now. Large drop, reckon we will see accumulating soon

[avsome1968] 06/2/2019 22:20

Sold out today 110% profit in 11,12, weeks happy with that probably still got more upside but you never no all the best too guys hope you make a few quid more.

[knowing] 04/2/2019 13:22

This is going to be interesting

Mr. Al Suwaidi’s Company, Horizon Energy was part of a consortium of investors that acquired Gulf Marine Services (GMS), a world leading provider of self-propelled self-elevating support vessels (SESVs). In March 2014, GMS achieved a premium listing on the London Stock Exchange, through a successful IPO which raised gross proceeds of approximately US $ 110 million. Furthermore, Horizon Energy entered into a partnership agreement with Oman Chlorine, a Muscat listed company for the establishment of Union Chlorine, a chlorine-alkali plant in Abu Dhabi, where Mr. Al Suwaidi holds a Board Seat.

[2niffy] 04/2/2019 12:17

https://www.google.co.uk/url?sa=t&source=web&rct=j&url=https://www.investegate.co.uk/seafox-intnl-ltd/rns/announcement---response-to-s303-requisition/201902040722209088O/&ved=2ahUKEwiwnP3ghqLgAhVlQxUIHSJTDooQFjAEegQIARAB&usg=AOvVaw2BfS6cc5XncHTfvxHTJ4P_&cshid=1549282619478

[svenice7] 04/2/2019 11:57

So many buys, either a buyout or a change at the top is coming.