Gulf Marine Services Share Discussion Threads

[robthebruce] 22/5/2014 17:02

All buys today. Seems to be stuck at 160p

[robthebruce] 20/5/2014 22:12

Yes. In the floatation document they state that they wish to start paying a dividend in 2014 and will try to allocate 10% of profits (operations permitting)

In 2013 profits were $69m. If this increases by a conservative 10% then this year there should be a profit of $76m. Ten percent of this would be $7.6m shared between 350m shares gives 2.17 cents or 1.29 pence putting the shares on a yield of 0.8 at current share price Not especially high income, but a very solid start with growth potential likely to attract long term holders.

[catsneck2] 20/5/2014 19:19

Didn't realise a divi was on the cards this year, that's good.

[robthebruce] 20/5/2014 15:01

Yes, good growth prospects, low valuation, promise of a dividend this year. A well kept secret.

[catsneck2] 20/5/2014 13:41

Certainly looks like one of the better recent ipo's.

[dgwinterbottom] 19/5/2014 14:26

Thanks for that will take another look!!

[tradermel] 19/5/2014 08:10

Interesting bit of movement this morning.

[robthebruce] 19/5/2014 08:03

Dgwinterbottom

Hi, rolo is correct. I believe the major shareholders held 51% after the float took place which is why there is some kind of special agreement giving the bod some independence to act as they see fit. Again, I believe you will find it somewhere in the same document.

[rolo7] 19/5/2014 07:53

those figures are before share ipo listing

[dgwinterbottom] 19/5/2014 07:43

Rob - I looked at the flotation document and gained the impression that three shareholders have about 99%:

Green Investment Commercial Investments LLC 79 per cent.
Al Ain Capital LLC (formerly Al Bateen Investment Company LLC) 10 per cent.
Horizon Energy LLC 10 per cent.

Would my interptretation be correct such that htere is very little free shares available in the market?

[robthebruce] 16/5/2014 14:38

Actually, I just looked again at the floatation document and the large shareholders like Gulf Capital are locked in for 6m. Anyone thinking of investing here should read the document. It has everything you could want to know about GMS in it including information about the industrial sector. Priceless info. Really bullish stuff.

[mrmomentumt] 16/5/2014 11:29

Agreed; if we look at the indices volatility at present, good companies have seen 5-10% wiped off their prices in the last couple of days. GMS has pretty much held its own. A good time to buy is when shares like this are under the radar and GMS is just that. If the trading statement had raised any questions I might be nervous. But it was very upbeat and confirmed all is in order. If it does go into the FTSE250 too, it will become much more popular as funds buy in and lead to the share price pushing ahead. A nice steady buy and hold for me which I am happy to hold for years unless the story changes. As and when it begins to rise, I am happy to top up.

[robthebruce] 16/5/2014 07:27

Thanks, roll. Fingers crossed.

[rolo7] 15/5/2014 22:55

This is going into fste250 with ease in june liquidity permitting the index trackers will mop the shares up. Gms so strong today as fste 250 down 358pts

[robthebruce] 15/5/2014 20:31

If someone has L2 access I would be interested in their view of recent trading patterns. Is someone consistently placing selling orders by AT? I have noticed the repeated 963 trades throughout the day. I am also struck by the comment made a month or so ago by a poster who sold out his holding because he was concerned that selling by private equity shareholders could depress the share price for the next year or so. Anyone any thoughts on this? I would have expected the share price to have responded better to the recent trading statement than it has. Could this go on for years?

[robthebruce] 14/5/2014 17:40

I don't think there is any correlation with the oil price as this is about the maintenance of existing rigs. In fact if the oil price looked as though it might be depressed for some time, companies might take advantage of a lull to take plant offline to do their routine maintenance. Also, there are some areas of the world where existing plant is knocking on a bit so maintenance requirements are high. The company are especially targeting those areas.

[mintitan] 14/5/2014 16:50

No worries DG.

[dgwinterbottom] 14/5/2014 15:29

Thanks Minititan - I see where you are coming from, I was wary that they might "over order" the ships and end up having to lay them up with consequent o/heads. I agree this may be the case with tankers as did happen, but not with maintenence ships etc!!

[mintitan] 14/5/2014 13:52

I don't think the oil price has much to do with GMS's operations as either way their services are required. I think if the world stopped producing and processing oil, that would be a different matter. But that is not on the cards for a long long time I think!

[dgwinterbottom] 14/5/2014 07:41

The gearing is quite significant which is probably new ship commitments, whilst cushioned somewhat by good cahsflow, a drop in the oil prce and a retrenchment in the industry could cause a problem. Any thoughts on this?

[seans66] 09/5/2014 14:53

Also got a decent mention by Martin Waller in his Tempus column in The Times today.

[mintitan] 09/5/2014 13:40

Thanks robthebruce. Would be nice to see it tipped soon for a nice push. Inevitable at some point I think.

[robthebruce] 09/5/2014 11:16

And in the telegraph

[robthebruce] 09/5/2014 11:13

Some comment in the press:

hxxp://gcaptain.com/gulf-marine-services-eyes-expansion-asia-west-africa-new-vessels-planned/