Gulf Marine Services Share Discussion Threads

[trident5] 14/5/2021 09:40

New boss same as the old boss.
I don't think management have much influence on events here; it's just down to the health of their market.

[baddeal] 14/5/2021 09:06

This one is so painful to watch, they should just get on with raising the equity and regearing the business. With the capital structure as it is and operating levels where they are it will continue to be a basket case until balance sheet is sorted.

[csmwssk12hu] 14/5/2021 08:40

I think they have a bidder hence why they are so confident also the shares have been bought up constantly over the last couple of months all imho dyor

[marmar80] 13/5/2021 20:24

What to expect?

[jimbomorry] 07/5/2021 17:49

Final Results for the year ending 31.12.20 on 14th May, next Friday.

[csmwssk12hu] 07/5/2021 08:00

Yes that announcement coupled with consistent buying sounds like a bid to me also was it 15p they rejected last year? considering the turnaround in oil sector and the business here wouldn’t be suprised to see 30p on the table, hopefully we will find out next week all imho dyor

[jimbomorry] 04/5/2021 19:09

Contract win RNS today. May-20 saw a nice run up. Would be nice if a repeat.

[jimbomorry] 27/4/2021 09:54

I have a position here and am hopeful this is a company on the up again now. I liked the look of the chart too as IMHO it looks like quiet accumulation taking place.

[csmwssk12hu] 27/4/2021 08:22

I think the trading updates are becoming a serious factor here, after bp stunning results the oil sector is clearly powering ahead and recovering a lot more sharply than anyone thought or realised, the trading update here showed that, hence the blocks of 500,000 hares being bought up at above price (7.9p), if that recovery continues way ahead of schedule they could not need the raise and be in a better position to negotiate new debt terms, that is why I am here as the share price could soar on that news, results due in a few days we will find out then, the constant large buying ahead tells me someone knows something imho dyor

[marmar80] 16/4/2021 08:35

At what share price they will issue that equity? From this what I can see it will be 3x mcap to raise.

[csmwssk12hu] 16/4/2021 00:35

Great trading update, only just seen it, why release at 3pm?

[jimbomorry] 15/4/2021 19:03

78% vessel utilisation with confidence in tender pipeline. Debt restructured and interest payments reduced. I'd like to hear more on the equity raise in due course but this seems to me to be being done for the right reasons, i.e. debt restructure and future growth. Also, particularly like the involvement in the growing renewables market in Europe, and not just focused on O&G; think this could carry weight with institutions more than just an O&G Co. Has to be a big plus in my view. I've topped up as am liking the legs I think this share price has. I'm in at 6p so fancy the doubling up to 12p+.

[imnotspartacus] 15/4/2021 15:21

Positive update next stop 12p

[wad collector] 14/4/2021 11:15

I see that Seacor have had a Lift vessel capsize off Lousiana. That's about the only bad thing that has not happened to GMS recently.

[jimbomorry] 13/4/2021 11:26

Wonder if it could be quiet accumulation.

[csmwssk12hu] 13/4/2021 00:23

There seems to be some sustained buying through the day buying at 7.38 then the odd sale to the close, I’m suprised it’s not moved yet

[jimbomorry] 01/4/2021 22:00

Positive that the GMS fleet services the renewables industry too. Wonder if this is targeted as a growth area too?

[csmwssk12hu] 29/3/2021 00:05

In May these jumped from 4p to 16p, at these levels and oil price and spending rising fast from lows I would love to see these rise like that again imho dyor

[csmwssk12hu] 26/3/2021 00:04

Rejected a cheeky bid last year at circa 7p at the height of the pandemic, with the world recovering a bid of 15p would get mine, who’s to say one won’t come now things are looking brighter imho dyor

[jimbomorry] 21/3/2021 11:25

Noted trident5.

ADVFN quoting the NAV per share on GMS financials page.

Am hoping new management has integrity and that the deleveraging, business plan performance, and 75% vessel booking level already are positives for recovery and short, medium and longer term cashflow. My view is the market may think so too looking at the chart. I appreciate the recent oil price fall has affected oil related companies in the last week or so although looking at the forecasts, May/June could see modest increases back to $70/barrel which could give GMS a tailwind.

[trident5] 21/3/2021 10:45

Don't know where you get your NAV from - in the accounts NAV is expressed in dollars.

Have you accounted for the upcoming $80/90m write down?

Or considered what the assets might be worth in a fire sale - which is all that matters?

Historically such assets have sold for buttons.

Everything here is about short and medium term cash flow prospects and the integrity of the new management.

[jimbomorry] 21/3/2021 10:19

. NAV per share 94p
. Currently 6.5p
. Oil looking more positive
. Chart looking good

Have got me fingers crossed on this one.

[jimbomorry] 19/3/2021 21:00

. New BOD deleveraging to reduce costs, develop growth and increase profitability. This should be positive for sp, which should offset dilution from equity raise (chart has shown positives in this regard although increases being suppressed presently by fall in oil?).
. IMHO the market views the equity raise positively (EMH) because it is being used to achieve debt reduction and reduced interest payments in a strong forward looking company, rather than, say, keep a dying company going for the sake of it so a BOD can milk more money out of it. Also, two of GMS' key shareholders, Seafox International and Mazrui Investments, have agreed to take their pro rata share in the raise, I think because they agree it is being done for the right reasons too(otherwise why would they do it?).
. Seems to me GMS is covid-fit, has deleveraged, has reduced costs, has 75% utilisation of vessels booked in already, is on course with its business plan, and its new BOD is set upon growth.

IMHO a good recovery play for these reasons and seems currently cheap as chips.

Just my thoughts. GLA.

[jimbomorry] 19/3/2021 19:30

Mazrui and Seafox supporting the equity raise pro-rata their holdings is my understanding.

[marmar80] 16/3/2021 20:27

Is Aberforth a seller here?