Gulf Marine Services Share Discussion Threads

[robthebruce] 09/8/2014 08:37

Yes, unrecognised value.

[lennonsalive] 09/8/2014 00:21

Only a matter of time, before this flies. The value above is incredible and reminds me of Kentz.

[robthebruce] 08/8/2014 14:37

Some stats for those looking for the first time:

No shares approx 350m

Revenues:
2011 106.9m
2012 142.6m
2013 184.3m

Profit:
2011 23.2m
2012 48.6m
2013 69.4m

Everything you could possibly want to know about GMS can be found in the floatation document here:

hxxp://www.gmsuae.com/wp-content/uploads/2014/03/Prospectus.pdf

[robthebruce] 08/8/2014 13:49

Dividend policy from prospectus:

The Board has adopted a dividend policy for the Company which will look to maximise shareholder value and reflect its strong earnings potential and cash flow characteristics, while allowing it to retain sufficient capital to fund ongoing operating requirements and to invest in the Company's long- term growth plans. From 2014 onwards, the Company intends, subject to available distributable profits and shareholder approval, to pay annual dividends based on a targeted payout ratio of 10 per cent. of the Company's consolidated post-tax profit from its ongoing business.

[nbudh80] 08/8/2014 09:11

Think they will report steady progress, dividend details and possibly further information on contract wins or renewals. The question is, will the share price react positively or will it just move along as it is now with now upwards momentum? Recent contract/renewal news has done nothing to drive the share price so the results really need to be outstanding to give price a big push in the right direction. Conversely, any hint of negativity could see the share price fall quite a bit I fear, but I hope that's not the case. All indications so far seem good.

[robthebruce] 07/8/2014 17:28

Anyone got any thoughts on what we might expect on 28th August re results?

[nbudh80] 05/8/2014 08:21

Steady on! Will need to be pushing over 167 for a breakout, as that was the previous high in March. Watching for it closely to get back in. But sadly doesn't seem even positive news flow at the moment is having any effect. The slight hint of anything negative will the the share price tumble. Lets see!

[philo124] 04/8/2014 23:11

close looks promising.

[rolo7] 04/8/2014 22:44

breakout alert?!

[philo124] 29/7/2014 06:36

Missed that, thanks for posting. Good.

[rolo7] 28/7/2014 23:52

great news today no volume just shows everyone is on holiday!

[vb79] 11/7/2014 07:33

Indeed ricky46, its on the watch list and I'll buy again when it breaks 160p or on a nice dip. In the meantime, I can use the cash to make money elsewhere; no point sitting idle!

[wad collector] 10/7/2014 21:17

And if you have money , you can buy time. Or maybe just a watch.

[ricky46] 10/7/2014 15:45

Patience is the key! If you have time you will make money!

[vb79] 09/7/2014 14:51

I sold out today to break even. As good as the company is, their is clearly a very big overhang and it doesn't seem to be able to break 160p despite repeated attempts. With no updates due from the company until August, and possibly a rocky few weeks ahead for the FTSE, on balance I think the share price will go lower rather than higher with nothing positive to drive the share price Of course they could win a massive game changing contract and the price could rocket! Who knows....

[rolo7] 08/7/2014 23:17

gms did the opposite tonight and close at the final buy price!

[wad collector] 08/7/2014 23:06

I drive past Bootle yard every day , still haven't seen too many K classes either ; they must be out there drilling the Mersey I reckon.

[koolio] 07/7/2014 19:56

I drive past GMS yard in Abu Dhabi Musaffah every day, they are doing well with the enterprise. Also, been a very long time since I saw a K class alongside which to me at least means they are in the field earning. I'm happy to hold and expect some upwards share price progress with announcements.

[rolo7] 07/7/2014 18:35

Rjd1233 main market shares always close on the last trade price after 16:30 i have noticed the last few years, a sell of 12k shares @152p 2day, will open higher at 155p my guess tomorrow, very boring this share but does not need much of a rise to push it into fste250. Results 28th august!

[robthebruce] 07/7/2014 17:30

It's been up and down around 158p for ages. Must admit, I am totally bored with it. The only thing stopping me bailing out is the extent of the buying. Small volume but consistent. When are the results due? We could do with some good financials and a dividend to liven things up a bit.

[rjd1233] 07/7/2014 16:54

Bit of a drop today, PI's getting bored?

[vb79] 25/6/2014 07:11

No worries robthebruce. Yesterday was an interesting one for the sp! Settled towards the end.

[robthebruce] 24/6/2014 10:46

Ah thanks, vb79, I hadn't realised that. As you say, a bonus!

[vb79] 24/6/2014 10:06

GMS has always been main market listed, never been listed on the AIM market. That's a big positive!