Gulf Marine Services Dividends - GMS

Gulf Marine Services Dividends - GMS

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Stock Name Stock Symbol Market Stock Type
Gulf Marine Services Plc GMS London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.10 -1.59% 6.20 16:35:22
Open Price Low Price High Price Close Price Previous Close
6.00 6.00 6.02 6.20 6.30
more quote information »
Industry Sector

Gulf Marine Services GMS Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

hpcg: I have little sympathy for people that remained invested through a down cycle in oil and gas. A core function of an investor is to anticipate good and bad times for a company they invest in, especially in a cyclical industry. Many would argue that company managers should even more anticipate when the sector they are in is turning over from deficit to surplus, but hardly any of them do, hence why there are cycles outside of the overall business cycle. The information required for investors to make a judgement in GMS seems pretty comprehensive to me, and the choice of the loan raise is pretty much a wash to investors by my calculations in the area of the current share price, hence why the price is where it is. I'd say the warrant issue is much more likely as a result, had the share price broken out then the equity raise would be better for investors, so they should just get on and do it. Investors with cash will be able to keep their relative holding in the market.
xxx: The business is a price taker , rather than a price maker and thus he role of mnagement is to be on top of the cycle. GMS has appointed a board picked to be aligned o the interests of the major shareholder, not experise in the business. If you look at the R+A they have managed to comply with 1/11 TCFD criteria. The raising of funds last year and lack of appropriate updates regarding the business, further underline the lack of interest in keeping shareholders abreast of the business. The write downs were a further example of scare tactics. I have faith in the business, but fully expect them to try an unrealistic offer for the rest of the company at a time of their choosing, which wil have a better chance of gaining acceptance , if shareholders are unsure of the value of the assets, their prospects or the sector in general. A further example of this is the additional capital raise required by the end of the year. Rather than discussing what waivers might have been sought, depending on cash generation, debt:ebitda and other relevant criteria, there is a fairly unhelpful re-statement of the loan agreement. In short, they appear to be acting for the benefit of the majority shareholder and doing their best to keep his options open.This opinion has been formed whilst watching their manoeuvres prior to joining the board...
hpcg: GMS doesn't provide drilling rigs it supplies support rigs. Work is tied to maintenance as much as anything.
melloteam: Mello2022, the popular three-day Investor event takes place on 24TH-26TH MAY at the Clayton Hotel & Conference Centre, Chiswick, W4. The breakdown of the three days is as follows: Tuesday 24th May, 9am - 6pm - Mello Investment Trusts and Funds (WE ARE GIVING AWAY 20 FREE TICKETS TO THE TRUST AND FUNDS EVENT - THE FREE CODE IS FIRST20TF) Wednesday 25th & Thursday 26th May, 9am - 6pm - Smaller Growth and Mid-Cap Companies (Tickets for 1 day are £115 and tickets for 2 days are £189. To get 50% off, use code MMTADVFN50). Just to let shareholders and prospective investors know that GMS will be among the companies discussed on the BASH (Buy, Avoid, Sell, Hold) panel on Wednesday. There will also be keynote speakers such as Lord John Lee, Leon Boros, Andy Brough, Rosemary Banyard, Clarke Carlisle and Gervais Williams. For more information, please visit the event webpage: Https://
loglorry1: GMS will very likely extend their finance with banks without requiring a further equity raise or warrant exercise. Rig rates have risen and utilisation is up which has facilitated this. Cash generation is very strong and as debt is reduced value will flow to the equity and it will continue to rerate. 15p should be achieved soon.
owenski: Are GMS doing another fund raise later this year?
pauliewonder: Yes, free cashflow should significantly dent the debt pile and massively de-risk GMS. Once we get to that point the valuation will look hideous. Furthermore, they may start returning money to shareholders
pauliewonder: Don't agree. It's still risky because of the level of debt but market conditions are very positive for GMS so paying down debt will be quicker. They will have a highly cash generative business in a few years with no debt. At that point the premium to todays price would be substantial. The downside risk is that market conditions worsen / price of oil reduces. Can't see that, but even if it does, it's fine as long as they are generating a healthy cashflow. Any imminent sale should be rejected (if it was to come) at these lowly prices
pauliewonder: Yes looking tasty today. Looks like they are in a sweetspot at the moment with their market. As long as utilisation rates and day rates stay high, then GMS should be very cash generative.
hpcg: GMS debt is high yield therefore proportionately changes in interest rates have less effect than for investment grade. 1% to 2% is a doubling of the interest burden whereas 10% to 11% is a more modest change even if for the same amount of debt the quantum of the delta is identical in both cases. GMS debt is less about interest rates and more about risk compensation for the potential loss of principal so making the company safer makes much more difference than any interest rate rise.
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