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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Gulf Marine Services Plc | LSE:GMS | London | Ordinary Share | GB00BJVWTM27 | ORD 2P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| 0.15 | 0.87% | 17.35 | 1,343,167 | 16:35:12 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 17.40 | 17.95 | 17.45 | 16.80 | 16.90 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Ship Building And Repairing | USD 151.6M | USD 41.34M | USD 0.0386 | 4.52 | 184.03M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:36:31 | AT | 3,881 | 17.35 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 29/1/2025 | 10:27 | UK RNS | Gulf Marine Services PLC Holding(s) in Company |
| 21/1/2025 | 12:05 | ALNC |  Gulf Marine extends offshore mining deal, reflects "continued demand" |
| 21/1/2025 | 07:00 | UK RNS | Gulf Marine Services PLC Contract Extension |
| 10/1/2025 | 11:58 | UK RNS | Gulf Marine Services PLC Holding(s) in Company |
| 06/1/2025 | 15:46 | UK RNS | Gulf Marine Services PLC Holding(s) in Company |
| 06/1/2025 | 10:35 | ALNC | IN BRIEF: Gulf Marine Services confirms successful debt refinancing |
| 06/1/2025 | 07:00 | UK RNS | Gulf Marine Services PLC Debt Refinancing Successfully Completed |
| 31/12/2024 | 07:30 | UK RNS | Gulf Marine Services PLC Holding(s) in Company |
| 23/12/2024 | 12:05 | UK RNS | Gulf Marine Services PLC Holding(s) in Company |
| 19/12/2024 | 10:11 | UK RNS | Gulf Marine Services PLC Holding(s) in Company |
Gulf Marine Services (GMS) Share Charts1 Year Gulf Marine Services Chart |
|
1 Month Gulf Marine Services Chart |
Intraday Gulf Marine Services Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 04/2/2025 | 09:50 | Gulf Marine Services plc | 2,807 |
| 14/10/2016 | 15:51 | gold mines of sardinia | 1 |
| 28/4/2009 | 22:09 | GOLD MINES OF SARDINIA - Agreement Finalised | 19 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 16:36:31 | 17.35 | 3,881 | 673.35 | AT |
| 16:36:31 | 17.35 | 4,305 | 746.92 | AT |
| 16:35:12 | 17.35 | 64,430 | 11,178.61 | UT |
| 16:29:52 | 17.45 | 1,292 | 225.45 | AT |
| 16:29:52 | 17.45 | 12 | 2.09 | AT |
| Top Posts |
|---|
Posted at 04/2/2025 08:20 by Gulf Marine Services Daily Update Gulf Marine Services Plc is listed in the Ship Building And Repairing sector of the London Stock Exchange with ticker GMS. The last closing price for Gulf Marine Services was 17.20p.Gulf Marine Services currently has 1,069,946,316 shares in issue. The market capitalisation of Gulf Marine Services is £186,705,632. Gulf Marine Services has a price to earnings ratio (PE ratio) of 4.52. This morning GMS shares opened at 16.90p |
Posted at 04/2/2025 09:50 by hpcg I completely understand the warrants. If as you suggest the outstanding warrant holders are all so keen to sell as soon as they get hold of the shares why are they waiting? They can convert today, they could have converted yesterday. They could have converted every yesterday since a couple of days after the warrants were issued. As you rightly say they could take their profits now, yesterday, 3 months ago, a year ago, whenever, yet they have chosen thus far not to. Crazy. Unless of course they intend to keep the converted shares, in which case converting at the last minute keeps the payment for the shares earning interest.Of course we could get a conversion notice for some or all of the outstanding today, tomorrow or any day up to the deadline. I would not at all be surprised if there had been forward selling, and there could be more forward selling. Your fear that the shares will be converted at the half year and be immediately offered to be sold irrespective of the share price at the time does not bear up to any scrutiny or evidence. The warrants will be converted, I'm pretty sure on that, so anyone doing their own calculations must sensibly be using the fully diluted share count. I suspect those holding out to June to pick up shares at some perceived liquidity release will be in for a rude awakening. |
Posted at 23/1/2025 15:39 by sphere25 Very firm price movement right now.Glued to the highs with the price up 13% at 17.65p. The market tried to sell it through 17p, but someone just sat there with a 25k iceberg and mopped everything up. The market then realises a big buyer is sat there (maybe alleviates a few concerns that the price spike is very short lived on fear of the last remaining Seafox related sellers?) and outbids the 17p order to take it higher toward the current price. So it is moving like those who kept the price down under 16p have been cleared and now it could be what remains of the Seafox holding. The last transfer from Seafox was in that RNS on the 10th January when they cut down to 67.78m shares. Just wondering if these big buyers who came in yesterday are eating through those shares as well with a holding rns to follow to show that they have transferred more? I suspect the market will get more enthusiastic on a further transfer by Seafox. We also know that not all the shares being transferred are being sold, so it is just a proportion of 67.78m, which makes it more intriguing. You then have tens of millions being exchanged yesterday and good exchanges today without delayed prints. Wish I were a fly on the wall and could see who was in the background buying and what delayed prints will follow. But the days of Seafox dragging the price down here are coming to an end. Their control and strangle over the price is dwindling with every day of sizeable exchanges like this. Gyrations aside on residual sellers now, this looks set to go into the 20's. Just unsure when. Someone knows. Someone knows if the whole lot are getting cleared out here with this level of buying. Probably sat there having a little smirky smile. I don't know. I just know it is getting very close to them being cleared. All imo DYOR |
Posted at 07/1/2025 18:38 by mirabeau Thanks to Pauly Pilot - a great site, joinPaul’s Section: Gulf Marine Services (GMS) - Paul holds 15.4p (pre-market) £164m - Debt Refinance Completed - Paul - GREEN Gulf Marine Services (GMS), a leading provider of self-propelled, self-elevating support vessels for the offshore energy sector… There wasn’t really any doubt over this, but it reassures me that the refinancing is now completed - “...is pleased to announce that it successfully completed the refinance of its debt, on December 30th 2024, as detailed in the Company's previous announcement on August 1st, 2024. Alex Aclimandos, GMS Chief Financial Officer, commented: "As described earlier, we are very happy to have secured this deal as it lowers our costs of borrowing and gives us more flexibility on capital allocation, reflecting the trust of the lenders." Mansour Al Alami, GMS Executive Chairman, added: "This new deal will allow us to proceed with our deleveraging plans and to continue to move value from lenders to shareholders." Paul’s opinion - that last sentence sums up the investment case. As each month goes by, GMS is paying down its debt from prodigious cashflows, so all shareholders need to do is wait, and the company’s finances get stronger. This has not been fully reflected in the share price yet, because there’s a seemingly endless flow of selling from the Seafox overhang. Other bearish points might be that the low oil price could see M.Eastern demand reduce perhaps? Although the order book currently gives very good visibility. I like the fact that GMS has diversified into offshore wind, where its vessels could be redeployed for only modest conversion cost (mgt told me on a call last year). One ship is already in Europe doing that. Last year saw a series of encouraging trading updates, and broker upgrades. Some forecast data seems to show reducing forecasts, this looks like a data anomaly to me, as I’ve been following the detailed updates from Zeus (many thanks) available on Research Tree, and these have not been falling. It’s not always clear what other data goes into consensus numbers, and they can be unreliable for smaller caps if some out-of-date forecasts get jumbled up in the calculations. Hopefully the new bank facilities should allow GMS to start paying divis. I think that’s important, and I would prefer some income from this share, and not hopefully management buying more ships and running up more debt, as this stuff can be horribly cyclical. The last 9 months share price moves have been frustrating for shareholders, but zoom out and the bigger picture remains very positive - |
Posted at 22/12/2024 09:31 by carcosa For any relatively newly interested investors, the phrase "in specie" indicates that the dividend will be paid in the form of assets (in this case, GMS shares) rather than cash. An in specie dividend allows Seafox ( a competitor to GMS) to pass on its GMS shares directly to its shareholders without selling them for cash first.This action reduces Seafox's direct ownership in GMS by the distributed amount. Seafox's shareholders will become direct shareholders in GMS to the extent of the distribution. Many of these new shareholders will prefer to sell their holdings. Hence the depressed share price. Background: Following a period of shareholder acronymous activism, commencing in 2019, Seafox became the Company's largest shareholder. These changes led to the financial restructuring of the Company. In September 2024 Seafox started to exit their holdings, not by selling shares but effectively giving the shares to Seafox shareholders (the in-specie dividend). At it's height Seafox had 29.3% shareholding in GMS. Now that is closer to 5% to be confirmed with a TR1 this week, perhaps. At this rate it will not be too long before Seafox has divested all of its shares however it may take a few months before the individual shareholders have finished selling the bulk of their holdings. As Premium Beeks says in the prior post, for those taking a medium to long term view the coming weeks may be a good time for retail investors to acumulate shares in GMS |
Posted at 21/12/2024 11:01 by bloomberg2 news:The company now anticipates its 2024 adjusted EBITDA guidance to be at the upper end of previous guidance of USD 98-100 million for 2024.For 2025, GMS expects adjusted EBITDA to reach USD 100-108 million, an increase from the previously forecasted 2025 EBITDA guidance of USD 92-100 million.However, doing the maths, a 1-2% guidance increase for FY24 and an 8% increase for FY25 at the mid-point of the ranges. This is hardly material enough for a separate RNS, and it seems unlikely their broker would have forced them to issue this update. This gives the impression that management are desperate to stop their share price from falling. It may simply be options exercise driving the behaviour, although you have to wonder if they may have other reasons. For example, wanting to start growing the fleet again, which may require equity issuance. |
Posted at 19/12/2024 10:16 by riverman77 My experience is these overhangs can drag on for months or even years, so don't see the need to get involved until it's cleared. Of course always the possibility that GMS is taken out at a big premium to current share price and better to stay invested. On balance though I think better to wait on the sidelines. |
Posted at 17/12/2024 12:02 by rivaldo Bought in here this morning for the first time after the shares dipped. Looks like the overhang is lifting now?Panmure Liberum have reiterated their Buy and 30p target price. They summarise: "Upgraded guidance for 2024 & 2025 GMS has issued revised Adj. EBITDA guidance for 2024 with it trading at the upper end of the previous guidance range of US$98m-100m and has increased its guidance for 2025 from US$92m-100m to US$100m–108m. Against this background the shares have declined 13% over the last month, yet 1) the last disclosed backlog stands at a record level of US$503m (in February it was US$373m), 2) deleveraging has accelerated in 2024, 3) new banking facilities enable options to expand the fleet and engage in share buybacks, 4) GMS has raised the potential of paying a dividend, and 5) new opportunities have emerged in European waters for Offshore Wind Farm maintenance. We re-iterate our BUY recommendation and target price of 30p. GMS continues to deliver The company continues to perform well with revenue growth boosted by higher day rates. The significant reduction in net debt has materially reduced borrowing costs (US$31m in 2023 falling to an expected US$13m in 2026) and the recent re-finance gives the company scope to look at ways to expand the fleet (i.e. leasing). Demand for SESVs continues to be strong as evidenced by the rise in the company backlog which represents c3x FY25E revenues and indicates that the company’s financial performance looks secure in the coming years. Vessel demand remains strong Oil & Gas activity levels in the core MENA region remain high (GMS has no exposure to the UK economy), despite crude prices faltering as demand concerns continue to weigh on markets. We see the recent postponement of OPEC+ production increases having no negative impact on GMS given the high level of backlog with their vessels being utilised for (already) committed work programmes. In the event that OPEC+ does increase production, we see this as a positive with the increased activity driving demand higher." |
Posted at 13/12/2024 17:10 by hpcg You are, for the most part, conversing with people here 2 years before Paul Scott mentioned it. The figures released by the company tell their own story. I am very surprised at the share price today, but I don't control any others in the market. I've been buying more on occasion in this period, though without increasing the proportion of my portfolio allocation. The influence of commentators here and elsewhere in the PI sphere is significantly overstated and diminishing all the time as the active investor base shrinks. Not only that but PS writes on Stockopedia, a product founded on the basis of factor investing. People that work off of tips have at best 5 figure portfolios and are utterly insignificant outside of micro cap stocks.Specifically on the subject of factors, even the interims are well out of date, with net debt having decreased from $238.5mn end H1 to $221mn end Q3 with similar to come this Q. Come the FY report those numbers will be clean(er) with just the distortion from the fair value adjustment of warrants, assuming no more are converted this year distracting from the trading numbers. Probably, as that depends on where the share price ends up on the last trading day of the year. Fed is likely to cut next week, but perhaps not at all in 2025. That's a modest cut to the interest bill in addtion to the lower interest rates on refinancing. Dollar is strong and as I have a sterling basis that adds to the attraction. |
Posted at 25/10/2024 13:25 by zho Panmure have raised their TP from 26p to 30p following a visit to GMS Endeavour.(The GMS website shows a picture of Endeavour installing (?) a wind turbine. It's currently moored at Larne, Northern Ireland. ) Text from note copied from LSE: With offshore wind sector capacity set to more than double by 2030, we see increased demand for GMS vessels in this sector. This offers an implicit counter cyclical hedge to the traditional oil & gas sector, and we see this as offering greater opportunities in the future for GMS The European wind sector is growing exponentially, with commissioned capacity forecast to reach 98GW by 2030 – well above the current commissioned capacity of 35GW. The UK has the greatest commissioned capacity in Europe at present (at 14.7GW), with a further 6.3GW currently under construction.....the growth across the wind sector will present huge opportunities to companies involved in any aspect of the sector. Consequently, it is clear that the demand for vessels to support the installation and maintenance of offshore windfarms is set to remain very strong in the coming years, with availability of vessels – such as GMS E-class vessels - likely to be a limiting factor. We believe that this latent demand increase will deliver higher day rates for vessels operating in Europe. Putting this into context, GMS Endeavour is averaging around five days per maintenance cycle per turbine (i.e. c60 turbines each year). With more than 2000 turbines already in place across the UK and Europe, it is clear that there is vast potential for long term maintenance contracts. ....the renewables market offers material growth upside for GMS. This is due to the sheer amount of demand that will come from new installations and by extension, maintenance required across the European offshore wind sector. We see this as offering greater scope for GMS to secure further contracts with major windfarm operators Target price raised from 26p to 30p |
Posted at 11/11/2023 11:15 by hpcg xxx - I've not seen the report directly so I don't know. I've corrected the link - the closing bracket had become integrated. As I said, as at June, and I presume later, Praetorian Capital has no GMS holding. I mention them because many investors are familiar with Kuppy and his approach, and he has be vocal about offshore oil services. Their big holding in the space is Valaris.The GMS share price really took off after an offshore conference in Sweden where more or less all the operators said they were not going to build any more kit. What people not familiar with the industry might not know is that the cyclicality is not caused directly by the oil price, but as a derivative of the oil price cycle. After a few years of strong oil prices service providers will have rebuilt their balance sheets and oil companies will sign up long term lucrative contracts to secure the equipment they need. At that point service providers draw a straight line upward pointing line on demand and choose to massively expand their fleets using debt. This leads to an horrific and long lasting trough when oil prices turn over and oil companies draw in their budgets. If no one falls into this trap, or for that matter financiers just aren't interested then there is nicely balanced supply and demand which is resulting in stable cash flows with good visibility. Rates should keep up with inflation, margins should be maintained which leads to wads of free cash to pay down debt and in 2-3 years make returns to shareholders. Of course there is some far out longevity in terms of servicing offshore wind farms, but market dynamics there do not allow for boom-bust cycles so fleet sizes should very much remain balanced. |
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