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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 | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.30 | -1.47% | 20.10 | 19.90 | 20.00 | 20.50 | 19.80 | 20.30 | 891,367 | 16:35:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Ship Building And Repairing | 151.6M | 41.34M | 0.0407 | 4.91 | 203.28M |
Date | Subject | Author | Discuss |
---|---|---|---|
09/12/2014 12:44 | Hybrasil - no worries. Your investment will pay off soon. Looking to top up at the earliest opportunity. | macarre | |
09/12/2014 12:41 | How stupid I am. I had said post 241 ( I think) that I was a buyer at £1.00. I liked this mornings news so much that I bought 17k at £1.045 average. Should have waited! | hybrasil | |
09/12/2014 07:29 | Gulf Marine Services (LSE:GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESV) serving the offshore oil, gas and renewable energy sectors, is pleased to announce the first contract award for its new Mid-Size Class vessel GMS Shamal. The vessel, which is the first of its kind in the world, is currently being built at GMS' quayside facility in Abu Dhabi and is on schedule to be completed in Q2 2015 when it will proceed directly to its first charter for a national oil company in the MENA region. The contract is for five years (two years firm with three one-year options). GMS Shamal will be supporting well service work, with the day rate in line with that previously indicated for the region for this class of vessel. This SESV is not only a new design, being the first self-propelled SESV of this Mid-Size Class to be built by GMS, it has also been adapted to suit the client's specific needs as a specialised well intervention unit. The bespoke modifications include the supply and installation of pumping equipment and gas lines, the enlargement of the onboard brine capacity and the optimisation of the crane configuration. In common with other SESVs in the GMS fleet, the vessel is capable of high deck loads and has been fitted with a multi-move, robust jacking system combined with DP II manoeuvring to ensure rapid, frequent and safe movement between offshore wellheads. Duncan Anderson, Chief Executive Officer of GMS, said: "The signing of this first charter well ahead of GMS Shamal's build completion demonstrates the continued high demand for our vessels and highlights the value of our cost-effective solutions as our core, opex-focused oil and gas clients seek to extract maximum value from their offshore assets, which is increasingly relevant in the current oil price environment. "GMS has been at the forefront of self-propelled SESV design since the 1980s. A key factor in our client's decision to charter GMS Shamal was our ability, through our integrated engineering and construction process, to make modifications during the build process without these affecting the price or delivery schedule. Through collaboration with our client, we have developed an SESV that will ensure optimum efficiency and minimum non-productive time during our client's operations, while maintaining the flexible multi-role design as part of our core strategy for high utilisation." The Group's entire fleet of SESVs is currently chartered, supporting brownfield oil and gas recovery, well services and maintenance work in the MENA region and in North West Europe. | macarre | |
08/12/2014 16:56 | This sell of seems relentless | kito691 | |
03/12/2014 18:05 | Looking at the order book today feels like the share price could hover around the 102 - 110 mark for the next few days. Don't think we are out of the woods yet, but the panic that took over oil/oil services in the last few sessions is no longer here. | macarre | |
03/12/2014 14:00 | sorry, no relevance a faux pas on my part, wrong site. Happy Christmas to all. | mth11 | |
03/12/2014 13:21 | Struggling to find the relevance to gulf marine and see share !!!! | kito691 | |
03/12/2014 12:18 | i'm loving SEE nice little tuck away imo | mth11 | |
03/12/2014 07:29 | Nobody,so if your sticking to oil majors GMS isn't for you. Just trying to work out how your post helps anybody. | toyin | |
02/12/2014 18:27 | I would stick to the oil majors, not enougn price data on this stock to know where the bottom could be 100p or could be 80p, who knows | wipo1 | |
02/12/2014 16:30 | Almost all other oil services companies up quite significantly today. I would not be surprised to see a bounce here tomorrow, depending on what world oil prices do of course. | shakeypremis | |
02/12/2014 10:48 | I simply suspect there will be less work. However I am only 4% from my buy price so I believe I will be a shareholder very shortly | hybrasil | |
01/12/2014 22:46 | I guess investors must be assuming there is going to be a production cut by some smaller oil companies who cannot produce oil profitably at these prices. But that hasn't happened yet. | shakeypremis | |
01/12/2014 22:11 | Really can't see any negatives on this stock. GMS seem to be operating at almost capacity and have a very healthy order book. | macarre | |
01/12/2014 16:05 | Crude oil is up over 2% at the time of me writing this, and yet still the share price falls. Perhaps there is a large seller in the background who knows something we don't, but it doesn't look like it. | shakeypremis | |
01/12/2014 16:03 | Indeed macarre, they are an oil services company. Production has not been cut (that would have hurt GMS) so I don't see how the oil price drop really damages GMS. Indeed lower oil prices should translate to lower operating costs for GMS anyway, thus giving them a better margin. | shakeypremis | |
01/12/2014 15:22 | Hybrasil - interesting to find out why you believe it has to mirror the oil price graph? They provide services to the oil industry, not the oil itself. | macarre | |
01/12/2014 14:20 | The fall is not quite mirroring the oil price graph. I'm a buyer at £1.00 | hybrasil | |
29/11/2014 08:17 | GMS got a brief mention in this week's IC, citing it as an example of oil services business that can do well in a downturn (in Cannacord's view). I'm still a belieber (I mean, believer). | macarre | |
28/11/2014 14:43 | There has been huge buying down at 115. When is this going to bounce? | shakeypremis | |
28/11/2014 14:09 | Statement from 5/11/14 Please note the sentence starting "Our clients" If the market ever had it wrong its this share! Duncan Anderson, Chief Executive Officer of GMS, said: "As we discussed in our Interim Results, demand for our SESVs across the MENA region is excellent and the market for our assets in Europe also remains strong with our entire fleet of ten SESVs currently chartered. Our backlog has increased by nearly 50% since August with recent contract wins. Our clients are responding to the low-cost benefits that our SESV solution provides them, which is increasingly relevant in the current oil price environment. The outlook, driven by our core brownfield (opex-focused) oil and gas client base, underpins our expectation of continued strong demand going forward. This, together with our ongoing new build programme, will help to maximise opportunities with existing and new clients." | toyin | |
28/11/2014 14:08 | Wish I had got in at 115, I think my average was about 140. | hatter2 | |
28/11/2014 12:24 | It's odd that the share price has dropped quite as much as it has. A lower oil price means reduced running costs for GMS, a production cut would have hurt GMS. Surely this will rebound? It seems irrational that the price should have fallen, but I suppose if the oil price falls further this could cause the share price here to fall further even though I don't really understand why that would be the case! The irrational market. I have been sitting on the sidelines here waiting to get in and today I have, for 115p a share. | shakeypremis | |
28/11/2014 11:51 | I'm not a current holder of GMS, I have held in the past and will buy again if there is further share price weakness. Yesterday, while passing their Abu Dhabi Musaffah yard I noted that the 1st hull of the mid size has come alongside the quay wall for fitting and finishing. Good luck to all holders, I will continue to follow. | koolio | |
28/11/2014 06:28 | Just a thought and although not the same type of business, Kentz were a oil services business. I stuck with them for a number of years and through a number of 15%-20% falls. They eventually came good and I was handsomely rewarded. Now I am not saying that Kentz are a mirror of GMS but rather a decent comparison of some of the volatility that can occur within the sector. The decision to take, at least IMO, has to be based on if I see it still as a quality business. The answer is that yes I see it as a decent business and will be happy to let the few £k I have in there ride along in the medium term. I could be wrong and like all of us have some moments in my investing history that I would rather forget. DYOR | hatter2 |
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