Gulf Marine Services Share Discussion Threads

[trident5] 26/10/2016 22:23

Che7win
wrong thread - that's not this company.

[che7win] 26/10/2016 15:52

Oil has just jumped too.

[che7win] 26/10/2016 15:41

Chart looks good to run up

[runwaypaul] 26/10/2016 15:28

lunch being served

[che7win] 25/10/2016 14:08

Can't resist a wee nibble again.

[seangwhite] 24/10/2016 13:48

There is an update in November so we will get news on how GMS are going.VGLTA

[loveandmoney1] 24/10/2016 12:28

joined the bulls gl

[che7win] 24/10/2016 11:07

Waking up.

[che7win] 19/10/2016 16:29

Oil rocketing again, Good for GMS

[che7win] 17/10/2016 15:33

Sean, Yep, must be against majority buys today.

[seangwhite] 17/10/2016 15:12

CheThere is obviously a seller (hopes it's not another director) so the share price will trend lower. I hope in the longer term the business model runs as the Company has guided, if it does a decent rerating should come about.VGLTA

[che7win] 17/10/2016 09:11

Np Sean.I did hours and hours of research into this stock again over the weekend.Jack up rigs demand is still there, the floaters market is where demand has fallen most and we don't serve that market.I would advise watching the presentation video, I'm listened to it a few times now and Duncan says both at the beginning and the end that business is seeing signs of recovery. He also says they expect to pick up some contracts the next few months and the pioneering cantilever systems will give us further business. We are lower cost than rivals so our utilisation rates are 20 percentage rates higher.

[seangwhite] 16/10/2016 13:04

Thanks che for that. The recent share price movement does not seem as positive as the management's decision in maintaining the divi. I still believe the CEO's recent share sale will take some time to cease to be seen as a negative.Long term I think these will come good as they are Opex focused which in the current environment is a saviour.VGLTA

[che7win] 14/10/2016 22:51

Sean, The dividend is forecast to be maintained, I don't really know why they didn't cut it, were they really so confident before oils recent rise.

[seangwhite] 14/10/2016 21:49

Anyone know if the divi will be maintained in light of current cutback in activity.The share price has taken a hammering in the last few weeks on no real change in the outlook.

[tr10251] 14/10/2016 16:51

Contact the registrar named on the certs.If you cannot trace the registrar named on your share certs (maybe they too have changed names or gone out of business), contact one of the UK's three main registrars who may be able to help. These are: Equiniti (equiniti.com), 0871 384 2030; Capita (capita.co.uk), 0871 664 0300; and Computershare (computershare.com), 0870 702 0003.

[che7win] 14/10/2016 15:08

Bought some more, didn't expect to get these prices with oil rising.

[seangwhite] 13/10/2016 20:34

Someone really does not like these.The CEO selling at 50p seems to have been a well timed decision. Let's hope he has the same success for the loyal shareholders.GLTA

[che7win] 12/10/2016 13:19

51k looks a buy.

[che7win] 10/10/2016 15:46

Brent Oil up 180 cents, 3.3%!Why these aren't a lot higher, I don't know, I think they will be shortly.

[che7win] 10/10/2016 14:15

Rhomboid, Snap, only saw your post after mine.

[che7win] 10/10/2016 14:13

Putin seems keen:hTtp://www.bloomberg.com/news/articles/2016-10-10/putin-says-russia-ready-to-freeze-or-even-cut-output-with-opecHpcg, yes, I agree.Fwiw, been in contact with the company, they would say this but the CEO sold in a short timescale for personal reasons. His reduction I'm told doesn't reflect his views on GMS as an investment and wasn't in his own interests.Anyway, I think the trough in cycle has suddenly moved forwards and a deal next month in cutting supply seems likely.Once that happens, Capex related work will pick up. The fact they are maintaining a dividend here shows confidence or foolishness, I'm banking on the former! And this made before oil started rising in Sept.

[rhomboid] 10/10/2016 14:10

Re director sell

Fwiw I'm told it was for personal reasons and in no way a reflection of his view on the investment case.