Gulf Marine Services Share Discussion Threads

[trident5] 24/12/2018 09:54

You think their vessels are worth their book value? They're a fraction of that now and less than the debt. There's a big difference between the resale value in a distressed environment and the accounting value.

That's why it's 10p to buy and not 124p.

[knowing] 24/12/2018 09:16

You are correct trident. It's £1.24 according to ADVFN figures

[trident5] 24/12/2018 09:05

NAV is NOT 94p - its' likely negative.

[sunnybeachboy] 24/12/2018 08:42

Everyone has a choice if they want to spend there money and buy. Just like you and i

[avsome1968] 24/12/2018 08:36

director buys only to keep share price stable don't think they had much choice be keeping a eye on this one hopefully they can get back on track back end of 2019 merry Christmas everyone

[sunnybeachboy] 24/12/2018 08:26

Good to seen another director buy. Only thing needed here is patience. If you can hold untill end of January..... Maybe 23p+ could be seen. DYOR.NET ASSET VALUE 94P.CURRENT SHARE PRICE 10P. :)))))) LOAD UP DELBOY

[trident5] 24/12/2018 08:25

£20k and £10k - 2 RNSs over 2 days - looks a little contrived.

[cmackay] 24/12/2018 07:46

More director buying

[sunnybeachboy] 23/12/2018 13:28

Chairman buying was great. I expect them to keep adding at this low price.

[duxy786] 23/12/2018 10:14

Happy to have got in here at 8.55p average. Massively overall.

[guyswonga74] 23/12/2018 10:12

860 million NAV. 400 million debt. Once banking covenants are sorted back up to 25p. This was mentioned in the Sept 7th interims RNS yet the share price held above 45p

[sunnybeachboy] 23/12/2018 09:23

Yes. Oversold

[svenice7] 22/12/2018 13:35

20p here we come

[sunnybeachboy] 21/12/2018 16:28

Company Twitter @GMSUAE if anyone wants to follow them

[richtea2517] 21/12/2018 16:18

Good to the chairman getting his wallet out.

[sunnybeachboy] 21/12/2018 16:14

Don't let them scare you out with the tree shake on all those tiny 1100 sells.January will show true value23p

[sunnybeachboy] 21/12/2018 15:41

That's good news....

[knowing] 21/12/2018 14:53

Chairman buys 220K

[cmackay] 20/12/2018 13:31

Looks like a rise to a fairer value from here imho, these things are always so melodramatic.

[babbler] 20/12/2018 13:14

Are 9p buys then?

[kirk 6] 20/12/2018 12:56

Looks like a bounce is on

[sunnybeachboy] 20/12/2018 12:40

9.48p paid. Seller cleared guys

[sunnybeachboy] 20/12/2018 12:02

8.52p paid. Wake me up at 18p

[sunnybeachboy] 20/12/2018 10:07

Cheap as chips this.Grab as many as you can