Gulf Marine Services Share Discussion Threads

[kito691] 11/6/2014 15:38

Agreed must be a large seller to soak up the sells hopefully when cleared we will rise sharply

[lennonsalive] 11/6/2014 13:09

A seller has been there for ages then. This has not gone up or down.

[kito691] 11/6/2014 12:48

How can with the sheer pressure of buys this be stuck at 1.60 someone please explain !!!!

[robthebruce] 29/5/2014 17:50

Very much agree on the defensive qualities. Still, it would be nice to see some meaningful movement of the share price At the moment there's just loads of automatic trades churning the price.

[mrmomentumt] 29/5/2014 09:10

I agree robthebruce. Lots and lots of buys going through but seems to be a lid being put on the share price rising. Perhaps their is a seller or it could just be market maker antics. Either way, great value company which keeps delivering excellent news. Holding long term unless any bad news surfaces, so day to day fluctuations of little concern. I suspect it will just ponder along and just rise 5-10% when we least expect it and break away into a nice upturn. Seen this countless times. The share is nicely defensive too and didn't tank with the rest of the market recently. All music to my ears as far as shares are concerned.

[robthebruce] 28/5/2014 13:55

I think the market is being manipulated today. There is no way that the share price should sit like this in the face of all the trading. Note how many ATs there are. It was like this over on Blinkx whilst the shorters were closing their position. There are canny means of accumulating shares whilst keeping the price down. Perhaps someone with L2 can comment on the Bid/ask.

[mrmomentumt] 28/5/2014 12:12

Strong L2: c24k BUY v 2k SELL

[robthebruce] 28/5/2014 10:28

At last we have broken through 160p. Onwards and upwards!

[lennonsalive] 28/5/2014 09:51

Chaps, How's l2 looking?

[jonnydd4] 28/5/2014 09:49

Bought in here this morning. You're right, does seem a share that has gone under the radar a bit. Positive RNS this morning.


All the best guys.

[mrmomentumt] 28/5/2014 08:41

Yes lovely announcement this morning. Further reinforces the demand for their services. Happy to hold and accumulate at these levels until the wider market awakens and re rates them!

[robthebruce] 28/5/2014 07:41

Nice RNS this morning. It seems demand remains high with decent contracts of a good duration.

[robthebruce] 27/5/2014 11:21

Broker target

Canaccord reiterate buy recommendation with new target of 180p. Hope it draws a bit of attention. It's very quiet ATM :)

[catsneck2] 23/5/2014 14:57

Agreed mrmomentumt, when 160p goes I reckon a sharpish run up to 200p, fingers crossed.

[mrmomentumt] 23/5/2014 08:21

Yes trying to break 160p, but once it does though, should fly higher I think. And hopefully with a vengeance!

[robthebruce] 22/5/2014 17:02

All buys today. Seems to be stuck at 160p

[robthebruce] 20/5/2014 22:12

Yes. In the floatation document they state that they wish to start paying a dividend in 2014 and will try to allocate 10% of profits (operations permitting)

In 2013 profits were $69m. If this increases by a conservative 10% then this year there should be a profit of $76m. Ten percent of this would be $7.6m shared between 350m shares gives 2.17 cents or 1.29 pence putting the shares on a yield of 0.8 at current share price Not especially high income, but a very solid start with growth potential likely to attract long term holders.

[catsneck2] 20/5/2014 19:19

Didn't realise a divi was on the cards this year, that's good.

[robthebruce] 20/5/2014 15:01

Yes, good growth prospects, low valuation, promise of a dividend this year. A well kept secret.

[catsneck2] 20/5/2014 13:41

Certainly looks like one of the better recent ipo's.

[dgwinterbottom] 19/5/2014 14:26

Thanks for that will take another look!!

[tradermel] 19/5/2014 08:10

Interesting bit of movement this morning.

[robthebruce] 19/5/2014 08:03

Dgwinterbottom

Hi, rolo is correct. I believe the major shareholders held 51% after the float took place which is why there is some kind of special agreement giving the bod some independence to act as they see fit. Again, I believe you will find it somewhere in the same document.

[rolo7] 19/5/2014 07:53

those figures are before share ipo listing