Gulf Marine Services Share Discussion Threads

[blueball] 18/2/2022 13:50

Once the utilisation rate gets to 100% thats where the fun begins.

[pauliewonder] 18/2/2022 13:38

Yes looking tasty today. Looks like they are in a sweetspot at the moment with their market. As long as utilisation rates and day rates stay high, then GMS should be very cash generative.

[richtea2517] 18/2/2022 08:48

Wants to breakout

[trident5] 17/2/2022 16:29

Only s small vessel - surprised it got an RNS.

[blueball] 17/2/2022 15:42

I expected a 5% rise on the positive RNS today.

[pauliewonder] 17/2/2022 14:24

Not much trading on what appears to be a good, albeit short RNS. Good to see secured utilisation for the year currently at 79% and that they are clearly getting higher margins through the increased dayrate levels.

[napoleon 14th] 17/2/2022 07:59

Good news.
Next results should read well.
LTBH & GLA.

[pauliewonder] 14/2/2022 18:43

Thanks for the response.

[trident5] 14/2/2022 10:33

Phew - good job they're not borrowing at investment grade rates then; otherwise we'd have a delta quantum imbalance.

[hpcg] 14/2/2022 09:12

GMS debt is high yield therefore proportionately changes in interest rates have less effect than for investment grade. 1% to 2% is a doubling of the interest burden whereas 10% to 11% is a more modest change even if for the same amount of debt the quantum of the delta is identical in both cases. GMS debt is less about interest rates and more about risk compensation for the potential loss of principal so making the company safer makes much more difference than any interest rate rise.

[pauliewonder] 13/2/2022 23:19

Does anyone know the likely impact of increasing interest rates is likely to have on GMS given that they have a lot of debt. I was wondering whether this will be offset by the firm using free cash flow to pay down debt (ie higher interest rate but on a smaller amount), in addition to the elevated day rates on renewed business?

[owenski] 13/2/2022 18:10

GMS at 1:00:00

[blueball] 13/2/2022 16:44

Throwing off huge amounts of cash according to Paul Scott which its using to pay debt high risk.

[blueball] 03/2/2022 11:43

High risk but potential turnaround.

Panmure Gordon has a 2022 Ebitda forecast of $75mn and profit after tax is forecast to be $34.1mn...that puts the company on a P/E of about 2.

Chart 2 GMS is close to breaking 6.5p.

[blueball] 02/2/2022 15:30

More Director buys this week.

[loglorry1] 30/1/2022 17:02

Worse case here seems to be banks will get 132m warrants at 6p = $8m. That's very little dilution really all things considered.

As long as the oil price stays strong and demand for the vessels stays high equity should get a lot stronger.

[trident5] 25/1/2022 13:24

c£11k?

[blueball] 25/1/2022 11:32

Director buy @6p.

[napoleon 14th] 24/1/2022 20:03

Good TU, so shares are down 13.5%!
Bum market today.

[melloteam] 24/1/2022 17:35

Just to let shareholders and prospective investors know that Trident Royalties plc and Entelechy Academy will be presenting at the Mello webinar event on Monday 24th January 2022 at 6.00pm - 9.30pm. Gulf Marine Services will also be featured in the BASH.

The programme is as follows:

6.00 pm Mello welcome and news
6.05 pm Peter Pereira Gray introduces Entelechy Academy
6.10 pm Company presentation by Entelechy Academy
6.30 pm Mello Bliss Share Competition
6.45 pm Company presentation by Trident Royalties
7.15 pm Steve Clapham highlights some more red flags in company accounts
7.35 pm Twitter panel – Twitter thoughts for investing in 2022
8.10 pm Mello BASH – Kevin Taylor, Mark Simpson and Richard Crow – Driver Group (DRV), Card Factory (CARD) & Gulf Marine Services (GMS)

There will be over 500 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions.
Tickets are still available and if you would like one at half price then enter the code MMTADVFN50.

[blueball] 24/1/2022 07:19

Trading update.

[pastybap] 19/1/2022 16:20

It wasn't even a real mid price. The pricing and bid-offer prices are all over the place with small caps and shares with wide spreads.

[napoleon 14th] 19/1/2022 13:24

It'll have to hold to be valid...

[blueball] 18/1/2022 12:00

6 month price break-out today.