Gulf Marine Services Share Discussion Threads

[richtea2517] 01/11/2023 08:15

Should break through 12 today

[wigwammer] 01/11/2023 07:41

Contracts, increasing demand and improved rates... "These new contracts on improved day rates reflect positively in a market where GMS remains well positioned to capitalise on increasing regional demand for Liftboats".

[volsung] 12/10/2023 16:36

Blue sky to 30p?

[hpcg] 04/10/2023 16:55

Every stock price is driven by supply and demand on a moment by moment, day by day basis. Over a long period though prices trend with fundamental factors, within which I include macro, long term interest rates and so on and so forth. When money is coming out of the market it will still tend to concentrate in the best opportunities just as it does when money is flowing into the market. Indeed potentially more so.

[wigwammer] 04/10/2023 15:53

What a silly post. It has been entirely possible for people who bought below 5p to exit - partially or in full - above 10p. A 100%+ return in the space of a few short months. The only moral is - it is profitable to think independently rather than follow groupthink (and some people will simply never accept they are wrong).

[gen_romer] 04/10/2023 13:53

And its down to single digit handle.Moral of the story-this stock is not about day rates or debt reduction which is well publicized,its simply function of supply/demand of the shares on any given day.The only exit for everyone is for this to be acquired by someone who wants more than few million shares.

[gen_romer] 02/10/2023 11:16

valid point

[trident5] 29/9/2023 19:00

Just a week to get from 11 to 12. And 2 hours from 12 to 11.

[hpcg] 29/9/2023 11:32

In the future they'll use this chart as a classic for technical analysis.

[blusteradjuster] 29/9/2023 11:05

Just a week to get from 11 to 12.

[volsung] 25/9/2023 08:31

Bought a few
Look interesting

[nchanning] 24/9/2023 08:46

The story works with day rates as they are at 30k a day GMS will still be able to deleverage and create a lot of value . But in the last cycle day rates were 60k a day , and the extra revenue would pretty much go straight to the bottom line . That's how to get all the way back to book value in a hurry ...

[hpcg] 22/9/2023 16:28

And we have an 11 handle on bid and offer. The takeaway Kuppy had from Pareto is that suppliers have committed to no more large scale capex. Should that be the case then there are years of profitable business to come throughout the service industry. I don't see the buying stopping any time soon, though I think we'll see decent turnover of shares as longer term holders cash out at even and shorter term holders make a turn. The people buying now are looking for a double minimum, but it isn't difficult to see how people buying then would also be looking for a 2x.

[hpcg] 21/9/2023 09:34

catsick - thanks for that item. I did wonder if the coincidence of the frantic buying and the Pareto Energy Conference was causal. There are a lot of deep pocketed go-anywhere value investor sniffing for opportunities in the sector and they are likely driving the price action here.

Prosafe rates are more likely following deep water drilling activity and thus correlate with the rates the likes of VAL and RIG are getting. Ours are self propelled jack-ups necessarily for shallower water. It is activity in the UAE and Qatar regions of the Gulf that are more important to us. The new large wind farms offshore Germany will help too.

[catsick] 21/9/2023 04:32

Interesting presentation on prosafes website, pareto are hosting a sector conference and prosafe presented yesterday, they are similar to gms in that they have a fleet of service rigs, although they have larger severe weather rigs, they have been also hit very hard with low utilisation and day rates, however the market is tightening fast and they are seeing their class of service rigs seeing renewals at 85% higher rates now as well as much tighter markets going forward ....

[loglorry1] 20/9/2023 09:41

UK inflation data helping - may cause a pause by fed. Interest costs a very big deal for GMS.

[catsick] 20/9/2023 09:28

Seems like very large volumes going through, I wonder if this is more than just a re-rate , interesting to see if we get more news of new charters or is someone building a big stake ?

[hpcg] 18/9/2023 17:11

Very nice action into the close. I note that mergers are starting to happen in the offshore support and upstream space. Pretty relentless trading well above 10p in decent lot sizes. 8 million shares traded today, which when you consider the top end volume months of January and July came in at 40m shows a lot of interest. Possibly something brewing? Or perhaps a value investor is getting involved? With a billion shares out that is less than 1% of the outstanding. Anyone wanting to build a stake of substance is going to have to work a lot harder.

[lomcovaks] 18/9/2023 16:32

Unfortunately I had to sell this morning as needed some cash to pay a bill but more than happy to take the profit from my purchase at 6p.
Good luck to all holders. I'll be back in if there's a pull-back.

[catsick] 18/9/2023 14:39

The pressure for this pop has been brewing for a while ....

[richtea2517] 18/9/2023 13:15

I'm holding for nowNice profit but always sell too early Happy with 20p then I'm out I think : )

[xxx] 18/9/2023 10:11

Happy holder, the market is coming around to the co's attractions.
[see post 1642]

[Though did start buying at ? 28p from memory !]

[nchanning] 18/9/2023 10:09

There is an inevitably in day rates increasing as GMS are still working off contracts signed in the nadir of 2020/1 . If you look at the offshore drilling rig count in the Middle East it has reached full utilisation of every marketed rig , and surely the support boat market is following suit . When this floated it was making 150 million EBITDA, every chance of getting there again , and as the debt is paid down , the huge interest savings start flowing to equity