Gulf Marine Services Share Discussion Threads

[stevenlondon3] 16/1/2024 08:19

Suspect there is a large seller who wants turnover in order to reduce its holding.

[hpcg] 15/1/2024 17:52

This is why I never use automatic stops on investment position outside of known events. I should imagine the price will rebound substantially, probably not all the way, and those stopped out will be cursing. Speed of the rebound will depend on if the company releases an RNS and what it says. As the company probably can't speculate on reasons why people choose to sell it would have to be a vanilla "know no reason", and some investors are for whatever reason reluctant to take those at face value.

[hpcg] 15/1/2024 17:33

I do believe the poster Mr Mattau on London South East has the answer:



I'll be buying tomorrow at the open if the price is anywhere near to the close. I did look for anything happening with respect to the GMS listed in the US, but it was always a long shot with the market closed today and it being in building materials. I find it unbelievable that people can have money in the stock market and not even know the name of the company they invest in.

GMS vessels never go over the median line into Iranian waters. I mean, almost everyone apart from Iranian vessels won't stray over the median line.

[richtea2517] 15/1/2024 17:16

Maybe a random shake to panic PI's I'm sitting tight

[hpcg] 15/1/2024 17:15

Just checked the fleet. The only one that hasn't reported its position in the last 15 minutes is the Kamikaze, though the rig next to it hasn't reported for 5 hours that's pretty meaningless.

[wjccghcc] 15/1/2024 17:02

Seems a bit odd. Apart from the one in Amsterdam, all of their vessels appear to be in the gulf and not near Yemen.

[hpcg] 15/1/2024 16:54

I can't find anything. I presumed from the timing it was the story about a missile hitting an American owned ship in the Red Sea. 15:47 seems to be the time stamp.

[baddeal] 15/1/2024 16:50

Suspect we'll find out tomorrow

[jaknife] 15/1/2024 16:31

What have I missed that's prompted all this selling?

[hpcg] 08/1/2024 10:04

Gulf Cooperation Council

[jimbomorry] 08/1/2024 08:52

Contract extension and a new contract. More earnings. What's the GCC acronym?

[wigwammer] 08/1/2024 07:34

Another supportive RNS...

[hpcg] 29/12/2023 00:12

wigwammer - the shareprice went down for a long time and people were adding and holding all the time. There will be people that bought at 15p way back when, put them in the bottom drawer and are now happy to exit flat. There are so many PIs that will never sell a losing share. I'm not saying this is a lot of shares, but it will be some trades. There'll be people that bought at 60p still holding, there'll be people that bought at 100p still holding. There was decent volume in the last rise to 14.5p in 2019.

[wigwammer] 28/12/2023 16:22

"Stale bulls"??!!.... What are you on about, man? The bulls have seen a 200% rise over the last 12 months and should be congratulated for their foresight. ATB

[jimbomorry] 28/12/2023 11:18

Definitely buying more on next dip. It's a nice change for me to be in a company that's got on top of its debt and is making money, plus instis buying in too. I'm holding for long term. Wonder if we'll see a divi in next couple of years.

[hpcg] 28/12/2023 10:46

I wouldn't be hugely surprised if we see a 13 handle again. There will be profit taking, and stale bulls exiting all the way up. There will be those halving their holding on a 1 bagger. Then (some) recent buyers close as they worry about having hit the top, despite the reason for buying in the first place being the closing of the gap to TNAV.

As with every pull back though it would be an opportunity for recent buyers to add. This consolidation and share turnover is extremely helpful to the structure of the shareholder base and it is why pull-backs are muted. My target for the end of 2024 is 32p, but it won't be a straight line up.

[jimbomorry] 27/12/2023 16:17

17p soon enough.

[richtea2517] 27/12/2023 13:34

Looks like 16 p by end of December lol

[hpcg] 21/12/2023 11:47

Per what I wrote on the SHA thread in the summer, I expect 16p end Q1 2024 and 25-30p end 2024.

[richtea2517] 20/12/2023 08:40

Love this uptrend

[exbroker] 18/12/2023 14:26

miti1000
Will do need to make a call and do some work first

[jimbomorry] 16/12/2023 23:12

Massive buys. Is that the instis buying in.

[miti 1000] 15/12/2023 12:39

Hi Exbroker,

Well done for being in so long . Brilliant.
I've just been in for the usual play. Peanuts for me!!

Btw, I posted a question for you on the DX board where I'm heavily long. Just trying to figure out what the arbs are doing. Its the same normal ones, Samson and Sandgrove .Share your thought for me if you get a chance. TIA.