Gulf Marine Services Share Discussion Threads

[richtea2517] 23/1/2024 14:31

A sensible thread - like hen's teeth : )

[premium beeks] 23/1/2024 14:25

Jim - the company told us last week all we needed to know about direction, just needs some patience. I can't think of too many more tasty prospects out there to make money.

[hpcg] 23/1/2024 14:22

We'll probably see a lot of round number selling. At 18p people will lighten up on their 2 bagger, 20p, 25p 30p. There is always resistance at the penny boundary as limit sells kick in, then a bit of panic selling as the bid drops on that supply. It gets absorbed, rinse and repeat. My exit will be a function of price, time, prospects and something better to do with the money. I not envisaging any such condition being met this year.

[jimbomorry] 23/1/2024 14:02

Significant resistance around 17p. Wonder if it might consolidate for a bit, if not pullback, before pressing on.

[premium beeks] 23/1/2024 13:56

Richtea - company looks to be moving in to a new profitable era. Yes it's come a long way however the journey still looks positive to me.

[richtea2517] 23/1/2024 13:51

Decision now is when to get out. Learnt to be calm when something is moving nicely in your favour. Tenuously have 25p as my sell target which equates to a very healthy profit. Mand happy to exit then and move on.

[wigwammer] 23/1/2024 13:46

More risky prospects back then, but also traded at one third of the valuation. Personally, I'm pleased I loaded up at 5p rather than 15p. ATB

[premium beeks] 23/1/2024 12:40

Certainly going for it now.

[premium beeks] 22/1/2024 12:44

Shares transferring to new holders at a higher baseline is not a bad thing. Helps to underpin the price.

[baddeal] 22/1/2024 11:24

Even though prospects are good I'm not adding more as have large holding from rescue rights so planning to sit tight and watch that appreciate

[hpcg] 22/1/2024 10:41

I wonder how many PIs are averaging up like we are, versus ¨derisking" and ¨playing with the houses money¨? This now has to be one of the most signposted stocks I have ever come across. I aḿ talking about now, with the forward guidance just issued, based on contracted work, not the more risky prospects of the last year or two.

[premium beeks] 22/1/2024 08:27

Strong finish on Friday and strong start today.

[premium beeks] 18/1/2024 18:04

Seemed to perk up after lunch which fits with your US buyer narrative.Certainly could see 20p in short order here, although happy with a slow grind upwards as it's done for the near past.

[hpcg] 18/1/2024 16:44

16p paid this afternoon

[bmw30csl] 17/1/2024 21:32

With net debt to ebitda at 2.5 (mid point of guidance) end 2024 the balance sheet is then sustaunable. As such an ev/ebitda multiple of 6-7 is much more likely. That would give an EV of $590mn less net debt of $250mn giving a m cap of $340mn versus today's figure of $180mn. Some dilution from warrants to figure in but with that much to go for they don't matter much. 30p is very achievable after this update. Once average pricing really starts to tick up it could go mad as most of the increase drops through to ebitda.

[hpcg] 17/1/2024 17:04

Bid offer close 15.7-15.85 with continuous upward pressure in the afternoon.

[hpcg] 17/1/2024 16:39

Ignore the spike down, it is very misleading to the chart IMO. Just look at the yanks buying the prognosis and the breakout. The trading update is real information from which we can model debt repayments, the selling on Monday was noise. Noise some of us can be very thankful for, but noise none the less.

I haven't updated my model yet, no need as it is trivial to understand the trajectory of financial figures in a gross sense.

[richtea2517] 17/1/2024 14:03

Bullish bounce back that

[premium beeks] 17/1/2024 08:05

Bought more this morning

[hpcg] 17/1/2024 07:33

No wonder the company didn´t react to the erroneous* spike down with this in their back pocket. Guidance 2 years out as well. This will drift up to 28-32p over the next year, perhaps further and faster.

*The trades on Monday were clearly triggered by something that wasn´t portfolio management. I find the proposition of mistaken identity on a sanction to be convincing; one absolutely would unload everything at any price.

[catsick] 17/1/2024 07:09

Yes update to basically indicate the share fall is nonsense, shame to miss out on those cheap shares at 12.5

[premium beeks] 17/1/2024 07:04

Nice update!

[bmw30csl] 16/1/2024 11:02

Fair play to those who bought some cheap. All too often with these companies a drop becomes self fulfilling!

[hpcg] 16/1/2024 09:49

Me too. I've recently sold a couple of issues into new year tips, so had cash waiting, and also plenty of spreadbet capacity after a good last quarter. Fair play to those who bought the 12 handle yesterday evening but mid 13s is good enough for me.

[premium beeks] 16/1/2024 08:49

Bought more today.