Gulf Marine Services Share Discussion Threads

[wigwammer] 26/2/2024 08:11

Oh bejeezus. Gen romer has turned bullish. Now that's a worry.

[gen_romer] 23/2/2024 15:14

Jinxed it, thanks!

[premium beeks] 15/2/2024 16:39

Nicely back in to the uptrend.A long way to go with this one yet.

[hpcg] 10/2/2024 15:52

From HL:

1 week 6.77%
1 month 16.44%
3 months 39.92%
6 months 115.53%
1 year 275.14%
2 years 191.11%
3 years 144.37%
5 years -21.14%

The biggest mistake investors have made in the last 12 months has been to sell shares rather than buy more. The biggest mistake they made 5 years ago was holding on after the (month long) recovery from 10p -> 22p stalled out.

A little easter egg, a near 45 year old jack up has just completed its latest job of the UAE:

[richtea2517] 08/2/2024 20:33

That's ok.I've learnt to take my share of the pie and move on. Good luck to new holders.

[hpcg] 08/2/2024 18:07

IMO by the time this gets to 25p you'll be selling to people who can see 45p 12-18 months out.

[richtea2517] 08/2/2024 18:05

What a beauty Although I am gonna sell at 25 That's the discipline as De Niro says in Heat : )

[premium beeks] 08/2/2024 17:55

I know this has come a long way in the last year, however I reckon many have taken profits who wanted to do so, and we've had a transfer of shares to those wanting a return from the 16p/17p level.

[hpcg] 08/2/2024 17:53

Very strong. Can see 'panic selling' around macro noise when bidders ease off the pressure, but ultimately investors just want to buy.

[premium beeks] 08/2/2024 16:26

Another very strong finish today.

[premium beeks] 07/2/2024 16:49

Very strong finish today.

[premium beeks] 07/2/2024 10:30

Chart certainly intact now, the spike down now insignificant and seen for the anomaly it was.

[jimbomorry] 26/1/2024 17:19

Totally. Steady as she goes. Long term hold for me. Very rare for me I got in quite low at 8p on a great company with now good fundamentals. Don't want the journey to end. This my biggest hold and Im so glad. Next one is Cmet but waiting for news to drop is a long wait.

[hpcg] 26/1/2024 16:53

Another very satisfactory week. 17p sellers are gradually running out of stock with the panic sellers on the "dip" into the 16s already exhausted. I don't know about you guys, but a penny a week suits me just fine :).

[jimbomorry] 25/1/2024 16:13

Agree. Think when you've a great company like this on the comeback trail and possibly with a divi before too long as well, a good return already plus great potential.

[hpcg] 25/1/2024 14:25

I'll keep adding spread bets through the year. Firstly I need to increase the equity in the bag on that account, and I would like to see the margin cost come down on longer contracts, which I prefer on long term holdings as it reduces roll cost. Though the bid-offer spread here is actually pretty kind in that regard. What is critically important to me when holding is that I would be a keen buyer and at this price with an 23 month outlook the answer to that question is a trivial yes.

[jimbomorry] 25/1/2024 13:24

Thanks for sharing hpcg. Very interesting and significantly undervalued. Greatly undervalued for a longer term investment. I just added some more I was keeping back for cmet, but news there seems to be so slow.

[hpcg] 25/1/2024 12:36

I have a new NAV based share price target for end 2026 of 46p. WEeshould see some more impairment write backs that cancel out depreciation and significant (to say the least) debt repayments. That is using, for simplicity as much as anything, the current 13.58% discount rate used by the company. That is a reasonable/conservative 1xNAV. I don't think the 2023 accounts will change impairment. Contract rates are up, but so are interest rates, but cost of capital has not gone up as much as the financial stability of the company has improved.

Impairments to be reversed amount to a net of approx $119mn and depreciation is approx $25mn per year so I think there is scope for these to cancel each other out.

[jimbomorry] 25/1/2024 11:41

Cheers hpcg. Makes total sense. Could be top up time.

[hpcg] 25/1/2024 11:18

jimbomorry - we are well clear of any resistance: the 14.5p top tick in May 2020, and the 15.6 peak in August 2019. Next band of resistance is the rather broad 24-34p range from the second half of 2018. After that the 50p highs from 2017. That is looking too far ahead though, and resistance from years back has less relevance even though there will still be holders from those periods. Far more important are the fundamentals.

[papillon] 24/1/2024 21:29

free stock charts from uk.advfn.com


GMS log chart showing EMA's. This chart turned strongly bullish last summer.

[premium beeks] 24/1/2024 21:04

Look to be buys to me when comparing the late trades against the indicative proce earlier in the day, can't tell 100% though.

The transfer of shares to the patient continues.

[jimbomorry] 24/1/2024 19:43

Lots of big trades late on. Unsure if they're buys or sells.

Wonder if this will power straight through resistance of June 2020.

[wigwammer] 24/1/2024 09:01

At that time, many of the posters here were bearish, and quite vocal about it too. I sort of understand their reluctance to reappear now the shares are 200%+ up.

[hpcg] 23/1/2024 14:45

I'm a little astonished at the lack of activity here still. I expected interest to really kick in at 9p after the breakout from the 8p consolidation but still not much interest. It was much busier around the time of the PIK vs warrants decision.