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Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Marine Services Plc LSE:GMS London Ordinary Share GB00BJVWTM27 ORD 10P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.26 -3.58% 7.00 1,373,937 16:29:45
Bid Price Offer Price High Price Low Price Open Price
6.70 7.30 7.20 6.20 7.20
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Aerospace & Defence 108.72 -81.77 -24.48 25
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:08 O 25,000 7.00 GBX

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Date Time Title Posts
03/12/202023:08Gulf Marine Services plc1,523
14/10/201615:51gold mines of sardinia1
28/4/200922:09GOLD MINES OF SARDINIA - Agreement Finalised19

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DateSubject
05/12/2020
08:20
Gulf Marine Services Daily Update: Gulf Marine Services Plc is listed in the Aerospace & Defence sector of the London Stock Exchange with ticker GMS. The last closing price for Gulf Marine Services was 7.26p.
Gulf Marine Services Plc has a 4 week average price of 5p and a 12 week average price of 5p.
The 1 year high share price is 17p while the 1 year low share price is currently 2.10p.
There are currently 350,487,787 shares in issue and the average daily traded volume is 309,430 shares. The market capitalisation of Gulf Marine Services Plc is £24,534,145.09.
08/10/2020
17:56
scepticalinvestor: Not a holder but this is becoming hilariousSeafox response:08-10-2020RESPONSE TO STATEMENT BY GULF MARINE SERVICES PLCPRESS RELEASEFOR IMMEDIATE RELEASE8th October 2020 Seafox International Limited ("Seafox")Response to Statement by Gulf Marine Services PLC ("GMS" and the "Company") Seafox, the largest shareholder in GMS, notes the 8th October 2020 announcement by the board of GMS. It is our opinion that the statement is both misleading and consistent with a board that is acting in an alarming manner. The announcement comes from board members that in our opinion lost legitimacy since 30th June 2020 when the majority of shareholders voted down most of the resolutions put for approval at the GMS AGM, including voting against the remuneration of certain board members and the appointment of two of the current GMS board members that were voted down yet re-instated within 1 hour from the conclusion of the AGM. We are making this announcement to further inform the market of the background as to the Seafox GMS Directors resignations and the suggested GMS board changes.Seafox believe that the suggested capital increase needed full shareholder support through consultation and potential underwriting/commitment as the Company is trying to raise significant capital in relation to its current market capitalisation. This as far as we are aware did not happen. There is no aborted process it is only a board that is currently seeking to limit its own personal liability. Such an important bank deal should have been put forward to a shareholder's vote given the need for warrants or capital which is a shareholder matter. The capital raise process should have started a long time ago and not subject the Company to such a major risk by limiting the capital increase to a tight window. The capital increase process was stopped by a board meeting not attended by Mr Heikal and Mr Halbouny as they were not invited. In this context it is important to note that neither Mr Heikal nor Mr Halbouny voted against any capital increase process. Seafox is not aware of any real effort to raise capital, including without limitation, wall crossing shareholders or new investors. The company did not provide any detail in that respect.Seafox believe that the current board members do not understand the basic concept of a shareholding company, let alone a listed UK PLC, namely that the company has shareholders! Shareholders who have invested capital, time and effort. Shareholders that voted down multiple resolutions and as far as we are concerned, we will protect the best interest of the company, its shareholders and all stakeholders.Seafox suggested independent board members that have no affiliation whatsoever with Seafox, we are trying to bring best in class expertise, independence and proper governance to the board in the context of a company that predominantly operates in the Arab world and listed in the UK.Seafox is avoiding being dragged into continuously having to respond to bewildering statements.In summary, it is our belief that the new board if elected will have a better chance to raise capital including from existing shareholders and that the board changes we have proposed will be conducive to such efforts. It is our intent to try and support the new board if elected by vote and capital and we believe that the existing board has failed in its primary responsibility to act in the best interest of the Company.
10/6/2020
06:50
paraguay: News out today, re-scheduled debt, but also indication of fund raising thru new share issue. Not sure what impact this will have on share price inclined to think these will drift down again
06/6/2020
15:26
mcrudden: They can offer a bid within 6 months it was in the rns 28th of may. See below For the purposes of Rule 2.8 of the Code, Seafox, and any person(s) acting in concert with it, reserve the right to make or participate in an offer or possible offer for GMS (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within 6 months of the date of this announcement:
06/6/2020
12:45
sibeks: Maybe there's a loophole 6 months is a long time for Seafox to have that much invested So I think the price will slowly edge to 22p a share
04/6/2020
12:44
mcrudden: This bit you mean, I read that as they reserve the right to make an offer within 6 months and. It they cannot make an offer for 6 months. Further to Seafox's announcement on 30 April 2020 regarding a possible offer for GMS, after careful consideration, Seafox confirms that it does not intend to make an offer for GMS pursuant to Rule 2.7 of the Code.For the purposes of Rule 2.8 of the Code, Seafox, and any person(s) acting in concert with it, reserve the right to make or participate in an offer or possible offer for GMS (and/or take any other action which would otherwise be restricted under Rule 2.8 of the Code) within 6 months of the date of this announcement:
04/6/2020
07:58
baddeal: Further offer barred for 6 months unless another party comes in.Imho seafox used the offer to pick up a big equity holding knowing they probably wouldn't get control. Fact that they picked up huge slug this week above their original offer price shows how opportunistic they were trying to be and why existing shareholders can't trust them.Where it goes from here is difficult. Business is massively over leveraged and needs to regear balance sheet through a debt/equity swap or huge equity injection. That will reduce interest costs and improve fcf.Would normally expect existing equity holders go get wiped out here but clearly seafox think they can hold some sway over this and come out favourable otherwise why pick up 26 %?
05/5/2020
16:06
richtea2517: I felt the GMS RNS on Monday was very good. Just my view.
05/5/2020
15:38
colin12345678: https://uk.advfn.com/stock-market/london/gulf-marine-services-GMS/share-news/Seafox-International-Limited-Seafox-Further-Statem/82381087
02/12/2017
01:36
seangwhite: All we need to put a dampner on the GMS share price is Trump saying he believes OPEC is now to deal with just him going forward.This he hopes will finally get what his core voters want: Big cars, Low gas prices,Super-sized fries,& constantly refilled drinks,With all that the wall be forgotten.
10/4/2017
08:50
mick: This morning's news about two decent contracts should further underpin the gradual recovery in GMS share price.
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