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GMS Gulf Marine Services Plc

-0.25 (-1.45%)
Last Updated: 08:11:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Marine Services Plc LSE:GMS London Ordinary Share GB00BJVWTM27 ORD 2P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.25 -1.45% 16.95 116,461 08:11:00
Bid Price Offer Price High Price Low Price Open Price
16.85 17.05 17.00 16.75 17.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Ship Building And Repairing USD 151.6M USD 41.34M USD 0.0386 4.46 184.03M
Last Trade Time Trade Type Trade Size Trade Price Currency
08:07:40 O 1,169 17.015 GBX

Gulf Marine Services (GMS) Latest News

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Date Time Title Posts
15/7/202416:03Gulf Marine Services plc2,421
14/10/201616:51gold mines of sardinia1
28/4/200923:09GOLD MINES OF SARDINIA - Agreement Finalised19

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Gulf Marine Services (GMS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Gulf Marine Services (GMS) Top Chat Posts

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Posted at 21/7/2024 09:20 by Gulf Marine Services Daily Update
Gulf Marine Services Plc is listed in the Ship Building And Repairing sector of the London Stock Exchange with ticker GMS. The last closing price for Gulf Marine Services was 17.20p.
Gulf Marine Services currently has 1,069,946,316 shares in issue. The market capitalisation of Gulf Marine Services is £183,495,793.
Gulf Marine Services has a price to earnings ratio (PE ratio) of 4.44.
This morning GMS shares opened at -
Posted at 15/7/2024 14:55 by davidosh
Join us for a jam-packed MelloMonday tonight from 5:00pm with Stockopedia favourites Paul Scott and Mark Simpson both joining us on the BASH when GMS will be one of the companies analysed. The programme for the evening is as follows:

5:00pm Interview with Investor and Ex-Schroders Fund Manager, Iain Staples
5:30pm Company presentation from TEAM plc
6:00pm Company presentation from Velocity Composites
6:30pm Trading update from Time Finance
6:45pm Educational Presentation
7:00pm Company presentation from Coral Products
7:40pm BASH (Buy, Avoid, Sell, Hold) Panel featuring Iain Staples, Paul Scott (GMS) and Mark Simpson (CAU)

For more information, click here:
There are lots of interesting sessions and all annual pass holders and individual ticket holders will be sent a recording of the show within 48 hours of registering. For half price tickets, use code MMSTOCKO50.
Posted at 08/7/2024 18:19 by elsa7878
Reckon it's warrant selling.

£180m market cap, $190 million debt. Editda with rising rates and falling interest payments of nearly $100 million pa.

If they hit their targets in 5 months the NAV will be 25p - share price 16p.

Crazy cheap.
Posted at 28/6/2024 14:28 by tourist2020
If I were the CFO I would have the following priorities for my cash generated:

1. Get debt to below $200 m or 2*EBITDA
2. Carry out any postponed maintenance/improvements to existing fleet
3. Share buybacks (at least while the share price has an Adjusted PE ratio of less than 8)
4. Purchase of additional vessels (always assuming that the comments about rising demand are true)
Posted at 28/6/2024 07:43 by blusteradjuster
Zeus announces that the Selling Shareholder has sold in total 51,136,347 Ordinary Shares (the "Placing Shares"), representing 4.8 per cent. of the issued share capital of GMS, and equating to c.$11 million. The Placing Shares were placed at a price of 17 pence per Placing Share and were sold to investors in a Placing managed by Zeus Capital Limited ("Zeus") who acted as sole bookrunner (the "Bookrunner") in connection with the Placing.

The trade date of the Placing is 28 June 2024 (the "Trade Date") and settlement of the Placing is expected to take place on 2 July 2024.
Posted at 27/6/2024 22:41 by hpcg
gen_romer - Zeus won't be on the phones to random people, they'll have been doing what a broker does and have a investors lined up for those Seafox shares. We'll see what the price turns out to be, it does say minimum 17p so there might be more demand and a Dutch auction. Maybe they can't sell the full $10mn who knows? We'll find out tomorrow. Yes I too would expect the share price to drop, but how far depends on sellers as well as buyers.
Stock turnover last 12 months was about 1/3 of the issue. It is difficult for any new investor to accumulate a position of any size. Ideally we'll see Seafox be able to work down to a much more comfortable position.

Edit - the largest trade today was well over half the daily volume at 20.475p at 16:05:40.
Posted at 27/6/2024 21:11 by gen_romer
There is no "decent demand";in fact there is "significant supply" from warrant conversion and as if that weren't enough,we have this supply from SF.Warrant conversion supply is months of overhang on the stock if anything.Share price going up in last few sessions means nothing.Brace for 15pct drop tomorrow!
Posted at 10/5/2024 21:14 by fruitninja84
I have traded it & I can honestly say I have made back the money I originally lost here when I bought into the ipo. I had great success with a share called Kentz between 2012/14. The oil services sector was very heated during this time & I got caught out on this one. Amazing how GMS began to plummet months before the price of oil crashed. There was no warnings in the trading statements / results. On the contrary. Just a falling share price. I am well researched here & know the story well. Debt levels now are close to what the company floated with , but day rates were higher back then as was the market cap of around 550M. I bought back in here at 9p but have been in & out a few times. Back In now at 21p & will target the recent high.
Posted at 30/4/2024 15:21 by hpcg
elsa - I don't think so. The KSA government announced plans in January, and jack up rig cancellations went out out, ha ha, on 1st April. Shelf Drilling was the most significantly hit. GMS platforms mainly work UAE and Qatar - you can see the vessel locations on the tracking website of you choice. The two new contract award notifications this year were post KSA announcements. They are not shrinking production, just not expanding it. This price behaviour has been seen every time the share price hits new highs. There is then a recovery, more dilly dallying circa the old high, and then eventually the price pulls clear again. My price target remains 28-32p at year end and 40p end 2025. The 50 day SMA is the supporting trend line.
Posted at 11/11/2023 11:15 by hpcg
xxx - I've not seen the report directly so I don't know. I've corrected the link - the closing bracket had become integrated. As I said, as at June, and I presume later, Praetorian Capital has no GMS holding. I mention them because many investors are familiar with Kuppy and his approach, and he has be vocal about offshore oil services. Their big holding in the space is Valaris.

The GMS share price really took off after an offshore conference in Sweden where more or less all the operators said they were not going to build any more kit. What people not familiar with the industry might not know is that the cyclicality is not caused directly by the oil price, but as a derivative of the oil price cycle. After a few years of strong oil prices service providers will have rebuilt their balance sheets and oil companies will sign up long term lucrative contracts to secure the equipment they need. At that point service providers draw a straight line upward pointing line on demand and choose to massively expand their fleets using debt. This leads to an horrific and long lasting trough when oil prices turn over and oil companies draw in their budgets. If no one falls into this trap, or for that matter financiers just aren't interested then there is nicely balanced supply and demand which is resulting in stable cash flows with good visibility. Rates should keep up with inflation, margins should be maintained which leads to wads of free cash to pay down debt and in 2-3 years make returns to shareholders.

Of course there is some far out longevity in terms of servicing offshore wind farms, but market dynamics there do not allow for boom-bust cycles so fleet sizes should very much remain balanced.
Posted at 19/7/2021 13:57 by mudbath
The Executive Chairman commented on June 30th 2021 :-

"The Company's performance is underpinned by positive market conditions, supporting utilisation, contracted activity...(all 13 vessels in our fleet are all under contract which is something we haven't seen since 2016 and is a very good indicator of an improving market. The 23-month contract award for the E-Class vessel was at rates significantly higher than we have seen in recent times and we would expect improvement in day rates to continue as the supply/demand dynamics improve in our favour)....the pipeline of opportunities and day rates. It is also supported by the actions taken by the Board to actively manage costs, improve operational efficiencies, and put in place an improved capital structure, which will benefit the Company's near and long-term prospects. Combined, this all serves to reset the GMS story, driving benefits for the Company, its employees, contractors, partners and investors."

Just how long will the GMS share price dally in this very low 3p arena ?
Gulf Marine Services share price data is direct from the London Stock Exchange

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