Gulf Marine Services Takeover Rumours (GMS)

Agree with this completely. Failed takeover from Seafox, who (from what I've heard) then ahd THEIR shareholders disagree over how they should handle their stake. In the absence of reaching a consensus, Seafox decided (quite smartly IMO) to distribute the shares in specie to allow their individuals to then decide. Clever politics, and unsurprising that some of the individual investors in Seafox want just to cash in. I'm led to believe that these people are Middle Eastern large family offices, some royal families etc etc, so this is just chump change to them. I can't see more than another 5m at this price available, so overhang should be cleared soon!