smilingmickey1
10 Jan 2017
Re: Rerating? Thanks for the comments guys.I doubled my stake yesterday. Should really have reinvested a while ago, but the penny only dropped with me after the new year. Hoping for more than a pound and maybe a much increased divi.I own some shares in Ithaca Oil, which has been rerating for a while following drop in share price caused by low oil price and heavy indebtedness, as they funded investment in new production.. Awaiting news there that they will be starting up new production of oil, which if successfully implemented will turn the Company into a cash cow (providing no oil price collapse) and swiftly pay off its rather large debt.Both Companies share price yet to recover to pre oil crash levelsSame principle!Fingers crossedSM
onewayticket
09 Jan 2017
Re: Rerating? It does seem to be re-rating.One of several of my eye spies for the weeks, months and year ahead and long may it continue.Own due diligence
bamboozled
06 Jan 2017
Re: Rerating? I agree ,SM1, bought a small tranche @57.5p a few days ago. Beginning to pick up,I wouldn't be surprised to see it rerate to 80s or 90s again reasonably soon.I will probably buy more on any weakness so long as it is not bad news!
smilingmickey1
06 Jan 2017
Rerating? I've dipped my toe into GMS in a small way.GMS have now more or less completed their program of expanding of their fleet so Capex going forwards will be substantially lower in 2017.GMS have reported a gradually improving outlook in demand for their rigs so hopefully we can look forward to announcements of more hiring agreements and (maybe) an uptick in the daily hiring rates.GMS could become a bit of a cash cow as the significant debt they have taken on is reduced by strong positive ON a PE ratio basis GMS has a very low rating brought on probably by concerns of it being a viable business, when contracts started to dry up and concern ability of keeping up the debt payments was on the horizon. There should be considerable scope for a rerating as the debt goes down and the operting cost of the business is reduced.
flipdalid
16 Aug 2016
RNS: Contract Update 16 August 2016GULF MARINE SERVICES PLCContract UpdateGulf Marine Services (LSE:GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, reports that a notice of early termination has been received for a Mid-Size Class SESV supporting well services for a national oil company in the MENA region. The vessel is expected to come off charter in early Q4 2016.The Group's Interim Results for the six months ended 30 June 2016 will be released on 31 August 2016.
flipdalid
10 Aug 2016
New Contract Award for a Mid-Size Class Vessel New Contract Award for a Mid-Size Class Vessel RNS Number : 3322GGulf Marine Services PLC05 August 2016 GULF MARINE SERVICES PLC("Gulf Marine Services", "GMS", "the Company" or "the Group"
New Contract Award for a Mid-Size Class Vessel Gulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, is pleased to announce a new contract award for one of its Mid-Size Class vessels.The contract, scheduled to commence immediately, is for 12 months including options, with the vessel supporting a MENA-based national oil company (NOC). Contract Extension ConfirmedIn addition, a contract extension has been confirmed for one of the Group's Small Class vessels chartered to a different MENA-based NOC. The extended period, which has already commenced, is for 12 months, with a further one-year option period remaining. Duncan Anderson, Chief Executive Officer at GMS, said: "In the current challenging market conditions our state-of-the-art SESVs continue to offer the most cost-efficient offshore solutions for our clients seeking to extract maximum value from their assets while minimising costs. We are very pleased that our strong client relationships, leading operational expertise and flexibility have enabled us to secure a new contract and a contract extension for two of our vessels."
flipdalid
22 Jul 2016
Re: not done yet... More likely a fund manager.Even a buy of 1m shares at 14.51 today (not me!) cannot get this moving upwards, held down for now. I've topped up, and will do so again if falls further.Management need to convince that they have slashed costs when they announce interims on 31/8.
smilingmickey1
20 Jul 2016
Re: not done yet... Well the original owners hold the majority of the shares. I can't imagine they will be wanting to sell out in the current circumstances when the market cap is so low.
flipdalid
20 Jul 2016
still not done yet... Today's trading: buys 99% sells 1% but sp stll falls 3%Whoever is accumulating here will be looking for a piece of good news as a catalyst to drive this sp up dramatically. A new contract win would fit the bill.
flipdalid
19 Jul 2016
Re: not done yet... ..but your comments from last Friday are all valid.
flipdalid
19 Jul 2016
Re: not done yet... Strictly between you and me, Mickey, this company will be taken over this autumn. It just needs the oil price to look like regaining $60 per barrel and then...swoop.
smilingmickey1
15 Jul 2016
Re: not done yet... This Company has a high debt level and has recently exceeded (with agreement of its financiers) its debt ceiling. It's not clear by how much it's contract prices for rig hire have reduced.
flipdalid
14 Jul 2016
not done yet... 361,853 shares sold at 3.27/3.28pm today for £119,411. Not until this institution has finished its sell-down can a recovery begin, the hard bit is knowing how many more shares they have to offload and so what the best entry-point will be. I'm hoping around the current level!
flipdalid
13 Jul 2016
stuck at 34p? I am presuming there is an institutional holder currently selling down here, as there is buying volume but no movement. Once this selling is completed I am expecting a re-rating upwards.Could be a great entry point.
Twistednik
05 Jul 2016
Re: AGM Report Thanks Contrariwise - what's your opinion on the latest announcement ?
