janebolacha
08 Jul 2015
North Sea contract is with ConocoPhillips [link]
janebolacha
03 Jul 2015
Nice article in "Rigzone" [link]
smilingmickey1
07 May 2015
Re: GMS "overweight" recommendation The recent update suggest new builds are on schedule.[link] no reason why we should not see good growth of revenue and profits.
janebolacha
24 Apr 2015
Unveiling of new vessel in Abu Dhabi [link]
janebolacha
20 Apr 2015
Dual listing on Abu Dhabi exchange? [link]
smilingmickey1
10 Apr 2015
Re: Latest Results The annual report is now available to view.A back of the envelope calculation suggests to me that sales revenue could rise by around $40 million (plus 20%) in 2015 compared with 2014. I'm not sure how that would translate to the bottom line, but one could envisage more than that in the EPS and probably a significant divi increase.
wastamoney
24 Mar 2015
Latest Results Looking positive!Financial Highlights · Revenue increased by 7% to US$ 196.6 million (2013: US$ 184.3 million). · Robust cash flows generated from operations, adjusted EBITDA of US$ 124.8 million (2013: US$ 124.7 million).· Adjusted EBITDA margin of 64% (2013: 68%). · Adjusted net profit (excluding IPO costs) up by 13% to US$ 81.3 million for 2014 (2013: US$ 71.9 million). · Adjusted diluted earnings per share increased in the year to 23.71 cents (2013: 23.56 cents)· Final dividend for the year proposed of 1.06 pence (1.64 cents) per share taking total 2014 dividend payments to 1.47 pence (2.33 cents). · Successful IPO in March 2014 raised primary gross proceeds of approximately US$ 111.0 million.
smilingmickey1
20 Mar 2015
Re: Results due on Tuesday Seem like the significant move may have been today. Not much volume. Maybe there's a shortage of stock? More of the same on Monday?
smilingmickey1
20 Mar 2015
Results due on Tuesday Given that the rigs are all currently contracted and the Co says that day rates being negotiated for new contracts are "in line" I'm hoping the results will be good. Interesting to see what the divi is and if they are slowing their building program at all.The share price has been static for a while. Maybe Tuesday will be the time when there is a significant move. I'm hoping upwards!
janebolacha
01 Mar 2015
Reminder from November 2014 [link]
II Editor
28 Jan 2015
NEW ARTICLE: Trends and Targets for 29/01/2015 "GULF MARINE (LSE:GMS) has experienced a premature rise in its share price with a very odd set of circumstances. We've been cheerfully waiting for the price to CLOSE a session above 104p as this would break a glass ceiling which has formed in ..."[link]
smilingmickey1
28 Jan 2015
New contract I've been waiting with baited breath for an announcement regarding the contracting of this large rig. The existing contract has been due to expire in Q1 2015.As far as I can see all current rigs are now contracted out, and the next one off the production line is also.Share price is up nicely today.
smilingmickey1
29 Dec 2014
Re: Re: I've been reading the prospectus issued at the time of flotation.It says that following the downturn in demand for its rigs in 2010/2011 it has rebalanced it's business and its contracts have been rebalanced to a higher proportion of Operational rather than E & P business. Much of the business is in shallow water offshore in the Middle East so one might presume that oil will continue to be pumped, despite the drop in the oil price. Thus the rig utilisation might be less affected than the market might think, given the expected downturn in E& P expenditure. Certainly the current rig hire order book looks strong and the Company has been announcing a string of contract renewals/wins since the flotation including 2 new vessels who start with long term contracts as soon as construction is completed.The flotation price for these shares was £1.35 so we are some way south of there. I think we will see some good profit numbers for 2014, and a maiden divi (advised to expect payout to amount to 10% of the net profit, which could be up to 2p/share.It seems an attractive long term entry point to me.
lambrini girl
15 Dec 2014
Re: Re: target 50
wastamoney
28 Nov 2014
Re: Re: Yes I did see that production wasn't going to be cut, although I guess the market is factoring for cut at some point.Like you I waited and topped up this afternoon at £1.14. I intend to hold for a couple of years and hope for some significant capital growth.
