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NEWSFLOW

Gulf Marine Services – CEO suspended, boardroom change all positive?...

2020-11-25 16:43:30

Following further news today, Gulf Marine Services (GMS) has now both appointed a new director to the board and suspended the CEO this week...

ARTICLE

Gulf Marine Services – shares soar on update from new board, But...

2020-11-11 11:58:49

An “Update from the board of directors” announcement from Gulf Marine Services (GMS) today… and the shares currently the largest riser of the day, at above 8.5p...

ARTICLE ARTICLE

Gulf Marine Services – following one set of General Meeting resolutions failing, another requisitioned...

2020-10-28 16:12:50

Yesterday on Gulf Marine Services (GMS), I noted shares further slump as General Meeting resolutions fail – including noting there is another General Meeting requisitioned by Seafox for boardroom change. Today a further “Shareholder Circular and Notice of General Meeting”...

ARTICLE

Gulf Marine Services – shares further slump as General Meeting resolutions fail...

2020-10-27 16:15:56

Gulf Marine Services (GMS) has updated that “at its general meeting held today, the resolutions put to shareholders both failed to pass… Of the 176,388,633 votes cast against the resolutions, 96.7 per cent. (170,575,984 votes) were voted in respect of shares beneficially owned by Seafox, Mazrui Investments LLC or Horizon Energy LLC”. The shares have currently responded further lower towards 7p...

ARTICLE

Gulf Marine Services – hits out in requisitioned General Meeting circular...

2020-10-13 17:26:00

Dispute with Seafox International has seen a General Meeting requisitioned for boardroom change at Gulf Marine Services (GMS) and now the publication of circular & notice of the General Meeting...

ARTICLE

Gulf Marine Services – Seafox International responds, bank crunch still looms?

2020-10-09 15:45:25

Yesterday I wrote on Gulf Marine Services (GMS) hits back at Seafox International, but bank crunch looms. Seafox has since responded...

ARTICLE

Gulf Marine Services – hits back at Seafox International, but bank crunch looms...

2020-10-08 13:54:15

Yesterday I cautioned on the Seafox International dispute and financial situation at Gulf Marine Services (GMS) with the shares at 9.6p. Today an update from the company – and the shares currently at 8.3p...

ARTICLE

Gulf Marine Services – dispute with Seafox International takes another turn... and another...

2020-10-07 17:01:59

At 10:04am Gulf Marine Services (GMS) announced it “has today been notified that Hesham Halbouny and Hassan Heikal have resigned as Directors of the Company with immediate effect. Mr Habouny and Mr Heikal were previously appointed to the Board on 4 August 2020 at a General Meeting requisitioned by Seafox International Limited”. At 11:27am Seafox responded...

ARTICLE

Gulf Marine Services – after previously 'announcements escalate dispute with Seafox International'...

2020-09-21 16:22:29

Previously writing on Gulf Marine Services (GMS), in July it was announcements escalate dispute with Seafox International, now “Letter from Seafox re Board Composition”...

ARTICLE

Gulf Marine Services – announcements escalate dispute with Seafox International...

2020-07-30 15:09:58

In advance of a requisitioned general meeting scheduled for 4th August, dispute between Gulf Marine Services (GMS) and Seafox International Limited has further escalated with announcements today...

ARTICLE

Gulf Marine Services – “successful first deployment of cantilever technology”… so why further share price decline?

2020-07-28 11:49:17

Previously writing on Gulf Marine Services (GMS) last month, the shares were 14.2p as I noted following “New debt structure”… a General Meeting requisition demand. Today a “First deployment of Cantilever Technology” announcement – and the shares currently further lower at 10.5p...

ARTICLE NEWSFLOW

Gulf Marine Services – following “New debt structure”… a General Meeting requisition demand...

2020-06-11 14:10:58

Oil, gas and renewable energy industries support vessels provider Gulf Marine Services (GMS) yesterday announced a new debt structure which it argued provides it with a “secure platform to sustain recovery”. Now a requisition of a General Meeting from Seafox International!...

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Gulf Marine Services – argues “important contract awards”; why do the shares remain subdued?

2020-01-04 10:00:35

Gulf Marine Services (GMS) has announced “important contract awards… secured day-rates for these contracts are firm and are consistent with existing contracts in the region” (Middle East). The shares have nudged higher towards 7.5p, but are down from more than 9p as recently as November and more than 20p early last year…

ARTICLE NEWSFLOW NEWSFLOW NEWSFLOW

Gulf Marine Services – “Contract Award”… so why a share price decline?

2019-10-23 15:50:39

“Contract Award” announcement from Gulf Marine Services (GMS) including Executive Chairman Tim Summers commenting “we are encouraged by the steady emergence of new tenders in our core Gulf market, which will allow GMS to focus on building towards full utilisation of all classes of vessel in our fleet”. The shares are however slightly lower to 8.85p…

ARTICLE NEWSFLOW

Gulf Marine Services – interims “will be delayed”. Uh oh…

2019-09-11 11:21:44

Previously writing on Gulf Marine Services (GMS), last month I concluded including I wish that candidate luck! There should be more detail on what they face here with 11th September-scheduled half-year results. And now… “Re-scheduling Interim Results Release Date”. Uh oh – and re-scheduled to when?...

ARTICLE

Gulf Marine Services – from late May “improving pipeline of opportunities” to now “disappointed to reset guidance for 2019”!

2019-08-21 14:29:35

Previously writing on Gulf Marine Services (GMS), in December I noted warns but argues there will be longer-term improvement; It’s got to be around for that first though! – concluding still bargepole / sell as the shares slumped below 10p. Today a “Corporate & Board Update”

ARTICLE NEWSFLOW NEWSFLOW NEWSFLOW

Gulf Marine Services – warns but argues there will be longer-term improvement; It’s got to be around for that first though!

2018-12-19 07:10:48

“Gulf Marine Services (LSE: GMS), the leading provider of advanced self-propelled self-elevating support vessels serving the offshore oil, gas and renewable energy sectors, provides the following trading update”. Not ‘is pleased to provide’ then. Let’s see why…

ARTICLE NEWSFLOW NEWSFLOW

Gulf Marine Services – 3:21pm “Trading Update” announcement. Uh oh…

2017-08-03 04:09:17

A 3:21pm (and thus clearly unscheduled) “Trading Update” announcement from Gulf Marine Services (GMS). However, it starts “overall the group is continuing to see good levels of tender activity and is progressing a number of opportunities”. Not as bad as feared then? Er…

ARTICLE NEWSFLOW

Gulf Marine Services – do contract win & contract extension signal turnaround?

2016-08-09 00:16:33

Shares in Gulf Marine Services (GMS) have initially reacted modestly positively to an announcement of a contract win and contract extension – with CEO Duncan Anderson emphasising the developments reflect “our strong client relationships, leading operational expertise and flexibility”. The following reviews – with I having previously concluded sceptically here...

ARTICLE

Gulf Marine Services – clients are “seeking cost efficiencies”, Uh oh…

2016-07-05 06:30:00

Provider of support vessels to the offshore oil, gas and renewable energy sectors, Gulf Marine Services (GMS) has released an “Operational and Trading Update” commencing that clients in the Middle East are “seeking cost efficiencies as a result of the challenging low oil price environment”. Uh oh…

ARTICLE

Zak Mir's Bear Call Of The Day: Gulf Marine Services: Price Channel Failure Targets As Low As 80p

2015-05-27 23:40:02

With the FTSE 100 holding towards its best levels ever, it does appear to be relatively difficult for would-be bears to gain traction on all but the most obvious of negative setups, Plus500 notwithstanding, of course,. 




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