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Gulf Marine Services (#GMS) – further financing facilities extension to end February, continues in dialogue with lenders

2020-01-31 07:44:23

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…

Gulf Marine Services (#GMS) – two contract awards in Middle East, “firm… secured day-rates… consistent with existing contracts in the region”

2020-01-03 07:52:29

Gulf Marine Services (#GMS) – banking facility extension to end of Jan, “continues in constructive dialogue with its lenders on a long-term solution”

2019-12-31 07:23:18

Gulf Marine Services (#GMS) – slightly increases 2019 EBITDA guidance, though “discussions with lenders continue”

2019-11-14 07:32:52

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

2019-10-23 15:50:39

A “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…

Gulf Marine Services (#GMS) – current waiver agreement with banks, “continuing its dialogue… on a long-term solution”

2019-09-27 07:42:44

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?...

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”…

Gulf Marine Services (#GMS) – profit warning, bank discussions as will breach covenant, CEO resigned

2019-08-21 07:56:45

Gulf Marine Services (#GMS) – independent non-exec Richard Anderson “has resigned from the board with immediate effect”. Hmmm.

2019-04-30 06:50:23

Gulf Marine Services (#GMS) – boardroom change General Meeting requisition from Seafox International

2019-01-31 00:45:25

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…

Gulf Marine Services (#GMS) – “delay in signing recently awarded contracts”, expects banking covenants breach

2018-12-19 00:41:54

Gulf Marine Services (#GMS) – banking covenant amendments to “provide… operational and financial flexibility”. Hmmm.

2017-08-08 23:36:02

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…

Gulf Marine Services (#GMS) – trading & deleveraging “in line”, encouraged by recent contract awards

2017-05-15 23:53:18

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...

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…

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,.