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I'm a bit skint this month. Think I'll get a loan off Wonga.com and buy 25% of GMS stock.
Is that how it works?
With all due respect you have been posting your theories for weeks.
Why did Seafox sell their 49% share of their newest vessel a few months ago? Seafox is trying to tell you they are here to help save GMS looks like the opposite to me.
Good or bad ?
Conflicts of Interest?
According to UK Corporate Governance Code 2018
Circumstances which are
likely to impair, or could appear to impair, a non-executive director’s
independence include, but are not limited to, whether a director:
• represents a significant shareholder; or
All of the below information is available on the internet.
Millennium Offshore Services Superholdings / Seafox loans, 225M USD Feb2013 (162M USD paid to sahreholders), 240M USD Nov 2014 (used to acquire Seafox), 450M USD loan.
HM MOS International acquired MOS Superholdings for 200M USD in March 2014.
The Principal investors in HM MOS International Limited include, amongst others, a GCC Sovereign
Wealth Fund, MENA Regional Family Offices and also MENA Regional High Net Worth Individuals.
Seafox has not published any financial results since 2014.
Jan 2016 Moody's withdrew it's rating for MOS Superholdings because of inadequate information to monitor the rating, due to the issuer's decision to cease participation in the rating process.
Perhaps the net is closing around Seafox?
Bit of a retrace at the finish but the daily % rise is encouraging.
Somethings afoot again lol
You topping up again GFD?
Robert Duncan, comments: “We are excited about the opportunities this merger brings for the combined companies and our existing and potential customers. Our jack-up ASV and service operations are greatly complimentary and will instantly increase availability, fleet diversity and flexibility for existing and future customers. This particular market is ready for consolidation and we are delighted to be at the forefront of it. Our balance sheet and investor base provide us with an opportunity to fund further expansion on an opportunistic basis.”
https://www.offshoreenergytoday.com/hm-mos-seafox-merger-creates-largest-offshore-jack-up-asv-firm/
Mr. Al Suwaidi’s Company, Horizon Energy was part of a consortium of investors that acquired Gulf Marine Services (GMS), a world leading provider of self-propelled self-elevating support vessels (SESVs). In March 2014, GMS achieved a premium listing on the London Stock Exchange, through a successful IPO which raised gross proceeds of approximately US $ 110 million. Furthermore, Horizon Energy entered into a partnership agreement with Oman Chlorine, a Muscat listed company for the establishment of Union Chlorine, a chlorine-alkali plant in Abu Dhabi, where Mr. Al Suwaidi holds a Board Seat.
seems to be stuck here at 22.5pps lets await the afternoon rush upto 25pps
No source but a lot of reading and too much coincidence and crossover (and maybe even seeing things that don't exist!). Look at the chain Millennium Offshore and Seafox. Mr Hisham Halbouny appears throughout and it all appears to stem from MANCapital.
Don't get me wrong, I sincerely hope you are right because my intent is to be in this for the long haul...I feel over the next 2-4 years this could do very well indeed..
this is going to be a strong week on the offer at least 30pps
from 9p to 23p i didn't see that coming , share price recovered more than 100% after the trading statement.
Pressure on the offer now. I see FOOT is also on the rise
And what would you expect the result to be if they were to take control and eventually de-list? From what I have been able to find out, the real power behind this seems to be MAN Capital and I can see no track record for them maintaining listed companies......interested in your thoughts?
Let me know where you buy next.... Here is looking very good
nm
where are we going to end today i am guessing that we will break the 22.50 today and possible break 28 by end of week
thoughts?
2/11/2018 Broker: Canaccord Genuity Rating: Hold Old Target: GBX 50.00 New Target: GBX 40.00 Reiteration
10/10/2018 Broker: Barclays Capital Rating: Equal Weight Old Target: GBX 59.00 Maintain
05/09/2018 Broker: Numis Securities Rating: Buy Old Target: GBX 95.00 New Target: GBX 70.00 Maintain
20/08/2018 Broker: Barclays Capital Rating: Equal Weight Old Target: GBX 59.00 Maintain
Should at least get to 40p
Has the duck turned into a swan?
Lol
I've read the latest RNS, rather belatedly, however, I certainly see it as a positive and will look to top up in great anticipation..... GFS might be right about the interest free loan. Win, win .....
Never. Scared to go near them in case they spit in my face lol
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