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Join the big boy leagues son. small bets dont cut the mustard here
Ooo im the only buyer today
Hello all INVESTEVERYTHING here, i am not a bot like most of you but i am a top investor in the SoCal area. Me and my firm have been in and round Gulfmarine for many years, word on the oil pipeline is a potential buyout is on the Arabian horizon just off the palm Jumeirah. disclaimer - this is not financial advice. Also may or may not be a lie.
Lot of positive news, and the rocket booster ignition doesn't work.Dead stock gentlemen-there is no buyer even at 6p!Them guilts probably better
2nd equity raise still there, even though recent glossy article on Gms didnt mention and will have reeled in buyers no doubt. Plus it's not confidence instilling to see all that risk register stuff in Note 3; all companies have risk registers, but must confess I wasn't aware you had to plaster them all over your RNSs; thought they're for internal consumption only; let's face it, all kinds of **** can happen to any company at any time and it's up to the BOD to mitigate them. I'll continue to hold because of the continued improvement in debt, profitability and utilisation. Plus the biggy for me is the off shore renewables potential which must surely be significant going forward, although wasn't explicitly mentioned. Back in the biscuit tin for the foreseeable.
Did the rocket booster just explode before take off?Serious sell off by GMS standards, notwithstanding that this company earns in dollars
It's possible for them to do without the raise, in my humble view.Sizeable raise if they do it and one would think that the 2 large holders want to avoid it if they don't want to get diluted.
Thanks for posting the article. Have to say that's the most positive thing I've read about GMS in years, and not before time!! It didn't say anything about the 2nd equity raise though? Has the need for the raise now fallen away due to the improving debt position?
I know it's that time of the year when u talk about pyrotechnics....
There's nothing you don't know apparently!
Tell us something we don't know....
A take over is what we need, and those tangible assets are now worth significantly more than the written down book value - guaranteed. BUT with two players owing over 50% of the shares someone would have to drive a wedge between them - then we might get some real action.
As i suggested before,there aren't enough buyers to push this beyond 7p or even anywhere close to fair value/broker price targets,unless there is a takeover.Without it, stuck at 6-7p levels.Goodluck
Cashed out at 12p few months ago ;)
Didn't know you were still alive??
Thought you had a nosebleed and cashed out at 6p
Plenty of buyers out there! Results in next fortnight sure to be good!
Even in a falling market, the MAC backs the winners :)
If i had a dollar for every time you said this....
Worth the wait! This volcanos about to blow!
When are the next GMS results?
It seems ADNOC Logistics & Services has acquired Zakher Marine, adding a bunch of self propelled jack-up barges to its fleet. ADNOC is a big client of GMS. Hopefully the deal does not mean materially less demand for GMS' vessels.
GMS borrowings in 2021 attracted an average LIBOR rate of 0.2%.
6 month LIBOR rate 12 months ago was just o.15%
6 month LIBOR rate today = 3.3% (or a twenty two fold increase) and is displaying a vigorous upward trend.
Should the ongoing dramatic increase in debt funding costs lead us to examine the similarly increasing risk profile.
I have sold my GMS stock.
Polymetals having a good day!!!!! This is a fact Stasi moderators so please do not remove like my other posts which were also facts
Interesting how the votes were split on some of the resolutions.....may not mean much, but do we have 2 large opposing shareholders? @AA2020
one comment - don't jinx it