We would love to hear your thoughts about our site and services, please take our survey here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Yes it absolutely stinks. But that is AIM / MM's / London Stock Exchange , et al
Hi GFD, I'm fine thanks, hope you are too?
Just passing through and happened to notice the strange selling activity today. Almost a million shifted without a dent on the SP. Very strange indeed. Don't think it will be long before GMS wakes from it's slumbers.
going on here. A lot of 50,000 blocks of sells going through with nil affect on the SP?
Good on you GFD for defending yourself. No one should have to put up with that kind of abuse. The share price seems to have plateaued at around 12-13p. Hopefully there will be some good news just around the corner.
Trolls are best ignored GFD. I never understand what drives some people to openly slate someone else on a public forum. Would he say the same things face to face? I doubt it.
Any guesses as to when we'll get Q1 earnings, anyone?
Got yer from the start. I sucked you in and found you out. LOL. BEWARE PEOPLE. GLA
Wa**er and his mate. LOL
SHORTER, SHORTER,SHORTER
Ignore Him. ******. LOL
Hello so full of sh@t . Shorter big time or not a clue. LOL.
Well GFD hopefully we will all be soaring again soon!
A limo? Are you a flightless duck GFD?
Small but welcome rise today 3%...... a few more of these and I’ll feel a lot more confident. It’s ridiculously cheap imho
As you say GFD, it will be interesting to see what the BOD have to say at the AGM. Hopefully something positive!
I very rarely post on here but felt compelled to do so due to my concern about the continuing fall in the SP. I am an amateur investor and have a GMS holding in my SIPP. Have held for a while now in the hope that something positive might happen but the graph doesn't look good. Would be a shame to sell as I do see the potential for an upside. Would be nice if the company were to provide some kind of reassurance to investors by giving us an update on the discussions with the banking syndicate.
I can imagine as you said there are a few with the cure for constipation and the 18pps SEAFOX were offering could be restarted or they may aim for a much larger stake? Takeover would have to be 75% to take private but that would only require around 50 million at 18pps?. The CFO not turning up looks to be a surprise? which is why I am posting here, As I mentioned in an earlier post the oil price seems to have an effect on the SP with a delay of anywhere up to 8 months. Not withstanding other factors.
Sorry, hit the keys at the wrong moment. The debt has stabilised and is not spiralling out of control. The break even point for profit seems to be around 135 million turnover IMHO. At 123 million and savings in the pipeline plus a 7% loans to be re-negotiated there may be a silver lining to the cloud. The day rates are the key to revenue increases, these effect both SEAFOX and GMS.
Its nice to read the other posts and its a surprise to see so much support, there is still a small window with increased utilisation on small vessel IIRC.
Lets hope the transport of barges doesn't effect profits in the same way it did in '18 as in'17.
I am not going to post too often as its a bit of a hiding to nothing, you might well find the oil price has a knock on effect with a delay. 6 to 8 months even IMHO. As GFD NED and others and others have rightly pointed out, SEAFOX has sold 51% of a similar large barge and (not sure where this money is used or went or was added) but decided to buy into a piece of GMS. As they both operate jack-ups (and the poor day rate is upon us) there is a limited industry and supply of vessels. This is in over supply (with lower workload hence the poor day rate) and this will only increase for both companied when the day rates return to a higher value. The debt has stabilised to and
I see the price of oil is helping us not!
These little uncross trades that bring the price up to 13 at the end of the day are a little wierd. Not unwelcome though... Anyone know why they're happening, along with the double price monitoring?
Well said GFD; Seafox presents itself as a success story in the niche market of Jack-Ups and subsequently bought 14% at 18pps on the back of that experience and additional knowledge gained from GMS's earlier approach. If they see great value at 18pps then the current share price is bargain basement!
If I were you I would check this out.
It will show you the debts are not spiralling up all out of control, the loss is reducing and the income is slowly returning to an industry wide LOW PAYING PERIOD! Try and read past just debt to see the bigger picture.
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=37&cad=rja&uact=8&ved=2ahUKEwjbmZaixtfhAhVNKuwKHdeWBcQ4HhAWMAZ6BAgIEAE&url=https%3A%2F%2Fwww.reuters.com%2Ffinance%2Fstocks%2FGMS.L%2Fkey-developments&usg=AOvVaw3Zk7UG9JzuuYpvFpwVsfH9
B in Black.
IIRC there is a shareholder meeting sometime in late May? 23rd or something.
Maybe there will be news before then or at that meeting? IDOK If that's a date they are aiming for? or if it will be sorted when the best deals can be agreed upon?
These might interest you.
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=28&cad=rja&uact=8&ved=2ahUKEwjM1_PWwNfhAhUnMewKHcRiAps4FBAWMAd6BAgJEAE&url=https%3A%2F%2Fwww.marketscreener.com%2FGULF-MARINE-SERVICES-PLC-16023308%2Ffinancials%2F&usg=AOvVaw1RI0f1vJlsPkyXMWAfPnnK
http://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=11&cad=rja&uact=8&ved=2ahUKEwiokKLTxdfhAhXD-aQKHfDaCKc4ChAWMAB6BAgBEAE&url=http%3A%2F%2Ffinance.digitallook.com%2Fcgi-bin%2Fdlmedia%2Fsecurity.cgi%3Fcsi%3D27033106%26username%3D%26ac%3D&usg=AOvVaw2axRUtWlly7hC54m3x7NwA
https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=14&cad=rja&uact=8&ved=2ahUKEwiokKLTxdfhAhXD-aQKHfDaCKc4ChAWMAN6BAgDEAE&url=https%3A%2F%2Fsimplywall.st%2Fstocks%2Fgb%2Fenergy%2Flse-gms%2Fgulf-marine-services-shares%2Fnews%2Fone-thing-to-remember-about-the-gulf-marine-services-plc-longms-share-price%2F&usg=AOvVaw1IqHo8cGzEyylLDS7mMqxx
should read
I was just logged in to check US markets really.
Nothing has changed to alter my opinion (other than new appointees to the board have either got no money or should have bought some shares on such a low!) suffice to say that the SP is being held back by the events earlier this year, that stigmatism is still there IHMO.
there was an extra should! read it and it looked like I was saying something else!