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Share Price: 21.10

Bid: 21.20

Ask: 22.40

Change: 0.00 (0.00%)

Spread: 1.20 (5.66%)

Open: 0.00

High: 0.00

Low: 0.00

Prev. Close: 21.10

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IN BRIEF: Gulf Marine Says Three Investors Want Board Changes

Mon, 09th Nov 2020 15:16

Gulf Marine Services PLC - UAE-based marine services provider - Says shareholders Seafox International Ltd, Horizon Energy LLC and Mazrui Investments LLC intend to vote for changes to Gulf Marine's board. The trio hold a total of 49% of shares in Gulf. Also receives letter from lenders stating they will not alter any terms of financing agreements. Says second-largest lender in syndicate warns Gulf Marine may end up in breach of financing terms if unable to issue warrants. In October general meeting, votes to allow Gulf Marine directors to allot securities and to disapply pre-emption rights both were rejected by just shy of 58% of votes. The company was seeking shareholder approval to issue warrants to its lending banks by the end of 2020.

Current stock price: 5.76 pence, down 16% on Monday

Year-to-date change: down 22%

By Eric Cunha; ericcunha@alliancenews.com

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23 Jan 2023 11:08

IN BRIEF: Gulf Marine Services to develop French offshore wind farm

Gulf Marine Services PLC - provides self‐propelled, self‐elevating support vessels for offshore oil, gas and renewables industries - Signs contract to provide support for the construction and development of a major offshore wind farm in France. Contract is due to complete in the first quarter of 2023. Executive Chair Mansour Al Alami says: "We are pleased to be awarded this contract, which is a further reflection of the strong demand for our vessels. This contract also reflects our long-term commitment to the renewable energy sector, as earlier announcements confirmed our commitment towards the oil and gas sector."

13 Jan 2023 10:03

Gulf Marine Services shares down as client hit with bankruptcy

(Alliance News) - Gulf Marine Services PLC shares were down on Friday, after it said it might need to adjust its 2022 guidance as its client World Marine Offshore AS has filed for bankruptcy.

10 Jan 2023 11:26

Gulf Marine Services performs in line with full-year expectations

(Alliance News) - Gulf Marine Services PLC on Tuesday said it expects earnings for 2022 to be in line with expectations.

3 Jan 2023 17:17

TRADING UPDATES: MGC cuts costs; Ince gets Arden sale green light

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

9 Dec 2022 13:30

IN BRIEF: Gulf Marine says annual earnings to be within guidance range

Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Expects earnings before interest, tax, depreciation and amortisation for 2022 to be between USD70 million to USD72 million, which is within the previous given guidance range. Says vessel utilisation is projected to be 87%, up from 85% in 2021. Gulf Marine says "the increase in utilization is despite some unfavourable weather conditions and options on contracts not having been exercised".

15 Nov 2022 21:23

TRADING UPDATES: Gulf Marine wins deal; Rockpool considers acquisition

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

3 Nov 2022 18:18

TRADING UPDATES: Gulf Marine wins deal; Kitwave trades in-line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

29 Sep 2022 22:08

TRADING UPDATES: H&T plans raise; Joules turnaround continues

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

27 Sep 2022 13:11

IN BRIEF: Gulf Marine shares up on new contract win

Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Wins new contract for an E Class vessel with an unnamed client in the Middle East and North Africa region. The contract is due to start in the second quarter of 2023, with a duration of 22 months.

26 Sep 2022 15:02

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Gulf Marine Services Share News (GMS)

Share Price Information for Gulf Marine Services (GMS)

IN BRIEF: Gulf Marine Says Three Investors Want Board Changes

IN BRIEF: Gulf Marine Services to develop French offshore wind farm

Gulf Marine Services shares down as client hit with bankruptcy

Gulf Marine Services performs in line with full-year expectations

TRADING UPDATES: MGC cuts costs; Ince gets Arden sale green light

IN BRIEF: Gulf Marine says annual earnings to be within guidance range

TRADING UPDATES: Gulf Marine wins deal; Rockpool considers acquisition

TRADING UPDATES: Gulf Marine wins deal; Kitwave trades in-line

TRADING UPDATES: H&T plans raise; Joules turnaround continues

IN BRIEF: Gulf Marine shares up on new contract win

EARNINGS SUMMARY: Steppe profits via pricing; Gulf Marine profit soars

Gulf Marine Services swings to annual profit as vessel demand surges

TRADING UPDATES: Rotala buys buses; Aukett Swanke sells John R Harris

IN BRIEF: Gulf Marine Services wins contract with national oil company

EXECUTIVE CHANGES: New CFOs for Gulf Marine, nanosynth and Pioneer

IN BRIEF: Gulf Marine Services expects rise in earnings for 2021

Latest Share Chat

Gulf Marine Services Share News (GMS)

Share Price Information for Gulf Marine Services (GMS)

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IN BRIEF: Gulf Marine Says Three Investors Want Board Changes

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