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Pin to quick picksGulf Marine Services Share News (GMS)

Share Price Information for Gulf Marine Services (GMS)

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Share Price: 21.10
Bid: 21.20
Ask: 22.40
Change: -0.40 (-1.86%)
Spread: 1.20 (5.66%)
Open: 21.50
High: 21.90
Low: 21.10
Prev. Close: 21.50
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TRADING UPDATES: Condor finishes drilling at La Mestiza open pit mine

Thu, 21st Oct 2021 14:45

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

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Condor Gold PLC - mine developer in Nicaragua - Completes 8,004 metres of infill drilling at the La Mestiza open pit mine in La India Project, Nicaragua. Drilling includes 96 diamond core drill holes. Says the La India project has an open pit mineral resource of 92,000 tonnes at 12.1 grams per tonne of gold. "The Mestiza vein set remains open down dip and along strike in both directions, has parallel veins identified by rock chip sampling and trenching and has the potential for further significant discovery," Condor adds.

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Gulf Marine Services PLC - Abu Dhabi-based provider of support vessels for offshore oil, gas and renewables industries - Wins new 12-month contract for E-class vessel with engineering, procurement, and construction client in the Middle East and North Africa. Says the contract begins at the end of December, following completion of the vessel's existing contract. Another client exercises a two-year option, committing an S Class Vessel for all of 2022 and 2023.

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Seneca Growth Capital VCT PLC - St. Helens, England-based investment firm - Net asset value per B share reaches 102.3 pence at October 15, up 11% from 91.8p at the end of 2020. An increase in the value of the B share pool's AIM-quoted investments causes this rise in NAV. Says this increase was offset by the impact of the ordinary running costs of the company.

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Altona Rare Earths PLC - mining exploration company - Agrees to acquire 51% stake in Chambe Rare Earths Project in Southern Malawi via a joint venture with Akatswiri Mineral Resources Ltd. Says the project is held under an exploration licence granted on September 9 and valid until September 6, 2024. The licence will be transferred to Akatswiri, who will run the project and receive 1 million Altona shares. Expects total cash expenditure of GBP200,000 for the purchase of Chambe.

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AEW UK REIT PLC - UK commercial property investor - Net assets total GBP174.3 million at September 30, up 2.7% from GBP169.7 million at June 30. NAV per share reaches 110.0p per share at September 30, compared to 107.11p at June 30. Reports receiving 89% of rent for the quarter beginning September 29. Sells Langthwaite Industrial Estate, South Kirkby for GBP10.8 million and Wella Warehouse, Basingstoke for GBP5.9 million. Declares interim dividend of 2.00 pence per share for the three months ended September 30. Says this is in line with the company's target annual dividend of 8.00p per share.

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Custodian REIT PLC - Leicester, England-based real estate investment trust - Buys industrial unit on the Clifton Moor Industrial estate in York for GBP2.96 million. Funds purchase with existing debt facilities. The unit covers 28,601 square feet, occupied by Menzies Distribution Ltd for annual passing rent of GBP186,000. This rent offers a net initial yield of 5.9%, the company says.

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Zambeef Products PLC - Zambia-focused cold chain foods and retail business - For the year ended September 30, expects adjusted pretax profit to be between 65% and 75% ahead of current market expectations, while revenue is set to be 10% to 12%, driven by sustained consumer demand for products despite rising costs, prices and a difficult operating environment.

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By Scarlett Butler; scarlettbutler@alliancenews.com

Copyright 2021 Alliance News Limited. All Rights Reserved.

More News
4 Apr 2024 11:50

Gulf Marine shares rise as posts annual growth and sets out guidance

(Alliance News) - Gulf Marine Services PLC on Thursday reported double-digit earnings growth in 2023, and it set out its lofty 2024 guidance.

Read more
4 Apr 2024 09:43

Gulf Marine Services annual profits grow, FY24 outlook strong

(Sharecast News) - Energy industry services business Gulf Marine Services said on Thursday that both revenue and profits had grown in 2023.

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11 Mar 2024 11:57

Gulf Marine Services inks contract for vessel in Middle East

(Alliance News) - Gulf Marine Services PLC said it has signed the first of a two phase, four-year, contract for one of its vessels operating in the Middle East.

Read more
28 Feb 2024 12:04

Gulf Marine Services wins contract and award for Middle East vessels

(Alliance News) - Gulf Marine Services PLC on Wednesday said it extended a contract for one of its vessels which is currently operating in the Middle East, alongside receiving a letter of award for a separate vessel in the region.

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17 Jan 2024 11:50

Gulf Marine Services raises 2023 earnings guidance to 20% increase

(Alliance News) - Gulf Marine Services PLC on Wednesday updated its guidance for 2023, saying it now expects to report higher earnings than originally expected.

Read more
8 Jan 2024 11:06

IN BRIEF: Gulf Marine Services inks contracts for small class vessels

Gulf Marine Services PLC - Provider of self-propelled and self-elevating support vessels for the offshore oil, gas, and renewables sectors - Announces contract extension for one small class vessel and a new contract for another small class vessel. Says that both the extension and the new contract are for vessels in the Gulf Cooperation Council. The contract extension, surpassing the initially issued duration, is for a period of an additional 176 days. The new contract is for a total duration of 210 days.

Read more
6 Nov 2023 11:19

IN BRIEF: Gulf Marine Services ups full year outlook

Gulf Marine Services PLC - London-based provider of self-propelled and self-elevating support vessels, to customers in the oil, gas, and renewables sectors - Lifts annual outlook. Now expects earnings before interest, tax, depreciation and amortisation in the range of USD83 million to USD86 million for 2023, lifted from its previous USD77 million to USD85 million outlook. "Given significant improvement in backlog visibility and market outlook evidenced in the recently announced contract awards, alongside future opportunities we're bidding for, we are confident to increase our market guidance for 2023 and to provide an even higher initial guidance for 2024," it says. For 2024, it predicts an Ebitda in the range of USD87 million to USD95 million.

Read more
1 Nov 2023 10:04

Gulf Marine Services shares jump on three contract awards

(Alliance News) - Gulf Marine Services PLC shares rose on Wednesday, after it announced two contract extensions and one new deal.

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31 Aug 2023 17:40

EARNINGS SUMMARY: Gulf Keystone swings to loss; Gulf Marine optimistic

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

Read more
18 Jul 2023 16:55

TRADING UPDATES: Andrada raises GBP7.7 million; Ixico signs contract

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

Read more
12 Jun 2023 10:38

Gulf Marine extends two contracts in Gulf Cooperation Council region

(Alliance News) - Gulf Marine Services PLC on Monday said it won two contract extensions in the Gulf Cooperation Council region, which it said reflected "highly favourable" market and the quality of its fleets.

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7 Jun 2023 14:33

IN BRIEF: Gulf Marine Services says 45% vote against chair as director

Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Notes that 45% of shares cast at AGM vote against the re-appointment of Chair Mansour Al Alami as director of company. Further, 49% shares cast vote against authorising the allotment of shares and over 50% of shares cast vote against disapplying pre-emption rights in connection with a rights issue. The special resolution regarding the disapplication of pre-emption rights is the only one resolution that does not pass. It needed 75% approval.

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24 Apr 2023 12:20

Gulf Marine revenue rises; expects improved performance in 2023

(Alliance News) - Gulf Marine Services PLC on Monday said revenue was up in 2022, boosted by higher vessel rates, as it expects continued improvement on day rates in 2023.

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29 Mar 2023 11:03

IN BRIEF: Gulf Marine Services receives two contracts for vessel

Gulf Marine Services PLC - provides self‐propelled, self‐elevating support vessels for the offshore oil, gas and renewables industries - Announces award of two new contracts for one of its small class vessels in the Gulf Cooperation Council region. Says the daily rates secured for these contracts reflect strong demand for our vessels. The first contract will begin at the end of the first quarter, while the second contract will begin at the start of the third quarter. Says both contracts will span a cumulative period of 272 days.

Read more
10 Feb 2023 14:35

Director dealings: Gulf Marine Services director makes share purchase

(Sharecast News) - Gulf Marine Services revealed on Friday that non-executive director Charbel El Khoury had acquired 500,000 ordinary shares in the London-listed boat operator.

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