Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGulf Marine Services Share News (GMS)

Share Price Information for Gulf Marine Services (GMS)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 18.30
Bid: 18.25
Ask: 18.40
Change: 0.05 (0.27%)
Spread: 0.15 (0.822%)
Open: 18.00
High: 18.45
Low: 18.00
Prev. Close: 18.25
GMS Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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

Thu, 29th Sep 2022 22:08

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

----------

Dolphin Capital Investors Ltd - British Virgin Islands-based investor in high-end resort developments in the eastern Mediterranean - Sells entire interest in the One&Only at Kea Island project, netting EUR17.9 million. Owns 67% of Single Purpose Vehicle Ten Ltd which, in turn, indirectly owns 50% of One&Only, giving it effective equity interest of 33%.

----------

H&T Group PLC - Surrey, England-based pawnbroker - Plans to raise GBP16.9 million from issue to institutional investors at 425 pence each. Says proceeds of issue will go towards growing its pledge book, given strong demand, and to fund the expansion of the store estate through the opening of up to a further 20 new stores in 2023. Notes pledge book ended August at GBP89.6 million, rising from GBP50.2 million at June 30.

----------

Joules Group PLC - Leicestershire, England-based country lifestyle retailer - Notes it is making "good progress" in developing its turnaround plan, which is focuses on "driving higher profitability". "The company continues to make good progress on its simplification agenda and cost management process. Interpath Advisory is assisting the board with an initial assessment of certain elements as part of the development of this turnaround plan," it adds. Continues to assess its ongoing financing requirements, including a possible equity raise.

----------

Allergy Therapeutics PLC - Sussex-based biotechnology firm focused on allergy vaccines - In financial year ended June 30, sinks to pretax loss of GBP12.7 million versus GBP3.7 million profit the year prior. Revenue drops to GBP72.8 million from GBP84.3 million. Research & development costs grows to GBP15.7 million from GBP12.9 million. Notes a "strategic streamlining" of older products to focus on high value growth products. Chief Executive Manuel Llobet adds: "While market conditions remain challenging for many companies, our leading core European commercial business has been resilient."

----------

Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Signs improved contract, with a total duration of 72 months, for both an E-Class and K-Class vessel with an unnamed national oil company in MENA. The contract will come into effect in October 2022. Second contract win of the week, following new contract for an E Class vessel with an unnamed client in the Middle East and North Africa region.

----------

Thungela Resources Ltd - South Africa-based thermal coal exporter - Responds to an article from Bloomberg titled 'Top Coal Miners Consider Bids for South African Renewables Firm' which suggest Thungela is considering a bid for Actis LLP's BTE Renewables. Calls the article "factually incorrect". Confirms that it is not considering the acquisition of "any" renewables business". "We are not focused on diversification into the renewable energy sector," it says. Says current plans are limited to the installation of a 137-kilowatt solar plant at the eMalaheni water reclamation plant in South Africa and studies for a 4-megawatt solar photovoltaic plant at its Zibulo colliery.

----------

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
12 Jun 2018 17:31

Green Investment Drops Gulf Marine Stake While Grant Brown Ups To 10% (ALLISS)

LONDON (Alliance News) - Gulf Marine Services PLC said Tuesday Green Investment Commercial Investments LLC took the whole of its stake from the vessel construction company after a transaction on a

Read more
30 May 2018 15:47

Green Investment Representative Steps Down From Gulf Marine Board

LONDON (Alliance News) - Gulf Marine Services PLC said Wednesday Non-Executive Director Karim El Solh will step down with effect from Thursday.El Solh is a board representative of Green a a

Read more
25 May 2018 14:40

Green Investment Cuts Gulf Marine Services Interest To 10% From 17% (ALLISS)

LONDON (Alliance News) - Gulf Marine Services PLC said on Friday that Green Investment Commercial Investments LLC has decreased its stake in the company, which owns and operates barges and vessels

Read more
15 May 2018 16:11

UK Shareholder Meetings Calendar - Next 7 Days

Wednesday 16 MayIndiviorNational Express GroupMondiMerchants Fund Big Box Trust Court

Read more
20 Apr 2018 15:26

Forager Funds Management Takes 3.5% Stake In Gulf Marine Services (ALLISS)

LONDON (Alliance News) - Gulf Marine Services PLC said on Friday Forager Funds Management Pty Ltd acquired a 3.5% holding in the company, equal to 12.2 million shares, in a transaction on in the

Read more
20 Apr 2018 14:19

Aberforth Partners Increases Interest In Gulf Marine Services To 10% (ALLISS)

LONDON (Alliance News) - Gulf Marine Services PLC on Friday said that Aberforth Partners LLP upped its stake in the self-elevating support vessels operator firm.In a transaction on Partners

Read more
27 Mar 2018 13:21

Gulf Marine Services Swings To Loss On Higher Finance Costs

LONDON (Alliance News) - Gulf Marine Services PLC on Tuesday swung to a annual pretax loss due to sharply higher finance costs and a challenging market environment.The

Read more
3 Jan 2017 11:47

Gulf Marine Services sees 'clear signs' of oil market recovery

(ShareCast News) - Gulf Marine Services has won a new long-term contract award for one of its vessels to support oil drilling activities for a national oil company and said this demonstrated the "clear signs of recovery" in the market. The fully listed company said the new three-year charter for one

Read more
3 Jan 2017 10:31

Gulf Marine Services Signs Three-Year Contract For Mid-Size Vessel

Read more
22 Nov 2016 10:08

Gulf Marine Services Wins Mid-Size Vessel Deal In MENA Region

Read more
15 Nov 2016 09:26

Gulf Marine Wins Large Vessel Contract For European Oil And Gas Work

Read more
5 Jul 2016 09:50

Gulf Marine Services loses two contracts, agrees bigger bank loan

(ShareCast News) - Gulf Marine Services has cut its earnings guidance for 2016 but arranged a larger bank facility as two contracts were terminated early by clients and a third chose not to take up a contract extension. One contract with a Middle Eastern national oil company for a large, static self

Read more
5 Jul 2016 08:40

Gulf Marine Services Says Two Contracts Terminated In Middle East

Read more
11 May 2016 08:18

Gulf Marine Focused On Cutting Costs And Maximising Use Of Fleet

Read more
6 Apr 2016 14:37

Wednesday broker round-up

(ShareCast News) - Electrocomponents: Credit Suisse upgrades to neutral with a target price of 250p. Telecom Plus: Berenberg Bank downgrades to hold, 250p target. Informa: Berenberg Bank maintains hold with a target price of 725p. ITV: Credit Suisse reiterates outperform with a target price of 310

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.