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Pin to quick picksGulf Marine Services Share News (GMS)

Share Price Information for Gulf Marine Services (GMS)

London Stock Exchange
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Share Price: 18.30
Bid: 18.25
Ask: 18.50
Change: 0.05 (0.27%)
Spread: 0.25 (1.37%)
Open: 18.00
High: 18.45
Low: 18.00
Prev. Close: 18.25
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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:

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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%.

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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.

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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.

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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."

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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.

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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.

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By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

More News
17 Feb 2022 12:15

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

Gulf Marine Services PLC - United Arab Emirates-based lift boat company - Wins a seven-month contract for one of its K class smaller vessels with an unnamed national oil company in the Middle East & north Africa region.

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7 Feb 2022 16:02

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

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

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24 Jan 2022 16:07

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

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

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21 Dec 2021 14:39

IN BRIEF: Gulf Marine shares rise after two new contracts wins

IN BRIEF: Gulf Marine shares rise after two new contracts wins

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11 Nov 2021 18:36

TRADING UPDATES: Avation sells Airbus jet; Mode Global's bitcoin deal

TRADING UPDATES: Avation sells Airbus jet; Mode Global's bitcoin deal

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21 Oct 2021 14:45

TRADING UPDATES: Condor finishes drilling at La Mestiza open pit mine

TRADING UPDATES: Condor finishes drilling at La Mestiza open pit mine

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14 Oct 2021 16:04

DIRECTOR DEALINGS: Fintel interim chair sells; THG non-exec buys

DIRECTOR DEALINGS: Fintel interim chair sells; THG non-exec buys

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13 Oct 2021 14:49

IN BRIEF: Gulf Marine swings to half one profit amid contract strength

IN BRIEF: Gulf Marine swings to half one profit amid contract strength

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1 Oct 2021 11:15

TRADING UPDATES: Sensyne revenue jumps; Stranger Holdings loss narrows

TRADING UPDATES: Sensyne revenue jumps; Stranger Holdings loss narrows

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6 Sep 2021 11:51

IN BRIEF: Gulf Marine Services signs deal for new software solution

IN BRIEF: Gulf Marine Services signs deal for new software solution

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23 Aug 2021 14:11

EXECUTIVE CHANGES: Condor Gold hires CFO; Serinus Energy brings in COO

EXECUTIVE CHANGES: Condor Gold hires CFO; Serinus Energy brings in COO

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8 Jul 2021 16:32

Director dealings: Gulf Marine Services chairman ups stake

(Sharecast News) - Gulf Marine Services revealed on Thursday that chairman Mansour Al Alami had acquired 672,200 ordinary shares in the London-listed self-propelled lift boat operator.

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8 Jul 2021 14:28

IN BRIEF: Gulf Marine Services exec chair buys GBP23,000 in shares

IN BRIEF: Gulf Marine Services exec chair buys GBP23,000 in shares

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30 Jun 2021 19:14

TRADING UPDATES: Topps Tiles improves as curbs ease; Bermele makes buy

TRADING UPDATES: Topps Tiles improves as curbs ease; Bermele makes buy

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25 Jun 2021 12:13

Gulf Marine to raise GBP20 million through open offer and placing

Gulf Marine to raise GBP20 million through open offer and placing

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