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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: 18.60
Bid: 18.30
Ask: 18.55
Change: 0.35 (1.92%)
Spread: 0.25 (1.366%)
Open: 18.00
High: 18.60
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.

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9 Jun 2021 17:47

TRADING UPDATES: Ted Baker results in line; Gulf Marine raises cash

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9 Jun 2021 09:44

Gulf Marine Services shares sink on planned fundraise to tackle debt

Gulf Marine Services shares sink on planned fundraise to tackle debt

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26 May 2021 17:36

EXECUTIVE CHANGES: Gresham House Strategic investment manager resigns

EXECUTIVE CHANGES: Gresham House Strategic investment manager resigns

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14 May 2021 10:56

Profit sinks at Gulf Marine Services after wave of unforeseen costs

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TRADING UPDATES: Supreme annual revenue jumps; Pelatro in Asia deal

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15 Apr 2021 15:51

Gulf Marine adds two new contracts to USD207 million pipeline backlog

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16 Mar 2021 17:16

Gulf Marine Services shares rise amid "milestone" improved debt deal

Gulf Marine Services shares rise amid "milestone" improved debt deal

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1 Mar 2021 20:11

TRADING UPDATES: Invesco Enhanced and City Merchants plot merger

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5 Feb 2021 12:28

EXECUTIVE CHANGES: Iconic Labs CEO; Tiziana Hires Executive Director

EXECUTIVE CHANGES: Iconic Labs CEO; Tiziana Hires Executive Director

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2 Feb 2021 20:14

IN BRIEF: Gulf Marine Director Saeed Mir Abdulla Khooryv Dies

IN BRIEF: Gulf Marine Director Saeed Mir Abdulla Khooryv Dies

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1 Feb 2021 14:01

IN BRIEF: Gulf Marine Has Further Extension For Debt Restructure Terms

IN BRIEF: Gulf Marine Has Further Extension For Debt Restructure Terms

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8 Jan 2021 18:16

UK TRADING UPDATE SUMMARY: MGM's Largest Shareholder Backs Entain Buy

UK TRADING UPDATE SUMMARY: MGM's Largest Shareholder Backs Entain Buy

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31 Dec 2020 14:15

Gulf Marine Services In Talks For Improved Terms For Debt Extension

Gulf Marine Services In Talks For Improved Terms For Debt Extension

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21 Dec 2020 11:35

Gulf Marine Services Secures Two Vessel Contract Extensions

Gulf Marine Services Secures Two Vessel Contract Extensions

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25 Nov 2020 15:19

IN BRIEF: Gulf Marine Services Adds Another Seafox Pick To Board

IN BRIEF: Gulf Marine Services Adds Another Seafox Pick To Board

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