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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: 18.25
Bid: 18.20
Ask: 18.25
Change: 0.00 (0.00%)
Spread: 0.05 (0.275%)
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
23 Nov 2020 16:22

UK EXECUTIVE CHANGE SUMMARY: Gulf Marine Services Suspends Exiting CEO

UK EXECUTIVE CHANGE SUMMARY: Gulf Marine Services Suspends Exiting CEO

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23 Nov 2020 08:31

Gulf Marine suspends CEO Summers over severance deal

(Sharecast News) - Gulf Marine Services has suspended Chief Executive Tim Summers over a severance agreement he agreed before a boardroom coup.

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11 Nov 2020 19:11

IN BRIEF: Gulf Marine Has Eyes On Future As New Board Takes Shape

IN BRIEF: Gulf Marine Has Eyes On Future As New Board Takes Shape

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10 Nov 2020 19:10

IN BRIEF: Reshaped Gulf Marine Board As Seafox Resolutions Pass

IN BRIEF: Reshaped Gulf Marine Board As Seafox Resolutions Pass

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9 Nov 2020 15:16

IN BRIEF: Gulf Marine Says Three Investors Want Board Changes

IN BRIEF: Gulf Marine Says Three Investors Want Board Changes

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6 Nov 2020 16:29

IN BRIEF: Gulf Marine Services 2020 Performance Remains Ahead Of Plan

IN BRIEF: Gulf Marine Services 2020 Performance Remains Ahead Of Plan

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27 Oct 2020 14:27

Gulf Marine Warns On Future As Shareholders Reject Meeting Resolutions

Gulf Marine Warns On Future As Shareholders Reject Meeting Resolutions

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16 Oct 2020 21:03

IN BRIEF: Gulf Marine Services Notes Seafox Vote Against Warrant Issue

IN BRIEF: Gulf Marine Services Notes Seafox Vote Against Warrant Issue

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9 Oct 2020 09:19

CORRECT (Oct 8): Gulf Marine Accuses Seafox Again As Battle Continues

CORRECT (Oct 8): Gulf Marine Accuses Seafox Again As Battle Continues

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8 Oct 2020 19:41

Gulf Marine Accuses Seafox Again As War Of Words Continues

Gulf Marine Accuses Seafox Again As War Of Words Continues

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7 Oct 2020 19:13

IN BRIEF: Gulf Marine Directors Resign But One May Be Reappointed

IN BRIEF: Gulf Marine Directors Resign But One May Be Reappointed

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7 Oct 2020 11:37

Seafox appointees quit Gulf Marine board

(Sharecast News) - Gulf Marine Services said two directors representing Seafox International had resigned in the latest episode of the conflict between the companies.

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23 Sep 2020 19:23

IN BRIEF: Gulf Marine Accuses Shareholder Seafox Of "Hyperbole"

IN BRIEF: Gulf Marine Accuses Shareholder Seafox Of "Hyperbole"

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21 Sep 2020 21:23

IN BRIEF: Gulf Marine Shareholder Seafox Calls For Board Changes

IN BRIEF: Gulf Marine Shareholder Seafox Calls For Board Changes

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4 Aug 2020 21:10

Gulf Marine Shareholders Approve Seafox's Requisitioned Resolutions

Gulf Marine Shareholders Approve Seafox's Requisitioned Resolutions

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